Aarvi Encon Limited

NSE: AARVI
Aarvi Encon Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L29290MH1987PLC045499 Incorporated 03 December 1987 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: AARVI Public Limited Company business outsourcing
Data last updated
Revenue · FY 2026
₹649.85 Cr
▲ 27.32% YoY
Computed EBITDA · FY 2026
₹24.93 Cr
▲ 57.12% YoY
Net profit · FY 2026
₹17.62 Cr
▲ 75.42% YoY
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹14.84 Cr
Issued & subscribed
Open charges
₹82.5 Cr
Satisfied ₹16.24 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
4,807
Latest available

About Aarvi Encon Limited

Data last updated: 14 July 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 NSE-filed consolidated financials for FY 2026, 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 13.36% YoY). Total assets are valued at ₹236.95 Cr (up 11.23% 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.

Company Details of Aarvi Encon Limited
CIN L29290MH1987PLC045499
Registration Number 045499
Incorporation Date 03 December 1987
ROC Mumbai
Listing Status Listed (NSE: AARVI)
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Virendra Dalpatram Sanghavi Managing Director Jaydev Virendra Sanghavi Director Ramamoorthy Ramachandran Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    aarviencon.com
  • Social Media
  • Registered Address
    603 B1 Wing Marathon Innova Marathon Nextgen Complex Lower Parel(W), Mumbai, Maharashtra, India – 400013
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management
Company report
Aarvi Encon Limited - full intelligence report
  • Historical Financials and ratios
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Financials, compliance, directors, charges, ownership and filings for Aarvi Encon Limited in one report.

10-year financials Directors & ownership Charges & compliance

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
Aarvi
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
TeamLease TeamLease Staffing and recruiting services connect employers with job candidates. Bengaluru, India, India 2000
Xpheno Xpheno Provider of recruitment and technology consulting services Bengaluru, India, India 2016
PageGroup PageGroup Recruitment consultancy services are provided to businesses and professionals. Weybridge, United Kingdom, United Kingdom 1976
Able Jobs Able Jobs Online candidate assistance is provided through tools and training platforms. Bengaluru, India, India 2019
Michael Page Michael Page Recruitment services and job searches are facilitated across UK industries. Addlestone, United Kingdom, United Kingdom 1976
NetAmbit NetAmbit Sales, recruitment, payroll, and learning management services are provided. Noida, India, India 2000
Spectrum Talent Management Spectrum Talent Management Provider of HR consulting services Noida, India, India 2008
Randstad India Randstad India Recruitment process outsourcing services are provided to clients. Chennai, India, India 2005
V5 Global V5 Global 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
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Business activity turnover details for Aarvi Encon Limited

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  • Turnover contribution
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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
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Complete auditor history for Aarvi Encon Limited

Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.

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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.

Current Directors
Name Designation Appointment Date Tenure Status
Jaydev Virendra Sanghavi
Also directs: Aarvi Encon Limited, Cyber O2 Private Limited, Aarvi Engineering & Consultants Private Limited and 2 more
Director 09 Nov 2005 20 Years 9 Months Current
Virendra Dalpatram Sanghavi
Also directs: Aarvi Encon Limited, Aarvi Engineering & Consultants Private Limited
Managing Director 03 Dec 1987 38 Years 8 Months Current
Ramamoorthy Ramachandran
Also directs: Aarvi Encon Limited
Director 23 Jan 2023 3 Years 6 Months Current
Sonal Nitin Doshi
Also directs: Aarvi Encon Limited, Doshi Projects Consultant Private Limited, Bombay Sea Face Charitable Foundation
Director 03 Jun 2017 9 Years 2 Months Current
Devendra Jashwantrai Shrimanker
Also directs: Citadel Realty And Developers Limited, Aarvi Encon Limited, Marathon Nextgen Realty Limited and 1 more
Director 03 Jun 2017 9 Years 2 Months Current
Jagat Suresh Parikh
Also directs: Aarvi Encon Limited, Beetle Ventures Private Limited, Walchand Advanced Composites Private Limited and 2 more
Director 02 Feb 2026 0 Years 6 Months Current
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Financials of Aarvi Encon Limited FY 2026 filings available

Aarvi Encon Limited reported revenue of ₹649.85 Cr (up 27.32% YoY) for FY 2026.

Revenue · FY 2026
₹649.85 Cr ▲ 27.32%
Profit · FY 2026
₹17.62 Cr ▲ 75.42%
Computed EBITDA · FY 2026
₹24.93 Cr ▲ 57.12%
Revenue₹ Cr · Consolidated0250500750FY 2020: ₹218 Cr218FY 2020FY 2021: ₹202 Cr · -7.5% YoY202-7.5%FY 2021FY 2022: ₹289 Cr · +43% YoY289+43%FY 2022FY 2023: ₹437 Cr · +51.3% YoY437+51.3%FY 2023FY 2024: ₹406 Cr · -7% YoY406-7%FY 2024FY 2025: ₹510 Cr · +25.7% YoY510+25.7%FY 2025FY 2026: ₹650 Cr · +27.3% YoY650+27.3%FY 2026
Net Profit₹ Cr · Consolidated01020FY 2020: ₹7 Cr7.2FY 2020FY 2021: ₹10 Cr · +45.7% YoY10.5+45.7%FY 2021FY 2022: ₹12 Cr · +15.4% YoY12.1+15.4%FY 2022FY 2023: ₹15 Cr · +20.3% YoY14.5+20.3%FY 2023FY 2024: ₹11 Cr · -21.8% YoY11.3-21.8%FY 2024FY 2025: ₹10 Cr · -11.5% YoY10-11.5%FY 2025FY 2026: ₹18 Cr · +75.4% YoY17.6+75.4%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200Q1'25: ₹113 Cr · +12.4% YoY113+12.4%Q1'25Q2'25: ₹121 Cr · +18.3% YoY121+18.3%Q2'25Q3'25: ₹132 Cr · +31.8% YoY132+31.8%Q3'25Q4'25: ₹144 Cr · +40.1% YoY144+40.1%Q4'25Q1'26: ₹151 Cr · +33.5% YoY151+33.5%Q1'26Q2'26: ₹159 Cr · +31.3% YoY159+31.3%Q2'26Q3'26: ₹167 Cr · +27.2% YoY167+27.2%Q3'26Q4'26: ₹172 Cr · +19.2% YoY172+19.2%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹649.85 Cr ₹510.39 Cr ₹406.15 Cr ₹436.52 Cr ₹288.55 Cr ₹201.79 Cr ₹218.05 Cr
Other Income ₹2.25 Cr ₹2.48 Cr ₹2.33 Cr ₹1.31 Cr ₹1.18 Cr ₹2.3 Cr ₹59.92 Lakh
Total Income ₹652.1 Cr ₹512.86 Cr ₹408.47 Cr ₹437.84 Cr ₹289.73 Cr ₹204.08 Cr ₹218.65 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹488.8 Cr ₹376.87 Cr ₹293.47 Cr ₹291.61 Cr ₹216.66 Cr ₹157.07 Cr ₹145.76 Cr
Finance Costs ₹2.89 Cr ₹3.08 Cr ₹1.47 Cr ₹1.76 Cr ₹73.13 Lakh ₹56.66 Lakh ₹1.6 Cr
Depreciation & Amortisation ₹1.77 Cr ₹1.57 Cr ₹1.27 Cr ₹1.23 Cr ₹1.02 Cr ₹97.37 Lakh ₹1.24 Cr
Other Expenses ₹138.36 Cr ₹120.12 Cr ₹100.16 Cr ₹126.71 Cr ₹59.16 Cr ₹35.17 Cr ₹63.09 Cr
Total Expenses ₹631.83 Cr ₹501.65 Cr ₹396.37 Cr ₹421.3 Cr ₹277.58 Cr ₹193.77 Cr ₹211.7 Cr
Profit Before Exceptional Items & Tax ₹20.27 Cr ₹11.22 Cr ₹12.11 Cr ₹16.54 Cr ₹12.15 Cr ₹10.31 Cr ₹6.95 Cr
Exceptional Items -₹33.74 Lakh ₹0 ₹0 -₹86.01 Lakh ₹0 ₹0 ₹0
Profit Before Tax ₹19.93 Cr ₹11.22 Cr ₹12.11 Cr ₹15.68 Cr ₹12.15 Cr ₹10.31 Cr ₹6.95 Cr
Total Tax Expense ₹2.31 Cr ₹1.17 Cr ₹76.35 Lakh ₹1.17 Cr ₹8.32 Lakh -₹15.23 Lakh -₹22.38 Lakh
Net Profit ₹17.62 Cr ₹10.04 Cr ₹11.34 Cr ₹14.51 Cr ₹12.07 Cr ₹10.46 Cr ₹7.18 Cr
  attributable to Owners ₹17.62 Cr ₹10.04 Cr ₹11.34 Cr ₹14.51 Cr ₹12.07 Cr ₹10.46 Cr ₹7.18 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹74.91 Lakh
Other Comprehensive Income ₹1.51 Cr ₹45.96 Lakh -₹2.95 Lakh ₹1.08 Cr ₹50.7 Lakh -₹23.44 Lakh ₹74.91 Lakh
Total Comprehensive Income ₹19.13 Cr ₹10.5 Cr ₹11.31 Cr ₹15.59 Cr ₹12.57 Cr ₹10.23 Cr ₹7.93 Cr
EBITDA (computed) ₹24.93 Cr ₹15.87 Cr ₹14.84 Cr ₹19.52 Cr ₹13.91 Cr ₹11.85 Cr ₹9.8 Cr
Basic EPS ₹11.90 ₹6.79 ₹7.67 ₹9.82 ₹8.16 ₹7.08 ₹4.86
Diluted EPS ₹11.79 ₹6.73 ₹7.65 ₹9.82 ₹8.16 ₹7.08 ₹4.86
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹236.95 Cr ₹213.03 Cr ₹171.02 Cr ₹158.45 Cr
Non-current Assets ₹61.93 Cr ₹50.41 Cr ₹36.47 Cr ₹45.09 Cr
Current Assets ₹175.01 Cr ₹162.62 Cr ₹134.55 Cr ₹113.36 Cr
Property, Plant & Equipment ₹16.4 Cr ₹17.17 Cr ₹9.03 Cr ₹9.59 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹102.37 Cr ₹115.46 Cr ₹82.97 Cr ₹95.03 Cr
Cash & Equivalents ₹9.17 Cr ₹6.7 Cr ₹10.68 Cr ₹4.39 Cr
Equity (Net Worth) ₹142.07 Cr ₹125.32 Cr ₹116.7 Cr ₹108.06 Cr
Equity Share Capital ₹14.81 Cr ₹14.81 Cr ₹14.78 Cr ₹14.78 Cr
Borrowings (Non-current) ₹2.35 Cr ₹3.33 Cr ₹0 ₹0
Borrowings (Current) ₹24.35 Cr ₹23.45 Cr ₹9.75 Cr ₹3.4 Cr
Total Debt (computed) ₹26.7 Cr ₹26.78 Cr ₹9.75 Cr ₹3.4 Cr
Current Liabilities ₹85.58 Cr ₹80.08 Cr ₹52.56 Cr ₹49.56 Cr
Total Liabilities ₹94.88 Cr ₹87.71 Cr ₹54.32 Cr ₹50.39 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹8.05 Cr -₹2.4 Cr ₹3.14 Cr ₹3.21 Cr -₹10.41 Cr
Investing Cash Flow ₹35.55 Lakh -₹12.64 Cr ₹1.15 Cr -₹12.36 Lakh ₹11.5 Lakh
Financing Cash Flow -₹5.94 Cr ₹11.07 Cr ₹2.01 Cr -₹3.77 Cr -₹1.08 Cr
Capital Expenditure ₹97.43 Lakh ₹9.8 Cr ₹76.77 Lakh ₹1.18 Cr ₹94.87 Lakh
Free Cash Flow (computed) ₹7.07 Cr -₹12.21 Cr ₹2.38 Cr ₹2.03 Cr -₹11.36 Cr
Dividends Paid ₹2.96 Cr ₹2.96 Cr ₹2.96 Cr ₹2.22 Cr ₹2.96 Cr
Net Change in Cash ₹2.46 Cr -₹3.98 Cr ₹6.3 Cr -₹68.49 Lakh -₹11.38 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹172.25 Cr ₹167.45 Cr ₹158.85 Cr ₹151.3 Cr ₹144.45 Cr ₹131.64 Cr ₹120.96 Cr ₹113.33 Cr ₹103.11 Cr ₹99.88 Cr ₹102.29 Cr ₹100.87 Cr
Other Income ₹45.49 Lakh ₹46.13 Lakh ₹65.23 Lakh ₹67.7 Lakh ₹49.48 Lakh ₹45.78 Lakh ₹1.04 Cr ₹47.89 Lakh ₹99.6 Lakh ₹89.63 Lakh ₹31.28 Lakh ₹12.28 Lakh
Total Income ₹172.71 Cr ₹167.91 Cr ₹159.5 Cr ₹151.98 Cr ₹144.95 Cr ₹132.1 Cr ₹122 Cr ₹113.81 Cr ₹104.1 Cr ₹100.78 Cr ₹102.6 Cr ₹100.99 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹131.77 Cr ₹129.39 Cr ₹117.91 Cr ₹109.73 Cr ₹104.97 Cr ₹97.11 Cr ₹90.61 Cr ₹84.18 Cr ₹76.84 Cr ₹73.15 Cr ₹74.02 Cr ₹69.46 Cr
Finance Costs ₹70.74 Lakh ₹69.28 Lakh ₹71.27 Lakh ₹77.96 Lakh ₹82.53 Lakh ₹79.2 Lakh ₹78.92 Lakh ₹66.86 Lakh ₹41.53 Lakh ₹39.32 Lakh ₹34.82 Lakh ₹31.13 Lakh
Depreciation & Amortisation ₹48.29 Lakh ₹46.49 Lakh ₹43.54 Lakh ₹38.52 Lakh ₹49.65 Lakh ₹47.16 Lakh ₹31.31 Lakh ₹29.31 Lakh ₹33.69 Lakh ₹34.6 Lakh ₹30.08 Lakh ₹28.42 Lakh
Other Expenses ₹33.67 Cr ₹32.69 Cr ₹35.36 Cr ₹36.64 Cr ₹35.04 Cr ₹30.89 Cr ₹28.35 Cr ₹25.84 Cr ₹23.3 Cr ₹24.51 Cr ₹25.09 Cr ₹27.27 Cr
Total Expenses ₹166.63 Cr ₹163.24 Cr ₹154.42 Cr ₹147.53 Cr ₹141.33 Cr ₹129.27 Cr ₹120.06 Cr ₹110.99 Cr ₹100.89 Cr ₹98.39 Cr ₹99.76 Cr ₹97.33 Cr
Profit Before Exceptional Items & Tax ₹6.07 Cr ₹4.67 Cr ₹5.09 Cr ₹4.44 Cr ₹3.62 Cr ₹2.83 Cr ₹1.94 Cr ₹2.83 Cr ₹3.21 Cr ₹2.39 Cr ₹2.84 Cr ₹3.67 Cr
Exceptional Items ₹34.33 Lakh -₹68.07 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹6.42 Cr ₹3.99 Cr ₹5.09 Cr ₹4.44 Cr ₹3.62 Cr ₹2.83 Cr ₹1.94 Cr ₹2.83 Cr ₹3.21 Cr ₹2.39 Cr ₹2.84 Cr ₹3.67 Cr
Total Tax Expense ₹1.83 Cr -₹2.76 Lakh ₹28.42 Lakh ₹22.71 Lakh ₹66.37 Lakh ₹46.21 Lakh -₹16.99 Lakh ₹21.89 Lakh ₹17.56 Lakh ₹1 Lakh ₹22.79 Lakh ₹35.01 Lakh
Net Profit ₹4.58 Cr ₹4.01 Cr ₹4.8 Cr ₹4.22 Cr ₹2.95 Cr ₹2.37 Cr ₹2.11 Cr ₹2.61 Cr ₹3.04 Cr ₹2.38 Cr ₹2.61 Cr ₹3.32 Cr
  attributable to Owners ₹4.58 Cr ₹4.02 Cr ₹4.8 Cr ₹4.22 Cr ₹2.95 Cr ₹2.37 Cr ₹2.11 Cr ₹2.61 Cr ₹3.04 Cr ₹2.38 Cr ₹2.61 Cr ₹3.32 Cr
  attributable to NCI ₹0 - - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹60.76 Lakh ₹19.56 Lakh ₹78.99 Lakh -₹7.87 Lakh -₹3.06 Lakh ₹48.42 Lakh ₹9.77 Lakh -₹9.17 Lakh -₹20.93 Lakh ₹1.82 Lakh ₹17.52 Lakh -₹1.36 Lakh
Total Comprehensive Income ₹5.19 Cr ₹4.21 Cr ₹5.59 Cr ₹4.14 Cr ₹2.92 Cr ₹2.86 Cr ₹2.21 Cr ₹2.52 Cr ₹2.83 Cr ₹2.4 Cr ₹2.79 Cr ₹3.3 Cr
EBITDA (computed) ₹7.26 Cr ₹5.83 Cr ₹6.24 Cr ₹5.61 Cr ₹4.94 Cr ₹4.1 Cr ₹3.04 Cr ₹3.79 Cr ₹3.96 Cr ₹3.13 Cr ₹3.49 Cr ₹4.26 Cr
Basic EPS ₹3.10 ₹2.27 ₹3.24 ₹2.85 ₹2.00 ₹1.60 ₹1.43 ₹1.76 ₹2.05 ₹1.61 ₹1.77 ₹2.24
Diluted EPS ₹3.07 ₹2.69 ₹3.22 ₹2.83 ₹1.98 ₹1.59 ₹1.42 ₹1.76 ₹2.05 ₹1.61 ₹1.77 ₹2.24
Latest 12 quarters shown of 25 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹569.92 Cr ₹464.08 Cr ₹377.65 Cr ₹382.69 Cr ₹274.51 Cr ₹189.66 Cr ₹191.21 Cr
Other Income ₹2.86 Cr ₹3.04 Cr ₹2.72 Cr ₹1.61 Cr ₹1.21 Cr ₹2.28 Cr ₹61.98 Lakh
Total Income ₹572.79 Cr ₹467.12 Cr ₹380.37 Cr ₹384.3 Cr ₹275.73 Cr ₹191.94 Cr ₹191.83 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹440.15 Cr ₹350.78 Cr ₹287.97 Cr ₹288.58 Cr ₹214.99 Cr ₹154.93 Cr ₹142.85 Cr
Finance Costs ₹2.88 Cr ₹3.07 Cr ₹1.47 Cr ₹1.76 Cr ₹73.13 Lakh ₹56.63 Lakh ₹1.6 Cr
Depreciation & Amortisation ₹1.76 Cr ₹1.56 Cr ₹1.25 Cr ₹1.19 Cr ₹1.02 Cr ₹96.93 Lakh ₹1.22 Cr
Other Expenses ₹114.65 Cr ₹103.09 Cr ₹78.65 Cr ₹77.48 Cr ₹46.59 Cr ₹26.96 Cr ₹42.6 Cr
Total Expenses ₹559.44 Cr ₹458.51 Cr ₹369.34 Cr ₹369.01 Cr ₹263.33 Cr ₹183.43 Cr ₹188.27 Cr
Profit Before Exceptional Items & Tax ₹13.35 Cr ₹8.61 Cr ₹11.03 Cr ₹15.3 Cr ₹12.39 Cr ₹8.51 Cr ₹3.56 Cr
Exceptional Items -₹33.74 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹13.01 Cr ₹8.61 Cr ₹11.03 Cr ₹15.3 Cr ₹12.39 Cr ₹8.51 Cr ₹3.56 Cr
Total Tax Expense ₹1.61 Cr ₹87.69 Lakh ₹68.4 Lakh ₹1.18 Cr ₹8.33 Lakh -₹14.44 Lakh -₹22.52 Lakh
Net Profit ₹11.4 Cr ₹7.73 Cr ₹10.35 Cr ₹14.12 Cr ₹12.31 Cr ₹8.65 Cr ₹3.79 Cr
  attributable to Owners - - - - - - ₹0
  attributable to NCI - - - - - - ₹0
Other Comprehensive Income -₹39.98 Lakh -₹5.41 Lakh -₹13.81 Lakh ₹2.31 Lakh ₹4.07 Lakh ₹12.11 Lakh -₹2.19 Lakh
Total Comprehensive Income ₹11 Cr ₹7.68 Cr ₹10.21 Cr ₹14.14 Cr ₹12.35 Cr ₹8.78 Cr ₹3.76 Cr
EBITDA (computed) ₹17.99 Cr ₹13.25 Cr ₹13.75 Cr ₹18.25 Cr ₹14.14 Cr ₹10.05 Cr ₹6.39 Cr
Basic EPS ₹7.70 ₹5.23 ₹7.00 ₹9.55 ₹8.33 ₹5.85 ₹2.56
Diluted EPS ₹7.63 ₹5.18 ₹6.98 ₹0.00 ₹8.33 ₹5.85 ₹2.56
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹205.63 Cr ₹189.38 Cr ₹152.32 Cr ₹139.89 Cr
Non-current Assets ₹66.17 Cr ₹53.85 Cr ₹40.95 Cr ₹47.83 Cr
Current Assets ₹139.45 Cr ₹135.53 Cr ₹111.37 Cr ₹92.06 Cr
Property, Plant & Equipment ₹16.38 Cr ₹17.15 Cr ₹9 Cr ₹9.56 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹81.04 Cr ₹96.35 Cr ₹71.75 Cr ₹78.74 Cr
Cash & Equivalents ₹1.31 Cr ₹3.23 Cr ₹44.05 Lakh ₹21.49 Lakh
Equity (Net Worth) ₹115.7 Cr ₹107.09 Cr ₹101.29 Cr ₹93.75 Cr
Equity Share Capital ₹14.81 Cr ₹14.81 Cr ₹14.78 Cr ₹14.78 Cr
Borrowings (Non-current) ₹2.35 Cr ₹3.33 Cr ₹0 ₹0
Borrowings (Current) ₹24.35 Cr ₹23.45 Cr ₹9.75 Cr ₹3.4 Cr
Total Debt (computed) ₹26.7 Cr ₹26.78 Cr ₹9.75 Cr ₹3.4 Cr
Current Liabilities ₹80.62 Cr ₹74.66 Cr ₹49.27 Cr ₹45.3 Cr
Total Liabilities ₹89.92 Cr ₹82.29 Cr ₹51.03 Cr ₹46.13 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹3.39 Cr ₹3.84 Cr -₹3.2 Cr ₹6.74 Cr -₹7.51 Cr
Investing Cash Flow ₹61.34 Lakh -₹12.13 Cr ₹1.5 Cr -₹33.73 Lakh ₹17.62 Lakh
Financing Cash Flow -₹5.93 Cr ₹11.07 Cr ₹1.92 Cr -₹7 Cr -₹78.4 Lakh
Capital Expenditure ₹1.2 Cr ₹9.8 Cr ₹75.83 Lakh ₹1.18 Cr ₹88.75 Lakh
Free Cash Flow (computed) ₹2.19 Cr -₹5.96 Cr -₹3.96 Cr ₹5.56 Cr -₹8.4 Cr
Dividends Paid ₹2.96 Cr ₹2.96 Cr ₹2.96 Cr ₹2.22 Cr ₹2.96 Cr
Net Change in Cash -₹1.92 Cr ₹2.79 Cr ₹22.57 Lakh -₹60.27 Lakh -₹8.12 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹149.48 Cr ₹146.2 Cr ₹139.57 Cr ₹134.68 Cr ₹129.28 Cr ₹119.94 Cr ₹110.28 Cr ₹104.57 Cr ₹97.52 Cr ₹93.56 Cr ₹95 Cr ₹91.56 Cr
Other Income ₹78.64 Lakh ₹56.7 Lakh ₹94.26 Lakh ₹56.84 Lakh ₹70.31 Lakh ₹91.81 Lakh ₹81.46 Lakh ₹60.61 Lakh ₹1.13 Cr ₹99.23 Lakh ₹39.98 Lakh ₹20.25 Lakh
Total Income ₹150.26 Cr ₹146.77 Cr ₹140.51 Cr ₹135.24 Cr ₹129.99 Cr ₹120.86 Cr ₹111.09 Cr ₹105.18 Cr ₹98.65 Cr ₹94.55 Cr ₹95.4 Cr ₹91.77 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹117.59 Cr ₹114.73 Cr ₹106.98 Cr ₹100.85 Cr ₹97.29 Cr ₹91 Cr ₹83.46 Cr ₹79.03 Cr ₹75.21 Cr ₹71.46 Cr ₹72.73 Cr ₹68.57 Cr
Finance Costs ₹70.38 Lakh ₹68.99 Lakh ₹71.27 Lakh ₹77.34 Lakh ₹82.93 Lakh ₹79.2 Lakh ₹78.9 Lakh ₹65.9 Lakh ₹41.44 Lakh ₹39.32 Lakh ₹34.82 Lakh ₹31.13 Lakh
Depreciation & Amortisation ₹48.19 Lakh ₹46.4 Lakh ₹43.45 Lakh ₹38.43 Lakh ₹49.42 Lakh ₹46.91 Lakh ₹31.01 Lakh ₹29.12 Lakh ₹33.16 Lakh ₹34.15 Lakh ₹29.63 Lakh ₹28.09 Lakh
Other Expenses ₹27.05 Cr ₹28.08 Cr ₹29.16 Cr ₹30.36 Cr ₹28.21 Cr ₹26.78 Cr ₹25.28 Cr ₹22.82 Cr ₹19.84 Cr ₹19.6 Cr ₹19.61 Cr ₹19.6 Cr
Total Expenses ₹145.82 Cr ₹143.96 Cr ₹137.29 Cr ₹132.37 Cr ₹126.83 Cr ₹119.04 Cr ₹109.84 Cr ₹102.8 Cr ₹95.8 Cr ₹91.79 Cr ₹92.99 Cr ₹88.76 Cr
Profit Before Exceptional Items & Tax ₹4.44 Cr ₹2.8 Cr ₹3.22 Cr ₹2.88 Cr ₹3.16 Cr ₹1.82 Cr ₹1.25 Cr ₹2.38 Cr ₹2.85 Cr ₹2.76 Cr ₹2.41 Cr ₹3 Cr
Exceptional Items ₹34.33 Lakh -₹68.07 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹4.79 Cr ₹2.12 Cr ₹3.22 Cr ₹2.88 Cr ₹3.16 Cr ₹1.82 Cr ₹1.25 Cr ₹2.38 Cr ₹2.85 Cr ₹2.76 Cr ₹2.41 Cr ₹3 Cr
Total Tax Expense ₹1.58 Cr -₹21.19 Lakh ₹9.59 Lakh ₹14.06 Lakh ₹34.45 Lakh ₹46.33 Lakh -₹17.13 Lakh ₹24.03 Lakh ₹9.61 Lakh ₹1 Lakh ₹22.79 Lakh ₹35.01 Lakh
Net Profit ₹3.2 Cr ₹2.33 Cr ₹3.13 Cr ₹2.74 Cr ₹2.82 Cr ₹1.36 Cr ₹1.42 Cr ₹2.14 Cr ₹2.76 Cr ₹2.75 Cr ₹2.19 Cr ₹2.65 Cr
Other Comprehensive Income -₹39.98 Lakh ₹0 ₹0 ₹0 -₹5.41 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹2.8 Cr ₹2.33 Cr ₹3.13 Cr ₹2.74 Cr ₹2.76 Cr ₹1.36 Cr ₹1.42 Cr ₹2.14 Cr ₹2.76 Cr ₹2.75 Cr ₹2.19 Cr ₹2.65 Cr
EBITDA (computed) ₹5.63 Cr ₹3.96 Cr ₹4.37 Cr ₹4.04 Cr ₹4.48 Cr ₹3.08 Cr ₹2.35 Cr ₹3.33 Cr ₹3.6 Cr ₹3.49 Cr ₹3.06 Cr ₹3.59 Cr
Basic EPS ₹2.16 ₹1.58 ₹2.11 ₹1.85 ₹1.90 ₹0.92 ₹0.96 ₹1.45 ₹1.87 ₹1.86 ₹1.48 ₹1.79
Diluted EPS ₹2.15 ₹1.56 ₹2.09 ₹1.83 ₹1.89 ₹0.91 ₹0.95 ₹1.44 ₹1.86 ₹1.86 ₹1.48 ₹1.79
Latest 12 quarters shown of 25 on record.
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Shareholding Pattern of Aarvi Encon Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 73.53%, foreign institutional investors hold 0.00%, retail and other public shareholders hold 26.47% of Aarvi Encon Limited. The company had 9,039 shareholders on record.

Promoters: 73.53%Retail & Others: 26.47%
Mar 2026
QUARTER
73.53% Promoters
26.47% Retail & Others
Promoter holding - history
Now 73.53% · Mar 2026High 73.58% · Sep 2024Low 73.39% · Sep 2017
72%72.8%73.5%74.3%75%Sep 2017Mar 2020Dec 2021Sep 2023Jun 2025Sep 2017: 73.39%Mar 2018: 73.39%Sep 2018: 73.39%Mar 2019: 73.39%Jun 2019: 73.39%Sep 2019: 73.39%Dec 2019: 73.39%Mar 2020: 73.39%Jun 2020: 73.39%Sep 2020: 73.44%Dec 2020: 73.47%Mar 2021: 73.47%Jun 2021: 73.47%Sep 2021: 73.47%Dec 2021: 73.47%Mar 2022: 73.47%Jun 2022: 73.47%Sep 2022: 73.47%Dec 2022: 73.47%Mar 2023: 73.47%Jun 2023: 73.47%Sep 2023: 73.51%Dec 2023: 73.54%Mar 2024: 73.54%Jun 2024: 73.54%Sep 2024: 73.58%Dec 2024: 73.58%Mar 2025: 73.47%Jun 2025: 73.47%Sep 2025: 73.47%Dec 2025: 73.53%Mar 2026: 73.53%73.58%73.39%73.53%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters73.53%73.53%73.47%73.47%73.47%73.58%
Public26.47%26.47%26.53%26.53%26.53%26.42%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Promoters73.53%73.47%73.54%73.47%73.47%73.47%73.39%73.39%73.39%
Public26.47%26.53%26.46%26.53%26.52%26.53%26.61%26.61%26.61%
Promoter change (YoY, %pts)+0.06-0.07+0.07+0.00+0.00+0.08+0.00+0.00-

Board & Governance of Aarvi Encon Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Aarvi Encon Limited has 7 directors - 5 independent and 2 executive. The board is chaired by VIRENDRA D SANGHAVI.

DirectorPositionOn board sinceListed boards
VIRENDRA D SANGHAVI Executive Director · MD · Chairperson 1987-12-13 1
JAYDEV V SANGHAVI Executive Director 2005-11-09 1
DEVENDRA J SHRIMANKER Non-Executive - Independent Director 2017-06-03 3
PADMA V DEVARAJAN Non-Executive - Independent Director 2018-02-01 1
SONAL DOSHI Non-Executive - Independent Director 2017-06-03 1
RAMAMOORTHY RAMACHANDRAN Non-Executive - Independent Director 2023-01-23 1
JAGAT PARIKH Non-Executive - Independent Director 2026-02-02 1
Board Committees
CommitteeMembers
Audit Committee JAYDEV V SANGHAVI, DEVENDRA J SHRIMANKER (Chairperson), PADMA V DEVARAJAN, SONAL DOSHI, RAMAMOORTHY RAMACHANDRAN
Nomination and remuneration committee DEVENDRA J SHRIMANKER (Chairperson), PADMA V DEVARAJAN, SONAL DOSHI, JAGAT PARIKH
Stakeholders Relationship Committee DEVENDRA J SHRIMANKER, JAYDEV V SANGHAVI, SONAL DOSHI (Chairperson)

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.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Aarvi Engineering & Consults Private Limited U74140MH2007PTC171010 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Aarvi Encon Limited

Open charges
₹82.5 Cr
Satisfied charges
₹16.24 Cr
Breakdown by lending institutions
Yes Bank Limited₹37.50 Cr
The Hongkong and Shanghai Banking Corporation Limited₹25.00 Cr
Hdfc Bank Limited₹15.00 Cr
Others₹5.00 Cr
Latest charge details
DateLenderAmountStatus
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.

Employee count
4,807
Active EPFO establishments
2
Employee growth
-10.27%
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Employee and EPFO history for Aarvi Encon Limited

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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

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Subsidiaries & Group Companies of Aarvi Encon Limited

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MCA Filings & Documents of Aarvi Encon Limited

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Recent Activity on Aarvi Encon Limited

Directors
02 Feb 2026
Jagat Suresh Parikh was appointed as a Director on 02 Feb 2026 & has been associated with this company since 6 months 11 days.
Activity
08 Aug 2025
Aarvi Encon Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Charges
16 Apr 2025
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 25.00 Cr registered on 15 Nov 2018 with Charge ID 100220703 was modified on 16 Apr 2025.
Activity
31 Mar 2025
Aarvi Encon Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
23 May 2024
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100934667 was registered on 23 May 2024.
Charges
30 Jan 2024
A charge with Yes Bank Limited of Rs. 37.50 Cr registered on 02 Sep 2007 with Charge ID 10080753 was modified on 30 Jan 2024.

Recent News 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 2026 (up 27.32% YoY) based on consolidated NSE filings.

The current directors of Aarvi Encon Limited are:

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.

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