Fortune MNC 500 India 2026 edition
Rank#439- Total income
- ₹461 Cr
- Profit
- ₹44 Cr
Last year #445
Thales India Private Limited - business outsourcing in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹301.93 Cr
▲ 6% YoY
Net profit · FY 2022
₹9.6 Cr
Net margin 3.2%
EBITDA · FY 2022
₹11.01 Cr
EBITDA margin 3.6%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹2.55 Cr
Issued & subscribed
Satisfied charges
₹1.29 Cr
No open charges
Company age
23 yrs
Est. 2003
Employees · EPFO
544
Provident fund records
About Thales India Private Limited
Data last updated:
Thales India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Thales Nsea Pte Ltd. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 28 July 2003 and has been in existence for over 23 years.
Thales India is ranked #439 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2003PTC121501.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹2.55 Cr. It was formerly known as Thales International (India) Private Limited. It is led by directors including Herve Loubignac (Whole-Time Director) and Guillaume Gilles Marie Richard.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Unit No. Dsc 143 Ground Floor South Court DLF Saket, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2022, the company reported a revenue of ₹301.93 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹9.6 Cr (net margin 3.2%) and EBITDA of ₹11.01 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 544 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thales Group. As per MCA filings, the company has satisfied charges of ₹1.29 Cr on record. Court records list 12 cases involving the company, including 9 filed by the company and 4 filed against it; 3 cases are pending. The company has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹20 Lakh; the latest was in August 2018. The company has 49 MSME Form 1 returns on record between 2016 and 2024, listing 755 overdue payments to 36 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thalesgroup.com.
Company details
CIN U74140DL2003PTC121501
Registration Number 121501
Incorporation Date 28 July 2003
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 December 2024
Parent Company Thales Nsea Pte Ltd
Compliance Status Active Compliant
Key People
Herve Loubignac Whole-Time Director Guillaume Gilles Marie Richard Director Alexis Francois Roland Dalem Director Recognitions & Rankings of Thales India
Contact details
Thales India Private Limited's registered office is in New Delhi, Delhi. Its website is thalesgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. Dsc 143 Ground Floor South Court DLF Saket, New Delhi, Delhi, India – 110017
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Thales India Private Limited, buy the company report.
Comprehensive company report
Thales India Private Limited - one report that includes everything
- 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
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Brands
Thales India operates one associated brand: Thales Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based software suites are developed for navigation applications. | thalesgroup.com |
Financials of Thales India Private Limited
FY 2024 filings availableThales India Private Limited reported revenue of ₹301.93 Cr (up 6% YoY) for FY 2022.
Revenue · FY 2022
₹301.93 Cr ▲ 6%
Net profit · FY 2022
₹9.6 Cr margin 3.2%
EBITDA · FY 2022
₹11.01 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 1%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 83%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 6% growth in the latest year. EBITDA fell 38% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹301.93 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.6 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Thales India Private Limited, buy the company report.
Board of directors of Thales India Private Limited
Thales India has 5 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Herve Loubignac Also directs: Thales Bharat Advanced Technologies Private Limited | Whole-Time Director | 29 Mar 2023 | 3 Years 6 Months | Current |
| Guillaume Gilles Marie Richard | Director | 28 Jan 2020 | 6 Years 8 Months | Current |
| Alexis Francois Roland Dalem Also directs: Thales Reliance Defence Systems Limited | Director | 11 Dec 2023 | 2 Years 10 Months | Current |
| Budin Jean Marc | Director | 13 Jun 2013 | 13 Years 4 Months | Current |
| Ankur Deepak Kanaglekar Also directs: Bel-Thales Systems Limited, Thales Dis CPL India Private Limited, Guavus Network Systems Private Limited and 5 more | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Thales India Private Limited is audited by S.N. Dhawan & Co. Llp for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & Co. Llp | FY 2022 | 000050N/N500045 |
Shareholding
The shareholding of Thales India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thales India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.29 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2019 | 100287900 | Others | ₹3.65 Lakh | Satisfied | |
| 11 Dec 2015 | 10611242 | Bnp Paribas | ₹1.25 Cr | Satisfied |
To see the full charge records of Thales India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Thales India Private Limited has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹20 Lakh; the latest was in August 2018.
Total deals
5
Rights issues
2
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹20 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Rights issue | ₹21.31 Cr | Investors: Thales Nsea Pte Limited |
| May 2018 | Rights issue | ₹70,000 | Investors: Thales Nsea Pte Limited |
| Nov 2009 | Funding round | ₹10 Lakh | Investors: Thales Nsea Pte Limited |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: Thales Hong Kong Ltd Seller: Thales International Asia HongKong Limited |
| Jul 2008 | Funding round | ₹10 Lakh | Investors: Thales Nsea Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Thales India Private Limited has 12 court cases on record: 9 filed by Thales India, 4 filed against it. 3 cases are pending and 9 are disposed.
Total cases
12
Filed by the company
9
Filed against the company
4
Pending
3
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 2 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Revision petition | Filed against the company by M/S Thales India Pvt Ltd and 1 other | Pending |
| High Court, HARYANA | Revision petition | Filed by the company against M/S Thales India Pvt Ltd and 1 other | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Ci Infotech Pvt. Ltd. | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Commissioner of CGST & Anr. | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Thales 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
Thales India Private Limited has 49 MSME Form 1 returns on record between 2016 and 2024, listing 755 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vectrae Infotech Private Limited | |||
| an individual supplier | |||
| Benir E Store Solutions Private Limited | |||
| Pulse E Technologies Private Limited | |||
| Talent Maximus India Private Limited |
To see the full MSME payment records of Thales India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Thales India has 1 joint venture and 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Joint ventures
2
Associated companies
Employees & EPFO
Thales India Private Limited has a workforce of 544 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
544
Active EPFO establishments
1
Employee growth
13.57%
GST
No GST registration is on our record for Thales India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Thales India Private Limited has 33 board changes on record since 2008: 6 appointments and 27 cessations. The latest: Ankur Deepak Kanaglekar was appointed as Additional Director on 14 Nov 2025.
Appointed
Ankur Deepak Kanaglekar was appointed as Additional Director.
AGM
Thales India Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Filing
Thales India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Delhi.
Ceased
Gilles Antoine Gaston Bono ceased to be Additional Director.
Appointed
Gilles Antoine Gaston Bono was appointed as Whole-Time Director.
Ceased
Alexis Francois Roland Dalem ceased to be Additional Director.
Appointed
Alexis Francois Roland Dalem was appointed as Director.
Appointed
Herve Loubignac was appointed as Whole-Time Director.
Ceased
Herve Loubignac ceased to be Additional Director.
Charges
A charge registered on 05 Sep 2019 via Charge ID 100287900 with Others was fully satisfied on 22 Sep 2022.
Ceased
Ashish Arun Saraf ceased to be Additional Director.
Ceased
Guillaume Gilles Marie Richard ceased to be Additional Director.
29 earlier events are in the company report.
News
Frequently asked questions
Thales India is an active private limited company based in New Delhi, Delhi, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 28 July 2003 (23+ years old) and is registered under CIN U74140DL2003PTC121501.
Thales India has 5 current directors:
- Herve Loubignac - Whole-Time Director
- Guillaume Gilles Marie Richard - Director
- Alexis Francois Roland Dalem - Director
- Budin Jean Marc - Director
- Ankur Deepak Kanaglekar - Additional Director
The latest financial statements of Thales India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Thales India is U74140DL2003PTC121501. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thales India has 12 court cases on record: 9 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Thales India was incorporated on 28 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
Thales India has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹20 Lakh; the latest was in August 2018.
Ankur Deepak Kanaglekar was appointed as Additional Director on 14 Nov 2025. Gilles Antoine Gaston Bono ceased to be Additional Director on 19 Dec 2024. Gilles Antoine Gaston Bono was appointed as Whole-Time Director on 13 Dec 2024. Thales India has 33 board changes on record in total.
Thales India has 49 MSME Form 1 returns on record between 2016 and 2024, listing 755 overdue payments to 36 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Thales India can be reached through the website thalesgroup.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Thales India is at Unit No. Dsc 143 Ground Floor South Court DLF Saket, New Delhi, Delhi, India – 110017.