MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2020-21)
- Udyam number
- UDYAM-TS-02-0000699
Karvy Forde Search Private Limited - business outsourcing in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹107.33 Cr
▼ 13% YoY
Net profit · FY 2020
₹2.34 Cr
Net margin 2.2%
EBITDA · FY 2020
₹6.39 Cr
EBITDA margin 6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.03 Cr
Issued & subscribed
Open charges
₹15 Cr
Secured borrowings
Company age
25 yrs
Est. 2001
Employees · EPFO
2
Provident fund records
About Karvy Forde Search Private Limited
Data last updated:
Karvy Forde Search Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Data Management Services Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 17 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74140TG2001PTC036741. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.03 Cr. It was formerly known as Forde Search India Private Limited and Forde Search (I) Private Limited. It is led by director Bharat Naidu Bobbili.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Karvy Gateway Plot No. 38 & 39 Financial District Nanakramguda, Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2020, the company reported a revenue of ₹107.33 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.34 Cr (net margin 2.2%) and EBITDA of ₹6.39 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 45% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Karvy Forde Search and Karvy. As per MCA filings, the company has open charges of ₹15 Cr on record. Court records list 7 cases involving the company, including 7 filed against it. The company has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2019. Its 4 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 2 larger and 2 smaller; the largest is Abc Consultants Pvt Ltd with revenue of ₹108.63 Cr.
Karvy Forde Search Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0000699). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fordeindia.com.
Company details
CIN U74140TG2001PTC036741
Registration Number 036741
Incorporation Date 17 May 2001
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2020
Date of Balance Sheet 31 March 2020
Parent Company Karvy Data Management Services Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0000699
Name history
Karvy Forde Search has undergone 2 name changes throughout its history. The company was previously known as Forde Search India Private Limited, and Forde Search (I) Private Limited. The current legal name is Karvy Forde Search Private Limited.
| Company Name | Status |
|---|---|
| Karvy Forde Search Private Limited | Current |
| Forde Search India Private Limited | Previous |
| Forde Search (I) Private Limited | Previous |
CIN history
Karvy Forde Search has one previous CIN (Corporate Identification Number): U74140AP2001PTC036741. The current CIN is U74140TG2001PTC036741, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140TG2001PTC036741 | Current |
| U74140AP2001PTC036741 | Previous |
Key People
Bharat Naidu Bobbili Director Recognitions & Rankings of Karvy Forde Search
Contact details
Karvy Forde Search Private Limited's registered office is in Hyderabad, Telangana. Its website is fordeindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKarvy Gateway Plot No. 38 & 39 Financial District Nanakramguda, Hyderabad, Telangana, India – 500032
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Karvy Forde Search Private Limited, buy the company report.
Comprehensive company report
Karvy Forde Search 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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Brands
Karvy Forde Search operates two associated brands: Karvy Forde Search and Karvy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides HR consulting services for policy design, compliance, and talent management. | karvyforde.com | |
| Financial services and wealth management are provided by Karvy. | karvy.com |
Business activity
The main business activity of Karvy Forde Search is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Karvy Forde Search Private Limited, buy the company report.
Financials of Karvy Forde Search Private Limited
FY 2020 filings availableKarvy Forde Search Private Limited reported revenue of ₹107.33 Cr (down 13% YoY) for FY 2020.
Revenue · FY 2020
₹107.33 Cr ▼ 13%
Net profit · FY 2020
₹2.34 Cr margin 2.2%
EBITDA · FY 2020
₹6.39 Cr margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 11%
5 years · compounded
▲ 45%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 39%
5 years · compounded
▲ 75%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 45%. EBITDA fell 1% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹107.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.34 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 Karvy Forde Search Private Limited, buy the company report.
Board of directors of Karvy Forde Search Private Limited
Karvy Forde Search has 1 current director and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Naidu Bobbili Also directs: Karvy Realty & Services Limited, Karvy Forex & Currencies Private Limited, Compar Estates and Agencies Private Limited and 5 more | Director | 29 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
Karvy Forde Search Private Limited is compared with the 4 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abc Consultants Pvt Ltd | ₹108.63 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Samanta Security & Intelligence Services Private Limited | ₹107.78 Cr (FY 2025) | 51.0% | Patna, Bihar, India | |||
| Karvy Forde Search Private Limitedthis company | ₹107.33 Cr (FY 2020) | ₹2.34 Cr | 2.2% | -13.0% | 2 | Hyderabad, Telangana, India |
| Collabera Talent Solutions Private Limited | ₹106.38 Cr (FY 2025) | 92.0% | Vadodara, Gujarat, India | |||
| Thrivera Staffing Services Private Limited | ₹106.08 Cr (FY 2025) | 41.0% | New Delhi, Delhi, India |
To see the full peer comparison of Karvy Forde Search Private Limited, buy the company report.
Auditor
Karvy Forde Search Private Limited is audited by LALITH PRASAD AND CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALITH PRASAD AND CO | FY 2020 | 008089S |
Shareholding
The shareholding of Karvy Forde Search Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karvy Forde Search Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2018 | 100215503 | Axis Bank Limited | ₹15 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Karvy Forde Search Private Limited has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2019.
Total deals
5
Secondary share transfers
4
Rights issue
1
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Rights issue | ₹4.52 Cr | Investors: Karvy Data Management Services Limited |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: C Parthasarathy Huf Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: C Parthasarathy Huf Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karvy Forde Search Private Limited has 7 court cases on record: 7 filed against it. All cases are disposed.
Total cases
7
Filed against the company
7
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 5 | 0 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Axis Bank Limited | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Axis Bank Limited | Disposed |
| NCLAT, Court III | Tribunal matter | Filed against the company by Himanshu Meena Promoter/Suspended Board of Directors Dropbase Software Private Ltd | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Axis Bank Limited | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by TCNS Clothing Co.Ltd | Disposed |
To see the full case history of Karvy Forde Search Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Karvy Forde Search Private Limited was last rated by Crisil on 28 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Jun 2021 |
To see the full credit ratings and regulatory alerts of Karvy Forde Search Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karvy Forde Search Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karvy Forde Search Private Limited has a workforce of 2 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2 |
| FY 2025-26 | |
| FY 2023-24 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 |
To see the full employee and EPFO history of Karvy Forde Search Private Limited, buy the company report.
GST
Karvy Forde Search has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
To see the full GST registrations and return filing status of Karvy Forde Search Private Limited, buy the company report.
Recent activity
Karvy Forde Search Private Limited has 27 board changes on record since 2001: 14 appointments and 13 cessations. The latest: Phanindra Kumar Alapati ceased to be Director on 12 Sep 2023.
Ceased
Phanindra Kumar Alapati ceased to be Director.
Ceased
Murali Krishna Chakka ceased to be Director.
Ceased
Adhiraj Parthasarathy ceased to be Director.
AGM
Karvy Forde Search Private Limited last Annual general meeting of members was held on 30 Dec 2020 as per latest MCA records.
Ceased
Tushar Kant Ojha ceased to be Director.
Appointed
Murali Krishna Chakka was appointed as Director.
Appointed
Phanindra Kumar Alapati was appointed as Director.
Ceased
Pandaiah Kakkireni ceased to be Director.
Filing
Karvy Forde Search Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Hyderabad.
Ceased
Gautam Vedprakash Vohra ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100215503 was registered on 29 Oct 2018.
Ceased
Sunil Unny Guptan ceased to be Director.
19 earlier events are in the company report.
News
Frequently asked questions
Karvy Forde Search is an active private limited company based in Hyderabad, Telangana, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 17 May 2001 (25+ years old) and is registered under CIN U74140TG2001PTC036741.
Karvy Forde Search has 1 current director:
- Bharat Naidu Bobbili - Director
The latest financial statements of Karvy Forde Search on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
No. Karvy Forde Search has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Karvy Forde Search is U74140TG2001PTC036741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Forde Search has 7 court cases on record: 7 filed against it. Most are in the nclat.
Karvy Forde Search was incorporated on 17 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Hyderabad.
Karvy Forde Search has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2019.
The peers of Karvy Forde Search by revenue are Abc Consultants Pvt Ltd, Samanta Security & Intelligence Services Private Limited, Collabera Talent Solutions Private Limited, Thrivera Staffing Services Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Phanindra Kumar Alapati ceased to be Director on 12 Sep 2023. Murali Krishna Chakka ceased to be Director on 01 Jun 2022. Adhiraj Parthasarathy ceased to be Director on 28 Jan 2021. Karvy Forde Search has 27 board changes on record in total.
Yes, Karvy Forde Search is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0000699).
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