Athena BPO Private Limited

Athena BPO Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U51900MH1993PTC070252 Incorporated 01 January 1993 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company business outsourcing MSME · Medium
Data last updated
Revenue · FY 2025
₹140.17 Cr
▼ 6% YoY
Net profit · FY 2025
₹14.89 Cr
Net margin 10.6%
EBITDA · FY 2025
₹34.86 Cr
EBITDA margin 24.9%
Authorised capital
₹1.9 Cr
Registered with MCA
Paid-up capital
₹52.8 Lakh
Issued & subscribed
Satisfied charges
₹63.25 Cr
No open charges
Company age
33 yrs
Est. 1993
Employees · EPFO
3,396
Provident fund records

About Athena BPO Private Limited

Data last updated:

Athena BPO Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Updater Services Limited. It operates in the business process outsourcing sector. It was incorporated on 01 January 1993 and has been in existence for over 33 years.

Its director Raghunandana Tangirala and family are #1,673 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1993PTC070252. Its GSTIN is 27AABCA6983E2ZK (Maharashtra). The company holds 6 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹1.9 Cr and a paid-up capital of ₹52.8 Lakh. It was formerly known as Eternia Bpo Private Limited and Andromeda Bpo Private Limited. It is led by directors including Elizabeth Jacob (Whole-Time Director) and Nagesh Parameshwarayya Rao (Whole-Time Director).

Its last annual general meeting (AGM) was held on 20 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 123 Creative Industrial Premises Sunder Nagar Kalina Santacruz, Mumbai, Maharashtra, India – 400098.

As per the financials filed for FY 2025, the company reported a revenue of ₹140.17 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹14.89 Cr (net margin 10.6%) and EBITDA of ₹34.86 Cr (EBITDA margin 24.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.

The company has about 3,396 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Athena BPO. As per MCA filings, the company has satisfied charges of ₹63.25 Cr on record. Court records list 27 cases involving the company, including 9 filed by the company and 18 filed against it; 2 cases are pending. The company has 12 deals on record (9 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹20 Cr; the latest was in December 2022. The company has 7 MSME Form 1 returns on record between 2019 and 2021, listing 389 overdue payments to 31 micro and small suppliers.

Athena BPO Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0037300). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website athenabpo.com.

Company details

CIN U51900MH1993PTC070252
Registration Number 070252
Incorporation Date 01 January 1993
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 May 2025
Date of Balance Sheet 31 March 2025
Parent Company Updater Services Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0037300

Name history

Athena BPO has undergone 3 name changes throughout its history. The company was previously known as Eternia Bpo Private Limited, Andromeda Bpo Private Limited, and Andromeda Marketing Private Limited. The current legal name is Athena Bpo Private Limited.

Company NameStatus
Athena BPO Private LimitedCurrent
Eternia Bpo Private LimitedPrevious
Andromeda Bpo Private LimitedPrevious
Andromeda Marketing Private LimitedPrevious
Key People
Elizabeth Jacob Whole-Time Director Nagesh Parameshwarayya Rao Whole-Time Director Snehashish Bhattacharjee Director

Recognitions & Rankings of Athena BPO

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0037300

Contact details

Athena BPO Private Limited's registered office is in Mumbai, Maharashtra. Its website is athenabpo.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    athenabpo.com
  • Social Media
  • Registered Address
    123 Creative Industrial Premises Sunder Nagar Kalina Santacruz, Mumbai, Maharashtra, India – 400098
  • Industry
    Business Outsourcing, Business Process Outsourcing

To see the full contact details of Athena BPO Private Limited, buy the company report.

Comprehensive company report
Athena BPO Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Athena BPO operates one associated brand: Athena BPO. Each brand links to its own profile.

BrandDescriptionWebsite
Athena BPO
Business process outsourcing services are provided from Mumbai, India.athenabpo.com

Business activity

The main business activity of Athena BPO is information and communication. In detail, this covers other information & communication service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ8Other information & communication service activities

To see the full business activity and turnover split of Athena BPO Private Limited, buy the company report.

Financials of Athena BPO Private Limited

FY 2025 filings available

Athena BPO Private Limited reported revenue of ₹140.17 Cr (down 6% YoY) for FY 2025.

Revenue · FY 2025
₹140.17 Cr ▼ 6%
Net profit · FY 2025
₹14.89 Cr margin 10.6%
EBITDA · FY 2025
₹34.86 Cr margin 24.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 7%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 3%
5 years · compounded
▲ 12%

Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 1% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹34.86 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹14.89 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin24.9%
Net Profit Margin10.6%
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

To see the full financial statements and ratios of Athena BPO Private Limited, buy the company report.

Board of directors of Athena BPO Private Limited

Athena BPO has 7 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Snehashish Bhattacharjee
Also directs: Denave India Private Limited, Matrix Business Services India Private Limited
Director23 Dec 20223 Years 10 MonthsCurrent
Elizabeth Jacob
Also directs: Athena Call Centre Services Private Limited, Denave India Private Limited
Whole-Time Director02 Aug 199927 Years 2 MonthsCurrent
Muralidharan Madhavan Vellore
Also directs: Matrix Business Services India Private Limited, Tekion India Private Limited, Southern India Chamber of Commerce & Industry
Director10 Nov 20232 Years 11 MonthsCurrent
Nagesh Parameshwarayya Rao
Also directs: Athena Call Centre Services Private Limited
Whole-Time Director20 Mar 201313 Years 7 MonthsCurrent
Raghunandana Tangirala
Also directs: Denave India Private Limited, Matrix Business Services India Private Limited, Updater Services Limited and 5 more
Director30 Apr 20242 Years 6 MonthsCurrent
Jigyasa Sharma
Also directs: Denave India Private Limited, Updater Services Limited, Fusion Foods and Catering Private Limited and 2 more
Director29 Jan 20242 Years 9 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Athena BPO Private Limited is audited by Sukhbi r & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Sukhbi r & AssociatesFY 2023132961W

Shareholding

The shareholding of Athena BPO 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Athena BPO Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹63.25 Cr
Breakdown by lending institutions
Citibank N. A.₹30.00 Cr
Yes Bank Limited₹12.00 Cr
Kotak Mahindra Bank Limited₹10.00 Cr
Citibank N.A.₹10.00 Cr
Citibank N.A₹0.50 Cr
Others₹0.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Jan 201310400709Kotak Mahindra Bank Limited₹6 CrSatisfied
22 May 201210363769Kotak Mahindra Bank Limited₹4 CrSatisfied
18 Jun 201010234288Yes Bank Limited₹12 CrSatisfied
18 Mar 200810102736Citibank N. A.₹15 CrSatisfied
21 Aug 200710108193Citibank N.A.₹10 CrSatisfied

To see the full charge records of Athena BPO Private Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Athena BPO Private Limited has 12 deals on record (9 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹20 Cr; the latest was in December 2022.

Total deals
12
Secondary share transfers
9
Rights issues
2
Funding round
1
Disclosed funding
₹20 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Dec 2022Secondary share transferUndisclosedBuyer: Updater Services Limited
Seller: 4 individuals
May 2022Secondary share transferUndisclosedSeller: 3 individuals
Oct 2020Secondary share transferUndisclosedSeller: 3 individuals
Aug 2019Secondary share transferUndisclosedSeller: 3 individuals
May 2018Secondary share transferUndisclosedSeller: 3 individuals

To see the full deal history of Athena BPO Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Athena BPO Private Limited has 7 MSME Form 1 returns on record between 2019 and 2021, listing 389 overdue payments to 31 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 31)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
L A Technologies Private Limited
Anshutech Airconditioning Private Limited

To see the full MSME payment records of Athena BPO Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Athena BPO has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Athena Call Centre Services Private LimitedU72900MH2004PTC150161

To see the full group structure of Athena BPO Private Limited, buy the company report.

Employees & EPFO

Athena BPO Private Limited has a workforce of 3,396 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.

Employee count
3,396
Active EPFO establishments
2
Employee growth
-10.42%

GST

Athena BPO has 6 GST registrations: 2 active and 4 cancelled or inactive.

Total GSTINs
6
Active
2
Cancelled / inactive
4
GSTINStateStatusRegistered on
27AABCA6983E2ZKMaharashtraActive01 Jul 2017
29AABCA6983E1ZHKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Athena BPO Private Limited, buy the company report.

Recent activity

Athena BPO Private Limited has 28 board changes on record since 1999: 7 appointments and 21 cessations. The latest: Jigyasa Sharma ceased to be Additional Director on 13 Jun 2024.

AGM
Athena Bpo Private Limited last Annual general meeting of members was held on 20 May 2025 as per latest MCA records.
Filing
Athena Bpo Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Jigyasa Sharma ceased to be Additional Director.
Ceased
Muralidharan Madhavan Vellore ceased to be Additional Director.
Ceased
Raghunandana Tangirala ceased to be Additional Director.
Appointed
Raghunandana Tangirala was appointed as Director.
Appointed
Jigyasa Sharma was appointed as Director.
Appointed
Muralidharan Madhavan Vellore was appointed as Director.
Ceased
Amit Choudhary ceased to be Additional Director.
Ceased
Balaji Swaminathan ceased to be Additional Director.
Ceased
Padmanabhan Sankararaman ceased to be Additional Director.
Ceased
Sangeeta Sumesh ceased to be Additional Director.

45 earlier events are in the company report.

News

UDS acquires majority stake in Athena BPO
18 Jan 2023 · Businessfortnight

Frequently asked questions

Athena BPO is an active private limited company based in Mumbai, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 01 January 1993 (33+ years old) and is registered under CIN U51900MH1993PTC070252.

Athena BPO has 7 current directors:

The latest financial statements of Athena BPO on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 May 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Athena BPO is 27AABCA6983E2ZK, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 29AABCA6983E1ZH (Karnataka).

The CIN (Corporate Identification Number) of Athena BPO is U51900MH1993PTC070252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Athena BPO has 27 court cases on record: 9 filed by the company and 18 filed against it. 2 are pending. Most are in the district courts.

Athena BPO was incorporated on 01 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.

Athena BPO has 12 deals on record (9 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹20 Cr; the latest was in December 2022.

Jigyasa Sharma ceased to be Additional Director on 13 Jun 2024. Muralidharan Madhavan Vellore ceased to be Additional Director on 13 Jun 2024. Raghunandana Tangirala ceased to be Additional Director on 13 Jun 2024. Athena BPO has 28 board changes on record in total.

Yes, Athena BPO is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0037300).

Athena BPO has 7 MSME Form 1 returns on record between 2019 and 2021, listing 389 overdue payments to 31 micro and small suppliers. The latest return was filed on 29 Jun 2021.