About Movate Technologies Private Limited
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Movate Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Movate (Mauritius) Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2000PTC115034. Its GSTIN is 33AABCG2679K1ZG (Tamil Nadu). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹41 Cr and a paid-up capital of ₹23.86 Cr. It was formerly known as Glow Networks Private Limited. It is led by directors including Jay Prakash Sahal and Anish Philip.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor Ambit IT Park No. 32A & B Ambit Road Ambattur Industrial Estate, Chennai, Tamil Nadu, India – 600058.
As per the financials filed for FY 2025, the company reported a revenue of ₹767.6 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹35.15 Cr (net margin 4.6%) and EBITDA of ₹132.45 Cr (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.
The company has about 6,998 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Movate. As per MCA filings, the company has open charges of ₹52 Cr and satisfied charges of ₹25 Lakh on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 11 cases are pending. The company has 3 deals on record (1 debt financing, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹503.59 Cr; the latest was in February 2020. The company has 4 MSME Form 1 returns on record between 2018 and 2024, listing 51 overdue payments to 17 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 movate.com.
Company details
CIN history
Movate Technologies has one previous CIN (Corporate Identification Number): U72900KA2000PTC027507. The current CIN is U72900TN2000PTC115034, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TN2000PTC115034 | Current |
| U72900KA2000PTC027507 | Previous |
Contact details
Movate Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is movate.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6th Floor Ambit IT Park No. 32A & B Ambit Road Ambattur Industrial Estate, Chennai, Tamil Nadu, India – 600058
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Movate Technologies 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
Movate Technologies operates one associated brand: Movate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT suite services including digital transformation and AI are provided. | movate.com |
Business activity
The main business activity of Movate Technologies is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Movate Technologies Private Limited, buy the company report.
Financials of Movate Technologies Private Limited
FY 2025 filings availableMovate Technologies Private Limited reported revenue of ₹767.6 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 7% growth in the latest year. EBITDA fell 5% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹767.6 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹132.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.15 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 17.3% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Movate Technologies Private Limited, buy the company report.
Board of directors of Movate Technologies Private Limited
Movate Technologies has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Prakash Sahal Also directs: Prescience Decision Solutions Private Limited | Director | 13 May 2025 | 1 Years 6 Months | Current |
| Anish Philip | Director | 10 May 2022 | 4 Years 6 Months | Current |
| Rajkumar Manee Also directs: Prescience Decision Solutions Private Limited | Director | 17 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Movate Technologies Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Movate Technologies Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Movate Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2023 | 100739314 | Others | ₹20 Cr | Open | |
| 12 Jun 2023 | 100739315 | Others | ₹1 Cr | Open | |
| 14 Dec 2009 | 10198568 | Others | ₹31 Cr | Open | |
| 29 Nov 2007 | 10078887 | Union Bank of India | ₹25 Lakh | Satisfied |
To see the full charge records of Movate Technologies Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Movate Technologies Private Limited has 3 deals on record (1 debt financing, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹503.59 Cr; the latest was in February 2020.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Movate Inc Seller: Glow Networks INC |
| Mar 2017 | Debt financing | ₹94.42 Cr | Investors: Movate Mauritius Limited |
To see the full deal history of Movate Technologies 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
Movate Technologies Private Limited has 13 court cases on record: 11 filed by Movate Technologies, 2 filed against it. 11 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 2 | 11 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against The Assistant / Deputy Commissioner of Income Tax | Pending |
| Madras High Court | Writ petition | Filed by the company against The Assistant / Deputy Commissioner of Income Tax | Pending |
| Madras High Court | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner of Income Tax | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Deputy Commissioner of Income Tax and 1 other | Pending |
To see the full case history of Movate Technologies 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
Movate Technologies Private Limited has 4 MSME Form 1 returns on record between 2018 and 2024, listing 51 overdue payments to 17 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 17)
To see the full MSME payment records of Movate Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Movate Technologies Private Limited has a workforce of 6,998 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6,998 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Movate Technologies Private Limited, buy the company report.
GST
Movate Technologies has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCG2679K1ZG | Tamil Nadu | Active | 01 Jul 2017 |
| 33AABCG2679K3ZE | Tamil Nadu | Active | 27 Dec 2017 |
| 33AABCG2679K4ZD | Tamil Nadu | Active | 14 Mar 2025 |
| 29AABCG2679K3Z3 | Karnataka | Active | 08 Jan 2018 |
To see the full GST registrations and return filing status of Movate Technologies Private Limited, buy the company report.
Recent activity
Movate Technologies Private Limited has 26 board changes on record since 2009: 3 appointments and 23 cessations. The latest: Jay Prakash Sahal ceased to be Additional Director on 29 Sep 2025.
23 earlier events are in the company report.
News
Frequently asked questions
Movate Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 July 2000 (26+ years old) and is registered under CIN U72900TN2000PTC115034.
Movate Technologies has 3 current directors:
- Jay Prakash Sahal - Director
- Anish Philip - Director
- Rajkumar Manee - Director
The latest financial statements of Movate Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Movate Technologies is 33AABCG2679K1ZG, registered in Tamil Nadu. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 33AABCG2679K3ZE (Tamil Nadu), 33AABCG2679K4ZD (Tamil Nadu), 29AABCG2679K3Z3 (Karnataka).
The CIN (Corporate Identification Number) of Movate Technologies is U72900TN2000PTC115034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Movate Technologies has 13 court cases on record: 11 filed by the company and 2 filed against it. 11 are pending.
Movate Technologies was incorporated on 25 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chennai.
Movate Technologies has 3 deals on record (1 debt financing, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹503.59 Cr; the latest was in February 2020.
Jay Prakash Sahal ceased to be Additional Director on 29 Sep 2025. Rajkumar Manee ceased to be Additional Director on 29 Sep 2025. Jay Prakash Sahal was appointed as Director on 13 May 2025. Movate Technologies has 26 board changes on record in total.
Movate Technologies has 4 MSME Form 1 returns on record between 2018 and 2024, listing 51 overdue payments to 17 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Movate Technologies can be reached through the website movate.com. Its registered office is in Chennai, Tamil Nadu, India.
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