About Sterling Commerce Solutions India Private Limited
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Sterling Commerce Solutions India Private Limited is a private limited company based in Banglaore, Karnataka, India, a subsidiary of Ibm India Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 November 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2000PTC028101. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹423.03 Cr and a paid-up capital of ₹1.86 Cr. It was formerly known as Yantra Solutions Private Limited. It is led by directors Bipin Poonacha Ponnengada and Raghavendra Ramachandra Udupi.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.12 Subramanya Arcade Bannerghatta Main Road, Banglaore, Karnataka, India – 560029.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.24 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.85 Cr (net margin 45%) and EBITDA of ₹12.02 Cr (EBITDA margin 78.9%). Revenue has grown at a compounded annual rate (CAGR) of 143% over three years and 24% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Sanovi and Sterling Commerce an AT&T company. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 3 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹19.34 Cr; the latest was in November 2012. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Ikf Technologies Limited with revenue of ₹15.32 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sterlingcommerce.com.
Company details
Contact details
Sterling Commerce Solutions India Private Limited's registered office is in Banglaore, Karnataka. Its website is sterlingcommerce.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.12 Subramanya Arcade Bannerghatta Main Road, Banglaore, Karnataka, India – 560029
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Sterling Commerce Solutions 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
Brands
Sterling Commerce Solutions India operates two associated brands: Sanovi and Sterling Commerce an AT&T company. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business continuity and cloud-recovery software solutions are provided to enterprises. | sanovi.com | |
| Software suite solutions for e-commerce businesses are provided. | sterlingcommerce.com |
Financials of Sterling Commerce Solutions India Private Limited
FY 2025 filings availableSterling Commerce Solutions India Private Limited reported revenue of ₹15.24 Cr (up 607% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 607% growth in the latest year. EBITDA rose 672% 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 | ₹12.02 Cr | ||||
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| Net Profit (PAT) | ₹6.85 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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| Profitability | |||||
| EBITDA Margin | 78.9% | ||||
| Net Profit Margin | 45% | ||||
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To see the full financial statements and ratios of Sterling Commerce Solutions India Private Limited, buy the company report.
Board of directors of Sterling Commerce Solutions India Private Limited
Sterling Commerce Solutions India has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Poonacha Ponnengada Also directs: Datastax Technology Private Limited | Director | 24 May 2024 | 2 Years 5 Months | Current |
| Raghavendra Ramachandra Udupi Also directs: Kenexa Technologies Private Limited | Director | 04 Oct 2019 | 7 Years 1 Months | Current |
Peer comparison
Sterling Commerce Solutions India Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ikf Technologies Limited | ₹15.32 Cr (FY 2019) | -63.0% | Kolkata, West Bengal, India | |||
| Foundingminds Software Private Limited | ₹15.28 Cr (FY 2024) | 6.0% | Thiruvananthapuram, Kerala, India | |||
| Unified Infotech Private Limited | ₹15.28 Cr (FY 2024) | 1.0% | Kolkata, West Bengal, India | |||
| Advantal Technologies Limited | ₹15.27 Cr (FY 2024) | 43.0% | Gurgaon, Haryana, India | |||
| Indicus Software Private Limited | ₹15.26 Cr (FY 2025) | 30.0% | Pune, Maharashtra, India | |||
| Sterling Commerce Solutions India Private Limitedthis company | ₹15.24 Cr (FY 2025) | ₹6.85 Cr | 45% | 607.0% | Banglaore, Karnataka, India | |
| Mindpro Technologies Private Limited | ₹15.22 Cr (FY 2025) | 28.0% | Karur, Tamil Nadu, India | |||
| Anora Semiconductor Labs Private Limited | ₹15.19 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Trooinbound Private Limited | ₹15.16 Cr (FY 2025) | 29.0% | Ahmedabad, Gujarat, India | |||
| Pulse E Technologies Private Limited | ₹15.15 Cr (FY 2024) | 340.0% | Gurgaon, Haryana, India | |||
| Tripod Software Solutions Private Limited | ₹15.15 Cr (FY 2024) | 39.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Sterling Commerce Solutions India Private Limited, buy the company report.
Auditor
Sterling Commerce Solutions India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Sterling Commerce Solutions 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sterling Commerce Solutions India Private Limited, buy the company report.
Deals & funding
Sterling Commerce Solutions India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹19.34 Cr; the latest was in November 2012.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Secondary share transfer | Undisclosed | Buyer: IBM World Trade Holding LLC, Ibm India Private Limited Seller: Sterling Commerce America Inc, Sterling Commerce Inc |
| Dec 2006 | Funding round | ₹19.34 Cr | Investors: Sterling Commerce America Inc |
To see the full deal history of Sterling Commerce Solutions India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sterling Commerce Solutions India Private Limited has 9 court cases on record: 5 filed by Sterling Commerce Solutions India, 4 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Assistant Director of Income Tax and 3 others | Pending |
| High Court, KARNATAKA | Tax appeal | Filed against the company by The Pr.Commissioner of Income Tax Cit(A) and 1 other | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR Commissioner of Income Tax - 6 | Pending |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company against an individual | Disposed |
| High Court | Tax appeal | Filed against the company by The Pr.Commissioner of Income Tax Cit(A) and 1 other | Disposed |
To see the full case history of Sterling Commerce Solutions India Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Sterling Commerce Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sterling Commerce Solutions India has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sanovi Technologies Private Limited | U64203KA1999PTC040905 | |
| Truven Health Analytics India Private Limited | U74999KA2012FTC143105 |
To see the full group structure of Sterling Commerce Solutions India Private Limited, buy the company report.
GST
Sterling Commerce Solutions India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sterling Commerce Solutions India Private Limited, buy the company report.
Recent activity
Sterling Commerce Solutions India Private Limited has 21 board changes on record since 2007: 3 appointments and 18 cessations. The latest: Bipin Poonacha Ponnengada ceased to be Additional Director on 17 Sep 2024.
12 earlier events are in the company report.
Frequently asked questions
Sterling Commerce Solutions India is an active private limited company based in Banglaore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 November 2000 (26+ years old) and is registered under CIN U72200KA2000PTC028101.
Sterling Commerce Solutions India has 2 current directors:
- Bipin Poonacha Ponnengada - Director
- Raghavendra Ramachandra Udupi - Director
The latest financial statements of Sterling Commerce Solutions India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
No. Sterling Commerce Solutions India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sterling Commerce Solutions India is U72200KA2000PTC028101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterling Commerce Solutions India has 9 court cases on record: 5 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Sterling Commerce Solutions India was incorporated on 10 November 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Sterling Commerce Solutions India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹19.34 Cr; the latest was in November 2012.
The peers of Sterling Commerce Solutions India by revenue are Ikf Technologies Limited, Foundingminds Software Private Limited, Unified Infotech Private Limited, Advantal Technologies Limited, Indicus Software Private Limited and 5 more, all in the Information Technology industry (Application Development).
Bipin Poonacha Ponnengada ceased to be Additional Director on 17 Sep 2024. Bipin Poonacha Ponnengada was appointed as Director on 24 May 2024. Raghavendra Malpe Pai ceased to be Additional Director on 19 Sep 2022. Sterling Commerce Solutions India has 21 board changes on record in total.
Sterling Commerce Solutions India can be reached through the website sterlingcommerce.com. Its registered office is in Banglaore, Karnataka, India.
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