Candor Management Services Private Limited

Candor Management Services Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74140KA2004PTC033780 Incorporated 21 April 2004 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company business outsourcing MSME · Small
Data last updated
Revenue · FY 2023
₹32.62 Cr
▲ 12% YoY
Net profit · FY 2023
₹10.37 Lakh
Net margin 0.3%
EBITDA · FY 2023
₹28.64 Lakh
EBITDA margin 0.9%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹16.35 Lakh
Satisfied ₹5 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
1,664
Provident fund records

About Candor Management Services Private Limited

Data last updated:

Candor Management Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 21 April 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2004PTC033780. Its GSTIN is 29AACCC5715H1ZO (Karnataka). The company holds 6 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Swaminathan Lathaa and Gomathi Manavalan.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.292 7th Cross Domlur Layout, Bangalore, Karnataka, India – 560071.

As per the financials filed for FY 2023, the company reported a revenue of ₹32.62 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹10.37 Lakh (net margin 0.3%) and EBITDA of ₹28.64 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 15% over five years.

The company has about 1,664 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹16.35 Lakh and satisfied charges of ₹5 Cr on record. Court records list 13 cases involving the company, including 13 filed against it.

Candor Management Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0009626). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website candor.in.

Company details

CIN U74140KA2004PTC033780
Registration Number 033780
Incorporation Date 21 April 2004
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0009626
Key People
Swaminathan Lathaa Director Gomathi Manavalan Director

Recognitions & Rankings of Candor Management Services

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0009626

Contact details

Candor Management Services Private Limited's registered office is in Bangalore, Karnataka. Its website is candor.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    candor.in
  • Social Media
  • Registered Address
    No.292 7th Cross Domlur Layout, Bangalore, Karnataka, India – 560071
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management

To see the full contact details of Candor Management Services Private Limited, buy the company report.

Comprehensive company report
Candor Management Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Candor Management Services is support service to organizations. In detail, this covers other support services to organizations.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Candor Management Services Private Limited, buy the company report.

Financials of Candor Management Services Private Limited

FY 2023 filings available

Candor Management Services Private Limited reported revenue of ₹32.62 Cr (up 12% YoY) for FY 2023.

Revenue · FY 2023
₹32.62 Cr ▲ 12%
Net profit · FY 2023
₹10.37 Lakh margin 0.3%
EBITDA · FY 2023
₹28.64 Lakh margin 0.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 2%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 54%
5 years · compounded
▲ 8%

Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA fell 5% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹32.62 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹28.64 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹10.37 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin0.9%
Net Profit Margin0.3%
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 Management Services Private Limited, buy the company report.

Board of directors of Candor Management Services Private Limited

Candor Management Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Swaminathan LathaaDirector22 May 20197 Years 5 MonthsCurrent
Gomathi Manavalan
Also directs: Candorhub Incubation and Training Foundation
Director05 Aug 201610 Years 3 MonthsCurrent
View all directors

Auditor

Candor Management Services Private Limited is audited by A B D S & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
A B D S & CoFY 2023024972S

Shareholding

The shareholding of Candor Management 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Candor Management Services Private Limited, buy the company report.

Charges & borrowings

Open charges
₹16.35 Lakh
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹0.16 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Dec 2021100519491Hdfc Bank Limited₹16.35 LakhOpen
11 Dec 201410547659Yes Bank Limited₹5 CrSatisfied

To see the full charge records of Candor Management Services Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Candor Management Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Candor Management Services Private Limited has a workforce of 1,664 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.

Employee count
1,664
Active EPFO establishments
2
Employee growth
0.5%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-271,664
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
FY 2015-16
FY 2014-15

To see the full employee and EPFO history of Candor Management Services Private Limited, buy the company report.

GST

Candor Management Services has 6 GST registrations: 2 active and 4 cancelled or inactive.

Total GSTINs
6
Active
2
Cancelled / inactive
4
GSTINStateStatusRegistered on
29AACCC5715H1ZOKarnatakaActive01 Jul 2017
33AACCC5715H3ZXTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Candor Management Services Private Limited, buy the company report.

Recent activity

Candor Management Services Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Subramanian Thirumurugan ceased to be Director on 23 May 2019.

AGM
Candor Management Services Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Candor Management Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.35 Lakh with Charge ID 100519491 was registered on 28 Dec 2021.
Ceased
Subramanian Thirumurugan ceased to be Director.
Appointed
Swaminathan Lathaa was appointed as Director.
Charges
A charge registered on 11 Dec 2014 via Charge ID 10547659 with Yes Bank Limited was fully satisfied on 30 Jan 2017.
Ceased
Anuvidhya Thirumurugan ceased to be Whole-Time Director.
Ceased
Sreejayanthi Swaminathan ceased to be Whole-Time Director.
Appointed
Gomathi Manavalan was appointed as Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 10547659 was registered on 11 Dec 2014.
Incorporation
21 Apr 2004
Candor Management Services Private Limited was registered on 21 Apr 2004 with Roc Bangalore & aged 22 years 6 months as per MCA records.

Frequently asked questions

Candor Management Services is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 21 April 2004 (22+ years old) and is registered under CIN U74140KA2004PTC033780.

Candor Management Services has 2 current directors:

The latest financial statements of Candor Management Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Candor Management Services is 29AACCC5715H1ZO, registered in Karnataka. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 33AACCC5715H3ZX (Tamil Nadu).

The CIN (Corporate Identification Number) of Candor Management Services is U74140KA2004PTC033780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Candor Management Services has 13 court cases on record: 13 filed against it.

Candor Management Services was incorporated on 21 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.

Subramanian Thirumurugan ceased to be Director on 23 May 2019. Swaminathan Lathaa was appointed as Director on 22 May 2019. Anuvidhya Thirumurugan ceased to be Whole-Time Director on 31 Dec 2016. Candor Management Services has 5 board changes on record in total.

Yes, Candor Management Services is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0009626).

Candor Management Services can be reached through the website candor.in. Its registered office is in Bangalore, Karnataka, India.