
About Aarvi Encon Limited
Data last updated:
Aarvi Encon Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 03 December 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29290MH1987PLC045499. Its GSTIN is 08AAACA3640H1Z0 (Rajasthan). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544850 and NSE: AARVI.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.84 Cr. It was formerly known as Aarvi Encon Private Limited and Aarvi Encon P Limited. It is led by directors including Virendra Dalpatram Sanghavi (Managing Director) and Jaydev Virendra Sanghavi.
Its last annual general meeting (AGM) was held on 14 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 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 27.3% compared to the previous year. For the same year it recorded a net profit of ₹17.99 Cr (net margin 2.8%) and EBITDA of ₹21.5 Cr (EBITDA margin 3.3%). The net worth stands at ₹142.07 Cr (up 13.4% YoY). Total assets are valued at ₹175.5 Cr (up 12.4% YoY).
The company has about 7,585 employees on its provident fund (EPFO) records. 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. Court records list 45 cases involving the company, including 10 filed by the company and 35 filed against it; 7 cases are pending. The company has 8 deals on record (7 market trades, 1 ipo); the latest was in August 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 5 micro and small suppliers.
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
Name history
Aarvi Encon 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.
| Company Name | Status |
|---|---|
| Aarvi Encon Limited | Current |
| Aarvi Encon Private Limited | Previous |
| Aarvi Encon P Limited | Previous |
CIN history
Aarvi Encon 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 |
Contact details
Aarvi Encon Limited's registered office is in Mumbai, Maharashtra. Its website is aarviencon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address603 B1 Wing Marathon Innova Marathon Nextgen Complex Lower Parel(W), Mumbai, Maharashtra, India – 400013
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Aarvi Encon 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
Aarvi Encon operates one associated brand: Aarvi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Staffing, recruitment, project management, and manpower outsourcing services are offered. | aarviencon.com |
Business activity
The main business activity of Aarvi Encon is administrative and support service activities. In detail, this covers employment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 78 | Employment activities |
To see the full business activity and turnover split of Aarvi Encon Limited, buy the company report.
Financials of Aarvi Encon Limited
FY 2025-26 filings availableAarvi Encon Limited reported revenue of ₹649.85 Cr (up 27.3% 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 | +27.3% | +25.7% | -7.0% | +51.3% | +43.0% | -7.5% | - |
| 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% | - | - | - |
| 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 | +22.8% | +22.9% | -1.3% | +39.4% | +44.7% | -0.8% | - |
| 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% | - | - | - |
| 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% | - | - | - |
| 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 | +27.3% | +25.7% | -7.0% | +51.3% | +43.0% | -7.5% | - |
| 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% | - |
| EBITDA growth | +51.0% | +10.2% | -27.1% | +33.9% | +35.8% | +3.2% | - |
| 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% | - |
| 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% | - | - | - |
| 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 | +22.8% | +22.9% | -1.3% | +39.4% | +44.7% | -0.8% | - |
| 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% | - |
| EBITDA growth | +26.0% | -3.2% | -32.8% | +26.5% | +69.3% | +32.1% | - |
| 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% | - |
| 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 |
To see the full year-wise statements and ratios of Aarvi Encon Limited, buy the company report.
Board of directors of Aarvi Encon Limited
Aarvi Encon has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Virendra Dalpatram Sanghavi Also directs: Aarvi Engineering & Consultants Private Limited | Managing Director | 03 Dec 1987 | 38 Years 11 Months | Current |
| Jaydev Virendra Sanghavi Also directs: Cyber O2 Private Limited, Aarvi Engineering & Consultants Private Limited, Beetle Ventures Private Limited and 1 more | Director | 09 Nov 2005 | 21 Years 0 Months | Current |
| Sonal Nitin Doshi | Director | 03 Jun 2017 | 9 Years 5 Months | Current |
| Devendra Jashwantrai Shrimanker | Director | 03 Jun 2017 | 9 Years 5 Months | Current |
| Ramamoorthy Ramachandran | Director | 23 Jan 2023 | 3 Years 9 Months | Current |
| Jagat Suresh Parikh | Director | 02 Feb 2026 | 0 Years 9 Months | Current |
Auditor
Aarvi Encon Limited is audited by Jay Shah & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jay Shah & Associates | FY 2025 | 135424W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.40% | 73.50% | 73.50% | 73.50% |
| Public | 26.60% | 26.50% | 26.50% | 26.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2024 | 100934667 | Others | ₹5 Cr | Open | |
| 15 Sep 2020 | 100379672 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 15 Nov 2018 | 100220703 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Open | |
| 02 Sep 2007 | 10080753 | Yes Bank Limited | ₹37.5 Cr | Open | |
| 12 Dec 2018 | 100227593 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Cr | Satisfied |
To see the full charge records of Aarvi Encon Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Aarvi Encon Limited has 8 deals on record (7 market trades, 1 ipo); the latest was in August 2025.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Market trade | ₹3.8 Cr | Buyer: Amit Kumar Jain Huf, Neo Apex Share Broking Services LLP Seller: Amit Kumar Jain Huf, Neo Apex Share Broking Services LLP |
| Apr 2024 | Market trade | ₹1.33 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Dec 2021 | Market trade | ₹73 Lakh | Buyer: L7 Hitech Private Limited |
| Dec 2021 | Market trade | ₹85 Lakh | Buyer: an individual |
| May 2021 | Market trade | ₹2.14 Cr | Seller: an individual |
To see the full deal history of Aarvi Encon Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aarvi Encon Limited has 45 court cases on record: 10 filed by Aarvi Encon, 35 filed against it. 7 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 29 | 4 |
| High courts | 13 | 5 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Arbitration matter | Filed against the company by M/S HDFC Bank Limited Th. Mayuri Kalpesh Jadhav | Pending |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed by the company against Aarwin Engineering Projects Services Private Limited and 2 Ors. and 2 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Aarwin Engineering Projects Services Private Limited and 2 Ors. and 2 others | Pending |
| High Court, MAHARASHTRA | Court case (LPETN) | Filed by the company against Aarwin Engineering Projects Services Private Limited and 2 Ors. | Pending |
| Allahabad High Court | Court case (NA529) | Filed by the company against M/S Dynamic Aura LLP. and 1 other | Disposed |
To see the full case history of Aarvi Encon 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.
Credit ratings & regulatory alerts
Aarvi Encon Limited was last rated by Crisil on 19 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Jun 2020 |
To see the full credit ratings and regulatory alerts of Aarvi Encon Limited, buy the company report.
MSME payment delays
Aarvi Encon Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Acme Universal Safezone 9 Limited | |||
| Yashlaxmi Enterprises | |||
| an individual supplier |
To see the full MSME payment records of Aarvi Encon Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aarvi Encon has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aarvi Engineering & Consults Private Limited | U74140MH2007PTC171010 |
To see the full group structure of Aarvi Encon Limited, buy the company report.
Employees & EPFO
Aarvi Encon Limited has a workforce of 7,585 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 7,585 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Aarvi Encon Limited, buy the company report.
GST
Aarvi Encon has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACA3640H1Z0 | Rajasthan | Active | 01 Jul 2017 |
| 09AAACA3640H1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
| 33AAACA3640H1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aarvi Encon Limited, buy the company report.
Recent activity
Aarvi Encon Limited has 14 board changes on record since 1987: 7 appointments and 7 cessations. The latest: Jagat Suresh Parikh was appointed as Director on 02 Feb 2026.
30 earlier events are in the company report.
News
Frequently asked questions
Aarvi Encon is an active public limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 03 December 1987 (39+ years old) and is registered under CIN L29290MH1987PLC045499. Listed on BSE: 544850 and NSE: AARVI.
Aarvi Encon reported revenue of ₹649.85 Cr for FY 2025-26 (up 27.3% YoY) based on consolidated financials.
Aarvi Encon has 6 current directors:
- Virendra Dalpatram Sanghavi - Managing Director
- Jaydev Virendra Sanghavi - Director
- Sonal Nitin Doshi - Director
- Devendra Jashwantrai Shrimanker - Director
- Ramamoorthy Ramachandran - Director
- Jagat Suresh Parikh - Director
The latest financial statements of Aarvi Encon on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 14 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Aarvi Encon is 08AAACA3640H1Z0, registered in Rajasthan. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 09AAACA3640H1ZY (Uttar Pradesh), 33AAACA3640H1Z7 (Tamil Nadu).
The CIN (Corporate Identification Number) of Aarvi Encon is L29290MH1987PLC045499. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aarvi Encon is a listed company as per MCA records. Its shares are listed on both BSE (code: 544850) and NSE (symbol: AARVI).
Aarvi Encon has 45 court cases on record: 10 filed by the company and 35 filed against it. 7 are pending. Most are in the district courts.
Aarvi Encon was incorporated on 03 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Aarvi Encon has 8 deals on record (7 market trades, 1 ipo); the latest was in August 2025.
Jagat Suresh Parikh was appointed as Director on 02 Feb 2026. Ramamoorthy Ramachandran ceased to be Additional Director on 10 Mar 2023. Ramamoorthy Ramachandran was appointed as Director on 23 Jan 2023. Aarvi Encon has 14 board changes on record in total.

