About Innovsource Services
Innovsource Services is a Business Services company based in Mumbai (India) founded in 2004, and was acquired by Samara Capital in July 2018. The company has 66,976 employees. Its chief executive, as recorded, is Manmeet Singh. Its Indian entity Innovsource Services Private Limited reported revenue of ₹2,004 Cr. Innovsource Services offers products and services including Temp Staffing, Permanent Recruitment, Facility Management, and Payroll Management. Its focus areas include HR Services, End to End Services, Facility Management Services and Diversified. Its competitors include CIEL HR, SILA and Aparajitha Corporate Services; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 66,976
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website innov.in
- Social LinkedIn X Facebook
- Acquired by Samara Capital (Jul 2018)
- Legal Name Innovsource Services Pvt. Ltd.
- Date of Incorporation 06 Mar, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2,004 Cr
FY 2025 · +10% YoY
- Net Loss-₹85 Lakh
FY 2025 · 0% margin
- EBITDA₹16.69 Cr
FY 2025 · 1% margin
- InvestorsGoldman Sachs
& 2 more
- Employee Count66,976
- Acquired bySamara Capital
(Jul 2018)
Associated legal entities of Innovsource Services
Innovsource Services is associated with 2 registered companies on The Company Check; the primary company is Innovsource Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovsource Services Private Limited CIN U74900MH2016PTC273940 | Active | 06 Mar 2016 | Mumbai, Maharashtra | ₹2,004 Cr | 64,526 | 5 | View details |
| Innovsource Facilities Private Limited CIN U74999MH2017PTC291767 | Active | 28 Feb 2017 | Mumbai, Maharashtra | ₹37.4 Cr | 1,304 | 3 | View details |
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.
Provides temporary workforce solutions for business needs
Offers hiring solutions for permanent roles
Manages infrastructure and support services for organizations
Handles payroll processing and compliance tasks
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Private equity investments are managed across multiple sectors. | samaracapital.com | Mumbai, India | ||
Janchor Partners is engaged in industrialist investing and research. | janchorpartners.com | Hong Kong, Hong Kong |
Investor details for Innovsource Services
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Board of directors of Innovsource Services Private Limited (Innovsource Services)
Innovsource Services Private Limited is the primary company behind Innovsource Services. The boards of the 2 registered companies of Innovsource Services currently have 3 directors; the longest-serving is Nilay Pratik, appointed in 2018. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nilay Pratik DIN 07692750 | Nominee Director | 28 Jun 2018 | 8 yrs 4 mo | Innovsource Facilities Private Limited, Innovsource Services Private Limited |
| Manmeet Singh DIN 07100155 | Director | 19 Sep 2024 | 2 yrs 1 mo | Innovsource Facilities Private Limited, Innovsource Services Private Limited |
| Srinivasan Satish DIN 03542380 | Director | 19 Sep 2024 | 2 yrs 1 mo | Innovsource Facilities Private Limited, Innovsource Services Private Limited |
People of Innovsource Services
1 people are tracked at Innovsource Services (1 in leadership); the tracked headcount is 66,976.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Innovsource Services
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Financials of Innovsource Services
Figures of Innovsource Services Private Limited, the primary company behind Innovsource Services, for FY 2025. Revenue was ₹2,004 Cr (+10% year on year). Net loss was -₹85 Lakh (0% margin). EBITDA was ₹16.69 Cr (1% margin). Revenue has grown at a compounded annual rate of +8% over three years and +6% over five years.
- ₹2,004 CrRevenue · FY 2025 · +10% YoY
- -₹85 LakhNet loss · 0% margin
- ₹16.69 CrEBITDA · 1% margin
- ₹115 CrPaid-up capital
- 64,526Employees (provident fund records)
- +8%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovsource Services Private Limited are on its company page.
Detailed financial statements for Innovsource Services
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Timeline of Innovsource Services
2 dated milestones of Innovsource Services across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Innovsource Services is founded.
- Exit Acquired by Samara Capital.
Competitors of Innovsource Services
Innovsource Services has 3 listed competitors in our database, 3 of them funded. They include CIEL HR, SILA and Aparajitha Corporate Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cielhr.com | 2015 | Bengaluru, India | $7.59M | 1,034 | HR management, recruitment, and staffing services are provided. | |
| silagroup.co.in | 2010 | Mumbai, India | $17.79M | 20,676 | Provider of facility & project management, advisory, general contracting, and real estate development services | |
| aparajitha.com | 2000 | Madurai, India | $29.71M | 1,884 | End-to-end HR services are provided to various organizations. |
Detailed competitors of Innovsource Services
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Web traffic of Innovsource Services
The website of Innovsource Services (innov.in) receives about 9.4K visits a month.
- Monthly visits9.4K
▲ 46.7% vs previous month
Websites whose visitors overlap most with Innovsource Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| promptpersonnel.com | 100% | 15K | #1,646,706 | View details | |
| careerxperts.com | 34% | 13.8K | #1,400,131 | View details | |
| careercomfort.co.in | 30% | #1,653,409 | View details | ||
| btconsultancy.co.in | 28% | 2.8K | #5,716,767 | View details | |
| swastikplacement.in | 26% | 680.7K | #7,545,472 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Innovsource Services
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Top companies in Human Resource & Staffing Services
2 companies that operate in the same segment as Innovsource Services (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 Innovsource Services
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 CEO of Innovsource Services, as recorded in our data.
Innovsource Services has 66,976 employees.
The primary company behind Innovsource Services, Innovsource Services Private Limited, reported revenue of ₹2,004 Cr for FY 2025, up 10% year on year.
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 Aparajitha Corporate Services.
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.
Innovsource Services is associated with 2 legal entities: Innovsource Services Private Limited, Innovsource Facilities Private Limited.
Yes. Innovsource Services was acquired by Samara Capital in July 2018.
The legal entities of Innovsource Services currently have 5 directors, including Manmeet Singh, Nilay Pratik, Srinivasan Satish and others.