Fortune MNC 500 India 2026 edition
Rank#29- Total income
- ₹31,096 Cr
- Profit
- ₹2,798 Cr
Last year #25
Ibm India Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹31,105 Cr
▲ 10% YoY
Net profit · FY 2024
₹2,798.1 Cr
Net margin 9%
EBITDA · FY 2024
₹5,350.2 Cr
EBITDA margin 17.2%
Authorised capital
₹250 Cr
Registered with MCA
Paid-up capital
₹230.36 Cr
Issued & subscribed
Open charges
₹39.35 Cr
Satisfied ₹380.56 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
85,144
Provident fund records
About Ibm India Private Limited
Data last updated:
Ibm India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ibm World Trade Corporation, Usa. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 13 June 1997 and has been in existence for over 29 years.
Ibm India is ranked #29 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1997PTC022382. Its GSTIN is 29AAACI4403L1ZK (Karnataka). The company holds 33 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹230.36 Cr. It was formerly known as Ibm Global Services India Pvt Ltd. It is led by directors including Sandip Patel (Managing Director) and Amit Sharma.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.12 Subramanya Arcade Bannerghatta Main Road Bangalore, Karnataka, India – 560029.
As per the financials filed for FY 2024, the company reported a revenue of ₹31,105 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹2,798.1 Cr (net margin 9%) and EBITDA of ₹5,350.2 Cr (EBITDA margin 17.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
The company has about 85,144 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: IBM. As per MCA filings, the company has open charges of ₹39.35 Cr and satisfied charges of ₹380.56 Cr on record. Court records list 963 cases involving the company, including 663 filed by the company and 300 filed against it; 125 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 ibm.com.
Company details
CIN U72200KA1997PTC022382
Registration Number 022382
Incorporation Date 13 June 1997
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ibm World Trade Corporation, Usa
Compliance Status Active Compliant
CIN history
Ibm India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200KA1997PTC022382, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA1997PTC022382 | Current |
| U72200KA1997FTC022382 | Previous |
| U07010KA1996PTC022382 | Previous |
Recognitions & Rankings of Ibm India
Contact details
Ibm India Private Limited's registered office is in Bangalore, Karnataka. Its website is ibm.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.12 Subramanya Arcade Bannerghatta Main Road Bangalore, Karnataka, India – 560029
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Ibm India Private Limited, buy the company report.
Comprehensive company report
Ibm 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
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Business activity
The main business activity of Ibm 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 Ibm India Private Limited, buy the company report.
Financials of Ibm India Private Limited
FY 2024 filings availableIbm India Private Limited reported revenue of ₹31,105 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹31,105 Cr ▲ 10%
Net profit · FY 2024
₹2,798.1 Cr margin 9%
EBITDA · FY 2024
₹5,350.2 Cr margin 17.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 7%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 6%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 10% growth in the latest year. EBITDA fell 2% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5,350.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,798.1 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.2% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ibm India Private Limited, buy the company report.
Board of directors of Ibm India Private Limited
Ibm India has 6 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip Patel | Managing Director | 04 Aug 2020 | 6 Years 2 Months | Current |
| Amit Sharma | Director | 26 Oct 2018 | 7 Years 11 Months | Current |
| Thirukkumaran Nagarajan | Director | 12 Jan 2022 | 4 Years 9 Months | Current |
| Usha Srikanth | Director | 04 Jun 2019 | 7 Years 4 Months | Current |
| Tejaswini Shrikant Rajwade | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Nisha Gopinath | Director | 10 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Ibm India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E300009 |
Shareholding
The shareholding of Ibm 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 Ibm India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹39.35 Cr
Satisfied charges
₹380.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 1995 | 90191380 | Bank of Baroda | ₹18 Cr | Open | |
| 03 Jul 1993 | 90191106 | Corportion Bank | ₹6.68 Cr | Open | |
| 24 Jun 1993 | 90191103 | Bank of Baroda | ₹4 Cr | Open | |
| 24 Jun 1993 | 90193726 | Bank of Baroda | ₹4 Cr | Open | |
| 03 May 1993 | 90191089 | Corportion Bank | ₹6.68 Cr | Open |
To see the full charge records of Ibm India Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Ibm India Private Limited has 963 court cases on record: 663 filed by Ibm India, 300 filed against it. 125 cases are pending and 838 are disposed.
Total cases
963
Filed by the company
663
Filed against the company
300
Pending
125
Disposed
838
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 720 | 146 | 70 |
| High courts | 216 | 135 | 48 |
| Supreme Court | 23 | 17 | 7 |
| NCLT | 3 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 963)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by M/S. Satelliteweave Ventures Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Customer Centria Enterprise Solutions Private Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against Sify Technologies Limited and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed by the company against M/S Satellite Weave Ventures Ltd., Rep by Its Director Vishnubhai Govind Bhai Chauhan | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Satellite Weave Ventures Limited | Pending |
To see the full case history of Ibm 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.
Credit ratings & regulatory alerts
Ibm India Private Limited was last rated by Icra on 05 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Nov 2021 |
To see the full credit ratings and regulatory alerts of Ibm India Private Limited, buy the company report.
MSME payment delays
Ibm India Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,944 overdue payments to 246 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 246)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Fulcrum Digital Private Limited | |||
| Global Knowledge Technologies | |||
| Dhanyaayai Enterprise Private Limited | |||
| Connectivity IT Services Private Limited | |||
| Acpl Exports Private Limited |
To see the full MSME payment records of Ibm India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ibm India has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Neudesic Technologies Private Limited | U72100DL2006PTC156140 | |
| Sterling Commerce Solutions India Private Limited | U72200KA2000PTC028101 | |
| Spartan Technology Services and Solutions Private Limited | U85110KA1993PTC014811 |
To see the full group structure of Ibm India Private Limited, buy the company report.
Employees & EPFO
Ibm India Private Limited has a workforce of 85,144 employees on its EPFO records as of May 14, 2024, across 1 active EPFO establishment.
Employee count
85,144
Active EPFO establishments
1
Employee growth
-4.78%
GST
Ibm India has 33 GST registrations: 17 active and 16 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
33
Active
17
Cancelled / inactive
16
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI4403L1ZK | Karnataka | Active | 01 Jul 2017 |
| 29AAACI4403L2ZJ | Karnataka | Active | 01 Jul 2017 |
| 06AAACI4403L1ZS | Haryana | Active | 01 Jul 2017 |
| 06AAACI4403L2ZR | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ibm India Private Limited, buy the company report.
Recent activity
Ibm India Private Limited has 31 board changes on record since 2008: 6 appointments and 25 cessations. The latest: Nisha Gopinath ceased to be Additional Director on 23 Sep 2025.
Ceased
Nisha Gopinath ceased to be Additional Director.
Appointed
Nisha Gopinath was appointed as Director.
AGM
Ibm India Private Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.
Charges
A charge registered on 28 Oct 1993 via Charge ID 90191146 with Anz Grindlays Bank was fully satisfied on 04 Sep 2024.
Charges
A charge registered on 23 Dec 1995 via Charge ID 90193966 with State Bank Of India was fully satisfied on 03 Jun 2024.
Charges
A charge registered on 17 Oct 1995 via Charge ID 90193951 with State Bank Of India was fully satisfied on 03 Jun 2024.
Charges
A charge registered on 06 Aug 1997 via Charge ID 90191839 with Canara Bank was fully satisfied on 30 May 2024.
Charges
A charge registered on 29 Dec 1994 via Charge ID 90193859 with Canara Bank was fully satisfied on 30 May 2024.
Charges
A charge registered on 27 Oct 1994 via Charge ID 90191322 with Canara Bank was fully satisfied on 30 May 2024.
Charges
A charge registered on 11 Oct 1994 via Charge ID 90193840 with Canara Bank was fully satisfied on 30 May 2024.
Charges
A charge registered on 24 Jul 1993 via Charge ID 90191117 with Canara Bank was fully satisfied on 30 May 2024.
Charges
A charge registered on 12 Jul 1995 via Charge ID 90191466 with Export-Import Bank Of India was fully satisfied on 10 Apr 2024.
62 earlier events are in the company report.
News
Frequently asked questions
Ibm India 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 13 June 1997 (29+ years old) and is registered under CIN U72200KA1997PTC022382.
Ibm India has 6 current directors:
- Sandip Patel - Managing Director
- Amit Sharma - Director
- Thirukkumaran Nagarajan - Director
- Usha Srikanth - Director
- Tejaswini Shrikant Rajwade - Director
- Nisha Gopinath - Director
The latest financial statements of Ibm India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 19 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ibm India is 29AAACI4403L1ZK, registered in Karnataka. The company has 33 GST registrations in all, of which 17 are active and 16 are cancelled or inactive. Other active GSTINs include 29AAACI4403L2ZJ (Karnataka), 06AAACI4403L1ZS (Haryana), 06AAACI4403L2ZR (Haryana).
The CIN (Corporate Identification Number) of Ibm India is U72200KA1997PTC022382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibm India has 963 court cases on record: 663 filed by the company and 300 filed against it. 125 are pending. Most are in the district courts.
Ibm India was incorporated on 13 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Nisha Gopinath ceased to be Additional Director on 23 Sep 2025. Nisha Gopinath was appointed as Director on 10 Jun 2025. Thirukkumaran Nagarajan ceased to be Additional Director on 29 Sep 2022. Ibm India has 31 board changes on record in total.
Ibm India has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,944 overdue payments to 246 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Ibm India can be reached through the website ibm.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ibm India is at No.12 Subramanya Arcade Bannerghatta Main Road Bangalore, Karnataka, India – 560029.