About Bluforce Search Private Limited
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Bluforce Search Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 14 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2017PTC173869.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Baliram Namdeo Tungatkar and Bhalchandra Kiran Joshi.
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 Shop No.10 Plot No. Gp68 G Block Mahavir Arcade Sambhajinagar Thermax Chowk Chinchwad, Pune, Maharashtra, India – 411019.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.6 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net profit of ₹36,387 (net margin 14%) and EBITDA of ₹43,218 (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years.
The company is associated with 1 brand: Asia Worker.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asiaworker.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No.10 Plot No. Gp68 G Block Mahavir Arcade Sambhajinagar Thermax Chowk Chinchwad, Pune, Maharashtra, India – 411019
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Bluforce Search Private Limited
The main business activity of Bluforce Search is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy 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 Bluforce Search Private Limited FY 2025 filings available
Bluforce Search Private Limited reported revenue of ₹2.6 Lakh (down 72% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bluforce Search Private Limited
Revenue fell 72% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 43%. EBITDA fell 67% 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 Bluforce Search Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹43,218 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹36,387 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bluforce Search Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14% | •••• | •••• | •••• | •••• |
| 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 Bluforce Search are in the company report.
Financial statements from FY 2018
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 Bluforce Search Private Limited
Bluforce Search Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Education and Job Consultancy Private Limited | ₹2.64 Lakh (FY 2024) | •••• | •••• | •••• | Valasaravakkam, Tamil Nadu, India | |
| Arzyam Labs (OPC) Private Limited | ₹2.63 Lakh (FY 2024) | •••• | •••• | •••• | Bhubaneswar, Odisha, India | |
| Reliant Staffing Private Limited | ₹2.61 Lakh (FY 2019) | •••• | •••• | •••• | Bhopal, Madhya Pradesh, India | |
| SSG Security Services Private Limited | ₹2.61 Lakh (FY 2025) | •••• | •••• | -55.0% | •••• | Panipat, Haryana, India |
| Adb Infotech (OPC) Private Limited | ₹2.6 Lakh (FY 2020) | •••• | •••• | •••• | Delhi, India | |
| Bluforce Search Private Limited this company | ₹2.6 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Pune, Maharashtra, India |
| Inventico Infotech Private Limited | ₹2.59 Lakh (FY 2024) | •••• | •••• | -35.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Amd Trend Solution Private Limited | ₹2.58 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Teams Alliance Private Limited | ₹2.57 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Patna, Bihar, India |
| Satvik Pharmaceuticals Private Limited | ₹2.57 Lakh (FY 2024) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Quantumnxt Ventures Private Limited | ₹2.55 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Bluforce Search by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Bluforce Search Private Limited
Bluforce Search has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baliram Namdeo Tungatkar | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Bhalchandra Kiran Joshi | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Mukundan Srinivasan | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Bluforce Search 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 Bluforce Search Private Limited
Bluforce Search Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Bluforce Search Private Limited
Bluforce Search operates one associated brand: Asia Worker. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online portal connecting users with blue-collar job opportunities. | asiaworker.com |
Employees and EPFO Compliance at Bluforce Search Private Limited
Employment history and EPFO contributions of people linked to Bluforce Search.
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 Bluforce Search Private Limited
Bluforce Search Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Prashant Shridhar Washimkar ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Bluforce Search 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.
MSME Payment Delays by Bluforce Search Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bluforce Search 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 Bluforce Search Private Limited
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 Bluforce Search 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 Bluforce Search Private Limited
Bluforce Search is an active private limited company based in Pune, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 14 December 2017 (9+ years old) and is registered under CIN U74999PN2017PTC173869.
Bluforce Search reported revenue of ₹2.6 Lakh for FY 2025 (down 72% YoY).
Bluforce Search has 3 current directors:
- Baliram Namdeo Tungatkar - Director
- Bhalchandra Kiran Joshi - Director
- Mukundan Srinivasan - Director
Bluforce Search reported a net profit of ₹36,387 (net margin 14%) and EBITDA of ₹43,218 (EBITDA margin 16.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bluforce Search is 43% over three years. In the latest year (FY 2025) revenue fell 72%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Bluforce Search is U74999PN2017PTC173869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bluforce Search was incorporated on 14 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Bluforce Search by revenue are Sai Education and Job Consultancy Private Limited, Arzyam Labs (OPC) Private Limited, Reliant Staffing Private Limited, SSG Security Services Private Limited, Adb Infotech (OPC) Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Prashant Shridhar Washimkar ceased to be Additional Director on 30 Sep 2019. Sanjay Bhargava ceased to be Additional Director on 29 Dec 2018. Baliram Namdeo Tungatkar was appointed as Director on 14 Dec 2017. Bluforce Search has 5 board changes on record in total.
Yes, Bluforce Search is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Bluforce Search can be reached through the website asiaworker.com. Its registered office is in Pune, Maharashtra, India.