About Adhaan Solution Private Limited
Data last updated:
Adhaan Solution Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 23 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74910GJ2010PTC061259. Its GSTIN is 24AAICA5878R1ZT (Gujarat). The company holds 12 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhavna Chimanlal Udernani (Managing Director) and Dheeraj Vanjani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 712/712A Time Square – 1 Opp Rambaugh Near Baghaban Party Plot, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹378.01 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹4.91 Cr (net margin 1.3%) and EBITDA of ₹5.39 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 16% over five years.
The company has about 15,399 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adhaan. As per MCA filings, the company has open charges of ₹2.11 Cr and satisfied charges of ₹1 Cr on record. Court records list 34 cases involving the company, including 7 filed by the company and 26 filed against it; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adhaan.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address712/712A Time Square – 1 Opp Rambaugh Near Baghaban Party Plot, Ahmedabad, Gujarat, India – 380059
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Adhaan Solution Private Limited
The main business activity of Adhaan Solution is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | 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 Adhaan Solution Private Limited FY 2024 filings available
Adhaan Solution Private Limited reported revenue of ₹378.01 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Adhaan Solution Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 33% growth in the latest year. EBITDA rose 49% 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 Adhaan Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.39 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.91 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 Adhaan Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Adhaan Solution 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.
Peer Comparison of Adhaan Solution Private Limited
Adhaan Solution Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Xeam Ventures Private Limited | ₹407.03 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mohali, Punjab, India |
| Nis Management Limited | ₹405.33 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Coreintegra Consulting Services Limited | ₹404.39 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Globalization HR Solutions India Private Limited | ₹398.02 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Indore, Madhya Pradesh, India |
| Avant Career Private Limited | ₹390.44 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| Adhaan Solution Private Limited this company | ₹378.01 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Ahmedabad, Gujarat, India |
| Procloz Services Private Limited | ₹367.32 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Interviewbit Software Services Private Limited | ₹366.7 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bangalore, Karnataka, India |
| O(1) India Private Limited | ₹363.63 Cr (FY 2024) | •••• | •••• | 93.0% | •••• | Mumbai, Maharashtra, India |
| Innovative Salary Services and Payroll Advisory Private Limited | ₹363.6 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Chennai, Tamil Nadu, India |
| Trigent Software Private Limited | ₹360.19 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Adhaan Solution by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Adhaan Solution Private Limited
Adhaan Solution Private Limited is audited by Punamiya and Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Punamiya and Associates | 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 Adhaan Solution Private Limited
Adhaan Solution has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavna Chimanlal Udernani | Managing Director | 23 Jun 2010 | 16 Years 3 Months | Current |
| Dheeraj Vanjani | Director | 23 Jun 2010 | 16 Years 3 Months | Current |
Ownership and Shareholding of Adhaan Solution 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 Adhaan Solution Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2025 | Hdfc Bank Limited | ₹49.65 Lakh | Open |
| 28 Oct 2022 | Hdfc Bank Limited | ₹1.5 Cr | Open |
| 07 Oct 2020 | Hdfc Bank Limited | ₹11.5 Lakh | Open |
| 11 Oct 2018 | Hdfc Bank Limited | ₹1 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Adhaan Solution Private Limited
Adhaan Solution Private Limited has 34 court cases on record: 7 filed by Adhaan Solution, 26 filed against it, 1 where it is another party. 13 cases are pending and 21 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 25 | 11 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Kalyan Halol-Shamlaji Tollway Limited and 1 other | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Shri R. S. Gamit, Government Labour Officer and Inspector Under Minimum Wages Act, Surat | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Shri R. S. Gamit, Government Labour Officer and Bonus Payment Inspector, Surat | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government Labour Officer and Gratuity Payment Inspector, Surat | Pending |
| District court, Navsari, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
Full case history
All 34 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.
Employees and EPFO Compliance at Adhaan Solution Private Limited
Adhaan Solution Private Limited has a workforce of 15,399 employees as of Apr 04, 2025.
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.
Recent Activity on Adhaan Solution Private Limited
Adhaan Solution Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Bhavna Chimanlal Udernani ceased to be Director on 31 May 2024.
Credit Ratings, Litigation & Regulatory Alerts for Adhaan Solution 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 Adhaan Solution 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 Adhaan Solution 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 Adhaan Solution Private Limited
Adhaan Solution has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICA5878R1ZT | Gujarat | Active | 01 Jul 2017 |
| 27AAICA5878R1ZN | Maharashtra | Active | 01 Jul 2017 |
| 07AAICA5878R2ZO | Delhi | Active | 16 Jul 2017 |
| 19AAICA5878R2ZJ | West Bengal | Active | 16 Jul 2017 |
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 Adhaan Solution 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 Adhaan Solution Private Limited
Adhaan Solution is an active private limited company based in Ahmedabad, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 23 June 2010 (16+ years old) and is registered under CIN U74910GJ2010PTC061259.
Adhaan Solution reported revenue of ₹378.01 Cr for FY 2025 (up 33% YoY).
Adhaan Solution has 2 current directors:
- Bhavna Chimanlal Udernani - Managing Director
- Dheeraj Vanjani - Director
Adhaan Solution reported a net profit of ₹4.91 Cr (net margin 1.3%) and EBITDA of ₹5.39 Cr (EBITDA margin 1.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adhaan Solution is 8% over three years and 16% over five years. In the latest year (FY 2025) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adhaan Solution is 24AAICA5878R1ZT, registered in Gujarat. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAICA5878R1ZN (Maharashtra), 07AAICA5878R2ZO (Delhi), 19AAICA5878R2ZJ (West Bengal).
The CIN (Corporate Identification Number) of Adhaan Solution is U74910GJ2010PTC061259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adhaan Solution has 34 court cases on record: 7 filed by the company and 26 filed against it. 13 are pending. Most are in the district courts.
Adhaan Solution was incorporated on 23 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Adhaan Solution by revenue are Xeam Ventures Private Limited, Nis Management Limited, Coreintegra Consulting Services Limited, Globalization HR Solutions India Private Limited, Avant Career Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Bhavna Chimanlal Udernani ceased to be Director on 31 May 2024. Bhavna Chimanlal Udernani was appointed as Managing Director on 23 Jun 2010. Dheeraj Vanjani was appointed as Director on 23 Jun 2010.