About Bristlecone India Limited
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Bristlecone India Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bristlecone Worldwide, Inc (Formerly Known As Bristlecone Limited). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U30007MH1991PTC064368. Its GSTIN is 27AAACM5186E1ZH (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹19.05 Cr. It was formerly known as Mahindra Consulting Limited and Network Software Private Limited. It is led by directors including Mohit Kapoor and Dhaval Jitendra Buch.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gateway Bldg Apollo Bunder, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹622.72 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹54.38 Cr (net margin 8.7%) and EBITDA of ₹85.99 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 2,411 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bristlecone. As per MCA filings, the company has open charges of ₹86.5 Cr and satisfied charges of ₹13 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bcone.com.
Name History of Bristlecone India Limited
Bristlecone India has undergone 3 name changes throughout its history. The company was previously known as Mahindra Consulting Limited, Network Software Private Limited, and Network Software Limited. The current legal name is Bristlecone India Limited.
| Company Name | Status |
|---|---|
| Bristlecone India Limited | Current |
| Mahindra Consulting Limited | Previous |
| Network Software Private Limited | Previous |
| Network Software Limited | Previous |
CIN History of Bristlecone India Limited
Bristlecone India has one previous CIN (Corporate Identification Number): U30007MH1991PLC064368. The current CIN is U30007MH1991PTC064368, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007MH1991PTC064368 | Current |
| U30007MH1991PLC064368 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressGateway Bldg Apollo Bunder, Mumbai, Maharashtra, India – 400001
- IndustryInformation Technology, 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
Associated Brands with Bristlecone India Limited
Bristlecone India operates one associated brand: Bristlecone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply chain services are provided via an AI-enabled platform. | bristlecone.com |
Business Activity of Bristlecone India Limited
The main business activity of Bristlecone India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Bristlecone India Limited FY 2025 filings available
Bristlecone India Limited reported revenue of ₹622.72 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bristlecone India Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 19% growth in the latest year. EBITDA rose 75% 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 Bristlecone India 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 | ₹85.99 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54.38 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bristlecone India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.7% | •••• | •••• | •••• | •••• |
| 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 Bristlecone 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.
Board of Directors of Bristlecone India Limited
Bristlecone India has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Kapoor Also directs: Mahindra Teqo Private Limited, Mahindra Accelo Limited | Director | 07 Feb 2022 | 4 Years 8 Months | Current |
| Dhaval Jitendra Buch | Director | 15 Apr 2024 | 2 Years 6 Months | Current |
| Divya Gulati Also directs: Illuminate Hybren Private Limited, Hazel Hybren Private Limited, Gelos Solren Private Limited and 5 more | Director | 15 Jan 2025 | 1 Years 9 Months | Current |
Peer Comparison of Bristlecone India Limited
Bristlecone India Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Valuelabs LLP | ₹651.29 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Hyderabad, Andhra Pradesh, India |
| Compass Group (India) Private Limited | ₹649.76 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Gurgaon, Haryana, India |
| Ramboll India Private Limited | ₹640.39 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Acs Global Tech Solutions Private Limited | ₹638.4 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Kanchipuram, Tamil Nadu, India |
| Mashreq Global Services Private Limited | ₹632.41 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Bristlecone India Limited this company | ₹622.72 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Aristocrat Technologies India Private Limited | ₹621.7 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Dadri, Uttar Pradesh, India |
| Coforge Business Process Solutions Private Limited | ₹618.5 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Pune, Maharashtra, India |
| Realpage India Private Limited | ₹594.02 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
| Uti Infrastructure Technology and Services Limited | ₹587.26 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Navi Mumbai, Maharashtra, India |
| Magellanic Cloud Limited Listed | ₹577.86 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Bristlecone India by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Bristlecone India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Sep 2018 | Others | ₹10 Cr | Open |
| 29 Dec 2004 | Axis Bank Limited | ₹76.5 Cr | Open |
| 24 Aug 2017 | Others | ₹1.5 Cr | Satisfied |
| 30 Mar 2011 | The Zoroastrian Co-Operative Bank Limited | ₹2 Cr | Satisfied |
| 29 Nov 2002 | The Zoroastrian Co-Operative Bank Limited | ₹2.5 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Bristlecone India Limited
Bristlecone India Limited has 10 court cases on record: 6 filed by Bristlecone India, 5 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| High courts | 5 | 2 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Ms Arete Services Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Reliance Communications Infrastructure Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Ms Indranil Securities Private Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by Mahindra Consulting Ltd | Disposed |
| Bombay High Court | Appeal | Filed by the company against And Mahindra Consul-Ting Ltd and 1 other | Disposed |
Full case history
All 10 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.
Employees and EPFO Compliance at Bristlecone India Limited
Employment history and EPFO contributions of people linked to Bristlecone 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.
Recent Activity on Bristlecone India Limited
Bristlecone India Limited has 20 board changes on record since 2007: 3 appointments and 17 cessations. The latest: Divya Gulati ceased to be Additional Director on 22 Jan 2025.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bristlecone India 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 Bristlecone India 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 Bristlecone India 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 Bristlecone India Limited
Bristlecone India has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5186E1ZH | Maharashtra | Active | 01 Jul 2017 |
| 27AAACM5186E2ZG | Maharashtra | Active | 23 Sep 2022 |
| 09AAACM5186E1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AAACM5186E1ZD | Karnataka | 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 Bristlecone India 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 Bristlecone India Limited
Bristlecone India is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 December 1991 (35+ years old) and is registered under CIN U30007MH1991PTC064368.
Bristlecone India reported revenue of ₹622.72 Cr for FY 2025 (up 19% YoY).
Bristlecone India has 3 current directors:
- Mohit Kapoor - Director
- Dhaval Jitendra Buch - Director
- Divya Gulati - Director
Bristlecone India reported a net profit of ₹54.38 Cr (net margin 8.7%) and EBITDA of ₹85.99 Cr (EBITDA margin 13.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bristlecone India is 16% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bristlecone India is 27AAACM5186E1ZH, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACM5186E2ZG (Maharashtra), 09AAACM5186E1ZF (Uttar Pradesh), 29AAACM5186E1ZD (Karnataka).
The CIN (Corporate Identification Number) of Bristlecone India is U30007MH1991PTC064368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bristlecone India has 10 court cases on record: 6 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Bristlecone India was incorporated on 10 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bristlecone India by revenue are Valuelabs LLP, Compass Group (India) Private Limited, Ramboll India Private Limited, Acs Global Tech Solutions Private Limited, Mashreq Global Services Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Divya Gulati ceased to be Additional Director on 22 Jan 2025. Divya Gulati was appointed as Director on 15 Jan 2025. Dhaval Jitendra Buch ceased to be Additional Director on 21 Apr 2024. Bristlecone India has 20 board changes on record in total.