About Iplace India Private Limited
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Iplace India Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 13 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2000PTC014589. Its GSTIN is 27AAACI6186L1Z4 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹12.15 Lakh. It was formerly known as Infovision It Limited and Infovision It Iplace India Limited. It is led by directors including Sandeep Gopichand Deshmukh and Sundeep Damani.
Its last annual general meeting (AGM) was held on 09 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kharadi Rd Amanora Park, Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.85 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹2.45 Cr (net margin 5.8%) and EBITDA of ₹3.31 Cr (EBITDA margin 7.9%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 1% over five years.
The company has about 419 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iPlace. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iplaceusa.com.
Company details
Name history
Iplace India has undergone 3 name changes throughout its history. The company was previously known as Infovision It Limited, Infovision It Iplace India Limited, and Iplace India Limited. The current legal name is Iplace India Private Limited.
| Company Name | Status |
|---|---|
| Iplace India Private Limited | Current |
| Infovision It Limited | Previous |
| Infovision It Iplace India Limited | Previous |
| Iplace India Limited | Previous |
CIN history
Iplace India has one previous CIN (Corporate Identification Number): U72200PN2000PLC014589. The current CIN is U72200PN2000PTC014589, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200PN2000PTC014589 | Current |
| U72200PN2000PLC014589 | Previous |
Contact details
Iplace India Private Limited's registered office is in Pune, Maharashtra. Its website is iplaceusa.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor West Block Amanora Mall, Mundhwa – Kharadi Rd Amanora Park Town, Pune, Maharashtra, India – 411028
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Iplace India 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
Brands
Iplace India operates one associated brand: iPlace. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recruitment services are provided by iPlace in the United States. | iplaceusa.com |
Business activity
The main business activity of Iplace India is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Iplace India Private Limited, buy the company report.
Financials of Iplace India Private Limited
FY 2024 filings availableIplace India Private Limited reported revenue of ₹41.85 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 35% fall in the latest year. EBITDA fell 33% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.31 Cr | ||||
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| Net Profit (PAT) | ₹2.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | ||||
| Net Profit Margin | 5.8% | ||||
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To see the full financial statements and ratios of Iplace India Private Limited, buy the company report.
Board of directors of Iplace India Private Limited
Iplace India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Gopichand Deshmukh Also directs: 5Metis India Private Limited, Smartsheet Technologies India Private Limited, Trgrp India Private Limited and 5 more | Director | 28 Oct 2023 | 3 Years 0 Months | Current |
| Sundeep Damani | Director | 27 Mar 2015 | 11 Years 7 Months | Current |
| Jitendra Vyas | Director | 26 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Iplace India Private Limited is compared with the 4 companies closest to it by revenue 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sruthi Total HR Solutions Private Limited | ₹42.31 Cr (FY 2024) | 16.0% | Chennai, Tamil Nadu, India | |||
| Praj Companies Logistics Services Private Limited | ₹42.18 Cr (FY 2024) | 14.0% | Pune, Maharashtra, India | |||
| Iplace India Private Limitedthis company | ₹41.85 Cr (FY 2025) | ₹2.45 Cr | 5.8% | -35.0% | 419 | Pune, Maharashtra, India |
| Akar HR Management Private Limited | ₹41.7 Cr (FY 2023) | 62.0% | Surat, Gujarat, India | |||
| Talentpull and Infrastructure Private Limited | ₹41.62 Cr (FY 2024) | 20.0% | Mohali, Punjab, India |
To see the full peer comparison of Iplace India Private Limited, buy the company report.
Auditor
Iplace India Private Limited is audited by SUDIT K. PAREKH & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDIT K. PAREKH & CO. LLP | FY 2023 | 110512W/W100378 |
Shareholding
The shareholding of Iplace India 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iplace India Private Limited, buy the company report.
Legal cases
Iplace India Private Limited has 3 court cases on record: 2 filed by Iplace India, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against Be Additive KPO India Pvt Ltd and 4 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Disposed |
To see the full case history of Iplace India 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
Iplace India Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 44 overdue payments to 13 micro and small suppliers. 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 (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Proquest Consultancy Services Private Limited | |||
| Ansec Human Resource Services Limited | |||
| an individual supplier | |||
| Care Health Insurance Limited | |||
| Lunatech Telecom India Private Limited |
To see the full MSME payment records of Iplace India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Iplace India Private Limited has a workforce of 419 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Iplace India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6186L1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iplace India Private Limited, buy the company report.
Recent activity
Iplace India Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Sandeep Gopichand Deshmukh was appointed as Director on 28 Oct 2023.
Frequently asked questions
Iplace India 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 13 March 2000 (26+ years old) and is registered under CIN U72200PN2000PTC014589.
Iplace India has 3 current directors:
- Sandeep Gopichand Deshmukh - Director
- Sundeep Damani - Director
- Jitendra Vyas - Director
The latest financial statements of Iplace India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Iplace India is 27AAACI6186L1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iplace India is U72200PN2000PTC014589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iplace India has 3 court cases on record: 2 filed by the company and 1 filed against it.
Iplace India was incorporated on 13 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Iplace India by revenue are Sruthi Total HR Solutions Private Limited, Praj Companies Logistics Services Private Limited, Akar HR Management Private Limited, Talentpull and Infrastructure Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Sandeep Gopichand Deshmukh was appointed as Director on 28 Oct 2023. Howard Edward Levine ceased to be Additional Director on 04 Sep 2015. Jitendra Vyas ceased to be Additional Director on 04 Sep 2015. Iplace India has 9 board changes on record in total.
Iplace India has 12 MSME Form 1 returns on record between 2019 and 2023, listing 44 overdue payments to 13 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Iplace India can be reached through the website iplaceusa.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Iplace India is at 2nd Floor West Block Amanora Mall, Mundhwa – Kharadi Rd Amanora Park Town, Pune, Maharashtra, India – 411028.