About Greenpay Outsourcing Services Private Limited
Data last updated:
Greenpay Outsourcing Services Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 22 September 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2011PTC060535. Its GSTIN is 29AAECG4176A1ZR (Karnataka).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Venkatesh Krishnan and Sundaram Lalitha.
Its last annual general meeting (AGM) was held on 30 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at No.1B 2nd Floor 27th Main H.S.R. Layout Sector – 1, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2023, the company reported a revenue of ₹66,747, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹36.35 Lakh and EBITDA of -₹36.35 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 62% over five years.
The last known website on record is greenpayoutsourcing.com.
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- Registered AddressNo.1B 2nd Floor 27th Main H.S.R. Layout Sector – 1, Bangalore, Karnataka, India – 560102
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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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Financials of Greenpay Outsourcing Services Private Limited FY 2024 filings available
Greenpay Outsourcing Services Private Limited reported revenue of ₹66,747 (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Greenpay Outsourcing Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 98% fall in the latest year. EBITDA rose 2% 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 Greenpay Outsourcing Services Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹36.35 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹36.35 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 of Greenpay Outsourcing Services Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Greenpay Outsourcing 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.
Peer Comparison of Greenpay Outsourcing Services Private Limited
Greenpay Outsourcing Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VCC Security and Manpower Private Limited | ₹67,415 (FY 2024) | •••• | •••• | 55.0% | •••• | Sonipat, Haryana, India |
| Voikonnect Management Process Outsourcing Private Limited | ₹67,340 (FY 2025) | •••• | •••• | -99.0% | •••• | Navi Mumbai, Maharashtra, India |
| Changemasters Management Consulting Private Limited | ₹67,163 (FY 2025) | •••• | •••• | -94.0% | •••• | Delhi, India |
| Ams Corporate Services Private Limited | ₹67,010 (FY 2025) | •••• | •••• | 3.0% | •••• | Chennai, Tamil Nadu, India |
| Globacare Private Limited | ₹66,965 (FY 2025) | •••• | •••• | -97.0% | •••• | New Delhi, Delhi, India |
| Greenpay Outsourcing Services Private Limited this company | ₹66,747 (FY 2023) | •••• | •••• | -98.0% | •••• | Bangalore, Karnataka, India |
| Palm Marine Services Private Limited | ₹66,664 (FY 2025) | •••• | •••• | 17.0% | •••• | Navi Mumbai, Maharashtra, India |
| User Tech Private Limited | ₹66,062 (FY 2024) | •••• | •••• | -95.0% | •••• | Chennai, Tamil Nadu, India |
| Divyakirpal Enterprises Private Limited | ₹66,046 (FY 2025) | •••• | •••• | 13.0% | •••• | Bareilly, Uttar Pradesh, India |
| Samudra Technical Services Private Limited | ₹66,014 (FY 2025) | •••• | •••• | 10.0% | •••• | Revdanda, Maharashtra, India |
| RJS Recruitment & Consulting Private Limited | ₹64,559 (FY 2022) | •••• | •••• | -93.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Greenpay Outsourcing Services by revenue in the Outsourcing industry (HR Outsourcing), 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 Greenpay Outsourcing Services Private Limited
Auditor information for Greenpay Outsourcing Services Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Greenpay Outsourcing Services Private Limited
Greenpay Outsourcing Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Krishnan | Director | 22 Sep 2011 | 15 Years 0 Months | As last reported |
| Sundaram Lalitha | Director | 21 Mar 2018 | 8 Years 6 Months | As last reported |
Ownership and Shareholding of Greenpay Outsourcing 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 Greenpay Outsourcing Services Private Limited
Greenpay Outsourcing Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Greenpay Outsourcing Services Private Limited
Employment history and EPFO contributions of people linked to Greenpay Outsourcing Services.
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.
Recent Activity on Greenpay Outsourcing Services Private Limited
Greenpay Outsourcing Services Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Anil Singh Kumar ceased to be Additional Director on 21 Mar 2018.
Credit Ratings, Litigation & Regulatory Alerts for Greenpay Outsourcing 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 Greenpay Outsourcing 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 Greenpay Outsourcing 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 Greenpay Outsourcing Services Private Limited
Greenpay Outsourcing Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECG4176A1ZR | Karnataka | Active | 01 Jul 2017 |
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 Greenpay Outsourcing 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.
Frequently Asked Questions about Greenpay Outsourcing Services Private Limited
Greenpay Outsourcing Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Greenpay Outsourcing Services was a private limited company based in Bangalore, Karnataka, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 22 September 2011 and is registered under CIN U74900KA2011PTC060535. The company has been struck off by the Registrar of Companies and is no longer operational.
Greenpay Outsourcing Services had 2 directors:
- Venkatesh Krishnan - Director
- Sundaram Lalitha - Director
The CIN (Corporate Identification Number) of Greenpay Outsourcing Services is U74900KA2011PTC060535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Greenpay Outsourcing Services is at No.1B 2nd Floor 27th Main H.S.R. Layout Sector – 1, Bangalore, Karnataka, India – 560102.
Greenpay Outsourcing Services was incorporated on 22 September 2011. It is registered with the Registrar of Companies, Bangalore.
Greenpay Outsourcing Services can be reached through the website greenpayoutsourcing.com. Its registered office is in Bangalore, Karnataka, India.
Greenpay Outsourcing Services reported revenue of ₹66,747 for FY 2023 (down 98% YoY).
Greenpay Outsourcing Services has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Greenpay Outsourcing Services reported a net loss of ₹36.35 Lakh and EBITDA of -₹36.35 Lakh for FY 2023, as per its filed financial statements.
The GSTIN of Greenpay Outsourcing Services is 29AAECG4176A1ZR, registered in Karnataka.