About Adecco India Private Limited
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Adecco India Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Adecco International Holding Bv. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 24 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA1999PTC051999. Its GSTIN is 29AABCG3636Q1Z2 (Karnataka). The company holds 26 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.38 Cr. It was formerly known as Nimble Software Private Limited and Adecco Peopleone India Limited. It is led by directors including Arya Mathew and Sunil Chemmankotil.
Its last annual general meeting (AGM) was held on 14 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Brigade Metropolis B – 9 13th Floor Itpl Main Road Garudachar Palya Mahadevpura, Bengaluru, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,764.7 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.4 Cr (net margin 0.1%) and EBITDA of ₹12.9 Cr (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 4% over five years.
The company has about 39,575 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adecco. As per MCA filings, the company has satisfied charges of ₹1.07 Cr on record. Court records list 197 cases involving the company, including 66 filed by the company and 131 filed against it; 41 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹201.39 Cr; the latest was in June 2013. Its 4 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 4 larger; the largest is Manpowergroup Services India Private Limited with revenue of ₹2,322 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 120 overdue payments to 62 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 adecco.co.in.
Company details
Name history
Adecco India has undergone 3 name changes throughout its history. The company was previously known as Nimble Software Private Limited, Adecco Peopleone India Limited, and Adecco Peopleone India Private Limited. The current legal name is Adecco India Private Limited.
| Company Name | Status |
|---|---|
| Adecco India Private Limited | Current |
| Nimble Software Private Limited | Previous |
| Adecco Peopleone India Limited | Previous |
| Adecco Peopleone India Private Limited | Previous |
CIN history
Adecco India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72900KA1999PTC051999, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA1999PTC051999 | Current |
| U72900KA1999PLC051999 | Previous |
| U72900MH1999PLC122741 | Previous |
Contact details
Adecco India Private Limited's registered office is in Bengaluru, Karnataka. Its website is adecco.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBrigade Metropolis B – 9 13th Floor Itpl Main Road Garudachar Palya Mahadevpura, Bengaluru, Karnataka, India – 560048
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Adecco India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Adecco India operates one associated brand: Adecco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HR management services including placement and outsourcing are provided globally. | adecco.com |
Business activity
The main business activity of Adecco India is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Adecco India Private Limited, buy the company report.
Financials of Adecco India Private Limited
FY 2024 filings availableAdecco India Private Limited reported revenue of ₹1,764.7 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 154% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 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 | ₹1,764.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.4 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Adecco India Private Limited, buy the company report.
Board of directors of Adecco India Private Limited
Adecco India has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arya Mathew Also directs: Akkodis India Private Limited | Director | 29 Sep 2023 | 3 Years 0 Months | Current |
| Sunil Chemmankotil | Director | 07 May 2024 | 2 Years 5 Months | Current |
| Rajganesh Ramachandran Also directs: Nyobolt India Private Limited | Additional Director | 29 May 2025 | 1 Years 4 Months | Current |
Peer comparison
Adecco India Private Limited is compared with the 4 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manpowergroup Services India Private Limited | ₹2,322 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Firstmeridian Global Services Private Limited | ₹2,193.36 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Innovsource Services Private Limited | ₹2,004.02 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Genius Hrtech Limited | ₹1,881.18 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Adecco India Private Limited this company | ₹1,764.7 Cr (FY 2024) | ₹1.4 Cr | 0.1% | 15.0% | 39,575 | Bengaluru, Karnataka, India |
To see the full peer comparison of Adecco India Private Limited, buy the company report.
Auditor
Adecco India Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Adecco India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adecco India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2010 | 10233864 | Kotak Mahindra Prime Limited | ₹11.82 Lakh | Satisfied | |
| 01 Oct 2003 | 80007545 | Uti Bank Limited | ₹65 Lakh | Satisfied | |
| 01 Oct 2003 | 90148406 | Uti Bank Ltd. | ₹30 Lakh | Satisfied |
To see the full charge records of Adecco India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Adecco India Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹201.39 Cr; the latest was in June 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2013 | Funding round | ₹3.58 Cr | Investors: Adecco Group AG |
| Jun 2012 | Funding round | ₹69.08 Cr | Investors: Adecco International Holding Bv |
| Mar 2010 | Funding round | ₹128.74 Cr | Investors: Adecco International Holding Bv |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adecco India Private Limited has 197 court cases on record: 66 filed by Adecco India, 131 filed against it. 41 cases are pending and 156 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 149 | 110 | 31 |
| High courts | 45 | 20 | 9 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 197)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Hello Verify India Private Ltd | Pending |
| High Court | Writ petition | Filed by the company against Unit Head, Hindustan Zinc Limited and 1 other | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by Hello Verify India Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Quess Corp Ltd | Disposed |
| District court, Central, Delhi | Commercial suit | Filed against the company by Hello Verify India Pvt. Ltd | Disposed |
To see the full case history of Adecco India Private 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.
MSME payment delays
Adecco India Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 120 overdue payments to 62 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 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Gendroit Sr Solution Private Limited | |||
| Bansal Enterprises | |||
| an individual supplier |
To see the full MSME payment records of Adecco India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adecco India Private Limited has a workforce of 39,575 employees on its EPFO records as of Dec 06, 2024, across 2 active EPFO establishments.
GST
Adecco India has 26 GST registrations: 16 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCG3636Q1Z2 | Karnataka | Active | 01 Jul 2017 |
| 29AABCG3636Q2Z1 | Karnataka | Active | 01 Mar 2025 |
| 04AABCG3636Q1ZE | Chandigarh | Active | 01 Jul 2017 |
| 06AABCG3636Q1ZA | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adecco India Private Limited, buy the company report.
Recent activity
Adecco India Private Limited has 28 board changes on record since 2007: 4 appointments and 24 cessations. The latest: Rajganesh Ramachandran was appointed as Additional Director on 29 May 2025.
26 earlier events are in the company report.
News
Frequently asked questions
Adecco India is an active private limited company based in Bengaluru, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 24 November 1999 (27+ years old) and is registered under CIN U72900KA1999PTC051999.
Adecco India has 3 current directors:
- Arya Mathew - Director
- Sunil Chemmankotil - Director
- Rajganesh Ramachandran - Additional Director
The latest financial statements of Adecco India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 14 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Adecco India is 29AABCG3636Q1Z2, registered in Karnataka. The company has 26 GST registrations in all, of which 16 are active and 10 are cancelled or inactive. Other active GSTINs include 29AABCG3636Q2Z1 (Karnataka), 04AABCG3636Q1ZE (Chandigarh), 06AABCG3636Q1ZA (Haryana).
The CIN (Corporate Identification Number) of Adecco India is U72900KA1999PTC051999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adecco India has 197 court cases on record: 66 filed by the company and 131 filed against it. 41 are pending. Most are in the district courts.
Adecco India was incorporated on 24 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Adecco India has 3 deals on record (3 funding rounds), with disclosed funding of ₹201.39 Cr; the latest was in June 2013.
The peers of Adecco India by revenue are Manpowergroup Services India Private Limited, Firstmeridian Global Services Private Limited, Innovsource Services Private Limited, Genius Hrtech Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Rajganesh Ramachandran was appointed as Additional Director on 29 May 2025. Sunil Chemmankotil ceased to be Additional Director on 13 Nov 2024. Sunil Chemmankotil was appointed as Director on 07 May 2024. Adecco India has 28 board changes on record in total.
Adecco India has 10 MSME Form 1 returns on record between 2019 and 2024, listing 120 overdue payments to 62 micro and small suppliers. The latest return was filed on 01 May 2024.
Adecco India can be reached through the website adecco.co.in. Its registered office is in Bengaluru, Karnataka, India.