About Lowe's India Private Limited
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Lowe's India Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Lhic Netherlands Ii B.V. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2013PTC069867. Its GSTIN is 29AAMCA4697C1ZB (Karnataka). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹71.41 Lakh. It was formerly known as Ansr Management Services India Private Limited. It is led by directors including Ankur Mittal (Managing Director) and Mayur Purandar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Building Willow – L2 Manyata Embassy Business Park SEZ Outer Ring Road Nagawara, Bengaluru, Karnataka, India – 560045.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,120.84 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹207.25 Cr (net margin 9.8%) and EBITDA of ₹395.47 Cr (EBITDA margin 18.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 20% over five years.
The company has about 4,323 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lowes India. As per MCA filings, the company has satisfied charges of ₹1 Cr on record. The company has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in December 2019. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is HCL Software Products Limited with revenue of ₹2,255.63 Cr. The company has 17 MSME Form 1 returns on record between 2015 and 2024, listing 237 overdue payments to 80 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 lowes.co.in.
Company details
Contact details
Lowe's India Private Limited's registered office is in Bengaluru, Karnataka. Its website is lowes.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBuilding Willow – L2 Manyata Embassy Business Park SEZ Outer Ring Road Nagawara, Bengaluru, Karnataka, India – 560045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Lowe's 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
Brands
Lowe's India operates one associated brand: Lowes India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT services, data analytics, and shared services for retail support. | lowes.co.in |
Business activity
The main business activity of Lowe's 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 Lowe's India Private Limited, buy the company report.
Financials of Lowe's India Private Limited
FY 2024 filings availableLowe's India Private Limited reported revenue of ₹2,120.84 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 15% growth in the latest year. EBITDA rose 14% 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 | ₹395.47 Cr | ||||
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| Net Profit (PAT) | ₹207.25 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 | 18.6% | ||||
| Net Profit Margin | 9.8% | ||||
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To see the full financial statements and ratios of Lowe's India Private Limited, buy the company report.
Board of directors of Lowe's India Private Limited
Lowe's India has 7 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayur Purandar | Director | 26 Mar 2020 | 6 Years 6 Months | Current |
| Ankur Mittal Also directs: Lowe's Blue Technology Private Limited | Managing Director | 24 May 2019 | 7 Years 4 Months | Current |
| Priyanka Sunit Rai Also directs: Lowe's Blue Technology Private Limited | Director | 26 Sep 2022 | 4 Years 0 Months | Current |
| Amit Kapur | Director | 27 Mar 2024 | 2 Years 6 Months | Current |
| Dan Clayton Griggs Jr | Director | 27 Mar 2024 | 2 Years 6 Months | Current |
| Erica Michelle Irvin | Additional Director | 09 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Lowe's India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| HCL Software Products Limited | ₹2,255.63 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| ZF India Private Limited | ₹2,200.67 Cr (FY 2025) | 7.0% | Chakan, Maharashtra, India | |||
| Nomura Services India Private Limited | ₹2,195.88 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Happiest Minds Technologies Limited | ₹2,162.22 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Zscaler Softech India Private Limited | ₹2,121.17 Cr (FY 2025) | 33.0% | Bengaluru, Karnataka, India | |||
| Lowe's India Private Limitedthis company | ₹2,120.84 Cr (FY 2025) | ₹207.25 Cr | 9.8% | 15.0% | 4,323 | Bengaluru, Karnataka, India |
| Astrazeneca India Private Limited | ₹2,087.83 Cr (FY 2025) | 35.0% | Chennai, Tamil Nadu, India | |||
| Fis Global Business Solutions India Private Limited | ₹2,081.97 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Harman Connected Services Corporation India Private Limited | ₹2,081.9 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| Outpost24x7 Techlabs Private Limited | ₹2,016.27 Cr (FY 2024) | Hyderabad, Telangana, India | ||||
| Valuemomentum Software Services Private Limited | ₹1,993.97 Cr (FY 2024) | -8.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Lowe's India Private Limited, buy the company report.
Auditor
Lowe's India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2022 | 117366W/W-100018 |
Shareholding
The shareholding of Lowe's India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
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To see the full shareholding pattern of Lowe's India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2018 | 100214743 | Hdfc Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Lowe's India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Lowe's India Private Limited has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in December 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: ANSR NC JV Holdings LLC |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: ANSR NC JV Holdings LLC |
| Jun 2014 | Rights issue | ₹3.2 Cr | Investors: ANSR NC JV Holdings LLC, an individual |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: ANSR NC JV Holdings LLC, an individual Seller: 2 individuals |
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 Lowe's 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
Lowe's India Private Limited has 17 MSME Form 1 returns on record between 2015 and 2024, listing 237 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Visit Health Private Limited | |||
| Archetype Agency Private Limited | |||
| Scalist Learning and Coaching Solutions LLP | |||
| Prohance India Private Limited | |||
| Provance Business Consulting Private Limited |
To see the full MSME payment records of Lowe's India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lowe's India Private Limited has a workforce of 4,323 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Lowe's India has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCA4697C1ZB | Karnataka | Active | 01 Jul 2017 |
| 29AAMCA4697C4Z8 | Karnataka | Active | 21 Nov 2020 |
| 29AAMCA4697C5Z7 | Karnataka | Active | 03 Dec 2021 |
| 29AAMCA4697C6Z6 | Karnataka | Active | 12 Mar 2025 |
To see the full GST registrations and return filing status of Lowe's India Private Limited, buy the company report.
Recent activity
Lowe's India Private Limited has 34 board changes on record since 2014: 8 appointments and 26 cessations. The latest: Erica Michelle Irvin was appointed as Additional Director on 09 Dec 2024.
27 earlier events are in the company report.
Frequently asked questions
Lowe's India is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 June 2013 (13+ years old) and is registered under CIN U72300KA2013PTC069867.
Lowe's India has 7 current directors:
- Ankur Mittal - Managing Director
- Mayur Purandar - Director
- Priyanka Sunit Rai - Director
- Amit Kapur - Director
- Dan Clayton Griggs Jr - Director
- Erica Michelle Irvin - Additional Director
- David Ray Green - Director
The latest financial statements of Lowe's India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Lowe's India is 29AAMCA4697C1ZB, registered in Karnataka. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAMCA4697C4Z8 (Karnataka), 29AAMCA4697C5Z7 (Karnataka), 29AAMCA4697C6Z6 (Karnataka).
The CIN (Corporate Identification Number) of Lowe's India is U72300KA2013PTC069867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lowe's India was incorporated on 28 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Lowe's India has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in December 2019.
The peers of Lowe's India by revenue are HCL Software Products Limited, ZF India Private Limited, Nomura Services India Private Limited, Happiest Minds Technologies Limited, Zscaler Softech India Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Erica Michelle Irvin was appointed as Additional Director on 09 Dec 2024. Amit Kapur ceased to be Additional Director on 29 Sep 2024. Dan Clayton Griggs Jr ceased to be Additional Director on 29 Sep 2024. Lowe's India has 34 board changes on record in total.
Lowe's India has 17 MSME Form 1 returns on record between 2015 and 2024, listing 237 overdue payments to 80 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Lowe's India can be reached through the website lowes.co.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Lowe's India is at Building Willow – L2 Manyata Embassy Business Park SEZ Outer Ring Road Nagawara, Bengaluru, Karnataka, India – 560045.