About Checkmate Services Private Limited
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Checkmate Services Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the security and surveillance segment of the business services sector. It was incorporated on 30 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ1992PTC017920.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Vikram Pratapsingh Mahurkar (Managing Director) and Sharmila Vikram Mahurkar.
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 Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹759.6 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹7.62 Cr (net margin 1%) and EBITDA of ₹49.83 Cr (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 7% over five years.
The company has about 43,012 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹601.05 Cr and satisfied charges of ₹216.56 Cr on record. Court records list 528 cases involving the company, including 139 filed by the company and 389 filed against it; 144 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2017. Its 5 peer companies in the Business Services industry (Security Services), with the same principal business activity (security and investigation activities) are compared by revenue, 2 larger and 3 smaller; the largest is Modern Veer Rays Security Force (India) Pvt Ltd with revenue of ₹1,151.65 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website checkmateservices.com.
Company details
Contact details
Checkmate Services Private Limited's registered office is in Vadodara, Gujarat. Its website is checkmateservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock No. 1 Office No. 1115 To 1120 11 Floor 73 Eastavenue, Sarabhai Campus Nr. Genda Circle Vadiwala, Vadodara, Gujarat, India – 390023
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Checkmate Services 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 Checkmate Services is support service to organizations. In detail, this covers security and investigation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N4 | Security and investigation activities |
To see the full business activity and turnover split of Checkmate Services Private Limited, buy the company report.
Financials of Checkmate Services Private Limited
FY 2025 filings availableCheckmate Services Private Limited reported revenue of ₹759.6 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 1% growth in the latest year. EBITDA rose 21% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹759.6 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹49.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.62 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Checkmate Services Private Limited, buy the company report.
Board of directors of Checkmate Services Private Limited
Checkmate Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Pratapsingh Mahurkar | Managing Director | 30 Jun 1992 | 34 Years 3 Months | Current |
| Sharmila Vikram Mahurkar | Director | 30 Jun 1992 | 34 Years 3 Months | Current |
| Hiren Dilipkumar Bhatt | Director | 04 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Checkmate Services Private Limited is compared with the 5 companies closest to it by revenue in the Business Services industry (Security Services), with the same principal business activity (security and investigation activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modern Veer Rays Security Force (India) Pvt Ltd | ₹1,151.65 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Bombay Integrated Security (India) Limited | ₹1,096.24 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Innovision Limited | ₹895.95 Cr (FY 2025) | 75.0% | Delhi, India | |||
| Checkmate Services Private Limitedthis company | ₹759.6 Cr (FY 2025) | ₹7.62 Cr | 1% | 1.0% | 43,012 | Vadodara, Gujarat, India |
| Kapston Services Limited | ₹690.23 Cr (FY 2025) | 32.0% | Hyderabad, Telangana, India | |||
| Terrier Security Services (India) Private Limited | ₹623.58 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Checkmate Services Private Limited, buy the company report.
Auditor
Checkmate Services Private Limited is audited by S. K. THAKKAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. THAKKAR & ASSOCIATES | FY 2023 | 138021W |
Shareholding
The shareholding of Checkmate 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 Checkmate Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2026 | 101360657 | Idbi Bank Limited | ₹4.8 Cr | Open | |
| 13 Jan 2026 | 101236597 | Others | ₹2.09 Cr | Open | |
| 29 Oct 2025 | 101183973 | Others | ₹6.5 Lakh | Open | |
| 09 Oct 2025 | 101183792 | Others | ₹89,000 | Open | |
| 08 Oct 2025 | 101175354 | Others | ₹2.99 Cr | Open |
To see the full charge records of Checkmate Services Private Limited, buy the company report.
Total charge records: 222 View all charges
Deals & funding
Checkmate Services Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | 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
Checkmate Services Private Limited has 528 court cases on record: 139 filed by Checkmate Services, 389 filed against it. 144 cases are pending and 384 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 417 | 344 | 113 |
| High courts | 106 | 43 | 30 |
| Supreme Court | 4 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 528)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solan, Himachal Pradesh | Civil suit | Filed by the company against M/S Worldwide Autocraft Pvt Ltd | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Eden Critical Care Hospital Pvt Ltd | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Axis Bank Ltd and 4 others | Disposed |
| High Court | Writ petition | Filed by the company against Indusind Bank Ltd and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Pending |
To see the full case history of Checkmate Services 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
Checkmate Services Private Limited was last rated by Care on 28 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Sep 2022 |
To see the full credit ratings and regulatory alerts of Checkmate Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Checkmate Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Checkmate Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Checkmate Facility and Electronic Solutions Private Limited | U74920GJ2005PTC045497 |
To see the full group structure of Checkmate Services Private Limited, buy the company report.
Employees & EPFO
Checkmate Services Private Limited has a workforce of 43,012 employees on its EPFO records as of Apr 08, 2024, across 29 active EPFO establishments.
GST
No GST registration is on our record for Checkmate Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Checkmate Services Private Limited has 3 board changes on record since 1992: 3 appointments. The latest: Hiren Dilipkumar Bhatt was appointed as Director on 04 Nov 2022.
361 earlier events are in the company report.
Frequently asked questions
Checkmate Services is an active private limited company based in Vadodara, Gujarat, India. The company works in security and surveillance, within the business services industry. It was incorporated on 30 June 1992 (34+ years old) and is registered under CIN U74999GJ1992PTC017920.
Checkmate Services has 3 current directors:
- Vikram Pratapsingh Mahurkar - Managing Director
- Sharmila Vikram Mahurkar - Director
- Hiren Dilipkumar Bhatt - Director
The latest financial statements of Checkmate 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 CIN (Corporate Identification Number) of Checkmate Services is U74999GJ1992PTC017920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Checkmate Services has 528 court cases on record: 139 filed by the company and 389 filed against it. 144 are pending. Most are in the district courts.
Checkmate Services was incorporated on 30 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Checkmate Services has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
The peers of Checkmate Services by revenue are Modern Veer Rays Security Force (India) Pvt Ltd, Bombay Integrated Security (India) Limited, Innovision Limited, Kapston Services Limited, Terrier Security Services (India) Private Limited, all in the Business Services industry (Security Services), with the same principal business activity (security and investigation activities).
Hiren Dilipkumar Bhatt was appointed as Director on 04 Nov 2022. Sharmila Vikram Mahurkar was appointed as Director on 30 Jun 1992. Vikram Pratapsingh Mahurkar was appointed as Managing Director on 30 Jun 1992.
Checkmate Services can be reached through the website checkmateservices.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Checkmate Services is at Block No. 1 Office No. 1115 To 1120 11 Floor 73 Eastavenue, Sarabhai Campus Nr. Genda Circle Vadiwala, Vadodara, Gujarat, India – 390023.