About Paychex IT Solutions India Private Limited
Data last updated:
Paychex IT Solutions India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Nettime Solutions Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 01 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62090KA2008FTC048467. Its GSTIN is 29AACCN9086A1ZB (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Nettime Solutions India Private Limited. It is led by directors including Vinoy James (Whole-Time Director) and Liju Jacob John.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹260.78 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹20.71 Cr (net margin 7.9%) and EBITDA of ₹38.95 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 57% over five years.
The company has about 866 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Paychex.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paychexcareers.in.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressPrimeco Spectrum 2nd Flr. Primeco Towers Arekere Gate Bannerghatta Main Rd Pandur, Anga Nagar, Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Paychex IT Solutions India Private Limited
The main business activity of Paychex IT Solutions India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Paychex IT Solutions India Private Limited FY 2025 filings available
Paychex IT Solutions India Private Limited reported revenue of ₹260.78 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Paychex IT Solutions India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 31% growth in the latest year. EBITDA fell 12% 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 of Paychex IT Solutions India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹38.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.71 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 of Paychex IT Solutions India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.9% | •••• | •••• | •••• | •••• |
| 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 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 Paychex IT Solutions India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Paychex IT Solutions India Private Limited
Paychex IT Solutions India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evry India Private Limited | ₹276.58 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bengaluru, Karnataka, India |
| Xtranet Technologies Limited | ₹276.53 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Bhopal, Madhya Pradesh, India |
| Topsoe India Private Limited | ₹269.96 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Deriv IT Solutions Private Limited | ₹266.12 Cr (FY 2020) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
| Birla Management Centre Services Private Limited | ₹261.98 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Mumbai, Maharashtra, India |
| Paychex IT Solutions India Private Limited this company | ₹260.78 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Advanced Sys-Tek Limited | ₹258.31 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Vadodara, Gujarat, India |
| H&R Block India Private Limited | ₹257.29 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Thiruvananthapuram, Kerala, India |
| F-1 Infotech Private Limited | ₹256.45 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Cybertech Systems and Software Limited Listed | ₹256.13 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Thane, Maharashtra, India |
| Pyramid IT Consulting Private Limited | ₹255.69 Cr (FY 2020) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Paychex IT Solutions India by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Paychex IT Solutions India Private Limited
Paychex IT Solutions India has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinoy James Also directs: Flock Software Private Limited | Whole-Time Director | 24 Sep 2018 | 8 Years 0 Months | Current |
| Liju Jacob John Also directs: Flock Software Private Limited | Director | 09 Feb 2024 | 2 Years 8 Months | Current |
| Jay Jimenez | Additional Director | 21 May 2025 | 1 Years 4 Months | Current |
Charges & Borrowings of Paychex IT Solutions India Private Limited
Paychex IT Solutions India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Paychex IT Solutions India Private Limited
Paychex IT Solutions India Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 9 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Symmetrics Development Services Private Limited | •••• | •••• | •••• |
| Transferet Relocation Services (India) Private Limited | •••• | •••• | •••• |
| Acara Solutions India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Paychex IT Solutions India Private Limited
Paychex IT Solutions India operates one associated brand: Paychex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based HRMS solutions are delivered for payroll and employee management. | paychex.com |
Employees and EPFO Compliance at Paychex IT Solutions India Private Limited
Employment history and EPFO contributions of people linked to Paychex IT Solutions India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Paychex IT Solutions India Private Limited
Paychex IT Solutions India has undergone 2 name changes throughout its history. The company was previously known as Nettime Solutions India Private Limited, and Paychex It Solutions India Private Limited. The current legal name is Paychex It Solutions India Private Limited.
| Company Name | Status |
|---|---|
| Paychex IT Solutions India Private Limited | Current |
| Nettime Solutions India Private Limited | Previous |
CIN History of Paychex IT Solutions India Private Limited
Paychex IT Solutions India has one previous CIN (Corporate Identification Number): U72200KA2008FTC048467. The current CIN is U62090KA2008FTC048467, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62090KA2008FTC048467 | Current |
| U72200KA2008FTC048467 | Previous |
Recent Activity on Paychex IT Solutions India Private Limited
Paychex IT Solutions India Private Limited has 13 board changes on record since 2016: 3 appointments and 10 cessations. The latest: Jay Jimenez was appointed as Additional Director on 21 May 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Paychex IT Solutions India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Paychex IT Solutions India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Paychex IT Solutions India Private Limited
Paychex IT Solutions India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN9086A1ZB | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Paychex IT Solutions India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Paychex IT Solutions India Private Limited
Paychex IT Solutions India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 01 December 2008 (18+ years old) and is registered under CIN U62090KA2008FTC048467.
Paychex IT Solutions India reported revenue of ₹260.78 Cr for FY 2025 (up 31% YoY).
Paychex IT Solutions India has 3 current directors:
- Vinoy James - Whole-Time Director
- Liju Jacob John - Director
- Jay Jimenez - Additional Director
Paychex IT Solutions India reported a net profit of ₹20.71 Cr (net margin 7.9%) and EBITDA of ₹38.95 Cr (EBITDA margin 14.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Paychex IT Solutions India is 61% over three years and 57% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Paychex IT Solutions India is 29AACCN9086A1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Paychex IT Solutions India is U62090KA2008FTC048467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paychex IT Solutions India was incorporated on 01 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Paychex IT Solutions India by revenue are Evry India Private Limited, Xtranet Technologies Limited, Topsoe India Private Limited, Deriv IT Solutions Private Limited, Birla Management Centre Services Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Jay Jimenez was appointed as Additional Director on 21 May 2025. Liju Jacob John ceased to be Additional Director on 25 Sep 2024. Liju Jacob John was appointed as Director on 09 Feb 2024. Paychex IT Solutions India has 13 board changes on record in total.
Paychex IT Solutions India has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 9 overdue payments to 3 micro and small suppliers. The latest return was filed on 17 Oct 2022.
Paychex IT Solutions India can be reached through the website paychexcareers.in. Its registered office is in Bangalore, Karnataka, India.