About Verifone India Technology Private Limited
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Verifone India Technology Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Verifone Singapore Pte Ltd. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005PTC038023. Its GSTIN is 29AACCV1683K1ZV (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.6 Cr. It is led by directors Ramanadha Sriram Natarajan Rishinadhamangalam and Daivik Param.
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 2nd Floor West Tower Gold Hill Supreme Software Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹207.12 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹26.01 Cr (net margin 12.6%) and EBITDA of ₹38.91 Cr (EBITDA margin 18.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
The company has about 633 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Verifone. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2006. Its 6 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 4 smaller; the largest is Ribbon Communication Private Limited with revenue of ₹211.06 Cr. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 417 overdue payments to 20 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 verifone.com.
Company details
Contact details
Verifone India Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is verifone.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor West Tower Gold Hill Supreme Software Park, Plot # 21 22 27 & 28 Sy No. 40 41 & 42 Electronic City Phase – 2, Bangalore, Karnataka, India – 560100
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Verifone India Technology 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
Verifone India Technology operates one associated brand: Verifone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Omni-channel payments solutions are provided for businesses worldwide. | verifone.com |
Business activity
The main business activity of Verifone India Technology 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 Verifone India Technology Private Limited, buy the company report.
Financials of Verifone India Technology Private Limited
FY 2025 filings availableVerifone India Technology Private Limited reported revenue of ₹207.12 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 12% fall in the latest year. EBITDA fell 5% 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 | ₹38.91 Cr | ||||
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| Net Profit (PAT) | ₹26.01 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 | 18.8% | ||||
| Net Profit Margin | 12.6% | ||||
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To see the full financial statements and ratios of Verifone India Technology Private Limited, buy the company report.
Board of directors of Verifone India Technology Private Limited
Verifone India Technology has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanadha Sriram Natarajan Rishinadhamangalam | Director | 10 May 2024 | 2 Years 5 Months | Current |
| Daivik Param Also directs: Verifone India Sales Private Limited | Additional Director | 02 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Verifone India Technology Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Application Development), 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 |
|---|---|---|---|---|---|---|
| Ribbon Communication Private Limited | ₹211.06 Cr (FY 2025) | 3.0% | Bangalore, Karnataka, India | |||
| Great Software Laboratory Private Limited | ₹210.31 Cr (FY 2019) | 38.0% | Pune, Maharashtra, India | |||
| Verifone India Technology Private Limitedthis company | ₹207.12 Cr (FY 2025) | ₹26.01 Cr | 12.6% | -12.0% | 633 | Bangalore, Karnataka, India |
| Motorola Solutions Kodiak Networks India Private Limited | ₹206.34 Cr (FY 2024) | 15.0% | Bangalore, Karnataka, India | |||
| Coforge SF Private Limited | ₹204.8 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Fiery Digital Imaging India Private Limited | ₹204.41 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| E-Zest Solutions Limited | ₹203.97 Cr (FY 2021) | 23.0% | Pune, Maharashtra, India |
To see the full peer comparison of Verifone India Technology Private Limited, buy the company report.
Auditor
Verifone India Technology Private Limited is audited by Walker Chandlok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandlok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Verifone India Technology 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 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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To see the full shareholding pattern of Verifone India Technology Private Limited, buy the company report.
Deals & funding
Verifone India Technology Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Verifone Singapore Pte Limited, Verifone HK 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
Verifone India Technology Private Limited has 2 court cases on record: 1 filed by Verifone India Technology, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Iwire Network Designs Private Limited and Others | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by PR Commissioner of Income Tax - 7 | Disposed |
To see the full case history of Verifone India Technology 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
Verifone India Technology Private Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 417 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hi Fidelity Solutions Private Limited | |||
| an individual supplier | |||
| SLN IT Solutions | |||
| Pride Technologies Consulting (India) Private Limited | |||
| Commdel Consulting Services Private Limited |
To see the full MSME payment records of Verifone India Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Verifone India Technology Private Limited has a workforce of 633 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Verifone India Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV1683K1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Verifone India Technology Private Limited, buy the company report.
Recent activity
Verifone India Technology Private Limited has 16 board changes on record since 2009: 3 appointments and 13 cessations. The latest: Marimuthu Babyselvam Karthikeyan ceased to be Director on 04 Jul 2025.
7 earlier events are in the company report.
News
Frequently asked questions
Verifone India Technology 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 23 December 2005 (21+ years old) and is registered under CIN U72200KA2005PTC038023.
Verifone India Technology has 2 current directors:
- Ramanadha Sriram Natarajan Rishinadhamangalam - Director
- Daivik Param - Additional Director
The latest financial statements of Verifone India Technology 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 Verifone India Technology is 29AACCV1683K1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Verifone India Technology is U72200KA2005PTC038023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verifone India Technology has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Verifone India Technology was incorporated on 23 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Verifone India Technology has 1 deal on record (1 secondary share transfer); the latest was in September 2006.
The peers of Verifone India Technology by revenue are Ribbon Communication Private Limited, Great Software Laboratory Private Limited, Motorola Solutions Kodiak Networks India Private Limited, Coforge SF Private Limited, Fiery Digital Imaging India Private Limited and 1 more, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Marimuthu Babyselvam Karthikeyan ceased to be Director on 04 Jul 2025. Daivik Param was appointed as Additional Director on 02 Jul 2025. Ramanadha Sriram Natarajan Rishinadhamangalam was appointed as Director on 10 May 2024. Verifone India Technology has 16 board changes on record in total.
Verifone India Technology has 11 MSME Form 1 returns on record between 2020 and 2024, listing 417 overdue payments to 20 micro and small suppliers. The latest return was filed on 01 May 2024.
Verifone India Technology can be reached through the website verifone.com. Its registered office is in Bangalore, Karnataka, India.