About Basware India Private Limited
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Basware India Private Limited is a foreign private limited company based in Chandigarh, India, a subsidiary of Basware Oy. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72900CH2012FTC033907. Its GSTIN is 04AAFCB0838H1Z0 (Chandigarh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sanjeev Kumar and Martti Tapani Nurminen.
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 Ground Floor Tower – A DLF IT Park, Chandigarh, India – 160101.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.67 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹8.39 Cr (net margin 9.7%) and EBITDA of ₹13.21 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
The company has about 446 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Basware. Court records list 3 cases involving the company, including 1 filed against it; 2 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2024. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Multicoreware India Private Limited with revenue of ₹89.73 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website basware.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressGround Floor Tower – A DLF IT Park, Chandigarh, India – 160101
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Basware India Private Limited
The main business activity of Basware India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Basware India Private Limited FY 2025 filings available
Basware India Private Limited reported revenue of ₹86.67 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Basware India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 1% growth 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 Basware India 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 | ₹13.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.39 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 of Basware India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.7% | •••• | •••• | •••• | •••• |
| 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 Basware India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Basware India Private Limited
Basware India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Multicoreware India Private Limited | ₹89.73 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Pronteff IT Solutions Private Limited | ₹89.34 Cr (FY 2025) | •••• | •••• | 208.0% | •••• | Hyderabad, Telangana, India |
| Solifi Software India Private Limited | ₹88.91 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Gravitas Technology Private Limited | ₹88.66 Cr (FY 2023) | •••• | •••• | 38.0% | •••• | Ahmedabad, Gujarat, India |
| Blue Whale Advisory Services Private Limited | ₹87.45 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Basware India Private Limited this company | ₹86.67 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Chandigarh, India |
| Tungsten Development Private Limited | ₹86.67 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Hyderabad, Telangana, India |
| Geekyants India Private Limited | ₹86.21 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Bangalore, Karnataka, India |
| Intelligencenode Consulting Private Limited | ₹85.6 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Twinstar Industries Limited Listed | ₹85.55 Cr (FY 2019) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| Crmit Solutions Private Limited | ₹85.54 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Basware India by revenue in the Information Technology industry (Application Development), 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 Basware India Private Limited
Basware India Private Limited is audited by S. R. BATLIBOI & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. R. BATLIBOI & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Basware India Private Limited
Basware India has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Kumar | Director | 23 Jan 2020 | 6 Years 8 Months | Current |
| Martti Tapani Nurminen | Director | 11 Mar 2020 | 6 Years 7 Months | Current |
| Jason Mark Kurtz | Director | 28 Mar 2024 | 2 Years 6 Months | Current |
Ownership and Shareholding of Basware India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Basware India Private Limited
Basware India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Basware India Private Limited
Basware India Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Basware Corporation |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: Basware International OY Seller: an individual |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Basware India Private Limited
Basware India Private Limited has 3 court cases on record: 1 filed against it, 2 where it is another party. 2 cases are pending and 1 is disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Fazilka, Punjab | Civil suit | Company is another party | Pending |
| District court, Yamunanagar, Haryana | Court case (SUCC) | Company is another party | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Basware India Private Limited
Basware India operates one associated brand: Basware. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud and AI-based purchase-to-pay solutions are provided to businesses. | basware.com |
Employees and EPFO Compliance at Basware India Private Limited
Basware India Private Limited has a workforce of 446 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Basware India Private Limited
Recent Activity on Basware India Private Limited
Basware India Private Limited has 16 board changes on record since 2013: 3 appointments and 13 cessations. The latest: Jason Mark Kurtz ceased to be Additional Director on 29 Sep 2024.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Basware India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Basware India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Basware India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Basware India Private Limited
Basware India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAFCB0838H1Z0 | Chandigarh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Basware India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Basware India Private Limited
Basware India is an active foreign private limited company based in Chandigarh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 July 2012 (14+ years old) and is registered under CIN U72900CH2012FTC033907.
Basware India reported revenue of ₹86.67 Cr for FY 2025 (up 1% YoY).
Basware India has 3 current directors:
- Sanjeev Kumar - Director
- Martti Tapani Nurminen - Director
- Jason Mark Kurtz - Director
Basware India reported a net profit of ₹8.39 Cr (net margin 9.7%) and EBITDA of ₹13.21 Cr (EBITDA margin 15.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Basware India is 11% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Basware India is 04AAFCB0838H1Z0, registered in Chandigarh.
The CIN (Corporate Identification Number) of Basware India is U72900CH2012FTC033907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basware India has 3 court cases on record: 1 filed against it. 2 are pending. Most are in the district courts.
Basware India was incorporated on 10 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chandigarh.
Basware India has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
The peers of Basware India by revenue are Multicoreware India Private Limited, Pronteff IT Solutions Private Limited, Solifi Software India Private Limited, Gravitas Technology Private Limited, Blue Whale Advisory Services Private Limited and 5 more, all in the Information Technology industry (Application Development).