About Version 1 Services Private Limited
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Version 1 Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Version 1 Solutions Limited. It operates in the enterprise resource planning (ERP) solutions segment of the technology and IT services sector. It was incorporated on 09 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2007PTC167471. Its GSTIN is 29AADCC0194P1Z7 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Version 1 Software Private Limited and Cedar India Consulting Private Limited. It is led by directors including Thomas Anthony Oconnor and Patrick Francis Cooney.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Manyata Embassy Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹79.31 Cr, a growth of 80% compared to the previous year. For the same year it recorded EBITDA of ₹13.51 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 55% over five years.
The company has about 371 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Version 1. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in February 2020. Its 6 peer companies in the Information Technology industry (Enterprise Resource Planning), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 3 smaller; the largest is Qad India Private Limited with revenue of ₹126.37 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website version1.com.
Company details
Name history
Version 1 Services has undergone 2 name changes throughout its history. The company was previously known as Version 1 Software Private Limited, and Cedar India Consulting Private Limited. The current legal name is Version 1 Services Private Limited.
| Company Name | Status |
|---|---|
| Version 1 Services Private Limited | Current |
| Version 1 Software Private Limited | Previous |
| Cedar India Consulting Private Limited | Previous |
CIN history
Version 1 Services has one previous CIN (Corporate Identification Number): U74140PN2007PTC129579. The current CIN is U74140KA2007PTC167471, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140KA2007PTC167471 | Current |
| U74140PN2007PTC129579 | Previous |
Contact details
Version 1 Services Private Limited's registered office is in Bangalore, Karnataka. Its website is version1.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMadhuvan North Avenue M2 Block 8th Floor A Wing, Manyata Embassy Business Park Hebbal Outer Ring Road Nagawara, Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, Enterprise Resource Planning (ERP) Solutions
To see the full contact details of Version 1 Services 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
Version 1 Services operates one associated brand: Version 1. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT consulting and outsourced managed services are delivered. | version1.com |
Financials of Version 1 Services Private Limited
FY 2025 filings availableVersion 1 Services Private Limited reported revenue of ₹79.31 Cr (up 80% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years, including 80% growth in the latest year. EBITDA rose 46% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹79.31 Cr | ||||
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| EBITDA | ₹13.51 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17% | ||||
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To see the full financial statements and ratios of Version 1 Services Private Limited, buy the company report.
Board of directors of Version 1 Services Private Limited
Version 1 Services has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thomas Anthony Oconnor Also directs: Qubix Consulting Private Limited | Director | 14 Feb 2019 | 7 Years 8 Months | Current |
| Patrick Francis Cooney Also directs: Qubix Consulting Private Limited | Additional Director | 09 May 2025 | 1 Years 5 Months | Current |
| Ganesh Kalyanaraman Also directs: Qubix Consulting Private Limited | Additional Director | 28 Feb 2025 | 1 Years 7 Months | Current |
| Roopinder Singh Also directs: Qubix Consulting Private Limited | Additional Director | 16 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Version 1 Services Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Enterprise Resource Planning), 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 |
|---|---|---|---|---|---|---|
| Qad India Private Limited | ₹126.37 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| Blueprint Technologies Private Limited | ₹85.38 Cr (FY 2025) | 51.0% | Bangalore, Karnataka, India | |||
| Intellect Bizware Services Private Limited | ₹84.14 Cr (FY 2025) | 18.0% | Navi Mumbai, Maharashtra, India | |||
| Version 1 Services Private Limitedthis company | ₹79.31 Cr (FY 2023) | 80.0% | 371 | Bangalore, Karnataka, India | ||
| Ginni Systems Limited | ₹64.18 Cr (FY 2025) | 18.0% | Gurgaon, Haryana, India | |||
| RJT Compusolutions Private Limited | ₹57 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Primus Techsystems Private Limited | ₹53.86 Cr (FY 2024) | 18.0% | Pune, Maharashtra, India |
To see the full peer comparison of Version 1 Services Private Limited, buy the company report.
Auditor
Version 1 Services Private Limited is audited by Kshirsagar Kulkarni & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kshirsagar Kulkarni & Co. | FY 2023 | 131762W |
Shareholding
The shareholding of Version 1 Services 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 Version 1 Services Private Limited, buy the company report.
Deals & funding
Version 1 Services Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in February 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Version 1 Solutions Limited Seller: Cedar Consulting (UK) Limited |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: Version 1 Software UK Limited Seller: an individual |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Cedar Consulting (UK) Limited Seller: an individual |
| Apr 2008 | Funding round | ₹9 Lakh | Investors: Cedar Consulting (UK) Limited, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Version 1 Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Version 1 Services Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prohrd Human Capital and Innovation Management Private Limited |
To see the full MSME payment records of Version 1 Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Version 1 Services Private Limited has a workforce of 371 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Version 1 Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCC0194P1Z7 | Karnataka | Active | 01 Jun 2019 |
| 27AADCC0194P1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Version 1 Services Private Limited, buy the company report.
Recent activity
Version 1 Services Private Limited has 11 board changes on record since 2011: 5 appointments and 6 cessations. The latest: Roopinder Singh was appointed as Additional Director on 16 Jan 2026.
2 earlier events are in the company report.
Frequently asked questions
Version 1 Services is an active private limited company based in Bangalore, Karnataka, India. The company works in enterprise resource planning (erp) solutions, within the information technology industry. It was incorporated on 09 February 2007 (19+ years old) and is registered under CIN U74140KA2007PTC167471.
Version 1 Services has 4 current directors:
- Thomas Anthony Oconnor - Director
- Patrick Francis Cooney - Additional Director
- Ganesh Kalyanaraman - Additional Director
- Roopinder Singh - Additional Director
The latest financial statements of Version 1 Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Version 1 Services is 29AADCC0194P1Z7, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCC0194P1ZB (Maharashtra).
The CIN (Corporate Identification Number) of Version 1 Services is U74140KA2007PTC167471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Version 1 Services was incorporated on 09 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Version 1 Services has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Lakh; the latest was in February 2020.
The peers of Version 1 Services by revenue are Qad India Private Limited, Blueprint Technologies Private Limited, Intellect Bizware Services Private Limited, Ginni Systems Limited, RJT Compusolutions Private Limited and 1 more, all in the Information Technology industry (Enterprise Resource Planning), with the same principal business activity (computer programming, consultancy and related activities).
Roopinder Singh was appointed as Additional Director on 16 Jan 2026. Patrick Francis Cooney was appointed as Additional Director on 09 May 2025. Ganesh Kalyanaraman was appointed as Additional Director on 28 Feb 2025. Version 1 Services has 11 board changes on record in total.
Version 1 Services has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 18 Dec 2023.
Version 1 Services can be reached through the website version1.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Version 1 Services is at Madhuvan North Avenue M2 Block 8th Floor A Wing, Manyata Embassy Business Park Hebbal Outer Ring Road Nagawara, Bangalore, Karnataka, India – 560045.