About Advait Techserve (India) Pvt Ltd
Data last updated:
Advait Techserve (India) Pvt Ltd is a private 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 19 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2006PTC159256. Its GSTIN is 27AAFCA6144F1ZU (Maharashtra). The company holds 20 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Binay Shankar Verma and Ajay Baidyanath Verma.
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 4/48 Dheeraj Heritage Business Centre S. V. Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.63 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹46.39 Lakh (net margin 2%) and EBITDA of ₹1.4 Cr (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company has about 312 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Advait Techserve. As per MCA filings, the company has open charges of ₹6.6 Cr and satisfied charges of ₹40 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advaittechserve.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address4/48 Dheeraj Heritage Business Centre S. V. Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- 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 Advait Techserve (India) Pvt Ltd
The main business activity of Advait Techserve (India) 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 Advait Techserve (India) Pvt Ltd FY 2024 filings available
Advait Techserve (India) Pvt Ltd reported revenue of ₹23.63 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Advait Techserve (India) Pvt Ltd
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 18% fall in the latest year. EBITDA fell 2% 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 Advait Techserve (India) Pvt Ltd
| 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 | ₹1.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹46.39 Lakh | •••• | •••• | •••• | •••• |
| 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 Advait Techserve (India) Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 Advait Techserve (India) 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 Advait Techserve (India) Pvt Ltd
Advait Techserve (India) Pvt Ltd is compared with the companies closest to it by revenue in the Business Services industry (Facility Management Services, 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 |
|---|---|---|---|---|---|---|
| Tasc Business Solutions Private Limited | ₹23.71 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bangalore, Karnataka, India |
| Kalibre Global Konnects Private Limited | ₹23.7 Cr (FY 2025) | •••• | •••• | 87.0% | •••• | Ahmedabad, Gujarat, India |
| Rang Infosoft Private Limited | ₹23.66 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Ahmedabad, Gujarat, India |
| Radram Quality Services Private Limited | ₹23.65 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
| Target Hospitality Private Limited | ₹23.64 Cr (FY 2017) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Advait Techserve (India) Pvt Ltd this company | ₹23.63 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Mumbai, Maharashtra, India |
| Pranetra Manpower Solutions Private Limited | ₹23.59 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Vital Facilities Private Limited | ₹23.55 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Vadodara, Gujarat, India |
| Visioncare Services Private Limited | ₹23.52 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Shantigram Utility Services Private Limited | ₹23.51 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Ahmedabad, Gujarat, India |
| Ryan Alloys Private Limited | ₹23.48 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Advait Techserve (India) by revenue in the Business Services industry (Facility Management Services, 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 Advait Techserve (India) Pvt Ltd
Advait Techserve (India) Pvt Ltd is audited by HIREN SHAH AND COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HIREN SHAH AND COMPANY | 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 Advait Techserve (India) Pvt Ltd
Advait Techserve (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Binay Shankar Verma | Director | 12 Jun 2019 | 7 Years 3 Months | Current |
| Ajay Baidyanath Verma | Director | 25 Jan 2006 | 20 Years 8 Months | Current |
Ownership and Shareholding of Advait Techserve (India) Pvt Ltd
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 Advait Techserve (India) Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jun 2025 | Hdfc Bank Limited | ₹27.65 Lakh | Open |
| 25 Apr 2025 | Hdfc Bank Limited | ₹29.05 Lakh | Open |
| 03 May 2024 | Standard Chartered Bank | ₹2.2 Cr | Open |
| 23 Nov 2023 | Hdfc Bank Limited | ₹1.5 Cr | Open |
| 18 Mar 2013 | Hdfc Bank Limited | ₹2.34 Cr | Open |
Total charge records: 6 View all charges
Legal Cases of Advait Techserve (India) Pvt Ltd
Advait Techserve (India) Pvt Ltd has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
Full case history
All 1 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.
MSME Payment Delays by Advait Techserve (India) Pvt Ltd
Advait Techserve (India) Pvt Ltd has 9 MSME Form 1 returns on record between 2020 and 2024, listing 118 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kapasi Consultancy Service | •••• | •••• | •••• |
| Nine NX Global Private Limited | •••• | •••• | •••• |
| RBG Enterprises | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Transovative Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Advait Techserve (India) Pvt Ltd
Advait Techserve (India) operates one associated brand: Advait Techserve. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides end-to-end remote team management and outsourcing solutions for businesses. | advaittechserve.in |
Employees and EPFO Compliance at Advait Techserve (India) Pvt Ltd
Advait Techserve (India) Pvt Ltd has a workforce of 312 employees as of Apr 08, 2024.
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 Advait Techserve (India) Pvt Ltd
Advait Techserve (India) Pvt Ltd has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Binay Shankar Verma ceased to be Additional Director on 30 Sep 2019.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Advait Techserve (India) Pvt Ltd
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.
Subsidiaries & Group Companies of Advait Techserve (India) Pvt Ltd
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 Advait Techserve (India) Pvt Ltd
Advait Techserve (India) has 20 GST registrations: 20 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA6144F1ZU | Maharashtra | Active | 01 Jul 2017 |
| 04AAFCA6144F1Z2 | Chandigarh | Active | 01 Aug 2017 |
| 06AAFCA6144F1ZY | Haryana | Active | 01 Aug 2017 |
| 09AAFCA6144F1ZS | Uttar Pradesh | Active | 01 Aug 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 Advait Techserve (India) Pvt Ltd
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 Advait Techserve (India) Pvt Ltd
Advait Techserve (India) is an active private 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 19 January 2006 (20+ years old) and is registered under CIN U74140MH2006PTC159256.
Advait Techserve (India) reported revenue of ₹23.63 Cr for FY 2024 (down 18% YoY).
Advait Techserve (India) has 2 current directors:
- Binay Shankar Verma - Director
- Ajay Baidyanath Verma - Director
Advait Techserve (India) reported a net profit of ₹46.39 Lakh (net margin 2%) and EBITDA of ₹1.4 Cr (EBITDA margin 5.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Advait Techserve (India) is -5% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Advait Techserve (India) is 27AAFCA6144F1ZU, registered in Maharashtra. The company has 20 GST registrations in all, of which 20 are active. Other active GSTINs include 04AAFCA6144F1Z2 (Chandigarh), 06AAFCA6144F1ZY (Haryana), 09AAFCA6144F1ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Advait Techserve (India) is U74140MH2006PTC159256. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advait Techserve (India) has 1 court case on record: 1 filed against it.
Advait Techserve (India) was incorporated on 19 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Advait Techserve (India) by revenue are Tasc Business Solutions Private Limited, Kalibre Global Konnects Private Limited, Rang Infosoft Private Limited, Radram Quality Services Private Limited, Target Hospitality Private Limited and 5 more, all in the Business Services industry (Facility Management Services, HR Outsourcing).
Binay Shankar Verma ceased to be Additional Director on 30 Sep 2019. Shikha Verma ceased to be Director on 25 Jun 2019. Binay Shankar Verma was appointed as Director on 12 Jun 2019. Advait Techserve (India) has 6 board changes on record in total.
Advait Techserve (India) has 9 MSME Form 1 returns on record between 2020 and 2024, listing 118 overdue payments to 12 micro and small suppliers. The latest return was filed on 30 Apr 2024.