About Hays Business Solutions Private Limited
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Hays Business Solutions Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Hays International Holdings Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2009PTC038855. Its GSTIN is 06AACCH1976M1Z9 (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹52.5 Lakh and a paid-up capital of ₹52.38 Lakh. It was formerly known as Hays Shared Operational Services Private Limited. It is led by directors including James Yann Musgrave and Sanjeev Kumar.
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 Buildings 9B 11th Floor DLF Cyber City, Gurgaon, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹122.76 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹14.99 Cr (net margin 12.2%) and EBITDA of ₹21.42 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company has about 847 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Hays Business Solutions and Hays. As per MCA filings, the company has satisfied charges of ₹2 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹51.4 Lakh; the latest was in October 2009. Its 10 peer companies in the Outsourcing industry (Diversified BPO) are compared by revenue, 5 larger and 5 smaller; the largest is Gebbs Technologies Limited with revenue of ₹125.87 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 33 overdue payments to 16 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hbs.hays.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBuildings 9B 11th Floor DLF Cyber City, Gurgaon, Haryana, India – 122002
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Hays Business Solutions Private Limited
The main business activity of Hays Business Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Hays Business Solutions Private Limited FY 2025 filings available
Hays Business Solutions Private Limited reported revenue of ₹122.76 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hays Business Solutions Private Limited
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 14% 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 Hays Business Solutions 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 | ₹21.42 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.99 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 of Hays Business Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.2% | •••• | •••• | •••• | •••• |
| 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 Hays Business Solutions 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 Hays Business Solutions Private Limited
Hays Business Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gebbs Technologies Limited | ₹125.87 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Foundever Business Services of India Private Limited | ₹125.67 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Bangalore, Karnataka, India |
| Navitas Life Sciences Private Limited | ₹125.66 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Iris KPO Resourcing (India) Private Limited | ₹124.53 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Chennai, Tamil Nadu, India |
| Centillion Solutions and Services Private Limited | ₹124.12 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Bangalore, Karnataka, India |
| Hays Business Solutions Private Limited this company | ₹122.76 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Gurgaon, Haryana, India |
| Technotask Business Solutions Private Limited | ₹121.06 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Bhopal, Madhya Pradesh, India |
| Mizuho Global Services India Private Limited | ₹120.08 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Navi Mumbai, Maharashtra, India |
| Bandhan Technologies Private Limited | ₹120.06 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Hanu Software Solutions (India) Private Limited | ₹119.35 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Dhanus Technologies Limited | ₹119.3 Cr (FY 2010) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Hays Business Solutions by revenue in the Outsourcing industry (Diversified BPO), 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 Hays Business Solutions Private Limited
Hays Business Solutions Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | 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 Hays Business Solutions Private Limited
Hays Business Solutions has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Yann Musgrave | Director | 26 Sep 2023 | 3 Years 0 Months | Current |
| Sanjeev Kumar | Director | 22 Sep 2022 | 4 Years 0 Months | Current |
| Bhavna Dahiya Sharma Also directs: Hays Specialist Recruitment Private Limited | Director | 01 Mar 2017 | 9 Years 7 Months | Current |
| John Ronald Harrington | Director | 15 Mar 2012 | 14 Years 6 Months | Current |
Ownership and Shareholding of Hays Business Solutions 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 Hays Business Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2015 | Citi Bank N.A. | ₹2 Lakh | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Hays Business Solutions Private Limited
Hays Business Solutions Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹51.4 Lakh; the latest was in October 2009.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2009 | Funding round | ₹51.4 Lakh | Investors: Hays International Holdings Limited |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: Hays Nominees Limited, Hays International Holdings Limited Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hays Business Solutions Private Limited
Hays Business Solutions Private Limited has 3 court cases on record: 2 filed by Hays Business Solutions, 1 where it is another party. 2 cases are pending and 1 is disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Civil suit | Company is another party | Pending |
| High Court of Punjab and Haryana | Tax appeal | Filed by the company against Deputy Commissioner of Income Tax, Circle-2 Gurgaon | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India | 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.
MSME Payment Delays by Hays Business Solutions Private Limited
Hays Business Solutions Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 33 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| K D Ventures | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Xpert Conexions | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Hays Business Solutions Private Limited
Hays Business Solutions operates two associated brands: Hays Business Solutions and Hays. Each brand links to its own profile.
Employees and EPFO Compliance at Hays Business Solutions Private Limited
Hays Business Solutions Private Limited has a workforce of 847 employees as of Apr 01, 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.
News related to Hays Business Solutions Private Limited
Recent Activity on Hays Business Solutions Private Limited
Hays Business Solutions Private Limited has 18 board changes on record since 2009: 4 appointments and 14 cessations. The latest: James Yann Musgrave ceased to be Additional Director on 28 Sep 2023.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hays Business Solutions 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.
Subsidiaries & Group Companies of Hays Business Solutions 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 Hays Business Solutions Private Limited
Hays Business Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCH1976M1Z9 | Haryana | Active | 01 Jul 2017 |
| 09AACCH1976M1Z3 | Uttar Pradesh | 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 Hays Business Solutions 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 Hays Business Solutions Private Limited
Hays Business Solutions is an active private limited company based in Gurgaon, Haryana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 March 2009 (17+ years old) and is registered under CIN U74999HR2009PTC038855.
Hays Business Solutions reported revenue of ₹122.76 Cr for FY 2025 (down 12% YoY).
Hays Business Solutions has 4 current directors:
- James Yann Musgrave - Director
- Sanjeev Kumar - Director
- Bhavna Dahiya Sharma - Director
- John Ronald Harrington - Director
Hays Business Solutions reported a net profit of ₹14.99 Cr (net margin 12.2%) and EBITDA of ₹21.42 Cr (EBITDA margin 17.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hays Business Solutions is 15% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hays Business Solutions is 06AACCH1976M1Z9, registered in Haryana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AACCH1976M1Z3 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Hays Business Solutions is U74999HR2009PTC038855. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hays Business Solutions has 3 court cases on record: 2 filed by the company. 2 are pending. Most are in the high courts.
Hays Business Solutions was incorporated on 05 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Hays Business Solutions has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹51.4 Lakh; the latest was in October 2009.
The peers of Hays Business Solutions by revenue are Gebbs Technologies Limited, Foundever Business Services of India Private Limited, Navitas Life Sciences Private Limited, Iris KPO Resourcing (India) Private Limited, Centillion Solutions and Services Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
James Yann Musgrave ceased to be Additional Director on 28 Sep 2023. James Yann Musgrave was appointed as Director on 26 Sep 2023. Sanjeev Kumar ceased to be Additional Director on 30 Sep 2022. Hays Business Solutions has 18 board changes on record in total.