Happy Square Outsourcing Services Limited
About Happy Square Outsourcing Services Limited
Data last updated:
Happy Square Outsourcing Services Limited is a public limited company based in Jabalpur, Madhya Pradesh, India. It operates in the management consultancy segment of the business services sector. It was incorporated on 20 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L80904MP2017PLC043153. Its GSTIN is 23AAYCS5382C1Z1 (Madhya Pradesh). It is a listed company as per MCA records. Its shares are listed on NSE: WHITEFORCE.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹11.6 Cr. It was formerly known as Splendid Academy Private Limited. It is led by directors including Poonam Rajpal (Managing Director) and Deepika Ondela (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 240 Nagpur Road Madan Mahal, Jabalpur, Madhya Pradesh, India – 482008.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹109.17 Cr, a growth of 12.1% compared to the previous year. For the same year it recorded a net profit of ₹6.21 Cr (net margin 5.7%) and EBITDA of ₹6.94 Cr (EBITDA margin 6.4%). The net worth stands at ₹42.08 Cr (up 237.2% YoY). Total assets are valued at ₹49.71 Cr (up 82.2% YoY).
The company has about 2,062 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.7 Cr and satisfied charges of ₹4.52 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 ipo); the latest was in July 2025. Its 10 peer companies in the same principal business activity (management consultancy activities) are compared by revenue, 5 larger and 5 smaller; the largest is Protiviti Consulting Private Limited with revenue of ₹107.01 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Happy Square Outsourcing Services has undergone 2 name changes throughout its history. The company was previously known as Splendid Academy Private Limited, and Happy Square Outsourcing Services Limited. The current legal name is Happy Square Outsourcing Services Limited.
| Company Name | Status |
|---|---|
| Happy Square Outsourcing Services Limited | Current |
| Splendid Academy Private Limited | Previous |
CIN history
Happy Square Outsourcing Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L80904MP2017PLC043153, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L80904MP2017PLC043153 | Current |
| U80904MP2017PTC043153 | Previous |
| U80904MP2017PLC043153 | Previous |
Contact details
Happy Square Outsourcing Services Limited's registered office is in Jabalpur, Madhya Pradesh.
- Registered Address240 Nagpur Road Madan Mahal, Jabalpur, Madhya Pradesh, India – 482008
- IndustryBusiness Services, Management Consultancy
- 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 Happy Square Outsourcing Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Happy Square Outsourcing Services Limited, buy the company report.
Financials of Happy Square Outsourcing Services Limited
FY 2025-26 filings availableHappy Square Outsourcing Services Limited reported revenue of ₹109.17 Cr (up 12.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 109 | 97.41 | 69.29 | 52.70 | 28.23 |
| Revenue growth | +12.1% | +40.6% | +31.5% | +86.7% | - |
| EBITDA | 6.94 | 9.32 | 6.45 | 2.83 | 0.46 |
| EBITDA margin | +6.4% | +9.6% | +9.3% | +5.4% | +1.6% |
| Profit before tax | 5.95 | 7.99 | 5.86 | 2.37 | 0.33 |
| Net profit | 6.21 | 5.96 | 4.40 | 1.77 | 0.25 |
| Net profit margin | +5.7% | +6.1% | +6.4% | +3.4% | +0.9% |
| EPS (₹) | 5.16 | 7.07 | 4,393.20 | 1,787.80 | 245.90 |
| Balance sheet | |||||
| Total assets | 49.71 | 27.29 | 17.72 | 8.80 | 4.26 |
| Net worth | 42.08 | 12.48 | 6.57 | 2.14 | 0.35 |
| Total debt | 7.36 | 14.59 | 10.99 | 6.57 | 3.85 |
| Cash & bank | 1.40 | 0.65 | 0.22 | 0.23 | 0.49 |
| Net working capital | 39.48 | 22.75 | 13.23 | 6.22 | 2.79 |
| Cash flow | |||||
| Cash from operations | (13.94) | (1.64) | (1.88) | (1.43) | (0.04) |
| Cash from investing | (0.75) | (0.39) | (1.88) | (1.16) | (1.22) |
| Cash from financing | 15.44 | 2.46 | 3.75 | 2.32 | 0.89 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 109 | 97.41 | 69.29 | 52.70 | 28.23 |
| Revenue growth | +12.1% | +40.6% | +31.5% | +86.7% | - |
| Other income | 0.72 | 0.27 | 0.25 | 0.10 | 0.02 |
| Total expenses | 102 | 88.09 | 62.84 | 49.87 | 27.77 |
| Employee cost | 2.02 | 1.52 | 1.00 | 1.34 | 0.30 |
| EBITDA | 6.94 | 9.32 | 6.45 | 2.83 | 0.46 |
| EBITDA margin | +6.4% | +9.6% | +9.3% | +5.4% | +1.6% |
| Depreciation | 0.76 | 0.45 | 0.18 | 0.16 | 0.10 |
| Interest | 0.95 | 1.15 | 0.66 | 0.40 | 0.05 |
| Profit before tax | 5.95 | 7.99 | 5.86 | 2.37 | 0.33 |
| Tax | (0.05) | 2.03 | 1.46 | 0.60 | 0.08 |
| Net profit | 6.21 | 5.96 | 4.40 | 1.77 | 0.25 |
| Net profit margin | +5.7% | +6.1% | +6.4% | +3.4% | +0.9% |
| EPS (₹) | 5.16 | 7.07 | 4,393.20 | 1,787.80 | 245.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 11.60 | 8.41 | 0.01 | 0.01 | 0.01 |
| Reserves & surplus | 30.48 | 4.07 | 6.56 | 2.13 | 0.34 |
| Shareholders' funds (net worth) | 42.08 | 12.48 | 6.57 | 2.14 | 0.35 |
| Secured loans | 5.46 | 11.48 | 7.90 | 3.90 | 0.88 |
| Unsecured loans | 1.90 | 3.11 | 3.09 | 2.67 | 2.97 |
| Total debt | 7.36 | 14.59 | 10.99 | 6.57 | 3.85 |
| Total liabilities | 49.71 | 27.29 | 17.72 | 8.80 | 4.26 |
| Assets | |||||
| Gross block | 5.32 | 4.09 | 2.62 | 0.73 | 0.53 |
| Net block | 3.62 | 3.15 | 2.14 | 0.43 | 0.39 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.42 | 0.03 | 0.01 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 42.48 | 22.86 | 15.17 | 7.62 | 6.01 |
| Cash & bank balances | 1.40 | 0.65 | 0.22 | 0.23 | 0.49 |
| Loans & advances | 7.14 | 11.59 | 8.54 | 3.89 | 0.70 |
| Total current assets | 51.02 | 35.10 | 23.93 | 11.74 | 7.20 |
| Total current liabilities | 11.54 | 12.35 | 10.70 | 5.52 | 4.41 |
| Net working capital | 39.48 | 22.75 | 13.23 | 6.22 | 2.79 |
| Total assets | 49.71 | 27.29 | 17.72 | 8.80 | 4.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 0.65 | 0.22 | 0.23 | 0.49 | 0.87 |
| Net cash from operating activities | (13.94) | (1.64) | (1.88) | (1.43) | (0.04) |
| Net cash from investing activities | (0.75) | (0.39) | (1.88) | (1.16) | (1.22) |
| Net cash from financing activities | 15.44 | 2.46 | 3.75 | 2.32 | 0.89 |
| Net change in cash | 0.75 | 0.43 | 0.00 | (0.27) | (0.37) |
| Closing cash | 1.40 | 0.65 | 0.22 | 0.23 | 0.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +12.1% | +40.6% | +31.5% | +86.7% | - |
| EBITDA growth | -25.5% | +44.5% | +127.9% | +515.2% | - |
| PBT growth | -25.5% | +36.4% | +147.3% | +618.2% | +9997.0% |
| Net income growth | +4.2% | +35.5% | +148.6% | +608.0% | - |
| Revenue CAGR (3Y) | +27.5% | +51.1% | - | - | - |
| EBITDA CAGR (3Y) | +34.9% | +172.6% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +5.5% | +6.1% | +6.4% | +3.4% | +0.9% |
| Return on capital employed | +17.8% | +40.5% | +49.2% | +42.8% | +8.9% |
| Return on net worth | +21.9% | +62.4% | +100.8% | +143.8% | +71.4% |
| Debt / equity | 0.40 | 1.34 | 2.01 | 4.18 | 11.00 |
| Long-term debt / equity | 0.09 | 0.29 | 0.61 | 2.26 | 8.49 |
| Interest cover | 15.37 | 12.97 | 10.53 | 14.98 | 13.89 |
| Efficiency & per share | |||||
| Fixed asset turnover | 23.20 | 29.03 | 41.37 | 83.65 | 53.26 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 3.34 | 5.12 | 6.08 | 7.73 | 4.70 |
| EPS (₹) | 5.16 | 7.07 | 4,393.20 | 1,787.80 | 245.90 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 36.28 | 14.84 | 6,574.70 | 2,140.00 | 352.20 |
To see the full year-wise statements and ratios of Happy Square Outsourcing Services Limited, buy the company report.
Board of directors of Happy Square Outsourcing Services Limited
Happy Square Outsourcing Services has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanna Kumar Pavithra | Director | 13 Sep 2024 | 2 Years 1 Months | Current |
| Poonam Rajpal | Managing Director | 27 Dec 2024 | 1 Years 9 Months | Current |
| Rani Mathya | Director | 29 May 2024 | 2 Years 4 Months | Current |
| Rupali Kesharwani | Director | 29 May 2025 | 1 Years 4 Months | Current |
| Deepika Ondela | Whole-Time Director | 27 Dec 2024 | 1 Years 9 Months | Current |
| Gurpreet Kaur Dhanjal | Director | 26 Jun 2024 | 2 Years 3 Months | Current |
Peer comparison
Happy Square Outsourcing Services Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Happy Square Outsourcing Services Limitedthis company | ₹109.17 Cr (FY 2026) | ₹6.21 Cr | 5.7% | 12.1% | Jabalpur, Madhya Pradesh, India | |
| Protiviti Consulting Private Limited | ₹107.01 Cr (FY 2025) | 15.0% | Gurgaon, Haryana, India | |||
| Synergy Consulting Ifa Private Limited | ₹106.16 Cr (FY 2025) | 103.0% | New Delhi, Delhi, India | |||
| Memg International India Private Limited | ₹104.79 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India | |||
| Roedl & Partner Consulting Private Limited | ₹102.39 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India | |||
| Mace Project and Cost Management Private Limited | ₹100.2 Cr (FY 2025) | 25.0% | Gurgaon, Haryana, India | |||
| Infotel Enterprises Limited | ₹97.23 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| United Rail-Road Consultants Pvt Ltd, | ₹96.73 Cr (FY 2023) | 22.0% | Hyderabad, Telangana, India | |||
| NNM Nextgen Advisory Private Limited | ₹95.87 Cr (FY 2025) | 3131.0% | Mumbai, Maharashtra, India | |||
| Sphera India Private Limited | ₹95.8 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Reliance Velocity Limited | ₹95.4 Cr (FY 2025) | 9440.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Happy Square Outsourcing Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2025 | 101063444 | Axis Bank Limited | ₹3 Cr | Open | |
| 21 Feb 2025 | 101065725 | Axis Bank Limited | ₹2 Cr | Open | |
| 20 Nov 2022 | 100648884 | Axis Bank Limited | ₹11.7 Cr | Open | |
| 15 May 2024 | 100966105 | Others | ₹1.07 Cr | Satisfied | |
| 29 Dec 2020 | 100411962 | Others | ₹3.45 Cr | Satisfied |
To see the full charge records of Happy Square Outsourcing Services Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Happy Square Outsourcing Services Limited has 5 deals on record (4 secondary share transfers, 1 ipo); the latest was in July 2025.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Happy Square Outsourcing Services 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
Happy Square Outsourcing Services Limited has 5 court cases on record: 2 filed by Happy Square Outsourcing Services, 3 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jabalpur, Madhya Pradesh | Court case (UN CR) | Filed by the company against Loadshare Networks Private Limited | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (RCS A) | Filed against the company by Isha Protectional Security Guard Private Limited | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against The State of Madhya Pradesh | Pending |
| District court, Balaghat, Madhya Pradesh | Court case (UN CR) | Filed against the company by State Through Ministry of Labour and Employment | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Happy Square Outsourcing Services 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
No delayed payments to MSME suppliers are on our record for Happy Square Outsourcing Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Happy Square Outsourcing Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAYCS5382C1Z1 | Madhya Pradesh | Active | 06 Feb 2020 |
To see the full GST registrations and return filing status of Happy Square Outsourcing Services Limited, buy the company report.
Recent activity
Happy Square Outsourcing Services Limited has 16 board changes on record since 2020: 6 appointments and 10 cessations. The latest: Rupali Kesharwani ceased to be Additional Director on 06 Jun 2025.
16 earlier events are in the company report.
Frequently asked questions
Happy Square Outsourcing Services is an active public limited company based in Jabalpur, Madhya Pradesh, India. The company works in management consultancy, within the business services industry. It was incorporated on 20 April 2017 (9+ years old) and is registered under CIN L80904MP2017PLC043153. Listed on NSE: WHITEFORCE.
Happy Square Outsourcing Services reported revenue of ₹109.17 Cr for FY 2025-26 (up 12.1% YoY) based on standalone financials.
Happy Square Outsourcing Services has 6 current directors:
- Poonam Rajpal - Managing Director
- Deepika Ondela - Whole-Time Director
- Prasanna Kumar Pavithra - Director
- Rani Mathya - Director
- Rupali Kesharwani - Director
- Gurpreet Kaur Dhanjal - Director
The latest financial statements of Happy Square Outsourcing Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Happy Square Outsourcing Services is 23AAYCS5382C1Z1, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Happy Square Outsourcing Services is L80904MP2017PLC043153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Happy Square Outsourcing Services is a listed company as per MCA records. Its shares are listed on NSE (symbol: WHITEFORCE).
Happy Square Outsourcing Services has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Happy Square Outsourcing Services was incorporated on 20 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Gwalior.
Happy Square Outsourcing Services has 5 deals on record (4 secondary share transfers, 1 ipo); the latest was in July 2025.
The peers of Happy Square Outsourcing Services by revenue are Protiviti Consulting Private Limited, Synergy Consulting Ifa Private Limited, Memg International India Private Limited, Roedl & Partner Consulting Private Limited, Mace Project and Cost Management Private Limited and 5 more, all in the same principal business activity (management consultancy activities).