About Imerit Technology Services Private Limited
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Imerit Technology Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Imerit Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2011PTC057594. Its GSTIN is 29AACCI8777M1ZN (Karnataka). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹22.38 Cr. It was formerly known as Meritek Global Technology Services Private Limited. It is led by directors including Parthasarathy Namakal Srinivasan and Rajasekar Ramaraj.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 204 – A Mittal Tower 6 M.G. Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹278.35 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹21.79 Cr (net margin 7.8%) and EBITDA of ₹32.75 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 25% over five years.
The company has about 5,337 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iMerit. As per MCA filings, the company has satisfied charges of ₹3 Cr on record. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹26.53 Cr; the latest was in February 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website imerit.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address204 – A Mittal Tower 6 M.G. Road, Bangalore, Karnataka, India – 560001
- 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 Imerit Technology Services Private Limited
The main business activity of Imerit Technology 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 Imerit Technology Services Private Limited FY 2025 filings available
Imerit Technology Services Private Limited reported revenue of ₹278.35 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Imerit Technology Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 13% growth in the latest year. EBITDA rose 80% 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 Imerit Technology Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹32.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.79 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Imerit Technology Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Imerit Technology 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.
Auditor Details of Imerit Technology Services Private Limited
Imerit Technology Services Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & 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 and KMP of Imerit Technology Services Private Limited
Imerit Technology Services Private Limited currently reports 3 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parthasarathy Namakal Srinivasan Also directs: Lomasa Advisors LLP, Memorable Minds LLP, Mindgrove Technologies Private Limited and 5 more | Director | 26 Jul 2022 | 4 Years 2 Months | Current |
| Rajasekar Ramaraj Also directs: R S Software (India) Ltd., Paypermint Private Limited, Iitm Incubation Cell and 2 more | Director | 10 Jul 2012 | 14 Years 2 Months | Current |
| Radha Basu | Director | 05 Sep 2011 | 15 Years 1 Months | Current |
| Avijit Saha Also directs: Palli Pragoti Financial Services Private Limited | Company Secretary | 25 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Imerit Technology 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 Imerit Technology Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2019 | Others | ₹3 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Imerit Technology Services Private Limited
Imerit Technology Services Private Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹26.53 Cr; the latest was in February 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Imerit Inc, Imerit Inc & Radha R. Basu Seller: SJB Charitable Trust, Imerit Technology Services ESOP Trust |
| Feb 2020 | Secondary share transfer | Undisclosed | Seller: an individual |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: Imerit Inc Seller: Omidyar Network, Michael & Susan Dell Foundation, Khosla Ventures, an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: SJB Charitable Trust Seller: Anudip Foundation for Social Welfar |
| Dec 2012 | Funding round | ₹2.46 Cr | Investors: Omidyar Network |
Full deal history
All 9 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.
Associated Brands with Imerit Technology Services Private Limited
Imerit Technology Services operates one associated brand: iMerit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Data solutions for artificial intelligence applications are provided by iMerit. | imerit.net |
Employees and EPFO Compliance at Imerit Technology Services Private Limited
Imerit Technology Services Private Limited has a workforce of 5,337 employees as of Apr 09, 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 Imerit Technology Services Private Limited
Recent Activity on Imerit Technology Services Private Limited
Imerit Technology Services Private Limited has 22 board changes on record since 2011: 13 appointments and 9 cessations. The latest: Parthasarathy Namakal Srinivasan was appointed as Director on 26 Jul 2022.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Imerit Technology 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 Imerit Technology 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 Imerit Technology 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 Imerit Technology Services Private Limited
Imerit Technology Services has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI8777M1ZN | Karnataka | Active | 22 Jul 2021 |
| 19AACCI8777M1ZO | West Bengal | Active | 01 Jul 2017 |
| 20AACCI8777M1Z5 | Jharkhand | Active | 01 Jul 2017 |
| 21AACCI8777M1Z3 | Odisha | 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 Imerit Technology 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 Imerit Technology Services Private Limited
Imerit Technology Services is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 March 2011 (15+ years old) and is registered under CIN U72900KA2011PTC057594.
Imerit Technology Services reported revenue of ₹278.35 Cr for FY 2025 (up 13% YoY).
Imerit Technology Services has 4 current directors and KMP:
- Parthasarathy Namakal Srinivasan - Director
- Rajasekar Ramaraj - Director
- Radha Basu - Director
- Avijit Saha - Company Secretary
Imerit Technology Services reported a net profit of ₹21.79 Cr (net margin 7.8%) and EBITDA of ₹32.75 Cr (EBITDA margin 11.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Imerit Technology Services is 16% over three years and 25% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Imerit Technology Services is 29AACCI8777M1ZN, registered in Karnataka. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 19AACCI8777M1ZO (West Bengal), 20AACCI8777M1Z5 (Jharkhand), 21AACCI8777M1Z3 (Odisha).
The CIN (Corporate Identification Number) of Imerit Technology Services is U72900KA2011PTC057594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Imerit Technology Services was incorporated on 14 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Imerit Technology Services has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹26.53 Cr; the latest was in February 2020.
Parthasarathy Namakal Srinivasan was appointed as Director on 26 Jul 2022. Partho Chatterjee ceased to be Director on 01 Dec 2021. Deb Dutta Ganguly ceased to be Director on 27 Aug 2020. Imerit Technology Services has 22 board changes on record in total.