About Buzzworks Business Services Private Limited
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Buzzworks Business Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 30 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2006PTC059363. Its GSTIN is 33AACCB8364P1Z8 (Tamil Nadu). The company holds 15 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.03 Lakh. It is led by directors including Velandai Chandrasekharan Karthic (Managing Director) and Ashish Nanda Pannalal.
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 3rd Floor Of Murugesa Naicker Building Door No.84 Thousand Lights Greams Road, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2024, the company reported a revenue of ₹472.59 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹6.24 Cr (net margin -1.3%) and EBITDA of -₹1.17 Cr (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 11,713 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Buzzworks and Buzzworks. As per MCA filings, the company has open charges of ₹45.96 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 41 cases involving the company, including 30 filed by the company and 11 filed against it; 16 cases are pending. The company has 5 deals on record (2 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹4 Cr; the latest was in April 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website buzzworks.com.
Company details
CIN history
Buzzworks Business Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74999TN2006PTC059363, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999TN2006PTC059363 | Current |
| U72300TN2006PTC059363 | Previous |
| U74120TN2006PTC059363 | Previous |
Contact details
Buzzworks Business Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is buzzworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Of Murugesa Naicker Building Door No.84 Thousand Lights Greams Road, Chennai, Tamil Nadu, India – 600006
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Buzzworks Business Services 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
Brands
Buzzworks Business Services operates two associated brands: buzzworks and Buzzworks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive recruitment services to connect businesses with top talent. | bbspl.in | |
| Recruitment services are provided by Buzzworks in India. | buzzworks.com |
Business activity
The main business activity of Buzzworks Business Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Buzzworks Business Services Private Limited, buy the company report.
Financials of Buzzworks Business Services Private Limited
FY 2025 filings availableBuzzworks Business Services Private Limited reported revenue of ₹472.59 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 130% 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 | -₹1.17 Cr | ||||
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| Net Profit (PAT) | -₹6.24 Cr | ||||
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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 | -0.2% | ||||
| Net Profit Margin | -1.3% | ||||
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To see the full financial statements and ratios of Buzzworks Business Services Private Limited, buy the company report.
Board of directors of Buzzworks Business Services Private Limited
Buzzworks Business Services has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Velandai Chandrasekharan Karthic | Managing Director | 30 Mar 2006 | 20 Years 7 Months | Current |
| Ashish Nanda Pannalal | Director | 20 Aug 2010 | 16 Years 2 Months | Current |
| Sheela Karthic Bharadwaj | Director | 28 Sep 2011 | 15 Years 1 Months | Current |
Auditor
Buzzworks Business Services Private Limited is audited by KRISHAAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHAAN & CO | FY 2023 | 001453S |
Shareholding
The shareholding of Buzzworks Business Services 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 Buzzworks Business Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2022 | 100661180 | Hdfc Bank Limited | ₹68.51 Lakh | Open | |
| 05 May 2021 | 100452099 | Hdfc Bank Limited | ₹16.16 Lakh | Open | |
| 07 Dec 2020 | 100424153 | Hdfc Bank Limited | ₹21.54 Lakh | Open | |
| 03 Oct 2018 | 100208899 | Hdfc Bank Limited | ₹44.9 Cr | Open | |
| 28 Apr 2017 | 100099901 | Others | ₹5.5 Cr | Satisfied |
To see the full charge records of Buzzworks Business Services Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Buzzworks Business Services Private Limited has 5 deals on record (2 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹4 Cr; the latest was in April 2018.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Rights issue | ₹4.97 Cr | Investors: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2010 | Funding round | ₹3 Cr | Investors: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
To see the full deal history of Buzzworks Business Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Buzzworks Business Services Private Limited has 41 court cases on record: 30 filed by Buzzworks Business Services, 11 filed against it. 16 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 10 | 2 |
| High courts | 16 | 1 | 14 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Vaishali Trans Carriers Pvt. Ltd | Pending |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed by the company against JMS Logistics Pvt. Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by BGD Engineering Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against BGD Engineering Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed by the company against BGD Engineering Private Limited | Disposed |
To see the full case history of Buzzworks Business Services 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 Buzzworks Business Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Buzzworks Business Services Private Limited has a workforce of 11,713 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 11,713 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Buzzworks Business Services Private Limited, buy the company report.
GST
Buzzworks Business Services has 15 GST registrations: 10 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCB8364P1Z8 | Tamil Nadu | Active | 01 Jul 2017 |
| 29AACCB8364P2ZW | Karnataka | Active | 03 Aug 2017 |
| 27AACCB8364P2Z0 | Maharashtra | Active | 07 Aug 2017 |
| 36AACCB8364P1Z2 | Telangana | Active | 07 Aug 2017 |
To see the full GST registrations and return filing status of Buzzworks Business Services Private Limited, buy the company report.
Recent activity
Buzzworks Business Services Private Limited has 10 board changes on record since 2006: 3 appointments and 7 cessations. The latest: Velandai Chandrasekharan Karthic ceased to be Director on 27 Mar 2019.
10 earlier events are in the company report.
News
Frequently asked questions
Buzzworks Business Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 30 March 2006 (20+ years old) and is registered under CIN U74999TN2006PTC059363.
Buzzworks Business Services has 3 current directors:
- Velandai Chandrasekharan Karthic - Managing Director
- Ashish Nanda Pannalal - Director
- Sheela Karthic Bharadwaj - Director
The latest financial statements of Buzzworks Business Services 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 2015 are in the company report.
The GSTIN of Buzzworks Business Services is 33AACCB8364P1Z8, registered in Tamil Nadu. The company has 15 GST registrations in all, of which 10 are active and 5 are cancelled or inactive. Other active GSTINs include 29AACCB8364P2ZW (Karnataka), 27AACCB8364P2Z0 (Maharashtra), 36AACCB8364P1Z2 (Telangana).
The CIN (Corporate Identification Number) of Buzzworks Business Services is U74999TN2006PTC059363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Buzzworks Business Services has 41 court cases on record: 30 filed by the company and 11 filed against it. 16 are pending. Most are in the district courts.
Buzzworks Business Services was incorporated on 30 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Buzzworks Business Services has 5 deals on record (2 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹4 Cr; the latest was in April 2018.
Velandai Chandrasekharan Karthic ceased to be Director on 27 Mar 2019. Siddharth Upmanyu ceased to be Director on 31 Oct 2011. Sheela Karthic Bharadwaj was appointed as Director on 28 Sep 2011. Buzzworks Business Services has 10 board changes on record in total.
Buzzworks Business Services can be reached through the website buzzworks.com. Its registered office is in Chennai, Tamil Nadu, India.
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