MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0059532
Apal Management Services Private Limited
Apal Management Services Private Limited - business outsourcing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.41 Cr
▲ 20% YoY
Net profit · FY 2025
₹17,095
Net margin 0%
EBITDA · FY 2025
₹6.69 Lakh
EBITDA margin 0.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
22 yrs
Est. 2004
Employees · EPFO
601
Provident fund records
Directors on board
2
As per MCA filings
About Apal Management Services Private Limited
Data last updated:
Apal Management Services 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 20 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2004PTC044149. Its GSTIN is 24AAECA7513P1ZH (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sandip Sitaram Dave and Nehaben Sandipbhai Dave.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.41 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹17,095 (net margin 0%) and EBITDA of ₹6.69 Lakh (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
The company has about 601 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 2 filed against it.
Apal Management Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0059532). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Apal Management Services Private Limited
CIN U74140GJ2004PTC044149
Registration Number 044149
Incorporation Date 20 May 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0059532
Recognitions & Rankings of Apal Management Services
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressBlock A Office No.711 Mondeal Hights, Nr.Panchratna Party Plot S.G.Highway, Ahmedabad, Gujarat, India – 380015
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
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Business Activity of Apal Management Services Private Limited
The main business activity of Apal Management Services 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Apal Management Services Private Limited FY 2025 filings available
Apal Management Services Private Limited reported revenue of ₹18.41 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹18.41 Cr ▲ 20%
Net profit · FY 2025
₹17,095 margin 0%
EBITDA · FY 2025
₹6.69 Lakh margin 0.4%
Compounded Annual Growth Rate (CAGR) of Apal Management Services Private Limited
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 4%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 45%
5 years · compounded
▲ 18%
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 100% 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 Apal Management Services 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 | ₹6.69 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17,095 | •••• | •••• | •••• | •••• |
| 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 Apal Management Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Apal Management Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Apal Management Services Private Limited
Apal Management Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip Sitaram Dave Also directs: SSD Management Services Private Limited | Director | 20 May 2004 | 22 Years 5 Months | Current |
| Nehaben Sandipbhai Dave | Director | 20 May 2004 | 22 Years 5 Months | Current |
Peer Comparison of Apal Management Services Private Limited
Apal Management Services 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 |
|---|---|---|---|---|---|---|
| Samraat Jobs & Manpower India Private Limited | ₹18.48 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Dehradun, Uttarakhand, India |
| Swift Staffing Solutions Private Limited | ₹18.47 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Hyderabad, Telangana, India |
| Guozhong International Private Limited | ₹18.46 Cr (FY 2023) | •••• | •••• | 329.0% | •••• | Bhiwandi, Maharashtra, India |
| Secova Eservices Private Limited | ₹18.44 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Hrihana Homes Private Limited | ₹18.42 Cr (FY 2025) | •••• | •••• | 546.0% | •••• | New Delhi, Delhi, India |
| Apal Management Services Private Limited this company | ₹18.41 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Ahmedabad, Gujarat, India |
| Das Placement Services Private Limited | ₹18.41 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Bhopal, Madhya Pradesh, India |
| Rims Manpower Solutions (India) Private Limited | ₹18.4 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Bangalore, Karnataka, India |
| Unique TFM Services Private Limited | ₹18.39 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Hyderabad, Telangana, India |
| Wenger & Watson Business Systems Private Limited | ₹18.38 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bangalore, Karnataka, India |
| Indihire Private Limited | ₹18.38 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Apal Management Services 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 Apal Management Services Private Limited
Apal Management Services Private Limited is audited by BHADRESH P SONI & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHADRESH P SONI & CO | Locked | Locked | Locked |
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Ownership and Shareholding of Apal Management Services Private Limited
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Charges & Borrowings of Apal Management Services Private Limited
Apal Management Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Apal Management Services Private Limited
Apal Management Services Private Limited has 5 court cases on record: 2 filed against it, 3 where it is another party. All cases are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Total cases
5
Filed against the company
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REF IT) | Company is another party | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Company is another party | Disposed |
| District court, Ahmedabad, Gujarat | Court case (AGRMNT-LC) | Filed against the company by an individual | Disposed |
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Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Apal Management Services Private Limited
Apal Management Services Private Limited has a workforce of 601 employees as of Apr 01, 2024.
Employee count
601
Active EPFO establishments
1
Employee growth
-11.49%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Apal Management Services Private Limited
Apal Management Services Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Nehaben Sandipbhai Dave was appointed as Director on 20 May 2004.
AGM
Apal Management Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Apal Management Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Nehaben Sandipbhai Dave was appointed as Director.
Appointed
Sandip Sitaram Dave was appointed as Director.
Incorporation
20 May 2004
Apal Management Services Private Limited was registered on 20 May 2004 with Roc Ahmedabad & aged 22 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Apal Management Services Private Limited
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MSME Payment Delays by Apal Management Services Private Limited
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Subsidiaries & Group Companies of Apal Management Services Private Limited
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GST Compliance of Apal Management Services Private Limited
Apal Management Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECA7513P1ZH | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Apal Management Services Private Limited
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Frequently Asked Questions about Apal Management Services Private Limited
Apal Management Services 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 20 May 2004 (22+ years old) and is registered under CIN U74140GJ2004PTC044149.
Apal Management Services reported revenue of ₹18.41 Cr for FY 2025 (up 20% YoY).
Apal Management Services has 2 current directors:
- Sandip Sitaram Dave - Director
- Nehaben Sandipbhai Dave - Director
Apal Management Services reported a net profit of ₹17,095 (net margin 0%) and EBITDA of ₹6.69 Lakh (EBITDA margin 0.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Apal Management Services is 4% over three years and -7% over five years. In the latest year (FY 2025) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Apal Management Services is 24AAECA7513P1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Apal Management Services is U74140GJ2004PTC044149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apal Management Services has 5 court cases on record: 2 filed against it.
Apal Management Services was incorporated on 20 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Apal Management Services by revenue are Samraat Jobs & Manpower India Private Limited, Swift Staffing Solutions Private Limited, Guozhong International Private Limited, Secova Eservices Private Limited, Hrihana Homes Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Nehaben Sandipbhai Dave was appointed as Director on 20 May 2004. Sandip Sitaram Dave was appointed as Director on 20 May 2004.