Innovsource Services

Mumbai, India Founded: 2004 • Age: 22 yrs Acquired By Samara Capital
Provider of recruitment services
Annual revenue $218.7M Latest available
Total funding - Funding intelligence
Employees 66976 Tracked headcount
Investors 3 Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

About Innovsource Services

Innovsource Services is a company based in Mumbai (India) founded in 2004 was acquired by Samara Capital in July 2018. The company has 66,976 employees as of April 08, 2024. Innovsource Services offers products and services including Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management. Innovsource Services operates in a competitive market with competitors including ADP, CIEL HR, SILA, Bullhorn and Colliers, among others.

  • Headquarter Mumbai, India
  • Employees 66976 as on 08 Apr, 2024
  • Sectors
    Business Services
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Innovsource Services Pvt. Ltd.
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Business Services → Workforce & Human Resource Solutions Unlock Sub-Sector Unlock Segment
Business Services → Facility, Security & Field Operations Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $218.73 M (USD)
    14.5
    as on Mar 31, 2023
  • Net Profit
    $581.1 K (USD)
    -76.27
    as on Mar 31, 2023
  • EBITDA
    $3.04 M (USD)
    9.26
    as on Mar 31, 2023
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    66976

    as on Apr 08, 2024

  • Acquired by
    Samara Capital

    (Jul 10, 2018)

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Products & Services of Innovsource Services

Innovsource Services offers a comprehensive portfolio of products and services, including Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management.

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Primary

Provides temporary workforce solutions for business needs

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Offers hiring solutions for permanent roles

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Manages infrastructure and support services for organizations

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Handles payroll processing and compliance tasks

Funding Insights of Innovsource Services

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Detailed funding history for Innovsource Services

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Investors in Innovsource Services

Innovsource Services has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, Samara Capital and Janchor Partners.

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Venture Fund
Investor Description Founded Year Domain Location
Investment banking services are delivered across multiple financial sectors.
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Private equity investments are managed across multiple sectors.
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Janchor Partners is engaged in industrialist investing and research.
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Investor details for Innovsource Services

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Investments & Acquisitions by Innovsource Services

Investments
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Investment portfolio details for Innovsource Services

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Financial Statements - Innovsource Services

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Detailed financials for Innovsource Services

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Innovsource Services Comparisons

Innovsource Services Primary company
Description
Provider of recruitment services
Location
Mumbai, India
Founded Year
2004
Annual Revenue
$218.73 M (USD)
Net Profit
$581.1 K (USD)
EBITDA
$3.04 M (USD)
Employees
66,976
As of 2024
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Peer comparison for Innovsource Services

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Competitors of Innovsource Services

Innovsource Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ADP, CIEL HR, SILA, Bullhorn and Colliers, among others.

Company Name Domain Founded year HQ Location Description
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Cloud-based HR management solutions are offered for payroll and compliance.
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HR management, recruitment, and staffing services are provided.
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Provider of facility & project management, advisory, general contracting, and real estate development services
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Cloud-based ATS and CRM systems are offered for staffing agencies.
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Provider of diversified professional and investment management services
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End-to-end HR services are provided to various organizations.
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Detailed competitors of Innovsource Services

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Latest news on Innovsource Services

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Complete news archive for Innovsource Services

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Frequently Asked Questions about Innovsource Services

Innovsource Services was founded in 2004.

Innovsource Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Manmeet Singh is the current CEO of Innovsource Services.

As of Apr 08, 2024, the latest employee count at Innovsource Services is 66,976.

Annual revenue of Innovsource Services is $218.73M as on Mar 31, 2023.

Provider of recruitment services. Its services span across general staffing, integrated facility management, apprenticeships, managed services, assessment, selection, onboarding, permanent staffing, skill development, Payroll Management, Manpower Outsourcing, and HR technology services.

Innovsource Services's top competitors include CIEL HR, SILA and Bullhorn.

Innovsource Services offers Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management.

Innovsource Services has 3 investors. Key investors include Goldman Sachs, Samara Capital, and Janchor Partners.

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