MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0059890
Ethos HR Management and Projects Limited - business outsourcing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹196 Cr
Latest filing
Net profit · FY 2025
₹4.59 Cr
Net margin 2.3%
EBITDA · FY 2025
₹4.86 Cr
EBITDA margin 2.5%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹19.55 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
4,218
Provident fund records
About Ethos HR Management and Projects Limited
Data last updated:
Ethos HR Management and Projects Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 16 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2005PLC047299. Its GSTIN is 24AABCE5500D1ZE (Gujarat).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Sunilkumar Sukumaran Nair and Ashishkumar Amritbhai Patel.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 101 Ornate Arcade Opp. Auda Garden Nr. Simandhar Jain Temple Bodakdev, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹196 Cr. For the same year it recorded a net profit of ₹4.59 Cr (net margin 2.3%) and EBITDA of ₹4.86 Cr (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 29% over five years.
The company has about 4,218 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ethos HR Management. As per MCA filings, the company has open charges of ₹19.55 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
Ethos HR Management and Projects Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0059890). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethosindia.com.
Company details
CIN U74140GJ2005PLC047299
Registration Number 047299
Incorporation Date 16 December 2005
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0059890
CIN history
Ethos HR Management and Projects has one previous CIN (Corporate Identification Number): U74140GJ2005PTC047299. The current CIN is U74140GJ2005PLC047299, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140GJ2005PLC047299 | Current |
| U74140GJ2005PTC047299 | Previous |
Key People
Sunilkumar Sukumaran Nair Director Ashishkumar Amritbhai Patel Director Hardik Hareshbhai Shukla Director Recognitions & Rankings of Ethos HR Management and Projects
Contact details
Ethos HR Management and Projects Limited's registered office is in Ahmedabad, Gujarat. Its website is ethosindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address101 Ornate Arcade Opp. Auda Garden Nr. Simandhar Jain Temple Bodakdev, Ahmedabad, Gujarat, India – 380015
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Ethos HR Management and Projects Limited, buy the company report.
Comprehensive company report
Ethos HR Management and Projects 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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Brands
Ethos HR Management and Projects operates one associated brand: Ethos HR Management. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of recruitment, talent acquisition, employee background verification and HR consulting services | ethosindia.com |
Business activity
The main business activity of Ethos HR Management and Projects is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Ethos HR Management and Projects Limited, buy the company report.
Financials of Ethos HR Management and Projects Limited
FY 2025 filings availableEthos HR Management and Projects Limited reported revenue of ₹196 Cr for FY 2025.
Revenue · FY 2025
₹196 Cr
Net profit · FY 2025
₹4.59 Cr margin 2.3%
EBITDA · FY 2025
₹4.86 Cr margin 2.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 28%
5 years · compounded
▲ 29%
EBITDA CAGR growth
3 years · compounded
▼ 7%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.59 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ethos HR Management and Projects Limited, buy the company report.
Board of directors of Ethos HR Management and Projects Limited
Ethos HR Management and Projects has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Sukumaran Nair | Director | 05 May 2007 | 19 Years 6 Months | Current |
| Ashishkumar Amritbhai Patel Also directs: Euphoria Venture LLP, Euphoria Consulting Private Limited | Director | 30 Nov 2024 | 1 Years 11 Months | Current |
| Hardik Hareshbhai Shukla Also directs: Euphoria Venture LLP, Ethos Insurance Brokers Private Limited | Director | 16 Dec 2005 | 20 Years 10 Months | Current |
Auditor
Ethos HR Management and Projects Limited is audited by B S THAKKER & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S THAKKER & CO | FY 2025 | 0123051W |
Shareholding
The shareholding of Ethos HR Management and Projects Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ethos HR Management and Projects Limited, buy the company report.
Charges & borrowings
Open charges
₹19.55 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2024 | 101048270 | Others | ₹55 Lakh | Open | |
| 26 Sep 2019 | 100292139 | Others | ₹19 Cr | Open |
To see the full charge records of Ethos HR Management and Projects Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ethos HR Management and Projects Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Total cases
4
Filed against the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Panchmahal at Godhra, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat P K Baria, Labour Officers, Lunavada | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The State of Gujarat | Disposed |
To see the full case history of Ethos HR Management and Projects 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 Ethos HR Management and Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ethos HR Management and Projects Limited has a workforce of 4,218 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
Employee count
4,218
Active EPFO establishments
1
Employee growth
12.12%
GST
Ethos HR Management and Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCE5500D1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ethos HR Management and Projects Limited, buy the company report.
Recent activity
Ethos HR Management and Projects Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Ashishkumar Amritbhai Patel ceased to be Additional Director on 21 Jan 2025.
Charges
A charge with Others of Rs. 19.00 Cr registered on 26 Sep 2019 with Charge ID 100292139 was modified on 29 Jan 2026.
AGM
Ethos Hr Management And Projects Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Ethos Hr Management And Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Ashishkumar Amritbhai Patel ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.55 Cr with Charge ID 101048270 was registered on 02 Dec 2024.
Appointed
Ashishkumar Amritbhai Patel was appointed as Director.
Charges
A charge with Others amounted to Rs. 19.00 Cr with Charge ID 100292139 was registered on 26 Sep 2019.
Appointed
Sunilkumar Sukumaran Nair was appointed as Director.
Appointed
Hardik Hareshbhai Shukla was appointed as Director.
Incorporation
16 Dec 2005
Ethos Hr Management And Projects Limited was registered on 16 Dec 2005 with Roc Ahmedabad & aged 20 years 10 months as per MCA records.
Frequently asked questions
Ethos HR Management and Projects is an active public limited company based in Ahmedabad, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 16 December 2005 (21+ years old) and is registered under CIN U74140GJ2005PLC047299.
Ethos HR Management and Projects has 3 current directors:
- Sunilkumar Sukumaran Nair - Director
- Ashishkumar Amritbhai Patel - Director
- Hardik Hareshbhai Shukla - Director
The latest financial statements of Ethos HR Management and Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ethos HR Management and Projects is 24AABCE5500D1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Ethos HR Management and Projects is U74140GJ2005PLC047299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethos HR Management and Projects has 4 court cases on record: 4 filed against it.
Ethos HR Management and Projects was incorporated on 16 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashishkumar Amritbhai Patel ceased to be Additional Director on 21 Jan 2025. Ashishkumar Amritbhai Patel was appointed as Director on 30 Nov 2024. Sunilkumar Sukumaran Nair was appointed as Director on 05 May 2007. Ethos HR Management and Projects has 4 board changes on record in total.
Yes, Ethos HR Management and Projects is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0059890).
Ethos HR Management and Projects can be reached through the website ethosindia.com. Its registered office is in Ahmedabad, Gujarat, India.
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