About Akar HR Management Private Limited
Data last updated:
Akar HR Management Private Limited was a private limited company based in Surat, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 17 December 2013.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74120GJ2013PTC077942. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.7 Lakh. It was formerly known as Akar Human Resource Management Private Limited. It was led by directors Mumtaz Deven Desai and Deven Jayavantlal Desai.
Its last annual general meeting (AGM) was held on 11 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 308 Wood Sqaure Nr. Tgb Restaurant L.P. Savani Road New Adajan, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2023, the company reported a revenue of ₹41.7 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹2.23 Cr (net margin 5.3%) and EBITDA of ₹3.2 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 26% over five years.
The company has about 1,558 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AKAR HR Management. As per MCA filings, the company has satisfied charges of ₹4.65 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 4 cases are pending.
The last known website on record is akarcsms.com.
Company details
Contact details
Akar HR Management Private Limited's registered office is in Surat, Gujarat. Its website is akarcsms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address308 Wood Sqaure Nr. Tgb Restaurant L.P. Savani Road New Adajan, Surat, Gujarat, India – 395009
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management, Business & IT Consulting
To see the full contact details of Akar HR Management 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
Akar HR Management operates one associated brand: AKAR HR Management. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HR management and consulting services focused on organizational development and performance improvement. | akarcsms.com |
Business activity
The main business activities of Akar HR Management are support service to organizations and financial and insurance service. In detail, this covers placement agencies and hr management services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Akar HR Management Private Limited, buy the company report.
Financials of Akar HR Management Private Limited
FY 2023 filings availableAkar HR Management Private Limited reported revenue of ₹41.7 Cr (up 62% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 62% growth in the latest year. EBITDA rose 36% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.23 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Akar HR Management Private Limited, buy the company report.
Board of directors of Akar HR Management Private Limited
Akar HR Management has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mumtaz Deven Desai | Director | 17 Dec 2013 | 12 Years 10 Months | As last reported |
| Deven Jayavantlal Desai | Director | 17 Dec 2013 | 12 Years 10 Months | As last reported |
Auditor
Akar HR Management Private Limited is audited by UDAY P. NANAVATI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UDAY P. NANAVATI & ASSOCIATES | FY 2023 | 0119437W |
Shareholding
The shareholding of Akar HR Management Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akar HR Management Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2020 | 100382744 | Hdfc Bank Limited | ₹3.95 Cr | Satisfied | |
| 13 Mar 2019 | 100246069 | Others | ₹30 Lakh | Satisfied | |
| 05 Oct 2016 | 100053815 | Others | ₹40 Lakh | Satisfied |
To see the full charge records of Akar HR Management Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Akar HR Management Private Limited has 6 court cases on record: 1 filed by Akar HR Management, 5 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Akar HR Management 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
No delayed payments to MSME suppliers are on our record for Akar HR Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akar HR Management Private Limited has a workforce of 1,558 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,558 |
| 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 Akar HR Management Private Limited, buy the company report.
GST
Akar HR Management has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Akar HR Management Private Limited, buy the company report.
Recent activity
Akar HR Management Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Akruti Deven Desai ceased to be Director on 18 Nov 2019.
2 earlier events are in the company report.
Frequently asked questions
Akar HR Management has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Akar HR Management was a private limited company based in Surat, Gujarat, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 17 December 2013 and is registered under CIN U74120GJ2013PTC077942. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Akar HR Management is U74120GJ2013PTC077942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar HR Management had 2 directors:
- Mumtaz Deven Desai - Director
- Deven Jayavantlal Desai - Director
Akar HR Management was incorporated on 17 December 2013. It is registered with the Registrar of Companies, Ahmedabad.
Akar HR Management can be reached through the website akarcsms.com. Its registered office is in Surat, Gujarat, India.
The registered office of Akar HR Management is at 308 Wood Sqaure Nr. Tgb Restaurant L.P. Savani Road New Adajan, Surat, Gujarat, India – 395009.
The latest financial statements of Akar HR Management on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 11 September 2023. Year-wise statements from 2015 are in the company report.
No. Akar HR Management has 1 GST registration on record and it is cancelled or inactive.
Akar HR Management operated in the business outsourcing industry, in the HR outsourcing and talent management segment.
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