About Plansource India Operations Private Limited
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Plansource India Operations Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Plansource Benefits Administration Inc.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC137822. Its GSTIN is 29AALCP3681J1ZS (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jennifer Anne Zador and Michael Alan Ehlers.
Its last annual general meeting (AGM) was held on 10 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No. 801 08th Floor Tower B Rmz Infinity Swami Vivekananda Road Bennigana Halli, Bengaluru, Karnataka, India – 560016.
As per the financials filed for FY 2024, the company reported a revenue of ₹62.91 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹5.79 Cr (net margin 9.2%) and EBITDA of ₹9.65 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 115% over three years.
The company has about 195 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PlanSource.
For more details, the company can be reached via its website plansource.com.
Company details
Contact details
Plansource India Operations Private Limited's registered office is in Bengaluru, Karnataka. Its website is plansource.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 801 08th Floor Tower B Rmz Infinity Swami Vivekananda Road Bennigana Halli, Bengaluru, Karnataka, India – 560016
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Plansource India Operations 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
Brands
Plansource India Operations operates one associated brand: PlanSource. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based HR and benefits administration is offered for SMBs. | plansource.com |
Business activity
The main business activity of Plansource India Operations 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 Plansource India Operations Private Limited, buy the company report.
Financials of Plansource India Operations Private Limited
FY 2024 filings availablePlansource India Operations Private Limited reported revenue of ₹62.91 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 115% over three years, including 13% growth in the latest year. EBITDA rose 27% 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 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 | ₹9.65 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.79 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
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| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 15.3% | |||
| Net Profit Margin | 9.2% | |||
| 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 | ||||
To see the full financial statements and ratios of Plansource India Operations Private Limited, buy the company report.
Board of directors of Plansource India Operations Private Limited
Plansource India Operations has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jennifer Anne Zador | Additional Director | 29 Apr 2025 | 1 Years 6 Months | Current |
| Michael Alan Ehlers | Additional Director | 26 Mar 2025 | 1 Years 7 Months | Current |
| Aditya Mehta | Additional Director | 25 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Plansource India Operations Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Digitech Call System Private Limited | ₹63.25 Cr (FY 2025) | 40.0% | New Delhi, Delhi, India | |||
| Weiwo Telecom Services Private Limited | ₹63.22 Cr (FY 2025) | 14.0% | Bangalore, Karnataka, India | |||
| Esper.Io Software Services Private Limited | ₹63.15 Cr (FY 2025) | 0.0% | Villivakkam, Tamil Nadu, India | |||
| Orbgen Technologies Private Limited | ₹63.14 Cr (FY 2025) | 367.0% | Chennai, Tamil Nadu, India | |||
| Storable India Private Limited | ₹62.92 Cr (FY 2025) | 103.0% | Hyderabad, Telangana, India | |||
| Plansource India Operations Private Limitedthis company | ₹62.91 Cr (FY 2024) | ₹5.79 Cr | 9.2% | 13.0% | 195 | Bengaluru, Karnataka, India |
| Exabeam India Private Limited | ₹62.85 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Yotta Network Services Private Limited | ₹62.64 Cr (FY 2024) | 35.0% | Mumbai, Maharashtra, India | |||
| GLT Techserv Private Limited | ₹62.62 Cr (FY 2024) | 490.0% | Bangalore, Karnataka, India | |||
| Smartdrive Systems (India) Private Limited | ₹62.55 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Gameadzone Private Limited | ₹62.4 Cr (FY 2024) | -1.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Plansource India Operations Private Limited, buy the company report.
Auditor
Plansource India Operations Private Limited is audited by S.R.Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Plansource India Operations Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Plansource India Operations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Plansource India Operations 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
Plansource India Operations Private Limited has 7 MSME Form 1 returns on record between 2021 and 2023, listing 18 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Riveron India Private Limited | |||
| Armstrong International Consultants | |||
| Jba Business Advisors LLP | |||
| an individual supplier | |||
| Rahi Systems Private Limited |
To see the full MSME payment records of Plansource India Operations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Plansource India Operations Private Limited has a workforce of 195 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Plansource India Operations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP3681J1ZS | Karnataka | Active | 18 Nov 2020 |
To see the full GST registrations and return filing status of Plansource India Operations Private Limited, buy the company report.
Recent activity
Plansource India Operations Private Limited has 11 board changes on record since 2021: 5 appointments and 6 cessations. The latest: Aditya Mehta was appointed as Additional Director on 25 Aug 2025.
2 earlier events are in the company report.
News
Frequently asked questions
Plansource India Operations is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 August 2020 (6+ years old) and is registered under CIN U72900KA2020FTC137822.
Plansource India Operations has 3 current directors:
- Jennifer Anne Zador - Additional Director
- Michael Alan Ehlers - Additional Director
- Aditya Mehta - Additional Director
The latest financial statements of Plansource India Operations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 10 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Plansource India Operations is 29AALCP3681J1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Plansource India Operations is U72900KA2020FTC137822. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Plansource India Operations was incorporated on 28 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Plansource India Operations by revenue are Digitech Call System Private Limited, Weiwo Telecom Services Private Limited, Esper.Io Software Services Private Limited, Orbgen Technologies Private Limited, Storable India Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Aditya Mehta was appointed as Additional Director on 25 Aug 2025. Jennifer Anne Zador was appointed as Additional Director on 29 Apr 2025. Anusha Rajeswaran was appointed as Additional Director on 26 Mar 2025. Plansource India Operations has 11 board changes on record in total.
Plansource India Operations has 7 MSME Form 1 returns on record between 2021 and 2023, listing 18 overdue payments to 10 micro and small suppliers. The latest return was filed on 27 Oct 2023.
Plansource India Operations can be reached through the website plansource.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Plansource India Operations is at Unit No. 801 08th Floor Tower B Rmz Infinity Swami Vivekananda Road Bennigana Halli, Bengaluru, Karnataka, India – 560016.
Plansource India Operations operates in the information technology industry, in the application development and software solutions segment.
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