About Saxo India Private Limited
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Saxo India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Initto A/S. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 May 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2003PTC120602. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹48.39 Lakh. It was formerly known as Kring Technologies India Private Limited and Initto Technologies India Private Limited. It is led by directors including Lotte Pind and Rahool Suhas Joshi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at L – 61A 2nd Floor Connaught Circus, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.23 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 71.2%) and EBITDA of ₹2.15 Cr (EBITDA margin 96.4%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years.
Court records list 1 case involving the company, including 1 filed against it. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹22.96 Cr; the latest was in July 2015. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Gorantla Systems India Private Limited with revenue of ₹2.24 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saxobank.com.
Company details
Name history
Saxo India has undergone 5 name changes throughout its history. The current legal name is Saxo India Private Limited.
| Company Name | Status |
|---|---|
| Saxo India Private Limited | Current |
| Kring Technologies India Private Limited | Previous |
| Initto Technologies India Private Limited | Previous |
| Saxo It India Private Limited | Previous |
| Continuum Information Technologies Private Limited | Previous |
| Continuum Information Technology Private Limited | Previous |
Contact details
Saxo India Private Limited's registered office is in New Delhi, Delhi. Its website is saxobank.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressL – 61A 2nd Floor Connaught Circus, New Delhi, Delhi, India – 110001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Saxo India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Saxo India Private Limited
FY 2025 filings availableSaxo India Private Limited reported revenue of ₹2.23 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over three years, including 12% growth in the latest year. EBITDA rose 13% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.15 Cr | ||||
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| Net Profit (PAT) | ₹1.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 96.4% | ||||
| Net Profit Margin | 71.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Saxo India Private Limited, buy the company report.
Board of directors of Saxo India Private Limited
Saxo India has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lotte Pind Also directs: Saxo Group India Private Limited | Director | 13 Jul 2021 | 5 Years 3 Months | Current |
| Rahool Suhas Joshi Also directs: Saxo Group India Private Limited | Director | 30 Jul 2024 | 2 Years 3 Months | Current |
| Rakhi Aswal | Director | 30 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Saxo India Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gorantla Systems India Private Limited | ₹2.24 Cr (FY 2020) | 31.0% | Coimbatore, Tamil Nadu, India | |||
| Agdova Technologies Private Limited | ₹2.24 Cr (FY 2025) | -6.0% | Faridabad, Haryana, India | |||
| Landangen Software Private Limited | ₹2.24 Cr (FY 2024) | 57.0% | Bangalore, Karnataka, India | |||
| Futurenet Private Limited | ₹2.24 Cr (FY 2017) | -37.0% | Ahmedabad, Gujarat, India | |||
| Exim Infotek (India) Private Limited | ₹2.23 Cr (FY 2025) | -17.0% | Jaipur, Rajasthan, India | |||
| Saxo India Private Limitedthis company | ₹2.23 Cr (FY 2025) | ₹1.59 Cr | 71.2% | 12.0% | New Delhi, Delhi, India | |
| Kriyatec IT Systems Private Limited | ₹2.23 Cr (FY 2025) | -13.0% | Chennai, Tamil Nadu, India | |||
| Techlene Software Solutions Private Limited | ₹2.23 Cr (FY 2025) | -38.0% | Indore, Madhya Pradesh, India | |||
| Hilton Software Technologies Private Limited | ₹2.22 Cr (FY 2024) | 24.0% | Hyderabad, Telangana, India | |||
| Sonus Software Solutions Private Limited | ₹2.22 Cr (FY 2024) | -7.0% | Hyderabad, Telangana, India | |||
| MPM Infosoft Private Limited | ₹2.22 Cr (FY 2025) | -1.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Saxo India Private Limited, buy the company report.
Auditor
Saxo India Private Limited is audited by Vikram Kapoor & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vikram Kapoor & Co | FY 2023 | 025679N |
Shareholding
The shareholding of Saxo India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saxo India Private Limited, buy the company report.
Deals & funding
Saxo India Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹22.96 Cr; the latest was in July 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Saxo Bank As Seller: an individual |
| Aug 2010 | Funding round | ₹19.56 Cr | Investors: an individual |
| Apr 2009 | Funding round | ₹3.4 Cr | Investors: Investment Fund For Developing Countries (Ifu), an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Kring Technologies |
To see the full deal history of Saxo India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saxo India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Tax appeal | Filed against the company by Principal Commissioner of Income Tax, Delhi-8, New Delhi | Disposed |
To see the full case history of Saxo India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saxo India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saxo India Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Saxo India has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Saxo India Private Limited, buy the company report.
Recent activity
Saxo India Private Limited has 22 board changes on record since 2006: 3 appointments and 19 cessations. The latest: Rahool Suhas Joshi ceased to be Additional Director on 29 Sep 2024.
13 earlier events are in the company report.
Frequently asked questions
Saxo India is an active private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 May 2003 (23+ years old) and is registered under CIN U72900DL2003PTC120602.
Saxo India has 3 current directors:
- Lotte Pind - Director
- Rahool Suhas Joshi - Director
- Rakhi Aswal - Director
The latest financial statements of Saxo India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Saxo India has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Saxo India is U72900DL2003PTC120602. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saxo India has 1 court case on record: 1 filed against it.
Saxo India was incorporated on 29 May 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
Saxo India has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹22.96 Cr; the latest was in July 2015.
The peers of Saxo India by revenue are Gorantla Systems India Private Limited, Agdova Technologies Private Limited, Landangen Software Private Limited, Futurenet Private Limited, Exim Infotek (India) Private Limited and 5 more, all in the Information Technology industry (Application Development).
Rahool Suhas Joshi ceased to be Additional Director on 29 Sep 2024. Rahool Suhas Joshi was appointed as Director on 30 Jul 2024. Rakhi Aswal was appointed as Director on 30 Jul 2024. Saxo India has 22 board changes on record in total.
Saxo India can be reached through the website saxobank.com. Its registered office is in New Delhi, Delhi, India.
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