About Ul India Private Limited
Data last updated:
Ul India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ul International Singapore Private Limited. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 19 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74200KA1997PTC023189. Its GSTIN is 29AAACU2468F1Z8 (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹28 Cr. It is led by directors Suresh Sugavanam (Whole-Time Director) and Prosenjit Roy.
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 3rd Floor Kalyani Platina Block 1 No. 24 Epip Zone Phase II Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2025, the company reported a revenue of ₹407.7 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹89.7 Cr (net margin 22%) and EBITDA of ₹119.4 Cr (EBITDA margin 29.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 16% over five years.
The company has about 487 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 9 deals on record (3 funding rounds, 3 rights issues, 3 secondary share transfers), with disclosed funding of ₹30.5 Cr; the latest was in March 2024. Its 10 peer companies in the Consumer Services industry (Professional Services) are compared by revenue, 5 larger and 5 smaller; the largest is Vantive Healthcare Technologies Private Limited with revenue of ₹434.16 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 64 overdue payments to 31 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 india.ul.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3rd Floor Kalyani Platina Block 1 No. 24 Epip Zone Phase II Whitefield, Bangalore, Karnataka, India – 560066
- IndustryTravel and Hospitality, Consumer Professional 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 of Ul India Private Limited
The main business activity of Ul India 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
Verified entity values are shown only after access is granted.
Financials of Ul India Private Limited FY 2024 filings available
Ul India Private Limited reported revenue of ₹407.7 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ul India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 45% growth in the latest year. EBITDA rose 366% 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 of Ul India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹119.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹89.7 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 of Ul India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 22% | •••• | •••• | •••• | •••• |
| 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 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 Ul India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ul India Private Limited
Ul India Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vantive Healthcare Technologies Private Limited | ₹434.16 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| South Indian Cardamom Online Auction Private Limited | ₹420.68 Cr (FY 2025) | •••• | •••• | 884.0% | •••• | Pampupara, Kerala, India |
| Tuv India P Ltd | ₹419.53 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Ridhi Sidhi Housing Private Limited | ₹418.07 Cr (FY 2024) | •••• | •••• | 207.0% | •••• | Jaipur, Rajasthan, India |
| Karvy Computershare Private Limited | ₹415.16 Cr (FY 2018) | •••• | •••• | 12.0% | •••• | Telangana, India |
| Ul India Private Limited this company | ₹407.7 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
| Header Systems India Limited | ₹404.76 Cr (FY 2024) | •••• | •••• | 46.0% | •••• | Vandanmedu, Kerala, India |
| Bureau Veritas Consumer Products Services (India) Private Limited | ₹401.25 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Vasundhra Enclave, Delhi, India |
| Cotecna Inspection India Private Limited | ₹399.44 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Worldquant Research (India) Private Limited | ₹397.16 Cr (FY 2025) | •••• | •••• | 109.0% | •••• | Mumbai, Maharashtra, India |
| Eleganz Interiors Limited | ₹394.71 Cr (FY 2025) | •••• | •••• | 77.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ul India by revenue in the Consumer Services industry (Professional Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ul India Private Limited
Ul India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ul India Private Limited
Ul India has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prosenjit Roy Also directs: Ul Business Services India LLP | Director | 09 Sep 2017 | 9 Years 1 Months | Current |
| Suresh Sugavanam Also directs: Ul Business Services India LLP | Whole-Time Director | 26 Nov 2013 | 12 Years 10 Months | Current |
Ownership and Shareholding of Ul India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ul India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Oct 2019 | Standard Chartered Bank | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Ul India Private Limited
Ul India Private Limited has 9 deals on record (3 funding rounds, 3 rights issues, 3 secondary share transfers), with disclosed funding of ₹30.5 Cr; the latest was in March 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹112 Cr | Investors: Ul International Singapore Pte Limited |
| Jan 2017 | Rights issue | ₹61.57 Cr | Investors: Ul International Singapore Pte Limited |
| Nov 2014 | Rights issue | ₹4.49 Cr | Investors: Ul International Singapore Pte Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Ul International Singapore Pte Limited Seller: UL Internationla LLC |
| Dec 2013 | Funding round | ₹16.4 Cr | Investors: UL Internationla LLC |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ul India Private Limited
Ul India Private Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Tax appeal | Filed against the company by Principal Commissioner of Income Tax 2 | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ul India Private Limited
Ul India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 64 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sigma Byte Computers Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Asg the Travel India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 at Ul India Private Limited
Ul India Private Limited has a workforce of 487 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ul India Private Limited
Ul India Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Sajeev Jesudas ceased to be Director on 01 Jul 2022.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ul India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ul India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ul India Private Limited
Ul India has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACU2468F1Z8 | Karnataka | Active | 01 Jul 2017 |
| 06AAACU2468F1ZG | Haryana | Active | 01 Jul 2017 |
| 27AAACU2468F1ZC | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ul India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ul India Private Limited
Ul India is an active private limited company based in Bangalore, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 19 December 1997 (29+ years old) and is registered under CIN U74200KA1997PTC023189.
Ul India reported revenue of ₹407.7 Cr for FY 2025 (up 45% YoY).
Ul India has 2 current directors:
- Suresh Sugavanam - Whole-Time Director
- Prosenjit Roy - Director
Ul India reported a net profit of ₹89.7 Cr (net margin 22%) and EBITDA of ₹119.4 Cr (EBITDA margin 29.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ul India is 22% over three years and 16% over five years. In the latest year (FY 2025) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ul India is 29AAACU2468F1Z8, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACU2468F1ZG (Haryana), 27AAACU2468F1ZC (Maharashtra).
The CIN (Corporate Identification Number) of Ul India is U74200KA1997PTC023189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ul India has 1 court case on record: 1 filed against it. 1 is pending.
Ul India was incorporated on 19 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Ul India has 9 deals on record (3 funding rounds, 3 rights issues, 3 secondary share transfers), with disclosed funding of ₹30.5 Cr; the latest was in March 2024.
The peers of Ul India by revenue are Vantive Healthcare Technologies Private Limited, South Indian Cardamom Online Auction Private Limited, Tuv India P Ltd, Ridhi Sidhi Housing Private Limited, Karvy Computershare Private Limited and 5 more, all in the Consumer Services industry (Professional Services).
Sajeev Jesudas ceased to be Director on 01 Jul 2022. Prosenjit Roy ceased to be Additional Director on 28 Sep 2017. Michael Alan Saltzman ceased to be Director on 27 Sep 2017. Ul India has 10 board changes on record in total.