About Algonomy Software Private Limited
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Algonomy Software Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2003PTC033038. Its GSTIN is 29AADCM7750M1ZV (Karnataka).
The company has an authorised share capital of ₹39.1 Cr and a paid-up capital of ₹12.18 Cr. It was formerly known as Manthan Software Services Private Limited. It is led by directors including Atul Jalan (Managing Director) and William Pearce.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.40/4 First Floor Lavelle Road Bangalore., Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹310.23 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹123.03 Cr (net margin -39.7%) and EBITDA of -₹69.93 Cr (EBITDA margin -22.5%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 413 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Manthan and Algonomy. As per MCA filings, the company has open charges of ₹117.5 Cr and satisfied charges of ₹293.33 Cr on record. Court records list 31 cases involving the company, including 5 filed by the company and 26 filed against it; 12 cases are pending. The company has 25 deals on record (11 funding rounds, 10 debt financings, 3 secondary share transfers), with disclosed funding of ₹1,141.54 Cr; the latest was in December 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 3 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 manthan.com.
Company details
Contact details
Algonomy Software Private Limited's registered office is in Bangalore, Karnataka. Its website is manthan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.40/4 First Floor Lavelle Road Bangalore., Karnataka, India – 560001
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Algonomy Software 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
Algonomy Software operates two associated brands: Manthan and Algonomy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of AI-powered prescriptive analytics applications for retail and consumer businesses | manthan.com | |
| Customer data & analytics platform for retailers and brands | algonomy.com |
Business activity
The main business activity of Algonomy Software is information and communication. In detail, this covers computer programming, consultancy and related activities.
| 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 |
To see the full business activity and turnover split of Algonomy Software Private Limited, buy the company report.
Financials of Algonomy Software Private Limited
FY 2025 filings availableAlgonomy Software Private Limited reported revenue of ₹310.23 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 10% fall in the latest year. EBITDA fell 286% 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 | -₹69.93 Cr | ||||
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| Net Profit (PAT) | -₹123.03 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 | -22.5% | ||||
| Net Profit Margin | -39.7% | ||||
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To see the full financial statements and ratios of Algonomy Software Private Limited, buy the company report.
Board of directors of Algonomy Software Private Limited
Algonomy Software has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| William Pearce | Director | 29 Mar 2021 | 5 Years 7 Months | Current |
| Amol Agarwal | Additional Director | 07 Feb 2024 | 2 Years 9 Months | Current |
| Vishesh Shrivastav | Nominee Director | 04 Sep 2015 | 11 Years 2 Months | Current |
| Atul Jalan Also directs: Synergific Consulting Services LLP | Managing Director | 17 Dec 2003 | 22 Years 10 Months | Current |
Auditor
Algonomy Software Private Limited is audited by BSR & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Associates LLP | FY 2023 | 116231W/W-100024 |
Shareholding
The shareholding of Algonomy Software Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Algonomy Software Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101217614 | Others | ₹15 Cr | Open | |
| 04 Jul 2025 | 101186448 | Others | ₹25 Cr | Open | |
| 28 Mar 2024 | 100903366 | Others | ₹20 Cr | Open | |
| 06 Mar 2024 | 100934376 | Others | ₹25 Cr | Open | |
| 06 Mar 2024 | 100934383 | Others | ₹15 Cr | Open |
To see the full charge records of Algonomy Software Private Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Algonomy Software Private Limited has 25 deals on record (11 funding rounds, 10 debt financings, 3 secondary share transfers), with disclosed funding of ₹1,141.54 Cr; the latest was in December 2025.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Debt financing | ₹15 Cr | Investors: Blacksoil Group |
| Mar 2024 | Debt financing | ₹50 Cr | Investors: InnoVen Capital, Alteria Capital |
| Jul 2023 | Debt financing | ₹17.5 Cr | Investors: Blacksoil Group |
| Jul 2022 | Debt financing | ₹20 Cr | Investors: Blacksoil Group |
| Feb 2022 | Debt financing | ₹21 Cr | Investors: InnoVen Capital |
To see the full deal history of Algonomy Software 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
Algonomy Software Private Limited has 31 court cases on record: 5 filed by Algonomy Software, 26 filed against it. 12 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 18 | 8 |
| District courts | 11 | 7 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SBS Nagar, Punjab | Cheque dishonour complaint | Filed against the company by Shri Ram City Union Finance Ltd | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Equitas Small Finance Bank Ltd | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by Bses Rajdhani Power Ltd. | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by S.K Finance Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by an individual | Pending |
To see the full case history of Algonomy Software 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
Algonomy Software Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rabita Software | |||
| an individual supplier | |||
| Terrier Security Services (India) Private Limited |
To see the full MSME payment records of Algonomy Software Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Algonomy Software Private Limited has a workforce of 413 employees on its EPFO records as of Oct 11, 2024, across 1 active EPFO establishment.
GST
Algonomy Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCM7750M1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Algonomy Software Private Limited, buy the company report.
Recent activity
Algonomy Software Private Limited has 20 board changes on record since 2003: 5 appointments and 15 cessations. The latest: Amol Agarwal was appointed as Additional Director on 07 Feb 2024.
73 earlier events are in the company report.
News
Frequently asked questions
Algonomy Software 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 17 December 2003 (23+ years old) and is registered under CIN U72300KA2003PTC033038.
Algonomy Software has 4 current directors:
- Atul Jalan - Managing Director
- William Pearce - Director
- Amol Agarwal - Additional Director
- Vishesh Shrivastav - Nominee Director
The latest financial statements of Algonomy Software on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Algonomy Software is 29AADCM7750M1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Algonomy Software is U72300KA2003PTC033038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algonomy Software has 31 court cases on record: 5 filed by the company and 26 filed against it. 12 are pending. Most are in the high courts.
Algonomy Software was incorporated on 17 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Algonomy Software has 25 deals on record (11 funding rounds, 10 debt financings, 3 secondary share transfers), with disclosed funding of ₹1,141.54 Cr; the latest was in December 2025.
Amol Agarwal was appointed as Additional Director on 07 Feb 2024. Kavish Kavindra Kothari ceased to be Additional Director on 28 Oct 2022. Kavish Kavindra Kothari was appointed as Director on 28 Feb 2022. Algonomy Software has 20 board changes on record in total.
Algonomy Software has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 07 Jun 2019.
Algonomy Software can be reached through the website manthan.com. Its registered office is in Bangalore, Karnataka, India.
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