About HLF Services Limited
Data last updated:
HLF Services Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Ashok Leyland Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 28 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U82990TN2010PLC076750. Its GSTIN is 33AACCH4777Q1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹55 Lakh. It is led by directors including Baalasubramaniyan Nedunchezhiyan and Vijayakumar Gopalan (Person Incharge).
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2025, the company reported a revenue of ₹317.77 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.07 Cr (net margin 1%) and EBITDA of ₹4.47 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 23% over five years.
The company has about 9,972 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hinduja Leyland Finance. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 2 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in April 2014. Its 4 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 2 larger and 2 smaller; the largest is SHL (India) Private Limited with revenue of ₹338.27 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hindujaleylandfinance.com.
CIN History
HLF Services has one previous CIN (Corporate Identification Number): U67190TN2010PLC076750. The current CIN is U82990TN2010PLC076750, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U82990TN2010PLC076750 | Current |
| U67190TN2010PLC076750 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032
- 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
Associated Brands
HLF Services operates one associated brand: Hinduja Leyland Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vehicle and housing finance products are offered across India. | hindujaleylandfinance.com |
Business Activity
The main business activities of HLF Services are support service to organizations and financial and insurance service. In detail, this covers placement agencies and hr management services and other financial activities. 2 activity segments are registered with the MCA.
| 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 |
| K | Financial and insurance Service | K8 | Other financial 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
Financials of HLF Services Limited
FY 2025 filings availableHLF Services Limited reported revenue of ₹317.77 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 23% growth in the latest year. EBITDA fell 1% 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹4.47 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹3.07 Cr | |
| 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.4% | |
| Net Profit Margin | 1% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 HLF Services are in the company report.
: available in the company report
Board of Directors of HLF Services Limited
HLF Services has 7 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baalasubramaniyan Nedunchezhiyan Also directs: Epi Source India Private Limited | Director | 31 Mar 2022 | 4 Years 6 Months | Current |
| Vijayakumar Gopalan | Person Incharge | 22 Jul 2013 | 13 Years 3 Months | Current |
| Subramanian Suryanarayanan Also directs: Reliable Dienst Private Limited | Director | 24 Sep 2021 | 5 Years 0 Months | Current |
| Vamsi Kumar Bokka | Director | 27 Jan 2020 | 6 Years 8 Months | Current |
| Vivek Kannan | Director | 13 May 2024 | 2 Years 5 Months | Current |
| Sachin Sundaram Pillai Also directs: NDL Ventures Limited, Gaadi Mandi Digital Platforms Limited, Hinduja Housing Finance Limited and 2 more | Director | 01 Sep 2012 | 14 Years 1 Months | Current |
Peer Comparison
HLF Services Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with 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 |
|---|---|---|---|---|---|---|
| SHL (India) Private Limited | ₹338.27 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Weavings Manpower Solutions Private Limited | ₹324.52 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Thane, Maharashtra, India |
| HLF Services Limited this company | ₹317.77 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Chennai, Tamil Nadu, India |
| Integrated Personnel Services Limited | ₹316.82 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Eteam Infoservices Private Limited | ₹310.75 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to HLF Services by revenue, above and below it, in the Outsourcing industry (HR Outsourcing), with 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
HLF Services Limited is audited by SSRG & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SSRG & Associates | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
HLF Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding
HLF Services Limited has 1 deal on record (1 secondary share transfer); the latest was in April 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Ashok Leyland Limited Seller: Ashley Investments Limited , Ashley Holdings Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
HLF Services Limited has 8 court cases on record: 5 filed by HLF Services, 3 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (L I D) | Filed against the company | Pending |
| District court, Chennai, Tamil Nadu | Petition | Filed by the company against The Assistant Director, Employees State Insurance Corporation and 1 other | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
: available in 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.
Employees and EPFO Compliance
HLF Services Limited has a workforce of 9,972 employees as of Apr 07, 2024.
: available in the company report
Recent Activity
HLF Services Limited has 26 board changes on record since 2010: 7 appointments and 19 cessations. The latest: Vivek Kannan ceased to be Additional Director on 22 Sep 2024.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
HLF Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCH4777Q1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
HLF Services is an active public limited company based in Chennai, Tamil Nadu, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 28 July 2010 (16+ years old) and is registered under CIN U82990TN2010PLC076750.
HLF Services has 7 current directors:
- Baalasubramaniyan Nedunchezhiyan - Director
- Subramanian Suryanarayanan - Director
- Vamsi Kumar Bokka - Director
- Vivek Kannan - Director
- Sachin Sundaram Pillai - Director
- Palghat Krishnaswamy Gopalakrishnan - Director
- Vijayakumar Gopalan - Person Incharge
The latest financial statements of HLF Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HLF Services is 33AACCH4777Q1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of HLF Services is U82990TN2010PLC076750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HLF Services has 8 court cases on record: 5 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
HLF Services was incorporated on 28 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
HLF Services has 1 deal on record (1 secondary share transfer); the latest was in April 2014.
The peers of HLF Services by revenue are SHL (India) Private Limited, Weavings Manpower Solutions Private Limited, Integrated Personnel Services Limited, Eteam Infoservices Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Vivek Kannan ceased to be Additional Director on 22 Sep 2024. Vivek Kannan was appointed as Director on 13 May 2024. Vikas Jain ceased to be Additional Director on 16 May 2023. HLF Services has 26 board changes on record in total.
HLF Services can be reached through the website hindujaleylandfinance.com. Its registered office is in Chennai, Tamil Nadu, India.