About Expleo India Infosystems Private Limited
Data last updated:
Expleo India Infosystems Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Expleo Technology Germany Ag. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 28 November 2003.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2003PTC018619. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹85 Lakh and a paid-up capital of ₹11.48 Lakh. It was formerly known as Sqs India Infosystems Private Limited. and Verisoft Infosystems Private Limited. It was led by directors including Prashant Eknath Bramhankar and Prasad Govind Satkar.
Its last annual general meeting (AGM) was held on 26 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Plot No.25/1 Rajiv Gandhi Infotech Park MIDC Phase III Hinjewadi, Pune, Maharashtra, India – 411057.
As per the financials filed for FY 2022, the company reported a revenue of ₹154.42 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹4.61 Cr (net margin 3%) and EBITDA of ₹29.25 Cr (EBITDA margin 18.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
The company had about 1,256 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: SQS and Expleo. As per MCA filings, the company had satisfied charges of ₹3.53 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it. The company has 5 deals on record (5 secondary share transfers); the latest was in February 2017. Its 3 peer companies in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities) are compared by revenue, 2 larger and 1 smaller; the largest is Project44 Software Services Private Limited with revenue of ₹157.62 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 2 micro and small suppliers.
The last known website on record is sqs.com.
Company details
Name history
Expleo India Infosystems has undergone 2 name changes throughout its history. The company was previously known as Sqs India Infosystems Private Limited., and Verisoft Infosystems Private Limited. The current legal name is Expleo India Infosystems Private Limited.
| Company Name | Status |
|---|---|
| Expleo India Infosystems Private Limited | Current |
| Sqs India Infosystems Private Limited. | Previous |
| Verisoft Infosystems Private Limited | Previous |
Contact details
Expleo India Infosystems Private Limited's registered office is in Pune, Maharashtra. Its website is sqs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.25/1 Rajiv Gandhi Infotech Park MIDC Phase III Hinjewadi, Pune, Maharashtra, India – 411057
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Expleo India Infosystems 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
Expleo India Infosystems operates two associated brands: SQS and Expleo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software testing services are provided across various industries by SQS. | sqs.com | |
| Business strategy, digital transformation, and technology consulting services are provided. | expleo.com |
Business activity
The main business activity of Expleo India Infosystems is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Expleo India Infosystems Private Limited, buy the company report.
Financials of Expleo India Infosystems Private Limited
FY 2022 filings availableExpleo India Infosystems Private Limited reported revenue of ₹154.42 Cr (up 12% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 12% growth in the latest year. EBITDA fell 17% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹154.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹29.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.61 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.9% | ||||
| Net Profit Margin | 3% | ||||
| 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 Expleo India Infosystems Private Limited, buy the company report.
Board of directors of Expleo India Infosystems Private Limited
Expleo India Infosystems has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Eknath Bramhankar Also directs: Bigtincan India Private Limited | Director | 01 Apr 2016 | 10 Years 7 Months | As last reported |
| Prasad Govind Satkar | Director | 12 Apr 2021 | 5 Years 7 Months | As last reported |
| Ralph Gillessen Also directs: Expleo Solutions Limited, Expleo Solutions Gift Ifsc Limited | Director | 25 Jan 2012 | 14 Years 9 Months | As last reported |
| Balaji Viswanathan Also directs: Expert Global Solutions Private Limited, Alten India Private Limited, Alten Global Technologies Private Limited and 2 more | Additional Director | 14 Sep 2022 | 4 Years 1 Months | As last reported |
Peer comparison
Expleo India Infosystems Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Project44 Software Services Private Limited | ₹157.62 Cr (FY 2025) | 130.0% | Bangalore, Karnataka, India | |||
| Argano Software Private Limited | ₹156.24 Cr (FY 2025) | 98.0% | Hyderabad, Telangana, India | |||
| Expleo India Infosystems Private Limitedthis company | ₹154.42 Cr (FY 2022) | ₹4.61 Cr | 3% | 12.0% | 1,256 | Pune, Maharashtra, India |
| Zeus Systems Private Limited | ₹146.64 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Expleo India Infosystems Private Limited, buy the company report.
Auditor
Expleo India Infosystems Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2022 | 001076N/N500013 |
Shareholding
The shareholding of Expleo India Infosystems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Expleo India Infosystems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2007 | 10051616 | The Cosmos Co-Operative Bank Ltd. | ₹1.58 Cr | Satisfied | |
| 18 Apr 2007 | 10051615 | The Cosmos Co-Operative Bank Ltd. | ₹1.95 Cr | Satisfied |
To see the full charge records of Expleo India Infosystems Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Expleo India Infosystems Private Limited has 5 deals on record (5 secondary share transfers); the latest was in February 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Expleo Technology Germany Ag Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Expleo Technology Germany Ag Seller: an individual |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Expleo Technology Germany Ag Seller: 2 individuals |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Expleo Technology Germany Ag Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Expleo India Infosystems Private Limited has 4 court cases on record: 3 filed by Expleo India Infosystems, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra Through Manohar Narayanrao Solanke | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Expleo India Infosystems 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
Expleo India Infosystems Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Asdintech Services Private Limited | |||
| Eilisys Technologies Private Limited |
To see the full MSME payment records of Expleo India Infosystems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Expleo India Infosystems Private Limited has a workforce of 1,256 employees on its EPFO records as of Mar 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 1,256 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Expleo India Infosystems Private Limited, buy the company report.
GST
Expleo India Infosystems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Expleo India Infosystems Private Limited, buy the company report.
Recent activity
Expleo India Infosystems Private Limited has 16 board changes on record since 2008: 4 appointments and 12 cessations. The latest: Balaji Viswanathan was appointed as Additional Director on 14 Sep 2022.
11 earlier events are in the company report.
Frequently asked questions
Expleo India Infosystems has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Expleo India Infosystems was a private limited company based in Pune, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 28 November 2003 and is registered under CIN U72200PN2003PTC018619. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Expleo India Infosystems was incorporated on 28 November 2003. It is registered with the Registrar of Companies, Pune.
Expleo India Infosystems had 4 directors:
- Prashant Eknath Bramhankar - Director
- Prasad Govind Satkar - Director
- Ralph Gillessen - Director
- Balaji Viswanathan - Additional Director
The CIN (Corporate Identification Number) of Expleo India Infosystems is U72200PN2003PTC018619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Expleo India Infosystems is at Plot No.251 Rajiv Gandhi Infotech Park MIDC Phase III Hinjewadi, Pune, Maharashtra, India – 411057.
Expleo India Infosystems can be reached through the website sqs.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Expleo India Infosystems on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 August 2022. Year-wise statements from 2015 are in the company report.
No. Expleo India Infosystems has 1 GST registration on record and it is cancelled or inactive.
Expleo India Infosystems operated in the information technology industry, in the software development and support services segment.
Expleo India Infosystems has 5 deals on record (5 secondary share transfers); the latest was in February 2017.
The peers of Expleo India Infosystems by revenue are Project44 Software Services Private Limited, Argano Software Private Limited, Zeus Systems Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities).
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