About Estel Technologies Private Limited
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Estel Technologies Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 22 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899HR1995PTC053199. Its GSTIN is 06AAACS2249C1ZT (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.55 Cr. It was formerly known as Estel Telecom Limited and Suman Syscom Private Limited. It is led by directors including Deepak Luthra (Whole-Time Director) and Raj Hajela.
Its last annual general meeting (AGM) was held on 30 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Estel House Plot No. 126 Sector – 44 Institutional Area, Gurgaon, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.11 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.84 Cr (net margin 6.1%) and EBITDA of ₹3.28 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
The company has about 133 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Estel Technologies. As per MCA filings, the company has satisfied charges of ₹14.05 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esteltelecom.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressEstel House Plot No. 126 Sector – 44 Institutional Area, Gurgaon, Haryana, India – 122002
- IndustryFinancial Services, Digital Payment Solutions
- 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 Estel Technologies Private Limited
The main business activity of Estel Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| 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 Estel Technologies Private Limited FY 2025 filings available
Estel Technologies Private Limited reported revenue of ₹30.11 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Estel Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 6% growth in the latest year. EBITDA rose 86% 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 Estel Technologies 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.28 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.84 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Estel Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.1% | •••• | •••• | •••• | •••• |
| 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 Estel Technologies 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.
Peer Comparison of Estel Technologies Private Limited
Estel Technologies Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ocl Tech Platforms Limited | ₹33.25 Cr (FY 2025) | •••• | •••• | 1801.0% | •••• | New Delhi, Delhi, India |
| Innopay Technologies Private Limited | ₹32.52 Cr (FY 2024) | •••• | •••• | 149.0% | •••• | Bangalore, Karnataka, India |
| Cardot Info Solutions Private Limited | ₹31.86 Cr (FY 2023) | •••• | •••• | -44.0% | •••• | Dibai Bulandshahr, Uttar Pradesh, India |
| Virtual Wallet Systems Private Limited | ₹31.73 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | New Delhi, Delhi, India |
| Payglocal Technologies Private Limited | ₹31.7 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Bengaluru, Karnataka, India |
| Estel Technologies Private Limited this company | ₹30.11 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Gurgaon, Haryana, India |
| Alot Digital Solutions India Private Limited | ₹29.09 Cr (FY 2024) | •••• | •••• | 141.0% | •••• | Mumbai, Maharashtra, India |
| Saral E-Commerce Private Limited | ₹28.97 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Lucknow, Uttar Pradesh, India |
| Chaseout Technologies Private Limited | ₹28.26 Cr (FY 2025) | •••• | •••• | 474.0% | •••• | Chennai, Tamil Nadu, India |
| Transaction Analysts (India) Private Limited | ₹28.17 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
| Payabhi Payments Private Limited | ₹27.28 Cr (FY 2022) | •••• | •••• | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Estel Technologies by revenue in the BFSI industry (Payment Solution Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Estel Technologies Private Limited
Estel Technologies Private Limited is audited by H S Rustagi and Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H S Rustagi and Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Estel Technologies Private Limited
Estel Technologies Private Limited currently reports 4 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Luthra | Whole-Time Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Raj Hajela Also directs: Lily Tech Sol Private Limited, Atlanta Capital Private Limited, Estel Technologies Private Limited and 1 more | Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Dhruv Hajela Also directs: Lily Tech Sol Private Limited, Atlanta Capital Private Limited, Estel Technologies Private Limited and 1 more | Director | 25 Jan 2024 | 2 Years 8 Months | Current |
| Mahesh Chandra Agarwala Also directs: Lily Tech Sol Private Limited, Atlanta Capital Private Limited | Cfo | 30 May 2025 | 1 Years 4 Months | Current |
| Shalini Hajela Also directs: Lily Tech Sol Private Limited, Atlanta Capital Private Limited, Estel Technologies Private Limited and 2 more | Director | 14 Sep 2020 | 6 Years 0 Months | Current |
Ownership and Shareholding of Estel Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Estel Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Mar 2006 | Small Industries Development Bank of India | ₹2.7 Cr | Satisfied |
| 22 Jul 2005 | Icici Bank Limited | ₹85 Lakh | Satisfied |
| 23 Oct 2001 | The United Western Bank Limited | ₹9.25 Cr | Satisfied |
| 15 Feb 1999 | The United Western Bank Ltd | ₹1.25 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Estel Technologies Private Limited
Estel Technologies Private Limited has 5 court cases on record: 2 filed by Estel Technologies, 2 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 28 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Agra, Uttar Pradesh | Civil suit | Company is another party | Disposed |
| High Court of Delhi | Tax appeal | Filed against the company by Commissioner of Income Tax Delhi IV | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed by the company | Disposed |
| High Court of Delhi | Court case (CO.APPL.(M)) | Filed by the company | Disposed |
| Allahabad High Court | Court case (STRED) | Filed against the company by Commissioner Trade Tax U.P | Disposed |
Full case history
All 5 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.
Associated Brands with Estel Technologies Private Limited
Estel Technologies operates one associated brand: Estel Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| White-label mPoS solutions are provided for mobile payment acceptance. | esteltelecom.com |
Employees and EPFO Compliance at Estel Technologies Private Limited
Estel Technologies Private Limited has a workforce of 133 employees as of Apr 08, 2024.
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.
Name History of Estel Technologies Private Limited
Estel Technologies has undergone 3 name changes throughout its history. The company was previously known as Estel Telecom Limited, Suman Syscom Private Limited, and Estel Telecom Private Limited. The current legal name is Estel Technologies Private Limited.
| Company Name | Status |
|---|---|
| Estel Technologies Private Limited | Current |
| Estel Telecom Limited | Previous |
| Suman Syscom Private Limited | Previous |
| Estel Telecom Private Limited | Previous |
CIN History of Estel Technologies Private Limited
Estel Technologies has one previous CIN (Corporate Identification Number): U74899DL1995PTC065699. The current CIN is U74899HR1995PTC053199, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899HR1995PTC053199 | Current |
| U74899DL1995PTC065699 | Previous |
Recent Activity on Estel Technologies Private Limited
Estel Technologies Private Limited has 13 board changes on record since 2005: 5 appointments and 8 cessations. The latest: Mahesh Chandra Agarwala was appointed as CFO on 30 May 2025.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Estel Technologies 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 Estel Technologies 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 Estel Technologies 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 Estel Technologies Private Limited
Estel Technologies has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACS2249C1ZT | Haryana | 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 Estel Technologies 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 Estel Technologies Private Limited
Estel Technologies is an active private limited company based in Gurgaon, Haryana, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 22 February 1995 (31+ years old) and is registered under CIN U74899HR1995PTC053199.
Estel Technologies reported revenue of ₹30.11 Cr for FY 2025 (up 6% YoY).
Estel Technologies has 5 current directors and KMP:
- Deepak Luthra - Whole-Time Director
- Raj Hajela - Director
- Dhruv Hajela - Director
- Shalini Hajela - Director
- Mahesh Chandra Agarwala - Cfo
Estel Technologies reported a net profit of ₹1.84 Cr (net margin 6.1%) and EBITDA of ₹3.28 Cr (EBITDA margin 10.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Estel Technologies is 4% over three years and 8% 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 Estel Technologies is 06AAACS2249C1ZT, registered in Haryana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Estel Technologies is U74899HR1995PTC053199. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Estel Technologies has 5 court cases on record: 2 filed by the company and 2 filed against it. Most are in the high courts.
Estel Technologies was incorporated on 22 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Estel Technologies by revenue are Ocl Tech Platforms Limited, Innopay Technologies Private Limited, Cardot Info Solutions Private Limited, Virtual Wallet Systems Private Limited, Payglocal Technologies Private Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Mahesh Chandra Agarwala was appointed as CFO on 30 May 2025. Dhruv Hajela ceased to be Additional Director on 31 Mar 2024. Dhruv Hajela was appointed as Director on 25 Jan 2024. Estel Technologies has 13 board changes on record in total.