About Panacea Services
Panacea Services is a Business Services company based in Bengaluru (India) founded in 1995. It delivers comprehensive HR solutions, including recruitment and payroll management services. It operates on a B2B model. The company has 187 employees. Its Indian entity Panacea Facilities Private Limited reported revenue of ₹5.89 Cr. Its focus areas include Professional Services, Human Resources, Recruitment and Payroll and HR Management. Its competitors include Quess and CIEL HR; 1 of its 2 listed competitors has raised funding.
Company details
Panacea Services, based in Bengaluru, focuses on providing professional services, managing HR solutions, recruitment and payroll, and handling HR operations. Delivers comprehensive HR solutions, including recruitment and payroll management services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Bengaluru, India
- Employees 187
- SectorsBusiness Services
- Website panaceaservices.in
- Legal Name Panacea Facilities Private Limited
- Date of Incorporation 23 Apr, 2007
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.89 Cr
FY 2022 · +42% YoY
- Net Profit₹12.8 Lakh
FY 2022 · 2% margin
- EBITDA₹28 Lakh
FY 2022 · 5% margin
- Employee Count187
Associated legal entities of Panacea Services
Panacea Services is associated with 2 registered companies on The Company Check; the primary company is Panacea Facilities Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Panacea Facilities Private Limited CIN U74990KA2007PTC042583 | Active | 23 Apr 2007 | Bangalore, Karnataka | ₹5.9 Cr | 187 | 3 | View details |
| Panacea Pvt Ltd CIN U24232OR1982PTC001082 | Active | 09 Jul 1982 | Cuttack, Odisha | 2 | View details |
Board of directors of Panacea Facilities Private Limited (Panacea Services)
Panacea Facilities Private Limited is the primary company behind Panacea Services. The boards of the 2 registered companies of Panacea Services currently have 5 directors; the longest-serving is Kamal Agarwal, appointed in 1988. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kamal Agarwal DIN 00302518 | Director | 12 Mar 1988 | 38 yrs 7 mo | Panacea Pvt Ltd |
| Manisha Agarwal DIN 00302613 | Director | 19 Jan 2001 | 25 yrs 9 mo | Panacea Pvt Ltd |
| Ramalingam Renuka DIN 02591323 | Director | 23 Apr 2007 | 19 yrs 6 mo | Panacea Facilities Private Limited |
| Ramani Bai DIN 02591362 | Director | 23 Apr 2007 | 19 yrs 6 mo | Panacea Facilities Private Limited |
| Selvaraj David DIN 06930739 | Director | 22 Jul 2014 | 12 yrs 3 mo | Panacea Facilities Private Limited |
Financials of Panacea Services
Figures of Panacea Facilities Private Limited, the primary company behind Panacea Services, for FY 2022. Revenue was ₹5.89 Cr (+42% year on year). Net profit was ₹12.8 Lakh (2% margin). EBITDA was ₹28 Lakh (5% margin). Revenue has grown at a compounded annual rate of +29% over three years and +18% over five years.
- ₹5.89 CrRevenue · FY 2022 · +42% YoY
- ₹12.8 LakhNet profit · 2% margin
- ₹28 LakhEBITDA · 5% margin
- ₹1 LakhPaid-up capital
- 187Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Panacea Facilities Private Limited are on its company page.
Detailed financial statements for Panacea Services
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Verified entity values are shown only after access is granted.
Competitors of Panacea Services
Panacea Services has 2 listed competitors in our database, 1 of them funded. They include Quess and CIEL HR.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quesscorp.com | 2007 | Bengaluru, India | 1,860 | Provider of outsourcing and business services | ||
| cielhr.com | 2015 | Bengaluru, India | $7.59M | 1,034 | HR management, recruitment, and staffing services are provided. |
Detailed competitors of Panacea Services
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Verified entity values are shown only after access is granted.
Top companies in Human Resource & Staffing Services
2 companies that operate in the same segment as Panacea 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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Frequently Asked Questions about Panacea Services
Panacea Services was founded in 1995.
Panacea Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Panacea Services has 187 employees.
The primary company behind Panacea Services, Panacea Facilities Private Limited, reported revenue of ₹5.89 Cr for FY 2022, up 42% year on year.
Panacea Services, based in Bengaluru, focuses on providing professional services, managing HR solutions, recruitment and payroll, and handling HR operations. Delivers comprehensive HR solutions, including recruitment and payroll management services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Panacea Services is associated with 2 legal entities: Panacea Facilities Private Limited, Panacea Pvt Ltd.
The legal entities of Panacea Services currently have 5 directors, including Ramalingam Renuka, Ramani Bai, Selvaraj David and others.