MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0031148
Megasource Services Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.56 Cr
▲ 35% YoY
Net profit · FY 2025
₹1.31 Cr
Net margin 4.2%
EBITDA · FY 2025
₹1.58 Cr
EBITDA margin 5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹6 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
726
Provident fund records
About Megasource Services Private Limited
Data last updated:
Megasource Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 27 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC118888. Its GSTIN is 29AAMCM2543H1Z8 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jagruthi Jain and Aruna Devi Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.56 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹1.31 Cr (net margin 4.2%) and EBITDA of ₹1.58 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 17% over five years.
The company has about 726 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 Cr on record.
Megasource Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0031148). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website megasource.in.
Company details
CIN U74999KA2018PTC118888
Registration Number 118888
Incorporation Date 27 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0031148
Key People
Jagruthi Jain Director Aruna Devi Jain Director Recognitions & Rankings of Megasource Services
Contact details
Megasource Services Private Limited's registered office is in Bangalore, Karnataka. Its website is megasource.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 17 3rd Floor, Lalbagh Road, Bangalore, Karnataka, India – 560027
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Megasource Services Private Limited, buy the company report.
Comprehensive company report
Megasource 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
Business activity
The main business activity of Megasource Services 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 Megasource Services Private Limited, buy the company report.
Financials of Megasource Services Private Limited
FY 2024 filings availableMegasource Services Private Limited reported revenue of ₹31.56 Cr (up 35% YoY) for FY 2025.
Revenue · FY 2025
₹31.56 Cr ▲ 35%
Net profit · FY 2025
₹1.31 Cr margin 4.2%
EBITDA · FY 2025
₹1.58 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 35%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 218%
3 years · compounded
▲ 127%
5 years · compounded
▲ 93%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 35% growth in the latest year. EBITDA rose 218% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.58 Cr | ||||
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| Net Profit (PAT) | ₹1.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 4.2% | ||||
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To see the full financial statements and ratios of Megasource Services Private Limited, buy the company report.
Board of directors of Megasource Services Private Limited
Megasource Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagruthi Jain Also directs: Jagruthi Stones LLP, Expertax Advisory Private Limited | Director | 27 Nov 2018 | 7 Years 10 Months | Current |
| Aruna Devi Jain Also directs: Vamday Solutions LLP, Stylotec LLP | Director | 27 Nov 2018 | 7 Years 10 Months | Current |
Peer comparison
Megasource Services Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| SK Outsourcing Private Limited | ₹31.98 Cr (FY 2024) | 19.0% | Navi Mumbai, Maharashtra, India | |||
| Altum Staffing and Marketing Solutions Private Limited | ₹31.85 Cr (FY 2025) | 24.0% | Allahabad, Uttar Pradesh, India | |||
| Megasource Services Private Limitedthis company | ₹31.56 Cr (FY 2025) | ₹1.31 Cr | 4.2% | 35.0% | 726 | Bangalore, Karnataka, India |
| Pramokash Outsourcing Services Private Limited | ₹31.52 Cr (FY 2025) | 24.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Megasource Services Private Limited, buy the company report.
Auditor
Megasource Services Private Limited is audited by S S J N B & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S J N B & CO | FY 2023 | 013976S |
Shareholding
The shareholding of Megasource 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Megasource Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2025 | 101133235 | Others | ₹5 Cr | Open | |
| 07 Feb 2022 | 100533533 | Axis Bank Limited | ₹1 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Megasource Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Megasource Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Megasource Services Private Limited has a workforce of 726 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
Employee count
726
Active EPFO establishments
1
Employee growth
62.78%
GST
Megasource Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCM2543H1Z8 | Karnataka | Active | 29 Dec 2018 |
| 23AAMCM2543H1ZK | Madhya Pradesh | Active | 25 Oct 2024 |
To see the full GST registrations and return filing status of Megasource Services Private Limited, buy the company report.
Recent activity
Megasource Services Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Aruna Devi Jain was appointed as Director on 27 Nov 2018.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 101133235 was registered on 25 Jun 2025.
AGM
Megasource Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Megasource Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100533533 was registered on 07 Feb 2022.
Appointed
Aruna Devi Jain was appointed as Director.
Appointed
Jagruthi Jain was appointed as Director.
Incorporation
27 Nov 2018
Megasource Services Private Limited was registered on 27 Nov 2018 with Roc Bangalore & aged 7 years 10 months as per MCA records.
Frequently asked questions
Megasource Services is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 27 November 2018 (8+ years old) and is registered under CIN U74999KA2018PTC118888.
Megasource Services has 2 current directors:
- Jagruthi Jain - Director
- Aruna Devi Jain - Director
The latest financial statements of Megasource Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Megasource Services is 29AAMCM2543H1Z8, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AAMCM2543H1ZK (Madhya Pradesh).
The CIN (Corporate Identification Number) of Megasource Services is U74999KA2018PTC118888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megasource Services was incorporated on 27 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Megasource Services by revenue are SK Outsourcing Private Limited, Altum Staffing and Marketing Solutions Private Limited, Pramokash Outsourcing Services Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Aruna Devi Jain was appointed as Director on 27 Nov 2018. Jagruthi Jain was appointed as Director on 27 Nov 2018.
Yes, Megasource Services is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0031148).
Megasource Services can be reached through the website megasource.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Megasource Services is at No 17 3rd Floor, Lalbagh Road, Bangalore, Karnataka, India – 560027.