About Lockstep Network India Private Limited
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Lockstep Network India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Lockstep Network, Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72501PN2019FTC187354. Its GSTIN is 27AAECL0598H1ZA (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1.9 Lakh. It is led by directors Mahesh Inderpal Garg and Mudassar Zakariya Shaikh.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st And 2nd Flr Sky Loft Creaticity Mall Opp Golf Course Shastrinagar Yerwada, Pune, Maharashtra, India – 411006.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.92 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹7.74 Cr (net margin 9.6%) and EBITDA of ₹11.03 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 105% over three years and 177% over five years.
The company has about 119 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Finly. The company has 1 deal on record (1 rights issue); the latest was in August 2021. Its 5 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 2 smaller; the largest is Madhu Infotech (India) Private Limited with revenue of ₹81.72 Cr.
For more details, the company can be reached via its website lockstephq.com.
Company details
Contact details
Lockstep Network India Private Limited's registered office is in Pune, Maharashtra. Its website is lockstephq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st And 2nd Flr Sky Loft Creaticity Mall Opp Golf Course Shastrinagar Yerwada, Pune, Maharashtra, India – 411006
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Lockstep Network 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 Lockstep Network India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Lockstep Network India Private Limited, buy the company report.
Financials of Lockstep Network India Private Limited
FY 2025 filings availableLockstep Network India Private Limited reported revenue of ₹80.92 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 177%. EBITDA rose 257% 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 | ₹11.03 Cr | ||||
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| Net Profit (PAT) | ₹7.74 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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| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 9.6% | ||||
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To see the full financial statements and ratios of Lockstep Network India Private Limited, buy the company report.
Board of directors of Lockstep Network India Private Limited
Lockstep Network India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Inderpal Garg | Director | 30 Aug 2022 | 4 Years 1 Months | Current |
| Mudassar Zakariya Shaikh | Director | 19 Oct 2019 | 7 Years 0 Months | Current |
Peer comparison
Lockstep Network India Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhu Infotech (India) Private Limited | ₹81.72 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India | |||
| Data Ware Pvt Ltd | ₹81.49 Cr (FY 2017) | 0.0% | Kolkata, West Bengal, India | |||
| Plintron Global Technology Solutions Private Limited | ₹81.48 Cr (FY 2017) | -5.0% | Chennai, Tamil Nadu, India | |||
| Lockstep Network India Private Limitedthis company | ₹80.92 Cr (FY 2025) | ₹7.74 Cr | 9.6% | -17.0% | 119 | Pune, Maharashtra, India |
| Sureworks Infotech Private Limited | ₹80.76 Cr (FY 2024) | 27.0% | Bangalore, Karnataka, India | |||
| Madala Holdings Limited | ₹80.48 Cr (FY 2023) | -2.0% | Telangana, India |
To see the full peer comparison of Lockstep Network India Private Limited, buy the company report.
Auditor
Lockstep Network India Private Limited is audited by S R BATLIBOI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & CO LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Lockstep Network India Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Lockstep Network India Private Limited, buy the company report.
Deals & funding
Lockstep Network India Private Limited has 1 deal on record (1 rights issue); the latest was in August 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Rights issue | ₹14.67 Cr | Investors: Lockstep Network Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Lockstep Network India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lockstep Network India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Lockstep Network India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| VV Finly Technology Private Limited | U72200KA2019PTC121171 |
To see the full group structure of Lockstep Network India Private Limited, buy the company report.
Employees & EPFO
Lockstep Network India Private Limited has a workforce of 119 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Lockstep Network India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECL0598H1ZA | Maharashtra | Active | 12 Dec 2019 |
To see the full GST registrations and return filing status of Lockstep Network India Private Limited, buy the company report.
Recent activity
Lockstep Network India Private Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Veekshith Chandrashekar Rai ceased to be Director on 27 May 2024.
Frequently asked questions
Lockstep Network India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 October 2019 (7+ years old) and is registered under CIN U72501PN2019FTC187354.
Lockstep Network India has 2 current directors:
- Mahesh Inderpal Garg - Director
- Mudassar Zakariya Shaikh - Director
The latest financial statements of Lockstep Network India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Lockstep Network India is 27AAECL0598H1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Lockstep Network India is U72501PN2019FTC187354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lockstep Network India was incorporated on 19 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Lockstep Network India has 1 deal on record (1 rights issue); the latest was in August 2021.
The peers of Lockstep Network India by revenue are Madhu Infotech (India) Private Limited, Data Ware Pvt Ltd, Plintron Global Technology Solutions Private Limited, Sureworks Infotech Private Limited, Madala Holdings Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Veekshith Chandrashekar Rai ceased to be Director on 27 May 2024. Mahesh Inderpal Garg was appointed as Director on 30 Aug 2022. Manas Ramesh Varpe ceased to be Director on 30 Dec 2021. Lockstep Network India has 6 board changes on record in total.
Lockstep Network India can be reached through the website lockstephq.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Lockstep Network India is at 1st And 2nd Flr Sky Loft Creaticity Mall Opp Golf Course Shastrinagar Yerwada, Pune, Maharashtra, India – 411006.