About Target Corporation India Private Limited
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Target Corporation India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Target Corporation. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 26 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2004PTC033455. Its GSTIN is 29AAECA8990N1ZS (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹6.26 Cr. It was formerly known as Ansr Source Private Limited and Target Services India Private Limited. It is led by directors including Arun Arvind Kulkarni and Andrea Lynn Zimmerman.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C2 Manyata Embassy Business Park – SEZ Unit Nagawara Hobli Outer Ring Road Hebbal, Bangalore, Karnataka, India – 560045.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,791.3 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹312.5 Cr (net margin 11.2%) and EBITDA of ₹624.4 Cr (EBITDA margin 22.4%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 21% over five years.
The company has about 4,482 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Target in India. Court records list 7 cases involving the company, including 7 filed against it; 5 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹23.22 Cr; the latest was in August 2011. Its 4 peer companies in the Outsourcing industry (Application Development, Diversified BPO, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 1 larger and 3 smaller; the largest is Aricent Technologies (Holdings) Limited with revenue of ₹2,857.7 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 12 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website india.target.com.
Company details
Name history
Target Corporation India has undergone 3 name changes throughout its history. The company was previously known as Ansr Source Private Limited, Target Services India Private Limited, and Target Technology Services India Private Limited. The current legal name is Target Corporation India Private Limited.
| Company Name | Status |
|---|---|
| Target Corporation India Private Limited | Current |
| Ansr Source Private Limited | Previous |
| Target Services India Private Limited | Previous |
| Target Technology Services India Private Limited | Previous |
Contact details
Target Corporation India Private Limited's registered office is in Bangalore, Karnataka. Its website is india.target.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC2 Manyata Embassy Business Park – SEZ Unit Nagawara Hobli Outer Ring Road Hebbal, Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of Target Corporation 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
Target Corporation India operates one associated brand: Target in India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Startups across sectors are accelerated by Target-backed program in India. | india.target.com |
Business activity
The main business activity of Target Corporation India is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Target Corporation India Private Limited, buy the company report.
Financials of Target Corporation India Private Limited
FY 2025 filings availableTarget Corporation India Private Limited reported revenue of ₹2,791.3 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 18% growth in the latest year. EBITDA fell 34% 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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| Total Expenses | |||||
| EBITDA | ₹624.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹312.5 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.4% | ||||
| Net Profit Margin | 11.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Target Corporation India Private Limited, buy the company report.
Board of directors of Target Corporation India Private Limited
Target Corporation India has 6 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Arvind Kulkarni | Director | 28 Apr 2022 | 4 Years 6 Months | Current |
| Andrea Lynn Zimmerman | Director | 08 Oct 2024 | 2 Years 1 Months | Current |
| Navita Rajesh Chaubal | Director | 15 Jul 2021 | 5 Years 3 Months | Current |
| Visagan Subburayalu | Director | 15 Jul 2025 | 1 Years 3 Months | Current |
| Sireesha Chemalamudi | Director | 15 Jul 2025 | 1 Years 3 Months | Current |
| Manish Shah | Additional Director | 12 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Target Corporation India Private Limited is compared with the 4 companies closest to it by revenue in the Outsourcing industry (Application Development, Diversified BPO, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aricent Technologies (Holdings) Limited | ₹2,857.7 Cr (FY 2022) | 9.0% | Navi Mumbai, Maharashtra, India | |||
| Target Corporation India Private Limitedthis company | ₹2,791.3 Cr (FY 2025) | ₹312.5 Cr | 11.2% | 18.0% | 4,482 | Bangalore, Karnataka, India |
| Ca (India) Technologies Private Limited | ₹2,770.93 Cr (FY 2025) | 32.0% | Bangalore, Karnataka, India | |||
| Abb Global Industries and Services Private Limited | ₹2,752.87 Cr (FY 2025) | -12.0% | Bengaluru, Karnataka, India | |||
| Hitachi Systems India Private Limited | ₹2,724.03 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Target Corporation India Private Limited, buy the company report.
Auditor
Target Corporation India Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Target Corporation 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 Target Corporation India Private Limited, buy the company report.
Deals & funding
Target Corporation India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹23.22 Cr; the latest was in August 2011.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2011 | Secondary share transfer | Undisclosed | Seller: Target Corporation |
| Jan 2011 | Secondary share transfer | Undisclosed | Seller: Target Corporation |
| Jul 2006 | Funding round | ₹23.22 Cr | Investors: Target Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Target Corporation India Private Limited has 7 court cases on record: 7 filed against it. 5 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 4 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR. Commissioner of | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR Commissioner of Income Tax-7 | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR Commissioner of Income Tax - 7 | Pending |
| Supreme Court | Court case (0303-Direct Taxes Matter : Other matters under Income Tax act, 1961) | Filed against the company by PR. Commissioner of Income Tax 7 PR. Commissioner of Income Tax 7 C.R. Building, Queens Road, Bangalore ,Bangalore , Karnataka and 1 other | Disposed |
To see the full case history of Target Corporation 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
Target Corporation India Private Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 12 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Parsons Corporate Solutions | |||
| an individual supplier | |||
| Verifacts Services Private Limited | |||
| Akshaya Corporate Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Target Corporation India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Target Corporation India Private Limited has a workforce of 4,482 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Target Corporation India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECA8990N1ZS | Karnataka | Active | 01 Jul 2017 |
| 29AAECA8990N2ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Target Corporation India Private Limited, buy the company report.
Recent activity
Target Corporation India Private Limited has 40 board changes on record since 2007: 9 appointments and 31 cessations. The latest: Manish Shah was appointed as Additional Director on 12 Dec 2025.
31 earlier events are in the company report.
News
Frequently asked questions
Target Corporation India is an active 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 26 February 2004 (22+ years old) and is registered under CIN U72900KA2004PTC033455.
Target Corporation India has 6 current directors:
- Arun Arvind Kulkarni - Director
- Andrea Lynn Zimmerman - Director
- Navita Rajesh Chaubal - Director
- Visagan Subburayalu - Director
- Sireesha Chemalamudi - Director
- Manish Shah - Additional Director
The latest financial statements of Target Corporation India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Target Corporation India is 29AAECA8990N1ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAECA8990N2ZR (Karnataka).
The CIN (Corporate Identification Number) of Target Corporation India is U72900KA2004PTC033455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Corporation India has 7 court cases on record: 7 filed against it. 5 are pending. Most are in the high courts.
Target Corporation India was incorporated on 26 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Target Corporation India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹23.22 Cr; the latest was in August 2011.
The peers of Target Corporation India by revenue are Aricent Technologies (Holdings) Limited, Ca (India) Technologies Private Limited, Abb Global Industries and Services Private Limited, Hitachi Systems India Private Limited, all in the Outsourcing industry (Application Development, Diversified BPO, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Manish Shah was appointed as Additional Director on 12 Dec 2025. Sireesha Chemalamudi was appointed as Director on 15 Jul 2025. Visagan Subburayalu was appointed as Director on 15 Jul 2025. Target Corporation India has 40 board changes on record in total.
Target Corporation India has 5 MSME Form 1 returns on record between 2019 and 2022, listing 12 overdue payments to 7 micro and small suppliers. The latest return was filed on 24 Sep 2023.
Target Corporation India can be reached through the website india.target.com. Its registered office is in Bangalore, Karnataka, India.
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