Ncircle Tech Private Limited - Company Profile

Q: Who are the current directors of Ncircle Tech Private Limited?

The current directors of Ncircle Tech Private Limited are Ashok Narayan Korwar, Varun Bhartiya, Madhusudan Babulal Bhartiya, Anand Waman Joshi, Tarika Jain.

It is a information technology private limited company based in Pune, Maharashtra, India, established in 2012.

2012 Pune, Maharashtra, India Active

Last Updated: December 09, 2025

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About Ncircle Tech Private Limited

Ncircle Tech Private Limited, a active private limited company, was established on 05 October 2012 in Pune, Maharashtra, India. Engaging in software development & support services within the information and communication sector, it holds CIN: U72900PN2012PTC144957. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹0.70 M and a paid-up capital of ₹0.10 M.

It upholds a compliant status. Employing 244 professional, Its leadership includes Ashok Narayan Korwar (Additional Director), Varun Bhartiya (Director), Madhusudan Babulal Bhartiya (Director). Past directors included Anand Waman Joshi. It holds ₹33.31 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at S No 14, H 403, Park Royal, Rahatani,, Pune, Maharashtra, 411017.

Company Details

CIN/LLPIN
U72900PN2012PTC144957
Registration Number
144957
Incorporation Date
05 October 2012
Authorized Capital
₹0.70 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 0.70 M as on 09-12-2025
Paid Up Capital ₹ 0.10 M as on 09-12-2025
Company Age 13 Year, 4 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 33.31 Cr as on 09-12-2025
Revenue Growth **** 43.23% (FY 2023)
Profit Growth **** 14.72% (FY 2023)
Ebitda **** 82.00% (FY 2023)
Net Worth 49.11% (FY 2023)
Total Assets **** 32.92% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Ncircle Tech Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Ncircle Tech Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ashok Narayan Korwar	Additional Director	08 May 2025	Current
Varun Bhartiya	Director	05 Oct 2012	Current
Madhusudan Babulal Bhartiya	Director	05 Oct 2012	Current
Anand Waman Joshi	Director	21 Apr 2023	Current
Tarika Jain	Director	03 Sep 2013	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	25 Aug 2023	Past

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Financial Performance of Ncircle Tech.

Ncircle Tech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 43.23% increase. The company also saw a substantial improvement in profitability, with a 14.72% increase in profit. The company's net worth Soared by an impressive increase of 49.11%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

43.23%

*******

Revenue from Operations

*******

42.69%

*******

Total Assets

*******

32.92%

*******

Profit or Loss

*******

14.72%

*******

Net Worth

*******

49.11%

*******

EBITDA

*******

82.00%

*******

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What is the Ownership and Shareholding Structure of Ncircle Tech?

In 2023, Ncircle Tech had a public holding of 1.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹333,111,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Axis Bank Limited : 17.00 Cr
Others : 14.31 Cr
The Hongkong And Shanghai Banking Corporation Limited : 2.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
01 Jul 2025	The Hongkong And Shanghai Banking Corporation Limited	₹2.00 Cr	Open
17 Sep 2024	Others	₹14.31 Cr	Open
04 Jun 2024	Axis Bank Limited	₹17.00 Cr	Open

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How Many Employees Work at Ncircle Tech?

Ncircle Tech has a workforce of 244 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Ncircle Tech, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ncircle Tech's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Ncircle Tech

Recent Activity within the Organization

Charges

The activity A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 20.00 M with Charge ID 101119404 was registered on 01 Jul 2025. was completed.
01 Jul 2025
Charges

Progress on A charge with Others of Rs. 143.11 M registered on 17 Sep 2024 with Charge ID 100990533 was modified on 09 May 2025. was documented.
09 May 2025
Director Appointment

The activity Ashok Narayan Korwar was appointed as a Additional Director was appointed as a Additional Director on 08 May 2025 & has been associated with this company since 8 months 27 days . was completed.
08 May 2025
Annual General Meeting

The activity Ncircle Tech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Charges

The activity A charge with Others amounted to Rs. 143.11 M with Charge ID 100990533 was registered on 17 Sep 2024. was completed.
17 Sep 2024
Charges

Progress on A charge with Axis Bank Limited amounted to Rs. 170.00 M with Charge ID 100963638 was registered on 04 Jun 2024. was documented.
04 Jun 2024

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