New Balance It Services India Private Limited - Company Profile

It is a information technology private limited company based in Pune, Maharashtra, India, established in 2007.

2007 Pune, Maharashtra, India Active

Last Updated: January 05, 2026

About New Balance It Services India Private Limited

New Balance It Services India Private Limited, a active private limited company, was established on 11 May 2007 in Pune, Maharashtra, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U72900PN2007PTC130114. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹7.00 M and a paid-up capital of ₹0.41 M.

It upholds a compliant status. Employing 42 professional, Its leadership includes Sheela Murlidhar Shanbhag (Whole-Time Director), Joseph Eugene Preston (Director), Kevin Michael Doyle (Director). Past directors included James S Davis, Lalit Singh Bisht, Rajender Singh Rawat. Its latest AGM occurred on 03 September 2025, with the balance sheet filed on 31 March 2025. It is based at Tower - 06 Level – 1 Wing A Cybercity, Magarpatta, Pune, Maharashtra, 411013.

Company Details

CIN/LLPIN
U72900PN2007PTC130114
Registration Number
130114
Incorporation Date
11 May 2007
Authorized Capital
₹7.00 M
Paid-Up Capital
₹0.41 M
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 7.00 M as on 05-01-2026
Paid Up Capital ₹ 0.41 M as on 05-01-2026
Company Age 18 Year, 9 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 23.56% (FY 2023)
Profit Growth **** 28.91% (FY 2023)
Ebitda **** 14.11% (FY 2023)
Net Worth 15.98% (FY 2023)
Total Assets **** 12.09% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into New Balance It Services India 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 New Balance It Services India Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sheela Murlidhar Shanbhag	Whole-Time Director	30 Sep 2014	Current
Joseph Eugene Preston	Director	27 Sep 2021	Current
Kevin Michael Doyle	Director	14 Jul 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	05 Oct 2021	Past
Pramod Abcsdd	Director	24 Aug 2007	Past
Pramod Abcsdd	Director	24 Aug 2007	Past
Pramod Abcsdd	Director	20 Aug 2021	Past
Pramod Abcsdd	Whole-Time Director	28 Sep 2019	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past

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Financial Performance of New Balance It Services India.

New Balance It Services India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 23.56% increase. The company also saw a substantial improvement in profitability, with a 28.91% increase in profit. The company's net worth Soared by an impressive increase of 15.98%.

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

********

23.56%

*******

Revenue from Operations

*******

22.78%

*******

Total Assets

*******

12.09%

*******

Profit or Loss

*******

28.91%

*******

Net Worth

*******

15.98%

*******

EBITDA

*******

14.11%

*******

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What is the Ownership and Shareholding Structure of New Balance It Services India?

In 2022, New Balance It Services India had a promoter holding of 100.00%. 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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How Many Employees Work at New Balance It Services India?

New Balance It Services India has a workforce of 42 employees as of Mar 30, 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 New Balance It Services India, 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 New Balance It Services India'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 New Balance It Services India

Recent Activity within the Organization

Annual General Meeting

Progress on New Balance It Services India Private Limited last Annual general meeting of members was held on 03 Sep 2025 as per latest MCA records. was documented.
03 Sep 2025
Balance Sheet

New Balance It Services India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune. was recorded as a recent event.
31 Mar 2025
Director Appointment

Progress on Joseph Eugene Preston was appointed as a Director was appointed as a Director on 27 Sep 2021 & has been associated with this company since 4 years 5 months . was documented.
27 Sep 2021
Director Appointment

The activity Kevin Michael Doyle was appointed as a Director was appointed as a Director on 14 Jul 2021 & has been associated with this company since 4 years 7 months . was completed.
14 Jul 2021
Director Appointment

The activity Sheela Murlidhar Shanbhag was appointed as a Whole-time director was appointed as a Whole-time director on 30 Sep 2014 & has been associated with this company since 11 years 4 months . was completed.
30 Sep 2014
Company Incorporation

The activity New Balance It Services India Private Limited was registered on 11 May 2007 with Roc Pune & aged 18 years 9 months as per MCA records. was completed.
11 May 2007

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