HGM Limited

Pune, India Founded: 1989 • Age: 37 yrs Listed
Acquisitions are targeted by this private equity firm in investments.

About HGM Limited

HGM Limited is a publicly listed company based in Pune (India) founded in 1989. Acquisitions are targeted by this private equity firm in investments. It operates on a AI-as-a-Service and Managed Services model. The company has 26 employees. Its Indian entity Handson Global Management (Hgm) Limited reported revenue of β‚Ή62.96 Cr. HGM Limited offers products and services including AI-Driven Healthcare Services and Business Process Management. Its focus areas include Technology, Healthcare Technology, AI Healthcare Solutions and Services.

Company details

HGM Limited is engaged in delivering scalable, technology-driven solutions across high-growth sectors like healthcare and business services. Operations are centered on AI-led automation in revenue cycle management, medical coding, ambient listening, and healthcare analytics. The company is recognized for building a category-leading platform across North America, APAC, and the Middle East. Strategic investments and operational expertise are combined to ensure sustainable growth and long-term shareholder value. Expansion into high-potential geographies is prioritized alongside innovation and enterprise transformation.

  • Headquarters Pune, India
  • Employees 26
  • Stage Public
  • Sectors
    Financial Services
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website hovsltd.com
  • Social LinkedIn
  • Legal Name Handson Global Management (Hgm) Ltd
Key Metrics
  • Market Cap
    ₹51.48 Cr

    HGM · NSE

  • Share Price
    ₹40.87

    -0.22% today

  • Revenue
    ₹59.48 Cr

    FY 2025-26 · +164.7% YoY

  • EBITDA
    −₹0.98 Cr

    Margin -1.6%

  • Net Profit
    −₹3.06 Cr

    FY 2025-26 · -172.5% YoY

  • ROE
    -13.7%

    ROCE -0.4%

  • Debt / Equity
    0.16

    Interest cover -30.2x

  • Employee Count
    26

Products & Services of HGM Limited

HGM Limited offers a comprehensive portfolio of products and services, including AI-Driven Healthcare Services and Business Process Management.

AI-Driven Healthcare Services
Healthcare Technology

Healthcare solutions are powered by AI for efficiency.

Business Process Management
Business Services

Operational processes are managed for enterprise transformation outcomes.

Board of directors of Handson Global Management (Hgm) Limited (HGM Limited)

Handson Global Management (Hgm) Limited is the primary company behind HGM Limited. The board of Handson Global Management (Hgm) Limited currently have 5 directors; the longest-serving is Sunil Vasant Rajyadhyaksha, appointed in 1989. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sunil Vasant Rajyadhyaksha
DIN 00011683
Whole-time director10 Jan 198937 yrs 9 moHandson Global Management (Hgm) Limited
Harjit Singh Anand
DIN 01549385
Director05 Jul 20188 yrs 4 moHandson Global Management (Hgm) Limited
Parvinder Chadha
DIN 00018468
Whole-time director11 Nov 20223 yrs 11 moHandson Global Management (Hgm) Limited
Bhavana Sharma
DIN 11342738
Director15 Oct 20251 yrHandson Global Management (Hgm) Limited
Kesavan Nair Padmanabhan
DIN 11590183
Director07 Mar 20268 moHandson Global Management (Hgm) Limited

People of HGM Limited

10 people are tracked at HGM Limited (6 in leadership, 4 in board & advisors); the tracked headcount is 26.

NameRoleGroup
Nilesh Bafna
Chief Financial OfficerLeadership
Sunil Rajadhyaksha
Executive DirectorLeadership
Executive ChairmanLeadership
Executive DirectorLeadership
Independent DirectorLeadership
Bhuvanesh Sharma
VP, Corporate Affairs, Company Secreatary & Compliance OfficerLeadership
James Reynolds
Board MemberBoard & advisors
Board MemberBoard & advisors
Lakshmi Kumar
Board MemberBoard & advisors
Ajay Puri
Board MemberBoard & advisors
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Complete people profiles for HGM Limited

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IPO & Listings of HGM Limited

HGM Limited is a publicly listed company on the NSE with ticker symbol HGM in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date27 Sep 2006
  • Listed onBSE: 532761 · NSE: HOVS
  • Listed entityHandsOn Global Management (HGM) Ltd
  • Exchange sectorTechnology services
  • ISININE596H01014
  • Share price₹41.42 (+5.85% on the day) · 2026-10-14
  • Market capitalisation₹49.8 Cr
  • Price to earnings18.0
  • EPS (diluted, trailing year)₹-5.43
  • Volume (last session)6,640

Financials of HGM Limited

Exchange-reported figures of Handson Global Management (Hgm) Limited, the listed company behind HGM Limited (NSE: HGM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹59.48 Cr
+164.7% YoY
EBITDA
−₹0.98 Cr
-126.7% YoY
Profit After Tax
−₹3.06 Cr
-172.5% YoY
Net Worth
₹35.67 Cr
+48.3% YoY
Total Assets
₹43.89 Cr
+72.4% YoY
Total Debt
₹8.22 Cr
+483.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue59.4822.4716.1212.0610.069.6610.97
Revenue growth+164.7%+39.4%+33.7%+19.9%+4.1%-11.9%-
EBITDA(0.98)3.672.702.402.402.361.52
EBITDA margin-1.7%+16.3%+16.8%+19.9%+23.9%+24.4%+13.9%
Profit before tax(1.22)4.783.705.543.043.341.49
Net profit(3.06)4.222.694.512.162.590.67
Net profit margin-5.1%+18.8%+16.7%+37.4%+21.5%+26.8%+6.1%
EPS (β‚Ή)(2.42)3.352.133.631.712.040.53
Balance sheet
Total assets43.8925.4623.8924.0133.0198.9138.10
Net worth35.6724.0622.8522.5929.9695.9433.74
Total debt8.221.411.051.423.062.983.64
Cash & bank6.577.5611.018.914.747.013.68
Net working capital7.629.378.011.99(1.80)0.60(3.05)
Cash flow
Cash from operations(4.48)(0.64)(3.42)2.19(0.11)1.67(2.61)
Cash from investing0.641.183.462.611.190.88(10.84)
Cash from financing6.08(0.89)(0.50)(1.29)(2.09)(2.12)8.36
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10.8012.6714.2518.9513.615.515.805.58
Revenue growth (YoY)-20.7%+130.0%+145.7%+239.6%+144.3%---
Other income0.291.490.660.810.520.440.920.48
EBITDA(1.18)(2.04)(2.41)1.092.381.020.850.89
EBITDA margin-10.9%-16.1%-16.9%+5.8%+17.5%+18.5%+14.7%+15.9%
Depreciation0.800.810.800.600.410.250.250.25
Interest0.500.430.440.140.080.040.040.05
Profit before tax(2.19)(1.79)(2.99)1.162.411.171.481.07
Tax(0.12)0.370.130.660.68(0.15)0.140.28
Net profit(2.07)(2.16)(3.12)0.501.731.321.340.79
EPS (β‚Ή)(1.64)(1.71)(2.48)0.391.371.051.050.63
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue56.7622.4716.1212.0610.069.6610.97
Revenue growth+152.6%+39.4%+33.7%+19.9%+4.1%-11.9%-
EBITDA7.293.692.692.40(63.68)2.35(58.39)
EBITDA margin+12.8%+16.4%+16.7%+19.9%-633.0%+24.3%-532.3%
Profit before tax7.454.805.723.58(63.05)63.26(57.88)
Net profit5.624.233.002.563.032.531.17
Net profit margin+9.9%+18.8%+18.6%+21.2%+30.1%+26.2%+10.7%
EPS (β‚Ή)4.463.353.752.08(50.76)49.65(46.63)
Balance sheet
Total assets45.5233.2028.7224.4823.5587.3926.26
Net worth37.3131.8027.6823.0720.4984.4221.89
Total debt8.221.411.051.423.062.983.65
Cash & bank2.987.5110.974.812.855.152.57
Net working capital27.3419.2717.679.476.969.047.06
Cash flow
Cash from operations1.50(0.64)(1.33)2.10(0.11)1.67(2.64)
Cash from investing0.011.183.680.611.170.950.76
Cash from financing(2.80)(0.89)(0.50)(1.29)(2.09)(2.12)(2.01)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9.8011.6512.9718.5313.615.515.805.58
Revenue growth (YoY)-28.0%+111.4%+123.6%+232.1%+144.3%---
Other income0.291.490.660.810.520.440.920.48
Total expenses9.4410.2312.0915.9411.234.494.954.69
EBITDA0.361.420.882.592.381.020.850.89
EBITDA margin+3.7%+12.2%+6.8%+14.0%+17.5%+18.5%+14.7%+15.9%
Depreciation0.800.810.800.600.410.250.250.25
Interest0.280.220.230.140.080.040.040.05
Profit before tax(0.43)1.880.512.662.411.171.481.07
Tax(0.12)0.370.130.660.68(0.15)0.140.28

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10.8012.6714.2518.9513.615.515.805.58
Revenue growth (YoY)-20.7%+130.0%+145.7%+239.6%+144.3%---
Other income0.291.490.660.810.520.440.920.48
EBITDA(1.18)(2.04)(2.41)1.092.381.020.850.89
EBITDA margin-10.9%-16.1%-16.9%+5.8%+17.5%+18.5%+14.7%+15.9%
Depreciation0.800.810.800.600.410.250.250.25
Interest0.500.430.440.140.080.040.040.05
Profit before tax(2.19)(1.79)(2.99)1.162.411.171.481.07
Tax(0.12)0.370.130.660.68(0.15)0.140.28
Net profit(2.07)(2.16)(3.12)0.501.731.321.340.79
EPS (β‚Ή)(1.64)(1.71)(2.48)0.391.371.051.050.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue59.4822.4716.1212.0610.069.6610.97
Revenue growth+164.7%+39.4%+33.7%+19.9%+4.1%-11.9%-
Other income3.482.281.763.901.351.721.24
Total expenses60.4618.8013.429.667.667.309.45
Employee cost50.1617.1412.098.166.265.816.78
EBITDA(0.98)3.672.702.402.402.361.52
EBITDA margin-1.7%+16.3%+16.8%+19.9%+23.9%+24.4%+13.9%
Depreciation2.631.000.630.600.620.620.55
Interest1.090.170.130.160.090.120.72
Profit before tax(1.22)4.783.705.543.043.341.49
Tax1.830.571.010.970.870.750.82
Net profit(3.06)4.222.694.512.162.590.67
Net profit margin-5.1%+18.8%+16.7%+37.4%+21.5%+26.8%+6.1%
EPS (β‚Ή)(2.42)3.352.133.631.712.040.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.8812.6012.6012.6012.6012.5912.59
Reserves & surplus7.7911.4610.259.9917.3683.3521.15
Shareholders' funds (net worth)35.6724.0622.8522.5929.9695.9433.74
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.692.043.23
Unsecured loans8.221.411.051.422.370.940.41
Total debt8.221.411.051.423.062.983.64
Total liabilities43.8925.4623.8924.0133.0198.9138.10
Assets
Gross block44.1216.0114.9014.8914.8312.8812.60
Net block34.979.499.5710.3810.989.8210.31
Capital work in progress0.000.000.000.000.000.000.00
Investments0.002.174.817.0018.0991.8926.59
Inventories0.000.000.000.000.000.000.00
Sundry debtors27.7715.338.286.105.204.955.82
Cash & bank balances6.577.5611.018.914.747.013.68
Loans & advances2.320.550.520.640.520.751.01
Total current assets36.6623.4419.8115.6510.4612.7110.51
Total current liabilities29.0414.0711.8013.6612.2612.1113.56
Net working capital7.629.378.011.99(1.80)0.60(3.05)
Total assets43.8925.4623.8924.0133.0198.9138.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.044.394.851.342.341.917.01
Net cash from operating activities(4.48)(0.64)(3.42)2.19(0.11)1.67(2.61)
Net cash from investing activities0.641.183.462.611.190.88(10.84)
Net cash from financing activities6.08(0.89)(0.50)(1.29)(2.09)(2.12)8.36
Net change in cash2.24(0.36)(0.46)3.51(1.01)0.43(5.09)
Closing cash6.577.5611.018.914.747.013.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+164.7%+39.4%+33.7%+19.9%+4.1%-11.9%-
EBITDA growth-126.7%+35.9%+12.5%0.0%+1.7%+55.3%-
PBT growth-+29.2%-33.2%+82.2%-9.0%+124.2%+119.1%
Net income growth-172.5%+56.9%-40.4%+108.8%-16.6%+286.6%-
Revenue CAGR (3Y)+70.2%+30.7%+18.6%+3.2%-1.5%-10.8%-10.8%
EBITDA CAGR (3Y)-+15.2%+4.6%+16.5%+112.5%+127.7%+179.0%
Profitability & leverage
Net income margin-5.1%+18.7%+16.7%+37.9%+21.6%+26.8%+6.1%
Return on capital employed-0.4%+20.1%+16.0%+20.0%+4.7%+5.0%+0.9%
Return on net worth-13.7%+18.0%+11.8%+17.4%+3.4%+4.0%+0.3%
Debt / equity0.160.050.050.090.050.050.02
Long-term debt / equity0.110.030.040.060.020.020.01
Interest cover-30.196.376.288.895.066.9074.23
Efficiency & per share
Fixed asset turnover1.981.451.080.810.730.760.86
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover2.761.902.242.131.981.792.54
EPS (β‚Ή)(2.42)3.352.133.631.712.040.53
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)16.1919.1018.1417.9423.7876.2126.80
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9.8011.6512.9718.5313.615.515.805.58
Revenue growth (YoY)-28.0%+111.4%+123.6%+232.1%+144.3%---
Other income0.291.490.660.810.520.440.920.48
Total expenses9.4410.2312.0915.9411.234.494.954.69
EBITDA0.361.420.882.592.381.020.850.89
EBITDA margin+3.7%+12.2%+6.8%+14.0%+17.5%+18.5%+14.7%+15.9%
Depreciation0.800.810.800.600.410.250.250.25
Interest0.280.220.230.140.080.040.040.05
Profit before tax(0.43)1.880.512.662.411.171.481.07
Tax(0.12)0.370.130.660.68(0.15)0.140.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue56.7622.4716.1212.0610.069.6610.97
Revenue growth+152.6%+39.4%+33.7%+19.9%+4.1%-11.9%-
Other income3.462.283.791.941.3461.651.22
Total expenses49.4718.7813.439.6673.747.3169.36
Employee cost44.6417.1412.098.166.265.816.78
EBITDA7.293.692.692.40(63.68)2.35(58.39)
EBITDA margin+12.8%+16.4%+16.7%+19.9%-633.0%+24.3%-532.3%
Depreciation2.631.000.630.600.620.620.55
Interest0.670.170.130.160.090.120.16
Profit before tax7.454.805.723.58(63.05)63.26(57.88)
Tax1.830.571.010.970.870.750.82
Net profit5.624.233.002.563.032.531.17
Net profit margin+9.9%+18.8%+18.6%+21.2%+30.1%+26.2%+10.7%
EPS (β‚Ή)4.463.353.752.08(50.76)49.65(46.63)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.6012.6012.6012.6012.6012.5912.59
Reserves & surplus24.7119.2015.0810.477.8971.839.30
Shareholders' funds (net worth)37.3131.8027.6823.0720.4984.4221.89
Secured loans0.000.000.000.000.692.043.65
Unsecured loans8.221.411.051.422.370.940.00
Total debt8.221.411.051.423.062.983.65
Total liabilities45.5233.2028.7224.4823.5587.3926.26
Assets
Gross block26.1216.1015.0014.8914.8312.8812.60
Net block16.879.499.5710.3810.989.8210.31
Capital work in progress0.000.000.000.000.000.000.00
Investments0.010.000.000.000.0066.085.39
Inventories0.000.000.000.000.000.000.00
Sundry debtors30.1815.338.286.105.204.955.82
Cash & bank balances2.987.5110.974.812.855.152.57
Loans & advances0.840.560.530.610.470.640.94
Total current assets34.0023.4019.7811.528.5210.749.33
Total current liabilities6.664.132.112.051.561.702.27
Net working capital27.3419.2717.679.476.969.047.06
Total assets45.5233.2028.7224.4823.5587.3926.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.994.352.501.082.101.615.49
Net cash from operating activities1.50(0.64)(1.33)2.10(0.11)1.67(2.64)
Net cash from investing activities0.011.183.680.611.170.950.76
Net cash from financing activities(2.80)(0.89)(0.50)(1.29)(2.09)(2.12)(2.01)
Net change in cash(1.30)(0.36)1.851.42(1.03)0.50(3.89)
Closing cash2.987.5110.974.812.855.152.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+152.6%+39.4%+33.7%+19.9%+4.1%-11.9%-
EBITDA growth+97.6%+37.2%+12.1%+103.8%-2809.8%+104.0%-
PBT growth+55.2%-16.1%+59.8%+9998.0%-+9998.0%-
Net income growth+32.9%+41.0%+17.2%-15.5%+19.8%+116.2%-
Revenue CAGR (3Y)+67.6%+30.7%+18.6%+3.2%-1.5%-8.4%-7.0%
EBITDA CAGR (3Y)+44.8%-+4.6%----
Profitability & leverage
Net income margin+9.9%+18.8%+29.2%+21.6%-635.4%+647.1%-535.1%
Return on capital employed+9.9%+6.3%+4.8%+7.3%0.0%+4.7%0.0%
Return on net worth+7.3%+5.5%+3.9%+5.3%0.0%+4.7%0.0%
Debt / equity0.140.040.050.100.060.060.08
Long-term debt / equity0.090.020.030.070.030.030.05
Interest cover14.386.326.318.89-0.146.94-0.27
Efficiency & per share
Fixed asset turnover2.691.451.080.810.730.760.93
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover2.491.902.242.131.981.792.54
EPS (β‚Ή)4.463.353.752.08(50.76)49.65(46.63)
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)29.6225.2421.9718.3116.2667.0617.39

Web traffic of HGM Limited

The website of HGM Limited (hovsltd.com) receives about 1.3K visits a month.

  • Monthly visits
    1.3K

    ▼ 20.6% vs previous month

Similar websites

Websites whose visitors overlap most with HGM Limited. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
sourcehov.com
23%
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Frequently Asked Questions about HGM Limited

HGM Limited was founded in 1989.

HGM Limited is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

HGM Limited has 26 employees.

The primary company behind HGM Limited, Handson Global Management (Hgm) Limited, reported revenue of β‚Ή62.96 Cr for FY 2026, up 165% year on year.

HGM Limited is engaged in delivering scalable, technology-driven solutions across high-growth sectors like healthcare and business services. Operations are centered on AI-led automation in revenue cycle management, medical coding, ambient listening, and healthcare analytics. The company is recognized for building a category-leading platform across North America, APAC, and the Middle East. Strategic investments and operational expertise are combined to ensure sustainable growth and long-term shareholder value. Expansion into high-potential geographies is prioritized alongside innovation and enterprise transformation.

HGM Limited offers AI-Driven Healthcare Services and Business Process Management.

Yes, HGM Limited is publicly traded on NSE under the ticker symbol HGM.

HGM Limited operates through Handson Global Management (Hgm) Limited.

The legal entities of HGM Limited currently have 7 directors, including Harjit Singh Anand, Parvinder Chadha, Sunil Vasant Rajyadhyaksha and others.

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