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.
Company details
Contact details
Ping Identity India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5th Floor Block C Global Technology Park Marthahalli Outer Ring Road Belandur, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ping Identity 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 Ping Identity India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ping Identity India Private Limited, buy the company report.
Financials of Ping Identity India Private Limited
FY 2024 filings availablePing Identity India Private Limited reported revenue of ₹100.83 Cr (up 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹15.45 Cr | ||||
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| Net Profit (PAT) | ₹9.11 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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| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 9% | ||||
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To see the full financial statements and ratios of Ping Identity India Private Limited, buy the company report.
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 6 Months | Current |
| Sandeep Goyal Also directs: Procyon Technologies Private Limited | Whole-Time Director | 02 May 2024 | 2 Years 6 Months | Current |
Peer comparison
Ping Identity India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| 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 Limitedthis company | ₹100.83 Cr (FY 2025) | ₹9.11 Cr | 9% | 98.0% | 77 | 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 | |||
| 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 |
To see the full peer comparison of Ping Identity India Private Limited, buy the company report.
Auditor
Ping Identity India Private Limited is audited by RANGAMANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANGAMANI & CO | FY 2023 | 3052S |
Shareholding
The shareholding of Ping Identity India Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Ping Identity India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ping Identity 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
No delayed payments to MSME suppliers are on our record for Ping Identity India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ping Identity India Private Limited has a workforce of 77 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Ping Identity India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE0443N1ZG | Karnataka | Active | 03 Jan 2018 |
To see the full GST registrations and return filing status of Ping Identity India Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 2 current directors:
- Sandeep Goyal - Whole-Time Director
- Raj M Dani - Director
The latest financial statements of Ping Identity India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
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 4 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.
Ping Identity India operates in the information technology industry, in the IT consulting and support services segment.
The compliance status of Ping Identity India is compliant as of 24 August 2026. The company is actively filing with the Registrar of Companies.
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