TECH MAHINDRA LONDON LIMITED
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Cash
£29m
+13,801.9% highest in 6 filed years
Net assets
£186m
+2.4% vs 2025
Employees
0
Average over period
Profit before tax
£4.8m
+106.2% first positive since 2025
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | -£1,719,354 | -£293,258 | — | -£250,712 | -£238,254 | £416,941 | +275% | |
| Profit before tax | -£12,313,738 | £8,476,215 | — | -£10,569,399 | -£77,698,044 | £4,784,295 | +106.2% | |
| Net profit | -£12,313,738 | £8,476,215 | — | -£10,401,299 | -£77,894,775 | £4,385,413 | +105.6% | |
| Cash | £61,856 | £277,693 | £261,719 | £124,022 | £210,724 | £29,294,557 | +13,801.9% | |
| Total assets less current liabilities | £61,949,192 | £340,390,964 | £307,290,019 | £254,812,516 | £181,417,741 | £185,803,154 | +2.4% | |
| Net assets | £47,757,715 | £261,233,930 | £265,213,815 | £254,812,516 | £181,417,741 | £185,803,154 | +2.4% | |
| Equity | £47,757,715 | £261,233,930 | £265,213,815 | £254,812,516 | £181,417,741 | £185,803,154 | +2.4% | |
| Average employees | 0 | 0 | 0 | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | £159,684 | £164,011 | +2.7% | |
| Directors' remuneration | — | — | — | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | -2.8% | -0.1% | — | -0.1% | -0.1% | 0.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | 1.8% | 9.2% | |
| Current ratio | — | — | — | 1.66x | 8.24x | 2.69x | |
| Interest cover | -0.69x | — | — | — | — | 2.00x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- TECH MAHINDRA LONDON LIMITED 2021-12-09 → present
- MAHINDRA ENGINEERING SERVICES (EUROPE) LIMITED 2008-09-25 → 2021-12-09
- PLEXION TECHNOLOGIES (U.K.) LIMITED 2001-11-08 → 2008-09-25
- PLEXION TECHNOLOGIES LIMITED 2000-11-24 → 2001-11-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Barnes Roffe Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TECH MAHINDRA LONDON LIMITED · parent
- Tech Mahindra CZ a.s. 100%
- Tech Mahindra Communications Japan Co.Ltd 100%
- Perigord Assets Holdings Limited 100%
- Com Tec Co IT Limited 100%
- SWFT Technologies Limited 25%
Significant events
- “Acquisition and disposal of investment in Mahindra Racing UK Limited.”
- “Sale of Surance Ltd.”
- “Liquidation of CTDev LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASNANI, Harshul | Director | 2024-08-01 | Aug 1970 | Indian |
| KONNANATH, Gopikrishnan | Director | 2025-07-04 | Apr 1970 | Indian |
| UPADHYAY, Manish | Director | 2021-06-11 | Jul 1977 | Indian |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BONDE, Dilipharibhau | Secretary | 2000-11-24 | 2001-10-15 |
| JOHN, Bobby | Secretary | 2001-10-15 | 2008-10-10 |
| PARANAJAPE, Anand Vithal, Mr. | Secretary | 2008-10-10 | 2015-10-01 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 2000-11-24 | 2000-11-24 |
| CHIDAMBARAM, Lakshmanan | Director | 2020-11-25 | 2025-06-30 |
| JOGLEKAR, Sanjay Vasant | Director | 2008-10-01 | 2015-03-09 |
| KAMAT, Prashant Prabhakar | Director | 2008-10-01 | 2015-06-24 |
| MALHOTRA, Arvind Naval Kishore | Director | 2015-06-24 | 2020-11-25 |
| MYOOR KANDHADAI, Padmanabhan | Director | 2000-11-24 | 2008-10-01 |
| NAIR, Vikram Narayanan | Director | 2015-02-04 | 2024-07-26 |
| PATIL, Bhushan Narayan Rao | Director | 2022-09-22 | 2024-02-20 |
| SATHISHA, Belavadi Krishna Rao | Director | 2021-03-25 | 2022-08-01 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 2000-11-24 | 2000-11-24 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2000-11-24 | 2000-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tech Mahindra Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-18 | CH01 | officers | Change person director company with change date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-27 | CH01 | officers | Change person director company with change date | |
| 2024-09-27 | SH01 | capital | Capital allotment shares | |
| 2024-09-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-02-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-21 | CH01 | officers | Change person director company | |
| 2023-11-20 | CH01 | officers | Change person director company with change date | |
| 2023-06-21 | AA | accounts | Accounts with accounts type small | |
| 2022-12-19 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.