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Indipals Services Private Limited - business services in Thane, Maharashtra, India. Directors, charges & compliance details.
Revenue · FY 2025
₹12.83 Lakh
▲ 419% YoY
Net loss · FY 2025
₹2.72 Lakh
Net margin -21.2%
EBITDA · FY 2025
-₹2.72 Lakh
EBITDA margin -21.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹67.2 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Indipals Services Private Limited
Data last updated:
Indipals Services Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the facility management segment of the business services sector. It was incorporated on 20 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85100MH2021PTC373630.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹67.2 Lakh. It is led by directors Manisha Maganty Sivaram and Madhavan Ganesan.
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 Sector 38, Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.83 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.72 Lakh (net margin -21.2%) and EBITDA of -₹2.72 Lakh (EBITDA margin -21.2%).
The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹45 Lakh; the latest was in December 2022. Its 10 peer companies in the Business Services industry (Facility Management Services) are compared by revenue, 5 larger and 5 smaller; the largest is Strive International Private Limited with revenue of ₹13.16 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indipals.com.
Company Details of Indipals Services Private Limited
CIN U85100MH2021PTC373630
Registration Number 373630
Incorporation Date 20 December 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Indipals Services
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressKendriya Vihar C Type Flat 5 Block 25, Sector 38 Nerul Navi Mumbai, Thane, Maharashtra, India – 400706
- IndustryBusiness Services, Facility Management
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Business Activity of Indipals Services Private Limited
The main business activity of Indipals Services is hospital and medical care. In detail, this covers residential care for elderly, disabled and other ailments.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q4 | Residential care for elderly, disabled and other ailments | 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 Indipals Services Private Limited FY 2025 filings available
Indipals Services Private Limited reported revenue of ₹12.83 Lakh (up 419% YoY) for FY 2025.
Revenue · FY 2025
₹12.83 Lakh ▲ 419%
Net loss · FY 2025
₹2.72 Lakh margin -21.2%
EBITDA · FY 2025
-₹2.72 Lakh margin -21.2%
Compounded Annual Growth Rate (CAGR) of Indipals Services Private Limited
Revenue CAGR growth
1 year
▲ 419%
EBITDA CAGR growth
1 year
▲ 77%
3 years · compounded
▲ 10%
Revenue rose 419% in the latest year. EBITDA rose 77% 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 Indipals Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹2.72 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.72 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 Indipals Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -21.2% | •••• | •••• | •••• |
| Net Profit Margin | -21.2% | •••• | •••• | •••• |
| 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 Indipals Services are in the company report.
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Financial statements from FY 2022
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.
Board of Directors of Indipals Services Private Limited
Indipals Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manisha Maganty Sivaram Also directs: Finwisely Fintech Services Private Limited | Director | 13 Jul 2023 | 3 Years 3 Months | Current |
| Madhavan Ganesan | Director | 20 Dec 2021 | 4 Years 10 Months | Current |
Peer Comparison of Indipals Services Private Limited
Indipals Services Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Facility 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 |
|---|---|---|---|---|---|---|
| Strive International Private Limited | ₹13.16 Lakh (FY 2025) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| Sagar Security and House Keeping Services Private Limited | ₹13.16 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Ujjain, Madhya Pradesh, India |
| Colo Techxpert Solutions Private Limited | ₹13.08 Lakh (FY 2025) | •••• | •••• | •••• | Panvel, Maharashtra, India | |
| Nrykt Project Developers Private Limited | ₹13.08 Lakh (FY 2025) | •••• | •••• | 74.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Adhunik Pest Control Private Limited | ₹13.08 Lakh (FY 2021) | •••• | •••• | 113.0% | •••• | Haroa, West Bengal, India |
| Indipals Services Private Limited this company | ₹12.83 Lakh (FY 2025) | •••• | •••• | 419.0% | •••• | Thane, Maharashtra, India |
| Unnatti Control Risks Private Limited | ₹12.8 Lakh (FY 2025) | •••• | •••• | -83.0% | •••• | Pune, Maharashtra, India |
| Artis M&C Advisory Private Limited | ₹12.79 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Thiruvananthapuram, Kerala, India |
| Space 7 Realty Private Limited | ₹12.68 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Mumbai, Maharashtra, India |
| A N Constructions Private Limited | ₹12.57 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Allahabad, Uttar Pradesh, India |
| Erika Advisory Services Private Limited | ₹12.55 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Indipals Services by revenue in the Business Services industry (Facility Management Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Indipals Services Private Limited
Indipals Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Indipals Services Private Limited
Indipals Services Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹45 Lakh; the latest was in December 2022.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹45 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Funding round | ₹45 Lakh | Investors: 4 individuals |
| Mar 2022 | Rights issue | ₹42 Lakh | Investors: 2 individuals |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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- Investors, buyers and sellers
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Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Indipals Services Private Limited
Employment history and EPFO contributions of people linked to Indipals Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Indipals Services Private Limited
Indipals Services Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Manisha Maganty Sivaram ceased to be Additional Director on 29 Sep 2023.
AGM
Indipals Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indipals Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Manisha Maganty Sivaram ceased to be Additional Director.
Ceased
Sivaram Maganty ceased to be Director.
Appointed
Manisha Maganty Sivaram was appointed as Director.
Appointed
Madhavan Ganesan was appointed as Director.
Incorporation
20 Dec 2021
Indipals Services Private Limited was registered on 20 Dec 2021 with Roc Mumbai Ii & aged 4 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Indipals 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.
- Rating history
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MSME Payment Delays by Indipals 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 Indipals 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 Indipals Services Private Limited
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GST registrations and filing compliance
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MCA Filings & Documents of Indipals Services Private Limited
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MCA filings and documents
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 Indipals Services Private Limited
Indipals Services is an active private limited company based in Thane, Maharashtra, India. The company works in facility management, within the business services industry. It was incorporated on 20 December 2021 (5+ years old) and is registered under CIN U85100MH2021PTC373630.
Indipals Services reported revenue of ₹12.83 Lakh for FY 2025 (up 419% YoY).
Indipals Services has 2 current directors:
- Manisha Maganty Sivaram - Director
- Madhavan Ganesan - Director
Indipals Services reported a net loss of ₹2.72 Lakh (net margin -21.2%) and EBITDA of -₹2.72 Lakh (EBITDA margin -21.2%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Indipals Services is U85100MH2021PTC373630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indipals Services was incorporated on 20 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Indipals Services has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹45 Lakh; the latest was in December 2022.
The peers of Indipals Services by revenue are Strive International Private Limited, Sagar Security and House Keeping Services Private Limited, Colo Techxpert Solutions Private Limited, Nrykt Project Developers Private Limited, Adhunik Pest Control Private Limited and 5 more, all in the Business Services industry (Facility Management Services).
Manisha Maganty Sivaram ceased to be Additional Director on 29 Sep 2023. Sivaram Maganty ceased to be Director on 15 Jul 2023. Manisha Maganty Sivaram was appointed as Director on 13 Jul 2023. Indipals Services has 4 board changes on record in total.
Yes, Indipals Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Indipals Services can be reached through the website indipals.com. Its registered office is in Thane, Maharashtra, India.