About Aarvi Encon Limited
Data last updated: 27 September 2026
Aarvi Encon Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in HR outsourcing and talent management, a part of the broader business process outsourcing sector. Incorporated on 03 December 1987, the company has been in operation for over 39 years.
Registered with ROC Mumbai under CIN L29290MH1987PLC045499. Listed on NSE: AARVI.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.84 Cr. Formerly known as Aarvi Encon Private Limited and Aarvi Encon P Limited. It is led by directors including Jaydev Virendra Sanghavi and Virendra Dalpatram Sanghavi.
Last AGM: 08 August 2025. Financial statements filed for year ended 31 March 2025. Office: 603 B1 Wing Marathon Innova Marathon Nextgen Complex Lower Parel(W), Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹649.85 Cr, a growth of 27.32% compared to the previous year. The net worth stands at ₹142.07 Cr (up 13.37% YoY). Total assets are valued at ₹175.5 Cr (up 12.42% YoY).
The company has a workforce of approximately 4,807 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Aarvi. As per MCA filings, the company has open charges of ₹82.5 Cr and satisfied charges of ₹16.24 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aarviencon.com.
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EmailLocked
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Website
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Registered Address603 B1 Wing Marathon Innova Marathon Nextgen Complex Lower Parel(W), Mumbai, Maharashtra, India – 400013
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IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Aarvi Encon Limited
Aarvi Encon Limited has undergone 2 name changes throughout its history. The company was previously known as Aarvi Encon Private Limited, and Aarvi Encon P Limited. The current legal name is Aarvi Encon Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Aarvi Encon Limited | Current |
| Aarvi Encon Private Limited | Previous |
| Aarvi Encon P Limited | Previous |
CIN History of Aarvi Encon Limited
Aarvi Encon Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29290MH1987PLC045499, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29290MH1987PLC045499 | Current |
| U29290MH1987PLC045499 | Previous |
| U29290MH1987PTC045499 | Previous |
Associated Brands with Aarvi Encon Limited
Aarvi Encon Limited operates one associated brand: Aarvi. These brands represent Aarvi Encon Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Staffing, recruitment, project management, and manpower outsourcing services are offered. | aarviencon.com |
Competitors & Alternatives of Aarvi Encon Limited
Brands and companies operating in the same space as Aarvi Encon Limited include TeamLease, Xpheno, PageGroup and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Staffing and recruiting services connect employers with job candidates. | Bengaluru, India, India | 2000 |
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Provider of recruitment and technology consulting services | Bengaluru, India, India | 2016 |
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Recruitment consultancy services are provided to businesses and professionals. | Weybridge, United Kingdom, United Kingdom | 1976 |
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Online candidate assistance is provided through tools and training platforms. | Bengaluru, India, India | 2019 |
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Recruitment services and job searches are facilitated across UK industries. | Addlestone, United Kingdom, United Kingdom | 1976 |
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Sales, recruitment, payroll, and learning management services are provided. | Noida, India, India | 2000 |
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Provider of HR consulting services | Noida, India, India | 2008 |
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Recruitment process outsourcing services are provided to clients. | Chennai, India, India | 2005 |
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Provider of recruitment and staffing services | Delhi, India, India | 2005 |
Business Activity of Aarvi Encon Limited
Aarvi Encon Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Aarvi Encon Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Aarvi Encon Limited
Aarvi Encon Limited is audited by Jay Shah & Associates. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jay Shah & Associates. | Locked | Locked | Locked |
Complete auditor history for Aarvi Encon Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Aarvi Encon Limited
Aarvi Encon Limited is currently managed by 6 directors, with 8 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Jaydev Virendra Sanghavi
Also directs:
Aarvi Encon Limited, Cyber O2 Private Limited, Aarvi Engineering & Consultants Private Limited and 2 more
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Director | 09 Nov 2005 | 20 Years 10 Months | Current |
| Virendra Dalpatram Sanghavi | Managing Director | 03 Dec 1987 | 38 Years 9 Months | Current |
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Ramamoorthy Ramachandran
Also directs:
Aarvi Encon Limited
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Director | 23 Jan 2023 | 3 Years 8 Months | Current |
| Sonal Nitin Doshi | Director | 03 Jun 2017 | 9 Years 3 Months | Current |
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Devendra Jashwantrai Shrimanker
Also directs:
Citadel Realty And Developers Limited, Aarvi Encon Limited, Marathon Nextgen Realty Limited and 1 more
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Director | 03 Jun 2017 | 9 Years 3 Months | Current |
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Jagat Suresh Parikh
Also directs:
Aarvi Encon Limited, Beetle Ventures Private Limited, Walchand Advanced Composites Private Limited and 2 more
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Director | 02 Feb 2026 | 0 Years 7 Months | Current |
Financials of Aarvi Encon Limited FY 2025-26 filings available
Aarvi Encon Limited reported revenue of ₹649.85 Cr (up 27.32% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 650 | 510 | 406 | 437 | 289 | 202 | 218 |
| Revenue growth | +26.7% | +26.2% | -6.1% | +52.1% | +43.4% | -7.9% | +7.1% |
| EBITDA | 21.50 | 14.24 | 12.92 | 17.71 | 13.23 | 9.74 | 9.44 |
| EBITDA margin | +3.3% | +2.8% | +3.2% | +4.1% | +4.6% | +4.8% | +4.3% |
| Profit before tax | 19.93 | 11.24 | 12.11 | 15.66 | 12.15 | 10.32 | 6.95 |
| Net profit | 17.99 | 10.00 | 11.35 | 15.25 | 12.24 | 10.48 | 7.16 |
| Net profit margin | +2.8% | +2.0% | +2.8% | +3.5% | +4.2% | +5.2% | +3.3% |
| EPS (₹) | 11.90 | 6.78 | 7.67 | 9.82 | 8.16 | 7.08 | 4.86 |
| Balance sheet | |||||||
| Total assets | 176 | 156 | 128 | 112 | 103 | 89.91 | 86.97 |
| Net worth | 142 | 125 | 117 | 108 | 94.69 | 85.07 | 76.32 |
| Total debt | 26.70 | 26.78 | 9.75 | 3.40 | 6.43 | 3.54 | 9.60 |
| Cash & bank | 12.32 | 9.47 | 23.33 | 6.67 | 7.26 | 20.59 | 6.48 |
| Net working capital | 109 | 100 | 91.34 | 66.84 | 57.97 | 53.83 | 39.79 |
| Cash flow | |||||||
| Cash from operations | 8.05 | (2.40) | 3.14 | 3.21 | (10.41) | 16.97 | 3.70 |
| Cash from investing | 0.36 | (12.64) | 1.15 | (0.12) | 0.11 | 2.04 | (0.44) |
| Cash from financing | (5.94) | 11.07 | 2.01 | (3.77) | (1.08) | (7.47) | (1.92) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 173 | 172 | 167 | 159 | 151 | 144 | 132 | 121 |
| Revenue growth (YoY) | +14.1% | +19.3% | +27.2% | +31.3% | +33.5% | +40.1% | +31.8% | +18.3% |
| Other income | 3.02 | 0.80 | 0.46 | 0.65 | 0.68 | 0.49 | 0.46 | 1.04 |
| EBITDA | 4.49 | 6.81 | 4.69 | 5.58 | 4.93 | 4.44 | 3.64 | 2.00 |
| EBITDA margin | +2.6% | +4.0% | +2.8% | +3.5% | +3.3% | +3.1% | +2.8% | +1.7% |
| Depreciation | 0.52 | 0.48 | 0.46 | 0.44 | 0.39 | 0.50 | 0.47 | 0.31 |
| Interest | 0.75 | 0.71 | 0.69 | 0.71 | 0.78 | 0.83 | 0.79 | 0.79 |
| Profit before tax | 6.24 | 6.42 | 4.00 | 5.08 | 4.44 | 3.60 | 2.84 | 1.94 |
| Tax | 0.25 | 1.83 | (0.03) | 0.29 | 0.22 | 0.66 | 0.46 | (0.17) |
| Net profit | 5.99 | 4.59 | 4.03 | 4.79 | 4.22 | 2.94 | 2.38 | 2.11 |
| EPS (₹) | 4.01 | 3.07 | 2.69 | 3.22 | 2.83 | 1.98 | 1.59 | 1.42 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 570 | 464 | 378 | 383 | 275 | 190 | 191 |
| Revenue growth | +22.7% | +23.7% | +0.1% | +40.1% | +43.7% | -1.9% | +1.0% |
| EBITDA | 13.94 | 11.06 | 11.43 | 17.00 | 13.44 | 7.94 | 6.01 |
| EBITDA margin | +2.5% | +2.4% | +3.0% | +4.4% | +4.9% | +4.2% | +3.1% |
| Profit before tax | 13.02 | 8.63 | 11.03 | 15.30 | 12.39 | 8.51 | 3.56 |
| Net profit | 11.77 | 7.69 | 10.35 | 14.08 | 12.48 | 8.66 | 3.77 |
| Net profit margin | +2.1% | +1.7% | +2.7% | +3.7% | +4.6% | +4.6% | +2.0% |
| EPS (₹) | 7.70 | 5.22 | 7.00 | 9.55 | 8.33 | 5.85 | 2.56 |
| Balance sheet | |||||||
| Total assets | 149 | 138 | 113 | 97.61 | 89.88 | 77.27 | 75.72 |
| Net worth | 116 | 107 | 101 | 93.75 | 81.83 | 72.43 | 65.14 |
| Total debt | 26.70 | 26.78 | 9.75 | 3.40 | 6.43 | 3.54 | 9.53 |
| Cash & bank | 4.46 | 6.00 | 13.09 | 2.49 | 3.01 | 13.08 | 1.64 |
| Net working capital | 78.71 | 79.22 | 71.86 | 50.16 | 46.63 | 42.69 | 30.48 |
| Cash flow | |||||||
| Cash from operations | 3.39 | 3.84 | (3.20) | 6.74 | (7.51) | 14.42 | (0.89) |
| Cash from investing | 0.61 | (12.13) | 1.50 | (0.34) | 0.18 | 1.84 | 0.28 |
| Cash from financing | (5.93) | 11.07 | 1.92 | (7.00) | (0.78) | (7.40) | (1.93) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 149 | 146 | 140 | 135 | 129 | 120 | 110 |
| Revenue growth (YoY) | +14.6% | +15.6% | +21.9% | +26.6% | +28.8% | +32.6% | +28.2% | +16.1% |
| Other income | 3.13 | 1.13 | 0.57 | 0.94 | 0.57 | 0.70 | 0.92 | 0.81 |
| Total expenses | 150 | 145 | 143 | 136 | 131 | 126 | 118 | 109 |
| EBITDA | 4.23 | 4.85 | 2.71 | 3.43 | 3.47 | 3.78 | 2.16 | 1.54 |
| EBITDA margin | +2.7% | +3.2% | +1.9% | +2.5% | +2.6% | +2.9% | +1.8% | +1.4% |
| Depreciation | 0.52 | 0.48 | 0.46 | 0.43 | 0.38 | 0.49 | 0.47 | 0.31 |
| Interest | 0.74 | 0.70 | 0.69 | 0.71 | 0.77 | 0.83 | 0.79 | 0.79 |
| Profit before tax | 6.10 | 4.80 | 2.13 | 3.23 | 2.89 | 3.16 | 1.82 | 1.25 |
| Tax | 0.24 | 1.59 | (0.21) | 0.10 | 0.14 | 0.34 | 0.46 | (0.17) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 173 | 172 | 167 | 159 | 151 | 144 | 132 | 121 |
| Revenue growth (YoY) | +14.1% | +19.3% | +27.2% | +31.3% | +33.5% | +40.1% | +31.8% | +18.3% |
| Other income | 3.02 | 0.80 | 0.46 | 0.65 | 0.68 | 0.49 | 0.46 | 1.04 |
| EBITDA | 4.49 | 6.81 | 4.69 | 5.58 | 4.93 | 4.44 | 3.64 | 2.00 |
| EBITDA margin | +2.6% | +4.0% | +2.8% | +3.5% | +3.3% | +3.1% | +2.8% | +1.7% |
| Depreciation | 0.52 | 0.48 | 0.46 | 0.44 | 0.39 | 0.50 | 0.47 | 0.31 |
| Interest | 0.75 | 0.71 | 0.69 | 0.71 | 0.78 | 0.83 | 0.79 | 0.79 |
| Profit before tax | 6.24 | 6.42 | 4.00 | 5.08 | 4.44 | 3.60 | 2.84 | 1.94 |
| Tax | 0.25 | 1.83 | (0.03) | 0.29 | 0.22 | 0.66 | 0.46 | (0.17) |
| Net profit | 5.99 | 4.59 | 4.03 | 4.79 | 4.22 | 2.94 | 2.38 | 2.11 |
| EPS (₹) | 4.01 | 3.07 | 2.69 | 3.22 | 2.83 | 1.98 | 1.59 | 1.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 650 | 510 | 406 | 437 | 289 | 202 | 218 |
| Revenue growth | +26.7% | +26.2% | -6.1% | +52.1% | +43.4% | -7.9% | +7.1% |
| Other income | 3.39 | 2.48 | 2.33 | 1.31 | 1.18 | 2.30 | 0.60 |
| Total expenses | 628 | 496 | 393 | 419 | 275 | 192 | 209 |
| Employee cost | 485 | 374 | 290 | 288 | 213 | 154 | 143 |
| EBITDA | 21.50 | 14.24 | 12.92 | 17.71 | 13.23 | 9.74 | 9.44 |
| EBITDA margin | +3.3% | +2.8% | +3.2% | +4.1% | +4.6% | +4.8% | +4.3% |
| Depreciation | 1.77 | 1.57 | 1.27 | 1.23 | 1.02 | 0.97 | 1.24 |
| Interest | 3.19 | 3.91 | 1.87 | 2.13 | 1.24 | 0.75 | 1.85 |
| Profit before tax | 19.93 | 11.24 | 12.11 | 15.66 | 12.15 | 10.32 | 6.95 |
| Tax | 2.31 | 1.17 | 0.76 | 1.16 | 0.08 | (0.16) | (0.23) |
| Net profit | 17.99 | 10.00 | 11.35 | 15.25 | 12.24 | 10.48 | 7.16 |
| Net profit margin | +2.8% | +2.0% | +2.8% | +3.5% | +4.2% | +5.2% | +3.3% |
| EPS (₹) | 11.90 | 6.78 | 7.67 | 9.82 | 8.16 | 7.08 | 4.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.81 | 14.81 | 14.78 | 14.78 | 14.78 | 14.78 | 14.78 |
| Reserves & surplus | 126 | 110 | 102 | 93.28 | 79.91 | 70.29 | 61.54 |
| Shareholders' funds (net worth) | 142 | 125 | 117 | 108 | 94.69 | 85.07 | 76.32 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 26.70 | 26.78 | 9.75 | 3.40 | 6.43 | 3.54 | 8.85 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.75 |
| Total debt | 26.70 | 26.78 | 9.75 | 3.40 | 6.43 | 3.54 | 9.60 |
| Total liabilities | 176 | 156 | 128 | 112 | 103 | 89.91 | 86.97 |
| Assets | |||||||
| Gross block | 27.91 | 27.57 | 18.67 | 17.85 | 17.12 | 17.75 | 18.47 |
| Net block | 16.86 | 17.70 | 9.65 | 10.10 | 10.14 | 10.21 | 11.39 |
| Capital work in progress | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.12 |
| Investments | 4.94 | 5.52 | 0.40 | 0.37 | 0.36 | 0.34 | 0.32 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 102 | 115 | 82.97 | 95.03 | 81.01 | 53.43 | 58.03 |
| Cash & bank balances | 12.32 | 9.47 | 23.33 | 6.67 | 7.26 | 20.59 | 6.48 |
| Loans & advances | 55.38 | 32.16 | 27.85 | 11.29 | 15.63 | 9.76 | 6.02 |
| Total current assets | 170 | 157 | 134 | 113 | 104 | 83.78 | 70.53 |
| Total current liabilities | 61.23 | 56.63 | 42.81 | 46.15 | 45.93 | 29.95 | 30.74 |
| Net working capital | 109 | 100 | 91.34 | 66.84 | 57.97 | 53.83 | 39.79 |
| Total assets | 176 | 156 | 128 | 112 | 103 | 89.91 | 86.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.70 | 10.68 | 4.39 | 5.07 | 16.45 | 4.92 | 3.58 |
| Net cash from operating activities | 8.05 | (2.40) | 3.14 | 3.21 | (10.41) | 16.97 | 3.70 |
| Net cash from investing activities | 0.36 | (12.64) | 1.15 | (0.12) | 0.11 | 2.04 | (0.44) |
| Net cash from financing activities | (5.94) | 11.07 | 2.01 | (3.77) | (1.08) | (7.47) | (1.92) |
| Net change in cash | 2.46 | (3.98) | 6.30 | (0.68) | (11.38) | 11.53 | 1.33 |
| Closing cash | 12.32 | 9.47 | 23.33 | 6.67 | 7.26 | 20.59 | 6.48 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +27.3% | +25.7% | -7.0% | +51.3% | +43.0% | -7.5% | +5.8% |
| EBITDA growth | +51.0% | +10.2% | -27.1% | +33.9% | +35.8% | +3.2% | -16.7% |
| PBT growth | +77.3% | -7.2% | -22.7% | +28.9% | +17.7% | +48.5% | -31.3% |
| Net income growth | +79.9% | -11.9% | -25.6% | +24.6% | +16.8% | +46.4% | -12.5% |
| Revenue CAGR (3Y) | +14.2% | +20.9% | +26.3% | +26.0% | +11.9% | +5.2% | +12.5% |
| EBITDA CAGR (3Y) | +6.7% | +2.5% | +9.9% | +23.3% | +5.3% | -0.6% | -0.0% |
| Profitability & leverage | |||||||
| Net income margin | +2.7% | +2.0% | +2.8% | +3.3% | +4.2% | +5.2% | +3.3% |
| Return on capital employed | +13.9% | +10.7% | +11.7% | +16.6% | +13.9% | +12.5% | +10.5% |
| Return on net worth | +13.2% | +8.3% | +10.1% | +14.3% | +13.4% | +13.0% | +9.8% |
| Debt / equity | 0.20 | 0.15 | 0.06 | 0.05 | 0.06 | 0.08 | 0.12 |
| Long-term debt / equity | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Interest cover | 16.17 | 30.86 | 16.05 | 12.92 | 10.16 | 8.55 | 22.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 23.43 | 22.08 | 22.24 | 24.97 | 16.55 | 11.14 | 10.62 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 5.97 | 5.14 | 4.56 | 4.96 | 4.29 | 3.62 | 4.08 |
| EPS (₹) | 11.90 | 6.78 | 7.67 | 9.82 | 8.16 | 7.08 | 4.86 |
| Dividend per share (₹) | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.50 | 1.00 |
| Book value per share (₹) | 94.90 | 83.98 | 78.75 | 73.09 | 64.05 | 57.54 | 51.63 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 149 | 146 | 140 | 135 | 129 | 120 | 110 |
| Revenue growth (YoY) | +14.6% | +15.6% | +21.9% | +26.6% | +28.8% | +32.6% | +28.2% | +16.1% |
| Other income | 3.13 | 1.13 | 0.57 | 0.94 | 0.57 | 0.70 | 0.92 | 0.81 |
| Total expenses | 150 | 145 | 143 | 136 | 131 | 126 | 118 | 109 |
| EBITDA | 4.23 | 4.85 | 2.71 | 3.43 | 3.47 | 3.78 | 2.16 | 1.54 |
| EBITDA margin | +2.7% | +3.2% | +1.9% | +2.5% | +2.6% | +2.9% | +1.8% | +1.4% |
| Depreciation | 0.52 | 0.48 | 0.46 | 0.43 | 0.38 | 0.49 | 0.47 | 0.31 |
| Interest | 0.74 | 0.70 | 0.69 | 0.71 | 0.77 | 0.83 | 0.79 | 0.79 |
| Profit before tax | 6.10 | 4.80 | 2.13 | 3.23 | 2.89 | 3.16 | 1.82 | 1.25 |
| Tax | 0.24 | 1.59 | (0.21) | 0.10 | 0.14 | 0.34 | 0.46 | (0.17) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 570 | 464 | 378 | 383 | 275 | 190 | 191 |
| Revenue growth | +22.7% | +23.7% | +0.1% | +40.1% | +43.7% | -1.9% | +1.0% |
| Other income | 4.00 | 3.04 | 2.72 | 1.61 | 1.21 | 2.29 | 0.62 |
| Total expenses | 556 | 453 | 366 | 366 | 261 | 182 | 185 |
| Employee cost | 437 | 347 | 285 | 285 | 212 | 152 | 140 |
| EBITDA | 13.94 | 11.06 | 11.43 | 17.00 | 13.44 | 7.94 | 6.01 |
| EBITDA margin | +2.5% | +2.4% | +3.0% | +4.4% | +4.9% | +4.2% | +3.1% |
| Depreciation | 1.76 | 1.56 | 1.25 | 1.19 | 1.02 | 0.97 | 1.22 |
| Interest | 3.16 | 3.91 | 1.87 | 2.12 | 1.24 | 0.75 | 1.85 |
| Profit before tax | 13.02 | 8.63 | 11.03 | 15.30 | 12.39 | 8.51 | 3.56 |
| Tax | 1.61 | 0.87 | 0.68 | 1.18 | 0.08 | (0.15) | (0.23) |
| Net profit | 11.77 | 7.69 | 10.35 | 14.08 | 12.48 | 8.66 | 3.77 |
| Net profit margin | +2.1% | +1.7% | +2.7% | +3.7% | +4.6% | +4.6% | +2.0% |
| EPS (₹) | 7.70 | 5.22 | 7.00 | 9.55 | 8.33 | 5.85 | 2.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.81 | 14.81 | 14.78 | 14.78 | 14.78 | 14.78 | 14.78 |
| Reserves & surplus | 101 | 92.28 | 86.50 | 78.97 | 67.05 | 57.65 | 50.36 |
| Shareholders' funds (net worth) | 116 | 107 | 101 | 93.75 | 81.83 | 72.43 | 65.14 |
| Secured loans | 26.70 | 26.78 | 9.75 | 3.40 | 6.43 | 3.54 | 8.85 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.68 |
| Total debt | 26.70 | 26.78 | 9.75 | 3.40 | 6.43 | 3.54 | 9.53 |
| Total liabilities | 149 | 138 | 113 | 97.61 | 89.88 | 77.27 | 75.72 |
| Assets | |||||||
| Gross block | 27.33 | 26.99 | 18.10 | 17.34 | 16.61 | 17.30 | 18.02 |
| Net block | 16.59 | 17.43 | 9.38 | 9.87 | 9.87 | 10.00 | 11.17 |
| Capital work in progress | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.12 |
| Investments | 5.60 | 6.09 | 1.00 | 0.89 | 0.67 | 0.67 | 0.67 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 81.04 | 96.35 | 71.75 | 78.74 | 69.24 | 48.72 | 48.34 |
| Cash & bank balances | 4.46 | 6.00 | 13.09 | 2.49 | 3.01 | 13.08 | 1.64 |
| Loans & advances | 49.48 | 28.08 | 26.53 | 10.83 | 15.48 | 9.51 | 5.96 |
| Total current assets | 135 | 130 | 111 | 92.06 | 87.73 | 71.31 | 55.94 |
| Total current liabilities | 56.27 | 51.21 | 39.51 | 41.90 | 41.10 | 28.62 | 25.46 |
| Net working capital | 78.71 | 79.22 | 71.86 | 50.16 | 46.63 | 42.69 | 30.48 |
| Total assets | 149 | 138 | 113 | 97.61 | 89.88 | 77.27 | 75.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.23 | 0.44 | 0.21 | 0.82 | 8.94 | 0.08 | 2.62 |
| Net cash from operating activities | 3.39 | 3.84 | (3.20) | 6.74 | (7.51) | 14.42 | (0.89) |
| Net cash from investing activities | 0.61 | (12.13) | 1.50 | (0.34) | 0.18 | 1.84 | 0.28 |
| Net cash from financing activities | (5.93) | 11.07 | 1.92 | (7.00) | (0.78) | (7.40) | (1.93) |
| Net change in cash | (1.92) | 2.79 | 0.23 | (0.60) | (8.12) | 8.86 | (2.54) |
| Closing cash | 4.46 | 6.00 | 13.09 | 2.49 | 3.01 | 13.08 | 1.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +22.8% | +22.9% | -1.3% | +39.4% | +44.7% | -0.8% | -0.4% |
| EBITDA growth | +26.0% | -3.2% | -32.8% | +26.5% | +69.3% | +32.1% | -30.0% |
| PBT growth | +50.9% | -21.8% | -27.9% | +23.5% | +45.6% | +139.0% | -52.0% |
| Net income growth | +53.1% | -25.7% | -26.5% | +12.8% | +44.1% | +129.7% | -31.3% |
| Revenue CAGR (3Y) | +14.2% | +19.1% | +25.8% | +26.0% | +12.7% | +3.9% | +9.4% |
| EBITDA CAGR (3Y) | -6.4% | -6.3% | +12.9% | +41.4% | +16.1% | -3.0% | -7.3% |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +1.7% | +2.7% | +3.7% | +4.5% | +4.6% | +2.0% |
| Return on capital employed | +11.3% | +10.0% | +12.3% | +18.6% | +16.3% | +12.1% | +7.2% |
| Return on net worth | +10.2% | +7.4% | +10.6% | +16.1% | +16.0% | +12.6% | +5.9% |
| Debt / equity | 0.24 | 0.18 | 0.07 | 0.06 | 0.06 | 0.09 | 0.14 |
| Long-term debt / equity | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Interest cover | 25.94 | 41.16 | 18.37 | 13.41 | 9.98 | 10.76 | 38.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 20.98 | 20.58 | 21.31 | 22.54 | 16.19 | 10.74 | 9.52 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.43 | 5.52 | 5.02 | 5.17 | 4.65 | 3.91 | 4.22 |
| EPS (₹) | 7.70 | 5.22 | 7.00 | 9.55 | 8.33 | 5.85 | 2.56 |
| Dividend per share (₹) | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.50 | 1.00 |
| Book value per share (₹) | 78.12 | 72.30 | 68.51 | 63.42 | 55.35 | 49.00 | 44.06 |
Shareholding Pattern of Aarvi Encon Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 73.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 26.60% of Aarvi Encon Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 73.40% | 73.50% | 73.50% | 73.50% |
| Public | 26.60% | 26.50% | 26.50% | 26.50% |
Group Structure of Aarvi Encon Limited
Aarvi Encon Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Aarvi Encon Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Aarvi Engineering & Consults Private Limited | U74140MH2007PTC171010 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Aarvi Encon Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 May 2024 | Others | ₹5 Cr | Open |
| 15 Sep 2020 | Hdfc Bank Limited | ₹15 Cr | Open |
| 15 Nov 2018 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Open |
| 02 Sep 2007 | Yes Bank Limited | ₹37.5 Cr | Open |
| 12 Dec 2018 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Cr | Satisfied |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Aarvi Encon Limited
Aarvi Encon Limited has a workforce of 4,807 employees as of Mar 29, 2024.
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GST Compliance of Aarvi Encon Limited
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Credit Ratings, Litigation & Regulatory Alerts for Aarvi Encon Limited
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MSME Payment Delays by Aarvi Encon Limited
MSME payment history for Aarvi Encon Limited
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Subsidiaries & Group Companies of Aarvi Encon Limited
Corporate group structure for Aarvi Encon Limited
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MCA Filings & Documents of Aarvi Encon Limited
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Recent Activity on Aarvi Encon Limited
Frequently Asked Questions about Aarvi Encon Limited
Aarvi Encon Limited is an active public limited company in the business outsourcing sector based in Mumbai, Maharashtra, India. It was incorporated on 03 December 1987 (39+ years old) and is registered under CIN L29290MH1987PLC045499. Listed on NSE: AARVI. The company has 4,807 employees.
Aarvi Encon Limited reported revenue of ₹649.85 Cr for FY 2025-26 (up 27.32% YoY) based on consolidated financials.
The current directors of Aarvi Encon Limited are:
- Jaydev Virendra Sanghavi - Director
- Virendra Dalpatram Sanghavi - Managing Director
- Ramamoorthy Ramachandran - Director
- Sonal Nitin Doshi - Director
- Devendra Jashwantrai Shrimanker - Director
- Jagat Suresh Parikh - Director
The primary industry of Aarvi Encon Limited is business outsourcing. The company specifically operates in HR outsourcing and talent management. The company is currently active in this sector.
Yes. Aarvi Encon Limited is listed on NSE with symbol AARVI.
Aarvi Encon Limited can be reached at the registered office: 603 B1 Wing Marathon Innova Marathon Nextgen Complex Lower ParelW, Mumbai, Maharashtra, India – 400013, or through the website aarviencon.com.