About Hitachi Solutions India Private Limited
Data last updated:
Hitachi Solutions India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Hitachi Solutions America, Ltd.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 31 August 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2001PTC122050. Its GSTIN is 33AAACZ1544R2ZX (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹2.92 Cr. It was formerly known as Ignify Software Private Limited and Z Syndicate Software Pvt Ltd. It is led by directors including Kottikal Ambujakshan Abinsam and Koji Matsumura.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Block 5 10th Floor DLF IT Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹190.31 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹20.19 Cr (net margin 10.6%) and EBITDA of ₹23.99 Cr (EBITDA margin 12.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 8% over five years.
The company has about 631 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.7 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 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 india.hitachi-solutions.com.
Company details
Name history
Hitachi Solutions India has undergone 2 name changes throughout its history. The company was previously known as Ignify Software Private Limited, and Z Syndicate Software Pvt Ltd. The current legal name is Hitachi Solutions India Private Limited.
| Company Name | Status |
|---|---|
| Hitachi Solutions India Private Limited | Current |
| Ignify Software Private Limited | Previous |
| Z Syndicate Software Pvt Ltd | Previous |
CIN history
Hitachi Solutions India has one previous CIN (Corporate Identification Number): U72200PN2001PTC016412. The current CIN is U72200TN2001PTC122050, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TN2001PTC122050 | Current |
| U72200PN2001PTC016412 | Previous |
Contact details
Hitachi Solutions India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is india.hitachi-solutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock 5 10th Floor DLF IT Park 1/124 Shivaji Gardens Mount Poonamallee Road Ramapu, Ram, Chennai, Tamil Nadu, India – 600089
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Hitachi Solutions 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
Financials of Hitachi Solutions India Private Limited
FY 2025 filings availableHitachi Solutions India Private Limited reported revenue of ₹190.31 Cr (up 30% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 30% growth in the latest year. EBITDA rose 27% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹190.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.19 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.6% | ||||
| Net Profit Margin | 10.6% | ||||
| 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 Hitachi Solutions India Private Limited, buy the company report.
Board of directors and KMP of Hitachi Solutions India Private Limited
Hitachi Solutions India Private Limited currently reports 7 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Bhaskar Sadaphule | Company Secretary | 19 Nov 2015 | 10 Years 11 Months | Current |
| Kottikal Ambujakshan Abinsam | Director | 17 Aug 2017 | 9 Years 2 Months | Current |
| Koji Matsumura | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
| Akira Nagamori | Director | 09 Jun 2023 | 3 Years 4 Months | Current |
| Soichiro Ohara | Director | 09 Jun 2023 | 3 Years 4 Months | Current |
| Hiroshi Suganuma | Additional Director | 31 May 2024 | 2 Years 5 Months | Current |
Auditor
Hitachi Solutions India Private Limited is audited by S.R. BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & ASSOCIATES LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Hitachi Solutions 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hitachi Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2006 | 80066972 | Small Industries Development Bank of India | ₹2.7 Cr | Satisfied |
To see the full charge records of Hitachi Solutions India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Hitachi Solutions India Private Limited has 2 court cases on record: 1 filed by Hitachi Solutions India, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S. First Leasing Company | Disposed |
To see the full case history of Hitachi Solutions 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
Hitachi Solutions India Private Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 21 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adrenalin Esystems Limited | |||
| Spark Global (SCS) Services Private Limited | |||
| Moon Sez & Management Consultants LLP | |||
| Moon Sez Consultants Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Hitachi Solutions India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hitachi Solutions India Private Limited has a workforce of 631 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Hitachi Solutions India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACZ1544R2ZX | Tamil Nadu | Active | 19 May 2025 |
| 29AAACZ1544R1ZN | Karnataka | Active | 01 Jul 2017 |
| 27AAACZ1544R2ZQ | Maharashtra | Active | 05 Mar 2020 |
To see the full GST registrations and return filing status of Hitachi Solutions India Private Limited, buy the company report.
Recent activity
Hitachi Solutions India Private Limited has 29 board changes on record since 2015: 8 appointments and 21 cessations. The latest: Deidra Carole Haase ceased to be Additional Director on 16 Sep 2025.
22 earlier events are in the company report.
Frequently asked questions
Hitachi Solutions India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 31 August 2001 (25+ years old) and is registered under CIN U72200TN2001PTC122050.
Hitachi Solutions India has 8 current directors and KMP:
- Kottikal Ambujakshan Abinsam - Director
- Koji Matsumura - Director
- Akira Nagamori - Director
- Soichiro Ohara - Director
- Hiroshi Suganuma - Additional Director
- Thomas John Galambos - Director
- Deidra Carole Haase - Director
- Aditya Bhaskar Sadaphule - Company Secretary
The latest financial statements of Hitachi Solutions India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitachi Solutions India is 33AAACZ1544R2ZX, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAACZ1544R1ZN (Karnataka), 27AAACZ1544R2ZQ (Maharashtra).
The CIN (Corporate Identification Number) of Hitachi Solutions India is U72200TN2001PTC122050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitachi Solutions India has 2 court cases on record: 1 filed by the company and 1 filed against it.
Hitachi Solutions India was incorporated on 31 August 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
Deidra Carole Haase ceased to be Additional Director on 16 Sep 2025. Deidra Carole Haase was appointed as Director on 05 Nov 2024. Hiroshi Suganuma ceased to be Additional Director on 23 Sep 2024. Hitachi Solutions India has 29 board changes on record in total.
Hitachi Solutions India has 8 MSME Form 1 returns on record between 2019 and 2022, listing 21 overdue payments to 5 micro and small suppliers. The latest return was filed on 26 Sep 2023.
Hitachi Solutions India can be reached through the website india.hitachi-solutions.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Hitachi Solutions India is at Block 5 10th Floor DLF IT Park 1124 Shivaji Gardens Mount Poonamallee Road Ramapu, Ram, Chennai, Tamil Nadu, India – 600089.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
