About Ethics Research and Consulting Private Limited
Data last updated:
Ethics Research and Consulting Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Legasis Private Limited. It operates in the legal process outsourcing segment of the business process outsourcing sector. It was incorporated on 27 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC282907. Its GSTIN is 27AAECE3334N1ZG (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Suhas Ramchandra Tuljapurkar and Anita Rahul Shantaram.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.4 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹36.93 Lakh (net margin -151.3%) and EBITDA of -₹37.09 Lakh (EBITDA margin -152%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 2% over five years.
Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 acquisition); the latest was in September 2017. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, 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 ethicsindia.com.
Company details
Contact details
Ethics Research and Consulting Private Limited's registered office is in Mumbai, Maharashtra. Its website is ethicsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressParinee Cresenzo Office Nos. 12A – 09 & 12A – 09A Plot No. C 38/39 G Block Behind Mca C, Lub BKC, Mumbai, Maharashtra, India – 400051
- IndustryBusiness Outsourcing, Legal Process Outsourcing
To see the full contact details of Ethics Research and Consulting 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
Business activity
The main business activity of Ethics Research and Consulting is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Ethics Research and Consulting Private Limited, buy the company report.
Financials of Ethics Research and Consulting Private Limited
FY 2025 filings availableEthics Research and Consulting Private Limited reported revenue of ₹24.4 Lakh (down 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹37.09 Lakh | ||||
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| Net Profit (PAT) | -₹36.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -152% | ||||
| Net Profit Margin | -151.3% | ||||
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To see the full financial statements and ratios of Ethics Research and Consulting Private Limited, buy the company report.
Board of directors of Ethics Research and Consulting Private Limited
Ethics Research and Consulting has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Ramchandra Tuljapurkar | Director | 30 Jul 2018 | 8 Years 2 Months | Current |
| Anita Rahul Shantaram Also directs: Bharat Wire Ropes Limited, Lloyds Metals and Energy Limited, HBG Hotels Limited and 5 more | Director | 27 Jun 2016 | 10 Years 4 Months | Current |
| Ramesh Sharma Also directs: Legacs Corporate Services LLP, De-Rix Private Limited, Comply Global Cloud Solutions Private Limited and 1 more | Director | 30 Jul 2018 | 8 Years 2 Months | Current |
| Isukapally Venkata Shiv Kumar | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Ethics Research and Consulting Private Limited is audited by BATLIBOI & PUROHIT CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BATLIBOI & PUROHIT CHARTERED ACCOUNTANTS | FY 2023 | 101048W |
Shareholding
The shareholding of Ethics Research and Consulting 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Ethics Research and Consulting Private Limited, buy the company report.
Deals & funding
Ethics Research and Consulting Private Limited has 1 deal on record (1 acquisition); the latest was in September 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Acquisition | Undisclosed | Buyer: Legasis Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ethics Research and Consulting Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by PNB Housing Finance Limited | Disposed |
To see the full case history of Ethics Research and Consulting Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Ethics Research and Consulting Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, 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 |
|---|---|---|---|
| Sanmisha Technologies Private Limited |
To see the full MSME payment records of Ethics Research and Consulting Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ethics Research and Consulting has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE3334N1ZG | Maharashtra | Active | 21 Jan 2020 |
To see the full GST registrations and return filing status of Ethics Research and Consulting Private Limited, buy the company report.
Recent activity
Ethics Research and Consulting Private Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Isukapally Venkata Shiv Kumar was appointed as Additional Director on 14 Nov 2025.
Frequently asked questions
Ethics Research and Consulting is an active private limited company based in Mumbai, Maharashtra, India. The company works in legal process outsourcing, within the business outsourcing industry. It was incorporated on 27 June 2016 (10+ years old) and is registered under CIN U74999MH2016PTC282907.
Ethics Research and Consulting has 4 current directors:
- Suhas Ramchandra Tuljapurkar - Director
- Anita Rahul Shantaram - Director
- Ramesh Sharma - Director
- Isukapally Venkata Shiv Kumar - Additional Director
The latest financial statements of Ethics Research and Consulting on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ethics Research and Consulting is 27AAECE3334N1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ethics Research and Consulting is U74999MH2016PTC282907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethics Research and Consulting has 1 court case on record: 1 filed against it.
Ethics Research and Consulting was incorporated on 27 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Ethics Research and Consulting has 1 deal on record (1 acquisition); the latest was in September 2017.
Isukapally Venkata Shiv Kumar was appointed as Additional Director on 14 Nov 2025. Arun Shripad Kulkarni ceased to be Additional Director on 26 Sep 2018. Ramesh Sharma ceased to be Additional Director on 26 Sep 2018. Ethics Research and Consulting has 8 board changes on record in total.
Ethics Research and Consulting has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 31 Oct 2020.
Ethics Research and Consulting can be reached through the website ethicsindia.com. Its registered office is in Mumbai, Maharashtra, India.