About Dover India Private Limited
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Dover India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Dover (Schweiz) Holding Gmb. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 25 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29141KA1994PTC054955. Its GSTIN is 29AAACI3920N1ZC (Karnataka). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Indswep Energy Systems Pvt Ltd. It is led by directors Tushar Banerjee (Managing Director) and Prashanth Santhanam (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bagmane Laurel 1st Floor Block C Bagmane Tech Park C.V. Raman Nagar, Bangalore, Karnataka, India – 560093.
As per the financials filed for FY 2025, the company reported a revenue of ₹694.03 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹139.89 Cr (net margin 20.2%) and EBITDA of ₹210.35 Cr (EBITDA margin 30.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
The company has about 930 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 15 cases involving the company, including 10 filed by the company and 5 filed against it; 5 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2021. The company has 23 MSME Form 1 returns on record between 2018 and 2024, listing 3,195 overdue payments to 165 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pdpumpsindia.com.
Company details
CIN history
Dover India has one previous CIN (Corporate Identification Number): U29141PN1994PTC077334. The current CIN is U29141KA1994PTC054955, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29141KA1994PTC054955 | Current |
| U29141PN1994PTC077334 | Previous |
Contact details
Dover India Private Limited's registered office is in Bangalore, Karnataka. Its website is pdpumpsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBagmane Laurel 1st Floor Block C Bagmane Tech Park C.V. Raman Nagar, Bangalore, Karnataka, India – 560093
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Dover 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 activities of Dover India are manufacturing, information and communication and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, publishing of computer operating systems, system software, application software, games, etc. and wholesale trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Dover India Private Limited, buy the company report.
Financials of Dover India Private Limited
FY 2025 filings availableDover India Private Limited reported revenue of ₹694.03 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over three years, including 8% growth in the latest year. EBITDA rose 21% 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 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 | ₹694.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹210.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹139.89 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.3% | ||||
| Net Profit Margin | 20.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Dover India Private Limited, buy the company report.
Board of directors of Dover India Private Limited
Dover India has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Banerjee | Managing Director | 28 Jan 2022 | 4 Years 9 Months | Current |
| Prashanth Santhanam | Whole-Time Director | 14 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Dover India Private Limited is audited by Price Waterhouse Chartered Accountants for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Dover 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 Dover India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 1999 | 90082601 | Vijaya Bank-Camp Branch | ₹50 Lakh | Open |
To see the full charge records of Dover India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Dover India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Dover Engineered Products Segment Inc, Dover (Schweiz) HOLDING GmbH Seller: Dover (Switzerland) Holding LLC, Dover Engineered Systems Inc |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Dover Engineered Systems Inc Seller: Dover Diversified Inc |
| Mar 2006 | Funding round | ₹4 Cr | Investors: Dover (Switzerland) Holding LLC, Dover Diversified Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dover India Private Limited has 15 court cases on record: 10 filed by Dover India, 5 filed against it. 5 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 2 | 3 |
| District courts | 7 | 3 | 2 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Shop Aid Engineering Services Pvt Ltd | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by Deputy Commissioner of Income Tax | Pending |
| District court, BENGALURU, Karnataka | Court case (REF) | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income- Tax, and 1 other | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against The State of Karnataka and 4 others | Pending |
To see the full case history of Dover India Private Limited, buy the company report.
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.
MSME payment delays
Dover India Private Limited has 23 MSME Form 1 returns on record between 2018 and 2024, listing 3,195 overdue payments to 165 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 165)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sterling Industries | |||
| Brasstech Engineering Private Limited | |||
| T G Products | |||
| an individual supplier | |||
| Soman Industries |
To see the full MSME payment records of Dover India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Dover India Private Limited has a workforce of 930 employees on its EPFO records as of Sep 24, 2025, across 3 active EPFO establishments.
GST
Dover India has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI3920N1ZC | Karnataka | Active | 01 Jul 2017 |
| 29AAACI3920N2ZB | Karnataka | Active | 22 Dec 2017 |
| 24AAACI3920N1ZM | Gujarat | Active | 01 Jul 2017 |
| 27AAACI3920N1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dover India Private Limited, buy the company report.
Recent activity
Dover India Private Limited has 18 board changes on record since 2007: 3 appointments and 15 cessations. The latest: Prashanth Santhanam ceased to be Managing Director on 28 Jan 2022.
11 earlier events are in the company report.
Frequently asked questions
Dover India is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 25 March 1994 (32+ years old) and is registered under CIN U29141KA1994PTC054955.
Dover India has 2 current directors:
- Tushar Banerjee - Managing Director
- Prashanth Santhanam - Whole-Time Director
The latest financial statements of Dover India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Dover India is 29AAACI3920N1ZC, registered in Karnataka. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAACI3920N2ZB (Karnataka), 24AAACI3920N1ZM (Gujarat), 27AAACI3920N1ZG (Maharashtra).
The CIN (Corporate Identification Number) of Dover India is U29141KA1994PTC054955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dover India has 15 court cases on record: 10 filed by the company and 5 filed against it. 5 are pending. Most are in the high courts.
Dover India was incorporated on 25 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
Dover India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2021.
Prashanth Santhanam ceased to be Managing Director on 28 Jan 2022. Tushar Banerjee was appointed as Managing Director on 28 Jan 2022. Dean Anthony Santucci ceased to be Director on 16 Oct 2020. Dover India has 18 board changes on record in total.
Dover India has 23 MSME Form 1 returns on record between 2018 and 2024, listing 3,195 overdue payments to 165 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Dover India can be reached through the website pdpumpsindia.com. Its registered office is in Bangalore, Karnataka, India.
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