About Tricon Infotech Private Limited
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Tricon Infotech Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1997PTC021771. Its GSTIN is 29AAACT5424G1ZD (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.18 Cr. It is led by directors including Rajeeva Kumar Parasar and Prashant Ramesh Naik.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.143 And 144 Hosur Main Road Industrial Layout Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2025, the company reported a revenue of ₹201.55 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹15.26 Cr (net margin 7.6%) and EBITDA of ₹22.01 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 24% over five years.
The company has about 379 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: PayWheel and Tricon Infotech. Court records list 1 case involving the company, including 1 filed against it. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹98.8 Lakh; the latest was in January 2022. Its 6 peer companies in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 3 smaller; the largest is E-Zest Solutions Limited with revenue of ₹203.97 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website triconinfotech.com.
Company details
Contact details
Tricon Infotech Private Limited's registered office is in Bangalore, Karnataka. Its website is triconinfotech.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo.143 And 144 Hosur Main Road Industrial Layout Koramangala, Bangalore, Karnataka, India – 560095
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Tricon Infotech 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
Tricon Infotech operates two associated brands: PayWheel and Tricon Infotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Automates payroll, attendance, leave, and HR tasks for efficient workforce management. | paywheel.com | |
| Offers strategy, validation, AI, and product engineering services to businesses. | triconinfotech.com |
Business activity
The main business activity of Tricon Infotech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Tricon Infotech Private Limited, buy the company report.
Financials of Tricon Infotech Private Limited
FY 2025 filings availableTricon Infotech Private Limited reported revenue of ₹201.55 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 11% growth in the latest year. EBITDA fell 60% 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 | ₹22.01 Cr | ||||
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| Net Profit (PAT) | ₹15.26 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | 7.6% | ||||
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To see the full financial statements and ratios of Tricon Infotech Private Limited, buy the company report.
Board of directors of Tricon Infotech Private Limited
Tricon Infotech has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeeva Kumar Parasar Also directs: Tricon Infotech Software Services LLP, Dgenx Technologies LLP | Director | 17 Feb 1997 | 29 Years 8 Months | Current |
| Prashant Ramesh Naik Also directs: Tricon Infotech Software Services LLP | Director | 01 Jan 2004 | 22 Years 9 Months | Current |
| Arpana Parasar Also directs: Tricon Infotech Software Services LLP, Dgenx Technologies LLP | Director | 01 Jan 2004 | 22 Years 9 Months | Current |
Peer comparison
Tricon Infotech Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and Services), 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 |
|---|---|---|---|---|---|---|
| E-Zest Solutions Limited | ₹203.97 Cr (FY 2021) | 23.0% | Pune, Maharashtra, India | |||
| Biz Secure Labs Private Limited | ₹203.39 Cr (FY 2024) | 117.0% | Pune, Maharashtra, India | |||
| Xchanging Solutions Limited | ₹201.91 Cr (FY 2025) | 3.0% | Bangalore, Karnataka, India | |||
| Tricon Infotech Private Limitedthis company | ₹201.55 Cr (FY 2025) | ₹15.26 Cr | 7.6% | 11.0% | 379 | Bangalore, Karnataka, India |
| Agreeya Solutions (India) Private Limited | ₹201.24 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Srijan Technologies Private Limited | ₹200.98 Cr (FY 2024) | 7.0% | New Delhi, Delhi, India | |||
| CSM Technologies Limited | ₹200.63 Cr (FY 2025) | 1.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Tricon Infotech Private Limited, buy the company report.
Auditor
Tricon Infotech Private Limited is audited by M S S V & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S S V & CO | FY 2023 | 001987S |
Shareholding
The shareholding of Tricon Infotech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Tricon Infotech Private Limited, buy the company report.
Deals & funding
Tricon Infotech Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹98.8 Lakh; the latest was in January 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2010 | Funding round | ₹13.8 Lakh | Investors: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2008 | Secondary share transfer | Undisclosed | Seller: an individual |
To see the full deal history of Tricon Infotech Private 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
Tricon Infotech Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Tricon Infotech 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
No delayed payments to MSME suppliers are on our record for Tricon Infotech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tricon Infotech Private Limited has a workforce of 379 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Tricon Infotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT5424G1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tricon Infotech Private Limited, buy the company report.
Recent activity
Tricon Infotech Private Limited has 5 board changes on record since 1997: 4 appointments and 1 cessation. The latest: Kapil Bhalla ceased to be Director on 01 Jan 2011.
Frequently asked questions
Tricon Infotech is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 February 1997 (29+ years old) and is registered under CIN U72200KA1997PTC021771.
Tricon Infotech has 3 current directors:
- Rajeeva Kumar Parasar - Director
- Prashant Ramesh Naik - Director
- Arpana Parasar - Director
The latest financial statements of Tricon Infotech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tricon Infotech is 29AAACT5424G1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Tricon Infotech is U72200KA1997PTC021771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tricon Infotech has 1 court case on record: 1 filed against it.
Tricon Infotech was incorporated on 07 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Tricon Infotech has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹98.8 Lakh; the latest was in January 2022.
The peers of Tricon Infotech by revenue are E-Zest Solutions Limited, Biz Secure Labs Private Limited, Xchanging Solutions Limited, Agreeya Solutions (India) Private Limited, Srijan Technologies Private Limited and 1 more, all in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Kapil Bhalla ceased to be Director on 01 Jan 2011. Kapil Bhalla was appointed as Director on 01 Jun 2007. Arpana Parasar was appointed as Director on 01 Jan 2004. Tricon Infotech has 5 board changes on record in total.
Tricon Infotech can be reached through the website triconinfotech.com. Its registered office is in Bangalore, Karnataka, India.