About Hicare Services Private Limited
Data last updated:
Hicare Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of True North Trusteeship Private Limited. It operates in the facility management segment of the business services sector. It was incorporated on 31 May 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29294MH1993PTC072222. Its GSTIN is 27AAACG0539K1ZN (Maharashtra). The company holds 29 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹85.56 Cr. It was formerly known as Iss Hicare Limited and Godrej Hicare Limited. It is led by directors including David John Lewis and Manoj Gupta.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹85.56 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.48 Cr (net margin 5.2%) and EBITDA of ₹4.88 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
The company has about 1,256 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HiCare. As per MCA filings, the company has open charges of ₹15 Lakh and satisfied charges of ₹57.23 Cr on record. Court records list 62 cases involving the company, including 36 filed by the company and 25 filed against it; 7 cases are pending. The company has 16 deals on record (8 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹81.86 Cr; the latest was in February 2025. Its 10 peer companies in the Business Services industry (Facility Management Services) are compared by revenue, 5 larger and 5 smaller; the largest is P P Buildwell Private Limited with revenue of ₹87.25 Cr. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,130 overdue payments to 57 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 hicare.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 301 3rd Floor L.D. Building Mehra Industrial Estate Lbs Marg Vikhr, Oli (West), Mumbai, Maharashtra, India – 400079
- IndustryBusiness Services, Facility Management
- 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 Hicare Services Private Limited
The main business activity of Hicare Services is personal and household service. In detail, this covers other personal service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| S | Personal and Household service | S4 | Other Personal service 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 Hicare Services Private Limited FY 2025 filings available
Hicare Services Private Limited reported revenue of ₹85.56 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hicare Services Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. 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 Hicare 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 | ₹4.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.48 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 Hicare Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 Hicare 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 Hicare Services Private Limited
Hicare Services Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Facility Management Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P P Buildwell Private Limited | ₹87.25 Cr (FY 2025) | •••• | •••• | 151.0% | •••• | Delhi, India |
| Lynx Security Services Private Limited | ₹87.2 Cr (FY 2025) | •••• | •••• | 117.0% | •••• | Chandigarh, India |
| Five Force Security Solutions Private Limited | ₹86.23 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Chandigarh, India |
| Euro Smile Facility Management Services Private Limited | ₹86.02 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Delhi, India |
| Starcrest Services Private Limited | ₹85.77 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Gurgaon, Haryana, India |
| Hicare Services Private Limited this company | ₹85.56 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Aqua Facility Services Private Limited | ₹84.85 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Ahmedabad, Gujarat, India |
| Karnataka Commercial and Industrial Corporation Private Limited | ₹84.52 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Pluto Solista Business Parks Private Limited | ₹84.07 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Bangalore, Karnataka, India |
| Pro-Interactive Services (India) Private Limited. | ₹83.78 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| KVR Best Property Management Private Limited | ₹83.26 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Hicare Services by revenue in the Business Services industry (Facility Management Services), 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 Hicare Services Private Limited
Hicare Services Private Limited is audited by B S R &Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R &Associates 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 Hicare Services Private Limited
Hicare Services has 4 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| David John Lewis | Director | 28 Mar 2024 | 2 Years 6 Months | Current |
| Manoj Gupta | Director | 28 Mar 2024 | 2 Years 6 Months | Current |
| Martin James Oxley | Director | 28 Mar 2024 | 2 Years 6 Months | Current |
| Andrew Mark Gillespie | Director | 28 Mar 2024 | 2 Years 6 Months | Current |
Ownership and Shareholding of Hicare 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 Hicare Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Mar 2025 | Hdfc Bank Limited | ₹15 Lakh | Open |
| 29 Oct 2020 | Hdfc Bank Limited | ₹13.8 Cr | Satisfied |
| 09 Nov 2019 | Others | ₹15 Cr | Satisfied |
| 23 Jan 2015 | Hdfc Bank Limited | ₹10 Cr | Satisfied |
| 30 Dec 2014 | Hdfc Bank Limited | ₹5.5 Cr | Satisfied |
Total charge records: 11 View all charges
Deals & Funding of Hicare Services Private Limited
Hicare Services Private Limited has 16 deals on record (8 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹81.86 Cr; the latest was in February 2025.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Secondary share transfer | Undisclosed | Buyer: Pci Pest Control Private Limited Seller: Rentokil Initial Asia Pacific Management Pte Limited |
| Mar 2024 | Funding round | ₹36 Cr | Investors: Pci Pest Control Private Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: True North Seller: Goodlife Investments Limited |
| Mar 2015 | Rights issue | ₹38.37 Cr | Investors: True North, Goodlife Investments Limited |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Goodlife Investments Limited Seller: True North |
Full deal history
All 16 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 Hicare Services Private Limited
Hicare Services Private Limited has 62 court cases on record: 36 filed by Hicare Services, 25 filed against it, 1 where it is another party. 7 cases are pending and 55 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 20 | 2 |
| High courts | 26 | 5 | 5 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed by the company against Golden Hicare Pest Management Private Limited | Pending |
| Bombay High Court | Court case (COMIP) | Filed by the company against Golden Hicare Pest Management Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Hygeia Pest Management Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Hygeia Pest Management Private Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Hygeia Pest Management Private Limited | Disposed |
Full case history
All 62 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 Hicare Services Private Limited
Hicare Services Private Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,130 overdue payments to 57 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 57)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arbuda Agrochemicals Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Techunited Solutions Private Limited | •••• | •••• | •••• |
| Ram Agarwal & Associates | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 19 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.
Employees and EPFO Compliance at Hicare Services Private Limited
Hicare Services Private Limited has a workforce of 1,256 employees as of Apr 06, 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 Hicare Services Private Limited
Hicare Services has undergone 3 name changes throughout its history. The company was previously known as Iss Hicare Limited, Godrej Hicare Limited, and Iss Hicare Private Limited. The current legal name is Hicare Services Private Limited.
| Company Name | Status |
|---|---|
| Hicare Services Private Limited | Current |
| Iss Hicare Limited | Previous |
| Godrej Hicare Limited | Previous |
| Iss Hicare Private Limited | Previous |
CIN History of Hicare Services Private Limited
Hicare Services has one previous CIN (Corporate Identification Number): U29294MH1993PLC072222. The current CIN is U29294MH1993PTC072222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29294MH1993PTC072222 | Current |
| U29294MH1993PLC072222 | Previous |
News related to Hicare Services Private Limited
Recent Activity on Hicare Services Private Limited
Hicare Services Private Limited has 27 board changes on record since 2009: 4 appointments and 23 cessations. The latest: Krishma Jayesh Shah ceased to be Company Secretary on 28 Feb 2025.
43 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hicare 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.
Subsidiaries & Group Companies of Hicare 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 Hicare Services Private Limited
Hicare Services has 29 GST registrations: 16 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG0539K1ZN | Maharashtra | Active | 01 Jul 2017 |
| 03AAACG0539K1ZX | Punjab | Active | 01 Jul 2017 |
| 06AAACG0539K1ZR | Haryana | Active | 01 Jul 2017 |
| 07AAACG0539K2ZO | Delhi | 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 Hicare 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 Hicare Services Private Limited
Hicare Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in facility management, within the business services industry. It was incorporated on 31 May 1993 (33+ years old) and is registered under CIN U29294MH1993PTC072222.
Hicare Services reported revenue of ₹85.56 Cr for FY 2025 (down 2% YoY).
Hicare Services has 4 current directors:
- David John Lewis - Director
- Manoj Gupta - Director
- Martin James Oxley - Director
- Andrew Mark Gillespie - Director
Hicare Services reported a net profit of ₹4.48 Cr (net margin 5.2%) and EBITDA of ₹4.88 Cr (EBITDA margin 5.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hicare Services is 7% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hicare Services is 27AAACG0539K1ZN, registered in Maharashtra. The company has 29 GST registrations in all, of which 16 are active and 13 are cancelled or inactive. Other active GSTINs include 03AAACG0539K1ZX (Punjab), 06AAACG0539K1ZR (Haryana), 07AAACG0539K2ZO (Delhi).
The CIN (Corporate Identification Number) of Hicare Services is U29294MH1993PTC072222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hicare Services has 62 court cases on record: 36 filed by the company and 25 filed against it. 7 are pending. Most are in the district courts.
Hicare Services was incorporated on 31 May 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Hicare Services has 16 deals on record (8 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹81.86 Cr; the latest was in February 2025.
The peers of Hicare Services by revenue are P P Buildwell Private Limited, Lynx Security Services Private Limited, Five Force Security Solutions Private Limited, Euro Smile Facility Management Services Private Limited, Starcrest Services Private Limited and 5 more, all in the Business Services industry (Facility Management Services).
Krishma Jayesh Shah ceased to be Company Secretary on 28 Feb 2025. Pinakin B Shah ceased to be CEO on 31 Aug 2024. Andrew Mark Gillespie ceased to be Additional Director on 08 Apr 2024. Hicare Services has 27 board changes on record in total.