India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#461- Valuation
- ₹7,800 Cr
2022 #378
Marketxpander Services Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹366.34 Cr
▲ 13% YoY
Net loss · FY 2025
₹89.28 Cr
Net margin -24.4%
EBITDA · FY 2025
-₹71.64 Cr
EBITDA margin -19.6%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹7.13 Cr
Issued & subscribed
Open charges
₹18 Cr
Satisfied ₹10 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
1,226
Provident fund records
About Marketxpander Services Private Limited
Data last updated:
Marketxpander Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 23 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2011PTC059300. Its GSTIN is 29AAHCM2674E1ZB (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹7.13 Cr. It is led by directors including Prashant Kumar Singh and Nilesh Patel.
Its last annual general meeting (AGM) was held on 12 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 ₹366.34 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹89.28 Cr (net margin -24.4%) and EBITDA of -₹71.64 Cr (EBITDA margin -19.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 44% over five years.
The company has about 1,226 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: LeadSquared. As per MCA filings, the company has open charges of ₹18 Cr and satisfied charges of ₹10 Cr on record. Court records list 31 cases involving the company, including 27 filed by the company and 4 filed against it; 23 cases are pending. The company has 22 deals on record (10 funding rounds, 9 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,091.48 Cr; the latest was in November 2022. Its 4 peer companies in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Capillary Technologies India Limited with revenue of ₹611.87 Cr.
Marketxpander Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0057235). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website leadsquared.com.
Company details
CIN U74140KA2011PTC059300
Registration Number 059300
Incorporation Date 23 June 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0057235
Recognitions & Rankings of Marketxpander Services
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0057235
Contact details
Marketxpander Services Private Limited's registered office is in Bangalore, Karnataka. Its website is leadsquared.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address2nd Floor Omega Embassy Techsquare, Marathahalli – Sarjapur Outer Ring Road, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Marketxpander Services Private Limited, buy the company report.
Comprehensive company report
Marketxpander Services Private Limited - one report that includes everything
- 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
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Brands
Marketxpander Services operates one associated brand: LeadSquared. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-driven CRM and marketing automation platform is provided by LeadSquared. | leadsquared.com |
Business activity
The main business activity of Marketxpander Services 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 Marketxpander Services Private Limited, buy the company report.
Financials of Marketxpander Services Private Limited
FY 2025 filings availableMarketxpander Services Private Limited reported revenue of ₹366.34 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹366.34 Cr ▲ 13%
Net loss · FY 2025
₹89.28 Cr margin -24.4%
EBITDA · FY 2025
-₹71.64 Cr margin -19.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 22%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▼ 8%
5 years · compounded
▼ 43%
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 13% growth in the latest year. EBITDA rose 48% 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 | -₹71.64 Cr | ||||
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| Net Profit (PAT) | -₹89.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.6% | ||||
| Net Profit Margin | -24.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Marketxpander Services Private Limited, buy the company report.
Board of directors of Marketxpander Services Private Limited
Marketxpander Services has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Kumar Singh Also directs: Spin Holdings Private Limited | Director | 23 Jun 2011 | 15 Years 4 Months | Current |
| Gopal Jain Also directs: Bakers Circle (India) Pvt Ltd, Shivani Mercantile Private Limited, Gaja Alternative Asset Management Limited and 4 more | Nominee Director | 05 Aug 2021 | 5 Years 2 Months | Current |
| Nilesh Patel Also directs: Spin Holdings Private Limited | Director | 23 Jun 2011 | 15 Years 4 Months | Current |
| Sidharth Malik Also directs: Value Tech Software LLP, Keka Technologies Private Limited | Nominee Director | 28 Mar 2025 | 1 Years 6 Months | Current |
| Rishit Desai Also directs: Keka Technologies Private Limited, Tech Uniapps (India) Services Private Limited, Manazed Technologies Private Limited and 1 more | Nominee Director | 28 Mar 2025 | 1 Years 6 Months | Current |
| Imran Jafar Also directs: Gaja Alternative Asset Management Limited, Educational Initiatives Private Limited, CL Educate Limited and 5 more | Nominee Director | 14 Dec 2020 | 5 Years 10 Months | Current |
Peer comparison
Marketxpander Services Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (SaaS Providers), 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 |
|---|---|---|---|---|---|---|
| Capillary Technologies India Limited | ₹611.87 Cr (FY 2025) | 14.0% | Bangalore, Karnataka, India | |||
| Moveinsync Technology Solutions Private Limited | ₹548.38 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India | |||
| Marketxpander Services Private Limitedthis company | ₹366.34 Cr (FY 2025) | -₹89.28 Cr | -24.4% | 13.0% | 1,226 | Bangalore, Karnataka, India |
| Sas Institute (India) Private Limited | ₹287.87 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Cyberark Software (India) Private Limited | ₹232.63 Cr (FY 2025) | 46.0% | Raidurg, Telangana, India |
To see the full peer comparison of Marketxpander Services Private Limited, buy the company report.
Auditor
Marketxpander Services Private Limited is audited by B S R & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Marketxpander Services Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Marketxpander Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18 Cr
Satisfied charges
₹10 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2020 | 100358800 | Hdfc Bank Limited | ₹18 Cr | Open | |
| 24 Jun 2019 | 100282025 | Yes Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Marketxpander Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Marketxpander Services Private Limited has 22 deals on record (10 funding rounds, 9 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,091.48 Cr; the latest was in November 2022.
Total deals
22
Funding rounds
10
Secondary share transfers
9
Convertible or debt financings
2
Debt financing
1
Disclosed funding
₹1,091.48 Cr
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ipragmatech Solutions Private Limited |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Nalashaa Technologies India Private Limited , 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Dreamorbit Softech Private Limited |
| Apr 2013 | Funding round · Seed | ₹4.07 Cr | Investors: Spin Holdings Private Limited , 3 individuals |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: Spin Holdings Private Limited Seller: an individual |
To see the full deal history of Marketxpander Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Marketxpander Services Private Limited has 31 court cases on record: 27 filed by Marketxpander Services, 4 filed against it. 23 cases are pending and 8 are disposed.
Total cases
31
Filed by the company
27
Filed against the company
4
Pending
23
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 1 | 19 |
| District courts | 11 | 3 | 4 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (C.O. (COMM.IPD-TM)) | Filed by the company against Nopaperforms Solutions Private Limited & Anr. | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Mythiksha School Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Piquor Technologies Pvt Ltd | Pending |
| High Court | Writ petition | Filed against the company by Shadowfax Technologies Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed against the company by M/S Bada Business Pvt Ltd | Disposed |
To see the full case history of Marketxpander Services Private Limited, buy 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Marketxpander Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Marketxpander Services Private Limited has a workforce of 1,226 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
1,226
Active EPFO establishments
1
Employee growth
1.32%
GST
Marketxpander Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCM2674E1ZB | Karnataka | Active | 01 Jul 2017 |
| 27AAHCM2674E1ZF | Maharashtra | Active | 18 Oct 2024 |
To see the full GST registrations and return filing status of Marketxpander Services Private Limited, buy the company report.
Recent activity
Marketxpander Services Private Limited has 11 board changes on record since 2011: 6 appointments and 5 cessations. The latest: Sudhakar Gorti ceased to be Director on 09 May 2025.
AGM
Marketxpander Services Private Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Ceased
Sudhakar Gorti ceased to be Director.
Filing
Marketxpander Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Rishit Desai was appointed as Nominee Director.
Appointed
Sidharth Malik was appointed as Nominee Director.
Charges
A charge registered on 24 Jun 2019 via Charge ID 100282025 with Yes Bank Limited was fully satisfied on 12 Jun 2024.
Ceased
Sumir Chadha ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 18.00 Cr registered on 02 Jun 2020 with Charge ID 100358800 was modified on 27 Sep 2021.
Charges
A charge with Yes Bank Limited of Rs. 10.00 Cr registered on 24 Jun 2019 with Charge ID 100282025 was modified on 18 Sep 2021.
Ceased
Gopal Jain ceased to be Additional Director.
Appointed
Gopal Jain was appointed as Nominee Director.
Ceased
Imran Jafar ceased to be Additional Director.
7 earlier events are in the company report.
News
Frequently asked questions
Marketxpander Services is an active private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 23 June 2011 (15+ years old) and is registered under CIN U74140KA2011PTC059300.
Marketxpander Services has 6 current directors:
- Prashant Kumar Singh - Director
- Gopal Jain - Nominee Director
- Nilesh Patel - Director
- Sidharth Malik - Nominee Director
- Rishit Desai - Nominee Director
- Imran Jafar - Nominee Director
The latest financial statements of Marketxpander Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marketxpander Services is 29AAHCM2674E1ZB, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAHCM2674E1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Marketxpander Services is U74140KA2011PTC059300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marketxpander Services has 31 court cases on record: 27 filed by the company and 4 filed against it. 23 are pending. Most are in the high courts.
Marketxpander Services was incorporated on 23 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Marketxpander Services has 22 deals on record (10 funding rounds, 9 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹1,091.48 Cr; the latest was in November 2022.
The peers of Marketxpander Services by revenue are Capillary Technologies India Limited, Moveinsync Technology Solutions Private Limited, Sas Institute (India) Private Limited, Cyberark Software (India) Private Limited, all in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related activities).
Sudhakar Gorti ceased to be Director on 09 May 2025. Rishit Desai was appointed as Nominee Director on 28 Mar 2025. Sidharth Malik was appointed as Nominee Director on 28 Mar 2025. Marketxpander Services has 11 board changes on record in total.
Yes, Marketxpander Services is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0057235).