MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0035898
Hansa Research Group Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹84.99 Cr
▲ 16% YoY
Net profit · FY 2024
₹6.35 Cr
Net margin 7.5%
EBITDA · FY 2024
₹8.59 Cr
EBITDA margin 10.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.08 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹38.72 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
214
Provident fund records
About Hansa Research Group Private Limited
Data last updated:
Hansa Research Group Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of R K Swamy Limited. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 18 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH1994PTC238382. Its GSTIN is 27AAACH9516M1Z7 (Maharashtra). The company holds 18 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.08 Cr. It is led by directors including Praveen Omprakash Nijhara (Whole-Time Director) and Narasimhan Krishnaswamy.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sahneybusinesscentre Buildinga Firstfloorplotno27 Kirolroad Vidyavihar(West), Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2024, the company reported a revenue of ₹84.99 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹6.35 Cr (net margin 7.5%) and EBITDA of ₹8.59 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 7% over five years.
The company has about 214 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Hansa Research and HansaResearch. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹38.72 Cr on record. Court records list 14 cases involving the company, including 12 filed by the company and 2 filed against it; 3 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in July 2022. The company has 4 MSME Form 1 returns on record between 2019 and 2023, listing 87 overdue payments to 14 micro and small suppliers.
Hansa Research Group Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0035898). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hansaresearch.com.
Company details
CIN U72300MH1994PTC238382
Registration Number 238382
Incorporation Date 18 April 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 August 2025
Date of Balance Sheet 31 March 2025
Parent Company R K Swamy Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0035898
CIN history
Hansa Research Group has one previous CIN (Corporate Identification Number): U72300TN1994PTC027308. The current CIN is U72300MH1994PTC238382, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300MH1994PTC238382 | Current |
| U72300TN1994PTC027308 | Previous |
Key People
Praveen Omprakash Nijhara Whole-Time Director Narasimhan Krishnaswamy Director Srinivasan Krishnaswamy Director Recognitions & Rankings of Hansa Research Group
Contact details
Hansa Research Group Private Limited's registered office is in Mumbai, Maharashtra. Its website is hansaresearch.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSahneybusinesscentre Buildinga Firstfloorplotno27 Kirolroad Vidyavihar(West), Mumbai, Maharashtra, India – 400086
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Hansa Research Group Private Limited, buy the company report.
Comprehensive company report
Hansa Research Group Private 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
Hansa Research Group operates two associated brands: Hansa Research and HansaResearch. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Market research firm offering consumer insights and analytics for brands. | hansaresearch.com | |
| Blog focused on market research | hansaresearch.xyz |
Business activity
The main business activity of Hansa Research Group is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Hansa Research Group Private Limited, buy the company report.
Financials of Hansa Research Group Private Limited
FY 2025 filings availableHansa Research Group Private Limited reported revenue of ₹84.99 Cr (up 16% YoY) for FY 2024.
Revenue · FY 2024
₹84.99 Cr ▲ 16%
Net profit · FY 2024
₹6.35 Cr margin 7.5%
EBITDA · FY 2024
₹8.59 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 19%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 46%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 16% growth in the latest year. EBITDA rose 47% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹84.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.35 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 7.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Hansa Research Group Private Limited, buy the company report.
Board of directors of Hansa Research Group Private Limited
Hansa Research Group has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimhan Krishnaswamy Also directs: Prem Marketing Ventures LLP, R K Swamy Limited, Hansa Holdings Private Limited and 5 more | Director | 18 Apr 1994 | 32 Years 6 Months | Current |
| Srinivasan Krishnaswamy Also directs: R K Swamy Limited, Hansa Customer Equity Private Limited, Dsquare Solutions Private Limited and 5 more | Director | 30 Sep 1994 | 32 Years 1 Months | Current |
| Vathsala Ravindran | Director | 17 Apr 2002 | 24 Years 6 Months | Current |
| Rajiv Vastupal Mehta Also directs: R K Swamy Limited, Atlantis Products Private Limited, Rajiv Petrochemicals Pvt Ltd and 3 more | Director | 04 Aug 2023 | 3 Years 2 Months | Current |
| Ashok Kumar Das | Director | 17 Apr 2002 | 24 Years 6 Months | Current |
| Praveen Omprakash Nijhara | Whole-Time Director | 22 Apr 2019 | 7 Years 6 Months | Current |
Auditor
Hansa Research Group Private Limited is audited by Deloitte Haskins and Sells for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins and Sells | FY 2024 | 008072S |
Shareholding
The shareholding of Hansa Research Group Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hansa Research Group Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹38.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2024 | 100934035 | Others | ₹10 Cr | Open | |
| 10 Jan 2023 | 100677887 | Yes Bank Limited | ₹10 Cr | Satisfied | |
| 30 Sep 2022 | 100618446 | Others | ₹1.25 Cr | Satisfied | |
| 22 Jul 2020 | 100367114 | Axis Bank Limited | ₹67 Lakh | Satisfied | |
| 25 Nov 2016 | 100067036 | Axis Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Hansa Research Group Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Hansa Research Group Private Limited has 6 deals on record (6 secondary share transfers); the latest was in July 2022.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: RK Swamy Limited & Srinivasan K Swamy, R K Swamy Limited Seller: Hansa Vision India Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Hansa Vision India Private Limited Seller: 2 individuals |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Hansa Vision India Private Limited Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Hansa Vision India Private Limited Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Hansa Vision India Private Limited Seller: an individual |
To see the full deal history of Hansa Research Group 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
Hansa Research Group Private Limited has 14 court cases on record: 12 filed by Hansa Research Group, 2 filed against it. 3 cases are pending and 11 are disposed.
Total cases
14
Filed by the company
12
Filed against the company
2
Pending
3
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 2 |
| High courts | 3 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed against the company by Arg Outlier Media Private Limited Through Director Through Director NBW Building, Bombay Dyeing Mill Compound, Wadia International Centre, PB Marg, Worli ,Mumbai , Maharashtra and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Arg Outlier Media Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Arg Outlier Media Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against individuals | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Pending |
To see the full case history of Hansa Research Group 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
Hansa Research Group Private Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 87 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iamico Analysis Private Limited | |||
| an individual supplier | |||
| Airnet Cable and Datacom Private Limited | |||
| Shubhaarambh Business Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Hansa Research Group Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hansa Research Group Private Limited has a workforce of 214 employees on its EPFO records as of Mar 22, 2024, across 2 active EPFO establishments.
Employee count
214
Active EPFO establishments
2
Employee growth
3.88%
GST
Hansa Research Group has 18 GST registrations: 12 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
18
Active
12
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH9516M1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACH9516M3Z5 | Maharashtra | Active | 28 Mar 2025 |
| 07AAACH9516M1Z9 | Delhi | Active | 01 Jul 2017 |
| 09AAACH9516M1Z5 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hansa Research Group Private Limited, buy the company report.
Recent activity
Hansa Research Group Private Limited has 13 board changes on record since 1994: 6 appointments and 7 cessations. The latest: Rajiv Vastupal Mehta ceased to be Additional Director on 13 Aug 2024.
AGM
Hansa Research Group Private Limited last Annual general meeting of members was held on 21 Aug 2025 as per latest MCA records.
Filing
Hansa Research Group Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Rajiv Vastupal Mehta ceased to be Additional Director.
Charges
A charge registered on 10 Jan 2023 via Charge ID 100677887 with Yes Bank Limited was fully satisfied on 26 Jul 2024.
Charges
A charge with Others of Rs. 10.00 Cr registered on 30 Apr 2024 with Charge ID 100934035 was modified on 16 Jul 2024.
Charges
A charge registered on 30 Sep 2022 via Charge ID 100618446 with Others was fully satisfied on 31 May 2024.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100934035 was registered on 30 Apr 2024.
Appointed
Rajiv Vastupal Mehta was appointed as Director.
Charges
A charge registered on 25 Nov 2016 via Charge ID 100067036 with Axis Bank Limited was fully satisfied on 24 May 2023.
Charges
A charge registered on 22 Jul 2020 via Charge ID 100367114 with Axis Bank Limited was fully satisfied on 17 May 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100677887 was registered on 10 Jan 2023.
Charges
A charge with Others amounted to Rs. 1.25 Cr with Charge ID 100618446 was registered on 30 Sep 2022.
22 earlier events are in the company report.
News
Frequently asked questions
Hansa Research Group is an active private limited company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 18 April 1994 (32+ years old) and is registered under CIN U72300MH1994PTC238382.
Hansa Research Group has 6 current directors:
- Praveen Omprakash Nijhara - Whole-Time Director
- Narasimhan Krishnaswamy - Director
- Srinivasan Krishnaswamy - Director
- Vathsala Ravindran - Director
- Rajiv Vastupal Mehta - Director
- Ashok Kumar Das - Director
The latest financial statements of Hansa Research Group on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hansa Research Group is 27AAACH9516M1Z7, registered in Maharashtra. The company has 18 GST registrations in all, of which 12 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAACH9516M3Z5 (Maharashtra), 07AAACH9516M1Z9 (Delhi), 09AAACH9516M1Z5 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Hansa Research Group is U72300MH1994PTC238382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hansa Research Group has 14 court cases on record: 12 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Hansa Research Group was incorporated on 18 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Hansa Research Group has 6 deals on record (6 secondary share transfers); the latest was in July 2022.
Rajiv Vastupal Mehta ceased to be Additional Director on 13 Aug 2024. Rajiv Vastupal Mehta was appointed as Director on 04 Aug 2023. Biplab Ghosh ceased to be Whole-Time Director on 22 Mar 2021. Hansa Research Group has 13 board changes on record in total.
Yes, Hansa Research Group is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0035898).
Hansa Research Group has 4 MSME Form 1 returns on record between 2019 and 2023, listing 87 overdue payments to 14 micro and small suppliers. The latest return was filed on 29 Aug 2023.
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