About Syntel Services Private Limited
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Syntel Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Syntel Holding (Mauritius) Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2005PTC153288. Its GSTIN is 27AAJCS0010Q2Z7 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹29.69 Lakh. It was formerly known as Syntel Sterling Bestshores Solutions Private Limited. It is led by directors Umar Ali Shaikh and Narinder Kumar Arora.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹68.69 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹29.92 Cr (net margin 43.6%) and EBITDA of ₹40.19 Cr (EBITDA margin 58.5%). Revenue has grown at a compounded annual rate (CAGR) of 310% over three years and 110% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 12 cases involving the company, including 8 filed by the company and 4 filed against it; 3 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 1402 Supremus E Wing, I Think Techno Campus Kanjurmarg (East), Mumbai, Maharashtra, India – 400042
- 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 Services 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 Services Private Limited
FY 2024 filings availableSyntel Services Private Limited reported revenue of ₹68.69 Cr (up 1174% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 110% over five years. 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 | ₹40.19 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹29.92 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 | 58.5% | |
| Net Profit Margin | 43.6% | |
| 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 Services are in the company report.
: available in the company report
Board of Directors of Syntel Services Private Limited
Syntel Services 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 |
|---|---|---|---|---|
| Umar Ali Shaikh | Additional Director | 23 Jul 2025 | 1 Years 2 Months | Current |
| Narinder Kumar Arora | Additional Director | 01 Dec 2025 | 0 Years 10 Months | Current |
Auditor Details
Syntel 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 |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Syntel Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Syntel Services Private Limited has 12 court cases on record: 8 filed by Syntel Services, 4 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 2 |
| High courts | 3 | 3 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Knight Frank Property Services Pvt. Ltd. | Disposed |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 3 Mumbai | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed by the company against M/S Effective Teleservices Pvt Ltd and 6 others | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 3 Mumbai | 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 Services Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| L K Nakashe Consultants 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 Services Private Limited has a workforce of 1 employees as of Apr 07, 2024.
: available in the company report
Recent Activity
Syntel Services Private Limited has 20 board changes on record since 2009: 6 appointments and 14 cessations. The latest: Narinder Kumar Arora was appointed as Additional Director on 01 Dec 2025.
11 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 Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCS0010Q2Z7 | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Syntel Services 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 13 May 2005 (21+ years old) and is registered under CIN U72900MH2005PTC153288.
Syntel Services has 2 current directors:
- Umar Ali Shaikh - Additional Director
- Narinder Kumar Arora - Additional Director
The latest financial statements of Syntel Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Syntel Services is 27AAJCS0010Q2Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Syntel Services is U72900MH2005PTC153288. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syntel Services has 12 court cases on record: 8 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Syntel Services was incorporated on 13 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Narinder Kumar Arora was appointed as Additional Director on 01 Dec 2025. Umar Ali Shaikh was appointed as Additional Director on 23 Jul 2025. Mini Sony Kochupurakal was appointed as Additional Director on 20 Jan 2025. Syntel Services has 20 board changes on record in total.
Syntel Services has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Oct 2020.
Syntel Services can be reached through the website syntelinc.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Syntel Services is at Unit No. 1402 Supremus E Wing, I Think Techno Campus Kanjurmarg East, Mumbai, Maharashtra, India – 400042.