About Phi Research Private Limited
Data last updated:
Phi Research Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 17 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2008PTC344287. Its GSTIN is 07AAECP1512H1ZS (Delhi). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.11 Lakh. It is led by directors including Sivaram Padmanabhan and Inderjeet Thareja.
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 C 98 Basement And Ground Floor Anand Niketan, New Delhi, Delhi, India – 110021.
As per the financials filed for FY 2025, the company reported a revenue of ₹74.5 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹50.99 Lakh (net margin 68.4%) and EBITDA of ₹67.83 Lakh (EBITDA margin 91.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phicapital.in.
Company details
CIN history
Phi Research has one previous CIN (Corporate Identification Number): U74140TN2008PTC066843. The current CIN is U74140DL2008PTC344287, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140DL2008PTC344287 | Current |
| U74140TN2008PTC066843 | Previous |
Contact details
Phi Research Private Limited's registered office is in New Delhi, Delhi. Its website is phicapital.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC 98 Basement And Ground Floor Anand Niketan, New Delhi, Delhi, India – 110021
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Phi Research 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
Financials of Phi Research Private Limited
FY 2025 filings availablePhi Research Private Limited reported revenue of ₹74.5 Lakh (up 275% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 275% growth in the latest year. EBITDA rose 881% 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 |
|---|---|---|---|---|---|
| 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 | ₹67.83 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.99 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.1% | ||||
| Net Profit Margin | 68.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Phi Research Private Limited, buy the company report.
Board of directors of Phi Research Private Limited
Phi Research has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivaram Padmanabhan Also directs: Phi Capital Solutions LLP, Phi Capital Management LLP, Phi Capital Services LLP and 2 more | Director | 23 Mar 2018 | 8 Years 7 Months | Current |
| Inderjeet Thareja Also directs: Phi Capital Solutions LLP, Phi Capital Management LLP, Phi Advisors Private Limited and 3 more | Director | 17 Mar 2008 | 18 Years 7 Months | Current |
| Anupam Thareja Also directs: Phi Capital Solutions LLP, Phi Capital Management LLP, Phi Capital Services LLP and 5 more | Director | 17 Mar 2008 | 18 Years 7 Months | Current |
Peer comparison
Phi Research Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| International Quality Management Services Private Limited | ₹74.52 Lakh (FY 2024) | 51.0% | Faridabad, Haryana, India | |||
| Ascensio Ventures Private Limited | ₹74.52 Lakh (FY 2025) | 13.0% | Bangalore, Karnataka, India | |||
| Phi Research Private Limitedthis company | ₹74.5 Lakh (FY 2025) | ₹50.99 Lakh | 68.4% | 275.0% | New Delhi, Delhi, India | |
| Integrated Capital Services Limited | ₹74.42 Lakh (FY 2025) | 22.0% | New Delhi, Delhi, India |
To see the full peer comparison of Phi Research Private Limited, buy the company report.
Auditor
Phi Research Private Limited is audited by ANIL K. GOYAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL K. GOYAL & ASSOCIATES | FY 2023 | 04558N |
Shareholding
The shareholding of Phi Research 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 Phi Research Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Phi Research Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Phi Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phi Research has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECP1512H1ZS | Delhi | Active | 01 Jun 2019 |
| 07AAECP7017M1Z5 | Delhi | Active | 01 Jun 2019 |
| 33AAECP1512H1ZX | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAECP7017M1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phi Research Private Limited, buy the company report.
Recent activity
Phi Research Private Limited has 3 board changes on record since 2008: 3 appointments. The latest: Sivaram Padmanabhan was appointed as Director on 23 Mar 2018.
News
Frequently asked questions
Phi Research is an active private limited company based in New Delhi, Delhi, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 17 March 2008 (18+ years old) and is registered under CIN U74140DL2008PTC344287.
Phi Research has 3 current directors:
- Sivaram Padmanabhan - Director
- Inderjeet Thareja - Director
- Anupam Thareja - Director
The latest financial statements of Phi Research 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 2015 are in the company report.
The GSTIN of Phi Research is 07AAECP1512H1ZS, registered in Delhi. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 07AAECP7017M1Z5 (Delhi), 33AAECP1512H1ZX (Tamil Nadu), 33AAECP7017M1ZA (Tamil Nadu).
The CIN (Corporate Identification Number) of Phi Research is U74140DL2008PTC344287. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phi Research was incorporated on 17 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Phi Research by revenue are International Quality Management Services Private Limited, Ascensio Ventures Private Limited, Integrated Capital Services Limited, all in the Outsourcing industry (Consulting Services), with the same principal business activity (management consultancy activities).
Sivaram Padmanabhan was appointed as Director on 23 Mar 2018. Anupam Thareja was appointed as Director on 17 Mar 2008. Inderjeet Thareja was appointed as Director on 17 Mar 2008.
Phi Research can be reached through the website phicapital.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Phi Research is at C 98 Basement And Ground Floor Anand Niketan, New Delhi, Delhi, India – 110021.
Phi Research operates in the business outsourcing industry, in the business and IT consulting segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
