About Checkmate Services Private Limited
Data last updated:
Checkmate Services Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the security and surveillance segment of the business services sector. It was incorporated on 30 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ1992PTC017920.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Vikram Pratapsingh Mahurkar (Managing Director) and Sharmila Vikram Mahurkar.
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 Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹759.6 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹7.62 Cr (net margin 1%) and EBITDA of ₹49.83 Cr (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 7% over five years.
The company has about 43,012 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹601.05 Cr and satisfied charges of ₹216.56 Cr on record. Court records list 528 cases involving the company, including 139 filed by the company and 389 filed against it; 144 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2017. Its 10 peer companies in the Business Services industry (Security Services) are compared by revenue, 5 larger and 5 smaller; the largest is Reliance Group Support Services Private Limited with revenue of ₹1,207.96 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website checkmateservices.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlock No. 1 Office No. 1115 To 1120 11 Floor 73 Eastavenue, Sarabhai Campus Nr. Genda Circle Vadiwala, Vadodara, Gujarat, India – 390023
- IndustryBusiness Services, Security & Surveillance
- 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
- One PDF report, delivered after checkout
Business Activity of Checkmate Services Private Limited
The main business activity of Checkmate Services is support service to organizations. In detail, this covers security and investigation activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N4 | Security and investigation activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Checkmate Services Private Limited FY 2025 filings available
Checkmate Services Private Limited reported revenue of ₹759.6 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Checkmate Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 1% growth in the latest year. EBITDA rose 21% 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 of Checkmate Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹759.6 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹49.83 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.62 Cr | •••• | •••• | •••• | •••• |
| 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 of Checkmate Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Checkmate Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Checkmate Services Private Limited
Checkmate Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Pratapsingh Mahurkar | Managing Director | 30 Jun 1992 | 34 Years 3 Months | Current |
| Sharmila Vikram Mahurkar | Director | 30 Jun 1992 | 34 Years 3 Months | Current |
| Hiren Dilipkumar Bhatt | Director | 04 Nov 2022 | 3 Years 11 Months | Current |
Peer Comparison of Checkmate Services Private Limited
Checkmate Services Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Security Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Group Support Services Private Limited | ₹1,207.96 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Modern Veer Rays Security Force (India) Pvt Ltd | ₹1,151.65 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| A P Securitas Private Limited | ₹1,123.97 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Bombay Integrated Security (India) Limited | ₹1,096.24 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| S & Ib Services Private Limited | ₹971.01 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Kolkata, West Bengal, India |
| Innovision Limited | ₹895.95 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Delhi, India |
| Checkmate Services Private Limited this company | ₹759.6 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Vadodara, Gujarat, India |
| Apex Infralink Limited | ₹695.52 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Jamnagar, Gujarat, India |
| Kapston Services Limited Listed | ₹690.23 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
| Terrier Security Services (India) Private Limited | ₹623.58 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Ansec Human Resource Services Limited | ₹600.83 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Checkmate Services by revenue in the Business Services industry (Security Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Checkmate Services Private Limited
Checkmate Services Private Limited is audited by S. K. THAKKAR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. K. THAKKAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Checkmate Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Checkmate Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2026 | Idbi Bank Limited | ₹4.8 Cr | Open |
| 13 Jan 2026 | Others | ₹2.09 Cr | Open |
| 29 Oct 2025 | Others | ₹6.5 Lakh | Open |
| 09 Oct 2025 | Others | ₹89,000 | Open |
| 08 Oct 2025 | Others | ₹2.99 Cr | Open |
Total charge records: 222 View all charges
Deals & Funding of Checkmate Services Private Limited
Checkmate Services Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Checkmate Services Private Limited
Checkmate Services Private Limited has 528 court cases on record: 139 filed by Checkmate Services, 389 filed against it. 144 cases are pending and 384 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 417 | 344 | 113 |
| High courts | 106 | 43 | 30 |
| Supreme Court | 4 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 528)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solan, Himachal Pradesh | Civil suit | Filed by the company against M/S Worldwide Autocraft Pvt Ltd | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Eden Critical Care Hospital Pvt Ltd | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Axis Bank Ltd and 4 others | Disposed |
| High Court | Writ petition | Filed by the company against Indusind Bank Ltd and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Pending |
Full case history
All 528 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Checkmate Services Private Limited
Checkmate Services Private Limited has a workforce of 43,012 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Checkmate Services Private Limited
Checkmate Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Checkmate Facility And Electronic Solutions Private Limited | U74920GJ2005PTC045497 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Checkmate Services Private Limited
Checkmate Services Private Limited has 3 board changes on record since 1992: 3 appointments. The latest: Hiren Dilipkumar Bhatt was appointed as Director on 04 Nov 2022.
361 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Checkmate Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Checkmate Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Checkmate Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Checkmate Services Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Checkmate Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Checkmate Services Private Limited
Frequently Asked Questions about Checkmate Services Private Limited
Checkmate Services is an active private limited company based in Vadodara, Gujarat, India. The company works in security and surveillance, within the business services industry. It was incorporated on 30 June 1992 (34+ years old) and is registered under CIN U74999GJ1992PTC017920.
Checkmate Services reported revenue of ₹759.6 Cr for FY 2025 (up 1% YoY).
Checkmate Services has 3 current directors:
- Vikram Pratapsingh Mahurkar - Managing Director
- Sharmila Vikram Mahurkar - Director
- Hiren Dilipkumar Bhatt - Director
Checkmate Services reported a net profit of ₹7.62 Cr (net margin 1%) and EBITDA of ₹49.83 Cr (EBITDA margin 6.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Checkmate Services is 12% over three years and 7% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Checkmate Services is U74999GJ1992PTC017920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Checkmate Services has 528 court cases on record: 139 filed by the company and 389 filed against it. 144 are pending. Most are in the district courts.
Checkmate Services was incorporated on 30 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Checkmate Services has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
The peers of Checkmate Services by revenue are Reliance Group Support Services Private Limited, Modern Veer Rays Security Force (India) Pvt Ltd, A P Securitas Private Limited, Bombay Integrated Security (India) Limited, S & Ib Services Private Limited and 5 more, all in the Business Services industry (Security Services).
Hiren Dilipkumar Bhatt was appointed as Director on 04 Nov 2022. Sharmila Vikram Mahurkar was appointed as Director on 30 Jun 1992. Vikram Pratapsingh Mahurkar was appointed as Managing Director on 30 Jun 1992.