About Espressif Systems (India) Private Limited
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Espressif Systems (India) Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Lee Plus Plus (Hongkong) Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2018FTC174245. Its GSTIN is 27AAECE9031E1ZT (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kedar Suresh Sovani (Managing Director) and Amey Dattatraya Inamdar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Level 3 10 Agile M Sr. No. 32 Part 33 Pan Card Club Road Baner, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.92 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.9 Cr (net margin 3.6%) and EBITDA of ₹4.29 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 43% over five years.
The company has about 91 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Espressif. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website espressif.com.
Company details
Contact details
Espressif Systems (India) Private Limited's registered office is in Pune, Maharashtra. Its website is espressif.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLevel 3 10 Agile M Sr. No. 32 Part 33 Pan Card Club Road Baner, Pune, Maharashtra, India – 411045
- IndustryInformation Technology, Application Development & Software Solutions, IT Products Retail & Distribution
To see the full contact details of Espressif Systems (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
Brands
Espressif Systems (India) operates one associated brand: Espressif. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides wireless SOCs for Wi-Fi and Bluetooth in IOT Applications | espressif.com |
Business activity
The main business activity of Espressif Systems (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 Espressif Systems (India) Private Limited, buy the company report.
Financials of Espressif Systems (India) Private Limited
FY 2025 filings availableEspressif Systems (India) Private Limited reported revenue of ₹52.92 Cr (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 43%. EBITDA fell 47% 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 | ₹4.29 Cr | ||||
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| Net Profit (PAT) | ₹1.9 Cr | ||||
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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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| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Espressif Systems (India) Private Limited, buy the company report.
Board of directors of Espressif Systems (India) Private Limited
Espressif Systems (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amey Dattatraya Inamdar | Director | 10 Jan 2018 | 8 Years 9 Months | Current |
| Kedar Suresh Sovani Also directs: Twelfth Pyramid Properties LLP | Managing Director | 18 Apr 2022 | 4 Years 6 Months | Current |
| Swee Ann Teo | Director | 10 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Espressif Systems (India) Private Limited is audited by RUSHIKESH ANEKAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RUSHIKESH ANEKAR & ASSOCIATES | FY 2023 | 143507W |
Shareholding
The shareholding of Espressif Systems (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 Espressif Systems (India) Private Limited, buy the company report.
Legal cases
Espressif Systems (India) Private Limited has 1 court case on record: 1 filed by Espressif Systems (India). All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Smartworks Coworking Spaces Private Limited | Disposed |
To see the full case history of Espressif Systems (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
No delayed payments to MSME suppliers are on our record for Espressif Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Espressif Systems (India) Private Limited has a workforce of 91 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Espressif Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE9031E1ZT | Maharashtra | Active | 29 May 2018 |
To see the full GST registrations and return filing status of Espressif Systems (India) Private Limited, buy the company report.
Recent activity
Espressif Systems (India) Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Kedar Suresh Sovani was appointed as Managing Director on 18 Apr 2022.
News
Frequently asked questions
Espressif Systems (India) is an active foreign private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 January 2018 (8+ years old) and is registered under CIN U72900PN2018FTC174245.
Espressif Systems (India) has 3 current directors:
- Kedar Suresh Sovani - Managing Director
- Amey Dattatraya Inamdar - Director
- Swee Ann Teo - Director
The latest financial statements of Espressif Systems (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Espressif Systems (India) is 27AAECE9031E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Espressif Systems (India) is U72900PN2018FTC174245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Espressif Systems (India) has 1 court case on record: 1 filed by the company.
Espressif Systems (India) was incorporated on 10 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
Kedar Suresh Sovani was appointed as Managing Director on 18 Apr 2022. Kedar Suresh Sovani ceased to be Additional Director on 18 Apr 2022. Amey Dattatraya Inamdar was appointed as Director on 10 Jan 2018. Espressif Systems (India) has 4 board changes on record in total.
Espressif Systems (India) can be reached through the website espressif.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Espressif Systems (India) is at Level 3 10 Agile M Sr. No. 32 Part 33 Pan Card Club Road Baner, Pune, Maharashtra, India – 411045.
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