Business Advisory Private Limited
About Business Advisory Private Limited
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Business Advisory Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 30 July 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74110MP1997PTC012181. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Consultancy Servises Private Limited and Gfl Energy Pvt Ltd. It is led by directors Rajesh Khandelwal and Kushal Gaikwad.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Indore, Madhya Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹25.27 Lakh, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹22,853 (net margin 0.9%) and EBITDA of ₹50,729 (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 264% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Business Advisory has undergone 2 name changes throughout its history. The company was previously known as Consultancy Servises Private Limited, and Gfl Energy Pvt Ltd. The current legal name is Business Advisory Private Limited.
| Company Name | Status |
|---|---|
| Business Advisory Private Limited | Current |
| Consultancy Servises Private Limited | Previous |
| Gfl Energy Pvt Ltd | Previous |
CIN history
Business Advisory has one previous CIN (Corporate Identification Number): U40108MP1997PTC012181. The current CIN is U74110MP1997PTC012181, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MP1997PTC012181 | Current |
| U40108MP1997PTC012181 | Previous |
Contact details
Business Advisory Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address405 4th Floor Royal Estate Building 9/2, South Tukoganj, Indore, Madhya Pradesh, India – 452001
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Business Advisory Private Limited, buy the company report.
- 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
Financials of Business Advisory Private Limited
FY 2025 filings availableBusiness Advisory Private Limited reported revenue of ₹25.27 Lakh (up 54% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 264% over five years, including 54% growth in the latest year. EBITDA fell 92% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.27 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50,729 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22,853 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Business Advisory Private Limited, buy the company report.
Board of directors of Business Advisory Private Limited
Business Advisory has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Khandelwal Also directs: Highway Resources LLP, Nirvana Realty Developers LLP, Vedic Resources Private Limited and 5 more | Director | 01 Jun 2024 | 2 Years 5 Months | Current |
| Kushal Gaikwad Also directs: Highway Resources LLP, Nirvana Realty Developers LLP, Vedic Resources Private Limited and 5 more | Director | 20 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Business Advisory Private Limited is audited by Vivek Khandelwal & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vivek Khandelwal & Company | FY 2023 | 421606 |
Shareholding
The shareholding of Business Advisory Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Business Advisory Private Limited, buy the company report.
Legal cases
Business Advisory Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Ms Kalsi Brothers | Disposed |
To see the full case history of Business Advisory Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Business Advisory Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Business Advisory has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Business Advisory Private Limited, buy the company report.
Recent activity
Business Advisory Private Limited has 10 board changes on record since 2018: 2 appointments and 8 cessations. The latest: Rajesh Khandelwal was appointed as Director on 01 Jun 2024.
1 earlier event is in the company report.
Frequently asked questions
Business Advisory is an active private limited company based in Indore, Madhya Pradesh, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 30 July 1997 (29+ years old) and is registered under CIN U74110MP1997PTC012181.
Business Advisory has 2 current directors:
- Rajesh Khandelwal - Director
- Kushal Gaikwad - Director
The latest financial statements of Business Advisory on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
No. Business Advisory has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Business Advisory is U74110MP1997PTC012181. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Business Advisory has 1 court case on record: 1 filed against it.
Business Advisory was incorporated on 30 July 1997, making it 29+ years old. It is registered with the Registrar of Companies, Gwalior.
Rajesh Khandelwal was appointed as Director on 01 Jun 2024. Sourabh Sharma ceased to be Director on 01 Jun 2024. Kushal Gaikwad ceased to be Additional Director on 29 Sep 2023. Business Advisory has 10 board changes on record in total.
The registered office of Business Advisory is at 405 4th Floor Royal Estate Building 92, South Tukoganj, Indore, Madhya Pradesh, India – 452001.
Business Advisory operates in the business outsourcing industry, in the business and IT consulting segment.
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