About HP PPS India Operations Private Limited
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HP PPS India Operations Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Hp R&D Holding Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2015FTC079497. Its GSTIN is 29AADCH5872M1ZX (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.56 Cr. It is led by directors Tapas Panda and Swaminathan Deepa.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,009.5 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹126.5 Cr (net margin 12.5%) and EBITDA of ₹238.3 Cr (EBITDA margin 23.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
The company has about 1,276 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 3 filed against it. The company has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹398.02 Cr; the latest was in September 2018. Its 4 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 1 larger and 3 smaller; the largest is Nec Corporation India Private Limited with revenue of ₹1,015.2 Cr. The company has 8 MSME Form 1 returns on record between 2022 and 2024, listing 145 overdue payments to 18 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hp.com.
Company details
Contact details
HP PPS India Operations Private Limited's registered office is in Bangalore, Karnataka. Its website is hp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 24 Kothari Arena, Hosur Main Road, Bangalore, Karnataka, India – 560030
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of HP PPS India Operations 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
Business activity
The main business activity of HP PPS India Operations is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of HP PPS India Operations Private Limited, buy the company report.
Financials of HP PPS India Operations Private Limited
FY 2025 filings availableHP PPS India Operations Private Limited reported revenue of ₹1,009.5 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 13% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹238.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹126.5 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.6% | ||||
| Net Profit Margin | 12.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of HP PPS India Operations Private Limited, buy the company report.
Board of directors of HP PPS India Operations Private Limited
HP PPS India Operations 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 |
|---|---|---|---|---|
| Tapas Panda | Director | 15 Jul 2020 | 6 Years 3 Months | Current |
| Swaminathan Deepa Also directs: HP India Sales Private Limited | Director | 20 Sep 2022 | 4 Years 1 Months | Current |
Peer comparison
HP PPS India Operations Private Limited is compared with the 4 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nec Corporation India Private Limited | ₹1,015.2 Cr (FY 2025) | -38.0% | New Delhi, Delhi, India | |||
| HP PPS India Operations Private Limitedthis company | ₹1,009.5 Cr (FY 2025) | ₹126.5 Cr | 12.5% | 13.0% | 1,276 | Bangalore, Karnataka, India |
| Mathworks India Private Limited | ₹984.62 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Micro Focus Software Solutions India Private Limited | ₹977.3 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Nice Interactive Solutions India Private Limited | ₹974.93 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India |
To see the full peer comparison of HP PPS India Operations Private Limited, buy the company report.
Auditor
HP PPS India Operations 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 HP PPS India Operations 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HP PPS India Operations Private Limited, buy the company report.
Deals & funding
HP PPS India Operations Private Limited has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹398.02 Cr; the latest was in September 2018.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Hp R And D Holding Llc Seller: Alpha Holding One Bv |
| Sep 2015 | Funding round | ₹199.01 Cr | Investors: Alpha Holding One Bv |
To see the full deal history of HP PPS India Operations Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HP PPS India Operations Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (P and SC) | Filed against the company by an individual | Disposed |
| District court, CHAMRAJNAGAR, Karnataka | Motor accident claim | Filed against the company by individuals | Disposed |
| District court, CHAMRAJNAGAR, Karnataka | Motor accident claim | Filed against the company by individuals | Disposed |
To see the full case history of HP PPS India Operations 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
HP PPS India Operations Private Limited has 8 MSME Form 1 returns on record between 2022 and 2024, listing 145 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Elior India Food Services LLP | |||
| an individual supplier | |||
| Hourglass Essentials Private Limited | |||
| Cloudkitch Private Limited | |||
| an individual supplier |
To see the full MSME payment records of HP PPS India Operations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
HP PPS India Operations Private Limited has a workforce of 1,276 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,276 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of HP PPS India Operations Private Limited, buy the company report.
GST
HP PPS India Operations has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH5872M1ZX | Karnataka | Active | 01 Jul 2017 |
| 27AADCH5872M1Z1 | Maharashtra | Active | 30 Jan 2018 |
To see the full GST registrations and return filing status of HP PPS India Operations Private Limited, buy the company report.
Recent activity
HP PPS India Operations Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Swaminathan Deepa ceased to be Additional Director on 30 Sep 2022.
News
Frequently asked questions
HP PPS India Operations is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 March 2015 (11+ years old) and is registered under CIN U72900KA2015FTC079497.
HP PPS India Operations has 2 current directors:
- Tapas Panda - Director
- Swaminathan Deepa - Director
The latest financial statements of HP PPS India Operations 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 HP PPS India Operations is 29AADCH5872M1ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCH5872M1Z1 (Maharashtra).
The CIN (Corporate Identification Number) of HP PPS India Operations is U72900KA2015FTC079497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HP PPS India Operations has 3 court cases on record: 3 filed against it.
HP PPS India Operations was incorporated on 27 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
HP PPS India Operations has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹398.02 Cr; the latest was in September 2018.
The peers of HP PPS India Operations by revenue are Nec Corporation India Private Limited, Mathworks India Private Limited, Micro Focus Software Solutions India Private Limited, Nice Interactive Solutions India Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Swaminathan Deepa ceased to be Additional Director on 30 Sep 2022. Anjana Mary Perumal ceased to be Director on 23 Sep 2022. Swaminathan Deepa was appointed as Director on 20 Sep 2022. HP PPS India Operations has 9 board changes on record in total.
HP PPS India Operations has 8 MSME Form 1 returns on record between 2022 and 2024, listing 145 overdue payments to 18 micro and small suppliers. The latest return was filed on 25 Apr 2024.
HP PPS India Operations can be reached through the website hp.com. Its registered office is in Bangalore, Karnataka, India.
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