Syntel Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72200MH1992PTC066730 Incorporated 12 May 1992 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company information technology
Data last updated
Revenue · FY 2024
₹4,090 Cr
▲ 1% YoY
Net profit · FY 2024
₹114 Cr
Net margin 2.8%
EBITDA · FY 2024
₹523 Cr
EBITDA margin 12.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹59.05 Lakh
Issued & subscribed
Open charges
₹68.86 Lakh
Satisfied ₹25 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
15,601
Provident fund records

About Syntel Private Limited

Data last updated:

Syntel Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Syntel Llc (Formerly Known Syntel Inc). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 May 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1992PTC066730. Its GSTIN is 27AAACS8305D1ZM (Maharashtra). The company holds 8 GST registrations, of which 7 are active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹59.05 Lakh. It was formerly known as Syntel Limited and Syntel (India) Limited. It is led by directors Neeluthodi Cheerakuzhi Ajith and Radhakrishnan Sreeram.

Its last annual general meeting (AGM) was held on 28 March 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No.112 Sdf IV Seepz Andheri (E), Mumbai, Maharashtra, India – 400096.

As per the financials filed for FY 2024, the company reported a revenue of ₹4,090 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹114 Cr (net margin 2.8%) and EBITDA of ₹523 Cr (EBITDA margin 12.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.

The company has about 15,601 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹68.86 Lakh and satisfied charges of ₹25 Cr on record. Court records list 82 cases involving the company, including 23 filed by the company and 59 filed against it; 15 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 syntelinc.com.

Company Details of Syntel Private Limited
CIN U72200MH1992PTC066730
Registration Number 066730
Incorporation Date 12 May 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 March 2025
Date of Balance Sheet 31 March 2024
Parent Company Syntel Llc (Formerly Known Syntel Inc)
Compliance Status Active Compliant

Name History

Syntel has undergone 4 name changes throughout its history. The current legal name is Syntel Private Limited.

Company NameStatus
Syntel Private LimitedCurrent
Syntel LimitedPrevious
Syntel (India) LimitedPrevious
Syntel Software Private LimitedPrevious
Syntel Software LimitedPrevious

CIN History

Syntel has one previous CIN (Corporate Identification Number): U72200MH1992PLC066730. The current CIN is U72200MH1992PTC066730, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U72200MH1992PTC066730Current
U72200MH1992PLC066730Previous
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Unit No.112 Sdf IV Seepz Andheri (E), Mumbai, Maharashtra, India – 400096
  • Industry
    Information Technology, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Syntel Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity

The main business activity of Syntel is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ6Computer programming, consultancy and related activitiesLocked
Premium access

Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Financials of Syntel Private Limited

FY 2024 filings available

Syntel Private Limited reported revenue of ₹4,090 Cr (up 1% YoY) for FY 2024.

Revenue · FY 2024
₹4,090 Cr ▲ 1%
Net profit · FY 2024
₹114 Cr margin 2.8%
EBITDA · FY 2024
₹523 Cr margin 12.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 14%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 18%
5 years · compounded
▼ 7%

Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 1% growth in the latest year. EBITDA fell 27% 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

MetricsFY 2023-24FY 2019-20 to FY 2022-23in the company report
Profit and Loss Statement
Revenue from Operations••••
Other Income••••
Total Revenue••••
Cost of Materials Consumed••••
Employee Benefit Expense••••
Finance Costs••••
Depreciation and Amortisation••••
Other Expenses••••
Total Expenses••••
EBITDA₹523 Cr
Profit Before Tax••••
Tax Expense••••
Net Profit (PAT)₹114 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

MetricsFY 2023-24FY 2019-20 to FY 2022-23in the company report
Profitability
EBITDA Margin12.8%
Net Profit Margin2.8%
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••••

Paid data: the figures shown as dots, and every line for FY 2019-20 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Syntel are in the company report.

Financial statements from 2015: available in the company report

Board of Directors of Syntel Private Limited

Syntel has 2 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Neeluthodi Cheerakuzhi AjithAdditional Director21 May 20251 Years 5 MonthsCurrent
Radhakrishnan SreeramAdditional Director01 Nov 20250 Years 11 MonthsCurrent

Peer Comparison

Syntel Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Birlasoft Limited Listed₹5,483.78 Cr (FY 2025)••••••••2.0%••••Pune, Maharashtra, India
Fidelity Business Services India Private Limited₹4,718.51 Cr (FY 2025)••••••••14.0%••••Bangalore, Karnataka, India
Us Technology International Private Limited₹4,352.01 Cr (FY 2025)••••••••13.0%••••Kulathoor, Kerala, India
Syntel Private Limited this company₹4,090 Cr (FY 2024)••••••••1.0%••••Mumbai, Maharashtra, India
Oracle Solution Services (India) Private Limited₹3,701.1 Cr (FY 2025)••••••••8.0%••••Bengaluru, Karnataka, India

Peers are the companies nearest to Syntel by revenue, above and below it, in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details

Syntel Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.

NameStatusAppointment DateCessation Date
Walker Chandiok & Co LLPLockedLockedLocked

Complete auditor history: available in the company report

Ownership and Shareholding

Shareholding and ownership data: available in the company report

Charges & Borrowings

Open charges
₹68.86 Lakh
Satisfied charges
₹25 Cr
Breakdown by lending institutions
Jp Morgan Chase Bank, N.A.₹0.69 Cr
Latest charge details
DateLenderAmountStatus
16 Dec 2024Jp Morgan Chase Bank, N.A.₹68.86 LakhOpen
26 Mar 2018Others₹25 CrSatisfied

Total charge records: 2 View all charges

MSME Payment Delays

Syntel Private Limited has 6 MSME Form 1 returns on record between 2018 and 2020, listing 456 overdue payments to 42 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 42)

SupplierAmount dueDue sinceReported on
Eapps Technologies••••••••••••
Stratosphere IT Services Private Limited••••••••••••
Blueberry IT Solutions Consulting LLP••••••••••••
Altezzasys Systems Private Limited••••••••••••
Maxglobal Techno Systems Private Limited••••••••••••

Full MSME payment history: available in the company report

Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance

Syntel Private Limited has a workforce of 15,601 employees as of Mar 30, 2024.

Employee count
15,601
Active EPFO establishments
2
Employee growth
-6.15%

Employee and EPFO history: available in the company report

Group Structure

Syntel has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Visual Bi Solutions (India) Private LimitedU72200TN2011PTC080562Locked

Showing major subsidiaries. Total: 1.

Recent Activity

Syntel Private Limited has 20 board changes on record since 2006: 4 appointments and 16 cessations. The latest: Radhakrishnan Sreeram was appointed as Additional Director on 01 Nov 2025.

Appointed
Radhakrishnan Sreeram was appointed as Additional Director.
Appointed
Nasir Usman Shaikh was appointed as Additional Director.
Appointed
Neeluthodi Cheerakuzhi Ajith was appointed as Additional Director.
AGM
Syntel Private Limited last Annual general meeting of members was held on 28 Mar 2025 as per latest MCA records.
Ceased
Mini Sony Kochupurakal ceased to be Additional Director.
Ceased
Radhakrishnan Sreeram ceased to be Additional Director.
Charges
A charge with Jp Morgan Chase Bank, N.A. amounted to Rs. 0.69 Cr with Charge ID 101028227 was registered on 16 Dec 2024.
Filing
Syntel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 26 Mar 2018 via Charge ID 100171234 with Others was fully satisfied on 15 Feb 2023.
Ceased
Murlidhar Samala ceased to be Additional Director.
Ceased
Daniel Michael Moore ceased to be Director.
Charges
A charge with Others of Rs. 25.00 Cr registered on 26 Mar 2018 with Charge ID 100171234 was modified on 02 Aug 2019.

15 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts

Credit ratings, litigation, and regulatory alerts: available in the company report

Subsidiaries & Group Companies

Corporate group structure: available in the company report

GST Compliance

Syntel has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
8
Active
7
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACS8305D1ZMMaharashtraActive01 Jul 2017
27AAACS8305D2ZLMaharashtraActive09 Jul 2017
06AAACS8305D1ZQHaryanaActive01 Jul 2017
33AAACS8305D1ZTTamil NaduActive01 Jul 2017

GST registrations and filing compliance: available in the company report

MCA Filings & Documents

MCA filings and documents: available in the company report

Frequently Asked Questions

Syntel is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 May 1992 (34+ years old) and is registered under CIN U72200MH1992PTC066730.

Syntel has 2 current directors:

The latest financial statements of Syntel on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 March 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Syntel is 27AAACS8305D1ZM, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACS8305D2ZL (Maharashtra), 06AAACS8305D1ZQ (Haryana), 33AAACS8305D1ZT (Tamil Nadu).

The CIN (Corporate Identification Number) of Syntel is U72200MH1992PTC066730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Syntel has 82 court cases on record: 23 filed by the company and 59 filed against it. 15 are pending. Most are in the high courts.

Syntel was incorporated on 12 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Syntel by revenue are Birlasoft Limited, Fidelity Business Services India Private Limited, Us Technology International Private Limited, Oracle Solution Services (India) Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).

Radhakrishnan Sreeram was appointed as Additional Director on 01 Nov 2025. Nasir Usman Shaikh was appointed as Additional Director on 21 May 2025. Neeluthodi Cheerakuzhi Ajith was appointed as Additional Director on 21 May 2025. Syntel has 20 board changes on record in total.

Syntel has 6 MSME Form 1 returns on record between 2018 and 2020, listing 456 overdue payments to 42 micro and small suppliers. The latest return was filed on 05 May 2020.

Syntel can be reached through the website syntelinc.com. Its registered office is in Mumbai, Maharashtra, India.

The registered office of Syntel is at Unit No.112 Sdf IV Seepz Andheri E, Mumbai, Maharashtra, India – 400096.

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