India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Raghunandana Tangirala & family ₹1,100 Cr
Revenue · FY 2025
₹503.9 Cr
▲ 17% YoY
Net profit · FY 2025
₹19.09 Cr
Net margin 3.8%
EBITDA · FY 2025
₹26.13 Cr
EBITDA margin 5.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.68 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹74.44 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
4,661
Provident fund records
About Denave India Private Limited
Data last updated:
Denave India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Updater Services Limited. It operates in the business process outsourcing sector. It was incorporated on 12 January 1999 and has been in existence for over 27 years.
Its director Raghunandana Tangirala and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U85110DL1999PTC190362. Its GSTIN is 27AABCD0052F1Z8 (Maharashtra). The company holds 9 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.68 Cr. It was formerly known as Denave Software India Private Limited. It is led by directors including Snehashish Bhattacharjee (Whole-Time Director) and Subinder Jeet Singh Khurana.
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 400 – A 4th Floor 12 Ajit Singh House, Yusuf Sarai Commercial Complex Near Green Park Metro Sation Exit 2 New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹503.9 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹19.09 Cr (net margin 3.8%) and EBITDA of ₹26.13 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 16% over five years.
The company has about 4,661 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Denave. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹74.44 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 1 case is pending. The company has 4 deals on record (4 secondary share transfers); the latest was in January 2018. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 41 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 denave.com.
Company details
CIN U85110DL1999PTC190362
Registration Number 190362
Incorporation Date 12 January 1999
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Updater Services Limited
Compliance Status Active Compliant
CIN history
Denave India has one previous CIN (Corporate Identification Number): U85110KA1999PTC024626. The current CIN is U85110DL1999PTC190362, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110DL1999PTC190362 | Current |
| U85110KA1999PTC024626 | Previous |
Key People
Snehashish Bhattacharjee Whole-Time Director Saravanan Ramachandran Chittary Nominee Director Subinder Jeet Singh Khurana Director Recognitions & Rankings of Denave India
Contact details
Denave India Private Limited's registered office is in New Delhi, Delhi. Its website is denave.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address400 – A 4th Floor 12 Ajit Singh House, Yusuf Sarai Commercial Complex Near Green Park Metro Sation Exit 2 New Delhi, Delhi, India – 110016
- IndustryBusiness Outsourcing, Business Process Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Denave India Private Limited, buy the company report.
Comprehensive company report
Denave India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Denave India operates one associated brand: Denave. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered sales enablement and revenue development services are provided. | denave.com |
Business activity
The main business activities of Denave India are professional, scientific and technical and support service to organizations. In detail, this covers management consultancy activities and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Denave India Private Limited, buy the company report.
Financials of Denave India Private Limited
FY 2025 filings availableDenave India Private Limited reported revenue of ₹503.9 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹503.9 Cr ▲ 17%
Net profit · FY 2025
₹19.09 Cr margin 3.8%
EBITDA · FY 2025
₹26.13 Cr margin 5.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 26%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 20%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 17% growth in the latest year. EBITDA fell 11% 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 | ₹503.9 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹26.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.09 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Denave India Private Limited, buy the company report.
Board of directors of Denave India Private Limited
Denave India has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saravanan Ramachandran Chittary | Nominee Director | 23 Nov 2021 | 4 Years 11 Months | Current |
| Snehashish Bhattacharjee | Whole-Time Director | 30 Mar 2001 | 25 Years 6 Months | Current |
| Subinder Jeet Singh Khurana | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
| Elizabeth Jacob | Nominee Director | 28 Sep 2023 | 3 Years 0 Months | Current |
| Sunil Rewachand Chandiramani | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
| Raghunandana Tangirala Also directs: Athena BPO Private Limited, Matrix Business Services India Private Limited, Updater Services Limited and 5 more | Nominee Director | 23 Nov 2021 | 4 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Denave India 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 Denave 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 Denave India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹74.44 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2024 | 100965297 | Others | ₹10 Cr | Open | |
| 28 Feb 2020 | 100328636 | Others | ₹6 Cr | Satisfied | |
| 26 Jul 2017 | 100124093 | Axis Bank Limited | ₹11 Cr | Satisfied | |
| 31 Aug 2016 | 100066406 | Hdfc Bank Limited | ₹24 Cr | Satisfied | |
| 22 Nov 2012 | 10390435 | Srei Equipment Finance Private Limited | ₹20.21 Lakh | Satisfied |
To see the full charge records of Denave India Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Denave India Private Limited has 4 deals on record (4 secondary share transfers); the latest was in January 2018.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Denave India Private Limited has 10 court cases on record: 5 filed by Denave India, 5 filed against it. 1 case is pending and 9 are disposed.
Total cases
10
Filed by the company
5
Filed against the company
5
Pending
1
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd., | Disposed |
| District court, East, Delhi | Civil suit | Filed against the company by M/S. Index Impex Pvt. Ltd. | Disposed |
| District court, East, Delhi | Civil suit | Filed by the company against Ms Lindex Impex Pvt. Ltd. and 5 others | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by an individual | Pending |
| District court, RAJKOT, Gujarat | Court case (WC FATAL LC) | Filed against the company by individuals | Disposed |
To see the full case history of Denave 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
Denave India Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 41 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 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Boldsun Marketing Private Limited | |||
| an individual supplier | |||
| Trend Setters | |||
| an individual supplier |
To see the full MSME payment records of Denave India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Denave India Private Limited has a workforce of 4,661 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
Employee count
4,661
Active EPFO establishments
2
Employee growth
30.12%
GST
Denave India has 9 GST registrations: 3 active and 6 cancelled or inactive.
Total GSTINs
9
Active
3
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD0052F1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 29AABCD0052F2Z3 | Karnataka | Active | 01 Jul 2017 |
| 19AABCD0052F1Z5 | West Bengal | Active | 11 Jul 2017 |
To see the full GST registrations and return filing status of Denave India Private Limited, buy the company report.
Recent activity
Denave India Private Limited has 17 board changes on record since 2001: 7 appointments and 10 cessations. The latest: Jigyasa Sharma was appointed as Nominee Director on 31 Jan 2024.
AGM
Denave India Private Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Filing
Denave India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100965297 was registered on 05 Aug 2024.
Appointed
Jigyasa Sharma was appointed as Nominee Director.
Appointed
Elizabeth Jacob was appointed as Nominee Director.
Charges
A charge registered on 15 Feb 2007 via Charge ID 10038857 with Yes Bank Limited was fully satisfied on 03 Apr 2023.
Charges
A charge registered on 31 Aug 2016 via Charge ID 100066406 with Hdfc Bank Limited was fully satisfied on 16 Feb 2023.
Ceased
Subinder Jeet Singh Khurana ceased to be Additional Director.
Ceased
Sunil Rewachand Chandiramani ceased to be Additional Director.
Appointed
Subinder Jeet Singh Khurana was appointed as Director.
Appointed
Sunil Rewachand Chandiramani was appointed as Director.
Ceased
Shelly Sharma ceased to be Company Secretary.
64 earlier events are in the company report.
News
Frequently asked questions
Denave India is an active private limited company based in New Delhi, Delhi, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 12 January 1999 (27+ years old) and is registered under CIN U85110DL1999PTC190362.
Denave India has 7 current directors:
- Snehashish Bhattacharjee - Whole-Time Director
- Saravanan Ramachandran Chittary - Nominee Director
- Subinder Jeet Singh Khurana - Director
- Elizabeth Jacob - Nominee Director
- Sunil Rewachand Chandiramani - Director
- Raghunandana Tangirala - Nominee Director
- Jigyasa Sharma - Nominee Director
The latest financial statements of Denave India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Denave India is 27AABCD0052F1Z8, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 29AABCD0052F2Z3 (Karnataka), 19AABCD0052F1Z5 (West Bengal).
The CIN (Corporate Identification Number) of Denave India is U85110DL1999PTC190362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Denave India has 10 court cases on record: 5 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Denave India was incorporated on 12 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Delhi.
Denave India has 4 deals on record (4 secondary share transfers); the latest was in January 2018.
Jigyasa Sharma was appointed as Nominee Director on 31 Jan 2024. Elizabeth Jacob was appointed as Nominee Director on 28 Sep 2023. Subinder Jeet Singh Khurana ceased to be Additional Director on 30 Sep 2022. Denave India has 17 board changes on record in total.
Denave India has 11 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 41 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Denave India can be reached through the website denave.com. Its registered office is in New Delhi, Delhi, India.