About Peoplegrove Tech Private Limited
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Peoplegrove Tech Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Peoplegrove Inc.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 02 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2019FTC324829. Its GSTIN is 27AAKCP5266A1ZF (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Reilly Davis and Nikesh Hayaran.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3rd Floor Prudential Bldg Central Avenue Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.1 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 5.4%) and EBITDA of ₹2.44 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 40% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PeopleGrove.
For more details, the company can be reached via its website peoplegrove.com.
Company details
Contact details
Peoplegrove Tech Private Limited's registered office is in Mumbai, Maharashtra. Its website is peoplegrove.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Prudential Bldg Central Avenue Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Peoplegrove Tech 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
Peoplegrove Tech operates one associated brand: PeopleGrove. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Career mentorship is facilitated for students through a web platform. | peoplegrove.com |
Business activity
The main business activity of Peoplegrove Tech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Peoplegrove Tech Private Limited, buy the company report.
Financials of Peoplegrove Tech Private Limited
FY 2024 filings availablePeoplegrove Tech Private Limited reported revenue of ₹23.1 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 5% growth in the latest year. EBITDA rose 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.44 Cr | ||||
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| Net Profit (PAT) | ₹1.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 5.4% | ||||
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To see the full financial statements and ratios of Peoplegrove Tech Private Limited, buy the company report.
Board of directors of Peoplegrove Tech Private Limited
Peoplegrove Tech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reilly Davis | Director | 02 May 2019 | 7 Years 5 Months | Current |
| Nikesh Hayaran Also directs: Chakrabit Solutions LLP, Logisynth Technologies LLP | Director | 02 May 2019 | 7 Years 5 Months | Current |
Peer comparison
Peoplegrove Tech Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sais IT Services India Private Limited | ₹23.17 Cr (FY 2024) | 30.0% | Hyderabad, Telangana, India | |||
| Adesso India Private Limited | ₹23.13 Cr (FY 2025) | 202.0% | Kanayannur, Kerala, India | |||
| Ember Technologies Private Limited | ₹23.12 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Techsophy Information Solutions Private Limited | ₹23.12 Cr (FY 2024) | 3.0% | Hyderabad, Telangana, India | |||
| Systools Software Private Limited | ₹23.1 Cr (FY 2025) | -7.0% | Pune, Maharashtra, India | |||
| Peoplegrove Tech Private Limitedthis company | ₹23.1 Cr (FY 2025) | ₹1.25 Cr | 5.4% | 5.0% | 38 | Mumbai, Maharashtra, India |
| Aptean Software India Private Limited | ₹23.06 Cr (FY 2017) | -21.0% | Bangalore, Karnataka, India | |||
| Global E- Softsys Private Limited | ₹23.06 Cr (FY 2025) | 27.0% | Mangalore, Karnataka, India | |||
| Katzion India Private Limited | ₹23.05 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Logicplanet IT Services (India) Private Limited | ₹23.04 Cr (FY 2025) | 39.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Peoplegrove Tech Private Limited, buy the company report.
Auditor
Peoplegrove Tech Private Limited is audited by KAMDAR DESAI AND PATEL LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMDAR DESAI AND PATEL LLP | FY 2023 | 104664W |
Shareholding
The shareholding of Peoplegrove Tech Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Peoplegrove Tech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Peoplegrove Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Peoplegrove Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Peoplegrove Tech Private Limited has a workforce of 38 employees on its EPFO records as of Dec 14, 2024, across 1 active EPFO establishment.
GST
Peoplegrove Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP5266A1ZF | Maharashtra | Active | 18 Jul 2019 |
To see the full GST registrations and return filing status of Peoplegrove Tech Private Limited, buy the company report.
Recent activity
Peoplegrove Tech Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Nikesh Hayaran was appointed as Director on 02 May 2019.
Frequently asked questions
Peoplegrove Tech is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 02 May 2019 (7+ years old) and is registered under CIN U72900MH2019FTC324829.
Peoplegrove Tech has 2 current directors:
- Reilly Davis - Director
- Nikesh Hayaran - Director
The latest financial statements of Peoplegrove Tech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Peoplegrove Tech is 27AAKCP5266A1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Peoplegrove Tech is U72900MH2019FTC324829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Peoplegrove Tech was incorporated on 02 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Peoplegrove Tech by revenue are Sais IT Services India Private Limited, Adesso India Private Limited, Ember Technologies Private Limited, Techsophy Information Solutions Private Limited, Systools Software Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Nikesh Hayaran was appointed as Director on 02 May 2019. Reilly Davis was appointed as Director on 02 May 2019.
Peoplegrove Tech can be reached through the website peoplegrove.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Peoplegrove Tech is at 3rd Floor Prudential Bldg Central Avenue Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
Peoplegrove Tech operates in the information technology industry, in the application development and software solutions segment.
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