About Adarsh Advisory Services Private Limited
Data last updated:
Adarsh Advisory Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 10 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2014PTC251934. Its GSTIN is 27AAMCA4771B1ZQ (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.67 Lakh. It is led by directors including Parag Mahendra Lakhani and Jayesh Mansukh Nandwana.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Jsw Centre Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹6,114.7 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹14.45 Cr (net margin 0.2%) and EBITDA of ₹1,122.52 Cr (EBITDA margin 18.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 17% over five years.
The company is associated with 2 brands: JSW Cement and JSW Group. As per MCA filings, the company has open charges of ₹500 Cr and satisfied charges of ₹200 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jsw.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressJsw Centre Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
- One PDF report, delivered after checkout
Business Activity of Adarsh Advisory Services Private Limited
The main business activity of Adarsh Advisory Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Adarsh Advisory Services Private Limited FY 2024 filings available
Adarsh Advisory Services Private Limited reported revenue of ₹6,114.7 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Adarsh Advisory Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 2% growth in the latest year. EBITDA rose 29% 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 of Adarsh Advisory Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1,122.52 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.45 Cr | •••• | •••• | •••• | •••• |
| 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 of Adarsh Advisory Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Adarsh Advisory Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Adarsh Advisory Services Private Limited
Adarsh Advisory Services Private Limited is audited by Shah Gupta & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shah Gupta & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Adarsh Advisory Services Private Limited
Adarsh Advisory Services has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Mahendra Lakhani | Director | 30 Jun 2021 | 5 Years 3 Months | Current |
| Jayesh Mansukh Nandwana | Director | 29 Feb 2020 | 6 Years 7 Months | Current |
| Manish Pareek | Additional Director | 13 Mar 2025 | 1 Years 6 Months | Current |
| Bhavik Dave | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
| Nirmal Kumar Karwa Also directs: Tranquil Homes and Holdings Private Limited, Burnet Investments Private Limited, Argil Properties Private Limited and 5 more | Additional Director | 26 Nov 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Adarsh Advisory Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Adarsh Advisory Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Nov 2021 | Others | ₹500 Cr | Open |
| 20 Jan 2021 | Others | ₹200 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Adarsh Advisory Services Private Limited
Adarsh Advisory Services Private Limited has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Sajjan Jindal Family Trust & Deepak Bhat, Sajjan Jindal Family Trust Seller: an individual |
| Mar 2020 | Rights issue | ₹426.75 Cr | Investors: an individual |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Sajjan Jindal Family Trust Seller: JSW Investments Private Limited , Reynold Traders Private Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Adarsh Advisory Services Private Limited
Adarsh Advisory Services Private Limited has 2 court cases on record: 2 filed by Adarsh Advisory Services. All cases are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company | Disposed |
| Bombay High Court | Appeal | Filed by the company | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Adarsh Advisory Services Private Limited
Adarsh Advisory Services operates two associated brands: JSW Cement and JSW Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cement, aggregates, additives, and ready-mix concrete are manufactured. | jswcement.in | |
| Steel, infrastructure products, and power are manufactured by JSW Group. | jsw.in |
Employees and EPFO Compliance at Adarsh Advisory Services Private Limited
Employment history and EPFO contributions of people linked to Adarsh Advisory Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Adarsh Advisory Services Private Limited
Recent Activity on Adarsh Advisory Services Private Limited
Adarsh Advisory Services Private Limited has 11 board changes on record since 2016: 5 appointments and 6 cessations. The latest: Nirmal Kumar Karwa was appointed as Additional Director on 26 Nov 2025.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Adarsh Advisory Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Adarsh Advisory Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Adarsh Advisory Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Adarsh Advisory Services Private Limited
Adarsh Advisory Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA4771B1ZQ | Maharashtra | Active | 03 Jul 2024 |
| 24AAMCA4771B1ZW | Gujarat | Active | 21 Jan 2025 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Adarsh Advisory Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Adarsh Advisory Services Private Limited
Adarsh Advisory Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 10 January 2014 (12+ years old) and is registered under CIN U74140MH2014PTC251934.
Adarsh Advisory Services reported revenue of ₹6,114.7 Cr for FY 2024 (up 2% YoY).
Adarsh Advisory Services has 5 current directors:
- Parag Mahendra Lakhani - Director
- Jayesh Mansukh Nandwana - Director
- Manish Pareek - Additional Director
- Bhavik Dave - Director
- Nirmal Kumar Karwa - Additional Director
Adarsh Advisory Services reported a net profit of ₹14.45 Cr (net margin 0.2%) and EBITDA of ₹1,122.52 Cr (EBITDA margin 18.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adarsh Advisory Services is 16% over three years and 17% over five years. In the latest year (FY 2024) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adarsh Advisory Services is 27AAMCA4771B1ZQ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAMCA4771B1ZW (Gujarat).
The CIN (Corporate Identification Number) of Adarsh Advisory Services is U74140MH2014PTC251934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Advisory Services has 2 court cases on record: 2 filed by the company.
Adarsh Advisory Services was incorporated on 10 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Adarsh Advisory Services has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2020.