Master Staffing Solutions Private Limited
About Master Staffing Solutions Private Limited
Data last updated:
Master Staffing Solutions Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Quess Corp Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 13 November 2009.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2009PTC051492. The company has 7 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.01 Cr. It was led by directors including Chidambaram Anand Sundar Raj and Srinivasan Guruprasad.
Its last annual general meeting (AGM) was held on 19 July 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at B1 Tower 3rd Floor Golden Enclave Old Airport Road, Bangalore, Karnataka, India – 560017.
As per the financials filed for FY 2019, the company reported a revenue of ₹157.45 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.18 Cr (net margin 1.4%) and EBITDA of ₹3.27 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company had satisfied charges of ₹17 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in December 2017.
Company details
Contact details
Master Staffing Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressB1 Tower 3rd Floor Golden Enclave Old Airport Road, Bangalore, Karnataka, India – 560017
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Master Staffing Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Master Staffing Solutions is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Master Staffing Solutions Private Limited, buy the company report.
Financials of Master Staffing Solutions Private Limited
FY 2019 filings availableMaster Staffing Solutions Private Limited reported revenue of ₹157.45 Cr (down 8% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 33% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹157.45 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| EBITDA | ₹3.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.18 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Master Staffing Solutions Private Limited, buy the company report.
Board of directors of Master Staffing Solutions Private Limited
Master Staffing Solutions has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chidambaram Anand Sundar Raj | Director | 04 Jan 2018 | 8 Years 9 Months | As last reported |
| Srinivasan Guruprasad | Director | 04 Jan 2018 | 8 Years 9 Months | As last reported |
| Venkatesh Murthy Balagere Puttappa | Person Incharge | 11 Mar 2014 | 12 Years 7 Months | As last reported |
Auditor
Master Staffing Solutions Private Limited is audited by SRIRAMULU NAIDU & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIRAMULU NAIDU & CO | FY 2019 | 008975S |
Shareholding
The shareholding of Master Staffing Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Master Staffing Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2016 | 100021557 | Others | ₹10 Cr | Satisfied | |
| 21 Sep 2012 | 10386145 | Yes Bank Limited | ₹5 Cr | Satisfied | |
| 29 Mar 2011 | 10281577 | Dhanlaxmi Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Master Staffing Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Master Staffing Solutions Private Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in December 2017.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Acquisition | Undisclosed | Buyer: Quess Corp Limited Seller: Manipal Education And Medical Group India Private Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Manipal Education and Medical Group India Private Limited, an individual Seller: 2 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Master Staffing Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Court case (Labour / Industrial Main Case) | Filed against the company by an individual | Disposed |
To see the full case history of Master Staffing Solutions 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
Master Staffing Solutions Private Limited was last rated by Icra on 14 May 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 May 2019 |
To see the full credit ratings and regulatory alerts of Master Staffing Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Master Staffing Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Master Staffing Solutions has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Master Staffing Solutions Private Limited, buy the company report.
Recent activity
Master Staffing Solutions Private Limited has 15 board changes on record since 2012: 3 appointments and 12 cessations. The latest: Chidambaram Anand Sundar Raj ceased to be Additional Director on 06 Aug 2018.
12 earlier events are in the company report.
Frequently asked questions
Master Staffing Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Master Staffing Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 13 November 2009 and is registered under CIN U93000KA2009PTC051492. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Master Staffing Solutions was incorporated on 13 November 2009. It is registered with the Registrar of Companies, Bangalore.
Master Staffing Solutions had 3 directors:
- Chidambaram Anand Sundar Raj - Director
- Srinivasan Guruprasad - Director
- Venkatesh Murthy Balagere Puttappa - Person Incharge
The CIN (Corporate Identification Number) of Master Staffing Solutions is U93000KA2009PTC051492. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Master Staffing Solutions is at B1 Tower 3rd Floor Golden Enclave Old Airport Road, Bangalore, Karnataka, India – 560017.
The latest financial statements of Master Staffing Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 19 July 2019. Year-wise statements from 2015 are in the company report.
No. Master Staffing Solutions has 7 GST registrations on record and all of them are cancelled or inactive.
Master Staffing Solutions operated in the business outsourcing industry, in the HR outsourcing and talent management segment.
Master Staffing Solutions has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in December 2017.