About Ocwen Financial Solutions Private Limited
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Ocwen Financial Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Ocwen Asia Holdings Ltd I (Mauritius). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2000PTC027095. Its GSTIN is 29AAACO3764E1ZF (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹2.14 Cr. It is led by directors including Sarukkai Parthasarathy Ravi and Joseph James Samarias.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit 501 5th Floor Southblock Vaishnavi Techpark, Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹498.19 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹46.82 Cr (net margin 9.4%) and EBITDA of ₹83.16 Cr (EBITDA margin 16.7%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 3,077 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Onity Group and Onity. As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹6.2 Cr on record. Court records list 26 cases involving the company, including 8 filed by the company and 18 filed against it; 7 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹92.22 Cr; the latest was in September 2016. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ocwen.com.
Company details
Contact details
Ocwen Financial Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is ocwen.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit 501 5th Floor Southblock Vaishnavi Techpark Ambalipura Village Varthur Hobli Sarjap, Ur Road, Bengaluru, Karnataka, India – 560103
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ocwen Financial Solutions Private Limited, buy the company report.
- 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
Brands
Ocwen Financial Solutions operates two associated brands: Onity Group and Onity. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mortgage servicing and origination are handled by Onity Group. | onitygroup.com | |
| Onity Group is recognized as a leading financial services company. | ocwen.com |
Business activity
The main business activity of Ocwen Financial Solutions 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 Ocwen Financial Solutions Private Limited, buy the company report.
Financials of Ocwen Financial Solutions Private Limited
FY 2025 filings availableOcwen Financial Solutions Private Limited reported revenue of ₹498.19 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 5% fall in the latest year. EBITDA fell 24% 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 | ₹83.16 Cr | ||||
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| Net Profit (PAT) | ₹46.82 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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| EBITDA Margin | 16.7% | ||||
| Net Profit Margin | 9.4% | ||||
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To see the full financial statements and ratios of Ocwen Financial Solutions Private Limited, buy the company report.
Board of directors of Ocwen Financial Solutions Private Limited
Ocwen Financial Solutions has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarukkai Parthasarathy Ravi | Director | 11 May 2012 | 14 Years 5 Months | Current |
| Joseph James Samarias | Director | 23 May 2019 | 7 Years 5 Months | Current |
| Vikram Jaluka | Director | 18 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Ocwen Financial Solutions Private Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2023 | 008072S |
Shareholding
The shareholding of Ocwen Financial Solutions 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 Ocwen Financial Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2017 | 100115575 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Cr | Open | |
| 16 Aug 2016 | 100087378 | Others | ₹6.2 Cr | Satisfied |
To see the full charge records of Ocwen Financial Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ocwen Financial Solutions Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹92.22 Cr; the latest was in September 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Funding round | ₹92.22 Cr | Investors: Homeward Residential Mauritius Holdings Company |
| Nov 2011 | Secondary share transfer | Undisclosed | Seller: Ocwen Asia Holdings Limited |
| Dec 2010 | Secondary share transfer | Undisclosed | Seller: Ocwen Asia Holdings Limited |
| Jun 2010 | Secondary share transfer | Undisclosed | Seller: Ocwen Asia Holdings Limited |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Ocwen Asia Holdings Limited Seller: an individual |
To see the full deal history of Ocwen Financial Solutions 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
Ocwen Financial Solutions Private Limited has 26 court cases on record: 8 filed by Ocwen Financial Solutions, 18 filed against it. 7 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 9 | 6 |
| District courts | 6 | 5 | 1 |
| Supreme Court | 4 | 4 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax Circle 11 and 1 other | Pending |
| High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax, and 1 other | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax-3 and 1 other | Pending |
| High Court, KARNATAKA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2 and 1 other | Pending |
| High Court | Writ petition | Filed by the company against Regional PF Commissioner - Ii/Oic | Pending |
To see the full case history of Ocwen Financial Solutions 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
Ocwen Financial Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment 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 |
|---|---|---|---|
| Globalvision Information Technologies Private Limited |
To see the full MSME payment records of Ocwen Financial Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ocwen Financial Solutions Private Limited has a workforce of 3,077 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Ocwen Financial Solutions has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO3764E1ZF | Karnataka | Active | 01 Jul 2017 |
| 29AAACO3764E3ZD | Karnataka | Active | 25 Nov 2022 |
| 27AAACO3764E1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ocwen Financial Solutions Private Limited, buy the company report.
Recent activity
Ocwen Financial Solutions Private Limited has 33 board changes on record since 2000: 18 appointments and 15 cessations. The latest: Raghavendra Chinhalli Subbanna ceased to be Whole-Time Director on 24 Jun 2025.
28 earlier events are in the company report.
Frequently asked questions
Ocwen Financial Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 May 2000 (26+ years old) and is registered under CIN U67190KA2000PTC027095.
Ocwen Financial Solutions has 3 current directors:
- Sarukkai Parthasarathy Ravi - Director
- Joseph James Samarias - Director
- Vikram Jaluka - Director
The latest financial statements of Ocwen Financial Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ocwen Financial Solutions is 29AAACO3764E1ZF, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACO3764E3ZD (Karnataka), 27AAACO3764E1ZJ (Maharashtra).
The CIN (Corporate Identification Number) of Ocwen Financial Solutions is U67190KA2000PTC027095. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocwen Financial Solutions has 26 court cases on record: 8 filed by the company and 18 filed against it. 7 are pending. Most are in the high courts.
Ocwen Financial Solutions was incorporated on 17 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Ocwen Financial Solutions has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹92.22 Cr; the latest was in September 2016.
Raghavendra Chinhalli Subbanna ceased to be Whole-Time Director on 24 Jun 2025. Vikram Jaluka was appointed as Director on 18 Jun 2025. Timothy M Hayes ceased to be Director on 27 Sep 2019. Ocwen Financial Solutions has 33 board changes on record in total.
Ocwen Financial Solutions has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2020.
Ocwen Financial Solutions can be reached through the website ocwen.com. Its registered office is in Bengaluru, Karnataka, India.