MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0173603
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Harbinger Business Solutions (India) Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.52 Cr
▼ 34% YoY
Net profit · FY 2024
₹9.39 Lakh
Net margin 2.7%
EBITDA · FY 2024
₹25.65 Lakh
EBITDA margin 7.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.8 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
1
Provident fund records
About Harbinger Business Solutions (India) Private Limited
Data last updated:
Harbinger Business Solutions (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 04 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2013PTC068069. Its GSTIN is 29AADCH1183M1Z9 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Adwai Madhuraja Rai and Prithviraj Koragappa Shetty.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.52 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹9.39 Lakh (net margin 2.7%) and EBITDA of ₹25.65 Lakh (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 13% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.8 Cr on record.
Harbinger Business Solutions (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0173603). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hbsind.in.
Company details
CIN U74900KA2013PTC068069
Registration Number 068069
Incorporation Date 04 March 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0173603
Key People
Adwai Madhuraja Rai Director Prithviraj Koragappa Shetty Director Sandesh Balakrishna Shetty Director Recognitions & Rankings of Harbinger Business Solutions (India)
Contact details
Harbinger Business Solutions (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is hbsind.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 61 G Block 3rd Floor Manasa Prakruthi Sahakaranagar Main Road Above Indusind B, Ank, Bangalore, Karnataka, India – 560092
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Harbinger Business Solutions (India) Private Limited, buy the company report.
Comprehensive company report
Harbinger Business Solutions (India) 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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Business activity
The main business activity of Harbinger Business Solutions (India) is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Harbinger Business Solutions (India) Private Limited, buy the company report.
Financials of Harbinger Business Solutions (India) Private Limited
FY 2024 filings availableHarbinger Business Solutions (India) Private Limited reported revenue of ₹3.52 Cr (down 34% YoY) for FY 2024.
Revenue · FY 2024
₹3.52 Cr ▼ 34%
Net profit · FY 2024
₹9.39 Lakh margin 2.7%
EBITDA · FY 2024
₹25.65 Lakh margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 34%
3 years · compounded
▲ 18%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 47%
5 years · compounded
▲ 35%
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 34% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.65 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Harbinger Business Solutions (India) Private Limited, buy the company report.
Board of directors of Harbinger Business Solutions (India) Private Limited
Harbinger Business Solutions (India) has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adwai Madhuraja Rai Also directs: Rakchamps & Co. LLP | Director | 04 Mar 2013 | 13 Years 8 Months | Current |
| Prithviraj Koragappa Shetty | Director | 04 Mar 2013 | 13 Years 8 Months | Current |
| Sandesh Balakrishna Shetty | Director | 04 Mar 2013 | 13 Years 8 Months | Current |
| Raghavendra Padiyar | Additional Director | 01 Jul 2025 | 1 Years 4 Months | Current |
Auditor
Harbinger Business Solutions (India) Private Limited is audited by RAKCHAMPS & CO.LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKCHAMPS & CO.LLP | FY 2023 | 131094W/W100083 |
Shareholding
The shareholding of Harbinger Business Solutions (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harbinger Business Solutions (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.8 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2024 | 100977525 | Others | ₹1 Cr | Open | |
| 25 Sep 2023 | 100822515 | Others | ₹80 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Harbinger Business Solutions (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Harbinger Business Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Harbinger Business Solutions (India) Private Limited has a workforce of 1 employees on its EPFO records as of Apr 2025, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 1 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 |
To see the full employee and EPFO history of Harbinger Business Solutions (India) Private Limited, buy the company report.
GST
Harbinger Business Solutions (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH1183M1Z9 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harbinger Business Solutions (India) Private Limited, buy the company report.
Recent activity
Harbinger Business Solutions (India) Private Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Raghavendra Padiyar was appointed as Additional Director on 01 Jul 2025.
Appointed
Raghavendra Padiyar was appointed as Additional Director.
AGM
Harbinger Business Solutions (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100977525 was registered on 29 Aug 2024.
Filing
Harbinger Business Solutions (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 80.00 Lakh with Charge ID 100822515 was registered on 25 Sep 2023.
Ceased
Joduthara Reshma Rai ceased to be Director.
Appointed
Adwai Madhuraja Rai was appointed as Director.
Appointed
Prithviraj Koragappa Shetty was appointed as Director.
Appointed
Sandesh Balakrishna Shetty was appointed as Director.
Incorporation
04 Mar 2013
Harbinger Business Solutions (India) Private Limited was registered on 04 Mar 2013 with Roc Bangalore & aged 13 years 8 months as per MCA records.
Frequently asked questions
Harbinger Business Solutions (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 04 March 2013 (13+ years old) and is registered under CIN U74900KA2013PTC068069.
Harbinger Business Solutions (India) has 4 current directors:
- Adwai Madhuraja Rai - Director
- Prithviraj Koragappa Shetty - Director
- Sandesh Balakrishna Shetty - Director
- Raghavendra Padiyar - Additional Director
The latest financial statements of Harbinger Business Solutions (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Harbinger Business Solutions (India) is 29AADCH1183M1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Harbinger Business Solutions (India) is U74900KA2013PTC068069. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harbinger Business Solutions (India) was incorporated on 04 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Raghavendra Padiyar was appointed as Additional Director on 01 Jul 2025. Joduthara Reshma Rai ceased to be Director on 01 Apr 2019. Adwai Madhuraja Rai was appointed as Director on 04 Mar 2013. Harbinger Business Solutions (India) has 5 board changes on record in total.
Yes, Harbinger Business Solutions (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0173603).
Harbinger Business Solutions (India) can be reached through the website hbsind.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Harbinger Business Solutions (India) is at No 61 G Block 3rd Floor Manasa Prakruthi Sahakaranagar Main Road Above Indusind B, Ank, Bangalore, Karnataka, India – 560092.
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