About Crown Solutions
Crown Solutions is a Business Services company based in Chennai (India) founded in 2002, and was acquired by Xalles in January 2021. IT solutions, talent sourcing, and HR services are provided. The company has 753 employees. Crown Solutions has completed 1 acquisition, including Loksa Laevatehase AS. Its chief executive, as recorded, is Suresh kumar. Its Indian entity Crown Solutions India Private Limited reported revenue of ₹50.26 Cr. Crown Solutions offers products and services including Human Capital Solutions, Payroll Services, Statutory Consulting, and Executive Search. Its focus areas include HR Services and End to End Services.
Company details
Crown Solutions was founded in 2002 in Chennai, India, as a provider in the IT and human resources sectors. Operations center on delivering IT solutions for business needs, along with talent sourcing and HR services such as recruitment and workforce management. The company is headquartered in Chennai and serves clients primarily in the Indian market. Leadership is provided by CEO Suresh Kumar, overseeing core activities in technology and personnel support.
- Headquarters Chennai, India
- Employees 753
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website crownsolution.com
- Acquired by Xalles (Jan 2021)
- Legal Name Crown Solutions India Private Limited
- Date of Incorporation 19 Aug, 2002
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹50.26 Cr
FY 2024 · -50% YoY
- Net Profit₹32.8 Lakh
FY 2024 · 1% margin
- EBITDA₹3.98 Cr
FY 2024 · 8% margin
- Investors
- Employee Count753
- Investments & Acquisitions
- Acquired byXalles
(Jan 2021)
Associated legal entities of Crown Solutions
Crown Solutions operates through Crown Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Crown Solutions India Private Limited CIN U74999TN2002PTC049437 | Active | 19 Aug 2002 | Chennai, Tamil Nadu | ₹50.3 Cr | 753 | 2 | View details |
Products & Services of Crown Solutions
Crown Solutions offers a comprehensive portfolio of products and services, including Human Capital Solutions, Payroll Services, Statutory Consulting, and Executive Search.
Provides contingent workforce management and talent sourcing services.
Offers payroll processing and management for businesses.
Assists with corporate compliance and regulatory practices.
Focuses on sourcing executive-level talent for organizations.
Investors in Crown Solutions
Crown Solutions has secured backing from 1 investor. Prominent investors backing the company include Xalles.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fin-tech sector operations are diversified across conglomerate activities by Xalles. | 2009 | xalles.com |
Investor details for Crown Solutions
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Board of directors of Crown Solutions India Private Limited (Crown Solutions)
Crown Solutions India Private Limited is the primary company behind Crown Solutions. The board of Crown Solutions India Private Limited currently have 2 directors; the longest-serving is Sasi Kumaran Nair Suresh Kumar, appointed in 2002. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sasi Kumaran Nair Suresh Kumar DIN 00873687 | Director | 19 Aug 2002 | 24 yrs 2 mo | Crown Solutions India Private Limited |
| Chandrika Sasikumar Sangeetha DIN 02294619 | Director | 19 Aug 2002 | 24 yrs 2 mo | Crown Solutions India Private Limited |
People of Crown Solutions
1 people are tracked at Crown Solutions (1 in leadership); the tracked headcount is 753.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Crown Solutions
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Financials of Crown Solutions
Figures of Crown Solutions India Private Limited, the primary company behind Crown Solutions, for FY 2024. Revenue was ₹50.26 Cr (-50% year on year). Net profit was ₹32.8 Lakh (1% margin). EBITDA was ₹3.98 Cr (8% margin). Revenue has grown at a compounded annual rate of +1% over three years and +2% over five years.
- ₹50.26 CrRevenue · FY 2024 · -50% YoY
- ₹32.8 LakhNet profit · 1% margin
- ₹3.98 CrEBITDA · 8% margin
- ₹10 LakhPaid-up capital
- 753Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Crown Solutions India Private Limited are on its company page.
Detailed financial statements for Crown Solutions
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Investments & Acquisitions by Crown Solutions
Crown Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Loksa Laevatehase AS.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Risk management and compliance services are offered to clients. | ls.ee | Loksa, Estonia | 1905 | Sep 2009 | •••• |
Complete acquisition details for Crown Solutions
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Timeline of Crown Solutions
3 dated milestones of Crown Solutions across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Crown Solutions is founded.
- Acquisition Acquires Loksa Laevatehase AS.
- Exit Acquired by Xalles.
Top companies in Human Resource & Staffing Services
2 companies that operate in the same segment as Crown Solutions (Human Resource & Staffing Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Staffing and recruiting services connect employers with job candidates. | 2000 | Bengaluru, Karnataka, India | USD 28.39 M | USD 1.26 B | 2,470 | |
HR management, recruitment, and staffing services are provided. | 2015 | Bengaluru, Karnataka, India | USD 15.95 M |
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Related news about Crown Solutions
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Frequently Asked Questions about Crown Solutions
Crown Solutions was founded in 2002.
Crown Solutions is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Suresh kumar is the CEO of Crown Solutions, as recorded in our data.
Crown Solutions has 753 employees.
The primary company behind Crown Solutions, Crown Solutions India Private Limited, reported revenue of ₹50.26 Cr for FY 2024, down 50% year on year.
Crown Solutions was founded in 2002 in Chennai, India, as a provider in the IT and human resources sectors. Operations center on delivering IT solutions for business needs, along with talent sourcing and HR services such as recruitment and workforce management. The company is headquartered in Chennai and serves clients primarily in the Indian market. Leadership is provided by CEO Suresh Kumar, overseeing core activities in technology and personnel support.
Crown Solutions offers Human Capital Solutions, Payroll Services, Statutory Consulting, and Executive Search.
Crown Solutions has made 1 acquisition, including Loksa Laevatehase AS.
Crown Solutions has 1 investor. Key investors include Xalles.
Crown Solutions operates through Crown Solutions India Private Limited.
Yes. Crown Solutions was acquired by Xalles in January 2021.
The legal entities of Crown Solutions currently have 2 directors, including Sasi Kumaran Nair Suresh Kumar, Chandrika Sasikumar Sangeetha.