About Silvermine Software India Private Limited
Data last updated:
Silvermine Software India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Silvermine Group Llc.,. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015FTC080590. Its GSTIN is 29AAVCS8117Q1Z4 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rachana Lunia and Manish Kumar Jha.
Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.56 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹2.19 Cr (net margin 8.2%) and EBITDA of ₹3.32 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 40% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Silvermine Group. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website silverminegroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No.5 Fifth Floor Vakil Squaremunicipal No56/3 (Old Municipal No.56)Gurappanapalya Bann, Erghata, Bangalore, Karnataka, India – 560029
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Silvermine Software India Private Limited
The main business activity of Silvermine Software India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Silvermine Software India Private Limited FY 2025 filings available
Silvermine Software India Private Limited reported revenue of ₹26.56 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Silvermine Software India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 23% growth in the latest year. EBITDA rose 22% 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 Silvermine Software 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.19 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Silvermine Software India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Silvermine Software 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 Silvermine Software India Private Limited
Silvermine Software India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MDS Pacific India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Artificial Electronics Intelligent Material Limited Listed | •••• | •••• | •••• | •••• | - | Chengalpattu, Tamil Nadu, India |
| Automatic Infotech (AI) Technologies Private Limited | •••• | •••• | •••• | •••• | 69 | Mumbai, Maharashtra, India |
| TC Infotech Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mobicule Technologies Private Limited | •••• | •••• | •••• | •••• | 101 | Mumbai, Maharashtra, India |
| Silvermine Software India Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Patterns Software Design Institute Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Rugr Sil Private Limited | •••• | •••• | •••• | •••• | 169 | Thane, Maharashtra, India |
| Productdossier Solutions (India) Private Limited | •••• | •••• | •••• | •••• | 152 | Pune, Maharashtra, India |
| Tarang Software Technologies Private Limited | •••• | •••• | •••• | •••• | 132 | Bangalore, Karnataka, India |
| Staedean Solutions Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
Peers are the five companies nearest above and the five nearest below Silvermine Software India by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Silvermine Software India Private Limited
Silvermine Software India Private Limited is audited by Akash & Kishor Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Akash & Kishor Chartered Accountants | 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 Silvermine Software India Private Limited
Silvermine Software India has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachana Lunia Also directs: FC Software Private Limited | Director | 03 Oct 2020 | 6 Years 0 Months | Current |
| Manish Kumar Jha Also directs: FC Software Private Limited | Director | 28 May 2015 | 11 Years 4 Months | Current |
| Pravin Kumar Thakur Also directs: FC Software Private Limited | Director | 28 May 2015 | 11 Years 4 Months | Current |
| Kavita Jha | Director | 02 Oct 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Silvermine Software 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 Silvermine Software India Private Limited
Silvermine Software India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Silvermine Software India Private Limited
Silvermine Software India Private Limited has 1 court case on record: 1 filed by Silvermine Software India. All case is pending. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Silvermine Software India Private Limited
Silvermine Software India operates one associated brand: Silvermine Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online platforms for regulatory compliance in heavy trucking and document filing. | silverminegroup.com |
Employees and EPFO Compliance at Silvermine Software India Private Limited
Silvermine Software India Private Limited has a workforce of 94 employees as of Apr 05, 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 Silvermine Software India Private Limited
Silvermine Software India Private Limited has 7 board changes on record since 2015: 4 appointments and 3 cessations. The latest: Kavita Jha ceased to be Director on 31 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Silvermine Software 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 Silvermine Software 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 Silvermine Software 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 Silvermine Software India Private Limited
Silvermine Software India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAVCS8117Q1Z4 | Karnataka | Active | 01 Jul 2017 |
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 Silvermine Software 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 Silvermine Software India Private Limited
Silvermine Software India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 May 2015 (11+ years old) and is registered under CIN U72200KA2015FTC080590.
Silvermine Software India reported revenue of ₹26.56 Cr for FY 2025 (up 23% YoY).
Silvermine Software India has 4 current directors:
- Rachana Lunia - Director
- Manish Kumar Jha - Director
- Pravin Kumar Thakur - Director
- Kavita Jha - Director
Silvermine Software India reported a net profit of ₹2.19 Cr (net margin 8.2%) and EBITDA of ₹3.32 Cr (EBITDA margin 12.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Silvermine Software India is 29% over three years and 40% over five years. In the latest year (FY 2025) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Silvermine Software India is 29AAVCS8117Q1Z4, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Silvermine Software India is U72200KA2015FTC080590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silvermine Software India has 1 court case on record: 1 filed by the company. 1 is pending.
Silvermine Software India was incorporated on 28 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Silvermine Software India by revenue are MDS Pacific India Private Limited, Artificial Electronics Intelligent Material Limited, Automatic Infotech (AI) Technologies Private Limited, TC Infotech Private Limited, Mobicule Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Kavita Jha ceased to be Director on 31 Jul 2022. Manish Kumar Jha ceased to be Director on 31 Jul 2022. Rachana Lunia ceased to be Additional Director on 26 Nov 2020. Silvermine Software India has 7 board changes on record in total.