About Itron India Private Limited
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Itron India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Itron Global Sarl. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 05 October 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74899KA1990PTC190581. Its GSTIN is 29AABCS6575L2ZN (Karnataka). The company holds 14 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹47 Cr and a paid-up capital of ₹11.17 Cr. It was formerly known as Actaris Industries (India) Private Limited and Schlumberger Industries (India) Private Limited. It is led by directors Gokulmuthu Narayanaswamy and Abhishek Saxena.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹389.92 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹39.95 Cr (net margin 10.2%) and EBITDA of ₹64.71 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company has about 619 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Itron. As per MCA filings, the company has satisfied charges of ₹16 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.85 Cr; the latest was in December 2017. Its 10 peer companies in the Machinery and Equipment industry (Software Services, Testing Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Comparex India Private Limited with revenue of ₹422.15 Cr. The company has 17 MSME Form 1 returns on record between 2017 and 2024, listing 121 overdue payments to 20 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 itron.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBuilding No. 6B 5th Floor, Rmz Eco World Devarabisanahalli Bellandur, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, Software Development & 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 Itron India Private Limited
The main business activities of Itron India are trade and professional, scientific and technical. In detail, this covers wholesale trading and scientific research and development. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| M | Professional, Scientific and Technical | M5 | Scientific research and development | 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 Itron India Private Limited FY 2025 filings available
Itron India Private Limited reported revenue of ₹389.92 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Itron India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 9% growth in the latest year. EBITDA rose 9% 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 Itron India 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 | ₹64.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.95 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 Itron India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.2% | •••• | •••• | •••• | •••• |
| 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 Itron India 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 Itron India Private Limited
Itron India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Software Services, Testing Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Comparex India Private Limited | ₹422.15 Cr (FY 2021) | •••• | •••• | -16.0% | •••• | Delhi, India |
| Globeop Financial Services Technologies (India) Private Limited | ₹419.27 Cr (FY 2021) | •••• | •••• | -7.0% | •••• | Navi Mumbai, Maharashtra, India |
| Vernost Tech Ventures Private Limited | ₹409.08 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Mumbai, Maharashtra, India |
| Azentio Software Private Limited | ₹405.95 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Thane, Maharashtra, India |
| Media.Net Software Services (India) Private Limited | ₹405.89 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Itron India Private Limited this company | ₹389.92 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Adenza India Private Limited | ₹378.82 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Interviewbit Software Services Private Limited | ₹366.7 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bangalore, Karnataka, India |
| Gspann Technologies (India) Private Limited | ₹360.79 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Genesys Telecom Labs India Private Limited | ₹354.38 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Torry Harris Business Solutions Private Limited | ₹346.93 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Itron India by revenue in the Machinery and Equipment industry (Software Services, Testing Equipment), 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 Itron India Private Limited
Itron India Private Limited is audited by Deloitte Haskins & Sells Llp for the financial year 2023.
| 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 and KMP of Itron India Private Limited
Itron India Private Limited currently reports 2 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gokulmuthu Narayanaswamy Also directs: Urbint India Private Limited | Director | 04 Jul 2022 | 4 Years 3 Months | Current |
| Abhishek Saxena Also directs: Urbint India Private Limited | Director | 14 Jun 2013 | 13 Years 3 Months | Current |
| Mohit Aggarwal Also directs: Tavishi Advisory & Consultancy Services Private Limited | Company Secretary | 07 Jul 2013 | 13 Years 3 Months | Current |
Ownership and Shareholding of Itron India 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 Itron India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jan 2021 | Standard Chartered Bank | ₹15 Cr | Satisfied |
| 19 Apr 2017 | The Hongkong and Shanghai Banking Corporation Limited | ₹1 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Itron India Private Limited
Itron India Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.85 Cr; the latest was in December 2017.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Itron Global Sarl Seller: Itron Holding Belgium |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Itron Global Sarl Seller: Itron Holding Belgium |
| Mar 2012 | Funding round | ₹5 Cr | Investors: Itron Holding Belgium |
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 Itron India Private Limited
Itron India Private Limited has 6 court cases on record: 2 filed by Itron India, 4 filed against it. 2 cases are pending and 4 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Csii India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Deputy Commissioner State Tax and 3 others | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Maruti Traders | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Maruti Traders | Disposed |
Full case history
All 6 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 Itron India Private Limited
Itron India Private Limited has 17 MSME Form 1 returns on record between 2017 and 2024, listing 121 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vardaan Car Rental Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Capital Record Centre Private Limited | •••• | •••• | •••• |
| Anil Pawan & Co. | •••• | •••• | •••• |
| Kasadara 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.
Employees and EPFO Compliance at Itron India Private Limited
Itron India Private Limited has a workforce of 619 employees as of Apr 05, 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.
Name History of Itron India Private Limited
Itron India has undergone 2 name changes throughout its history. The company was previously known as Actaris Industries (India) Private Limited, and Schlumberger Industries (India) Private Limited. The current legal name is Itron India Private Limited.
| Company Name | Status |
|---|---|
| Itron India Private Limited | Current |
| Actaris Industries (India) Private Limited | Previous |
| Schlumberger Industries (India) Private Limited | Previous |
CIN History of Itron India Private Limited
Itron India has one previous CIN (Corporate Identification Number): U74899DL1990PTC041671. The current CIN is U74899KA1990PTC190581, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899KA1990PTC190581 | Current |
| U74899DL1990PTC041671 | Previous |
Recent Activity on Itron India Private Limited
Itron India Private Limited has 35 board changes on record since 2000: 19 appointments and 16 cessations. The latest: Pauline Chia Mangieri ceased to be Director on 04 Aug 2023.
31 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Itron India 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 Itron India 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 Itron India Private Limited
Itron India has 14 GST registrations: 2 active and 12 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCS6575L2ZN | Karnataka | Active | 01 Jul 2017 |
| 09AABCS6575L1ZQ | Uttar Pradesh | 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 Itron India 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 Itron India Private Limited
Itron India is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 05 October 1990 (36+ years old) and is registered under CIN U74899KA1990PTC190581.
Itron India reported revenue of ₹389.92 Cr for FY 2025 (up 9% YoY).
Itron India has 3 current directors and KMP:
- Gokulmuthu Narayanaswamy - Director
- Abhishek Saxena - Director
- Mohit Aggarwal - Company Secretary
Itron India reported a net profit of ₹39.95 Cr (net margin 10.2%) and EBITDA of ₹64.71 Cr (EBITDA margin 16.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Itron India is 13% over three years and 3% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Itron India is 29AABCS6575L2ZN, registered in Karnataka. The company has 14 GST registrations in all, of which 2 are active and 12 are cancelled or inactive. Other active GSTINs include 09AABCS6575L1ZQ (Uttar Pradesh).
The CIN (Corporate Identification Number) of Itron India is U74899KA1990PTC190581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itron India has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Itron India was incorporated on 05 October 1990, making it 36+ years old. It is registered with the Registrar of Companies, Bangalore.
Itron India has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.85 Cr; the latest was in December 2017.
The peers of Itron India by revenue are Comparex India Private Limited, Globeop Financial Services Technologies (India) Private Limited, Vernost Tech Ventures Private Limited, Azentio Software Private Limited, Media.Net Software Services (India) Private Limited and 5 more, all in the Machinery and Equipment industry (Software Services, Testing Equipment).
Pauline Chia Mangieri ceased to be Director on 04 Aug 2023. Gokulmuthu Narayanaswamy was appointed as Director on 04 Jul 2022. Meghasyam Dora ceased to be Alternate Director on 16 Jun 2022. Itron India has 35 board changes on record in total.