MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-MH-33-0005966
Blue Ethics Services Private Limited
Blue Ethics Services Private Limited - professional services in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹3.01 Cr
▲ 17% YoY
Net profit · FY 2019
₹16.39 Lakh
Net margin 5.4%
EBITDA · FY 2019
₹22.12 Lakh
EBITDA margin 7.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Blue Ethics Services Private Limited
Data last updated:
Blue Ethics Services Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the placement services segment of the professional services sector. It was incorporated on 11 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC257105. Its GSTIN is 27AAGCB0412Q1ZM (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Amit Chandrakant Mehta and Rachana Purushottam Radera.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.01 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹16.39 Lakh (net margin 5.4%) and EBITDA of ₹22.12 Lakh (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
Blue Ethics Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0005966). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company Details of Blue Ethics Services Private Limited
CIN U74999MH2014PTC257105
Registration Number 257105
Incorporation Date 11 August 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0005966
Recognitions & Rankings of Blue Ethics Services
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address203 2nd Floor B Wing Golden Harvest Mira Bhayander Road Mir, A Road, Thane, Maharashtra, India – 400104
- IndustryProfessional Services, Placement Services, Human Resources
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Business Activity of Blue Ethics Services Private Limited
The main business activity of Blue Ethics Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Blue Ethics Services Private Limited FY 2019 filings available
Blue Ethics Services Private Limited reported revenue of ₹3.01 Cr (up 17% YoY) for FY 2019.
Revenue · FY 2019
₹3.01 Cr ▲ 17%
Net profit · FY 2019
₹16.39 Lakh margin 5.4%
EBITDA · FY 2019
₹22.12 Lakh margin 7.3%
Compounded Annual Growth Rate (CAGR) of Blue Ethics Services Private Limited
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 16% over three years, including 17% growth in the latest year. EBITDA fell 18% 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 Blue Ethics Services Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹22.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.39 Lakh | •••• | •••• | •••• | •••• |
| 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 Blue Ethics Services Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.4% | •••• | •••• | •••• | •••• |
| 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 Blue Ethics Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Blue Ethics Services Private Limited
Blue Ethics Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Chandrakant Mehta | Director | 11 Aug 2014 | 12 Years 2 Months | Current |
| Rachana Purushottam Radera | Director | 11 Aug 2014 | 12 Years 2 Months | Current |
Peer Comparison of Blue Ethics Services Private Limited
Blue Ethics Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Placement agencies and HR management 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 |
|---|---|---|---|---|---|---|
| 99 Hind Suraksha Private Limited | ₹3.04 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Karnal, Haryana, India |
| Foxgloves Manpower Services Private Limited | ₹3.04 Cr (FY 2022) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
| Starkflow Technologies Private Limited | ₹3.04 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Mansource HR Private Limited | ₹3.03 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Aot Services Private Limited | ₹3.02 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Gurugram, Haryana, India |
| Blue Ethics Services Private Limited this company | ₹3.01 Cr (FY 2019) | •••• | •••• | 17.0% | •••• | Thane, Maharashtra, India |
| Babaneebkaruri Multiservices Private Limited | ₹3.01 Cr (FY 2024) | •••• | •••• | 1662.0% | •••• | Lucknow, Uttar Pradesh, India |
| Primo Hansford and Consulting Private Limited | ₹3 Cr (FY 2024) | •••• | •••• | 431.0% | •••• | New Delhi, Delhi, India |
| Kargar Business Services Private Limited | ₹2.99 Cr (FY 2025) | •••• | •••• | 210.0% | •••• | Pune, Maharashtra, India |
| Technogr8 Solutions Private Limited | ₹2.98 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| Gauri Industrial Labour Supplier Private Limited | ₹2.98 Cr (FY 2023) | •••• | •••• | 34.0% | •••• | Aurangabad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Blue Ethics Services by revenue in the same principal business activity (Placement agencies and HR management 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 Blue Ethics Services Private Limited
Blue Ethics Services Private Limited is audited by PRAJAPATI YADAV & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRAJAPATI YADAV & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Blue Ethics Services Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Charges & Borrowings of Blue Ethics Services Private Limited
Blue Ethics Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Blue Ethics Services Private Limited
Employment history and EPFO contributions of people linked to Blue Ethics Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Blue Ethics Services Private Limited
Blue Ethics Services Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Amit Chandrakant Mehta was appointed as Director on 11 Aug 2014.
AGM
Blue Ethics Services Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Blue Ethics Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai.
Appointed
Amit Chandrakant Mehta was appointed as Director.
Appointed
Rachana Purushottam Radera was appointed as Director.
Incorporation
11 Aug 2014
Blue Ethics Services Private Limited was registered on 11 Aug 2014 with Roc Mumbai & aged 12 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Blue Ethics Services Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Blue Ethics Services Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Blue Ethics Services Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Blue Ethics Services Private Limited
Blue Ethics Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB0412Q1ZM | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Blue Ethics Services Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Blue Ethics Services Private Limited
Blue Ethics Services is an active private limited company based in Thane, Maharashtra, India. The company works in placement services, within the professional services industry. It was incorporated on 11 August 2014 (12+ years old) and is registered under CIN U74999MH2014PTC257105.
Blue Ethics Services reported revenue of ₹3.01 Cr for FY 2019 (up 17% YoY).
Blue Ethics Services has 2 current directors:
- Amit Chandrakant Mehta - Director
- Rachana Purushottam Radera - Director
Blue Ethics Services reported a net profit of ₹16.39 Lakh (net margin 5.4%) and EBITDA of ₹22.12 Lakh (EBITDA margin 7.3%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Blue Ethics Services is 16% over three years. In the latest year (FY 2019) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Blue Ethics Services is 27AAGCB0412Q1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Blue Ethics Services is U74999MH2014PTC257105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Ethics Services was incorporated on 11 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Blue Ethics Services by revenue are 99 Hind Suraksha Private Limited, Foxgloves Manpower Services Private Limited, Starkflow Technologies Private Limited, Mansource HR Private Limited, Aot Services Private Limited and 5 more, all in the same principal business activity (Placement agencies and HR management services).
Amit Chandrakant Mehta was appointed as Director on 11 Aug 2014. Rachana Purushottam Radera was appointed as Director on 11 Aug 2014.
Yes, Blue Ethics Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0005966).