About Sears IT & Management Services India Private Limited
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Sears IT & Management Services India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Transform Overseas Company Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2009FTC134832. Its GSTIN is 27AANCS4767L1ZI (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹9.4 Cr and a paid-up capital of ₹3.84 Cr. It is led by directors Pandey Apoorva and Srinivasa Acharya Sriperumbudhru Kandala.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹158.81 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹17.16 Cr (net margin 10.8%) and EBITDA of ₹24.8 Cr (EBITDA margin 15.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 11% over five years.
The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.84 Cr; the latest was in March 2021. The company has 11 MSME Form 1 returns on record between 2018 and 2024, listing 75 overdue payments to 29 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 searsholdingsindia.in.
Company details
Contact details
Sears IT & Management Services India Private Limited's registered office is in Pune, Maharashtra. Its website is searsholdingsindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Panchashil Avenue Survey No. 210 Plot No. 71, Kalyani Nagar Wadgaon Sheri Road Next To Marigold Complex, Pune, Maharashtra, India – 411006
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Sears IT & Management Services 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 Sears IT & Management Services 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 Sears IT & Management Services India Private Limited, buy the company report.
Financials of Sears IT & Management Services India Private Limited
FY 2025 filings availableSears IT & Management Services India Private Limited reported revenue of ₹158.81 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 15% fall in the latest year. EBITDA fell 14% 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 | ₹24.8 Cr | ||||
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| Net Profit (PAT) | ₹17.16 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 | 15.6% | ||||
| Net Profit Margin | 10.8% | ||||
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To see the full financial statements and ratios of Sears IT & Management Services India Private Limited, buy the company report.
Board of directors of Sears IT & Management Services India Private Limited
Sears IT & Management Services India has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pandey Apoorva | Director | 24 Aug 2022 | 4 Years 2 Months | Current |
| Srinivasa Acharya Sriperumbudhru Kandala | Director | 15 Oct 2022 | 4 Years 0 Months | Current |
Auditor
Sears IT & Management Services India Private Limited is audited by BSR & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Sears IT & Management Services 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sears IT & Management Services India Private Limited, buy the company report.
Deals & funding
Sears IT & Management Services India Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.84 Cr; the latest was in March 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Transform Overseas Company LLC, Transform SR Holding Management LLC Seller: Sears Holdings Management Corporation, Sears Holding Mauritius Holding Company |
| Dec 2009 | Funding round | ₹3.84 Cr | Investors: Sears Holding Mauritius Holding Company, Sears Holdings Management Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Sears IT & Management Services 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
Sears IT & Management Services India Private Limited has 11 MSME Form 1 returns on record between 2018 and 2024, listing 75 overdue payments to 29 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 29)
To see the full MSME payment records of Sears IT & Management Services India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sears IT & Management Services India has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCS4767L1ZI | Maharashtra | Active | 01 Jul 2017 |
| 36AANCS4767L1ZJ | Telangana | Active | 01 Jul 2017 |
| 27AANCS4767L2ZH | Maharashtra | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of Sears IT & Management Services India Private Limited, buy the company report.
Recent activity
Sears IT & Management Services India Private Limited has 30 board changes on record since 2009: 16 appointments and 14 cessations. The latest: Eric Duane Gee ceased to be Director on 30 Apr 2025.
21 earlier events are in the company report.
Frequently asked questions
Sears IT & Management Services India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 15 October 2009 (17+ years old) and is registered under CIN U74900PN2009FTC134832.
Sears IT & Management Services India has 2 current directors:
- Pandey Apoorva - Director
- Srinivasa Acharya Sriperumbudhru Kandala - Director
The latest financial statements of Sears IT & Management Services India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sears IT & Management Services India is 27AANCS4767L1ZI, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 36AANCS4767L1ZJ (Telangana), 27AANCS4767L2ZH (Maharashtra).
The CIN (Corporate Identification Number) of Sears IT & Management Services India is U74900PN2009FTC134832. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sears IT & Management Services India was incorporated on 15 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
Sears IT & Management Services India has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.84 Cr; the latest was in March 2021.
Eric Duane Gee ceased to be Director on 30 Apr 2025. Anindya Pal ceased to be Director on 19 Nov 2022. Srinivasa Acharya Sriperumbudhru Kandala was appointed as Director on 15 Oct 2022. Sears IT & Management Services India has 30 board changes on record in total.
Sears IT & Management Services India has 11 MSME Form 1 returns on record between 2018 and 2024, listing 75 overdue payments to 29 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Sears IT & Management Services India can be reached through the website searsholdingsindia.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Sears IT & Management Services India is at 2nd Floor Panchashil Avenue Survey No. 210 Plot No. 71, Kalyani Nagar Wadgaon Sheri Road Next To Marigold Complex, Pune, Maharashtra, India – 411006.
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