About Ignites Human Capital Services Private Limited
Data last updated:
Ignites Human Capital Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the placement services segment of the professional services sector. It was incorporated on 06 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2012PTC064743. Its GSTIN is 29AACCI9812K1Z5 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Apoorva Otageri Basavaraj (Managing Director) and Savitha Bhoja.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.29 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹4.14 Lakh (net margin 3.2%) and EBITDA of ₹12.82 Lakh (EBITDA margin 10%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ignites.in.
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- Website
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- Registered Address4th Floor Axis Samriddhi Jp Nagar, 4th Phase Dollar Layout, Bangalore, Karnataka, India – 560078
- IndustryProfessional Services, Placement Services, Human Resources
- 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 Ignites Human Capital Services Private Limited
The main business activity of Ignites Human Capital 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 Ignites Human Capital Services Private Limited FY 2025 filings available
Ignites Human Capital Services Private Limited reported revenue of ₹1.29 Cr (up 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ignites Human Capital Services Private Limited
Revenue rose 51% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 148% 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 Ignites Human Capital 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 | ₹12.82 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.14 Lakh | •••• | •••• | •••• | •••• |
| 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 Ignites Human Capital Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Ignites Human Capital 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 Ignites Human Capital Services Private Limited
Ignites Human Capital Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Capital 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 |
|---|---|---|---|---|---|---|
| Midas Global Capital Services Private Limited | ₹1.46 Cr (FY 2025) | •••• | •••• | 1385.0% | •••• | New Delhi, Delhi, India |
| Magnitude Capital Services Private Limited | ₹1.42 Cr (FY 2022) | •••• | •••• | 362.0% | •••• | Secunderabad, Telangana, India |
| Gananayak Credit and Capital Services Private Limited | ₹1.36 Cr (FY 2025) | •••• | •••• | -56.0% | •••• | Mumbai, Maharashtra, India |
| Indiabulls Capital Services Limited | ₹1.3 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Robinhood Capital Services Private Limited | ₹1.29 Cr (FY 2024) | •••• | •••• | -72.0% | •••• | Mumbai, Maharashtra, India |
| Ignites Human Capital Services Private Limited this company | ₹1.29 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Bangalore, Karnataka, India |
| Deserving Capital Services Private Limited | ₹1.25 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Bhubaneswar, Odisha, India |
| Jambuwala Capital Services Private Limited | ₹1.25 Cr (FY 2018) | •••• | •••• | 27.0% | •••• | Ahmedabad, Gujarat, India |
| Dhanayush Capital Services Private Limited | ₹1.23 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Maan Capital Services Private Limited | ₹1.19 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Kolkata, West Bengal, India |
| Embarq Capital Services Private Limited | ₹1.18 Cr (FY 2024) | •••• | •••• | 195.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ignites Human Capital Services by revenue in the BFSI industry (Capital 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 Ignites Human Capital Services Private Limited
Ignites Human Capital Services Private Limited is audited by HEMANTHA KUMARA Y S for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HEMANTHA KUMARA Y S | 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 Ignites Human Capital Services Private Limited
Ignites Human Capital Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savitha Bhoja | Director | 06 Jul 2012 | 14 Years 3 Months | Current |
| Apoorva Otageri Basavaraj | Managing Director | 06 Jul 2012 | 14 Years 3 Months | Current |
Ownership and Shareholding of Ignites Human Capital 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 Ignites Human Capital Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Feb 2021 | Hdfc Bank Limited | ₹4 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Ignites Human Capital Services Private Limited
Employment history and EPFO contributions of people linked to Ignites Human Capital Services.
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.
Group Structure of Ignites Human Capital Services Private Limited
Ignites Human Capital Services has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Searchheads Hr Solution Private Limited | U74910KA2015PTC084747 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Ignites Human Capital Services Private Limited
Ignites Human Capital Services Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Mahantappa Karabasappa Otageri ceased to be Director on 01 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Ignites Human Capital 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.
MSME Payment Delays by Ignites Human Capital Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ignites Human Capital 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 Ignites Human Capital Services Private Limited
Ignites Human Capital Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI9812K1Z5 | Karnataka | 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 Ignites Human Capital 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 Ignites Human Capital Services Private Limited
Ignites Human Capital Services is an active private limited company based in Bangalore, Karnataka, India. The company works in placement services, within the professional services industry. It was incorporated on 06 July 2012 (14+ years old) and is registered under CIN U74900KA2012PTC064743.
Ignites Human Capital Services reported revenue of ₹1.29 Cr for FY 2025 (up 51% YoY).
Ignites Human Capital Services has 2 current directors:
- Apoorva Otageri Basavaraj - Managing Director
- Savitha Bhoja - Director
Ignites Human Capital Services reported a net profit of ₹4.14 Lakh (net margin 3.2%) and EBITDA of ₹12.82 Lakh (EBITDA margin 10%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ignites Human Capital Services is -4% over three years and -7% over five years. In the latest year (FY 2025) revenue rose 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ignites Human Capital Services is 29AACCI9812K1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Ignites Human Capital Services is U74900KA2012PTC064743. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ignites Human Capital Services was incorporated on 06 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ignites Human Capital Services by revenue are Midas Global Capital Services Private Limited, Magnitude Capital Services Private Limited, Gananayak Credit and Capital Services Private Limited, Indiabulls Capital Services Limited, Robinhood Capital Services Private Limited and 5 more, all in the BFSI industry (Capital Services).
Mahantappa Karabasappa Otageri ceased to be Director on 01 Sep 2018. Apoorva Otageri Basavaraj was appointed as Managing Director on 06 Jul 2012. Savitha Bhoja was appointed as Director on 06 Jul 2012.
Ignites Human Capital Services can be reached through the website ignites.in. Its registered office is in Bangalore, Karnataka, India.