About FirstMeridian
FirstMeridian is a Business Services company based in Bengaluru (India) founded in 2018 by Sudhakar Balakrishnan. Provider of recruitment and managed services. FirstMeridian has raised $21.8 million across 3 funding rounds from investors including New Lane Trading, Seedthree Trading and Shalu Jain. The company has 151 employees. FirstMeridian has completed 4 acquisitions, including Affluent GS, CBSI Global and Cornucopia. FirstMeridian was last valued at $113.72 million in February 2022. Its chief executive, as recorded, is Sudhakar Balakrishnan. Its Indian entity Firstmeridian Business Services Limited reported revenue of ₹74.99 Cr. FirstMeridian offers products and services including DigiTrac, Infield, and FM Learn. Its focus areas include HR Services and Recruitment Services.
Company details
FirstMeridian was established in 2018 in Bengaluru, India, within the human resources sector. Recruitment and managed services are delivered by the company, encompassing the full employee lifecycle. Support is extended from initial hiring through to exit processes, with specific inclusions for payroll management and apprentice recruitment. Operations are centered in India, focusing on comprehensive HR solutions for various organizational needs.
- Headquarters Bengaluru, India
- Employees 151
- Founders Sudhakar Balakrishnan
- Stage Minicorn
- SectorsBusiness Services
- Email••••••••
- Website firstmeridian.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Firstmeridian Business Services Limited
- Date of Incorporation 20 Feb, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹74.99 Cr
FY 2025 · +21% YoY
- Net Profit₹48.50 Cr
FY 2025 · 1% margin
- EBITDA₹76.24 Cr
FY 2025 · 2% margin
- Total Equity Funding$21.8M (USD)
in 3 rounds
- Latest Funding Round$15.91M (USD), Series A
Apr 2022
- Employee Count151
- Investments & AcquisitionsAffluent GS
& 3 more
Associated legal entities of FirstMeridian
FirstMeridian operates through Firstmeridian Business Services Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Firstmeridian Business Services Limited CIN U74999MH2018PLC371978 | Active | 20 Feb 2018 | Mumbai, Maharashtra | ₹75.0 Cr | 146 | 8 | View details |
Products & Services of FirstMeridian
FirstMeridian offers a comprehensive portfolio of products and services, including DigiTrac, Infield, and FM Learn.
Mobile app for attendance tracking and employee self-service functions.
App for retail sales tracking and marketing management solutions.
Mobile-enabled platform for online skilling and development programs.
Apps and channels of FirstMeridian
its YouTube channel FirstMeridian has 212 subscribers and 5 videos.
Videos from FirstMeridian
The most watched videos on FirstMeridian's YouTube channel, FirstMeridian (212 subscribers). Click a video to play it here.
More on FirstMeridian.
Funding Insights of FirstMeridian
FirstMeridian has successfully raised a total of $21.8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15.91 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $21.8M
- Total Rounds 3
- Last Round Series A — $15.91M
- First Round $5.15M
(Jul 2018)
- Investors Count 95
All 3 funding rounds of FirstMeridian with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $15.91M | Series A | – | New Lane Trading, Seedthree Trading | |
| Feb 2022 | $742,549 | Series A | $113.72M | Seedthree Trading | – |
| Jul 2018 | $5.15M | Series A | $44.1M | New Lane Trading, Seedthree Trading | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $113.72M | •••••••• |
| Jul 2018 | $44.1M | •••••••• |
Last known valuation $113.72M (Feb 2022). 95 investors in total: 2 institutional and 93 angel.
Investors in FirstMeridian
FirstMeridian has secured backing from 95 investors, including venture fund and angel investors. Prominent investors backing the company include New Lane Trading, Seedthree Trading and Shalu Jain.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| newlanetrading.tcc.mode | ||||
Private equity firm focused on multiple sectors | seedthreetrading.tcc.mode | Hyderabad, India | ||
SJ Shalu Jain | unknown_9b0d838b865d484c9 | |||
VV Vinodh V | unknown_1677829a4ae142bcb | |||
JB Jatin Batla | unknown_a8e0e17708214d569 | |||
MK Manoj Kumar Mishra | unknown_d577dd1d666e4ed89 | |||
TS T Sampath | unknown_8893842892214c8fa | |||
RC Rakshan Chengappa Cd | unknown_61c608de6d664e929 | |||
VK Venkata Krishna M | unknown_a864edc90c564a899 | |||
FD Fayaz Desai | unknown_8db8c8d677574e0a8 |
Investor details for FirstMeridian
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Firstmeridian Business Services Limited (FirstMeridian)
Firstmeridian Business Services Limited is the primary company behind FirstMeridian. The board of Firstmeridian Business Services Limited currently have 6 directors; the longest-serving is Nilay Pratik, appointed in 2018. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nilay Pratik DIN 07692750 | Nominee Director | 21 Mar 2018 | 8 yrs 7 mo | Firstmeridian Business Services Limited |
| Sudhakar Balakrishnan DIN 00062956 | Whole-time director | 21 Mar 2018 | 8 yrs 7 mo | Firstmeridian Business Services Limited |
| Manish Mehta DIN 06442038 | Nominee Director | 11 Sep 2018 | 8 yrs 1 mo | Firstmeridian Business Services Limited |
| Satya Prasan Rajguru DIN 00865254 | Director | 16 Jul 2024 | 2 yrs 3 mo | Firstmeridian Business Services Limited |
| Pranay Luniya DIN 10760439 | Director | 20 Sep 2024 | 2 yrs 1 mo | Firstmeridian Business Services Limited |
| Sanjay Pichholia DIN 07037878 | Director | 20 Sep 2024 | 2 yrs 1 mo | Firstmeridian Business Services Limited |
People of FirstMeridian
43 people are tracked at FirstMeridian (17 in leadership, 26 in team); the tracked headcount is 151.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Akshay Sathe | Business Head - MSP & Allied Services | Leadership |
Hemant Pokharkar | General Manager | Leadership |
Abhilash Jhariya | Associate Vice President | Leadership |
Manush Sethi | Chief Sales Officer (cso) Innov & V5 | Leadership |
Manmeet Singh | Chief Executive Officer | Leadership |
Satish Srinivasan | Group Chief Financial Officer | Leadership |
Gaurav Nandawat | Head Finance - IT Staffing | Business Finance | Leadership |
Satish Kukde | Head Of IT Infrastructure-general Manager And CISO | Leadership |
Mitesh Shah | Vice President - Key Accounts & Managed Services | Leadership |
Ayush Kumar Gupta | Chief Of Staff | Leadership |
Manish Lande | Vice President | Leadership |
Subir Mahapatra | Senior Vice President | Leadership |
Archit Rajesh | Senior Vice President - Technology | Leadership |
Alika Ishtiyaq | HR Business Partner | Leadership |
Newton Prakash S | Head - Industrial Practice | Leadership |
Pravallika Boggarapu | Assistant General Manager | Leadership |
Karuna Nagre | Power BI Developer | Team |
Pradheep Sivamoorthi | Consultant | Team |
Muin Shariff | Senior Data Engineer | Team |
23 more people are available in the full profile.
Complete people profiles for FirstMeridian
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of FirstMeridian
Figures of Firstmeridian Business Services Limited, the primary company behind FirstMeridian, for FY 2025. Revenue was ₹74.99 Cr (+21% year on year). Net profit was ₹48.50 Cr (1% margin). EBITDA was ₹76.24 Cr (2% margin). Revenue has grown at a compounded annual rate of +16% over three years and +16% over five years.
- ₹74.99 CrRevenue · FY 2025 · +21% YoY
- ₹48.50 CrNet profit · 1% margin
- ₹76.24 CrEBITDA · 2% margin
- ₹78.61 CrPaid-up capital
- 146Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Firstmeridian Business Services Limited are on its company page.
Detailed financial statements for FirstMeridian
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by FirstMeridian
FirstMeridian has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Affluent GS, CBSI Global and Cornucopia.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI services are provided by RLABS to various clients. | rlabsglobal.com | Hyderabad, India | 2013 | Feb 2022 | •••• | |
A suite of IT services is provided to global clients. | cbsiglobal.com | Syracuse, United States | 1998 | Oct 2020 | $1.64M | |
HR management services are provided to businesses in India. | cornucopiaasia.com | Bengaluru, India | 2004 | Jul 2020 | •••• | |
IT services including cloud, managed, mobility, and security are provided. | affluentgs.com | Hyderabad, India | 2012 | May 2019 | •••• |
Complete acquisition details for FirstMeridian
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of FirstMeridian
8 dated milestones of FirstMeridian across 4 years, from founding to its latest funding, stage changes and deals.
- Founded FirstMeridian is founded.
- Funding First funding round of $5.1M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Affluent GS.
- Acquisition Acquires Cornucopia.
- Acquisition Acquires CBSI Global.
- Acquisition Acquires RLABS.
- Funding Latest funding round, Series A, of $15.9M.
Web traffic of FirstMeridian
The website of FirstMeridian (firstmeridian.com) receives about 5.4K visits a month.
- Monthly visits5.4K
▲ 4.8% vs previous month
Top companies in Human Resource & Staffing Services
2 companies that operate in the same segment as FirstMeridian (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 Firstmeridian
Complete news archive for FirstMeridian
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Frequently Asked Questions about FirstMeridian
FirstMeridian was founded in 2018.
FirstMeridian is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sudhakar Balakrishnan is the CEO of FirstMeridian, as recorded in our data. They have also founded this company.
FirstMeridian is a funded company, having raised a total of $21.8M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.15M, raised on Jul 2018.
FirstMeridian has 151 employees.
The primary company behind FirstMeridian, Firstmeridian Business Services Limited, reported revenue of ₹74.99 Cr for FY 2025, up 21% year on year.
FirstMeridian was established in 2018 in Bengaluru, India, within the human resources sector. Recruitment and managed services are delivered by the company, encompassing the full employee lifecycle. Support is extended from initial hiring through to exit processes, with specific inclusions for payroll management and apprentice recruitment. Operations are centered in India, focusing on comprehensive HR solutions for various organizational needs.
FirstMeridian offers DigiTrac, Infield, and FM Learn.
FirstMeridian has made 4 acquisitions, including Affluent GS, CBSI Global, and Cornucopia.
FirstMeridian has 95 investors. Key investors include New Lane Trading, Seedthree Trading, Shalu Jain, Vinodh V, and Jatin Batla.
The valuation of FirstMeridian is $113.72M as of Feb 2022.
FirstMeridian operates through Firstmeridian Business Services Limited.