About Syntel Private Limited
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Syntel Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Syntel Llc (Formerly Known Syntel Inc). It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1992PTC066730. Its GSTIN is 27AAACS8305D1ZM (Maharashtra). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹59.05 Lakh. It was formerly known as Syntel Limited and Syntel (India) Limited. It is led by directors Neeluthodi Cheerakuzhi Ajith and Radhakrishnan Sreeram.
Its last annual general meeting (AGM) was held on 28 March 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No.112 Sdf IV Seepz Andheri (E), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2024, the company reported a revenue of ₹4,090 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹114 Cr (net margin 2.8%) and EBITDA of ₹523 Cr (EBITDA margin 12.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The company has about 15,601 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹68.86 Lakh and satisfied charges of ₹25 Cr on record. Court records list 82 cases involving the company, including 23 filed by the company and 59 filed against it; 15 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 syntelinc.com.
Name History
Syntel has undergone 4 name changes throughout its history. The current legal name is Syntel Private Limited.
| Company Name | Status |
|---|---|
| Syntel Private Limited | Current |
| Syntel Limited | Previous |
| Syntel (India) Limited | Previous |
| Syntel Software Private Limited | Previous |
| Syntel Software Limited | Previous |
CIN History
Syntel has one previous CIN (Corporate Identification Number): U72200MH1992PLC066730. The current CIN is U72200MH1992PTC066730, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH1992PTC066730 | Current |
| U72200MH1992PLC066730 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No.112 Sdf IV Seepz Andheri (E), Mumbai, Maharashtra, India – 400096
- IndustryInformation Technology, IT Consulting & Support Services
- 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
The main business activity of Syntel is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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
Financials of Syntel Private Limited
FY 2024 filings availableSyntel Private Limited reported revenue of ₹4,090 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 1% growth in the latest year. EBITDA fell 27% 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹523 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹114 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 12.8% | |
| Net Profit Margin | 2.8% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Syntel are in the company report.
: available in the company report
Board of Directors of Syntel Private Limited
Syntel has 2 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeluthodi Cheerakuzhi Ajith Also directs: Syntel International Private Limited, Syntel Software Private Limited, Anthelio Business Technologies Private Limited and 5 more | Additional Director | 21 May 2025 | 1 Years 5 Months | Current |
| Radhakrishnan Sreeram Also directs: Syntel International Private Limited, Syntel Software Private Limited, Anthelio Business Technologies Private Limited and 5 more | Additional Director | 01 Nov 2025 | 0 Years 11 Months | Current |
Peer Comparison
Syntel Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Birlasoft Limited Listed | ₹5,483.78 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Pune, Maharashtra, India |
| Fidelity Business Services India Private Limited | ₹4,718.51 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Us Technology International Private Limited | ₹4,352.01 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kulathoor, Kerala, India |
| Syntel Private Limited this company | ₹4,090 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Oracle Solution Services (India) Private Limited | ₹3,701.1 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bengaluru, Karnataka, India |
Peers are the companies nearest to Syntel by revenue, above and below it, in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Syntel 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 |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Dec 2024 | Jp Morgan Chase Bank, N.A. | ₹68.86 Lakh | Open |
| 26 Mar 2018 | Others | ₹25 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases
Syntel Private Limited has 82 court cases on record: 23 filed by Syntel, 59 filed against it. 15 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 51 | 41 | 4 |
| District courts | 30 | 17 | 11 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 82)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed against the company by M/S Capricorn Logistics Pvt Ltd., | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by M/S Capricorn Logistics Pvt Ltd., | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Novex Communications Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Novex Communications Pvt. Ltd. | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Day N Day Services Pvt Ltd | Disposed |
: available in 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
Syntel Private Limited has 6 MSME Form 1 returns on record between 2018 and 2020, listing 456 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Eapps Technologies | •••• | •••• | •••• |
| Stratosphere IT Services Private Limited | •••• | •••• | •••• |
| Blueberry IT Solutions Consulting LLP | •••• | •••• | •••• |
| Altezzasys Systems Private Limited | •••• | •••• | •••• |
| Maxglobal Techno Systems Private Limited | •••• | •••• | •••• |
: available in the company report
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
Syntel Private Limited has a workforce of 15,601 employees as of Mar 30, 2024.
: available in the company report
Group Structure
Syntel has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Visual Bi Solutions (India) Private Limited | U72200TN2011PTC080562 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity
Syntel Private Limited has 20 board changes on record since 2006: 4 appointments and 16 cessations. The latest: Radhakrishnan Sreeram was appointed as Additional Director on 01 Nov 2025.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Syntel has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS8305D1ZM | Maharashtra | Active | 01 Jul 2017 |
| 27AAACS8305D2ZL | Maharashtra | Active | 09 Jul 2017 |
| 06AAACS8305D1ZQ | Haryana | Active | 01 Jul 2017 |
| 33AAACS8305D1ZT | Tamil Nadu | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Syntel is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 May 1992 (34+ years old) and is registered under CIN U72200MH1992PTC066730.
Syntel has 2 current directors:
- Neeluthodi Cheerakuzhi Ajith - Additional Director
- Radhakrishnan Sreeram - Additional Director
The latest financial statements of Syntel on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Syntel is 27AAACS8305D1ZM, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACS8305D2ZL (Maharashtra), 06AAACS8305D1ZQ (Haryana), 33AAACS8305D1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Syntel is U72200MH1992PTC066730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syntel has 82 court cases on record: 23 filed by the company and 59 filed against it. 15 are pending. Most are in the high courts.
Syntel was incorporated on 12 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Syntel by revenue are Birlasoft Limited, Fidelity Business Services India Private Limited, Us Technology International Private Limited, Oracle Solution Services (India) Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Radhakrishnan Sreeram was appointed as Additional Director on 01 Nov 2025. Nasir Usman Shaikh was appointed as Additional Director on 21 May 2025. Neeluthodi Cheerakuzhi Ajith was appointed as Additional Director on 21 May 2025. Syntel has 20 board changes on record in total.
Syntel has 6 MSME Form 1 returns on record between 2018 and 2020, listing 456 overdue payments to 42 micro and small suppliers. The latest return was filed on 05 May 2020.
Syntel can be reached through the website syntelinc.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Syntel is at Unit No.112 Sdf IV Seepz Andheri E, Mumbai, Maharashtra, India – 400096.