MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0042939
Pierian Services Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹236.18 Cr
▲ 39% YoY
Net profit · FY 2024
₹9.98 Cr
Net margin 4.2%
EBITDA · FY 2024
₹21.32 Cr
EBITDA margin 9%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.61 Cr
Issued & subscribed
Open charges
₹32.02 Cr
Satisfied ₹4.39 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
1,866
Provident fund records
About Pierian Services Private Limited
Data last updated:
Pierian Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 27 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2002PTC031404. Its GSTIN is 29AACCP9784B1Z2 (Karnataka). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.61 Cr. It is led by directors including Chetan Venugopal (Whole-Time Director) and Kanathur Gurunath Narasimhamurthy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at N0.979 1st Floor 19th Main13Th Cross B.S.K 2nd Stage Bangalore, Karnataka, India – 560070.
As per the financials filed for FY 2024, the company reported a revenue of ₹236.18 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹9.98 Cr (net margin 4.2%) and EBITDA of ₹21.32 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 33% over five years.
The company has about 1,866 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Pierian Services. As per MCA filings, the company has open charges of ₹32.02 Cr and satisfied charges of ₹4.39 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 3 filed against it; 2 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.35 Cr; the latest was in February 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier.
Pierian Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0042939). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pierianservices.com.
Company details
CIN U74140KA2002PTC031404
Registration Number 031404
Incorporation Date 27 December 2002
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0042939
Key People
Chetan Venugopal Whole-Time Director Kanathur Gurunath Narasimhamurthy Whole-Time Director Manish Aggarwal Director Recognitions & Rankings of Pierian Services
Contact details
Pierian Services Private Limited's registered office is in Bangalore, Karnataka. Its website is pierianservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressN0.979 1st Floor 19th Main13Th Cross B.S.K 2nd Stage Bangalore, Karnataka, India – 560070
- IndustryBusiness Outsourcing, Accounting and Financial Analysis, Business Process Outsourcing
To see the full contact details of Pierian Services Private Limited, buy the company report.
Comprehensive company report
Pierian 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
Pierian Services operates one associated brand: Pierian Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of HR and finance BPO services | pierianservices.com |
Business activity
The main business activity of Pierian Services is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Pierian Services Private Limited, buy the company report.
Financials of Pierian Services Private Limited
FY 2024 filings availablePierian Services Private Limited reported revenue of ₹236.18 Cr (up 39% YoY) for FY 2024.
Revenue · FY 2024
₹236.18 Cr ▲ 39%
Net profit · FY 2024
₹9.98 Cr margin 4.2%
EBITDA · FY 2024
₹21.32 Cr margin 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 51%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 40%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 39% growth in the latest year. EBITDA rose 29% 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 | ₹21.32 Cr | ||||
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| Net Profit (PAT) | ₹9.98 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Pierian Services Private Limited, buy the company report.
Board of directors of Pierian Services Private Limited
Pierian Services has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Aggarwal | Director | 06 Apr 2018 | 8 Years 6 Months | Current |
| Chetan Venugopal Also directs: Archstone Properties LLP, CVGK Advisors LLP, E Analytics Partners (India) LLP and 5 more | Whole-Time Director | 29 Aug 2016 | 10 Years 1 Months | Current |
| Kanathur Gurunath Narasimhamurthy Also directs: Archstone Properties LLP, CVGK Advisors LLP, E Analytics Partners (India) LLP and 5 more | Whole-Time Director | 29 Aug 2016 | 10 Years 1 Months | Current |
Shareholding
The shareholding of Pierian Services 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 Pierian Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹32.02 Cr
Satisfied charges
₹4.39 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2023 | 100748623 | Axis Bank Limited | ₹49.7 Lakh | Open | |
| 27 Sep 2018 | 100209063 | Others | ₹31.52 Cr | Open | |
| 29 Mar 2012 | 10348808 | The Karnataka Bank Limited | ₹49.5 Lakh | Satisfied | |
| 21 Dec 2010 | 10255912 | The Karnataka Bank Limited | ₹39 Lakh | Satisfied | |
| 17 Mar 2005 | 80012098 | Others | ₹3.5 Cr | Satisfied |
To see the full charge records of Pierian Services Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Pierian Services Private Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.35 Cr; the latest was in February 2024.
Total deals
8
Secondary share transfers
5
Funding rounds
2
Rights issue
1
Disclosed funding
₹1.35 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2022 | Funding round | ₹84.6 Lakh | Investors: Radiare Software Solutions Private Limited |
| Sep 2018 | Rights issue | ₹1.35 Cr | Investors: Cognitive Stars Pte Limited, Startup Buddy |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Resource Square Solution Private Limited, an individual |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: NextProcess Inc |
To see the full deal history of Pierian 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
Pierian Services Private Limited has 15 court cases on record: 12 filed by Pierian Services, 3 filed against it. 2 cases are pending and 13 are disposed.
Total cases
15
Filed by the company
12
Filed against the company
3
Pending
2
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 2 |
| High courts | 6 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against M/S Truglobal Software India Pvt Ltd | Pending |
| High Court | Appeal | Filed against the company by Inatech Infosolutions Pvt Ltd | Disposed |
| High Court | Court case (OSA) | Filed by the company against M/S Inatech Infosolutions Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against M/S Truglobal Software India Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against M/S Truglobal Software India Pvt Ltd | Disposed |
To see the full case history of Pierian 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
Pierian Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Pierian Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Pierian Services has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Pierian Digital Private Limited | U72200KA2016PTC092686 |
To see the full group structure of Pierian Services Private Limited, buy the company report.
Employees & EPFO
Pierian Services Private Limited has a workforce of 1,866 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
1,866
Active EPFO establishments
1
Employee growth
5.3%
GST
Pierian Services has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCP9784B1Z2 | Karnataka | Active | 01 Jul 2017 |
| 27AACCP9784B1Z6 | Maharashtra | Active | 28 Mar 2019 |
| 06AACCP9784B1ZA | Haryana | Active | 13 Sep 2019 |
| 33AACCP9784B1ZD | Tamil Nadu | Active | 01 Feb 2022 |
To see the full GST registrations and return filing status of Pierian Services Private Limited, buy the company report.
Recent activity
Pierian Services Private Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Subramaniam Sankara Ganapathy Swaminathan Muthu ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Others of Rs. 31.52 Cr registered on 27 Sep 2018 with Charge ID 100209063 was modified on 17 Oct 2025.
AGM
Pierian Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pierian Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Subramaniam Sankara Ganapathy Swaminathan Muthu ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100748623 was registered on 24 Feb 2023.
Charges
A charge registered on 29 Mar 2012 via Charge ID 10348808 with The Karnataka Bank Limited was fully satisfied on 09 Nov 2018.
Charges
A charge registered on 17 Mar 2005 via Charge ID 80012098 with Others was fully satisfied on 09 Nov 2018.
Ceased
Manish Aggarwal ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 31.52 Cr with Charge ID 100209063 was registered on 27 Sep 2018.
Appointed
Manish Aggarwal was appointed as Director.
Charges
A charge with Others of Rs. 3.50 Cr registered on 17 Mar 2005 with Charge ID 80012098 was modified on 25 Oct 2017.
Ceased
Chetan Venugopal ceased to be Additional Director.
11 earlier events are in the company report.
News
Frequently asked questions
Pierian Services is an active private limited company based in Bangalore, Karnataka, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 27 December 2002 (24+ years old) and is registered under CIN U74140KA2002PTC031404.
Pierian Services has 3 current directors:
- Chetan Venugopal - Whole-Time Director
- Kanathur Gurunath Narasimhamurthy - Whole-Time Director
- Manish Aggarwal - Director
The latest financial statements of Pierian Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Pierian Services is 29AACCP9784B1Z2, registered in Karnataka. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 27AACCP9784B1Z6 (Maharashtra), 06AACCP9784B1ZA (Haryana), 33AACCP9784B1ZD (Tamil Nadu).
The CIN (Corporate Identification Number) of Pierian Services is U74140KA2002PTC031404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pierian Services has 15 court cases on record: 12 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Pierian Services was incorporated on 27 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Pierian Services has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.35 Cr; the latest was in February 2024.
Subramaniam Sankara Ganapathy Swaminathan Muthu ceased to be Additional Director on 29 Sep 2023. Manish Aggarwal ceased to be Additional Director on 29 Sep 2018. Manish Aggarwal was appointed as Director on 06 Apr 2018. Pierian Services has 10 board changes on record in total.
Yes, Pierian Services is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0042939).
Pierian Services has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 28 May 2019.