About Ibs Software Services Private Limited
Data last updated:
Ibs Software Services Private Limited was a private limited company based in Thiruvananthapuram, Kerala, India, operated as a subsidiary of Ibs Software Private Limited (Formerly Known As Iitl Software Private Limited), India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 31 March 1999.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL1999PTC012934. Its GSTIN is 32AAACI6825N1ZF (Kerala). The company held 9 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹427 Cr and a paid-up capital of ₹237.67 Cr. It was led by directors Valayil Korath Mathews and Latha Mathews.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 521 – 524 Nila Technopark Campus, Thiruvananthapuram, Kerala, India – 695581.
As per the financials filed for FY 2017, the company reported a revenue of ₹743.61 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹119.09 Cr (net margin 16%) and EBITDA of ₹233.53 Cr (EBITDA margin 31.4%).
Its group structure included 3 subsidiaries.
The company was associated with 1 brand: IBS Software Services. As per MCA filings, the company had satisfied charges of ₹109.41 Cr on record. Court records list 43 cases involving the company, including 30 filed by the company and 12 filed against it; 12 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹210.03 Cr; the latest was in October 2016. Its 10 peer companies in the Information Technology industry (IT Consulting and Services, Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Movate Technologies Private Limited with revenue of ₹767.6 Cr.
The last known website on record is ibsplc.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address521 – 524 Nila Technopark Campus, Thiruvananthapuram, Kerala, India – 695581
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Services Private Limited
The main business activity of Ibs Software Services 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 Services Private Limited FY 2017 filings available
Ibs Software Services Private Limited reported revenue of ₹743.61 Cr (down 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Ibs Software Services Private Limited
Revenue fell 8% in the latest year. EBITDA fell 37% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Ibs Software Services Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | ₹233.53 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹119.09 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 Services Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 31.4% | •••• | •••• |
| Net Profit Margin | 16% | •••• | •••• |
| 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 Services 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 Services Private Limited
Ibs Software Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Movate Technologies Private Limited | ₹767.6 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Chennai, Tamil Nadu, India |
| Aspire Systems (India) Private Limited | ₹762.27 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Chennai, Tamil Nadu, India |
| 3I Infotech Limited Listed | ₹751.8 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Navi Mumbai, Maharashtra, India |
| Tally Solutions Private Limited | ₹746.58 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Orange Business Services India Solutions Private Limited | ₹744.13 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Gurgaon, Haryana, India |
| Ibs Software Services Private Limited this company | ₹743.61 Cr (FY 2017) | •••• | •••• | -8.0% | •••• | Thiruvananthapuram, Kerala, India |
| Cma CGM Global Business Services (India) Private Limited | ₹729.31 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Chennai, Tamil Nadu, India |
| CSC Fund Services (India) Private Limited | ₹725.09 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| Advantage Club Technologies Private Limited | ₹724.62 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Gurgaon, Haryana, India |
| Ups Logistics Private Limited | ₹716.18 Cr (FY 2025) | •••• | •••• | 59.0% | •••• | Pune, Maharashtra, India |
| Cavitak Marketing Private Limited | ₹713.12 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Ibs Software Services by revenue in the Information Technology industry (IT Consulting and Services, Software Services), 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 Services Private Limited
Ibs Software Services Private Limited is audited by B S R & CO. LLP for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & CO. 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 Services Private Limited
Ibs Software Services has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Valayil Korath Mathews | Director | 31 Mar 1999 | 27 Years 6 Months | As last reported |
| Latha Mathews | Director | 31 Mar 1999 | 27 Years 6 Months | As last reported |
Ownership and Shareholding of Ibs Software Services 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 Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2009 | Axis Bank Limited | ₹66.8 Cr | Satisfied |
| 04 Nov 2006 | Axis Bank Limited | ₹11.43 Cr | Satisfied |
| 23 Jul 2003 | Uti Bank Limited | ₹31.18 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Ibs Software Services Private Limited
Ibs Software Services Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹210.03 Cr; the latest was in October 2016.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Ibs Software Private Limited Seller: Blackstone Advisors India |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Blackstone Advisors India Seller: General Atlantic, Moveo Systems Private Limited , 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Ibs Software Private Limited , an individual Seller: International Business Services Group Private Limited, an individual |
Full deal history
All 4 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 Services Private Limited
Ibs Software Services Private Limited has 43 court cases on record: 30 filed by Ibs Software Services, 12 filed against it, 1 where it is another party. 12 cases are pending and 31 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 9 | 9 |
| District courts | 15 | 0 | 2 |
| Supreme Court | 3 | 3 | 1 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (RP) | Filed against the company by Gbots Software Development Centre Private Limited | Disposed |
| High Court of Kerala | Court case (OP(C)) | Filed against the company by Gbots Software Development Centre Private Limited | Disposed |
| High Court of Kerala | Court case (OP(C)) | Filed by the company against Gbots Software Development Centre Private Limited | Disposed |
| District court, Thiruvananthapuram, Kerala | Civil suit | Filed by the company against Gbots Software Development Centre Private Limited | Disposed |
| Supreme Court | Special leave petition | Filed against the company by Gbots Software Development Centre Private Limited | Disposed |
Full case history
All 43 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.
Associated Brands with Ibs Software Services Private Limited
Ibs Software Services 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 Services Private Limited
Employment history and EPFO contributions of people linked to Ibs Software Services.
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.
Group Structure of Ibs Software Services Private Limited
Ibs Software Services has 3 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ibs Technologies Private Limited | U72200KL1999PTC012935 | Locked |
| Ibs Technologies Private Limited*, India | U72200KL1999PTC012935 | Locked |
| Ibs Technologies Private Limited, India | U72200KL1999PTC012935 | Locked |
Showing major subsidiaries. Total: 3.
News related to Ibs Software Services Private Limited
Recent Activity on Ibs Software Services Private Limited
Ibs Software Services Private Limited has 12 board changes on record since 1999: 2 appointments and 10 cessations. The latest: Rajiv Indravadan Shah ceased to be Whole-Time Director on 31 Dec 2017.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ibs Software Services 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.
MSME Payment Delays by Ibs Software Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ibs Software Services 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 Services Private Limited
Ibs Software Services has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACI6825N1ZF | Kerala | Active | 01 Jul 2017 |
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 Services 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 Services Private Limited
Ibs Software Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ibs Software Services was a private limited company based in Thiruvananthapuram, Kerala, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 31 March 1999 and is registered under CIN U72200KL1999PTC012934. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ibs Software Services was incorporated on 31 March 1999. It is registered with the Registrar of Companies, Ernakulam.
Ibs Software Services had 2 directors:
- Valayil Korath Mathews - Director
- Latha Mathews - Director
The CIN (Corporate Identification Number) of Ibs Software Services is U72200KL1999PTC012934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ibs Software Services is at 521 – 524 Nila Technopark Campus, Thiruvananthapuram, Kerala, India – 695581.
Ibs Software Services can be reached through the website ibsplc.com. Its registered office is in Thiruvananthapuram, Kerala, India.
Ibs Software Services reported revenue of ₹743.61 Cr for FY 2017 (down 8% YoY).
Ibs Software Services has an authorised share capital of ₹427 Cr and a paid-up capital of ₹237.67 Cr.
Ibs Software Services reported a net profit of ₹119.09 Cr (net margin 16%) and EBITDA of ₹233.53 Cr (EBITDA margin 31.4%) for FY 2017, as per its filed financial statements.
The GSTIN of Ibs Software Services is 32AAACI6825N1ZF, registered in Kerala. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.