About First Data Development Private Limited
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First Data Development Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of First Data (Singapore) Pte. Ltd.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 02 July 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2013PTC319336. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹12 Cr and a paid-up capital of ₹1.38 Cr. It was formerly known as Elements Infra Advisors Private Limited. It was led by directors Srini Krish (Whole-Time Director) and Gopakumar Subramonian (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Unit No 74 7th Floor Kalpataru Square Andheri – Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2022, the company reported a revenue of ₹504.98 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹52.53 Cr (net margin 10.4%) and EBITDA of ₹100.24 Cr (EBITDA margin 19.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
The company had about 1,710 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Fiserv. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹43.19 Cr; the latest was in October 2016. Its 10 peer companies in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Shivaami Cloud Services Private Limited with revenue of ₹555.19 Cr.
The last known website on record is firstdata.com.
Company details
CIN history
First Data Development has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900MH2013PTC319336, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2013PTC319336 | Current |
| U74140DL2013PTC254710 | Previous |
| U72900DL2013PTC254710 | Previous |
Contact details
First Data Development Private Limited's registered office is in Mumbai, Maharashtra. Its website is firstdata.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 74 7th Floor Kalpataru Square Andheri – Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of First Data Development 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
First Data Development operates one associated brand: Fiserv. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment processing and electronic commerce services are offered worldwide. | firstdata.com |
Business activity
The main business activity of First Data Development is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of First Data Development Private Limited, buy the company report.
Financials of First Data Development Private Limited
FY 2022 filings availableFirst Data Development Private Limited reported revenue of ₹504.98 Cr (down 1% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA rose 28% 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 | ₹504.98 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹100.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.53 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.9% | ||||
| Net Profit Margin | 10.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of First Data Development Private Limited, buy the company report.
Board of directors of First Data Development Private Limited
First Data Development has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srini Krish | Whole-Time Director | 12 May 2016 | 10 Years 5 Months | As last reported |
| Gopakumar Subramonian Also directs: Medrenova Private Limited | Whole-Time Director | 12 May 2016 | 10 Years 5 Months | As last reported |
Peer comparison
First Data Development Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivaami Cloud Services Private Limited | ₹555.19 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Altair Engineering India Private Limited | ₹547.99 Cr (FY 2024) | 9.0% | Bengaluru, Karnataka, India | |||
| Lumina Datamatics Limited | ₹541.05 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Ces Limited. | ₹525.29 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Netskope Software India Private Limited | ₹508.9 Cr (FY 2025) | 31.0% | Whitefield Road Bangalore, Karnataka, India | |||
| First Data Development Private Limitedthis company | ₹504.98 Cr (FY 2022) | ₹52.53 Cr | 10.4% | -1.0% | 1,710 | Mumbai, Maharashtra, India |
| Nusummit Technologies Private Limited | ₹502.23 Cr (FY 2025) | 105.0% | Navi Mumbai, Maharashtra, India | |||
| Saxo Group India Private Limited | ₹492.52 Cr (FY 2025) | 2.0% | Gurgaon, Haryana, India | |||
| Vector Informatik India Private Limited | ₹480.09 Cr (FY 2025) | -24.0% | Pune, Maharashtra, India | |||
| CMS Computers India Private Limited | ₹467.21 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Indian Financial Technology and Allied Services | ₹455.49 Cr (FY 2024) | 147.0% | Hyderabad, Telangana, India |
To see the full peer comparison of First Data Development Private Limited, buy the company report.
Auditor
First Data Development 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 |
Shareholding
The shareholding of First Data Development 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 First Data Development Private Limited, buy the company report.
Deals & funding
First Data Development Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹43.19 Cr; the latest was in October 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Funding round | ₹11.9 Cr | Investors: First Data Merchant Solutions Pte. Ltd |
| Apr 2016 | Funding round | ₹24.9 Cr | Investors: First Data Merchant Solutions Pte. Ltd |
| Oct 2015 | Funding round | ₹6.39 Cr | Investors: First Data Merchant Solutions Pte. Ltd |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: First Data Merchant Solutions Pte. Ltd Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: First Data Merchant Solutions Pte. Ltd Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving First Data Development Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for First Data Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
First Data Development Private Limited has a workforce of 1,710 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
First Data Development has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of First Data Development Private Limited, buy the company report.
Recent activity
First Data Development Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Srini Krish ceased to be Director on 24 Mar 2021.
News
Frequently asked questions
First Data Development 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.
First Data Development was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 02 July 2013 and is registered under CIN U72900MH2013PTC319336. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
First Data Development was incorporated on 02 July 2013. It is registered with the Registrar of Companies, Mumbai.
First Data Development had 2 directors:
- Srini Krish - Whole-Time Director
- Gopakumar Subramonian - Whole-Time Director
The CIN (Corporate Identification Number) of First Data Development is U72900MH2013PTC319336. 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 First Data Development is at Unit No 74 7th Floor Kalpataru Square Andheri – Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059.
First Data Development can be reached through the website firstdata.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of First Data Development on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. First Data Development has 2 GST registrations on record and all of them are cancelled or inactive.
First Data Development operated in the information technology industry, in the IT consulting and support services segment.
First Data Development has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹43.19 Cr; the latest was in October 2016.
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