About Ibs Software Private Limited
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Ibs Software Private Limited is a foreign private limited company based in Thiruvananthapuram, Kerala, India, a subsidiary of Ibs Software Pte. Limited, Singapore. It operates in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 30 May 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2014FTC036668. Its GSTIN is 32AADCI5529A4Z1 (Kerala). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹430.53 Cr and a paid-up capital of ₹1.04 Lakh. It was formerly known as Ittl Software Private Limited. It is led by directors Valayil Korath Mathews and Latha Mathews.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 521 – 524 Nila Technopark Campus, Thiruvananthapuram, Kerala, India – 695581.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,372.66 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹376.86 Cr (net margin 15.9%) and EBITDA of ₹643.11 Cr (EBITDA margin 27.1%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 15% over five years.
The company has about 4,079 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IBS Software Services. As per MCA filings, the company has open charges of ₹272 Cr on record. Court records list 41 cases involving the company, including 40 filed by the company and 1 filed against it; 26 cases are pending. The company has 10 deals on record (6 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹913.1 Cr; the latest was in September 2024. Its 5 peer companies in the Information Technology industry (SaaS Providers) are compared by revenue, 5 smaller; the largest is Betterplace Safety Solutions Private Limited with revenue of ₹1,451.24 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 2,590 overdue payments to 210 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 ibsplc.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address521 – 524 Nila Technopark Campus, Thiruvananthapuram, Kerala, India – 695581
- IndustryInformation Technology, SaaS (Software as a Service) Providers
- 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
- One PDF report, delivered after checkout
Business Activity of Ibs Software Private Limited
The main business activity of Ibs Software is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ibs Software Private Limited FY 2025 filings available
Ibs Software Private Limited reported revenue of ₹2,372.66 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ibs Software Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 8% growth in the latest year. EBITDA fell 17% 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 of Ibs Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹643.11 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹376.86 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 of Ibs Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ibs Software are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ibs Software Private Limited
Ibs Software Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (SaaS Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ibs Software Private Limited this company | ₹2,372.66 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Thiruvananthapuram, Kerala, India |
| Betterplace Safety Solutions Private Limited | ₹1,451.24 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bengaluru, Karnataka, India |
| Rategain Travel Technologies Limited Listed | ₹1,153.04 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Amagi Media Labs Limited | ₹942.24 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Bengaluru, Karnataka, India |
| Geodesic Limited | ₹927.16 Cr (FY 2013) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Nreach Online Services Private Limited | ₹886.29 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Ibs Software by revenue in the Information Technology industry (SaaS Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ibs Software Private Limited
Ibs Software Private Limited is audited by Deloitte Haskins & Sells Llp for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells Llp | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ibs Software Private Limited
Ibs Software has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Valayil Korath Mathews | Director | 30 May 2014 | 12 Years 4 Months | Current |
| Latha Mathews | Director | 30 May 2014 | 12 Years 4 Months | Current |
Ownership and Shareholding of Ibs Software Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ibs Software Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2021 | Citi Bank N.A. | ₹32 Cr | Open |
| 24 Jul 2020 | Standard Chartered Bank | ₹75 Cr | Open |
| 16 Jan 2008 | State Bank of India | ₹165 Cr | Open |
Total charge records: 3 View all charges
Deals & Funding of Ibs Software Private Limited
Ibs Software Private Limited has 10 deals on record (6 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹913.1 Cr; the latest was in September 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: IBS Software Pte Limited |
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: IBS Software Pte Limited Seller: 3 individuals |
| Oct 2018 | Secondary share transfer | Undisclosed | Seller: IBS Software Pte Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: IBS Software Pte Limited Seller: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: IBS Software Pte Limited Seller: an individual |
Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ibs Software Private Limited
Ibs Software Private Limited has 41 court cases on record: 40 filed by Ibs Software, 1 filed against it. 26 cases are pending and 15 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 0 | 20 |
| High courts | 13 | 1 | 6 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thiruvananthapuram, Kerala | Civil suit | Filed by the company against Coeusapps Private Limited | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against Coeuscodes Private Limited | Pending |
| High Court of Kerala | Tax appeal | Filed against the company by Principal Commissioner of Income Tax, Thiruvananthapuram | Pending |
| District court, Thiruvananthapuram, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Civil suit | Filed by the company against an individual | Pending |
Full case history
All 41 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ibs Software Private Limited
Ibs Software Private Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 2,590 overdue payments to 210 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 210)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Valuewing Consultancy Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| B Square Enterprises | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Nintriva Technology Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 17 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Ibs Software Private Limited
Ibs Software operates one associated brand: IBS Software Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software solutions are provided for airline, hospitality, and logistics sectors. | ibsplc.com |
Employees and EPFO Compliance at Ibs Software Private Limited
Ibs Software Private Limited has a workforce of 4,079 employees as of Mar 23, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Ibs Software Private Limited
Recent Activity on Ibs Software Private Limited
Ibs Software Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Latha Mathews was appointed as Director on 30 May 2014.
Credit Ratings, Litigation & Regulatory Alerts for Ibs Software Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ibs Software Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ibs Software Private Limited
Ibs Software has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCI5529A4Z1 | Kerala | Active | 24 Feb 2025 |
| 29AADCI5529A1ZR | Karnataka | Active | 10 Apr 2018 |
| 33AADCI5529A1Z2 | Tamil Nadu | Active | 02 May 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ibs Software Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ibs Software Private Limited
Ibs Software is an active foreign private limited company based in Thiruvananthapuram, Kerala, India. The company works in saas (software as a service) providers, within the information technology industry. It was incorporated on 30 May 2014 (12+ years old) and is registered under CIN U72200KL2014FTC036668.
Ibs Software reported revenue of ₹2,372.66 Cr for FY 2025 (up 8% YoY).
Ibs Software has 2 current directors:
- Valayil Korath Mathews - Director
- Latha Mathews - Director
Ibs Software reported a net profit of ₹376.86 Cr (net margin 15.9%) and EBITDA of ₹643.11 Cr (EBITDA margin 27.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ibs Software is 24% over three years and 15% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ibs Software is 32AADCI5529A4Z1, registered in Kerala. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AADCI5529A1ZR (Karnataka), 33AADCI5529A1Z2 (Tamil Nadu).
The CIN (Corporate Identification Number) of Ibs Software is U72200KL2014FTC036668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibs Software has 41 court cases on record: 40 filed by the company and 1 filed against it. 26 are pending. Most are in the district courts.
Ibs Software was incorporated on 30 May 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ernakulam.
Ibs Software has 10 deals on record (6 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹913.1 Cr; the latest was in September 2024.
The peers of Ibs Software by revenue are Betterplace Safety Solutions Private Limited, Rategain Travel Technologies Limited, Amagi Media Labs Limited, Geodesic Limited, Nreach Online Services Private Limited, all in the Information Technology industry (SaaS Providers).
Latha Mathews was appointed as Director on 30 May 2014. Valayil Korath Mathews was appointed as Director on 30 May 2014.