About Aspire Systems (India) Private Limited
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Aspire Systems (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 04 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U40300TN1998PTC046943. Its GSTIN is 33AACCA4543M1ZQ (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹5.26 Lakh. It is led by directors Pylore Sridhar Subramanian and Krishnan Vaidyanathan.
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 Old No.4 New No.7 II Trustlink Road Mandaveli, Chennai, Tamil Nadu, India – 600028.
As per the financials filed for FY 2025, the company reported a revenue of ₹762.27 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹95.41 Cr (net margin 12.5%) and EBITDA of ₹142.19 Cr (EBITDA margin 18.7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Aspire Systems. As per MCA filings, the company has open charges of ₹1.2 Cr and satisfied charges of ₹40 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aspiresys.com.
Company details
CIN history
Aspire Systems (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40300TN1998PTC046943, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300TN1998PTC046943 | Current |
| U40300TN2001PTC046943 | Previous |
| U72200TN2001PTC046943 | Previous |
Contact details
Aspire Systems (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is aspiresys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No.4 New No.7 II Trustlink Road Mandaveli, Chennai, Tamil Nadu, India – 600028
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Aspire Systems (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
Aspire Systems (India) operates one associated brand: Aspire Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT consulting, software engineering, cloud services, and digital solutions globally. | aspiresys.com |
Business activity
The main business activity of Aspire Systems (India) 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 Aspire Systems (India) Private Limited, buy the company report.
Financials of Aspire Systems (India) Private Limited
FY 2025 filings availableAspire Systems (India) Private Limited reported revenue of ₹762.27 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 27% 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 | ₹142.19 Cr | ||||
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| Net Profit (PAT) | ₹95.41 Cr | ||||
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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 | 18.7% | ||||
| Net Profit Margin | 12.5% | ||||
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To see the full financial statements and ratios of Aspire Systems (India) Private Limited, buy the company report.
Board of directors and KMP of Aspire Systems (India) Private Limited
Aspire Systems (India) Private Limited currently reports 2 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thiruvengadam Giridharan | Cfo | 01 Apr 2024 | 2 Years 7 Months | Current |
| Krishnan Vaidyanathan Also directs: Aspire Systems Digital Private Limited, Pearltri Foods Private Limited, Dorado Energy Private Limited and 4 more | Additional Director | 07 Oct 2025 | 1 Years 0 Months | Current |
| Pylore Sridhar Subramanian Also directs: Aspire Systems Digital Private Limited | Director | 26 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Aspire Systems (India) Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (Software 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 |
|---|---|---|---|---|---|---|
| Innovatiview India Limited | ₹835.29 Cr (FY 2025) | 29.0% | Delhi, India | |||
| Mindsprint Digital (India) Private Limited | ₹810.31 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Commvault Systems (India) Private Limited | ₹771.8 Cr (FY 2025) | 26.0% | Hyderabad, Telangana, India | |||
| Aspire Systems (India) Private Limitedthis company | ₹762.27 Cr (FY 2025) | ₹95.41 Cr | 12.5% | -25.0% | Chennai, Tamil Nadu, India | |
| Tally Solutions Private Limited | ₹746.58 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Ibs Software Services Private Limited | ₹743.61 Cr (FY 2017) | -8.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Aspire Systems (India) Private Limited, buy the company report.
Auditor
Aspire Systems (India) Private Limited is audited by B S R & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Aspire Systems (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 Aspire Systems (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2021 | 100463072 | State Bank of India | ₹1.2 Cr | Open | |
| 23 Aug 2011 | 10383816 | State Bank of India | ₹16.2 Cr | Satisfied | |
| 09 Oct 2006 | 10033806 | Indian Bank | ₹12.3 Cr | Satisfied | |
| 26 May 2006 | 80016159 | Indian Bank | ₹2.5 Cr | Satisfied | |
| 26 May 2006 | 80016158 | Indian Bank | ₹4 Cr | Satisfied |
To see the full charge records of Aspire Systems (India) Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Aspire Systems (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Aspire Systems (India) Private Limited was last rated by Crisil on 21 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Sep 2021 |
To see the full credit ratings and regulatory alerts of Aspire Systems (India) Private Limited, buy the company report.
MSME payment delays
Aspire Systems (India) Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mountain Trail Foods Private Limited | |||
| Veneshvara Tradez Private Limited |
To see the full MSME payment records of Aspire Systems (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aspire Systems (India) has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aspire Systems Digital Private Limited | U72200KL2008PTC036639 |
To see the full group structure of Aspire Systems (India) Private Limited, buy the company report.
GST
Aspire Systems (India) has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCA4543M1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aspire Systems (India) Private Limited, buy the company report.
Recent activity
Aspire Systems (India) Private Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Krishnan Vaidyanathan was appointed as Additional Director on 07 Oct 2025.
18 earlier events are in the company report.
News
Frequently asked questions
Aspire Systems (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 04 August 1998 (28+ years old) and is registered under CIN U40300TN1998PTC046943.
Aspire Systems (India) has 3 current directors and KMP:
- Krishnan Vaidyanathan - Additional Director
- Pylore Sridhar Subramanian - Director
- Thiruvengadam Giridharan - Cfo
The latest financial statements of Aspire Systems (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.
The GSTIN of Aspire Systems (India) is 33AACCA4543M1ZQ, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Aspire Systems (India) is U40300TN1998PTC046943. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspire Systems (India) was incorporated on 04 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Aspire Systems (India) by revenue are Innovatiview India Limited, Mindsprint Digital (India) Private Limited, Commvault Systems (India) Private Limited, Tally Solutions Private Limited, Ibs Software Services Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Krishnan Vaidyanathan was appointed as Additional Director on 07 Oct 2025. Arun John ceased to be Director on 14 Oct 2024. Thiruvengadam Giridharan was appointed as CFO on 01 Apr 2024. Aspire Systems (India) has 9 board changes on record in total.
Aspire Systems (India) has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Aspire Systems (India) can be reached through the website aspiresys.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Aspire Systems (India) is at Old No.4 New No.7 II Trustlink Road Mandaveli, Chennai, Tamil Nadu, India – 600028.
Aspire Systems (India) operates in the information technology industry, in the software development and support services segment.
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