Hicare Services Private Limited

Hicare Services Private Limited - business services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U29294MH1993PTC072222 Incorporated 31 May 1993 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company business services MSME · Medium
Data last updated
Revenue · FY 2025
₹85.56 Cr
▼ 2% YoY
Net profit · FY 2025
₹4.48 Cr
Net margin 5.2%
EBITDA · FY 2025
₹4.88 Cr
EBITDA margin 5.7%
Authorised capital
₹90 Cr
Registered with MCA
Paid-up capital
₹85.56 Cr
Issued & subscribed
Open charges
₹15 Lakh
Satisfied ₹57.23 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
1,256
Provident fund records

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 63 cases involving the company, including 36 filed by the company and 27 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. 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.

Hicare Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0006640). 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.

Company details

CIN U29294MH1993PTC072222
Registration Number 072222
Incorporation Date 31 May 1993
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company True North Trusteeship Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0006640

Name history

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 NameStatus
Hicare Services Private LimitedCurrent
Iss Hicare LimitedPrevious
Godrej Hicare LimitedPrevious
Iss Hicare Private LimitedPrevious

CIN history

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.

CINStatus
U29294MH1993PTC072222Current
U29294MH1993PLC072222Previous
Key People
David John Lewis Director Manoj Gupta Director Martin James Oxley Director

Recognitions & Rankings of Hicare Services

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0006640

Contact details

Hicare Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is hicare.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    hicare.in
  • Social Media
  • Registered Address
    Office No. 301 3rd Floor L.D. Building Mehra Industrial Estate Lbs Marg Vikhr, Oli (West), Mumbai, Maharashtra, India – 400079
  • Industry
    Business Services, Facility Management

To see the full contact details of Hicare Services Private Limited, buy the company report.

Comprehensive company report
Hicare Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Hicare Services operates one associated brand: HiCare. Each brand links to its own profile.

BrandDescriptionWebsite
HiCare
Pest control services are provided by HiCare for residential and commercial spaces.hicare.in

Business activity

The main business activity of Hicare Services is personal and household service. In detail, this covers other personal service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
SPersonal and Household serviceS4Other Personal service activities

To see the full business activity and turnover split of Hicare Services Private Limited, buy the company report.

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.

Revenue · FY 2025
₹85.56 Cr ▼ 2%
Net profit · FY 2025
₹4.48 Cr margin 5.2%
EBITDA · FY 2025
₹4.88 Cr margin 5.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 7%
5 years · compounded
▲ 6%
EBITDA CAGR growth
3 years · compounded
▲ 80%
5 years · compounded
▲ 18%

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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.7%
Net Profit Margin5.2%
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

To see the full financial statements and ratios of Hicare Services Private Limited, buy the company report.

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.

Current Directors
NameDesignationAppointment DateTenureStatus
David John Lewis
Also directs: Rentokil Initial Hygiene India Private Limited, Pci Pest Control Private Limited
Director28 Mar 20242 Years 7 MonthsCurrent
Manoj Gupta
Also directs: Corporate-Millennium Hygiene Solutions Private Limited, Rentokil Initial Hygiene India Private Limited, Pci Pest Control Private Limited
Director28 Mar 20242 Years 7 MonthsCurrent
Martin James Oxley
Also directs: Corporate-Millennium Hygiene Solutions Private Limited, Rentokil Initial Hygiene India Private Limited, Pci Pest Control Private Limited
Director28 Mar 20242 Years 7 MonthsCurrent
Andrew Mark Gillespie
Also directs: Rentokil Initial Hygiene India Private Limited, Pci Pest Control Private Limited
Director28 Mar 20242 Years 7 MonthsCurrent
View all directors

Auditor

Hicare Services Private Limited is audited by B S R &Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B S R &Associates LLPFY 2023116231W/W-100024

Shareholding

The shareholding of Hicare Services 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Hicare Services Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15 Lakh
Satisfied charges
₹57.23 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹0.15 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Mar 2025101127170Hdfc Bank Limited₹15 LakhOpen
29 Oct 2020100389507Hdfc Bank Limited₹13.8 CrSatisfied
09 Nov 2019100305752Others₹15 CrSatisfied
23 Jan 201510548303Hdfc Bank Limited₹10 CrSatisfied
30 Dec 201410543855Hdfc Bank Limited₹5.5 CrSatisfied

To see the full charge records of Hicare Services Private Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

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.

Total deals
16
Secondary share transfers
8
Rights issues
3
Funding rounds
3
Convertible or debt financing
1
Disclosed funding
₹81.86 Cr

Deals on record (5 of 16)

WhenDealAmountParties
Feb 2025Secondary share transferUndisclosedBuyer: Pci Pest Control Private Limited
Seller: Rentokil Initial Asia Pacific Management Pte Limited
Mar 2024Funding round₹36 CrInvestors: Pci Pest Control Private Limited
Mar 2024Secondary share transferUndisclosedBuyer: True North
Seller: Goodlife Investments Limited
Mar 2015Rights issue₹38.37 CrInvestors: True North, Goodlife Investments Limited
Jun 2014Secondary share transferUndisclosedBuyer: Goodlife Investments Limited
Seller: True North

To see the full deal history of Hicare Services Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

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)

SupplierAmount dueDue sinceReported on
Arbuda Agrochemicals Limited
an individual supplier
an individual supplier
Techunited Solutions Private Limited
Ram Agarwal & Associates

To see the full MSME payment records of Hicare Services Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Hicare Services Private Limited has a workforce of 1,256 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
1,256
Active EPFO establishments
1
Employee growth
3.97%

GST

Hicare Services has 29 GST registrations: 16 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
29
Active
16
Cancelled / inactive
13
GSTINStateStatusRegistered on
27AAACG0539K1ZNMaharashtraActive01 Jul 2017
03AAACG0539K1ZXPunjabActive01 Jul 2017
06AAACG0539K1ZRHaryanaActive01 Jul 2017
07AAACG0539K2ZODelhiActive01 Jul 2017

To see the full GST registrations and return filing status of Hicare Services Private Limited, buy the company report.

Recent activity

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.

AGM
Hicare Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hicare Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 101127170 was registered on 01 Mar 2025.
Ceased
Krishma Jayesh Shah ceased to be Company Secretary.
Ceased
Pinakin B Shah ceased to be CEO.
Charges
A charge registered on 29 Oct 2020 via Charge ID 100389507 with Hdfc Bank Limited was fully satisfied on 22 Apr 2024.
Charges
A charge registered on 30 Dec 2014 via Charge ID 10543855 with Hdfc Bank Limited was fully satisfied on 22 Apr 2024.
Ceased
Andrew Mark Gillespie ceased to be Additional Director.
Ceased
David John Lewis ceased to be Additional Director.
Ceased
Manoj Gupta ceased to be Additional Director.
Ceased
Martin James Oxley ceased to be Additional Director.
Appointed
Andrew Mark Gillespie was appointed as Director.

43 earlier events are in the company report.

News

Leicester-based residential care group sold
29 Sep 2020 · Eastmidlandsbusinesslink

Frequently asked questions

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 has 4 current directors:

The latest financial statements of Hicare Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

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 63 court cases on record: 36 filed by the company and 27 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.

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.

Yes, Hicare Services is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0006640).

Hicare Services has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,130 overdue payments to 57 micro and small suppliers. The latest return was filed on 22 May 2024.