About D Code Research Services Private Limited
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D Code Research Services Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 24 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73200KA2005PTC037747. Its GSTIN is 29AACCD3414A1Z9 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Arvind Mandali Ranganna and Ranganna Mandali Ranganna.
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 690/P 14th Main J P Nagar 2nd Phase Bengaluru South, Karnataka, India – 560078.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.64 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹23.28 Lakh (net margin -14.2%) and EBITDA of -₹19.17 Lakh (EBITDA margin -11.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.
The company is associated with 1 brand: Dcode Research.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dcoderesearch.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address690/P 14th Main J P Nagar 2nd Phase Bengaluru South, Karnataka, India – 560078
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management, Business & IT Consulting
- 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 D Code Research Services Private Limited
The main business activity of D Code Research Services 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 D Code Research Services Private Limited FY 2025 filings available
D Code Research Services Private Limited reported revenue of ₹1.64 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of D Code Research Services Private Limited
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 936% 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 D Code Research Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹19.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹23.28 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of D Code Research Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -14.2% | •••• | •••• | •••• | •••• |
| 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 D Code Research Services are in the company report.
Financial statements from 2015
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 D Code Research Services Private Limited
D Code Research Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services, 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 |
|---|---|---|---|---|---|---|
| Rtria Consulting Services Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Gurgaon, Haryana, India |
| Darsan Consulting Services Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Ernakulam, Kerala, India |
| Prerna Innovative Solutions Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | -75.0% | •••• | Noida, Uttar Pradesh, India |
| Yashvik Start-Up Advisors Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | 123.0% | •••• | Ahmedabad, Gujarat, India |
| Seashine Fishmeal Plant Consulting Services Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 598.0% | •••• | Udupi, Karnataka, India |
| D Code Research Services Private Limited this company | ₹1.64 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bengaluru, Karnataka, India |
| Infinixq India Business Process Management Private Limited | ₹1.64 Cr (FY 2023) | •••• | •••• | -90.0% | •••• | Delhi, India |
| Zimello Wealth Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Chennai, Tamil Nadu, India |
| Samaksh Enterprises Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Jaipur, Rajasthan, India |
| GG Accounting and Business Solutions India Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Bangalore, Karnataka, India |
| M2m Consulting Consortium Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below D Code Research Services by revenue in the Outsourcing industry (Consulting Services, HR Outsourcing), 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 D Code Research Services Private Limited
D Code Research Services Private Limited is audited by MUKUNDA SHIVA & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUKUNDA SHIVA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of D Code Research Services Private Limited
D Code Research Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvind Mandali Ranganna Also directs: Wizmatrix Consulting Private Limited | Director | 24 Nov 2005 | 20 Years 10 Months | Current |
| Ranganna Mandali Ranganna | Director | 24 Mar 2009 | 17 Years 6 Months | Current |
Ownership and Shareholding of D Code Research Services 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 D Code Research Services Private Limited
D Code Research Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with D Code Research Services Private Limited
D Code Research Services operates one associated brand: Dcode Research. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides background checks for employment and vendor verification in various sectors. | dcoderesearch.com |
Employees and EPFO Compliance at D Code Research Services Private Limited
Employment history and EPFO contributions of people linked to D Code Research Services.
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 D Code Research Services Private Limited
D Code Research Services Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Ramakrishna Rao Akirekadu ceased to be Director on 24 Mar 2009.
Credit Ratings, Litigation & Regulatory Alerts for D Code Research Services 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 D Code Research Services 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 D Code Research Services 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 D Code Research Services Private Limited
D Code Research Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD3414A1Z9 | Karnataka | Active | 01 Jul 2017 |
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 D Code Research Services 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 D Code Research Services Private Limited
D Code Research Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 24 November 2005 (21+ years old) and is registered under CIN U73200KA2005PTC037747.
D Code Research Services reported revenue of ₹1.64 Cr for FY 2025 (down 8% YoY).
D Code Research Services has 2 current directors:
- Arvind Mandali Ranganna - Director
- Ranganna Mandali Ranganna - Director
D Code Research Services reported a net loss of ₹23.28 Lakh (net margin -14.2%) and EBITDA of -₹19.17 Lakh (EBITDA margin -11.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of D Code Research Services is 3% over three years and 8% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of D Code Research Services is 29AACCD3414A1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of D Code Research Services is U73200KA2005PTC037747. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D Code Research Services was incorporated on 24 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of D Code Research Services by revenue are Rtria Consulting Services Private Limited, Darsan Consulting Services Private Limited, Prerna Innovative Solutions Private Limited, Yashvik Start-Up Advisors Private Limited, Seashine Fishmeal Plant Consulting Services Private Limited and 5 more, all in the Outsourcing industry (Consulting Services, HR Outsourcing).
Ramakrishna Rao Akirekadu ceased to be Director on 24 Mar 2009. Ranganna Mandali Ranganna was appointed as Director on 24 Mar 2009. Arvind Mandali Ranganna was appointed as Director on 24 Nov 2005.
D Code Research Services can be reached through the website dcoderesearch.com. Its registered office is in Bengaluru, Karnataka, India.