MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0199115
Candor Business Solutions Private Limited - business outsourcing in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹23.1 Cr
▼ 9% YoY
Net profit · FY 2022
₹53.39 Lakh
Net margin 2.3%
EBITDA · FY 2022
₹56.31 Lakh
EBITDA margin 2.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.23 Lakh
Issued & subscribed
Company age
21 yrs
Est. 2005
Employees · EPFO
189
Provident fund records
Directors on board
3
As per MCA filings
About Candor Business Solutions Private Limited
Data last updated:
Candor Business Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the business process outsourcing sector. It was incorporated on 30 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2005PTC036672. Its GSTIN is 29AACCC6166C1ZR (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.23 Lakh. It is led by directors including Shikaripura Yediyurappa Umadevi (Managing Director) and Disha Ravandur Sohankumar.
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 1st Floor No.106 1st Main Road Chandra Layout Main Road, Bengaluru, Karnataka, India – 560072.
As per the financials filed for FY 2022, the company reported a revenue of ₹23.1 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹53.39 Lakh (net margin 2.3%) and EBITDA of ₹56.31 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 55% over five years.
The company has about 189 employees on its provident fund (EPFO) records.
Candor Business Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0199115). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ecandor.com.
Company details
CIN U74910KA2005PTC036672
Registration Number 036672
Incorporation Date 30 June 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0199115
Key People
Shikaripura Yediyurappa Umadevi Managing Director Disha Ravandur Sohankumar Director Shamanna Krishnamurthy Hemavathi Director Recognitions & Rankings of Candor Business Solutions
Contact details
Candor Business Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is ecandor.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address1st Floor No.106 1st Main Road Chandra Layout Main Road, Bengaluru, Karnataka, India – 560072
- IndustryBusiness Outsourcing, Business Process Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Candor Business Solutions Private Limited, buy the company report.
Comprehensive company report
Candor Business Solutions 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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Financials of Candor Business Solutions Private Limited
FY 2025 filings availableCandor Business Solutions Private Limited reported revenue of ₹23.1 Cr (down 9% YoY) for FY 2022.
Revenue · FY 2022
₹23.1 Cr ▼ 9%
Net profit · FY 2022
₹53.39 Lakh margin 2.3%
EBITDA · FY 2022
₹56.31 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 50%
5 years · compounded
▲ 55%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 28%
5 years · compounded
▲ 23%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 55%. EBITDA rose 18% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹23.1 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹56.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Candor Business Solutions Private Limited, buy the company report.
Board of directors of Candor Business Solutions Private Limited
Candor Business Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Disha Ravandur Sohankumar Also directs: Ecomedium Prints LLP, Anvesana Innovation & Entrepreneurial Forum | Director | 29 Sep 2018 | 8 Years 1 Months | Current |
| Shamanna Krishnamurthy Hemavathi | Director | 22 Aug 2019 | 7 Years 2 Months | Current |
| Shikaripura Yediyurappa Umadevi Also directs: Raja Ashwa Realty Solutions LLP, Vishnu Techsoft Private Limited | Managing Director | 30 Jun 2005 | 21 Years 4 Months | Current |
Auditor
Candor Business Solutions Private Limited is audited by R A N D AND CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A N D AND CO | FY 2022 | 010227S |
Shareholding
The shareholding of Candor Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Candor Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Candor Business Solutions 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 Candor Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Candor Business Solutions Private Limited has a workforce of 189 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
189
Active EPFO establishments
1
Employee growth
-74.32%
GST
Candor Business Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC6166C1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Candor Business Solutions Private Limited, buy the company report.
Recent activity
Candor Business Solutions Private Limited has 7 board changes on record since 2005: 5 appointments and 2 cessations. The latest: Shamanna Krishnamurthy Hemavathi was appointed as Director on 22 Aug 2019.
AGM
Candor Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Candor Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Shamanna Krishnamurthy Hemavathi was appointed as Director.
Ceased
Namrata Shilpi ceased to be Director.
Appointed
Disha Ravandur Sohankumar was appointed as Director.
Ceased
Jehangir Minoo Writer ceased to be Director.
Appointed
Jehangir Minoo Writer was appointed as Director.
Appointed
Namrata Shilpi was appointed as Director.
Appointed
Shikaripura Yediyurappa Umadevi was appointed as Managing Director.
Incorporation
30 Jun 2005
Candor Business Solutions Private Limited was registered on 30 Jun 2005 with Roc Bangalore & aged 21 years 4 months as per MCA records.
Frequently asked questions
Candor Business Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 30 June 2005 (21+ years old) and is registered under CIN U74910KA2005PTC036672.
Candor Business Solutions has 3 current directors:
- Shikaripura Yediyurappa Umadevi - Managing Director
- Disha Ravandur Sohankumar - Director
- Shamanna Krishnamurthy Hemavathi - Director
The latest financial statements of Candor Business Solutions 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 Candor Business Solutions is 29AACCC6166C1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Candor Business Solutions is U74910KA2005PTC036672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candor Business Solutions was incorporated on 30 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Shamanna Krishnamurthy Hemavathi was appointed as Director on 22 Aug 2019. Namrata Shilpi ceased to be Director on 03 Oct 2018. Disha Ravandur Sohankumar was appointed as Director on 29 Sep 2018. Candor Business Solutions has 7 board changes on record in total.
Yes, Candor Business Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0199115).
Candor Business Solutions can be reached through the website ecandor.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Candor Business Solutions is at 1st Floor No.106 1st Main Road Chandra Layout Main Road, Bengaluru, Karnataka, India – 560072.
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