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About Belwo Services (India) Private Limited
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Belwo Services (India) Private Limited is a foreign private limited company based in Mohali, Punjab, India, a subsidiary of Belwo Inc. Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72900PB2016FTC045607. Its GSTIN is 03AAGCB8297H1ZG (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rasneet Kaur Kanwar and Tejindra Kaur Kanwar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot #730 Jlpl Industrial Park Sector 82 Mohali, Punjab, India – 160055.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.23 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹64.81 Lakh (net margin 3.6%) and EBITDA of ₹1.66 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 32% over five years.
The company has about 164 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Belwo.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website belwo.com.
Company details
Contact details
Belwo Services (India) Private Limited's registered office is in Mohali, Punjab. Its website is belwo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot #730 Jlpl Industrial Park Sector 82 Mohali, Punjab, India – 160055
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Belwo Services (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
Business activity
The main business activity of Belwo Services (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 Belwo Services (India) Private Limited, buy the company report.
Financials of Belwo Services (India) Private Limited
FY 2024 filings availableBelwo Services (India) Private Limited reported revenue of ₹18.23 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 13% growth in the latest year. EBITDA fell 13% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.66 Cr | ||||
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| Net Profit (PAT) | ₹64.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Belwo Services (India) Private Limited, buy the company report.
Board of directors of Belwo Services (India) Private Limited
Belwo Services (India) has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasneet Kaur Kanwar | Director | 09 Aug 2018 | 8 Years 2 Months | Current |
| Tejindra Kaur Kanwar | Director | 10 Aug 2016 | 10 Years 2 Months | Current |
| Suresh Swamy | Director | 22 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Belwo Services (India) Private Limited is compared with the 9 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Trbhi Consulting India Private Limited | ₹18.25 Cr (FY 2024) | 93.0% | Coimbatore, Tamil Nadu, India | |||
| Dvara Solutions Private Limited | ₹18.25 Cr (FY 2025) | 14.0% | Chennai, Tamil Nadu, India | |||
| Fineshift Software Private Limited | ₹18.24 Cr (FY 2024) | 347.0% | Pune, Maharashtra, India | |||
| Webmobril Technologies Private Limited | ₹18.23 Cr (FY 2025) | 1.0% | Noida, Uttar Pradesh, India | |||
| Aspiris Lead Flow Private Limited | ₹18.23 Cr (FY 2025) | 69.0% | Kanpur, Uttar Pradesh, India | |||
| Belwo Services (India) Private Limitedthis company | ₹18.23 Cr (FY 2024) | ₹64.81 Lakh | 3.6% | 13.0% | 164 | Mohali, Punjab, India |
| Inscripts (I) Private Limited | ₹18.23 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Qtonz Infosoft Private Limited | ₹18.21 Cr (FY 2025) | 1669.0% | Rajkot, Gujarat, India | |||
| Shri Suparna Infotech Limited | ₹18.2 Cr (FY 2024) | -59.0% | Hyderabad, Telangana, India | |||
| Genisys Integrating Systems (India) Private Limited | ₹18.16 Cr (FY 2025) | -8.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Belwo Services (India) Private Limited, buy the company report.
Auditor
Belwo Services (India) Private Limited is audited by SUDESH GOEL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDESH GOEL & ASSOCIATES | FY 2023 | 009289N |
Shareholding
The shareholding of Belwo Services (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 Belwo Services (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Belwo Services (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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Belwo Services (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Belwo Services (India) Private Limited has a workforce of 164 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Belwo Services (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCB8297H1ZG | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Belwo Services (India) Private Limited, buy the company report.
Recent activity
Belwo Services (India) Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Suresh Swamy ceased to be Additional Director on 29 Sep 2025.
Frequently asked questions
Belwo Services (India) is an active foreign private limited company based in Mohali, Punjab, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 August 2016 (10+ years old) and is registered under CIN U72900PB2016FTC045607.
Belwo Services (India) has 3 current directors:
- Rasneet Kaur Kanwar - Director
- Tejindra Kaur Kanwar - Director
- Suresh Swamy - Director
The latest financial statements of Belwo Services (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Belwo Services (India) is 03AAGCB8297H1ZG, registered in Punjab.
The CIN (Corporate Identification Number) of Belwo Services (India) is U72900PB2016FTC045607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Belwo Services (India) was incorporated on 10 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Belwo Services (India) by revenue are Trbhi Consulting India Private Limited, Dvara Solutions Private Limited, Fineshift Software Private Limited, Webmobril Technologies Private Limited, Aspiris Lead Flow Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Suresh Swamy ceased to be Additional Director on 29 Sep 2025. Suresh Swamy was appointed as Director on 22 Sep 2025. Gautamjit Singh Kanwar ceased to be Director on 03 Sep 2019. Belwo Services (India) has 7 board changes on record in total.
Belwo Services (India) can be reached through the website belwo.com. Its registered office is in Mohali, Punjab, India.
The registered office of Belwo Services (India) is at Plot #730 Jlpl Industrial Park Sector 82 Mohali, Punjab, India – 160055.
Belwo Services (India) operates in the information technology industry, in the application development and software solutions segment.
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