About Syndigo India Private Limited
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Syndigo India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Syndigo Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017FTC106763. Its GSTIN is 29AAICR5482J1ZQ (Karnataka).
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹2 Lakh. It is led by directors Alan Thomas O Halloran and Mukundan Ramani.
Its last annual general meeting (AGM) was held on 26 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1 Ibc Knowledge Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹97.86 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹10.97 Cr (net margin 11.2%) and EBITDA of ₹16.97 Cr (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 17% over five years.
The company has about 308 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Riversand Technologies and Syndigo. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹10.83 Cr; the latest was in June 2018. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is First Games Technology Private Limited with revenue of ₹98.51 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 riversand.com.
Company details
Contact details
Syndigo India Private Limited's registered office is in Bangalore, Karnataka. Its website is riversand.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 4/1 Ibc Knowledge Park Tower – C5Th Floor Bannerghatta Main Road, Bhavani, Bangalore, Karnataka, India – 560029
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of Syndigo 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
Brands
Syndigo India operates two associated brands: Riversand Technologies and Syndigo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based platform for data management | riversand.com | |
| Cloud-based data management solutions for commerce enterprises are provided. | syndigo.com |
Business activity
The main business activity of Syndigo India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Syndigo India Private Limited, buy the company report.
Financials of Syndigo India Private Limited
FY 2024 filings availableSyndigo India Private Limited reported revenue of ₹97.86 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 5% growth in the latest year. EBITDA rose 18% 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 | ₹16.97 Cr | ||||
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| Net Profit (PAT) | ₹10.97 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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| EBITDA Margin | 17.3% | ||||
| Net Profit Margin | 11.2% | ||||
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To see the full financial statements and ratios of Syndigo India Private Limited, buy the company report.
Board of directors of Syndigo India Private Limited
Syndigo India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alan Thomas O Halloran | Director | 08 Nov 2021 | 4 Years 11 Months | Current |
| Mukundan Ramani | Director | 28 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Syndigo India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| First Games Technology Private Limited | ₹98.51 Cr (FY 2025) | -56.0% | New Delhi, Delhi, India | |||
| Terrapay Solutions India Private Limited | ₹98.17 Cr (FY 2023) | 160.0% | Bangalore, Karnataka, India | |||
| Healthedge Software Private Limited | ₹98.12 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Array Networks India Private Limited | ₹98.01 Cr (FY 2024) | 41.0% | Bangalore, Karnataka, India | |||
| Cloud Kinetics Technology Solutions Private Limited | ₹97.91 Cr (FY 2025) | 17.0% | Chennai, Tamil Nadu, India | |||
| Syndigo India Private Limitedthis company | ₹97.86 Cr (FY 2025) | ₹10.97 Cr | 11.2% | 5.0% | 308 | Bangalore, Karnataka, India |
| Ani Media Private Limited | ₹97.53 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Senrysa Technologies Limited | ₹97.15 Cr (FY 2025) | 30.0% | Kolkata, West Bengal, India | |||
| Hoonar Tekwurks Private Limited | ₹96.91 Cr (FY 2024) | 6.0% | Pune, Maharashtra, India | |||
| Sysinformation Healthcare India Private Limited | ₹96.87 Cr (FY 2025) | 33.0% | Mysore, Karnataka, India | |||
| Stantec Resourcenet (India) Private Limited | ₹96.65 Cr (FY 2021) | 11.0% | Pune, Maharashtra, India |
To see the full peer comparison of Syndigo India Private Limited, buy the company report.
Shareholding
The shareholding of Syndigo 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 Syndigo India Private Limited, buy the company report.
Deals & funding
Syndigo India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹10.83 Cr; the latest was in June 2018.
To see the full deal history of Syndigo 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
Syndigo 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 |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Syndigo 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 Syndigo India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Syndigo India Private Limited has a workforce of 308 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Syndigo India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICR5482J1ZQ | Karnataka | Active | 19 Apr 2018 |
To see the full GST registrations and return filing status of Syndigo India Private Limited, buy the company report.
Recent activity
Syndigo India Private Limited has 12 board changes on record since 2017: 7 appointments and 5 cessations. The latest: Parul Tayal Rehani ceased to be Director on 10 Dec 2024.
3 earlier events are in the company report.
News
Frequently asked questions
Syndigo India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 September 2017 (9+ years old) and is registered under CIN U72900KA2017FTC106763.
Syndigo India has 2 current directors:
- Alan Thomas O Halloran - Director
- Mukundan Ramani - Director
The latest financial statements of Syndigo India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 August 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Syndigo India is 29AAICR5482J1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Syndigo India is U72900KA2017FTC106763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syndigo India has 1 court case on record: 1 filed against it.
Syndigo India was incorporated on 27 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Syndigo India has 1 deal on record (1 funding round), with disclosed funding of ₹10.83 Cr; the latest was in June 2018.
The peers of Syndigo India by revenue are First Games Technology Private Limited, Terrapay Solutions India Private Limited, Healthedge Software Private Limited, Array Networks India Private Limited, Cloud Kinetics Technology Solutions Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Parul Tayal Rehani ceased to be Director on 10 Dec 2024. Mukundan Ramani was appointed as Director on 28 Aug 2024. Anil Dayanand Kini ceased to be Director on 11 Nov 2021. Syndigo India has 12 board changes on record in total.
Syndigo India can be reached through the website riversand.com. Its registered office is in Bangalore, Karnataka, India.
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