Exela Technologies India Private Limited

Exela Technologies India Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U64202MH1999PTC119911 Incorporated 18 May 1999 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company business outsourcing MSME
Data last updated
Revenue · FY 2025
₹232.48 Cr
▲ 10% YoY
Net profit · FY 2025
₹24.27 Cr
Net margin 10.4%
EBITDA · FY 2025
₹38.2 Cr
EBITDA margin 16.4%
Authorised capital
₹90 Cr
Registered with MCA
Paid-up capital
₹8.87 Cr
Issued & subscribed
Open charges
₹17.81 Cr
Satisfied ₹25.72 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
2,014
Provident fund records

About Exela Technologies India Private Limited

Data last updated:

Exela Technologies India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Trac Holdings Llc. It operates in the business process outsourcing sector. It was incorporated on 18 May 1999 and has been in existence for over 27 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U64202MH1999PTC119911. Its GSTIN is 27AAACT8971E1Z3 (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹8.87 Cr. It was formerly known as Tracmail (India) Limited and Banctec Tps India Private Limited. It is led by directors Balbirsingh Gurmukhsingh Batra and Sanjay Jaysinghrao Pawar.

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 Tower – 341 Floor No 4 International Infotech Park Vashi Railway Station, Mumbai, Maharashtra, India – 400705.

As per the financials filed for FY 2025, the company reported a revenue of ₹232.48 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹24.27 Cr (net margin 10.4%) and EBITDA of ₹38.2 Cr (EBITDA margin 16.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.

The company has about 2,014 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹17.81 Cr and satisfied charges of ₹25.72 Cr on record. Court records list 13 cases involving the company, including 10 filed by the company and 3 filed against it; 8 cases are pending.

Exela Technologies India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-33-0082583). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website banctec.com.

Company details

CIN U64202MH1999PTC119911
Registration Number 119911
Incorporation Date 18 May 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Trac Holdings Llc
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-33-0082583

Name history

Exela Technologies India has undergone 4 name changes throughout its history. The current legal name is Exela Technologies India Private Limited.

Company NameStatus
Exela Technologies India Private LimitedCurrent
Tracmail (India) LimitedPrevious
Banctec Tps India Private LimitedPrevious
Lawzion Consultants Private LimitedPrevious
Tracmail (India) Private LimitedPrevious

CIN history

Exela Technologies India has one previous CIN (Corporate Identification Number): U64202MH2003PTC119911. The current CIN is U64202MH1999PTC119911, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U64202MH1999PTC119911Current
U64202MH2003PTC119911Previous
Key People
Balbirsingh Gurmukhsingh Batra Director Sanjay Jaysinghrao Pawar Director

Recognitions & Rankings of Exela Technologies India

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-MH-33-0082583

Contact details

Exela Technologies India Private Limited's registered office is in Mumbai, Maharashtra. Its website is banctec.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    banctec.com
  • Social Media
  • Registered Address
    Tower – 341 Floor No 4 International Infotech Park Vashi Railway Station, Mumbai, Maharashtra, India – 400705
  • Industry
    Business Outsourcing, Business Process Outsourcing

To see the full contact details of Exela Technologies India Private Limited, buy the company report.

Comprehensive company report
Exela Technologies India Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Exela Technologies India is information and communication. In detail, this covers data processing, hosting and related activities; web portal.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ7Data processing, hosting and related activities; web portal

To see the full business activity and turnover split of Exela Technologies India Private Limited, buy the company report.

Financials of Exela Technologies India Private Limited

FY 2025 filings available

Exela Technologies India Private Limited reported revenue of ₹232.48 Cr (up 10% YoY) for FY 2025.

Revenue · FY 2025
₹232.48 Cr ▲ 10%
Net profit · FY 2025
₹24.27 Cr margin 10.4%
EBITDA · FY 2025
₹38.2 Cr margin 16.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 11%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 9%
5 years · compounded
▲ 2%

Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 10% growth in the latest year. EBITDA rose 25% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹38.2 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹24.27 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin16.4%
Net Profit Margin10.4%
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

To see the full financial statements and ratios of Exela Technologies India Private Limited, buy the company report.

Board of directors of Exela Technologies India Private Limited

Exela Technologies India has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Balbirsingh Gurmukhsingh Batra
Also directs: Hov Energy Private Limited, Ourbello E-Commerce Private Limited, Banctec India Private Limited and 3 more
Director22 Dec 201411 Years 10 MonthsCurrent
Sanjay Jaysinghrao PawarDirector07 Mar 20197 Years 7 MonthsCurrent
View all directors

Auditor

Exela Technologies India Private Limited is audited by Lodha and Company for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Lodha and CompanyFY 2023301051E

Shareholding

The shareholding of Exela Technologies 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Exela Technologies India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹17.81 Cr
Satisfied charges
₹25.72 Cr
Breakdown by lending institutions
Others₹17.81 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Nov 2020100394241Others₹2.81 CrOpen
21 Dec 201510608692Others₹15 CrOpen
14 May 2019100270500Others₹17.56 LakhSatisfied
06 Oct 2017100130476Others₹19.91 LakhSatisfied
20 Apr 2017100127274Others₹20.43 LakhSatisfied

To see the full charge records of Exela Technologies India Private Limited, buy the company report.

Total charge records: 8 View all charges

MSME payment delays

Exela Technologies India Private Limited has 21 MSME Form 1 returns on record between 2019 and 2023, listing 1,030 overdue payments to 84 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 84)

SupplierAmount dueDue sinceReported on
Gokule's Modular Industries Private Limited
XBP Asia IT Solutions Private Limited
Matrix Business Services India Private Limited
Oceanic Beverages and Marketing Private Limited
Poona Rent A Cab India Private Limited

To see the full MSME payment records of Exela Technologies India Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Exela Technologies India Private Limited has a workforce of 2,014 employees on its EPFO records as of Mar 31, 2024, across 2 active EPFO establishments.

Employee count
2,014
Active EPFO establishments
2
Employee growth
-8.79%

GST

Exela Technologies India has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAACT8971E1Z3MaharashtraActive01 Jul 2017
33AAACT8971E1ZATamil NaduActive01 Aug 2020

To see the full GST registrations and return filing status of Exela Technologies India Private Limited, buy the company report.

Recent activity

Exela Technologies India Private Limited has 12 board changes on record since 2008: 2 appointments and 10 cessations. The latest: Shweta Rohit Trivedi ceased to be Company Secretary on 31 May 2025.

AGM
Exela Technologies India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Shweta Rohit Trivedi ceased to be Company Secretary.
Filing
Exela Technologies India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 14 May 2019 via Charge ID 100270500 with Others was fully satisfied on 16 May 2024.
Charges
A charge with Others of Rs. 15.00 Cr registered on 21 Dec 2015 with Charge ID 10608692 was modified on 28 Dec 2021.
Charges
A charge registered on 06 Oct 2017 via Charge ID 100130476 with Others was fully satisfied on 27 Nov 2020.
Charges
A charge with Others amounted to Rs. 2.81 Cr with Charge ID 100394241 was registered on 26 Nov 2020.
Charges
A charge registered on 20 Apr 2017 via Charge ID 100127274 with Others was fully satisfied on 21 Aug 2020.
Charges
A charge registered on 16 Sep 2014 via Charge ID 10520330 with Cisco Systems Capital (India) Private Limited was fully satisfied on 10 Feb 2020.
Charges
A charge registered on 08 Jul 2014 via Charge ID 10508442 with Cisco Systems Capital (India) Private Limited was fully satisfied on 10 Feb 2020.
Ceased
Sanjay Jaysinghrao Pawar ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100270500 was registered on 14 May 2019.

19 earlier events are in the company report.

Frequently asked questions

Exela Technologies India is an active private limited company based in Mumbai, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 18 May 1999 (27+ years old) and is registered under CIN U64202MH1999PTC119911.

Exela Technologies India has 2 current directors:

The latest financial statements of Exela Technologies 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 2015 are in the company report.

The GSTIN of Exela Technologies India is 27AAACT8971E1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACT8971E1ZA (Tamil Nadu).

The CIN (Corporate Identification Number) of Exela Technologies India is U64202MH1999PTC119911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Exela Technologies India has 13 court cases on record: 10 filed by the company and 3 filed against it. 8 are pending. Most are in the district courts.

Exela Technologies India was incorporated on 18 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.

Shweta Rohit Trivedi ceased to be Company Secretary on 31 May 2025. Sanjay Jaysinghrao Pawar ceased to be Additional Director on 10 Sep 2019. Venkatesh Adukkambarai Doraiswamy ceased to be Director on 15 Mar 2019. Exela Technologies India has 12 board changes on record in total.

Yes, Exela Technologies India is registered as an MSME under Udyam registration (number: UDYAM-MH-33-0082583).

Exela Technologies India has 21 MSME Form 1 returns on record between 2019 and 2023, listing 1,030 overdue payments to 84 micro and small suppliers. The latest return was filed on 21 Nov 2023.

Exela Technologies India can be reached through the website banctec.com. Its registered office is in Mumbai, Maharashtra, India.