MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-02-0116275
Targetbay Ecommerce Solutions Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.47 Cr
▲ 3% YoY
Net profit · FY 2025
₹2.53 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹13.57 Lakh
EBITDA margin 1.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
94
Provident fund records
Directors on board
4
As per MCA filings
About Targetbay Ecommerce Solutions Private Limited
Data last updated:
Targetbay Ecommerce Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Targetbay Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2016PTC113278. Its GSTIN is 33AAGCT0643P1Z4 (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mariappan Sathish Kumar and Paulswamy Pon Pandian.
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 Tek Meadows 2nd Floor Tower C 51 Sholinganallur Omr, Chennai, Tamil Nadu, India – 600119.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.47 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹2.53 Lakh (net margin 0.2%) and EBITDA of ₹13.57 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 31% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Targetbay.
Targetbay Ecommerce Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-02-0116275). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website targetbay.com.
Company Details of Targetbay Ecommerce Solutions Private Limited
CIN U72900TN2016PTC113278
Registration Number 113278
Incorporation Date 10 November 2016
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Targetbay Inc
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-02-0116275
Recognitions & Rankings of Targetbay Ecommerce Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressTek Meadows 2nd Floor Tower C 51 Sholinganallur Omr, Chennai, Tamil Nadu, India – 600119
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions operates one associated brand: Targetbay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers email and SMS marketing, review management, and loyalty programs for eCommerce brands. | targetbay.com |
Business Activity of Targetbay Ecommerce Solutions Private Limited
The main business activity of Targetbay Ecommerce Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Targetbay Ecommerce Solutions Private Limited FY 2025 filings available
Targetbay Ecommerce Solutions Private Limited reported revenue of ₹10.47 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹10.47 Cr ▲ 3%
Net profit · FY 2025
₹2.53 Lakh margin 0.2%
EBITDA · FY 2025
₹13.57 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR) of Targetbay Ecommerce Solutions Private Limited
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 18%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 16%
5 years · compounded
▲ 57%
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 3% growth in the latest year. EBITDA fell 20% 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 of Targetbay Ecommerce Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.53 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Targetbay Ecommerce Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Targetbay Ecommerce Solutions are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Verified entity values are shown only after access is granted.
Board of Directors of Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mariappan Sathish Kumar | Director | 10 Nov 2016 | 9 Years 11 Months | Current |
| Paulswamy Pon Pandian Also directs: Innoppl Technologies Private Limited | Director | 10 Nov 2016 | 9 Years 11 Months | Current |
| Syed Ansar | Director | 25 Apr 2024 | 2 Years 5 Months | Current |
| Frederick Nash Also directs: Innoppl IT Services Private Limited | Director | 13 Feb 2021 | 5 Years 8 Months | Current |
Peer Comparison of Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| North East Communications Private Limited | ₹10.53 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Guwahati, Assam, India |
| Petrokens Engineering and Services Private Limited | ₹10.53 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Villupuram, Tamil Nadu, India |
| Mtnlstpi IT Services Limited. | ₹10.52 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Mehla Brothers Private Limited | ₹10.52 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Jaipur, Rajasthan, India |
| Allied Infotainment Distribution Private Limited | ₹10.47 Cr (FY 2024) | •••• | •••• | -56.0% | •••• | New Delhi, Delhi, India |
| Targetbay Ecommerce Solutions Private Limited this company | ₹10.47 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Chennai, Tamil Nadu, India |
| Foundever Enterprises India Private Limited | ₹10.46 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Denovo Systems India Private Limited | ₹10.44 Cr (FY 2024) | •••• | •••• | 63.0% | •••• | Chennai, Tamil Nadu, India |
| Tez Minds Software Private Limited | ₹10.44 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Pune, Maharashtra, India |
| Gi Tech I Game India Private Limited | ₹10.44 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Chennai, Tamil Nadu, India |
| Optx India Private Limited | ₹10.43 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Sriperumbudur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Targetbay Ecommerce Solutions by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions Private Limited is audited by SELVAKUMAR S & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SELVAKUMAR S & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Targetbay Ecommerce Solutions Private Limited
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Charges & Borrowings of Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions Private Limited has a workforce of 94 employees as of Mar 30, 2024.
Employee count
94
Active EPFO establishments
1
Employee growth
27.03%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions Private Limited has 7 board changes on record since 2016: 4 appointments and 3 cessations. The latest: Syed Ansar was appointed as Director on 25 Apr 2024.
AGM
Targetbay Ecommerce Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Targetbay Ecommerce Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Appointed
Syed Ansar was appointed as Director.
Ceased
Frederick Nash ceased to be Additional Director.
Appointed
Frederick Nash was appointed as Director.
Ceased
Balakrishna ceased to be Additional Director.
Ceased
Govindarajan Karthick ceased to be Additional Director.
Appointed
Mariappan Sathish Kumar was appointed as Director.
Appointed
Paulswamy Pon Pandian was appointed as Director.
Incorporation
10 Nov 2016
Targetbay Ecommerce Solutions Private Limited was registered on 10 Nov 2016 with Roc Chennai & aged 9 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Targetbay Ecommerce Solutions Private Limited
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MSME Payment Delays by Targetbay Ecommerce Solutions Private Limited
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Subsidiaries & Group Companies of Targetbay Ecommerce Solutions Private Limited
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GST Compliance of Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCT0643P1Z4 | Tamil Nadu | Active | 25 Feb 2019 |
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MCA Filings & Documents of Targetbay Ecommerce Solutions Private Limited
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Related news about Targetbay Ecommerce Solutions Private Limited
Frequently Asked Questions about Targetbay Ecommerce Solutions Private Limited
Targetbay Ecommerce Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 November 2016 (10+ years old) and is registered under CIN U72900TN2016PTC113278.
Targetbay Ecommerce Solutions reported revenue of ₹10.47 Cr for FY 2025 (up 3% YoY).
Targetbay Ecommerce Solutions has 4 current directors:
- Mariappan Sathish Kumar - Director
- Paulswamy Pon Pandian - Director
- Syed Ansar - Director
- Frederick Nash - Director
Targetbay Ecommerce Solutions reported a net profit of ₹2.53 Lakh (net margin 0.2%) and EBITDA of ₹13.57 Lakh (EBITDA margin 1.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Targetbay Ecommerce Solutions is 18% over three years and 31% over five years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Targetbay Ecommerce Solutions is 33AAGCT0643P1Z4, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Targetbay Ecommerce Solutions is U72900TN2016PTC113278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Targetbay Ecommerce Solutions was incorporated on 10 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Targetbay Ecommerce Solutions by revenue are North East Communications Private Limited, Petrokens Engineering and Services Private Limited, Mtnlstpi IT Services Limited, Mehla Brothers Private Limited, Allied Infotainment Distribution Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Syed Ansar was appointed as Director on 25 Apr 2024. Frederick Nash ceased to be Additional Director on 30 Nov 2021. Frederick Nash was appointed as Director on 13 Feb 2021. Targetbay Ecommerce Solutions has 7 board changes on record in total.
Yes, Targetbay Ecommerce Solutions is registered as an MSME under Udyam registration (number: UDYAM-TN-02-0116275).