About Growmate Services Private Limited
Data last updated:
Growmate Services Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the security and surveillance segment of the business services sector. It was incorporated on 15 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74920PN2002PTC016758. Its GSTIN is 27AAICS0057J1Z8 (Maharashtra).
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹8 Lakh. It was formerly known as Sai Security and Housekeeping Services Private Limited and Sai Manforce Solutions Private Limited. It is led by directors Pradeep Murari Rane (Managing Director) and Prachi Pradeep Rane.
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 Panchavati Complexnear Vaibhav Cinema Hadapsar, Pune, Maharashtra, India – 411028.
As per the financials filed for FY 2025, the company reported a revenue of ₹32 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹31.63 Lakh (net margin 1%) and EBITDA of ₹59.53 Lakh (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 52% over five years.
The company has about 168 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹1.42 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website growmate.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPanchavati Complexnear Vaibhav Cinema Hadapsar, Pune, Maharashtra, India – 411028
- 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 Growmate Services Private Limited
The main business activity of Growmate Services is administrative and support service activities. 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 | Administrative and support service activities | 80 | 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 Growmate Services Private Limited FY 2025 filings available
Growmate Services Private Limited reported revenue of ₹32 Cr (up 50% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Growmate Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 50% growth in the latest year. EBITDA rose 17% 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 Growmate 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹59.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.63 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 Growmate Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| 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 Growmate 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 Growmate Services Private Limited
Growmate 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 |
|---|---|---|---|---|---|---|
| Acro HR Solutions (India) Private Limited | ₹32.21 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Bhupati Infrabuild Services Private Limited | ₹32.18 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Thane, Maharashtra, India |
| Ding Manpower and Securities Services Private Limited | ₹32.13 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Haryana, India |
| Taurus Contractors Private Limited | ₹32.13 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
| Push Logistics and Warehousing Private Limited | ₹32.11 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Growmate Services Private Limited this company | ₹32 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Pune, Maharashtra, India |
| SK Outsourcing Private Limited | ₹31.98 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Navi Mumbai, Maharashtra, India |
| Teamred Management Solutions Private Limited | ₹31.97 Cr (FY 2025) | •••• | •••• | 233.0% | •••• | Mumbai, Maharashtra, India |
| Daksh Diligence & Security Service Private Limited | ₹31.88 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mohali, Punjab, India |
| Altum Staffing and Marketing Solutions Private Limited | ₹31.85 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Allahabad, Uttar Pradesh, India |
| Protech Engineering Industries Pvt Ltd | ₹31.68 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Growmate 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 Growmate Services Private Limited
Growmate Services Private Limited is audited by DNYANESHWAR HINGE & COMPANY for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DNYANESHWAR HINGE & COMPANY | 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.
Board of Directors of Growmate Services Private Limited
Growmate Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Murari Rane Also directs: Sai Manforce Training Foundation | Managing Director | 15 Feb 2002 | 24 Years 7 Months | Current |
| Prachi Pradeep Rane Also directs: Sai Manforce Training Foundation | Director | 30 Nov 2009 | 16 Years 10 Months | Current |
Ownership and Shareholding of Growmate 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 Growmate Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Mar 2025 | Bank of India | ₹1.5 Cr | Open |
| 16 Jun 2014 | Ing Vysya Bank Limited | ₹79.44 Lakh | Satisfied |
| 23 Feb 2012 | Bank of India | ₹12.25 Lakh | Satisfied |
| 06 Jan 2011 | Bank of India | ₹50 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Growmate Services Private Limited
Growmate Services Private Limited has 3 court cases on record: 2 filed by Growmate Services, 1 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against Rochem Green Energy Private Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (ECA H) | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by State of Mahrashtra | Disposed |
Full case history
All 3 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 Growmate Services Private Limited
Growmate Services Private Limited has a workforce of 168 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.
Name History of Growmate Services Private Limited
Growmate Services has undergone 2 name changes throughout its history. The company was previously known as Sai Security And Housekeeping Services Private Limited, and Sai Manforce Solutions Private Limited. The current legal name is Growmate Services Private Limited.
| Company Name | Status |
|---|---|
| Growmate Services Private Limited | Current |
| Sai Security And Housekeeping Services Private Limited | Previous |
| Sai Manforce Solutions Private Limited | Previous |
Recent Activity on Growmate Services Private Limited
Growmate Services Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Pradeep Murari Rane ceased to be Director on 16 Oct 2010.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Growmate 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 Growmate 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 Growmate 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 Growmate Services Private Limited
Growmate Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS0057J1Z8 | Maharashtra | 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 Growmate 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 Growmate Services Private Limited
Growmate Services is an active private limited company based in Pune, Maharashtra, India. The company works in security and surveillance, within the business services industry. It was incorporated on 15 February 2002 (24+ years old) and is registered under CIN U74920PN2002PTC016758.
Growmate Services reported revenue of ₹32 Cr for FY 2025 (up 50% YoY).
Growmate Services has 2 current directors:
- Pradeep Murari Rane - Managing Director
- Prachi Pradeep Rane - Director
Growmate Services reported a net profit of ₹31.63 Lakh (net margin 1%) and EBITDA of ₹59.53 Lakh (EBITDA margin 1.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Growmate Services is 71% over three years and 52% over five years. In the latest year (FY 2025) revenue rose 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Growmate Services is 27AAICS0057J1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Growmate Services is U74920PN2002PTC016758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Growmate Services has 3 court cases on record: 2 filed by the company and 1 filed against it.
Growmate Services was incorporated on 15 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Growmate Services by revenue are Acro HR Solutions (India) Private Limited, Bhupati Infrabuild Services Private Limited, Ding Manpower and Securities Services Private Limited, Taurus Contractors Private Limited, Push Logistics and Warehousing Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Pradeep Murari Rane ceased to be Director on 16 Oct 2010. Uday Rane ceased to be Managing Director on 01 Dec 2009. Prachi Pradeep Rane was appointed as Director on 30 Nov 2009. Growmate Services has 4 board changes on record in total.