About Pepper Advantage India Private Limited
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Pepper Advantage India Private Limited is a foreign private limited company based in Thane, Maharashtra, India, a subsidiary of Pepper Advantage Asian Holdco Limited. It operates in the asset management firms segment of the financial services sector. It was incorporated on 23 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U82910MH2019FTC332055. Its GSTIN is 27AAKCP8314R1ZL (Maharashtra).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹97.36 Cr. It was formerly known as Pepper India Resolution Private Limited. It is led by directors Fraser Mcleod Bruce Gemmell and Asokan Arumugam.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1219 Millenium Business Park, Sector 2, Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.34 Cr, a growth of 129% compared to the previous year. For the same year it recorded a net loss of ₹23.4 Cr (net margin -121%) and EBITDA of -₹22.8 Cr (EBITDA margin -117.9%). Revenue has grown at a compounded annual rate (CAGR) of 127% over three years.
The company has about 224 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Rieom.ai. The company has 2 deals on record (2 rights issues); the latest was in September 2022. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 32 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pepperindia.com.
Company details
CIN history
Pepper Advantage India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U82910MH2019FTC332055, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U82910MH2019FTC332055 | Current |
| U74110MH2019FTC332055 | Previous |
| U93090MH2019FTC332055 | Previous |
Contact details
Pepper Advantage India Private Limited's registered office is in Thane, Maharashtra. Its website is pepperindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRupa Solitaire Office No. 1219 Millenium Business Park, Sector 2 Mahape, Thane, Maharashtra, India – 400710
- IndustryFinancial Services, Asset Management Firms
To see the full contact details of Pepper Advantage India 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
Business activity
The main business activity of Pepper Advantage India is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Pepper Advantage India Private Limited, buy the company report.
Financials of Pepper Advantage India Private Limited
FY 2025 filings availablePepper Advantage India Private Limited reported revenue of ₹19.34 Cr (up 129% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 127% over three years, including 129% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹22.8 Cr | ||||
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| Net Profit (PAT) | -₹23.4 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 | -117.9% | ||||
| Net Profit Margin | -121% | ||||
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To see the full financial statements and ratios of Pepper Advantage India Private Limited, buy the company report.
Board of directors and KMP of Pepper Advantage India Private Limited
Pepper Advantage India Private Limited currently reports 2 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fraser Mcleod Bruce Gemmell | Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Asokan Arumugam | Director | 23 Oct 2019 | 7 Years 0 Months | Current |
| Mukund Subbarao Kulkarni Also directs: Rieom AI Private Limited | Ceo | 01 Jul 2022 | 4 Years 3 Months | Current |
Auditor
Pepper Advantage India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W |
Shareholding
The shareholding of Pepper Advantage India Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pepper Advantage India Private Limited, buy the company report.
Deals & funding
Pepper Advantage India Private Limited has 2 deals on record (2 rights issues); the latest was in September 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Rights issue | ₹5 Cr | Investors: Pepper Global Asian Holdco Limited, ABK Resolurion LLP |
| Feb 2020 | Rights issue | ₹31.25 Cr | Investors: Pepper Global Asian Holdco Limited, ABK Resolurion LLP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Pepper Advantage India 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
Pepper Advantage India Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 32 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Primenet Global Private Limited | |||
| Cxio Technologies Private Limited | |||
| S N A Infotech Private Limited | |||
| Marketxpander Services Private Limited |
To see the full MSME payment records of Pepper Advantage India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Pepper Advantage India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Pepper India Advisors Private Limited | U74900MH2011PLC213109 |
To see the full group structure of Pepper Advantage India Private Limited, buy the company report.
Employees & EPFO
Pepper Advantage India Private Limited has a workforce of 224 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Pepper Advantage India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP8314R1ZL | Maharashtra | Active | 21 Nov 2019 |
To see the full GST registrations and return filing status of Pepper Advantage India Private Limited, buy the company report.
Recent activity
Pepper Advantage India Private Limited has 11 board changes on record since 2019: 3 appointments and 8 cessations. The latest: Mukund Subbarao Kulkarni ceased to be Additional Director on 15 Sep 2024.
2 earlier events are in the company report.
Frequently asked questions
Pepper Advantage India is an active foreign private limited company based in Thane, Maharashtra, India. The company works in asset management firms, within the financial services industry. It was incorporated on 23 October 2019 (7+ years old) and is registered under CIN U82910MH2019FTC332055.
Pepper Advantage India has 3 current directors and KMP:
- Fraser Mcleod Bruce Gemmell - Director
- Asokan Arumugam - Director
- Mukund Subbarao Kulkarni - Ceo
The latest financial statements of Pepper Advantage India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Pepper Advantage India is 27AAKCP8314R1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pepper Advantage India is U82910MH2019FTC332055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pepper Advantage India was incorporated on 23 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Pepper Advantage India has 2 deals on record (2 rights issues); the latest was in September 2022.
Mukund Subbarao Kulkarni ceased to be Additional Director on 15 Sep 2024. Ravi Manchanda ceased to be Director on 16 Feb 2024. Fraser Mcleod Bruce Gemmell ceased to be Additional Director on 23 Sep 2022. Pepper Advantage India has 11 board changes on record in total.
Pepper Advantage India has 4 MSME Form 1 returns on record between 2021 and 2023, listing 32 overdue payments to 4 micro and small suppliers. The latest return was filed on 17 Nov 2023.
Pepper Advantage India can be reached through the website pepperindia.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Pepper Advantage India is at Rupa Solitaire Office No. 1219 Millenium Business Park, Sector 2 Mahape, Thane, Maharashtra, India – 400710.