About Pine Labs Limited.
Data last updated:
Pine Labs Limited. is a public limited company based in Gurgaon, Haryana, India, a subsidiary of Pine Labs Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L67100HR1998PLC113312. Its GSTIN is 06AACCP7457K1Z1 (Haryana). The company holds 28 GST registrations, of which 26 are active.
The company has an authorised share capital of ₹205.88 Cr and a paid-up capital of ₹115.47 Cr. It is led by directors including Bairavarasu Amrish Rau (Managing Director) and Kush Mehra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2026, the company reported a revenue of ₹2,847.15 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹112.51 Cr (net margin 4%) and EBITDA of ₹491.54 Cr (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The company has about 3,346 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Pine Labs, QwikCilver and Fave India. As per MCA filings, the company has open charges of ₹805.5 Cr and satisfied charges of ₹460.58 Cr on record. Court records list 50 cases involving the company, including 22 filed by the company and 23 filed against it; 18 cases are pending. The company has 46 deals on record (27 secondary share transfers, 9 rights issues, 5 market trades), with disclosed funding of ₹132.62 Cr; the latest was in September 2026. Its 10 peer companies in the BFSI industry (IT Consulting and Services, Payment Solution Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Seshaasai Technologies Limited with revenue of ₹1,473.62 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 46 overdue payments to 24 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 pinelabs.com.
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- Registered AddressUnit No. 408 4th Floor, Time Tower Mg Road, Gurgaon, Haryana, India – 122002
- 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
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Financials of Pine Labs Limited. FY 2026 filings available
Pine Labs Limited. reported revenue of ₹2,847.15 Cr (up 64% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Pine Labs Limited.
Revenue has grown at a compounded annual rate (CAGR) of 29% over three years, including 64% growth in the latest year. EBITDA rose 49% 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 Pine Labs Limited.
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | ₹491.54 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹112.51 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 Pine Labs Limited.
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4% | •••• | •••• | •••• | •••• |
| 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 Pine Labs Limited 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 Pine Labs Limited.
Pine Labs Limited. is compared with the companies closest to it by revenue in the BFSI industry (IT Consulting and Services, Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pine Labs Limited. this company | ₹2,847.15 Cr (FY 2026) | •••• | •••• | 64.0% | •••• | Gurgaon, Haryana, India |
| Seshaasai Technologies Limited | ₹1,473.62 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Iqvia Analytics Services Private Limited | ₹1,449.97 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Infinx Technology Solutions Private Limited | ₹1,422.86 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Mumbai, Maharashtra, India |
| Velocis Systems Private Limited | ₹1,419.34 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Pentagon System and Services Private Limited | ₹1,412.17 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Galaxy Office Automation Pvt Ltd | ₹1,372.34 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Mumbai, Maharashtra, India |
| Paymate India Limited | ₹1,344.01 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Synchrony International Services Private Limited | ₹1,327.49 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Hyderabad, Telangana, India |
| Roche Products (India) Private Limited | ₹1,296.39 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Fis Solutions (India) Private Limited | ₹1,296.19 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Pine Labs Limited by revenue in the BFSI industry (IT Consulting and Services, Payment Solution Providers), 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 Pine Labs Limited.
Pine Labs Limited has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kush Mehra Also directs: Plai Technology Private Limited | Whole-Time Director | 29 Sep 2018 | 8 Years 0 Months | Current |
| Bairavarasu Amrish Rau | Managing Director | 24 Mar 2025 | 1 Years 6 Months | Current |
| Maninder Singh Juneja Also directs: Capvisor Consultants LLP, Integrace Private Limited | Director | 24 Mar 2025 | 1 Years 6 Months | Current |
| Amrita Gangotra Also directs: Ityukt Digital Solutions LLP, United Spirits Limited, Triveni Turbine Limited and 5 more | Director | 24 Mar 2025 | 1 Years 6 Months | Current |
| Smita Chandramani Kumar | Director | 24 Mar 2025 | 1 Years 6 Months | Current |
| Shailendra Jit Singh | Director | 13 Jun 2025 | 1 Years 4 Months | Current |
Charges & Borrowings of Pine Labs Limited.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Sep 2023 | Citi Bank N.A. | ₹130 Cr | Open |
| 21 Sep 2023 | Others | ₹100 Cr | Open |
| 29 Nov 2022 | Others | ₹5 Cr | Open |
| 18 Nov 2022 | Axis Bank Limited | ₹124 Cr | Open |
| 25 Apr 2022 | Others | ₹20 Cr | Open |
Total charge records: 15 View all charges
Deals & Funding of Pine Labs Limited.
Pine Labs Limited. has 46 deals on record (27 secondary share transfers, 9 rights issues, 5 market trades), with disclosed funding of ₹132.62 Cr; the latest was in September 2026.
Deals on record (5 of 46)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹933.57 Cr | Buyer: Icici Prudential Life Insurance Company Limited , Citigroup Global Markets Singapore Pte Limited, an individual Seller: Mastercard Asia/Pacific Pte. Ltd. |
| Sep 2026 | Market trade | ₹933.57 Cr | Buyer: Icici Prudential Life Insurance Company Limited , Citigroup Global Markets Singapore Pte Limited, Edelweiss Mutual Fund, an individual Seller: Mastercard Asia/Pacific Pte. Ltd. |
| Sep 2026 | Secondary share transfer | Undisclosed | Buyer: Icici Prudential Life Insurance Company Limited , Societe Generale, Goldman Sachs Private Equity Seller: Alpha Wave Global |
| May 2026 | Secondary share transfer | Undisclosed | Buyer: Morgan Stanley Investment Management, Icici Prudential Life Insurance Company Limited Seller: Madison India Capital Advisors Private Limited |
| Nov 2025 | IPO | ₹3,899.91 Cr | Investors: Icici Prudential Life Insurance Company Limited , Morgan Stanley Investment Management, Saraswati Commercial (India) Ltd Seller: Peak XV Partners (Sequoia India and SEA), Actis Advisors, Macritchie Investments Pte. Ltd. |
Full deal history
All 46 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Pine Labs Limited.
Pine Labs Limited. has 50 court cases on record: 22 filed by Pine Labs Limited, 23 filed against it, 5 where it is another party. 18 cases are pending and 32 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 16 | 16 |
| District courts | 8 | 7 | 2 |
| NCLAT | 3 | 0 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed against the company by Shopnetic Global Services Private Limited | Pending |
| High Court of Delhi | Writ petition | Filed against the company by Sharksphere Components Private Limited | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Manipal Health Enterprises Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Oyo Hotels and Homes Private Limited | Pending |
| Madras High Court | Court case (CMA(PT)) | Filed against the company by Innoviti Technologies Private Limited | Pending |
Full case history
All 50 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Pine Labs Limited.
Pine Labs Limited. has 9 MSME Form 1 returns on record between 2019 and 2023, listing 46 overdue payments to 24 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 (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mda & Co. | •••• | •••• | •••• |
| Cimmons Integrated Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Atc Energies System Limited | •••• | •••• | •••• |
| Tandem Allied Services Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 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 Pine Labs Limited.
Pine Labs Limited operates multiple associated brands including Pine Labs, QwikCilver, and Fave India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Omnichannel payment solutions, loyalty programs, and business tools are provided. | pinelabs.com | |
| Gift card and store value solutions are provided to businesses. | qwikcilver.com | |
| Online platform offering rewards and cashback on multi-category products and services | myfave.in |
Employees and EPFO Compliance at Pine Labs Limited.
Employment history and EPFO contributions of people linked to Pine Labs Limited.
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.
CIN History of Pine Labs Limited.
Pine Labs Limited has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67100HR1998PLC113312, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67100HR1998PLC113312 | Current |
| U67100HR1998PLC113312 | Previous |
| U67100DL1998PTC093878 | Previous |
| U67100HR1998PTC113312 | Previous |
| U65910DL1998PTC093878 | Previous |
Recent Activity on Pine Labs Limited.
Pine Labs Limited. has 29 board changes on record since 2007: 6 appointments and 23 cessations. The latest: Bharat Singh ceased to be Additional Director on 21 Jun 2025.
52 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pine Labs 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 Pine Labs 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 Pine Labs Limited.
Pine Labs Limited has 28 GST registrations: 26 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCP7457K1Z1 | Haryana | Active | 31 Jan 2018 |
| 09AACCP7457K1ZV | Uttar Pradesh | Active | 01 Jul 2017 |
| 07AACCP7457K1ZZ | Delhi | Active | 08 Jul 2017 |
| 19AACCP7457K1ZU | West Bengal | Active | 08 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 Pine Labs 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.
Related news about Pine Labs Limited.
Articles about Pine Labs Limited. on our blog
Frequently Asked Questions about Pine Labs Limited.
Pine Labs Limited is an active public limited company based in Gurgaon, Haryana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 May 1998 (28+ years old) and is registered under CIN L67100HR1998PLC113312.
Pine Labs Limited reported revenue of ₹2,847.15 Cr for FY 2026 (up 64% YoY).
Pine Labs Limited has 6 current directors:
- Bairavarasu Amrish Rau - Managing Director
- Kush Mehra - Whole-Time Director
- Maninder Singh Juneja - Director
- Amrita Gangotra - Director
- Smita Chandramani Kumar - Director
- Shailendra Jit Singh - Director
Pine Labs Limited reported a net profit of ₹112.51 Cr (net margin 4%) and EBITDA of ₹491.54 Cr (EBITDA margin 17.3%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pine Labs Limited is 29% over three years. In the latest year (FY 2026) revenue rose 64%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pine Labs Limited is 06AACCP7457K1Z1, registered in Haryana. The company has 28 GST registrations in all, of which 26 are active and 2 are cancelled or inactive. Other active GSTINs include 09AACCP7457K1ZV (Uttar Pradesh), 07AACCP7457K1ZZ (Delhi), 19AACCP7457K1ZU (West Bengal).
The CIN (Corporate Identification Number) of Pine Labs Limited is L67100HR1998PLC113312. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pine Labs Limited has 50 court cases on record: 22 filed by the company and 23 filed against it. 18 are pending. Most are in the high courts.
Pine Labs Limited was incorporated on 18 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Haryana.
Pine Labs Limited has 46 deals on record (27 secondary share transfers, 9 rights issues, 5 market trades), with disclosed funding of ₹132.62 Cr; the latest was in September 2026.
The peers of Pine Labs Limited by revenue are Seshaasai Technologies Limited, Iqvia Analytics Services Private Limited, Infinx Technology Solutions Private Limited, Velocis Systems Private Limited, Pentagon System and Services Private Limited and 5 more, all in the BFSI industry (IT Consulting and Services, Payment Solution Providers).
Bharat Singh ceased to be Additional Director on 21 Jun 2025. Shailendra Jit Singh was appointed as Director on 13 Jun 2025. Amrita Gangotra ceased to be Additional Director on 15 May 2025. Pine Labs Limited has 29 board changes on record in total.