Firstsource Solutions Limited - business outsourcing in Goregaon East, Maharashtra, India. FY 2026 financials and compliance.
CIN L64202MH2001PLC134147 Incorporated 06 December 2001 ROC Mumbai HQ Goregaon East, Maharashtra, India
Active Listed - NSE: FSL · BSE: 532809 Public Limited Company business outsourcing
Data last updated
Revenue · FY 2026
₹9,556.39 Cr
▲ 19.75% YoY
EBITDA · FY 2026
₹1,563.63 Cr
▲ 29.57% YoY
Net profit · FY 2026
₹674.41 Cr
▲ 13.45% YoY
Authorised capital
₹872 Cr
Registered with MCA
Paid-up capital
₹696.99 Cr
Issued & subscribed
Open charges
None
Satisfied ₹1,960.1 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
14,601
Latest available

About Firstsource Solutions Limited

Data last updated: 31 December 2025

Firstsource Solutions Limited is a public limited company based in Goregaon East, Maharashtra, India, a subsidiary of Rpsg Ventures Limited. The company specialises in business process outsourcing. Incorporated on 06 December 2001, the company has been in operation for over 25 years.

Registered with ROC Mumbai under CIN L64202MH2001PLC134147. Listed on BSE: 532809 and NSE: FSL.

Capital: an authorised share capital of ₹872 Cr and a paid-up capital of ₹696.99 Cr. Formerly known as Icici Onesource Limited and Icici Infotech Upstream Limited. It is led by directors including Pradip Kumar Khaitan and Ritesh Mohan Idnani.

Last AGM: 30 July 2025. Financial statements filed for year ended 31 March 2025. Office: Goregaon East, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹7,979.45 Cr, a growth of 25% compared to the previous year.

The company has a workforce of approximately 14,601 employees as per the latest available data. It operates as a subsidiary of Rpsg Ventures Limited. Its group structure includes 1 subsidiary.

The company is associated with 1 brand - Firstsource. As per MCA filings, the company has satisfied charges of ₹1,960.1 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstsource.com.

Company Details of Firstsource Solutions Limited
CIN L64202MH2001PLC134147
Registration Number 134147
Incorporation Date 06 December 2001
ROC Mumbai
Listing Status Listed (BSE: 532809, NSE: FSL)
Company Status Active
Date of Last AGM 30 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Rpsg Ventures Limited
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
  • Registered Address
    1St Floor Athena Towers, Mindspace Malad, Goregaon East, Maharashtra, India – 400063
  • Industry
    Business Outsourcing, Business Process Outsourcing
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Financials, compliance, directors, charges, ownership and filings for Firstsource Solutions Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Firstsource Solutions Limited

Firstsource Solutions Limited has undergone 2 name changes throughout its history. The company was previously known as Icici Onesource Limited, and Icici Infotech Upstream Limited. The current legal name is Firstsource Solutions Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Firstsource Solutions Limited Current
Icici Onesource Limited Previous
Icici Infotech Upstream Limited Previous

Associated Brands with Firstsource Solutions Limited

Firstsource Solutions Limited operates one associated brand: Firstsource. These brands represent Firstsource Solutions Limited's diversified market presence and brand portfolio.

Brand Description Website
Firstsource is recognized as a global business process management partner. firstsource.com

Competitors & Alternatives of Firstsource Solutions Limited

Brands and companies operating in the same space as Firstsource Solutions Limited include 1&1 IONOS, Booz Allen Hamilton, Genpact and 7 more.

Competitor Description Location Founded
1&1 IONOS 1&1 IONOS Cloud infrastructure and hosting services are provided by 1&1 IONOS. Chesterbrook, United States, United States 1988
Booz Allen Hamilton Booz Allen Hamilton Analytics, cybersecurity, and digital transformation services are provided. Mclean, United States, United States 1914
Genpact Genpact Provider of end-to-end business process outsourcing services New York, United States, United States 1997
Persistent Persistent IT consulting, data analytics, and digital transformation services are provided. Pune, India, India 1990
Epam Epam Provider of software development, data analytics, and other IT suite services Newtown Square, United States, United States 1993
NTT DATA NTT DATA Application development, cloud, cybersecurity, and business intelligence services are provided. Koto City, Japan, Japan 1967
Accenture Accenture IT and management consultancy services are provided globally. Dublin, Ireland, Ireland 1989
Breed Reply Breed Reply AI, cloud, and blockchain services are provided globally. Turin, Italy, Italy 1996
Globant Globant IT and digital transformation services are delivered to various industries. Buenos Aires, Argentina, Argentina 2003
UST UST High-quality office furniture is provided by UST for various needs. Taiwan 1998

Business Activity of Firstsource Solutions Limited

Firstsource Solutions Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
J Information and communication J8 Other information & communication service activities *********

Auditor Details of Firstsource Solutions Limited

Firstsource Solutions Limited is audited by Deloitte Haskins Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Deloitte Haskins Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Firstsource Solutions Limited

Firstsource Solutions Limited is currently managed by 14 directors, with 35 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Pradip Kumar Khaitan Director 14 Nov 2014 11 Years 7 Months Current
Ritesh Mohan Idnani Ceo 01 Sep 2023 2 Years 10 Months Current
Utsav Parekh Director 02 Nov 2022 3 Years 8 Months Current
Sanjiv Goenka Director 03 Dec 2012 13 Years 7 Months Current
Sunil Mitra Director 01 Apr 2019 7 Years 3 Months Current
Subrata Talukdar Director 05 Dec 2012 13 Years 7 Months Current
Showing 6 of 14 current directors. View all directors

Financials of Firstsource Solutions Limited FY 2026 filings available

Firstsource Solutions Limited reported revenue of ₹9,556.39 Cr (up 19.75% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹9,556.39 Cr ▲ 19.75%
Profit · FY 2026
₹674.41 Cr ▲ 13.45%
EBITDA · FY 2026
₹1,563.63 Cr ▲ 29.57%
Revenue₹ Cr · Consolidated05,00010,000FY 2020: ₹4,099 Cr4,099FY 2020FY 2021: ₹5,078 Cr · +23.9% YoY5,078+23.9%FY 2021FY 2022: ₹5,921 Cr · +16.6% YoY5,921+16.6%FY 2022FY 2023: ₹6,022 Cr · +1.7% YoY6,022+1.7%FY 2023FY 2024: ₹6,336 Cr · +5.2% YoY6,336+5.2%FY 2024FY 2025: ₹7,980 Cr · +25.9% YoY7,980+25.9%FY 2025FY 2026: ₹9,556 Cr · +19.7% YoY9,556+19.7%FY 2026
Net Profit₹ Cr · Consolidated0250500750FY 2020: ₹340 Cr340FY 2020FY 2021: ₹362 Cr · +6.5% YoY362+6.5%FY 2021FY 2022: ₹537 Cr · +48.3% YoY537+48.3%FY 2022FY 2023: ₹514 Cr · -4.3% YoY514-4.3%FY 2023FY 2024: ₹515 Cr · +0.2% YoY515+0.2%FY 2024FY 2025: ₹594 Cr · +15.5% YoY594+15.5%FY 2025FY 2026: ₹674 Cr · +13.5% YoY674+13.5%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year01,0002,0003,000Q1'25: ₹1,791 Cr · +17.1% YoY1,791+17.1%Q1'25Q2'25: ₹1,925 Cr · +25% YoY1,925+25%Q2'25Q3'25: ₹2,102 Cr · +31.7% YoY2,102+31.7%Q3'25Q4'25: ₹2,161 Cr · +29.4% YoY2,161+29.4%Q4'25Q1'26: ₹2,218 Cr · +23.8% YoY2,218+23.8%Q1'26Q2'26: ₹2,312 Cr · +20.1% YoY2,312+20.1%Q2'26Q3'26: ₹2,443 Cr · +16.2% YoY2,443+16.2%Q3'26Q4'26: ₹2,583 Cr · +19.5% YoY2,583+19.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹9,556.39 Cr ₹7,980.31 Cr ₹6,336.25 Cr ₹6,022.32 Cr ₹5,921.15 Cr ₹5,077.98 Cr ₹4,098.61 Cr
Other Income ₹7.45 Cr -₹86.7 Lakh ₹36.84 Cr ₹130.85 Cr ₹55.5 Lakh ₹1.27 Cr ₹8.84 Cr
Total Income ₹9,563.85 Cr ₹7,979.45 Cr ₹6,373.09 Cr ₹6,153.17 Cr ₹5,921.71 Cr ₹5,079.25 Cr ₹4,107.46 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹5,590.29 Cr ₹4,995.78 Cr ₹3,909.33 Cr ₹3,867.48 Cr ₹3,946.76 Cr ₹3,467.23 Cr ₹2,773.53 Cr
Finance Costs ₹181.47 Cr ₹147.88 Cr ₹103.39 Cr ₹78.97 Cr ₹63.94 Cr ₹52.23 Cr ₹58.32 Cr
Depreciation & Amortisation ₹434.09 Cr ₹327.04 Cr ₹260.22 Cr ₹263.17 Cr ₹249.37 Cr ₹206.35 Cr ₹185.2 Cr
Other Expenses ₹2,409.92 Cr ₹1,776.91 Cr ₹1,470.48 Cr ₹1,328.33 Cr ₹1,014.54 Cr ₹806.55 Cr ₹696.19 Cr
Total Expenses ₹8,615.77 Cr ₹7,247.61 Cr ₹5,743.41 Cr ₹5,537.95 Cr ₹5,274.61 Cr ₹4,532.36 Cr ₹3,713.25 Cr
Profit Before Exceptional Items & Tax ₹948.08 Cr ₹731.84 Cr ₹629.68 Cr ₹615.22 Cr ₹647.1 Cr ₹546.89 Cr ₹394.21 Cr
Exceptional Items -₹98.23 Cr ₹8.81 Cr ₹0 ₹0 ₹0 -₹115.06 Cr ₹0
Profit Before Tax ₹849.84 Cr ₹740.65 Cr ₹629.68 Cr ₹615.22 Cr ₹647.1 Cr ₹431.83 Cr ₹394.21 Cr
Total Tax Expense ₹175.43 Cr ₹146.2 Cr ₹114.95 Cr ₹101.5 Cr ₹110.57 Cr ₹70.16 Cr ₹54.53 Cr
Net Profit ₹674.41 Cr ₹594.45 Cr ₹514.73 Cr ₹513.71 Cr ₹536.53 Cr ₹361.68 Cr ₹339.69 Cr
  attributable to Owners ₹674.43 Cr ₹594.46 Cr ₹514.73 Cr ₹513.72 Cr ₹537.37 Cr ₹361.69 Cr ₹339.69 Cr
  attributable to NCI -₹1.3 Lakh -₹40,000 -₹40,000 -₹80,000 -₹84.4 Lakh -₹90,000 -₹10,000
Other Comprehensive Income -₹20.78 Cr ₹43.26 Cr ₹50.44 Cr ₹128.12 Cr ₹81.22 Cr -₹87.87 Cr ₹119.05 Cr
Total Comprehensive Income ₹653.63 Cr ₹637.71 Cr ₹565.17 Cr ₹641.83 Cr ₹617.75 Cr ₹273.8 Cr ₹458.73 Cr
EBITDA (computed) ₹1,563.63 Cr ₹1,206.75 Cr ₹993.28 Cr ₹957.36 Cr ₹960.41 Cr ₹805.47 Cr ₹637.73 Cr
Basic EPS ₹9.77 ₹8.63 ₹7.52 ₹7.55 ₹7.90 ₹5.31 ₹4.90
Diluted EPS ₹9.56 ₹8.42 ₹7.34 ₹7.32 ₹7.62 ₹5.13 ₹4.89
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹9,320.04 Cr ₹7,922.23 Cr ₹6,083.04 Cr ₹5,664.37 Cr
Non-current Assets ₹6,557.75 Cr ₹5,698.19 Cr ₹4,545.67 Cr ₹4,256.12 Cr
Current Assets ₹2,762.29 Cr ₹2,224.05 Cr ₹1,537.37 Cr ₹1,408.25 Cr
Property, Plant & Equipment ₹310.35 Cr ₹276.29 Cr ₹164.1 Cr ₹173.93 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹2,078.59 Cr ₹1,686.03 Cr ₹1,160.82 Cr ₹1,038.49 Cr
Cash & Equivalents ₹258.58 Cr ₹154.21 Cr ₹174.77 Cr ₹151.54 Cr
Equity (Net Worth) ₹4,384.93 Cr ₹4,098.03 Cr ₹3,700.79 Cr ₹3,367.2 Cr
Equity Share Capital ₹696.99 Cr ₹696.99 Cr ₹696.99 Cr ₹696.99 Cr
Borrowings (Non-current) ₹189.67 Cr ₹341.9 Cr ₹4.22 Cr ₹139.37 Cr
Borrowings (Current) ₹1,747.8 Cr ₹1,190.8 Cr ₹808.09 Cr ₹687.61 Cr
Total Debt (computed) ₹1,937.47 Cr ₹1,532.7 Cr ₹812.31 Cr ₹826.98 Cr
Current Liabilities ₹3,478.52 Cr ₹2,428.69 Cr ₹1,640.85 Cr ₹1,559.65 Cr
Total Liabilities ₹4,935.11 Cr ₹3,824.21 Cr ₹2,382.25 Cr ₹2,297.17 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹1,213.98 Cr ₹701.1 Cr ₹644.79 Cr ₹795.02 Cr ₹703.56 Cr
Investing Cash Flow -₹452.36 Cr -₹745.9 Cr -₹57.99 Cr ₹16.35 Cr -₹594.58 Cr
Financing Cash Flow -₹666.78 Cr ₹22.59 Cr -₹564.19 Cr -₹743.38 Cr -₹157.96 Cr
Capital Expenditure ₹195.73 Cr ₹241.2 Cr ₹85.1 Cr ₹53.62 Cr ₹85.03 Cr
Free Cash Flow (computed) ₹1,018.25 Cr ₹459.9 Cr ₹559.69 Cr ₹741.4 Cr ₹618.53 Cr
Dividends Paid ₹380.13 Cr ₹275.86 Cr ₹240.59 Cr ₹238.45 Cr ₹238.4 Cr
Net Change in Cash ₹104.37 Cr -₹20.56 Cr ₹23.23 Cr ₹68.72 Cr -₹48.8 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹2,583.45 Cr ₹2,443.08 Cr ₹2,312.21 Cr ₹2,217.65 Cr ₹2,161.46 Cr ₹2,102.38 Cr ₹1,925.38 Cr ₹1,791.1 Cr ₹1,670.46 Cr ₹1,596.6 Cr ₹1,539.97 Cr ₹1,529.21 Cr
Other Income -₹1.71 Cr ₹3.62 Cr -₹1.29 Cr ₹6.83 Cr ₹2.12 Cr -₹2.1 Cr -₹2.73 Cr ₹1.84 Cr ₹2.81 Cr ₹15.36 Cr ₹16.94 Cr ₹1.73 Cr
Total Income ₹2,581.75 Cr ₹2,446.7 Cr ₹2,310.93 Cr ₹2,224.48 Cr ₹2,163.58 Cr ₹2,100.28 Cr ₹1,922.66 Cr ₹1,792.94 Cr ₹1,673.27 Cr ₹1,611.96 Cr ₹1,556.91 Cr ₹1,530.94 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹1,476.65 Cr ₹1,431.17 Cr ₹1,361.77 Cr ₹1,320.7 Cr ₹1,351.5 Cr ₹1,307.04 Cr ₹1,210.44 Cr ₹1,126.8 Cr ₹1,055.79 Cr ₹989.32 Cr ₹940 Cr ₹923.74 Cr
Finance Costs ₹52.02 Cr ₹43.25 Cr ₹42.76 Cr ₹43.44 Cr ₹42.62 Cr ₹39.32 Cr ₹34.33 Cr ₹31.6 Cr ₹26.53 Cr ₹25.42 Cr ₹26.07 Cr ₹25.37 Cr
Depreciation & Amortisation ₹116.09 Cr ₹111.2 Cr ₹109.56 Cr ₹97.25 Cr ₹90.6 Cr ₹84.4 Cr ₹79.19 Cr ₹72.85 Cr ₹67.33 Cr ₹66.27 Cr ₹65.37 Cr ₹61.25 Cr
Other Expenses ₹676.39 Cr ₹609.25 Cr ₹574.42 Cr ₹549.86 Cr ₹477.14 Cr ₹477.68 Cr ₹427.67 Cr ₹394.43 Cr ₹364.34 Cr ₹370.15 Cr ₹371.17 Cr ₹365.29 Cr
Total Expenses ₹2,321.14 Cr ₹2,194.88 Cr ₹2,088.5 Cr ₹2,011.25 Cr ₹1,961.86 Cr ₹1,908.44 Cr ₹1,751.63 Cr ₹1,625.68 Cr ₹1,513.98 Cr ₹1,451.17 Cr ₹1,402.61 Cr ₹1,375.65 Cr
Profit Before Exceptional Items & Tax ₹260.6 Cr ₹251.82 Cr ₹222.42 Cr ₹213.23 Cr ₹201.71 Cr ₹191.85 Cr ₹171.03 Cr ₹167.26 Cr ₹159.29 Cr ₹160.79 Cr ₹154.3 Cr ₹155.29 Cr
Exceptional Items ₹0 -₹100.15 Cr ₹1.91 Cr ₹0 ₹0 ₹8.81 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹260.6 Cr ₹151.68 Cr ₹224.33 Cr ₹213.23 Cr ₹201.71 Cr ₹200.65 Cr ₹171.03 Cr ₹167.26 Cr ₹159.29 Cr ₹160.79 Cr ₹154.3 Cr ₹155.29 Cr
Total Tax Expense ₹55.36 Cr ₹31.35 Cr ₹44.82 Cr ₹43.9 Cr ₹41.03 Cr ₹40.35 Cr ₹32.82 Cr ₹32.01 Cr ₹25.79 Cr ₹32.06 Cr ₹27.79 Cr ₹29.31 Cr
Net Profit ₹205.25 Cr ₹120.33 Cr ₹179.51 Cr ₹169.33 Cr ₹160.69 Cr ₹160.31 Cr ₹138.21 Cr ₹135.25 Cr ₹133.5 Cr ₹128.73 Cr ₹126.51 Cr ₹125.99 Cr
  attributable to Owners ₹205.24 Cr ₹120.33 Cr ₹179.52 Cr ₹169.33 Cr ₹160.69 Cr ₹160.3 Cr ₹138.22 Cr ₹135.25 Cr ₹133.5 Cr ₹128.73 Cr ₹126.51 Cr ₹125.99 Cr
  attributable to NCI ₹10,000 -₹50,000 -₹20,000 -₹70,000 ₹10,000 ₹10,000 -₹50,000 -₹10,000 ₹0 -₹10,000 ₹0 -₹30,000
Other Comprehensive Income ₹79.42 Cr -₹57.6 Lakh ₹21.64 Cr -₹121.27 Cr -₹18.61 Cr ₹156.04 Cr -₹102.55 Cr ₹8.38 Cr ₹34.5 Cr -₹35.76 Cr ₹45.57 Cr ₹6.13 Cr
Total Comprehensive Income ₹284.66 Cr ₹119.75 Cr ₹201.16 Cr ₹48.06 Cr ₹142.07 Cr ₹316.34 Cr ₹35.66 Cr ₹143.63 Cr ₹168 Cr ₹92.97 Cr ₹172.08 Cr ₹132.12 Cr
EBITDA (computed) ₹428.71 Cr ₹406.27 Cr ₹374.74 Cr ₹353.91 Cr ₹334.94 Cr ₹315.57 Cr ₹284.55 Cr ₹271.71 Cr ₹253.14 Cr ₹252.49 Cr ₹245.74 Cr ₹241.91 Cr
Basic EPS ₹2.97 ₹1.74 ₹2.60 ₹2.45 ₹2.33 ₹2.33 ₹2.01 ₹1.97 ₹1.94 ₹1.88 ₹1.85 ₹1.85
Diluted EPS ₹2.91 ₹1.71 ₹2.54 ₹2.40 ₹2.28 ₹2.27 ₹1.96 ₹1.92 ₹1.90 ₹1.84 ₹1.80 ₹1.80
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Banking and Financial Services ₹841.31 Cr ₹171.72 Cr ₹0 ₹0
Healthcare ₹898.1 Cr ₹126.21 Cr ₹0 ₹0
Communication, Media and Technology ₹521.21 Cr ₹109.23 Cr ₹0 ₹0
Diverse Industries ₹352.43 Cr ₹37.15 Cr ₹0 ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Banking and Financial Services ₹3,112.82 Cr ₹609.49 Cr - -
Healthcare ₹3,209.07 Cr ₹428.11 Cr - -
Communication, Media and Technology ₹2,043.72 Cr ₹385.44 Cr - -
Diverse Industries ₹1,250.51 Cr ₹135.89 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹2,882.85 Cr ₹2,306.57 Cr ₹1,601.15 Cr ₹1,375.7 Cr ₹1,592.01 Cr ₹1,324.74 Cr ₹939.91 Cr
Other Income ₹41.65 Cr ₹40.27 Cr ₹36.58 Cr ₹33.74 Cr ₹30.75 Cr ₹28.22 Cr ₹30.8 Cr
Total Income ₹2,924.5 Cr ₹2,346.84 Cr ₹1,637.73 Cr ₹1,409.44 Cr ₹1,622.76 Cr ₹1,352.96 Cr ₹970.71 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹1,479.22 Cr ₹1,245.6 Cr ₹821.15 Cr ₹712.13 Cr ₹800.05 Cr ₹630.62 Cr ₹480.86 Cr
Finance Costs ₹62.82 Cr ₹42.92 Cr ₹17.34 Cr ₹14.94 Cr ₹20.07 Cr ₹15.3 Cr ₹15.68 Cr
Depreciation & Amortisation ₹205.39 Cr ₹125.75 Cr ₹92.04 Cr ₹88.84 Cr ₹88.2 Cr ₹79.8 Cr ₹70.58 Cr
Other Expenses ₹536.36 Cr ₹453.83 Cr ₹327.31 Cr ₹282.48 Cr ₹261.09 Cr ₹201.91 Cr ₹191.6 Cr
Total Expenses ₹2,283.8 Cr ₹1,868.09 Cr ₹1,257.83 Cr ₹1,098.39 Cr ₹1,169.4 Cr ₹927.63 Cr ₹758.72 Cr
Profit Before Exceptional Items & Tax ₹640.7 Cr ₹478.75 Cr ₹379.9 Cr ₹311.06 Cr ₹453.36 Cr ₹425.33 Cr ₹211.99 Cr
Exceptional Items -₹97.47 Cr ₹55.14 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹543.23 Cr ₹533.9 Cr ₹379.9 Cr ₹311.06 Cr ₹453.36 Cr ₹425.33 Cr ₹211.99 Cr
Total Tax Expense ₹111.13 Cr ₹106.85 Cr ₹60.2 Cr ₹62.71 Cr ₹65.77 Cr ₹58.67 Cr ₹29.98 Cr
Net Profit ₹432.1 Cr ₹427.04 Cr ₹319.7 Cr ₹248.34 Cr ₹387.59 Cr ₹366.65 Cr ₹182.02 Cr
Other Comprehensive Income -₹345.95 Cr -₹21.46 Cr ₹18.25 Cr -₹34.2 Cr ₹12.83 Cr -₹19.85 Cr -₹4.05 Cr
Total Comprehensive Income ₹86.16 Cr ₹405.59 Cr ₹337.95 Cr ₹214.14 Cr ₹400.42 Cr ₹346.8 Cr ₹177.96 Cr
EBITDA (computed) ₹908.91 Cr ₹647.41 Cr ₹489.27 Cr ₹414.83 Cr ₹561.62 Cr ₹520.42 Cr ₹298.25 Cr
Basic EPS ₹6.26 ₹6.20 ₹4.67 ₹3.65 ₹5.70 ₹5.38 ₹2.63
Diluted EPS ₹6.13 ₹6.05 ₹4.56 ₹3.54 ₹5.49 ₹5.20 ₹2.62
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,292.02 Cr ₹3,800.5 Cr ₹2,964.6 Cr ₹2,619.2 Cr
Non-current Assets ₹2,916.3 Cr ₹2,734.57 Cr ₹2,083.75 Cr ₹1,838.03 Cr
Current Assets ₹1,375.72 Cr ₹1,065.93 Cr ₹880.85 Cr ₹781.17 Cr
Property, Plant & Equipment ₹148.52 Cr ₹143.6 Cr ₹86.85 Cr ₹71.38 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹1,199.32 Cr ₹894.57 Cr ₹729.32 Cr ₹637.46 Cr
Cash & Equivalents ₹34.23 Cr ₹19.36 Cr ₹41.41 Cr ₹17.46 Cr
Equity (Net Worth) ₹2,295.27 Cr ₹2,575.85 Cr ₹2,410.73 Cr ₹2,304.35 Cr
Equity Share Capital ₹696.99 Cr ₹696.99 Cr ₹696.99 Cr ₹696.99 Cr
Borrowings (Non-current) ₹0 ₹0 ₹4.22 Cr ₹3.79 Cr
Borrowings (Current) ₹312.65 Cr ₹245.84 Cr ₹3.22 Cr ₹4.39 Cr
Total Debt (computed) ₹312.65 Cr ₹245.84 Cr ₹7.43 Cr ₹8.17 Cr
Current Liabilities ₹1,168.6 Cr ₹728.67 Cr ₹247.3 Cr ₹181.39 Cr
Total Liabilities ₹1,996.75 Cr ₹1,224.66 Cr ₹553.88 Cr ₹314.85 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹633.02 Cr ₹503.63 Cr ₹347.57 Cr ₹270.19 Cr ₹415.69 Cr
Investing Cash Flow -₹33.56 Cr -₹342.41 Cr -₹26.3 Cr ₹47.14 Cr -₹50.19 Cr
Financing Cash Flow -₹584.87 Cr -₹183.22 Cr -₹297.2 Cr -₹319 Cr -₹356.17 Cr
Capital Expenditure ₹118.4 Cr ₹151.13 Cr ₹52.92 Cr ₹22.28 Cr ₹37.86 Cr
Free Cash Flow (computed) ₹514.62 Cr ₹352.49 Cr ₹294.65 Cr ₹247.91 Cr ₹377.83 Cr
Dividends Paid ₹380.13 Cr ₹275.86 Cr ₹240.59 Cr ₹238.45 Cr ₹238.4 Cr
Net Change in Cash ₹14.87 Cr -₹22.06 Cr ₹23.95 Cr -₹1.46 Cr ₹9 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹773.64 Cr ₹752.02 Cr ₹675.03 Cr ₹682.16 Cr ₹627.68 Cr ₹623.95 Cr ₹542.03 Cr ₹512.9 Cr ₹465.77 Cr ₹434.92 Cr ₹364.28 Cr ₹336.18 Cr
Other Income ₹8.64 Cr ₹10.95 Cr ₹10.01 Cr ₹12.05 Cr ₹10.65 Cr ₹10.89 Cr ₹8.36 Cr ₹10.38 Cr ₹9.03 Cr ₹10.08 Cr ₹9.31 Cr ₹8.16 Cr
Total Income ₹782.28 Cr ₹762.97 Cr ₹685.04 Cr ₹694.21 Cr ₹638.33 Cr ₹634.84 Cr ₹550.39 Cr ₹523.28 Cr ₹474.8 Cr ₹445 Cr ₹373.59 Cr ₹344.34 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹391.61 Cr ₹379.57 Cr ₹364.36 Cr ₹343.69 Cr ₹343.15 Cr ₹329.06 Cr ₹300.47 Cr ₹272.92 Cr ₹244.12 Cr ₹217.82 Cr ₹189.53 Cr ₹169.2 Cr
Finance Costs ₹16.87 Cr ₹16.85 Cr ₹14.84 Cr ₹14.27 Cr ₹13.15 Cr ₹11.42 Cr ₹9.98 Cr ₹8.37 Cr ₹5.37 Cr ₹4.95 Cr ₹3.99 Cr ₹3.04 Cr
Depreciation & Amortisation ₹53.91 Cr ₹53.47 Cr ₹54.24 Cr ₹43.78 Cr ₹39.51 Cr ₹34.17 Cr ₹26.27 Cr ₹25.79 Cr ₹26.25 Cr ₹24.01 Cr ₹21.83 Cr ₹19.95 Cr
Other Expenses ₹132.28 Cr ₹144.18 Cr ₹133.82 Cr ₹126.08 Cr ₹117.02 Cr ₹137.28 Cr ₹101.37 Cr ₹98.16 Cr ₹88.13 Cr ₹88.79 Cr ₹73.49 Cr ₹77.38 Cr
Total Expenses ₹594.66 Cr ₹594.07 Cr ₹567.25 Cr ₹527.81 Cr ₹512.84 Cr ₹511.92 Cr ₹438.09 Cr ₹405.24 Cr ₹363.87 Cr ₹335.57 Cr ₹288.83 Cr ₹269.56 Cr
Profit Before Exceptional Items & Tax ₹187.62 Cr ₹168.9 Cr ₹117.78 Cr ₹166.4 Cr ₹125.49 Cr ₹122.92 Cr ₹112.3 Cr ₹118.04 Cr ₹110.92 Cr ₹109.44 Cr ₹84.76 Cr ₹74.78 Cr
Exceptional Items ₹0 -₹97.47 Cr ₹0 ₹0 ₹0 ₹55.14 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹187.62 Cr ₹71.43 Cr ₹117.78 Cr ₹166.4 Cr ₹125.49 Cr ₹178.06 Cr ₹112.3 Cr ₹118.04 Cr ₹110.92 Cr ₹109.44 Cr ₹84.76 Cr ₹74.78 Cr
Total Tax Expense ₹47.59 Cr ₹12.63 Cr ₹19.74 Cr ₹31.18 Cr ₹33.14 Cr ₹30.08 Cr ₹20.44 Cr ₹23.19 Cr ₹17.74 Cr ₹19.89 Cr ₹12.67 Cr ₹9.91 Cr
Net Profit ₹140.03 Cr ₹58.81 Cr ₹98.05 Cr ₹135.22 Cr ₹92.35 Cr ₹147.98 Cr ₹91.86 Cr ₹94.85 Cr ₹93.18 Cr ₹89.55 Cr ₹72.09 Cr ₹64.88 Cr
Other Comprehensive Income -₹110.71 Cr -₹35.38 Cr -₹76.92 Cr -₹122.94 Cr -₹10.9 Cr ₹95.2 Cr -₹113.6 Cr ₹7.83 Cr ₹28.28 Cr -₹37.03 Cr ₹14.52 Cr ₹12.48 Cr
Total Comprehensive Income ₹29.33 Cr ₹23.42 Cr ₹21.12 Cr ₹12.28 Cr ₹81.45 Cr ₹243.19 Cr -₹21.74 Cr ₹102.69 Cr ₹121.47 Cr ₹52.52 Cr ₹86.61 Cr ₹77.36 Cr
EBITDA (computed) ₹258.39 Cr ₹239.22 Cr ₹186.86 Cr ₹224.44 Cr ₹178.16 Cr ₹168.51 Cr ₹148.55 Cr ₹152.2 Cr ₹142.54 Cr ₹138.4 Cr ₹110.57 Cr ₹97.76 Cr
Basic EPS ₹2.03 ₹0.85 ₹1.42 ₹1.96 ₹1.34 ₹2.15 ₹1.34 ₹1.38 ₹1.36 ₹1.31 ₹1.06 ₹0.95
Diluted EPS ₹1.99 ₹0.83 ₹1.39 ₹1.92 ₹1.31 ₹2.10 ₹1.31 ₹1.35 ₹1.33 ₹1.28 ₹1.03 ₹0.93
Latest 12 quarters shown of 25 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Firstsource Solutions Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Firstsource Solutions Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 53.66%, foreign institutional investors hold 8.86%, domestic institutional investors hold 25.49%, retail and other public shareholders hold 11.04% of Firstsource Solutions Limited. The company had 229,935 shareholders on record.

Promoters: 53.66%DII (Domestic Institutional): 25.49%FII (Foreign Institutional): 8.86%Retail & Others: 11.04%Others: 0.95%
Mar 2026
QUARTER
53.66% Promoters
25.49% DII (Domestic Institutional)
8.86% FII (Foreign Institutional)
11.04% Retail & Others
0.95% Others
Promoter holding - history
Now 53.66% · Mar 2026High 55.59% · Dec 2015Low 53.66% · Sep 2021
52%53.3%54.5%55.8%57%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 55.59%Mar 2016: 55.54%Jun 2016: 55.41%Sep 2016: 55.35%Dec 2016: 55.16%Mar 2017: 54.89%Jun 2017: 54.85%Sep 2017: 54.82%Dec 2017: 54.57%Mar 2018: 54.47%Jun 2018: 54.32%Sep 2018: 54.17%Dec 2018: 54.13%Mar 2019: 54.12%Jun 2019: 53.96%Sep 2019: 53.95%Dec 2019: 53.92%Mar 2020: 53.90%Jun 2020: 53.89%Sep 2020: 53.82%Dec 2020: 53.77%Mar 2021: 53.72%Jun 2021: 53.68%Sep 2021: 53.66%Dec 2021: 53.66%Mar 2022: 53.66%Jun 2022: 53.66%Sep 2022: 53.66%Dec 2022: 53.66%Mar 2023: 53.66%Jun 2023: 53.66%Sep 2023: 53.66%Dec 2023: 53.66%Mar 2024: 53.66%Jun 2024: 53.66%Sep 2024: 53.66%Dec 2024: 53.66%Mar 2025: 53.66%Jun 2025: 53.66%Sep 2025: 53.66%Dec 2025: 53.66%Mar 2026: 53.66%55.59%53.66%53.66%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters53.66%53.66%53.66%53.66%53.66%53.66%
Public45.39%45.51%45.46%45.45%45.23%45.25%
Employee Trusts0.95%0.83%0.88%0.89%1.11%1.09%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters53.66%53.66%53.66%53.66%53.66%53.72%53.90%54.12%54.47%54.89%55.54%
Public45.39%45.23%45.00%44.11%43.90%43.83%45.74%45.88%45.53%45.11%44.46%
Employee Trusts0.95%1.11%1.35%2.24%2.44%2.44%0.36%0.00%0.00%0.00%0.00%
Promoter change (YoY, %pts)+0.00+0.00+0.00+0.00-0.06-0.18-0.22-0.35-0.42-0.65-

Board & Governance of Firstsource Solutions Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Firstsource Solutions Limited has 12 directors - 7 independent and 1 executive. The board is chaired by Sanjiv Goenka.

DirectorPositionOn board sinceListed boards
Sanjiv Goenka Non-Executive - Non Independent Director · Chairperson 2012-12-03 5
Ritesh Idnani Executive Director · CEO-MD 2023-09-01 1
Shashwat Goenka Non-Executive - Non Independent Director 2012-12-05 5
Pradip Kumar Khaitan Non-Executive - Non Independent Director 2014-11-14 2
Subrata Talukdar Non-Executive - Non Independent Director 2012-12-05 1
Sunil Mitra Non-Executive - Independent Director 2019-04-01 0
Vanita Uppal Non-Executive - Independent Director 2022-05-05 1
Utsav Parekh Non-Executive - Independent Director 2022-11-02 7
Rekha Sethi Non-Executive - Independent Director 2023-09-01 4
T C Suseel Kumar Non-Executive - Independent Director 2023-09-01 4
Rajiv Kumar Non-Executive - Independent Director 2024-05-03 1
Paras Kumar Chowdhary Non-Executive - Independent Director 2026-03-05 3
Board Committees
CommitteeMembers
Audit Committee Sunil Mitra, Subrata Talukdar, Utsav Parekh (Chairperson), T C Suseel Kumar
Nomination and remuneration committee T C Suseel Kumar (Chairperson), Utsav Parekh, Subrata Talukdar
Stakeholders Relationship Committee Subrata Talukdar (Chairperson), Ritesh Idnani, Rekha Sethi
Risk Management Committee Shashwat Goenka (Chairperson), Ritesh Idnani, Vanita Uppal, Dinesh Jain
Corporate Social Responsibility Committee Shashwat Goenka (Chairperson), Ritesh Idnani, Subrata Talukdar, Rajiv Kumar

Group Structure of Firstsource Solutions Limited

Firstsource Solutions Limited has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Firstsource Solutions Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Firstsource Process Management Services Limited U72200KA2010PLC055713 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Firstsource Solutions Limited

Open charges
₹0
Satisfied charges
₹1,960.1 Cr
Breakdown by lending institutions
Il & Fs Trust Company Limited₹1,734.00 Cr
Others₹150.00 Cr
Icici Bank Ltd.₹69.00 Cr
3I Infotech Trusteeship Services Limited₹6.00 Cr
Abn Amro Bank N.A₹1.10 Cr
Latest charge details
DateLenderAmountStatus
18 Aug 2015 Others ₹150 Cr Satisfied
22 Jul 2011 Il & Fs Trust Company Limited ₹1,734 Cr Satisfied
08 Jan 2009 3I Infotech Trusteeship Services Limited ₹6 Cr Satisfied
22 Sep 2004 Abn Amro Bank N.A ₹1.1 Cr Satisfied
08 Jun 2004 Icici Bank Ltd. ₹69 Cr Satisfied

Total charge records: 5 View all charges

Employees and EPFO Compliance at Firstsource Solutions Limited

Firstsource Solutions Limited has a workforce of 14,601 employees as of Apr 09, 2024.

Employee count
14,601
Active EPFO establishments
4
Employee growth
3.09%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Firstsource Solutions Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Firstsource Solutions Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Firstsource Solutions Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Firstsource Solutions Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Firstsource Solutions Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Firstsource Solutions Limited

MSME Payment Delays by Firstsource Solutions Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Firstsource Solutions Limited

Subsidiaries & Group Companies of Firstsource Solutions Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Firstsource Solutions Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Firstsource Solutions Limited

MCA Filings & Documents of Firstsource Solutions Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Firstsource Solutions Limited

Activity
30 Jul 2025
Firstsource Solutions Limited last Annual general meeting of members was held on 30 Jul 2025 as per latest MCA records.
Activity
31 Mar 2025
Firstsource Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
03 May 2024
Rajiv Kumar was appointed as a Director on 03 May 2024 & has been associated with this company since 2 years 2 months.
Directors
01 Sep 2023
Ritesh Mohan Idnani was appointed as a CEO on 01 Sep 2023 & has been associated with this company since 2 years 10 months.
Directors
01 Sep 2023
Rekha Sethi was appointed as a Director on 01 Sep 2023 & has been associated with this company since 2 years 10 months.
Directors
01 Sep 2023
Tharavanat Chandrasekharan Suseelkumar was appointed as a Director on 01 Sep 2023 & has been associated with this company since 2 years 10 months.

Frequently Asked Questions about Firstsource Solutions Limited

Firstsource Solutions Limited is an active public limited company in the business outsourcing sector based in Goregaon East, Maharashtra, India. It was incorporated on 06 December 2001 (25+ years old) and is registered under CIN L64202MH2001PLC134147. Listed on BSE: 532809 and NSE: FSL. The company has 14,601 employees.

Firstsource Solutions Limited reported revenue of ₹7,979.45 Cr for FY 2025 (up 25.00% YoY).

The primary industry of Firstsource Solutions Limited is business outsourcing. The company specifically operates in business process outsourcing. The company is currently active in this sector.

Yes. Firstsource Solutions Limited is listed on both BSE (code: 532809) and NSE (symbol: FSL).

Firstsource Solutions Limited can be reached at the registered office: 1St Floor Athena Towers, Mindspace Malad, Goregaon East, Maharashtra, India – 400063, or through the website firstsource.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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