About Pine Labs Limited.
Data last updated: 02 December 2025
Pine Labs Limited. is a public limited company based in Dlf Qe, Haryana, India, a subsidiary of Pine Labs Limited. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 18 May 1998, the company has been in operation for over 28 years.
Registered with ROC Delhi under CIN U67100HR1998PLC113312.
Capital: an authorised share capital of ₹205.88 Cr and a paid-up capital of ₹105.41 Cr. It is led by directors including Smita Chandramani Kumar and Shailendra Jit Singh.
Last AGM: 09 September 2024. Financial statements filed for year ended 31 March 2024. Office: Dlf Qe, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,383.7 Cr, a growth of 4% compared to the previous year.
The company has a workforce of approximately 3,346 employees as per the latest available data. It operates as a subsidiary of Pine Labs Limited.
The company is associated with 3 brands - Pine Labs, Qwikcilver, Fave India. As per MCA filings, the company has open charges of ₹1,080.08 Cr and satisfied charges of ₹337 Cr on record.
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, Dlf Qe, Haryana, India – 122002
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IndustryInformation Technology, IT Consulting & Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
Associated Brands with Pine Labs Limited.
Pine Labs Limited. operates multiple associated brands including Pine Labs, QwikCilver, and Fave India. These brands represent Pine Labs Limited.'s diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Pine Labs Limited.
Brands and companies operating in the same space as Pine Labs Limited. include Stripe, Razorpay, PayU and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stripe
|
Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States, United States | 2009 |
Razorpay
|
Payment and business banking solutions are provided for enterprises. | Bengaluru, India, India | 2014 |
PayU
|
Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands, Netherlands | 2002 |
Flutterwave
|
Provider of payment processing solutions for businesses | San Francisco, United States, United States | 2016 |
Xendit
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Online payment and money transfer platform for businesses | Jakarta, Indonesia, Indonesia | 2015 |
Mintoak
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Digital payments and engagement solutions are offered for MSMEs. | Mumbai, India, India | 2017 |
Network International
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Network International is recognized as a leading digital payment provider in the Middle East and Africa. | Dubai, United Arab Emirates, United Arab Emirates | 1994 |
ShopBack
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Online platform offering rewards and cashback for multi-category products | Singapore, Singapore, Singapore | 2014 |
Méliuz
|
Loyalty site which offers cash redemption | Belo Horizonte, Brazil, Brazil | 2011 |
ACI Worldwide
|
Digital payments are processed and managed via specialized solutions. | Omaha, United States, United States | 1975 |
Auditor Details of Pine Labs Limited.
Pine Labs Limited. is audited by B S R & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| B S R & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Pine Labs Limited.
Pine Labs Limited. is currently managed by 9 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smita Chandramani Kumar | Director | 24 Mar 2025 | 1 Years 3 Months | Current |
| Shailendra Jit Singh | Additional Director | 13 Jun 2025 | 1 Years 0 Months | Current |
| Maninder Singh Juneja | Director | 24 Mar 2025 | 1 Years 3 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 3 Months | Current |
| Bairavarasu Amrish Rau | Ceo | 24 Mar 2025 | 1 Years 3 Months | Current |
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Kush Mehra
Also directs:
Plai Technology Private Limited
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Whole-Time Director | 29 Sep 2018 | 7 Years 9 Months | Current |
Financials of Pine Labs Limited. FY 2026 filings available
Pine Labs Limited. reported revenue of ₹2,710.59 Cr (up ) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹2,710.59 Cr |
| Other Income | ₹136.56 Cr |
| Total Income | ₹2,847.15 Cr |
| Cost of Materials Consumed | ₹0 |
| Purchases of Stock-in-Trade | ₹364.57 Cr |
| Changes in Inventories | ₹1.87 Cr |
| Employee Benefit Expense | ₹1,068.97 Cr |
| Finance Costs | ₹84.13 Cr |
| Depreciation & Amortisation | ₹270.13 Cr |
| Other Expenses | ₹916.7 Cr |
| Total Expenses | ₹2,706.37 Cr |
| Profit Before Exceptional Items & Tax | ₹140.78 Cr |
| Exceptional Items | -₹3.29 Cr |
| Profit Before Tax | ₹137.49 Cr |
| Total Tax Expense | ₹24.77 Cr |
| Net Profit | ₹112.51 Cr |
| Other Comprehensive Income | ₹13.92 Cr |
| Total Comprehensive Income | ₹126.43 Cr |
| EBITDA (computed) | ₹495.04 Cr |
| Basic EPS | ₹1.05 |
| Diluted EPS | ₹1.02 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹13,297 Cr |
| Non-current Assets | ₹2,412.63 Cr |
| Current Assets | ₹10,884 Cr |
| Property, Plant & Equipment | ₹298.17 Cr |
| Inventories | ₹31.85 Cr |
| Trade Receivables | ₹1,042.11 Cr |
| Cash & Equivalents | ₹1,393.08 Cr |
| Equity (Net Worth) | ₹5,895.41 Cr |
| Equity Share Capital | ₹114.83 Cr |
| Borrowings (Non-current) | ₹58 Lakh |
| Borrowings (Current) | ₹282.29 Cr |
| Total Debt (computed) | ₹282.87 Cr |
| Current Liabilities | ₹7,184.12 Cr |
| Total Liabilities | ₹7,401.55 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹395.39 Cr |
| Investing Cash Flow | -₹1,338.87 Cr |
| Financing Cash Flow | ₹1,972.17 Cr |
| Capital Expenditure | ₹238.38 Cr |
| Free Cash Flow (computed) | ₹157.01 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹1,028.7 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue from Operations | ₹700.51 Cr | ₹744.27 Cr | ₹649.9 Cr |
| Other Income | ₹40.93 Cr | ₹35.45 Cr | ₹23.01 Cr |
| Total Income | ₹741.44 Cr | ₹779.72 Cr | ₹672.91 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹102.97 Cr | ₹110.27 Cr | ₹80.61 Cr |
| Changes in Inventories | ₹1.37 Cr | -₹6.14 Cr | ₹74 Lakh |
| Employee Benefit Expense | ₹246.48 Cr | ₹263.31 Cr | ₹267.86 Cr |
| Finance Costs | ₹16.95 Cr | ₹24.49 Cr | ₹21.27 Cr |
| Depreciation & Amortisation | ₹70.89 Cr | ₹68.13 Cr | ₹65.87 Cr |
| Other Expenses | ₹243.26 Cr | ₹244.85 Cr | ₹225.33 Cr |
| Total Expenses | ₹681.92 Cr | ₹704.91 Cr | ₹661.68 Cr |
| Profit Before Exceptional Items & Tax | ₹59.52 Cr | ₹74.81 Cr | ₹11.23 Cr |
| Exceptional Items | ₹8.93 Cr | -₹12.22 Cr | ₹0 |
| Profit Before Tax | ₹68.45 Cr | ₹62.59 Cr | ₹11.23 Cr |
| Total Tax Expense | ₹9.05 Cr | ₹20.16 Cr | ₹5.19 Cr |
| Net Profit | ₹59.36 Cr | ₹42.39 Cr | ₹5.97 Cr |
| attributable to Owners | - | ₹0 | ₹5.97 Cr |
| attributable to NCI | - | ₹0 | ₹0 |
| Other Comprehensive Income | ₹8.13 Cr | -₹36 Lakh | ₹1.86 Cr |
| Total Comprehensive Income | ₹67.49 Cr | ₹42.03 Cr | ₹7.83 Cr |
| EBITDA (computed) | ₹147.36 Cr | ₹167.43 Cr | ₹98.37 Cr |
| Basic EPS | ₹0.52 | ₹0.38 | ₹0.06 |
| Diluted EPS | ₹0.51 | ₹0.38 | ₹0.06 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Digital infrastructure and transaction platform | ₹466.12 Cr | ₹383.43 Cr | ₹0 | ₹0 |
| Issuing and acquiring platform | ₹234.39 Cr | ₹129.95 Cr | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Digital infrastructure and transaction platform | ₹1,836.82 Cr | ₹1,531.27 Cr | - | - |
| Issuing and acquiring platform | ₹873.77 Cr | ₹509.91 Cr | - | - |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹1,926.09 Cr |
| Other Income | ₹172.29 Cr |
| Total Income | ₹2,098.38 Cr |
| Cost of Materials Consumed | ₹0 |
| Purchases of Stock-in-Trade | ₹132.67 Cr |
| Changes in Inventories | -₹1.93 Cr |
| Employee Benefit Expense | ₹753.25 Cr |
| Finance Costs | ₹70.39 Cr |
| Depreciation & Amortisation | ₹192.21 Cr |
| Other Expenses | ₹770.72 Cr |
| Total Expenses | ₹1,917.31 Cr |
| Profit Before Exceptional Items & Tax | ₹181.07 Cr |
| Exceptional Items | -₹2.3 Cr |
| Profit Before Tax | ₹178.77 Cr |
| Total Tax Expense | ₹28.89 Cr |
| Net Profit | ₹149.88 Cr |
| Other Comprehensive Income | ₹6.35 Cr |
| Total Comprehensive Income | ₹156.23 Cr |
| EBITDA (computed) | ₹443.67 Cr |
| Basic EPS | ₹1.39 |
| Diluted EPS | ₹1.36 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹13,479 Cr |
| Non-current Assets | ₹3,102.03 Cr |
| Current Assets | ₹10,377 Cr |
| Property, Plant & Equipment | ₹246.35 Cr |
| Inventories | ₹19.95 Cr |
| Trade Receivables | ₹822.19 Cr |
| Cash & Equivalents | ₹1,252.3 Cr |
| Equity (Net Worth) | ₹6,357.77 Cr |
| Equity Share Capital | ₹114.83 Cr |
| Borrowings (Non-current) | ₹58 Lakh |
| Borrowings (Current) | ₹250.56 Cr |
| Total Debt (computed) | ₹251.14 Cr |
| Current Liabilities | ₹6,962.55 Cr |
| Total Liabilities | ₹7,121.02 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹489.56 Cr |
| Investing Cash Flow | -₹1,534.79 Cr |
| Financing Cash Flow | ₹1,984.73 Cr |
| Capital Expenditure | ₹177.96 Cr |
| Free Cash Flow (computed) | ₹311.6 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹939.5 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue from Operations | ₹515.42 Cr | ₹548.4 Cr | ₹435 Cr |
| Other Income | ₹56.81 Cr | ₹50.42 Cr | ₹21.17 Cr |
| Total Income | ₹572.23 Cr | ₹598.82 Cr | ₹456.17 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹60.28 Cr | ₹48.3 Cr | ₹12.82 Cr |
| Changes in Inventories | -₹2.24 Cr | -₹73 Lakh | -₹1.43 Cr |
| Employee Benefit Expense | ₹171.26 Cr | ₹188.8 Cr | ₹190.34 Cr |
| Finance Costs | ₹13.52 Cr | ₹19.83 Cr | ₹18.29 Cr |
| Depreciation & Amortisation | ₹51.31 Cr | ₹48.48 Cr | ₹46.72 Cr |
| Other Expenses | ₹196.78 Cr | ₹208.36 Cr | ₹192.43 Cr |
| Total Expenses | ₹490.91 Cr | ₹513.04 Cr | ₹459.17 Cr |
| Profit Before Exceptional Items & Tax | ₹81.32 Cr | ₹85.78 Cr | -₹3 Cr |
| Exceptional Items | ₹8.52 Cr | -₹10.82 Cr | ₹0 |
| Profit Before Tax | ₹89.84 Cr | ₹74.96 Cr | -₹3 Cr |
| Total Tax Expense | ₹22.55 Cr | ₹18.33 Cr | -₹80 Lakh |
| Net Profit | ₹67.29 Cr | ₹56.63 Cr | -₹2.2 Cr |
| Other Comprehensive Income | ₹3.18 Cr | -₹1.43 Cr | -₹60 Lakh |
| Total Comprehensive Income | ₹70.47 Cr | ₹55.2 Cr | -₹2.8 Cr |
| EBITDA (computed) | ₹146.15 Cr | ₹154.09 Cr | ₹62.01 Cr |
| Basic EPS | ₹0.59 | ₹0.51 | ₹-0.02 |
| Diluted EPS | ₹0.58 | ₹0.50 | ₹-0.02 |
Board & Governance of Pine Labs Limited.
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Pine Labs Limited. has 6 directors - 3 independent and 2 executive. The board is chaired by BAIRAVARASU AMRISH RAU.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| BAIRAVARASU AMRISH RAU | Executive Director · CEO-MD · Chairperson | 2025-03-24 | 1 |
| KUSH MEHRA | Executive Director | 2025-05-09 | 1 |
| MANINDER SINGH JUNEJA | Non-Executive - Independent Director | 2025-03-24 | 2 |
| AMRITA GANGOTRA | Non-Executive - Independent Director | 2025-03-24 | 6 |
| SMITA CHANDRAMANI KUMAR | Non-Executive - Independent Director | 2025-03-24 | 1 |
| SHAILENDRA JIT SINGH | Non-Executive - Non Independent Director | 2025-06-13 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | SMITA CHANDRAMANI KUMAR (Chairperson), MANINDER SINGH JUNEJA, AMRITA GANGOTRA |
| Nomination and remuneration committee | MANINDER SINGH JUNEJA (Chairperson), SHAILENDRA JIT SINGH, AMRITA GANGOTRA |
| Stakeholders Relationship Committee | SHAILENDRA JIT SINGH (Chairperson), BAIRAVARASU AMRISH RAU, MANINDER SINGH JUNEJA |
| Risk Management Committee | SMITA CHANDRAMANI KUMAR (Chairperson), MANINDER SINGH JUNEJA, BAIRAVARASU AMRISH RAU |
| Corporate Social Responsibility Committee | BAIRAVARASU AMRISH RAU (Chairperson), KUSH MEHRA, AMRITA GANGOTRA |
| INFORMATION SECURITY COMMITTEE | AMRITA GANGOTRA (Chairperson), SMITA CHANDRAMANI KUMAR, BAIRAVARASU AMRISH RAU |
Charges & Borrowings of Pine Labs Limited.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2025 | Axis Bank Limited | ₹100 Cr | Open |
| 21 Sep 2023 | Others | ₹100 Cr | Open |
| 21 Sep 2023 | Citi Bank N.A. | ₹81 Cr | Open |
| 29 Nov 2022 | Others | ₹5 Cr | Open |
| 18 Nov 2022 | Axis Bank Limited | ₹274 Cr | Open |
Total charge records: 15 View all charges
Employees and EPFO Compliance at Pine Labs Limited.
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Employee Count & EPFO Data of Pine Labs Limited.
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GST Compliance of Pine Labs Limited.
GSTIN & GST Filing Data of Pine Labs Limited.
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Credit Ratings, Litigation & Regulatory Alerts for Pine Labs Limited.
Credit Ratings, Legal Cases & Regulatory Alerts of Pine Labs Limited.
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MSME Payment Delays by Pine Labs Limited.
MSME Payment Delays by Pine Labs Limited.
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Pine Labs Limited.
Subsidiaries & Group Companies of Pine Labs Limited.
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MCA Filings & Documents of Pine Labs Limited.
MCA Filings & Documents of Pine Labs Limited.
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Recent Activity on Pine Labs Limited.
Recent News on Pine Labs Limited.
Frequently Asked Questions about Pine Labs Limited.
Pine Labs Limited. is an active public limited company in the information technology sector based in Dlf Qe, Haryana, India. It was incorporated on 18 May 1998 (28+ years old) and is registered under CIN L67100HR1998PLC113312. The company has 3,346 employees.
Pine Labs Limited. reported revenue of ₹1,383.7 Cr for FY 2024 (up 4.00% YoY).
The current directors of Pine Labs Limited. are:
- Smita Chandramani Kumar
- Shailendra Jit Singh
- Maninder Singh Juneja
- Amrita Gangotra
- Bairavarasu Amrish Rau
- Kush Mehra
- Bairavarasu Amrish Rau
- Neerav Mehta
- Sameer Vasudev Kamath
The primary industry of Pine Labs Limited. is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
Pine Labs Limited. can be reached at the registered office: Unit No. 408 4Th Floor, Time Tower Mg Road, Dlf Qe, Haryana, India – 122002, or through the website pinelabs.com.
The authorised capital is ₹205.88 Cr, and the paid-up capital is ₹105.41 Cr.