About Marvell India Private Limited
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Marvell India Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 12 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72100PN2006PTC188891. Its GSTIN is 27AAECM5559R1ZL (Maharashtra). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹63.35 Cr and a paid-up capital of ₹53.78 Cr. It is led by directors including Ganesh Karnatakam and Tan Yew Siong.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Panchshil Business Park, Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,750.7 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹203.31 Cr (net margin 11.6%) and EBITDA of ₹376.49 Cr (EBITDA margin 21.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 26% over five years.
The company has about 1,436 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: SpicaWorks and Marvell. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 4 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹67.61 Cr; the latest was in August 2024. Its 9 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 4 smaller; the largest is Akamai Technologies India Private Limited with revenue of ₹1,906 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marvell.com.
Company details
CIN history
Marvell India has one previous CIN (Corporate Identification Number): U72100KA2006PTC038218. The current CIN is U72100PN2006PTC188891, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100PN2006PTC188891 | Current |
| U72100KA2006PTC038218 | Previous |
Contact details
Marvell India Private Limited's registered office is in Pune, Maharashtra. Its website is marvell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPanchshil Business Park Tower A, 8th & 9th Floor, Pune, Maharashtra, India – 411014
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Marvell 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
Marvell India operates two associated brands: SpicaWorks and Marvell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers semiconductor designing services. | spicaworks.com | |
| Semiconductor integrated circuits are manufactured, including processors and transceivers. | marvell.com |
Business activity
The main business activity of Marvell India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Marvell India Private Limited, buy the company report.
Financials of Marvell India Private Limited
FY 2025 filings availableMarvell India Private Limited reported revenue of ₹1,750.7 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 10% growth in the latest year. EBITDA rose 93% 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 | ₹376.49 Cr | ||||
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| Net Profit (PAT) | ₹203.31 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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| Profitability | |||||
| EBITDA Margin | 21.5% | ||||
| Net Profit Margin | 11.6% | ||||
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To see the full financial statements and ratios of Marvell India Private Limited, buy the company report.
Board of directors and KMP of Marvell India Private Limited
Marvell India Private Limited currently reports 4 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Karnatakam Also directs: Eximietas Design Private Limited | Director | 04 May 2023 | 3 Years 6 Months | Current |
| Bharathi Kanuj Also directs: Eximietas Design Private Limited, Celestial AI India LLP | Company Secretary | 29 Mar 2007 | 19 Years 7 Months | Current |
| Tan Yew Siong | Director | 24 Dec 2021 | 4 Years 10 Months | Current |
| Mark J Casper | Director | 24 Dec 2021 | 4 Years 10 Months | Current |
| Navin Bishnoi | Director | 17 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Marvell India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akamai Technologies India Private Limited | ₹1,906 Cr (FY 2025) | 24.0% | Bengaluru, Karnataka, India | |||
| Agilent Technologies (International) Private Limited | ₹1,889.33 Cr (FY 2025) | 10.0% | Gurgaon, Haryana, India | |||
| Allstate India Private Limited | ₹1,889.3 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Emerson Electric Company (India) Private Limited | ₹1,860.74 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Xilinx India Technology Services Private Limited | ₹1,815.35 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Marvell India Private Limitedthis company | ₹1,750.7 Cr (FY 2025) | ₹203.31 Cr | 11.6% | 10.0% | 1,436 | Pune, Maharashtra, India |
| Hesa Enterprises Private Limited | ₹1,720.88 Cr (FY 2025) | 64.0% | Hyderabad, Telangana, India | |||
| At & T Communication Services India Private Limited | ₹1,705.85 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Thomson Reuters International Services Private Limited | ₹1,660.6 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Microland Limited | ₹1,612.31 Cr (FY 2025) | 15.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Marvell India Private Limited, buy the company report.
Auditor
Marvell India Private Limited is audited by Delloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Delloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Marvell 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marvell India Private Limited, buy the company report.
Deals & funding
Marvell India Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹67.61 Cr; the latest was in August 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Secondary share transfer | Undisclosed | Seller: Qlogic international Holdings Inc, Cavium International, Marvell Switzerland Sarl |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Cavium International, Netxen, Inc., Qlogic international Holdings Inc Seller: Cavium Networks International, Qlogic LLC |
| Oct 2021 | Funding round | ₹33.58 Cr | Investors: Cavium India Holdings, Llc, Netxen, Inc., Qlogic international Holdings Inc |
| Oct 2010 | Funding round | ₹1.55 Cr | Investors: Marvell International Limited, Marvell Switzerland Sarl |
| Mar 2008 | Funding round | ₹27.13 Cr | Investors: Marvell International Limited |
To see the full deal history of Marvell India 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
Marvell India Private Limited has 9 court cases on record: 5 filed by Marvell India, 4 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 4 | 4 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (ARCO) | Filed against the company by M/S Smartworks Coworking Spaces Limited | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax-2, | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Assistant Commissioner of Income Tax | Pending |
| High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax, and 1 other | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR Commissioner of Income Tax | Pending |
To see the full case history of Marvell India 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 Marvell India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Marvell India has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Spicaworks India Private Limited | U72900KA2018PTC111980 | |
| Skandysys Private Limited | U74999KA2017PTC102598 |
To see the full group structure of Marvell India Private Limited, buy the company report.
Employees & EPFO
Marvell India Private Limited has a workforce of 1,436 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Marvell India has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM5559R1ZL | Maharashtra | Active | 01 Jul 2017 |
| 29AAECM5559R1ZH | Karnataka | Active | 01 Jul 2017 |
| 36AAECM5559R2ZL | Telangana | Active | 29 Jul 2021 |
| 33AAECM5559R1ZS | Tamil Nadu | Active | 24 Nov 2022 |
To see the full GST registrations and return filing status of Marvell India Private Limited, buy the company report.
Recent activity
Marvell India Private Limited has 16 board changes on record since 2007: 5 appointments and 11 cessations. The latest: Ganesh Karnatakam ceased to be Additional Director on 07 Sep 2023.
7 earlier events are in the company report.
News
Frequently asked questions
Marvell India is an active private limited company based in Pune, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 12 January 2006 (20+ years old) and is registered under CIN U72100PN2006PTC188891.
Marvell India has 5 current directors and KMP:
- Ganesh Karnatakam - Director
- Tan Yew Siong - Director
- Mark J Casper - Director
- Navin Bishnoi - Director
- Bharathi Kanuj - Company Secretary
The latest financial statements of Marvell India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marvell India is 27AAECM5559R1ZL, registered in Maharashtra. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAECM5559R1ZH (Karnataka), 36AAECM5559R2ZL (Telangana), 33AAECM5559R1ZS (Tamil Nadu).
The CIN (Corporate Identification Number) of Marvell India is U72100PN2006PTC188891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvell India has 9 court cases on record: 5 filed by the company and 4 filed against it. 4 are pending.
Marvell India was incorporated on 12 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Marvell India has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹67.61 Cr; the latest was in August 2024.
The peers of Marvell India by revenue are Akamai Technologies India Private Limited, Agilent Technologies (International) Private Limited, Allstate India Private Limited, Emerson Electric Company (India) Private Limited, Xilinx India Technology Services Private Limited and 4 more, all in the same principal business activity (other information & communication service activities).
Ganesh Karnatakam ceased to be Additional Director on 07 Sep 2023. Ganesh Karnatakam was appointed as Director on 04 May 2023. Navin Bishnoi ceased to be Additional Director on 30 Sep 2022. Marvell India has 16 board changes on record in total.
Marvell India can be reached through the website marvell.com. Its registered office is in Pune, Maharashtra, India.
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