About Terracis Digital Limited
Data last updated:
Terracis Digital Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Falcon Sg Holding Philippines Inc, Philippines. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 February 1993.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1993PLC070724. Its GSTIN is 27AAACD2042C1ZD (Maharashtra). The company holds 23 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹122 Cr and a paid-up capital of ₹11.22 Cr. It was formerly known as Il&Fs Technologies Limited and Dsp Technology and Trade Ltd. It is led by directors including Karthik Krishnan (Whole-Time Director) and Yoon Hee Jung.
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 5th Floor 5B Technopolis Knowledge Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹541.28 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹17.84 Cr (net margin 3.3%) and EBITDA of ₹305.54 Cr (EBITDA margin 56.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company has about 190 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: TerraCIS. As per MCA filings, the company has open charges of ₹189.52 Cr and satisfied charges of ₹1,359.59 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it. The company has 17 deals on record (11 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹237.9 Cr; the latest was in November 2021. Its 10 peer companies in the Information Technology industry (Application Development, Infrastructure Management), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Zycus Infotech Private Limited with revenue of ₹553.97 Cr. The company has 33 MSME Form 1 returns on record between 2017 and 2023, listing 134 overdue payments to 18 micro and small suppliers.
The last known website on record is terracistech.com.
Company details
Name history
Terracis Digital has undergone 3 name changes throughout its history. The company was previously known as Il&Fs Technologies Limited, Dsp Technology And Trade Ltd, and Infrastructure Technology And Trade India Limited. The current legal name is Terracis Digital Limited.
| Company Name | Status |
|---|---|
| Terracis Digital Limited | Current |
| Il&Fs Technologies Limited | Previous |
| Dsp Technology And Trade Ltd | Previous |
| Infrastructure Technology And Trade India Limited | Previous |
Contact details
Terracis Digital Limited's registered office is in Mumbai, Maharashtra. Its website is terracistech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor 5B Technopolis Knowledge Park Mahakali Caves Road, Nr Udyog Bhavan Chakala Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, Application Development & Software Solutions, IT Infrastructure Management & Services
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- 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
Terracis Digital operates one associated brand: TerraCIS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT suite solutions are provided, including software development and analytics. | terracistech.com |
Financials of Terracis Digital Limited
FY 2025 filings availableTerracis Digital Limited reported revenue of ₹541.28 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 3% fall in the latest year. EBITDA fell 4% 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 | ₹305.54 Cr | ||||
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| Net Profit (PAT) | ₹17.84 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.4% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Terracis Digital Limited, buy the company report.
Board of directors of Terracis Digital Limited
Terracis Digital has 5 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yoon Hee Jung | Director | 27 Apr 2022 | 4 Years 6 Months | As last reported |
| Karthik Krishnan Also directs: Terracis Citizenservice LLP, Sentraforge AI Limited, Terracis Technologies Limited and 1 more | Whole-Time Director | 23 Nov 2021 | 4 Years 11 Months | As last reported |
| Mei Mei Michelle Lee | Director | 23 Nov 2021 | 4 Years 11 Months | As last reported |
| Arjun Dosaj | Director | 26 Nov 2021 | 4 Years 11 Months | As last reported |
| Mohit Also directs: Utsuk Consulting Solutions Private Limited | Additional Director | 26 Mar 2025 | 1 Years 7 Months | As last reported |
Peer comparison
Terracis Digital Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Application Development, Infrastructure Management), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zycus Infotech Private Limited | ₹553.97 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Renishaw Metrology Systems Limited | ₹549.87 Cr (FY 2025) | 5.0% | Pune, Maharashtra, India | |||
| Mcafee Software (India) Private Limited | ₹549.6 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Altair Engineering India Private Limited | ₹547.99 Cr (FY 2024) | 9.0% | Bengaluru, Karnataka, India | |||
| Cargoes Technology (India) Private Limited | ₹547.93 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Terracis Digital Limitedthis company | ₹541.28 Cr (FY 2025) | ₹17.84 Cr | 3.3% | -3.0% | 190 | Mumbai, Maharashtra, India |
| Thales Dis Technology India Private Limited | ₹538.57 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Targus Technologies Private Limited | ₹525.95 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Proactive Data Systems Private Limited | ₹511.96 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Worldpay India Private Limited | ₹496.28 Cr (FY 2025) | 159.0% | Delhi, India | |||
| Medline Industries India Private Limited | ₹496.15 Cr (FY 2025) | 22.0% | Pune, Maharashtra, India |
To see the full peer comparison of Terracis Digital Limited, buy the company report.
Auditor
Terracis Digital Limited is audited by Bashetty & Joshi for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bashetty & Joshi | FY 2023 | 013299S |
Shareholding
The shareholding of Terracis Digital 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 Terracis Digital Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2023 | 100794740 | Others | ₹36 Cr | Satisfied | |
| 03 May 2018 | 100179260 | Others | ₹7.19 Cr | Satisfied | |
| 03 May 2018 | 100179265 | Others | ₹7.19 Cr | Satisfied | |
| 06 Feb 2018 | 100157337 | State Bank of India | ₹60 Cr | Satisfied | |
| 30 May 2016 | 100030307 | Others | ₹50 Cr | Satisfied |
To see the full charge records of Terracis Digital Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Terracis Digital Limited has 17 deals on record (11 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹237.9 Cr; the latest was in November 2021.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Acquisition | Undisclosed | Buyer: Falcon SG Holdings, (Philippines) Inc Seller: IL&FS Group |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Rewarding Associates LLP Seller: Rewarding Associates Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Rewarding Associates Private Limited , 3 individuals Seller: Others- Il&Fs Technologies Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Others- Il&Fs Technologies Limited Seller: Rewarding Associates Private Limited , 3 individuals |
| May 2007 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Others- Il&Fs Technologies Limited, 3 individuals |
To see the full deal history of Terracis Digital 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
Terracis Digital Limited has 12 court cases on record: 5 filed by Terracis Digital, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 0 |
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Company petition | Filed by the company | Disposed |
| Supreme Court | Court case (1818-Ordinary Civil Matters : Appeals u/s 53 T of The Competition Act, 2002) | Filed against the company by Reprographics India New Delhi 604, Siddhartha Building 96, Nehru Place, New Delhi - 110019 Through SH. A.K. Ganjoo, Authorised Signatory , , Delhi | Disposed |
| High Court of Orissa | Writ petition | Filed against the company | Disposed |
| District court, Kamrup Metro, Assam | Interim or miscellaneous application | Filed against the company by M/S Ultimate Technofusion (Utf) | Disposed |
To see the full case history of Terracis Digital 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.
Credit ratings & regulatory alerts
Terracis Digital Limited was last rated by Care on 09 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Jul 2026 |
To see the full credit ratings and regulatory alerts of Terracis Digital Limited, buy the company report.
MSME payment delays
Terracis Digital Limited has 33 MSME Form 1 returns on record between 2017 and 2023, listing 134 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Switching Avo Electro Power Limited | |||
| Niveshan Technologies India Private Limited | |||
| Weartech Engineers Private Limited | |||
| Devharsh Infotech Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Terracis Digital Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Terracis Digital 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 |
|---|---|---|
| Bhopal E-Governance Limited | U72200HR2013PLC048356 | |
| Livia India Limited | U72900MH2009PLC191389 |
To see the full group structure of Terracis Digital Limited, buy the company report.
Employees & EPFO
Terracis Digital Limited has a workforce of 190 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Terracis Digital has 23 GST registrations: 7 active and 16 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD2042C1ZD | Maharashtra | Active | 01 Jul 2017 |
| 06AAACD2042C1ZH | Haryana | Active | 01 Jul 2017 |
| 07AAACD2042C3ZD | Delhi | Active | 01 Jul 2017 |
| 19AAACD2042C1ZA | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Terracis Digital Limited, buy the company report.
Recent activity
Terracis Digital Limited has 31 board changes on record since 2007: 5 appointments and 26 cessations. The latest: Mohit was appointed as Additional Director on 26 Mar 2025.
86 earlier events are in the company report.
News
Frequently asked questions
Terracis Digital is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Terracis Digital is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 February 1993 and is registered under CIN U74999MH1993PLC070724. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Terracis Digital has 5 current directors:
- Karthik Krishnan - Whole-Time Director
- Yoon Hee Jung - Director
- Mei Mei Michelle Lee - Director
- Arjun Dosaj - Director
- Mohit - Additional Director
The latest financial statements of Terracis Digital on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Terracis Digital is U74999MH1993PLC070724. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Terracis Digital has open charges of ₹189.52 Cr and satisfied charges of ₹1,359.59 Cr as per latest MCA filings.
Terracis Digital has 12 court cases on record: 5 filed by the company and 7 filed against it. Most are in the district courts.
Terracis Digital was incorporated on 09 February 1993. It is registered with the Registrar of Companies, Mumbai.
Terracis Digital has 17 deals on record (11 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹237.9 Cr; the latest was in November 2021.
The peers of Terracis Digital by revenue are Zycus Infotech Private Limited, Renishaw Metrology Systems Limited, Mcafee Software (India) Private Limited, Altair Engineering India Private Limited, Cargoes Technology (India) Private Limited and 5 more, all in the Information Technology industry (Application Development, Infrastructure Management), with the same principal business activity (computer programming, consultancy and related activities).
Mohit was appointed as Additional Director on 26 Mar 2025. Chandan Kumar ceased to be CFO on 03 Jan 2025. Arvind Sadashiv Mokashi ceased to be Director on 28 Dec 2024. Terracis Digital has 31 board changes on record in total.
Terracis Digital has 33 MSME Form 1 returns on record between 2017 and 2023, listing 134 overdue payments to 18 micro and small suppliers. The latest return was filed on 12 Feb 2024.
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