Ping Identity India Private Limited
About Ping Identity India Private Limited
Data last updated:
Ping Identity India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Elastic Beam Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 31 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015FTC082569. Its GSTIN is 29AAECE0443N1ZG (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Elastic Beam (India) Private Limited. It is led by directors Sandeep Goyal (Whole-Time Director) and Raj M Dani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 5th Floor Block C Global Technology Park Marthahalli Outer Ring Road Belandur, Bangalore, Karnataka, India – 560103.
As per the financials filed for FY 2025, the company reported a revenue of ₹100.83 Cr, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹9.11 Cr (net margin 9%) and EBITDA of ₹15.45 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 78% over three years and 37% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address5th Floor Block C Global Technology Park Marthahalli Outer Ring Road Belandur, Bangalore, Karnataka, India – 560103
- 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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Business Activity of Ping Identity India Private Limited
The main business activity of Ping Identity India is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Ping Identity India Private Limited FY 2024 filings available
Ping Identity India Private Limited reported revenue of ₹100.83 Cr (up 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ping Identity India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 98% growth in the latest year. EBITDA rose 87% 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 Ping Identity 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 | ₹15.45 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.11 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 Ping Identity India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 Ping Identity India are in the company report.
Financial statements from FY 2016
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 Ping Identity India Private Limited
Ping Identity India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bvalue Services Private Limited | ₹102.12 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Bangalore, Karnataka, India |
| Benepik Technology Private Limited | ₹102.11 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Gurgaon, Haryana, India |
| MPG Business Information Systems Private Limited | ₹101.61 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Gurgaon, Haryana, India |
| Wilco Source Technologies Private Limited | ₹101.35 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Hyderabad, Telangana, India |
| Spectral Insights Private Limited | ₹101.25 Cr (FY 2024) | •••• | •••• | 166.0% | •••• | Bangalore, Karnataka, India |
| Ping Identity India Private Limited this company | ₹100.83 Cr (FY 2025) | •••• | •••• | 98.0% | •••• | Bangalore, Karnataka, India |
| Instareward Private Limited | ₹100.69 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Hosakote, Karnataka, India |
| Vodafone Idea Shared Services Limited | ₹100.47 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Exdion Solutions Private Limited | ₹100 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Ramy Infotech Private Limited | ₹99.96 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Delhi, India |
| Nippon Data Systems Limited | ₹99.96 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ping Identity India by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ping Identity India Private Limited
Ping Identity India Private Limited is audited by RANGAMANI & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RANGAMANI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ping Identity India Private Limited
Ping Identity India has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj M Dani Also directs: Procyon Technologies Private Limited | Director | 06 May 2022 | 4 Years 5 Months | Current |
| Sandeep Goyal Also directs: Procyon Technologies Private Limited | Whole-Time Director | 02 May 2024 | 2 Years 5 Months | Current |
Ownership and Shareholding of Ping Identity India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ping Identity India Private Limited
Ping Identity India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ping Identity India Private Limited
Ping Identity India Private Limited has a workforce of 77 employees as of Mar 27, 2024.
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.
Recent Activity on Ping Identity India Private Limited
Ping Identity India Private Limited has 12 board changes on record since 2019: 3 appointments and 9 cessations. The latest: Sandeep Goyal was appointed as Whole-Time Director on 02 May 2024.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ping Identity 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.
MSME Payment Delays by Ping Identity India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ping Identity 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 Ping Identity India Private Limited
Ping Identity India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE0443N1ZG | Karnataka | Active | 03 Jan 2018 |
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 Ping Identity 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 Ping Identity India Private Limited
Ping Identity 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 31 August 2015 (11+ years old) and is registered under CIN U72200KA2015FTC082569.
Ping Identity India reported revenue of ₹100.83 Cr for FY 2025 (up 98% YoY).
Ping Identity India has 2 current directors:
- Sandeep Goyal - Whole-Time Director
- Raj M Dani - Director
Ping Identity India reported a net profit of ₹9.11 Cr (net margin 9%) and EBITDA of ₹15.45 Cr (EBITDA margin 15.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ping Identity India is 78% over three years and 37% over five years. In the latest year (FY 2025) revenue rose 98%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ping Identity India is 29AAECE0443N1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Ping Identity India is U72200KA2015FTC082569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ping Identity India was incorporated on 31 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ping Identity India by revenue are Bvalue Services Private Limited, Benepik Technology Private Limited, MPG Business Information Systems Private Limited, Wilco Source Technologies Private Limited, Spectral Insights Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Sandeep Goyal was appointed as Whole-Time Director on 02 May 2024. Sandeep Goyal ceased to be Additional Director on 02 May 2024. Raj M Dani ceased to be Additional Director on 30 Sep 2022. Ping Identity India has 12 board changes on record in total.
The registered office of Ping Identity India is at 5th Floor Block C Global Technology Park Marthahalli Outer Ring Road Belandur, Bangalore, Karnataka, India – 560103.