About Bristlecone India Limited
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Bristlecone India Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bristlecone Worldwide, Inc (Formerly Known As Bristlecone Limited). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U30007MH1991PTC064368. Its GSTIN is 27AAACM5186E1ZH (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹19.05 Cr. It was formerly known as Mahindra Consulting Limited and Network Software Private Limited. It is led by directors including Mohit Kapoor and Dhaval Jitendra Buch.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gateway Bldg Apollo Bunder, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹622.72 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹54.38 Cr (net margin 8.7%) and EBITDA of ₹85.99 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 13% over five years.
The company has about 2,411 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bristlecone. As per MCA filings, the company has open charges of ₹86.5 Cr and satisfied charges of ₹13 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bcone.com.
Name History
Bristlecone India has undergone 3 name changes throughout its history. The company was previously known as Mahindra Consulting Limited, Network Software Private Limited, and Network Software Limited. The current legal name is Bristlecone India Limited.
| Company Name | Status |
|---|---|
| Bristlecone India Limited | Current |
| Mahindra Consulting Limited | Previous |
| Network Software Private Limited | Previous |
| Network Software Limited | Previous |
CIN History
Bristlecone India has one previous CIN (Corporate Identification Number): U30007MH1991PLC064368. The current CIN is U30007MH1991PTC064368, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007MH1991PTC064368 | Current |
| U30007MH1991PLC064368 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressGateway Bldg Apollo Bunder, Mumbai, Maharashtra, India – 400001
- 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
Associated Brands
Bristlecone India operates one associated brand: Bristlecone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply chain services are provided via an AI-enabled platform. | bristlecone.com |
Business Activity
The main business activity of Bristlecone India 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
Financials of Bristlecone India Limited
FY 2025 filings availableBristlecone India Limited reported revenue of ₹622.72 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 19% growth in the latest year. EBITDA rose 75% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹85.99 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹54.38 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 13.8% | |
| Net Profit Margin | 8.7% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Bristlecone India are in the company report.
: available in the company report
Board of Directors of Bristlecone India Limited
Bristlecone India has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Kapoor Also directs: Mahindra Teqo Private Limited, Mahindra Accelo Limited | Director | 07 Feb 2022 | 4 Years 8 Months | Current |
| Dhaval Jitendra Buch | Director | 15 Apr 2024 | 2 Years 6 Months | Current |
| Divya Gulati Also directs: Illuminate Hybren Private Limited, Hazel Hybren Private Limited, Gelos Solren Private Limited and 5 more | Director | 15 Jan 2025 | 1 Years 9 Months | Current |
Peer Comparison
Bristlecone India Limited is compared with the 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). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mashreq Global Services Private Limited | ₹632.41 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Bristlecone India Limited this company | ₹622.72 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Aristocrat Technologies India Private Limited | ₹621.7 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Dadri, Uttar Pradesh, India |
| Realpage India Private Limited | ₹594.02 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
Peers are the companies nearest to Bristlecone India by revenue, above and below it, 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. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Sep 2018 | Others | ₹10 Cr | Open |
| 29 Dec 2004 | Axis Bank Limited | ₹76.5 Cr | Open |
| 24 Aug 2017 | Others | ₹1.5 Cr | Satisfied |
| 30 Mar 2011 | The Zoroastrian Co-Operative Bank Limited | ₹2 Cr | Satisfied |
| 29 Nov 2002 | The Zoroastrian Co-Operative Bank Limited | ₹2.5 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases
Bristlecone India Limited has 10 court cases on record: 6 filed by Bristlecone India, 5 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| High courts | 5 | 2 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Ms Arete Services Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Reliance Communications Infrastructure Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Ms Indranil Securities Private Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by Mahindra Consulting Ltd | Disposed |
| Bombay High Court | Appeal | Filed by the company against And Mahindra Consul-Ting Ltd and 1 other | Disposed |
: available in the company report
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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Bristlecone India.
: available in the company report
Recent Activity
Bristlecone India Limited has 20 board changes on record since 2007: 3 appointments and 17 cessations. The latest: Divya Gulati ceased to be Additional Director on 22 Jan 2025.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Bristlecone India has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5186E1ZH | Maharashtra | Active | 01 Jul 2017 |
| 27AAACM5186E2ZG | Maharashtra | Active | 23 Sep 2022 |
| 09AAACM5186E1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AAACM5186E1ZD | Karnataka | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Bristlecone India is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 December 1991 (35+ years old) and is registered under CIN U30007MH1991PTC064368.
Bristlecone India has 3 current directors:
- Mohit Kapoor - Director
- Dhaval Jitendra Buch - Director
- Divya Gulati - Director
The latest financial statements of Bristlecone India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bristlecone India is 27AAACM5186E1ZH, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACM5186E2ZG (Maharashtra), 09AAACM5186E1ZF (Uttar Pradesh), 29AAACM5186E1ZD (Karnataka).
The CIN (Corporate Identification Number) of Bristlecone India is U30007MH1991PTC064368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bristlecone India has 10 court cases on record: 6 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Bristlecone India was incorporated on 10 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bristlecone India by revenue are Mashreq Global Services Private Limited, Aristocrat Technologies India Private Limited, Realpage India Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Divya Gulati ceased to be Additional Director on 22 Jan 2025. Divya Gulati was appointed as Director on 15 Jan 2025. Dhaval Jitendra Buch ceased to be Additional Director on 21 Apr 2024. Bristlecone India has 20 board changes on record in total.
Bristlecone India can be reached through the website bcone.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Bristlecone India is at Gateway Bldg Apollo Bunder, Mumbai, Maharashtra, India – 400001.