About HPSEDC
HPSEDC is a Technology company based in Shimla (India) founded in 1984. State entity for IT promotion, hardware supply, software development, and consultancy services. It operates on a B2B and Consulting model in Technology and Industrial Goods & Manufacturing sectors. The company has 38 employees. Its Indian entity Himachal Pradesh State Electronics Devp Corpn Ltd reported revenue of ₹162 Cr. HPSEDC offers products and services including Software Development, Computer Hardware Supply, Networking Solutions, CCTV Systems, and Manpower Outsourcing. Its focus areas include Information Technology, IT Services, Government IT and Procurement and Development. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
HPSEDC is a government corporation established in 1984 under the Companies Act, based in Shimla, India. It focuses on promoting computerization in state departments by procuring and supplying computer hardware, software, and electronics. The organization develops software packages, provides networking solutions, technical consultancy, and manpower outsourcing. It also supports IT industry growth through infrastructure development and services like CCTV installations.
- Headquarters Shimla, India
- Employees 38
- SectorsTechnologyIndustrial Goods & Manufacturing
- Website hpsedc.in
- Legal Name Himachal Pradesh State Electronics Devp Corpn Ltd
- Date of Incorporation 22 Oct, 1984
- Jurisdiction Shimla, Himachal Pradesh, India
- Annual Revenue₹162 Cr
FY 2023 · +201% YoY
- Net Profit₹6.72 Cr
FY 2023 · 4% margin
- EBITDA₹8.33 Cr
FY 2023 · 5% margin
- Employee Count38
Associated legal entities of HPSEDC
HPSEDC is associated with 2 registered companies on The Company Check; the primary company is Himachal Pradesh State Electronics Devp Corpn Ltd. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Himachal Pradesh State Electronics Devp Corpn Ltd CIN U78100HP1984SGC005992 | Active | 22 Oct 1984 | Shimla, Himachal Pradesh | ₹162 Cr | 38 | 4 | View details |
| Axis Bank Limited Listed CIN L65110GJ1993PLC020769 | Active | 03 Dec 1993 | Ahmedabad, Gujarat | ₹117,811 Cr | 93,874 | 15 | View details |
Products & Services of HPSEDC
HPSEDC offers a comprehensive portfolio of products and services, including Software Development, Computer Hardware Supply, Networking Solutions, CCTV Systems, and Manpower Outsourcing.
Creation of software packages for government and businesses.
Supply and procurement of computer hardware and electronics.
Installation and maintenance of networking systems.
Sale, installation, and maintenance of CCTV equipment.
Outsourcing of skilled manpower for IT needs.
Board of directors of Himachal Pradesh State Electronics Devp Corpn Ltd (HPSEDC)
Himachal Pradesh State Electronics Devp Corpn Ltd is the primary company behind HPSEDC. The boards of the 2 registered companies of HPSEDC currently have 17 directors; the longest-serving is Girish Srikrishna Paranjpe, appointed in 2018. 101 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Girish Srikrishna Paranjpe DIN 02172725 | Director | 02 Nov 2018 | 7 yrs 11 mo | Axis Bank Limited |
| Amitabh Chaudhry DIN 00531120 | Managing Director | 01 Jan 2019 | 7 yrs 9 mo | Axis Bank Limited |
| Meena Ganesh DIN 00528252 | Director | 01 Aug 2020 | 6 yrs 2 mo | Axis Bank Limited |
| Padmanabhan Gopalaraman DIN 07130908 | Director | 28 Oct 2020 | 5 yrs 11 mo | Axis Bank Limited |
| Prasad Parameswaranpillai Naga DIN 07430506 | Director | 20 Oct 2022 | 4 yrs | Axis Bank Limited |
| Seshabhadrasrinivasa Mallikarjunarao Chamarty DIN 07667641 | Director | 01 Feb 2023 | 3 yrs 8 mo | Axis Bank Limited |
| Subramanian Nurani Vishwanathan DIN 09568559 | Director | 30 May 2023 | 3 yrs 4 mo | Axis Bank Limited |
| Mini Ipe DIN 07791184 | Nominee Director | 29 Jul 2023 | 3 yrs 2 mo | Axis Bank Limited |
| Subrat Mohanty DIN 08679444 | Whole-time director | 17 Aug 2023 | 3 yrs 2 mo | Axis Bank Limited |
| Pranam Wahi DIN 00031914 | Director | 15 Feb 2024 | 2 yrs 8 mo | Axis Bank Limited |
| Munish Sharda DIN 06796060 | Whole-time director | 27 Feb 2024 | 2 yrs 7 mo | Axis Bank Limited |
| Nipun Jindal DIN 10738501 | Managing Director | 20 May 2024 | 2 yrs 5 mo | Himachal Pradesh State Electronics Devp Corpn Ltd |
| Yunus DIN 08601052 | Nominee Director | 20 Nov 2024 | 1 yr 11 mo | Himachal Pradesh State Electronics Devp Corpn Ltd |
| Kahlon Rakhil DIN 07654003 | Nominee Director | 20 Nov 2024 | 1 yr 11 mo | Himachal Pradesh State Electronics Devp Corpn Ltd |
| Virender Sharma DIN 07934524 | Managing Director | 07 Mar 2025 | 1 yr 7 mo | Himachal Pradesh State Electronics Devp Corpn Ltd |
| Neeraj Gambhir DIN 00257375 | Additional Director | 20 Oct 2025 | 1 yr | Axis Bank Limited |
| Malavika Ramanathan Harita DIN 09005600 | Director | 18 Dec 2025 | 10 mo | Axis Bank Limited |
Financials of HPSEDC
Figures of Himachal Pradesh State Electronics Devp Corpn Ltd, the primary company behind HPSEDC, for FY 2023. Revenue was ₹162 Cr (+201% year on year). Net profit was ₹6.72 Cr (4% margin). EBITDA was ₹8.33 Cr (5% margin). Revenue has grown at a compounded annual rate of +29% over three years and +25% over five years.
- ₹162 CrRevenue · FY 2023 · +201% YoY
- ₹6.72 CrNet profit · 4% margin
- ₹8.33 CrEBITDA · 5% margin
- ₹3.72 CrPaid-up capital
- 38Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Himachal Pradesh State Electronics Devp Corpn Ltd are on its company page.
Detailed financial statements for HPSEDC
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Competitors of HPSEDC
HPSEDC has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of HPSEDC
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Web traffic of HPSEDC
The website of HPSEDC (hpsedc.in) receives about 2.8K visits a month.
- Monthly visits2.8K
▼ 22.2% vs previous month
Top companies in Procurement & Supply Chain IT
2 companies that operate in the same segment as HPSEDC (Procurement & Supply Chain IT) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
Provider of working capital and supply chain finance solutions for businesses | 2017 | Mumbai, Maharashtra, India | USD 62 M | USD 2.85 M | 181 |
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Related news about Hpsedc
Complete news archive for HPSEDC
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Frequently Asked Questions about HPSEDC
HPSEDC was founded in 1984.
HPSEDC is headquartered in Shimla, India. It is registered at Shimla, Himachal Pradesh, India.
HPSEDC has 38 employees.
The primary company behind HPSEDC, Himachal Pradesh State Electronics Devp Corpn Ltd, reported revenue of ₹162 Cr for FY 2023, up 201% year on year.
HPSEDC is a government corporation established in 1984 under the Companies Act, based in Shimla, India. It focuses on promoting computerization in state departments by procuring and supplying computer hardware, software, and electronics. The organization develops software packages, provides networking solutions, technical consultancy, and manpower outsourcing. It also supports IT industry growth through infrastructure development and services like CCTV installations.
HPSEDC's top competitors include Happiest Minds and Datamatics.
HPSEDC offers Software Development, Computer Hardware Supply, Networking Solutions, CCTV Systems, and Manpower Outsourcing.
HPSEDC is associated with 2 legal entities: Himachal Pradesh State Electronics Devp Corpn Ltd, Axis Bank Limited.
The legal entities of HPSEDC currently have 19 directors, including Padmanabhan Gopalaraman, Girish Srikrishna Paranjpe, Amitabh Chaudhry and others.