About Persol India Private Limited
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Persol India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Bti Consultants (India) Private Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 10 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2001PTC029517. Its GSTIN is 29AABCK6665K1ZZ (Karnataka). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹81 Lakh. It was formerly known as Kelly Services India Private Limited. It is led by directors including Buttianda Nanjappa Thammaiah and Sanjeev Jha.
Its last annual general meeting (AGM) was held on 01 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sriram Samanthu Chambers No. 3287 12th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2026, the company reported a revenue of ₹795.2 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.01 Cr (net margin -0.3%) and EBITDA of -₹1.55 Cr (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 12% over five years.
The company has about 15,751 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Kelly Services India, PersolKelly and Kelly Services. Court records list 11 cases involving the company, including 4 filed by the company and 7 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 persolkelly.co.in.
Company details
Name history
Persol India has undergone 2 name changes throughout its history. The company was previously known as Kelly Services India Private Limited, and Persol India Private Limited. The current legal name is Persol India Private Limited.
| Company Name | Status |
|---|---|
| Persol India Private Limited | Current |
| Kelly Services India Private Limited | Previous |
Contact details
Persol India Private Limited's registered office is in Bangalore, Karnataka. Its website is persolkelly.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSriram Samanthu Chambers No. 3287 12th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Persol 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
Persol India operates multiple associated brands including Kelly Services India, PersolKelly, and Kelly Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online job board to connect job seekers with employment opportunities. | kellyservices.co.in | |
| Offers comprehensive payroll, recruitment, and HR consulting services to organizations. | persolkelly.com | |
| Outsourced human resources services are provided globally by Kelly Services. | kellyservices.com |
Business activity
The main business activity of Persol 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 Persol India Private Limited, buy the company report.
Financials of Persol India Private Limited
FY 2026 filings availablePersol India Private Limited reported revenue of ₹795.2 Cr (up 6% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 6% growth 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹795.2 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.01 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Persol India Private Limited, buy the company report.
Board of directors of Persol India Private Limited
Persol India has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Buttianda Nanjappa Thammaiah Also directs: Bti Consultants (India) Private Limited | Director | 05 Jan 2017 | 9 Years 9 Months | Current |
| Sanjeev Jha Also directs: Bti Consultants (India) Private Limited | Director | 15 Nov 2012 | 13 Years 11 Months | Current |
| See Yang Foo | Additional Director | 11 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Persol India Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Gi Staffing Services Private Limited | ₹890.04 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Ascendion Engineering Private Limited | ₹840.19 Cr (FY 2025) | 29.0% | Vadodara, Gujarat, India | |||
| Persol India Private Limitedthis company | ₹795.2 Cr (FY 2026) | -₹2.01 Cr | -0.3% | 6.0% | 15,751 | Bangalore, Karnataka, India |
| Bti Consultants (India) Private Limited | ₹772.39 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Apex Infralink Limited | ₹695.52 Cr (FY 2024) | 17.0% | Jamnagar, Gujarat, India | |||
| Futurz Staffing Solutions Private Limited | ₹686.11 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| PSN Supply Chain Solutions Private Limited | ₹671.28 Cr (FY 2025) | 17.0% | Dahishar, Maharashtra, India |
To see the full peer comparison of Persol India Private Limited, buy the company report.
Auditor
Persol India Private Limited is audited by M S K A & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2024 | 105047W |
Shareholding
The shareholding of Persol India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Persol India Private Limited, buy the company report.
Legal cases
Persol India Private Limited has 11 court cases on record: 4 filed by Persol India, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 7 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd, Through Its Autho. Officer- Mr. Tusharbhai Bachubhai Patel | Disposed |
| Bombay High Court | Appeal | Filed by the company against Etisalat DB Telecom Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra Through Baddal Kanaage | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Persol 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
No delayed payments to MSME suppliers are on our record for Persol India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Persol India Private Limited has a workforce of 15,751 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
GST
Persol India has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCK6665K1ZZ | Karnataka | Active | 01 Jul 2017 |
| 06AABCK6665K1Z7 | Haryana | Active | 01 Jul 2017 |
| 27AABCK6665K2Z2 | Maharashtra | Active | 01 Jul 2017 |
| 33AABCK6665K1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Persol India Private Limited, buy the company report.
Recent activity
Persol India Private Limited has 22 board changes on record since 2007: 3 appointments and 19 cessations. The latest: See Yang Foo was appointed as Additional Director on 11 May 2026.
13 earlier events are in the company report.
News
Frequently asked questions
Persol India is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 10 September 2001 (25+ years old) and is registered under CIN U74910KA2001PTC029517.
Persol India has 3 current directors:
- Buttianda Nanjappa Thammaiah - Director
- Sanjeev Jha - Director
- See Yang Foo - Additional Director
The latest financial statements of Persol India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 01 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Persol India is 29AABCK6665K1ZZ, registered in Karnataka. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 06AABCK6665K1Z7 (Haryana), 27AABCK6665K2Z2 (Maharashtra), 33AABCK6665K1ZA (Tamil Nadu).
The CIN (Corporate Identification Number) of Persol India is U74910KA2001PTC029517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Persol India has 11 court cases on record: 4 filed by the company and 7 filed against it. Most are in the district courts.
Persol India was incorporated on 10 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Persol India by revenue are Gi Staffing Services Private Limited, Ascendion Engineering Private Limited, Bti Consultants (India) Private Limited, Apex Infralink Limited, Futurz Staffing Solutions Private Limited and 1 more, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
See Yang Foo was appointed as Additional Director on 11 May 2026. Richard Francis Wallace ceased to be Director on 01 Mar 2022. Sanjeev Jha ceased to be Director on 25 Apr 2019. Persol India has 22 board changes on record in total.
Persol India can be reached through the website persolkelly.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Persol India is at Sriram Samanthu Chambers No. 3287 12th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.