About HSBC Software Development (India) Private Limited
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HSBC Software Development (India) Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Hsbc Asia Holdings B.V.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 04 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2002PTC016894. Its GSTIN is 27AABCH0517M1ZN (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹32.73 Cr. It is led by directors including Vikram Waman Kulkarni (Whole-Time Director) and Swami Manohar Bagul (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Business Bay Wing 2 Tower B Survey No 103 Hissa No. 2 Airport Road Yerwada, Pune, Maharashtra, India – 411006.
As per the financials filed for FY 2025, the company reported a revenue of ₹11,761 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹1,263.4 Cr (net margin 10.7%) and EBITDA of ₹1,988.5 Cr (EBITDA margin 16.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 13% over five years.
The company has about 10,602 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹4.87 Cr on record. Court records list 17 cases involving the company, including 8 filed by the company and 9 filed against it; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hsbc.co.in.
Company details
Contact details
HSBC Software Development (India) Private Limited's registered office is in Pune, Maharashtra. Its website is hsbc.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressBusiness Bay Wing 2 Tower B Survey No 103 Hissa No. 2 Airport Road Yerwada, Pune, Maharashtra, India – 411006
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of HSBC Software Development (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
Business activity
The main business activity of HSBC Software Development (India) 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 HSBC Software Development (India) Private Limited, buy the company report.
Financials of HSBC Software Development (India) Private Limited
FY 2025 filings availableHSBC Software Development (India) Private Limited reported revenue of ₹11,761 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 25% growth in the latest year. EBITDA rose 29% 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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| EBITDA | ₹1,988.5 Cr | ||||
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| Net Profit (PAT) | ₹1,263.4 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 16.9% | ||||
| Net Profit Margin | 10.7% | ||||
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To see the full financial statements and ratios of HSBC Software Development (India) Private Limited, buy the company report.
Board of directors and KMP of HSBC Software Development (India) Private Limited
HSBC Software Development (India) Private Limited currently reports 3 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Waman Kulkarni | Whole-Time Director | 27 Sep 2022 | 4 Years 1 Months | Current |
| Venkata Siva Prasad Tumuluri | Company Secretary | 17 Sep 2018 | 8 Years 1 Months | Current |
| Swami Manohar Bagul | Whole-Time Director | 21 Apr 2025 | 1 Years 6 Months | Current |
| Russell Jellicoe | Director | 24 Jun 2023 | 3 Years 4 Months | Current |
Auditor
HSBC Software Development (India) Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of HSBC Software Development (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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HSBC Software Development (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2011 | 10315592 | Tata Capital Limited | ₹3 Cr | Open | |
| 14 Feb 2011 | 10275573 | Tata Capital Limited | ₹3 Cr | Open | |
| 02 Mar 2010 | 10212141 | Hdfc Bank Limited | ₹5.25 Lakh | Satisfied | |
| 26 Feb 2010 | 10212144 | Hdfc Bank Limited | ₹7.45 Lakh | Satisfied | |
| 20 Aug 2009 | 10217968 | Hdfc Bank Ltd | ₹4 Lakh | Satisfied |
To see the full charge records of HSBC Software Development (India) Private Limited, buy the company report.
Total charge records: 47 View all charges
Legal cases
HSBC Software Development (India) Private Limited has 17 court cases on record: 8 filed by HSBC Software Development (India), 9 filed against it. 13 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 7 | 11 |
| Supreme Court | 2 | 2 | 2 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Regional Provident Fund Commissioner - I and Anr | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 1 | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 1 Pune | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 1 Pune | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of HSBC Software Development (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
No delayed payments to MSME suppliers are on our record for HSBC Software Development (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
HSBC Software Development (India) Private Limited has a workforce of 10,602 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
HSBC Software Development (India) has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH0517M1ZN | Maharashtra | Active | 01 Jul 2017 |
| 36AABCH0517M1ZO | Telangana | Active | 01 Jul 2017 |
| 27AABCH0517M2ZM | Maharashtra | Active | 21 Jul 2017 |
| 29AABCH0517M1ZJ | Karnataka | Active | 02 Jun 2022 |
To see the full GST registrations and return filing status of HSBC Software Development (India) Private Limited, buy the company report.
Recent activity
HSBC Software Development (India) Private Limited has 56 board changes on record since 2005: 30 appointments and 26 cessations. The latest: Pradeep Padmanabhan Menon ceased to be Whole-Time Director on 21 Apr 2025.
140 earlier events are in the company report.
News
Frequently asked questions
HSBC Software Development (India) is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 04 April 2002 (24+ years old) and is registered under CIN U72200PN2002PTC016894.
HSBC Software Development (India) has 4 current directors and KMP:
- Vikram Waman Kulkarni - Whole-Time Director
- Swami Manohar Bagul - Whole-Time Director
- Russell Jellicoe - Director
- Venkata Siva Prasad Tumuluri - Company Secretary
The latest financial statements of HSBC Software Development (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HSBC Software Development (India) is 27AABCH0517M1ZN, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 36AABCH0517M1ZO (Telangana), 27AABCH0517M2ZM (Maharashtra), 29AABCH0517M1ZJ (Karnataka).
The CIN (Corporate Identification Number) of HSBC Software Development (India) is U72200PN2002PTC016894. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HSBC Software Development (India) has 17 court cases on record: 8 filed by the company and 9 filed against it. 13 are pending. Most are in the high courts.
HSBC Software Development (India) was incorporated on 04 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Pune.
Pradeep Padmanabhan Menon ceased to be Whole-Time Director on 21 Apr 2025. Swami Manohar Bagul was appointed as Whole-Time Director on 21 Apr 2025. Steven Craig Van Wyk ceased to be Director on 01 Mar 2024. HSBC Software Development (India) has 56 board changes on record in total.
HSBC Software Development (India) can be reached through the website hsbc.co.in. Its registered office is in Pune, Maharashtra, India.
The registered office of HSBC Software Development (India) is at Business Bay Wing 2 Tower B Survey No 103 Hissa No. 2 Airport Road Yerwada, Pune, Maharashtra, India – 411006.
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