Subex Limited

BSE: 532348 NSE: SUBEXLTD
Subex Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN L85110KA1994PLC016663 Incorporated 06 December 1994 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Listed - NSE: SUBEXLTD · BSE: 532348 Public Limited Company information technology
Data last updated
Market Cap
₹1,083 Cr
SUBEXLTD · NSE
Share Price
₹19.59
+1.98% today
Revenue
₹279 Cr
FY 2025-26 · -2.3% YoY
EBITDA
₹21.08 Cr
Margin 7.5%
Net Profit
₹32.03 Cr
FY 2025-26 · +187.5% YoY
P/E (TTM)
33.7x
P/B 3.1x
ROE
8.4%
ROCE 9.3%
Debt / Equity
0.07
Interest cover 36.3x

About Subex Limited

Data last updated:

Subex Limited is a public limited company based in Bengaluru, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 December 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L85110KA1994PLC016663. Its GSTIN is 29AABCS9255R1ZD (Karnataka). Its shares are listed on BSE: 532348 and NSE: SUBEXLTD.

The company has an authorised share capital of ₹590 Cr and a paid-up capital of ₹281 Cr. It was formerly known as Subex Azure Limited and Subex Systems Private Limited. It is led by directors including Nisha Dutt (Managing Director) and Murali Kalyanaraman.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pritech Park, Bengaluru, Karnataka.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹279.06 Cr, a decline of 2.3% compared to the previous year. For the same year it recorded a net profit of ₹32.03 Cr (net margin 11.5%) and EBITDA of ₹21.08 Cr (EBITDA margin 7.6%). The net worth stands at ₹342.81 Cr (up 12.6% YoY). Total assets are valued at ₹449.28 Cr (up 12.6% YoY).

The company has about 820 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 3 brands: HyperSense, Sectrio and Subex. As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹907.54 Cr on record. Court records list 68 cases involving the company, including 33 filed by the company and 35 filed against it; 7 cases are 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 subex.com.

Company Details of Subex Limited
CIN L85110KA1994PLC016663
Registration Number 016663
Incorporation Date 06 December 1994
ROC Bangalore
Listing Status Listed (BSE: 532348, NSE: SUBEXLTD)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Nisha Dutt Managing Director Murali Kalyanaraman Director Rupinder Goel Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    subex.com
  • Social Media
  • Registered Address
    Pritech Park – SEZ Block – 09 4th Floor B Wing Sy No. 51 – 64/4 Orr Bellandur Vlg Vart, Hur Hobli, Bengaluru, Karnataka, India – 560103
  • Industry
    Information Technology, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Subex Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Name History of Subex Limited

Subex has undergone 3 name changes throughout its history. The company was previously known as Subex Azure Limited, Subex Systems Private Limited, and Subex Systems Limited. The current legal name is Subex Limited.

Company NameStatus
Subex LimitedCurrent
Subex Azure LimitedPrevious
Subex Systems Private LimitedPrevious
Subex Systems LimitedPrevious

CIN History of Subex Limited

Subex has one previous CIN (Corporate Identification Number): U32201KA1994PTC016663. The current CIN is L85110KA1994PLC016663, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L85110KA1994PLC016663Current
U32201KA1994PTC016663Previous

Associated Brands with Subex Limited

Subex operates multiple associated brands including HyperSense, Sectrio, and Subex. Each brand links to its own profile.

BrandDescriptionWebsite
HyperSense
Offers an AI-based platform for fraud detection and prevention in enterprises.hypersenseai.com
Sectrio
Offers cybersecurity services for operational technology and IoT systems.sectrio.com
Subex
Telecom business and operations support systems are provided.subex.com

Competitors & Alternatives of Subex Limited

Brands and companies operating in the same space as Subex Limited include Armis Security, Forescout, Upstream Security and 7 more.

CompetitorDescriptionLocationFounded
Armis Security Armis Security Wireless security platform for IoT applications is provided.Palo Alto, United States2015
Forescout Forescout Provider of cyber security solutions for asset visibility and threat managementSan Jose, United States2000
Upstream Security Upstream Security Connected vehicle fleets are secured via cloud-based cybersecurity platforms.Herzliya, Israel2017
GBG GBG Fraud prevention solutions are provided by GBG platform to businesses.Chester, United Kingdom1989
Iconectiv Iconectiv Interconnection technology and clearinghouse solutions for telecom carriers are provided.Bridgewater, United States1983
Xage Security Xage Security Blockchain-based security platform for IoT applications is provided.Palo Alto, United States2016
Neusoft Neusoft IT solutions and services are provided to multiple industries.Shenyang, China1991
Ordr Ordr Security solutions for IoT device vulnerabilities are developed.Santa Clara, United States2015
Amdocs Amdocs Cloud-based OSS and BSS solutions are provided to communications providers.Chesterfield, United States1982
Effectiv Effectiv AI-based anti-fraud and risk management solutions are offered to businesses.San Francisco, United States2021

Business Activity of Subex Limited

The main business activity of Subex is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ6Computer programming, consultancy and related activitiesLocked
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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.

Auditor Details of Subex Limited

Subex Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2022.

NameStatusAppointment DateCessation Date
S.R. Batliboi & Associates LLPLockedLockedLocked
Premium access

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 Subex Limited

Subex has 6 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nisha Dutt
Also directs: Subex Digital LLP, Subex Assurance LLP, Subex Technologies Limited
Managing Director10 May 20242 Years 4 MonthsCurrent
Murali Kalyanaraman
Also directs: Oorjita Finai Services LLP
Director10 May 20242 Years 4 MonthsCurrent
Rupinder GoelDirector08 Aug 20233 Years 1 MonthsCurrent
Venkata Erinti Narayana
Also directs: Lead Angels Association for Entrepreneurship Development, Svaas Management Services Private Limited, SMS Vans Skilling and Advisory Private Limited
Director25 Dec 20250 Years 9 MonthsCurrent
Alok Ohrie
Also directs: Sutlej Textiles and Industries Limited
Director04 Jan 20260 Years 9 MonthsCurrent
Stephane Raymond Marie Le LettyAdditional Director25 Mar 20260 Years 6 MonthsCurrent
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Financials of Subex Limited FY 2025-26 filings available

Subex Limited reported revenue of ₹279.06 Cr (down 2.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹279 Cr
-2.3% YoY
EBITDA
₹21.08 Cr
+243.9% YoY
Profit After Tax
₹32.03 Cr
+187.5% YoY
Net Worth
₹343 Cr
+12.6% YoY
Total Assets
₹449 Cr
+12.6% YoY
Total Debt
₹28.27 Cr
+45.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue279286310279333372365
Revenue growth-2.3%-7.8%+11.1%-16.4%-10.4%+1.9%-
EBITDA21.08(14.65)(164)(29.88)35.9196.41(231)
EBITDA margin+7.6%-5.1%-52.8%-10.7%+10.8%+25.9%-63.4%
Profit before tax37.49(19.82)(175)(39.06)33.6989.37(238)
Net profit32.03(36.61)(52.04)(51.87)20.8249.9168.17
Net profit margin+11.5%-12.8%-16.8%-18.6%+6.2%+13.4%+18.7%
EPS (₹)0.51(0.56)(3.41)(0.91)0.370.92(4.79)
Balance sheet
Total assets449399364557581577568
Net worth343304334522564549515
Total debt28.2719.3828.1633.3914.6825.7948.67
Cash & bank10161.3710110910914591.10
Net working capital161111148172214225167
Cash flow
Cash from operations71.519.50(8.28)9.25(8.10)90.9566.24
Cash from investing(31.24)(16.04)34.47(35.75)(34.13)(6.37)(1.94)
Cash from financing(8.73)(12.05)(9.34)(6.51)(15.32)(32.07)(13.34)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue79.4572.9670.7968.9166.4070.6072.6974.16
Revenue growth (YoY)+19.7%+3.3%-2.6%-7.1%-2.6%---
Other income4.697.514.251.5215.812.761.075.42
EBITDA15.009.004.546.283.93(13.00)2.501.89
EBITDA margin+18.9%+12.3%+6.4%+9.1%+5.9%-18.4%+3.4%+2.5%
Depreciation2.602.912.372.764.043.383.353.73
Interest0.630.800.660.820.990.500.540.59
Profit before tax16.4612.805.764.2214.71(14.12)(0.32)2.99
Tax2.242.872.831.361.903.482.932.37
Net profit14.229.932.932.8612.81(17.60)(3.25)0.62
EPS (₹)0.260.180.050.050.23(0.32)(0.06)0.01
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue25626926927468.3655.0110.79
Revenue growth-4.7%-0.1%-1.7%+300.1%+24.3%+409.8%-
EBITDA(7.72)(37.60)(184)(65.09)(2.74)28.50(221)
EBITDA margin-3.0%-14.0%-68.3%-23.8%-4.0%+51.8%-2048.3%
Profit before tax9.16(45.79)(198)(76.99)(4.47)26.51(205)
Net profit38.79(54.21)(73.87)(68.78)(4.48)28.507.73
Net profit margin+15.2%-20.2%-27.5%-25.2%-6.6%+51.8%+71.6%
EPS (₹)0.10(0.89)(3.79)(1.22)(0.08)0.47(3.66)
Balance sheet
Total assets202183240454491503503
Net worth172165214424489502500
Total debt26.2518.5125.3529.660.380.462.72
Cash & bank29.758.0212.1645.608.773.973.92
Net working capital(8.30)(30.11)(6.10)18.9725.06(10.21)(16.24)
Cash flow
Cash from operations70.688.12(4.13)45.45(18.69)1.45(12.56)
Cash from investing(49.88)(4.22)(2.01)(24.33)32.5125.3016.08
Cash from financing(7.61)(10.29)(7.29)(4.66)(9.77)(26.70)(0.57)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue72.7864.5665.4463.5162.5666.2769.0868.48
Revenue growth (YoY)+16.3%-2.6%-5.3%-7.3%-3.7%---
Other income3.0111.533.421.0615.410.580.374.56
Total expenses63.3665.6468.4163.9665.7883.4972.7173.38
EBITDA9.42(1.08)(2.97)(0.45)(3.22)(17.22)(3.63)(4.90)
EBITDA margin+12.9%-1.7%-4.5%-0.7%-5.1%-26.0%-5.3%-7.2%
Depreciation2.392.782.532.583.693.143.173.20
Interest0.590.740.630.670.920.430.470.50
Profit before tax9.456.93(2.71)(2.64)7.58(20.21)(6.90)(4.04)
Tax0.900.890.670.720.711.710.440.54

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue79.4572.9670.7968.9166.4070.6072.6974.16
Revenue growth (YoY)+19.7%+3.3%-2.6%-7.1%-2.6%---
Other income4.697.514.251.5215.812.761.075.42
EBITDA15.009.004.546.283.93(13.00)2.501.89
EBITDA margin+18.9%+12.3%+6.4%+9.1%+5.9%-18.4%+3.4%+2.5%
Depreciation2.602.912.372.764.043.383.353.73
Interest0.630.800.660.820.990.500.540.59
Profit before tax16.4612.805.764.2214.71(14.12)(0.32)2.99
Tax2.242.872.831.361.903.482.932.37
Net profit14.229.932.932.8612.81(17.60)(3.25)0.62
EPS (₹)0.260.180.050.050.23(0.32)(0.06)0.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue279286310279333372365
Revenue growth-2.3%-7.8%+11.1%-16.4%-10.4%+1.9%-
Other income31.7611.176.738.1610.3710.2814.50
Total expenses258300473309298276596
Employee cost165185209201214197175
EBITDA21.08(14.65)(164)(29.88)35.9196.41(231)
EBITDA margin+7.6%-5.1%-52.8%-10.7%+10.8%+25.9%-63.4%
Depreciation12.0814.1215.5913.999.8813.7815.08
Interest3.272.222.633.352.713.545.64
Profit before tax37.49(19.82)(175)(39.06)33.6989.37(238)
Tax8.9611.6216.6312.1512.7037.6531.45
Net profit32.03(36.61)(52.04)(51.87)20.8249.9168.17
Net profit margin+11.5%-12.8%-16.8%-18.6%+6.2%+13.4%+18.7%
EPS (₹)0.51(0.56)(3.41)(0.91)0.370.92(4.79)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital281281281281281281562
Reserves & surplus65.7927.8056.83247290279(34.28)
Shareholders' funds (net worth)343304334522564549515
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.000.000.00
Unsecured loans28.2719.3828.1633.3914.6825.7948.67
Total debt28.2719.3828.1633.3914.6825.7948.67
Total liabilities449399364557581577568
Assets
Gross block262264434429401402741
Net block228217228385368375393
Capital work in progress0.000.000.000.000.000.000.00
Investments31.9222.378.9613.8711.650.000.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors93.5177.6210290.3796.8199.5692.06
Cash & bank balances10161.3710110910914591.10
Loans & advances69.2960.3840.9449.7579.4367.5559.56
Total current assets263199243249285312243
Total current liabilities10387.9595.0477.1371.2786.6875.63
Net working capital161111148172214225167
Total assets449399364557581577568
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash50.6469.2352.3885.3914390.4339.47
Net cash from operating activities71.519.50(8.28)9.25(8.10)90.9566.24
Net cash from investing activities(31.24)(16.04)34.47(35.75)(34.13)(6.37)(1.94)
Net cash from financing activities(8.73)(12.05)(9.34)(6.51)(15.32)(32.07)(13.34)
Net change in cash31.54(18.59)16.85(33.01)(57.55)52.5150.96
Closing cash10161.3710110910914591.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.3%-7.8%+11.1%-16.4%-10.4%+1.9%-
EBITDA growth+243.9%+91.1%-447.6%-183.2%-62.8%+141.7%-
PBT growth+9998.0%+88.7%-348.3%--62.3%+9998.0%-
Net income growth+187.5%+29.7%-0.3%-349.1%-58.3%-26.8%-
Revenue CAGR (3Y)+0.0%-5.0%-5.9%-8.6%-1.4%+4.7%+0.7%
EBITDA CAGR (3Y)----49.5%-11.2%+41.2%+126.9%
Profitability & leverage
Net income margin+10.2%-11.0%-61.9%-18.4%+6.3%+13.9%-73.7%
Return on capital employed+9.3%0.0%0.0%-6.3%+6.3%+16.2%0.0%
Return on net worth+8.4%0.0%0.0%-9.4%+3.8%+9.7%0.0%
Debt / equity0.070.070.070.040.040.070.04
Long-term debt / equity0.050.050.050.030.020.050.03
Interest cover36.33-7.72-1.47-7.6410.414.28-2.29
Efficiency & per share
Fixed asset turnover1.060.820.720.670.830.650.51
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover3.263.193.232.983.403.884.11
EPS (₹)0.51(0.56)(3.41)(0.91)0.370.92(4.79)
Dividend per share (₹)0.000.000.000.000.000.750.00
Book value per share (₹)6.175.496.019.3910.159.969.39
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue72.7864.5665.4463.5162.5666.2769.0868.48
Revenue growth (YoY)+16.3%-2.6%-5.3%-7.3%-3.7%---
Other income3.0111.533.421.0615.410.580.374.56
Total expenses63.3665.6468.4163.9665.7883.4972.7173.38
EBITDA9.42(1.08)(2.97)(0.45)(3.22)(17.22)(3.63)(4.90)
EBITDA margin+12.9%-1.7%-4.5%-0.7%-5.1%-26.0%-5.3%-7.2%
Depreciation2.392.782.532.583.693.143.173.20
Interest0.590.740.630.670.920.430.470.50
Profit before tax9.456.93(2.71)(2.64)7.58(20.21)(6.90)(4.04)
Tax0.900.890.670.720.711.710.440.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue25626926927468.3655.0110.79
Revenue growth-4.7%-0.1%-1.7%+300.1%+24.3%+409.8%-
Other income31.426.411.512.420.060.0922.25
Total expenses26430645333971.1026.51232
Employee cost11011311812242.9313.616.16
EBITDA(7.72)(37.60)(184)(65.09)(2.74)28.50(221)
EBITDA margin-3.0%-14.0%-68.3%-23.8%-4.0%+51.8%-2048.3%
Depreciation11.5812.6613.5011.871.631.935.62
Interest2.961.942.372.450.160.150.32
Profit before tax9.16(45.79)(198)(76.99)(4.47)26.51(205)
Tax3.303.9915.26(8.23)0.000.291.18
Net profit38.79(54.21)(73.87)(68.78)(4.48)28.507.73
Net profit margin+15.2%-20.2%-27.5%-25.2%-6.6%+51.8%+71.6%
EPS (₹)0.10(0.89)(3.79)(1.22)(0.08)0.47(3.66)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital281281281281281281562
Reserves & surplus(105)(112)(62.80)149215232(49.43)
Shareholders' funds (net worth)172165214424489502500
Secured loans0.000.000.000.000.000.000.00
Unsecured loans26.2518.5125.3529.660.380.462.72
Total debt26.2518.5125.3529.660.380.462.72
Total liabilities202183240454491503503
Assets
Gross block11011411210862.6362.5965.99
Net block30.4221.4131.4940.577.158.7411.57
Capital work in progress0.000.000.000.000.000.000.00
Investments160155176346428476476
Inventories0.000.000.000.000.000.000.00
Sundry debtors42.3155.3375.0110958.2421.849.15
Cash & bank balances29.758.0212.1645.608.773.973.92
Loans & advances62.2122.9313.8015.9511.0539.8918.98
Total current assets13486.2810117078.0665.7032.05
Total current liabilities14311610715153.0075.9148.29
Net working capital(8.30)(30.11)(6.10)18.9725.06(10.21)(16.24)
Total assets202183240454491503503
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.6611.0524.488.023.973.920.97
Net cash from operating activities70.688.12(4.13)45.45(18.69)1.45(12.56)
Net cash from investing activities(49.88)(4.22)(2.01)(24.33)32.5125.3016.08
Net cash from financing activities(7.61)(10.29)(7.29)(4.66)(9.77)(26.70)(0.57)
Net change in cash13.19(6.39)(13.43)16.464.050.052.95
Closing cash29.758.0212.1645.608.773.973.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.7%-0.1%-1.7%+300.1%+24.3%+409.8%-
EBITDA growth+79.5%+79.5%-182.1%-2275.6%-109.6%+112.9%-
PBT growth+9998.0%+76.9%-157.2%-1622.4%-+9998.0%-733.8%
Net income growth+171.6%+26.6%-7.4%-1435.3%-115.7%+268.7%-
Revenue CAGR (3Y)-2.2%+57.8%+69.7%+193.8%+52.8%-32.6%-67.8%
EBITDA CAGR (3Y)-50.9%+139.4%--33.5%-47.0%+44.4%+146.1%
Profitability & leverage
Net income margin+2.3%-18.5%-79.3%-25.1%-6.5%+47.7%-1908.1%
Return on capital employed+12.8%0.0%0.0%0.0%-0.9%+5.3%0.0%
Return on net worth+11.7%0.0%0.0%0.0%-0.9%+5.2%0.0%
Debt / equity0.130.120.090.030.000.000.00
Long-term debt / equity0.090.070.060.030.000.000.00
Interest cover-15.34-3.86-1.20-3.18-3.660.56-0.14
Efficiency & per share
Fixed asset turnover2.282.382.453.211.090.860.17
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.254.122.933.271.713.551.23
EPS (₹)0.10(0.89)(3.79)(1.22)(0.08)0.47(3.66)
Dividend per share (₹)0.000.000.000.000.000.750.00
Book value per share (₹)3.123.013.887.658.839.139.12
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Shareholding Pattern of Subex Limited

Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 0.60%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 99.40%.

FII (Foreign Institutional): 0.60%Retail & Others: 99.40%
Sep 2026
QUARTER
0.60% FII (Foreign Institutional)
99.40% Retail & Others
Public holding - history
Now 100.00% · Sep 2026High 100.00% · Dec 2025Low 100.00% · Dec 2025
99%99.3%99.5%99.8%100%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 100.00%Mar 2026: 100.00%Jun 2026: 100.00%Sep 2026: 100.00%100.00%100.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%

Group Structure of Subex Limited

Subex has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Subex Account Aggregator Services Private LimitedU67110KA2022PTC161029-
Subex Technologies LimitedU74140KA2005PLC035905-

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Subex Limited

Open charges
₹2 Cr
Satisfied charges
₹907.54 Cr
Breakdown by lending institutions
The Hongkong and Shanghai Banking Corporation Limited₹2.00 Cr
Latest charge details
DateLenderAmountStatus
18 Aug 2022The Hongkong and Shanghai Banking Corporation Limited₹2 CrOpen
01 Jul 2015Sbicap Trustee Company Limited₹64.95 CrSatisfied
06 Jul 2012Axis Trustee Services Limited₹707.77 CrSatisfied
28 Mar 2011Axis Bank Limited₹20 CrSatisfied
14 Apr 2010The Royal Bank of Scotland N.V.₹15.65 CrSatisfied

Total charge records: 7 View all charges

Employees and EPFO Compliance at Subex Limited

Subex Limited has a workforce of 820 employees as of Apr 03, 2024.

Employee count
820
Active EPFO establishments
1
Employee growth
-7.24%
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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.

GST Compliance of Subex Limited

Subex has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AABCS9255R1ZDKarnatakaActive01 Jul 2017
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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.

Credit Ratings, Litigation & Regulatory Alerts for Subex Limited

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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 Subex Limited

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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 Subex Limited

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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.

MCA Filings & Documents of Subex Limited

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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.

Recent Activity on Subex Limited

Directors
25 Mar 2026
Stephane Raymond Marie Le Letty was appointed as a Additional Director on 25 Mar 2026 & has been associated with this company since 6 months 14 days.
Directors
04 Jan 2026
Alok Ohrie was appointed as a Director on 04 Jan 2026 & has been associated with this company since 9 months 2 days.
Directors
25 Dec 2025
Venkata Erinti Narayana was appointed as a Director on 25 Dec 2025 & has been associated with this company since 9 months 12 days.
Activity
29 Sep 2025
Subex Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Subex Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Directors
18 Feb 2025
Ramu Akkili was appointed as a Company Secretary on 18 Feb 2025 & has been associated with this company since 1 year 7 months.

Recent News on Subex Limited

Frequently Asked Questions about Subex Limited

Subex is an active public 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 06 December 1994 (32+ years old) and is registered under CIN L85110KA1994PLC016663. Listed on BSE: 532348 and NSE: SUBEXLTD.

Subex reported revenue of ₹279.06 Cr for FY 2025-26 (down 2.3% YoY) based on consolidated financials.

Subex has 6 current directors:

The GSTIN of Subex is 29AABCS9255R1ZD, registered in Karnataka.

The CIN (Corporate Identification Number) of Subex is L85110KA1994PLC016663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Subex is listed on both BSE (code: 532348) and NSE (symbol: SUBEXLTD).

Subex has 68 court cases on record: 33 filed by the company and 35 filed against it. 7 are pending. Most are in the high courts.

Subex was incorporated on 06 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.

Subex can be reached through the website subex.com. Its registered office is in Bengaluru, Karnataka, India.

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