About State-Street Services Private Limited
Data last updated:
State-Street Services Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of State Street Syntel Services (Mauritius) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the database management and solutions segment of the technology and IT services sector. It was incorporated on 04 February 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2004PTC144362. Its GSTIN is 27AAICS0964Q1ZM (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30.98 Lakh. It was formerly known as Syntel Sourcing Private Limited. It was led by directors including Arindam Banerrji and Sundarraj Venkatesan.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 2nd Floor Tower 2 Equinox Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹558.9 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹93.95 Cr (net margin 16.8%) and EBITDA of ₹175.27 Cr (EBITDA margin 31.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company had about 4,604 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹25 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
The last known website on record is atos-syntel.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor Tower 2 Equinox Business Park, Lbs Road Kurla West, Mumbai, Maharashtra, India – 400070
- IndustryInformation Technology, Database Management & 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 State-Street Services Private Limited
The main business activity of State-Street Services is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 State-Street Services Private Limited FY 2024 filings available
State-Street Services Private Limited reported revenue of ₹558.9 Cr (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of State-Street Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 9% fall in the latest year. EBITDA fell 26% 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 State-Street Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹175.27 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹93.95 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 of State-Street Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 16.8% | •••• | •••• | •••• | •••• |
| 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 State-Street Services are in the company report.
Financial statements from 2015
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 State-Street Services Private Limited
State-Street Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Database Management, Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Confluent India Private Limited | ₹592.29 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Mumbai, Maharashtra, India |
| 20Cube Logistics Solutions Private Limited | ₹583.18 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Chennai, Tamil Nadu, India |
| Northern Operating Solutions Private Limited | ₹575.94 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Pune, Maharashtra, India |
| Midland Credit Management India Private Limited | ₹572.82 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Concentrix Catalyst Technologies Private Limited | ₹560 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Gurgaon, Haryana, India |
| State-Street Services Private Limited this company | ₹558.9 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Alldigi Tech Limited Listed | ₹557.09 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Chennai, Tamil Nadu, India |
| Foundever CRM India Private Limited | ₹556.65 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Concentrix India Private Limited | ₹554.72 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Netambit Valuefirst Services Private Limited | ₹551.9 Cr (FY 2025) | •••• | •••• | 156.0% | •••• | New Delhi, Delhi, India |
| Outsourcepartners International Private Limited | ₹548.46 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below State-Street Services by revenue in the Outsourcing industry (Database Management, Diversified BPO), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of State-Street Services Private Limited
State-Street Services Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | 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 State-Street Services Private Limited
State-Street Services has 4 current directors and 49 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arindam Banerrji Also directs: State Street Corporate Services Mumbai Private Limited | Director | 11 Dec 2023 | 2 Years 10 Months | As last reported |
| Sundarraj Venkatesan | Director | 03 Jan 2019 | 7 Years 9 Months | As last reported |
| Venkataramesh Babu Kaza Also directs: Aibfsic Innovation Foundation | Director | 14 Aug 2023 | 3 Years 2 Months | As last reported |
| Alok Maheshwary Also directs: State Street Corporate Services Mumbai Private Limited | Director | 14 Aug 2023 | 3 Years 2 Months | As last reported |
Ownership and Shareholding of State-Street Services 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 State-Street Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2019 | Others | ₹25 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of State-Street Services Private Limited
State-Street Services Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Syntel Private Limited | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax - 11 Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax 11 | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax-11 | Disposed |
Full case history
All 4 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.
MSME Payment Delays by State-Street Services Private Limited
State-Street Services Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 14 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Altezzasys Systems Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Krishna Hospitality | •••• | •••• | •••• |
| Mega Water Proofing (India) Private Limited | •••• | •••• | •••• |
| Nityachaitanya Hospitality Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at State-Street Services Private Limited
State-Street Services Private Limited has a workforce of 4,604 employees as of Apr 09, 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 State-Street Services Private Limited
State-Street Services Private Limited has 51 board changes on record since 2006: 4 appointments and 47 cessations. The latest: Arindam Banerrji ceased to be Additional Director on 25 Sep 2024.
44 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for State-Street Services 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.
Subsidiaries & Group Companies of State-Street Services 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 State-Street Services Private Limited
State-Street Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS0964Q1ZM | Maharashtra | Active | 01 Jul 2017 |
| 27AAICS0964Q2ZL | Maharashtra | Active | 12 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 State-Street Services 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.
Related news about State-Street Services Private Limited
Frequently Asked Questions about State-Street Services Private Limited
State-Street Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
State-Street Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in database management and solutions, within the information technology industry. It was incorporated on 04 February 2004 and is registered under CIN U72200MH2004PTC144362. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
State-Street Services was incorporated on 04 February 2004. It is registered with the Registrar of Companies, Mumbai.
State-Street Services had 4 directors:
- Arindam Banerrji - Director
- Sundarraj Venkatesan - Director
- Venkataramesh Babu Kaza - Director
- Alok Maheshwary - Director
The CIN (Corporate Identification Number) of State-Street Services is U72200MH2004PTC144362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of State-Street Services is at 2nd Floor Tower 2 Equinox Business Park, Lbs Road Kurla West, Mumbai, Maharashtra, India – 400070.
State-Street Services can be reached through the website atos-syntel.net. Its registered office is in Mumbai, Maharashtra, India.
State-Street Services reported revenue of ₹558.9 Cr for FY 2024 (down 9% YoY).
State-Street Services has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30.98 Lakh.
State-Street Services reported a net profit of ₹93.95 Cr (net margin 16.8%) and EBITDA of ₹175.27 Cr (EBITDA margin 31.4%) for FY 2024, as per its filed financial statements.
The GSTIN of State-Street Services is 27AAICS0964Q1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAICS0964Q2ZL (Maharashtra).
State-Street Services operated in the information technology industry, in the database management and solutions segment.