About Simeio Development Center Private Limited
Data last updated:
Simeio Development Center Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Simeio Solutions Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2009PTC164725. Its GSTIN is 29AANCS0002L1ZA (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Siemeo Development Center Private Limited. It is led by directors including Nagasai Bhaskar Dabburu and Frank Demelfi.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9th Floor Umiya Business Bay Tower – I Cessna Building Park Outer Ring Road, Bengaluru, Karnataka, India – 560037.
As per the financials filed for FY 2023, the company reported a revenue of ₹119.15 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹13.19 Cr (net margin 11.1%) and EBITDA of ₹16.81 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has about 471 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Simeio Solution. The company has 2 deals on record (2 secondary share transfers); the latest was in April 2015. The company has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 3 overdue payments to 2 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 simeio.com.
Company details
CIN history
Simeio Development Center has one previous CIN (Corporate Identification Number): U72900MH2009PTC191568. The current CIN is U72900KA2009PTC164725, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2009PTC164725 | Current |
| U72900MH2009PTC191568 | Previous |
Contact details
Simeio Development Center Private Limited's registered office is in Bengaluru, Karnataka. Its website is simeio.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9th Floor Umiya Business Bay Tower – I Cessna Building Park Outer Ring Road, Bengaluru, Karnataka, India – 560037
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Simeio Development Center 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
Simeio Development Center operates one associated brand: Simeio Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IAM platforms, services, and advisory for secure digital access. | simeio.com |
Financials of Simeio Development Center Private Limited
FY 2024 filings availableSimeio Development Center Private Limited reported revenue of ₹119.15 Cr (up 6% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over three years, including 6% growth in the latest year. EBITDA fell 18% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹119.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.19 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | ||||
| Net Profit Margin | 11.1% | ||||
| 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 Simeio Development Center Private Limited, buy the company report.
Board of directors of Simeio Development Center Private Limited
Simeio Development Center has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagasai Bhaskar Dabburu | Director | 16 Sep 2023 | 3 Years 1 Months | Current |
| Frank Demelfi | Director | 26 Feb 2024 | 2 Years 7 Months | Current |
| Nicholas Charles Rowe | Director | 30 Dec 2024 | 1 Years 9 Months | Current |
| Poulomi Bhaduri | Additional Director | 25 Nov 2024 | 1 Years 10 Months | Current |
| Jisson Jose | Director | 13 Aug 2025 | 1 Years 2 Months | Current |
| Adarsh Nonavinakere Raghuram | Director | 13 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Simeio Development Center Private Limited is audited by R H Modi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R H Modi & Co. | FY 2023 | 106486W |
Shareholding
The shareholding of Simeio Development Center 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 Simeio Development Center Private Limited, buy the company report.
Deals & funding
Simeio Development Center Private Limited has 2 deals on record (2 secondary share transfers); the latest was in April 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2015 | Secondary share transfer | Undisclosed | Buyer: Simeio Solutions Inc Seller: an individual |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Simeio Solutions Inc Seller: 2 individuals |
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 Simeio Development Center 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
Simeio Development Center Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Swbi Architects Private Limited | |||
| Savim Technologies Private Limited |
To see the full MSME payment records of Simeio Development Center Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Simeio Development Center Private Limited has a workforce of 471 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Simeio Development Center has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCS0002L1ZA | Karnataka | Active | 11 Jul 2017 |
To see the full GST registrations and return filing status of Simeio Development Center Private Limited, buy the company report.
Recent activity
Simeio Development Center Private Limited has 24 board changes on record since 2017: 6 appointments and 18 cessations. The latest: Adarsh Nonavinakere Raghuram ceased to be Additional Director on 25 Sep 2025.
15 earlier events are in the company report.
News
Frequently asked questions
Simeio Development Center is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 April 2009 (17+ years old) and is registered under CIN U72900KA2009PTC164725.
Simeio Development Center has 6 current directors:
- Nagasai Bhaskar Dabburu - Director
- Frank Demelfi - Director
- Nicholas Charles Rowe - Director
- Poulomi Bhaduri - Additional Director
- Jisson Jose - Director
- Adarsh Nonavinakere Raghuram - Director
The latest financial statements of Simeio Development Center on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Simeio Development Center is 29AANCS0002L1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Simeio Development Center is U72900KA2009PTC164725. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simeio Development Center was incorporated on 08 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Simeio Development Center has 2 deals on record (2 secondary share transfers); the latest was in April 2015.
Adarsh Nonavinakere Raghuram ceased to be Additional Director on 25 Sep 2025. Jisson Jose ceased to be Additional Director on 25 Sep 2025. Nicholas Charles Rowe ceased to be Additional Director on 25 Sep 2025. Simeio Development Center has 24 board changes on record in total.
Simeio Development Center has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 28 Oct 2020.
Simeio Development Center can be reached through the website simeio.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Simeio Development Center is at 9th Floor Umiya Business Bay Tower – I Cessna Building Park Outer Ring Road, Bengaluru, Karnataka, India – 560037.