Hsbc Software Development (India) Private Limited - Company Profile

It is a information technology private limited company based in Pune, Maharashtra, India, established in 2002.

2002 Pune, Maharashtra, India Active

Last Updated: December 22, 2025

About Hsbc Software Development (India) Private Limited

Hsbc Software Development (India) Private Limited, a active private limited company, was established on 04 April 2002 in Pune, Maharashtra, India. Engaging in application development & software solutions within the information and communication sector, it holds CIN: U72200PN2002PTC016894. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹50.00 Cr and a paid-up capital of ₹32.73 Cr.

It upholds a compliant status. Employing 10,602 professional, Its leadership includes Vikram Waman Kulkarni (Whole-Time Director), Russell Jellicoe (Director), Swami Manohar Bagul (Whole-Time Director). Past directors included David Alexander John Smith, Hussain Ali Baig, Deveshwar Dayal Mathur. It holds ₹6.00 Cr open charges and ₹4.87 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at Business Bay, Wing 2, Tower B, Survey No 103, Hissa No. 2, Airport Road, Yerwada,, Pune, Maharashtra, 411006.

Company Details

CIN/LLPIN
U72200PN2002PTC016894
Registration Number
016894
Incorporation Date
04 April 2002
Authorized Capital
₹50.00 Cr
Paid-Up Capital
₹32.73 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 50.00 Cr as on 22-12-2025
Paid Up Capital ₹ 32.73 Cr as on 22-12-2025
Company Age 23 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 6.00 Cr as on 22-12-2025
Satisfied Charges ₹ 4.87 Cr as on 22-12-2025
Revenue Growth **** 17.79% (FY 2023)
Profit Growth **** 14.19% (FY 2023)
Ebitda **** 4.23% (FY 2023)
Net Worth 1.38% (FY 2023)
Total Assets **** 12.76% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Hsbc Software Development (India) Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Hsbc Software Development (India) Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vikram Waman Kulkarni	Whole-Time Director	27 Sep 2022	Current
Russell Jellicoe	Director	24 Jun 2023	Current
Swami Manohar Bagul	Whole-Time Director	21 Apr 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	24 Jul 2008	Past
Pramod Abcsdd	Director	16 Jun 2021	Past
Pramod Abcsdd	Director	31 Dec 2013	Past
Pramod Abcsdd	Company Secretary	11 Jul 2013	Past
Pramod Abcsdd	Director	05 Sep 2018	Past
Pramod Abcsdd	Director	28 Sep 2016	Past

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Financial Performance of Hsbc Software Development (India).

Hsbc Software Development (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.79% increase. The company also saw a substantial improvement in profitability, with a 14.19% increase in profit. The company's net worth moved up by a moderate rise of 1.38%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

17.79%

*******

Revenue from Operations

*******

16.80%

*******

Total Assets

*******

12.76%

*******

Profit or Loss

*******

14.19%

*******

Net Worth

*******

1.38%

*******

EBITDA

*******

4.23%

*******

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What is the Ownership and Shareholding Structure of Hsbc Software Development (India)?

In 2023, Hsbc Software Development (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹60,000,000.00

Satisfied Charges

₹48,667,000.00

Charges Breakdown by Lending Institutions

Tata Capital Limited : 6.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
03 Oct 2011	Tata Capital Limited	₹3.00 Cr	Open
14 Feb 2011	Tata Capital Limited	₹3.00 Cr	Open
02 Mar 2010	Hdfc Bank Limited	₹0.53 M	Satisfied
26 Feb 2010	Hdfc Bank Limited	₹0.75 M	Satisfied
20 Aug 2009	Hdfc Bank Ltd	₹0.40 M	Satisfied

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How Many Employees Work at Hsbc Software Development (India)?

Hsbc Software Development (India) has a workforce of 10602 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Hsbc Software Development (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Hsbc Software Development (India)'s trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Hsbc Software Development (India)

Recent Activity within the Organization

Annual General Meeting

Progress on Hsbc Software Development (India) Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was documented.
25 Sep 2025
Director Appointment

Swami Manohar Bagul was appointed as a Whole-time director was appointed as a Whole-time director on 21 Apr 2025 & has been associated with this company since 9 months 19 days . was recorded as a recent event.
21 Apr 2025
Balance Sheet

Hsbc Software Development (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune. was recorded as a recent event.
31 Mar 2025
Director Appointment

Progress on Russell Jellicoe was appointed as a Director was appointed as a Director on 24 Jun 2023 & has been associated with this company since 2 years 7 months . was documented.
24 Jun 2023
Director Appointment

Progress on Vikram Waman Kulkarni was appointed as a Whole-time director was appointed as a Whole-time director on 27 Sep 2022 & has been associated with this company since 3 years 4 months . was documented.
27 Sep 2022
Director Appointment

The activity Venkata Siva Prasad Tumuluri was appointed as a Company Secretary was appointed as a Company Secretary on 17 Sep 2018 & has been associated with this company since 7 years 4 months . was completed.
17 Sep 2018

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