Onward Eservices Limited - Company Profile

It is a information technology public limited company based in Mumbai, Maharashtra, India, established in 2003.

2003 Mumbai, Maharashtra, India Amalgamated

Last Updated: July 24, 2025

About Onward Eservices Limited

Onward Eservices Limited, a amalgamated public limited company, was established on 19 June 2003 in Mumbai, Maharashtra, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U72900MH2003PLC140979. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹24.62 Cr and a paid-up capital of ₹24.62 Cr.

Formerly known as Onsoft Technologies Limited. It upholds a compliant status. Employing 504 professional, Its leadership includes Sankar Venkatanarayanan (Director), Devanand Ramandasani (Cfo), Parish Arun Meghani (Director). Past directors included Sankar Venkatanarayanan, Venkatasatyasriman Narayanacharyulu Mudumbi, Shaila Harish Mehta. It holds no open charges and ₹24.24 Cr settled loans. Its latest AGM occurred on 14 July 2020, with the balance sheet filed on 31 March 2020. It is based at Sterling Centre, 2Nd Floor, Dr. A.B. Road, Worli, Mumbai, Maharashtra, 400018.

Company Details

CIN/LLPIN
U72900MH2003PLC140979
Registration Number
140979
Incorporation Date
19 June 2003
Authorized Capital
₹24.62 Cr
Paid-Up Capital
₹24.62 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 24.62 Cr as on 24-07-2025
Paid Up Capital ₹ 24.62 Cr as on 24-07-2025
Company Age 22 Year, 7 Months
Last Filing with ROC 31 Mar 2020
Satisfied Charges ₹ 24.24 Cr as on 24-07-2025
Revenue Growth **** -5.04% (FY 2020)
Profit Growth **** -341.51% (FY 2020)
Ebitda **** -177.01% (FY 2020)
Net Worth -24.80% (FY 2020)
Total Assets -13.04% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Onward Eservices 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 Onward Eservices Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sankar Venkatanarayanan	Director	23 Oct 2019	Current
Devanand Ramandasani	Cfo	23 Oct 2019	Current
Parish Arun Meghani	Director	15 May 2018	Current
Jigar Harish Mehta	Whole-Time Director	16 May 2016	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	14 Jul 2020	Past
Pramod Abcsdd	Additional Director	25 Jul 2019	Past
Pramod Abcsdd	Whole-Time Director	15 Feb 2014	Past
Pramod Abcsdd	Additional Director	19 Jul 2018	Past
Pramod Abcsdd	Director	14 Jul 2018	Past
Pramod Abcsdd	Director	17 Nov 2012	Past

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Financial Performance of Onward Eservices.

Onward Eservices Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 5.04% decrease. The company also saw a substantial fall in profitability, with a 341.51% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.8%.

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

********

-5.04%

*******

Revenue from Operations

*******

-4.85%

*******

Total Assets

*******

-13.04%

*******

Profit or Loss

*******

-341.51%

*******

Net Worth

*******

-24.80%

*******

EBITDA

*******

-177.01%

*******

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What is the Ownership and Shareholding Structure of Onward Eservices?

In 2020, Onward Eservices 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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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹242,427,217.00

Charges Breakdown by Lending Institutions

Yes Bank Limited : 11.45 Cr
Others : 7.50 Cr
Sicom Limited : 4.00 Cr
Axis Bank Limited : 1.29 Cr

Latest Charge Details

Date	Lender	Amount	Status
07 Jan 2020	Yes Bank Limited	₹2.00 Cr	Satisfied
26 Mar 2018	Yes Bank Limited	₹9.45 Cr	Satisfied
10 Dec 2009	Others	₹7.50 Cr	Satisfied
06 Oct 2009	Axis Bank Limited	₹1.29 Cr	Satisfied
04 Sep 2003	Sicom Limited	₹4.00 Cr	Satisfied

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How Many Employees Work at Onward Eservices?

Unlock and access historical data on people associated with Onward Eservices, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 Onward Eservices, 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 Onward Eservices'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 Onward Eservices

Recent Activity within the Organization

Charges

A charge registered on 07 Jan 2020 via Charge ID 100327288 with Yes Bank Limited was fully satisfied on 28 Jul 2020. was recorded as a recent event.
28 Jul 2020
Annual General Meeting

Onward Eservices Limited last Annual general meeting of members was held on 14 Jul 2020 as per latest MCA records. was recorded as a recent event.
14 Jul 2020
Balance Sheet

The activity Onward Eservices Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai. was completed.
31 Mar 2020
Charges

The activity A charge registered on 26 Mar 2018 via Charge ID 100179922 with Yes Bank Limited was fully satisfied on 15 Jan 2020. was completed.
15 Jan 2020
Charges

Progress on A charge with Yes Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100327288 was registered on 07 Jan 2020. was documented.
07 Jan 2020
Director Appointment

Progress on Devanand Ramandasani was appointed as a CFO was appointed as a CFO on 23 Oct 2019 & has been associated with this company since 6 years 3 months . was documented.
23 Oct 2019

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