DPIIT recognised startup Government of India
Startup India
Bhalakia Associates Private Limited
Bhalakia Associates Private Limited - business outsourcing in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.45 Cr
▼ 8% YoY
Net profit · FY 2024
₹8.3 Lakh
Net margin 1%
EBITDA · FY 2024
₹26.85 Lakh
EBITDA margin 3.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.15 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
545
Provident fund records
About Bhalakia Associates Private Limited
Data last updated:
Bhalakia Associates Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 30 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U93000HR2019PTC079456. Its GSTIN is 06AAICB3650Q1ZA (Haryana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sagar Yadav and Nikhil Yadav.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. V – 94 Ground Floor Palam Vihar Phase – 1 Main Jahajgarh Road, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.45 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹8.3 Lakh (net margin 1%) and EBITDA of ₹26.85 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The company has about 545 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.15 Cr on record.
Bhalakia Associates Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0014039).
Company details
CIN U93000HR2019PTC079456
Registration Number 079456
Incorporation Date 30 March 2019
ROC Haryana
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-HR-05-0014039
Recognitions & Rankings of Bhalakia Associates
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-HR-05-0014039
Contact details
Bhalakia Associates Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. V – 94 Ground Floor Palam Vihar Phase – 1 Main Jahajgarh Road, Gurgaon, Haryana, India – 122001
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Bhalakia Associates Private Limited, buy the company report.
Comprehensive company report
Bhalakia Associates Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Business activity
The main business activity of Bhalakia Associates is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Bhalakia Associates Private Limited, buy the company report.
Financials of Bhalakia Associates Private Limited
FY 2025 filings availableBhalakia Associates Private Limited reported revenue of ₹8.45 Cr (down 8% YoY) for FY 2024.
Revenue · FY 2024
₹8.45 Cr ▼ 8%
Net profit · FY 2024
₹8.3 Lakh margin 1%
EBITDA · FY 2024
₹26.85 Lakh margin 3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 40%
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA rose 20% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹26.85 Lakh | ||||
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| Net Profit (PAT) | ₹8.3 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Bhalakia Associates Private Limited, buy the company report.
Board of directors of Bhalakia Associates Private Limited
Bhalakia Associates has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagar Yadav | Director | 09 Nov 2020 | 5 Years 11 Months | Current |
| Nikhil Yadav | Additional Director | 07 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Bhalakia Associates Private Limited is audited by AKASH MAHESHWARI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKASH MAHESHWARI & ASSOCIATES | FY 2020 | 029924N |
Shareholding
The shareholding of Bhalakia Associates Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Bhalakia Associates Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2023 | 100809548 | Indian Bank | ₹6.9 Lakh | Open | |
| 08 Jul 2021 | 100471681 | Hdfc Bank Limited | ₹1.08 Cr | Open |
To see the full charge records of Bhalakia Associates Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Bhalakia Associates Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhalakia Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhalakia Associates Private Limited has a workforce of 545 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
545
Active EPFO establishments
2
Employee growth
-24.2%
GST
Bhalakia Associates has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAICB3650Q1ZA | Haryana | Active | 10 Apr 2019 |
To see the full GST registrations and return filing status of Bhalakia Associates Private Limited, buy the company report.
Recent activity
Bhalakia Associates Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Mahender Singh ceased to be Director on 07 Aug 2025.
AGM
Bhalakia Associates Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 108.00 Lakh registered on 08 Jul 2021 with Charge ID 100471681 was modified on 19 Aug 2025.
Ceased
Mahender Singh ceased to be Director.
Appointed
Nikhil Yadav was appointed as Additional Director.
Filing
Bhalakia Associates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Haryana.
Charges
A charge with Indian Bank amounted to Rs. 6.90 Lakh with Charge ID 100809548 was registered on 13 Oct 2023.
Ceased
Kapil Yadav ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 108.00 Lakh with Charge ID 100471681 was registered on 08 Jul 2021.
Ceased
Rohit Kumar ceased to be Director.
Appointed
Sagar Yadav was appointed as Director.
Incorporation
30 Mar 2019
Bhalakia Associates Private Limited was registered on 30 Mar 2019 with Roc Haryana & aged 7 years 7 months as per MCA records.
Frequently asked questions
Bhalakia Associates is an active private limited company based in Gurgaon, Haryana, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 30 March 2019 (7+ years old) and is registered under CIN U93000HR2019PTC079456.
Bhalakia Associates has 2 current directors:
- Sagar Yadav - Director
- Nikhil Yadav - Additional Director
The latest financial statements of Bhalakia Associates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Bhalakia Associates is 06AAICB3650Q1ZA, registered in Haryana.
The CIN (Corporate Identification Number) of Bhalakia Associates is U93000HR2019PTC079456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhalakia Associates was incorporated on 30 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Haryana.
Mahender Singh ceased to be Director on 07 Aug 2025. Nikhil Yadav was appointed as Additional Director on 07 Aug 2025. Kapil Yadav ceased to be Director on 15 Dec 2022. Bhalakia Associates has 5 board changes on record in total.
Yes, Bhalakia Associates is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Bhalakia Associates is registered as a small enterprise under Udyam registration (number: UDYAM-HR-05-0014039).
The registered office of Bhalakia Associates is at Plot No. V – 94 Ground Floor Palam Vihar Phase – 1 Main Jahajgarh Road, Gurgaon, Haryana, India – 122001.