About Firstmeridian Global Services Private Limited
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Firstmeridian Global Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Firstmeridian Business Services Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 20 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2005PTC417429. Its GSTIN is 27AACCV1582F1ZC (Maharashtra). The company holds 21 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹20.45 Cr and a paid-up capital of ₹1.36 Cr. It was formerly known as V5 Global Services Private Limited. It is led by directors including Manmeet Singh and Nilay Pratik.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,193.36 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹44.79 Cr (net margin 2%) and EBITDA of ₹56.25 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 34% over five years.
The company has about 50,084 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹147 Cr and satisfied charges of ₹9.38 Cr on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it; 4 cases are pending. The company has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1.04 Cr; the latest was in December 2020. Its 6 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 3 larger and 3 smaller; the largest is Reliance SMSL Limited with revenue of ₹3,578.13 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2024, listing 33 overdue payments to 31 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website v5global.com.
Company details
CIN history
Firstmeridian Global Services has one previous CIN (Corporate Identification Number): U72300DL2005PTC140952. The current CIN is U72300MH2005PTC417429, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300MH2005PTC417429 | Current |
| U72300DL2005PTC140952 | Previous |
Contact details
Firstmeridian Global Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is v5global.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address401 4th Flr Omsadan Mehra Estate, Opp Union Bank Of India Lbs Road Vikroli, Mumbai, Maharashtra, India – 400079
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Firstmeridian Global 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
Business activity
The main business activity of Firstmeridian Global Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Firstmeridian Global Services Private Limited, buy the company report.
Financials of Firstmeridian Global Services Private Limited
FY 2025 filings availableFirstmeridian Global Services Private Limited reported revenue of ₹2,193.36 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 20% growth in the latest year. EBITDA fell 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹56.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.79 Cr | ||||
| Balance Sheet | |||||
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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 | 2.6% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Firstmeridian Global Services Private Limited, buy the company report.
Board of directors of Firstmeridian Global Services Private Limited
Firstmeridian Global Services has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manmeet Singh | Director | 19 Sep 2024 | 2 Years 1 Months | Current |
| Nilay Pratik | Director | 04 Jul 2018 | 8 Years 4 Months | Current |
| Srinivasan Satish Also directs: New Lane Trading LLP, Surge Forth Technologies Private Limited, Innovsource Services Private Limited and 1 more | Director | 19 Sep 2024 | 2 Years 1 Months | Current |
| Nehra Sunil Kumar | Director | 17 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Firstmeridian Global Services Private Limited is compared with the 6 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance SMSL Limited | ₹3,578.13 Cr (FY 2022) | 48.0% | Mumbai, Maharashtra, India | |||
| Randstad India Private Limited | ₹3,291.89 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Manpowergroup Services India Private Limited | ₹2,322 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Firstmeridian Global Services Private Limitedthis company | ₹2,193.36 Cr (FY 2025) | ₹44.79 Cr | 2% | 20.0% | 50,084 | Mumbai, Maharashtra, India |
| Innovsource Services Private Limited | ₹2,004.02 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Genius Hrtech Limited | ₹1,881.18 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Adecco India Private Limited | ₹1,764.7 Cr (FY 2024) | 15.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Firstmeridian Global Services Private Limited, buy the company report.
Auditor
Firstmeridian Global Services Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Firstmeridian Global 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 Firstmeridian Global Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2024 | 100984531 | Others | ₹30 Cr | Open | |
| 05 Jan 2024 | 100853985 | Standard Chartered Bank | ₹10 Cr | Open | |
| 06 Dec 2021 | 100517833 | Standard Chartered Bank | ₹12 Cr | Open | |
| 16 Mar 2019 | 100257810 | Standard Chartered Bank | ₹15 Cr | Open | |
| 16 Mar 2019 | 100258527 | Standard Chartered Bank | ₹80 Cr | Open |
To see the full charge records of Firstmeridian Global Services Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Firstmeridian Global Services Private Limited has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1.04 Cr; the latest was in December 2020.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Innosols Infocom Private Limited |
| Jan 2016 | Funding round | ₹1.4 Lakh | Investors: Innosols Infocom Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Specvision Holdings Pte Limited, an individual Seller: Interactive Communication Services (India) Private Limited |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Interactive Communication Services (India) Private Limited , an individual |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Interactive Communication Services (India) Private Limited |
To see the full deal history of Firstmeridian Global 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
Firstmeridian Global Services Private Limited has 21 court cases on record: 2 filed by Firstmeridian Global Services, 19 filed against it. 4 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 18 | 4 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Leo | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln WCA B) | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by State Through Kamelsh J Shelar | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by State | Pending |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Pending |
To see the full case history of Firstmeridian Global 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
Firstmeridian Global Services Private Limited has 6 MSME Form 1 returns on record between 2020 and 2024, listing 33 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pee Pee Appliances Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Firstmeridian Global Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Firstmeridian Global Services Private Limited has a workforce of 50,084 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Firstmeridian Global Services has 21 GST registrations: 16 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV1582F1ZC | Maharashtra | Active | 01 Jul 2017 |
| 07AACCV1582F1ZE | Delhi | Active | 01 Jul 2017 |
| 21AACCV1582F1ZO | Odisha | Active | 31 Dec 2021 |
| 29AACCV1582F2Z7 | Karnataka | Active | 16 May 2022 |
To see the full GST registrations and return filing status of Firstmeridian Global Services Private Limited, buy the company report.
Recent activity
Firstmeridian Global Services Private Limited has 16 board changes on record since 2008: 4 appointments and 12 cessations. The latest: Sudhakar Balakrishnan ceased to be Director on 22 Nov 2024.
22 earlier events are in the company report.
Frequently asked questions
Firstmeridian Global Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 20 September 2005 (21+ years old) and is registered under CIN U72300MH2005PTC417429.
Firstmeridian Global Services has 4 current directors:
- Manmeet Singh - Director
- Nilay Pratik - Director
- Srinivasan Satish - Director
- Nehra Sunil Kumar - Director
The latest financial statements of Firstmeridian Global 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 Firstmeridian Global Services is 27AACCV1582F1ZC, registered in Maharashtra. The company has 21 GST registrations in all, of which 16 are active and 5 are cancelled or inactive. Other active GSTINs include 07AACCV1582F1ZE (Delhi), 21AACCV1582F1ZO (Odisha), 29AACCV1582F2Z7 (Karnataka).
The CIN (Corporate Identification Number) of Firstmeridian Global Services is U72300MH2005PTC417429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firstmeridian Global Services has 21 court cases on record: 2 filed by the company and 19 filed against it. 4 are pending. Most are in the district courts.
Firstmeridian Global Services was incorporated on 20 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Firstmeridian Global Services has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1.04 Cr; the latest was in December 2020.
The peers of Firstmeridian Global Services by revenue are Reliance SMSL Limited, Randstad India Private Limited, Manpowergroup Services India Private Limited, Innovsource Services Private Limited, Genius Hrtech Limited and 1 more, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Sudhakar Balakrishnan ceased to be Director on 22 Nov 2024. Nehra Sunil Kumar was appointed as Director on 17 Oct 2024. Nehra Sunil Kumar ceased to be Additional Director on 17 Oct 2024. Firstmeridian Global Services has 16 board changes on record in total.
Firstmeridian Global Services has 6 MSME Form 1 returns on record between 2020 and 2024, listing 33 overdue payments to 31 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Firstmeridian Global Services can be reached through the website v5global.com. Its registered office is in Mumbai, Maharashtra, India.
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