About Blackhawk Network (India) Private Limited
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Blackhawk Network (India) Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Blackhawk Network (Singapore) Pte. Ltd. It operates in the business support services segment of the business services sector. It was incorporated on 13 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017FTC210341. Its GSTIN is 29AAHCB2324E1ZZ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.25 Cr. It is led by directors including Ricky Glen Lopis and Aravind Prasad Kanumuru.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹172.95 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹14.45 Cr (net margin 8.4%) and EBITDA of ₹24.55 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 63% over five years.
The company has about 424 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Blackhawk Network. The company has 1 deal on record (1 rights issue); the latest was in April 2018. Its 10 peer companies in the Business Services industry (Customer Loyalty Solutions) are compared by revenue, 5 larger and 5 smaller; the largest is Accentiv (India) Private Limited with revenue of ₹777.49 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 blackhawknetwork.com.
- EmailLocked
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- WebsiteLocked
- Social Media
- Registered AddressVaswani Oakmont Unit No.201 202 301 302 Plot No.10 & 11, Challaghatta Village Varthur Hobli, Bangalore, Karnataka, India – 560071
- IndustryBusiness Services, Business 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 Blackhawk Network (India) Private Limited
The main business activities of Blackhawk Network (India) are support service to organizations and information and communication. In detail, this covers other support services to organizations and publishing of computer operating systems, system software, application software, games, etc.. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
| 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 Blackhawk Network (India) Private Limited FY 2025 filings available
Blackhawk Network (India) Private Limited reported revenue of ₹172.95 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Blackhawk Network (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 63% over five years, including 6% growth in the latest year. EBITDA rose 5% 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 Blackhawk Network (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 | ₹24.55 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.45 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 Blackhawk Network (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.4% | •••• | •••• | •••• | •••• |
| 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 Blackhawk Network (India) are in the company report.
Financial statements from FY 2017
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 Blackhawk Network (India) Private Limited
Blackhawk Network (India) Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Customer Loyalty Solutions). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Accentiv (India) Private Limited | ₹777.49 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Chennai, Tamil Nadu, India |
| Loylty Rewardz Management Private Limited | ₹515.93 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Qwikcilver Solutions Private Limited | ₹322.31 Cr (FY 2022) | •••• | •••• | 61.0% | •••• | Delhi, India |
| O.C.Tanner India Private Limited | ₹263.81 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Jet Privilege Private Limited | ₹253.34 Cr (FY 2023) | •••• | •••• | -43.0% | •••• | Mumbai, Maharashtra, India |
| Blackhawk Network (India) Private Limited this company | ₹172.95 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Mastercard Loyalty Solutions India Private Limited | ₹156.3 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Mumbai, Maharashtra, India |
| Amritsar Smart City Limited | ₹146.72 Cr (FY 2022) | •••• | •••• | 110.0% | •••• | Amritsar, Punjab, India |
| Nexus Innovative Solutions Private Limited | ₹144 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Chennai, Tamil Nadu, India |
| Loyalty Solutions & Research Private Limited | ₹81.42 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| Easyrewardz Software Services Private Limited | ₹74.21 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Blackhawk Network (India) by revenue in the Business Services industry (Customer Loyalty Solutions), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Blackhawk Network (India) Private Limited
Blackhawk Network (India) has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ricky Glen Lopis Also directs: Rybbon Digital Rewards India Private Limited | Director | 16 Aug 2023 | 3 Years 1 Months | Current |
| Aravind Prasad Kanumuru Also directs: Rybbon Digital Rewards India Private Limited | Director | 29 Sep 2023 | 3 Years 0 Months | Current |
| Rushendra Babu Guntur Also directs: Rybbon Digital Rewards India Private Limited | Director | 06 Sep 2023 | 3 Years 1 Months | Current |
Charges & Borrowings of Blackhawk Network (India) Private Limited
Blackhawk Network (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Blackhawk Network (India) Private Limited
Blackhawk Network (India) Private Limited has 1 deal on record (1 rights issue); the latest was in April 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Rights issue | ₹2.2 Cr | Investors: Blackhawk Network Pte Limited, Blackhawk Network Pty Limited |
Full deal history
All 1 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.
Associated Brands with Blackhawk Network (India) Private Limited
Blackhawk Network (India) operates one associated brand: Blackhawk Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Prepaid cards for employee financial benefits are provided. | blackhawknetwork.com |
Employees and EPFO Compliance at Blackhawk Network (India) Private Limited
Employment history and EPFO contributions of people linked to Blackhawk Network (India).
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.
CIN History of Blackhawk Network (India) Private Limited
Blackhawk Network (India) has one previous CIN (Corporate Identification Number): U74999MH2017FTC289575. The current CIN is U74999KA2017FTC210341, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999KA2017FTC210341 | Current |
| U74999MH2017FTC289575 | Previous |
News related to Blackhawk Network (India) Private Limited
Recent Activity on Blackhawk Network (India) Private Limited
Blackhawk Network (India) Private Limited has 14 board changes on record since 2018: 3 appointments and 11 cessations. The latest: Aravind Prasad Kanumuru ceased to be Additional Director on 19 Sep 2024.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Blackhawk Network (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 Blackhawk Network (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 Blackhawk Network (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 Blackhawk Network (India) Private Limited
Blackhawk Network (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCB2324E1ZZ | Karnataka | Active | 08 Nov 2019 |
| 27AAHCB2324E1Z3 | Maharashtra | Active | 06 Jan 2018 |
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 Blackhawk Network (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 Blackhawk Network (India) Private Limited
Blackhawk Network (India) is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in business support services, within the business services industry. It was incorporated on 13 January 2017 (9+ years old) and is registered under CIN U74999KA2017FTC210341.
Blackhawk Network (India) reported revenue of ₹172.95 Cr for FY 2025 (up 6% YoY).
Blackhawk Network (India) has 3 current directors:
- Ricky Glen Lopis - Director
- Aravind Prasad Kanumuru - Director
- Rushendra Babu Guntur - Director
Blackhawk Network (India) reported a net profit of ₹14.45 Cr (net margin 8.4%) and EBITDA of ₹24.55 Cr (EBITDA margin 14.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Blackhawk Network (India) is 13% over three years and 63% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Blackhawk Network (India) is 29AAHCB2324E1ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAHCB2324E1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Blackhawk Network (India) is U74999KA2017FTC210341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blackhawk Network (India) was incorporated on 13 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Blackhawk Network (India) has 1 deal on record (1 rights issue); the latest was in April 2018.
The peers of Blackhawk Network (India) by revenue are Accentiv (India) Private Limited, Loylty Rewardz Management Private Limited, Qwikcilver Solutions Private Limited, O.C.Tanner India Private Limited, Jet Privilege Private Limited and 5 more, all in the Business Services industry (Customer Loyalty Solutions).
Aravind Prasad Kanumuru ceased to be Additional Director on 19 Sep 2024. Rushendra Babu Guntur ceased to be Additional Director on 19 Sep 2024. Aravind Prasad Kanumuru was appointed as Director on 29 Sep 2023. Blackhawk Network (India) has 14 board changes on record in total.