About Transworld Systems India Private Limited
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Transworld Systems India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Transworld Systems Inc.. It operates in the business support services segment of the business services sector. It was incorporated on 15 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC109552. Its GSTIN is 29AAJCP6385P1ZB (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.88 Cr. It was formerly known as Altisource Financial Solutions Private Limited and Polyplay Solutions Private Limited. It is led by directors including Subramanian Ananda Sendhil (Whole-Time Director) and Joel Worden Petersen.
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, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.56 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹16.16 Cr (net margin 8.8%) and EBITDA of ₹46.3 Cr (EBITDA margin 25.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
The company has about 2,042 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Transworld Systems. As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in July 2019. The company has 5 MSME Form 1 returns on record between 2020 and 2023, listing 118 overdue payments to 36 micro and small suppliers.
For more details, the company can be reached via its website tsico.com.
Company details
Name history
Transworld Systems India has undergone 2 name changes throughout its history. The company was previously known as Altisource Financial Solutions Private Limited, and Polyplay Solutions Private Limited. The current legal name is Transworld Systems India Private Limited.
| Company Name | Status |
|---|---|
| Transworld Systems India Private Limited | Current |
| Altisource Financial Solutions Private Limited | Previous |
| Polyplay Solutions Private Limited | Previous |
Contact details
Transworld Systems India Private Limited's registered office is in Bangalore, Karnataka. Its website is tsico.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPritech Park Block No. 12 3rd Floor B Wing Bellandur Village Sarjapur Marathahalli, Ring Road, Bangalore, Karnataka, India – 560103
- IndustryBusiness Services, Business Support Services
To see the full contact details of Transworld Systems India Private Limited, buy the company report.
- 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
Transworld Systems India operates one associated brand: Transworld Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Accounts receivable management, customer care, and loan servicing are provided. | tsico.com |
Business activity
The main business activity of Transworld Systems India is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Transworld Systems India Private Limited, buy the company report.
Financials of Transworld Systems India Private Limited
FY 2025 filings availableTransworld Systems India Private Limited reported revenue of ₹183.56 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 1% growth in the latest year. EBITDA rose 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 | ₹46.3 Cr | ||||
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| Net Profit (PAT) | ₹16.16 Cr | ||||
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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 | 25.2% | ||||
| Net Profit Margin | 8.8% | ||||
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To see the full financial statements and ratios of Transworld Systems India Private Limited, buy the company report.
Board of directors of Transworld Systems India Private Limited
Transworld Systems India has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Ananda Sendhil Also directs: True North Ar India Private Limited | Whole-Time Director | 03 Aug 2023 | 3 Years 2 Months | Current |
| Joel Worden Petersen Also directs: True North Ar India Private Limited | Director | 28 Sep 2023 | 3 Years 0 Months | Current |
| Joseph Edward Laughlin Also directs: True North Ar India Private Limited | Director | 25 Sep 2019 | 7 Years 0 Months | Current |
| Patrick Lee Wolf Also directs: True North Ar India Private Limited | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
Auditor
Transworld Systems India Private Limited is audited by V K A N & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K A N & Associates | FY 2023 | 014226S |
Shareholding
The shareholding of Transworld Systems India Private 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 Transworld Systems India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2019 | 100271596 | Others | ₹1 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Transworld Systems India Private Limited has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in July 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Transworld Systems Inc & Nationwide Credit Inc, Transworld Systems Inc Seller: Altisource Asia Holdings Limiited & Somnath Mitra, Ocwen Asia Holdings Limited |
| May 2019 | Rights issue | ₹41.48 Cr | Investors: Ocwen Asia Holdings Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Altisource Asia Holdings Limiited & Somnath Mitra, Ocwen Asia Holdings Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Transworld Systems India Private Limited has 2 court cases on record: 1 filed by Transworld Systems India, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Union of India and 1 other | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Transworld Systems 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
Transworld Systems India Private Limited has 5 MSME Form 1 returns on record between 2020 and 2023, listing 118 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 |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Washroom Hygiene Concepts Private Limited | |||
| Verifacts Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Transworld Systems India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Transworld Systems India Private Limited has a workforce of 2,042 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Transworld Systems India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCP6385P1ZB | Karnataka | Active | 13 May 2019 |
| 27AAJCP6385P1ZF | Maharashtra | Active | 29 May 2019 |
| 27AAJCP6385P2ZE | Maharashtra | Active | 24 Mar 2025 |
To see the full GST registrations and return filing status of Transworld Systems India Private Limited, buy the company report.
Recent activity
Transworld Systems India Private Limited has 19 board changes on record since 2018: 4 appointments and 15 cessations. The latest: Patrick Lee Wolf ceased to be Additional Director on 29 Sep 2024.
11 earlier events are in the company report.
News
Frequently asked questions
Transworld Systems India is an active private limited company based in Bangalore, Karnataka, India. The company works in business support services, within the business services industry. It was incorporated on 15 January 2018 (8+ years old) and is registered under CIN U72900KA2018PTC109552.
Transworld Systems India has 4 current directors:
- Subramanian Ananda Sendhil - Whole-Time Director
- Joel Worden Petersen - Director
- Joseph Edward Laughlin - Director
- Patrick Lee Wolf - Director
The latest financial statements of Transworld Systems India 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 FY 2018 are in the company report.
The GSTIN of Transworld Systems India is 29AAJCP6385P1ZB, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAJCP6385P1ZF (Maharashtra), 27AAJCP6385P2ZE (Maharashtra).
The CIN (Corporate Identification Number) of Transworld Systems India is U72900KA2018PTC109552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Transworld Systems India has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Transworld Systems India was incorporated on 15 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Transworld Systems India has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in July 2019.
Patrick Lee Wolf ceased to be Additional Director on 29 Sep 2024. Patrick Lee Wolf was appointed as Director on 26 Mar 2024. Joel Worden Petersen was appointed as Director on 28 Sep 2023. Transworld Systems India has 19 board changes on record in total.
Transworld Systems India has 5 MSME Form 1 returns on record between 2020 and 2023, listing 118 overdue payments to 36 micro and small suppliers. The latest return was filed on 23 Oct 2023.
Transworld Systems India can be reached through the website tsico.com. Its registered office is in Bangalore, Karnataka, India.