About Concentrix Services India Private Limited
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Concentrix Services India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Concentrix Daksh Services India Private Limited. It operates in the business process outsourcing sector. It was incorporated on 09 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U99999KA1995PTC052040. Its GSTIN is 29AAACT1567A2ZK (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹2.69 Cr. It was formerly known as Minacs Private Limited and Teritex Holding Pvt Ltd. It is led by directors including Abhishek Vidyarthi (Whole-Time Director) and Jane Catherine Fogarty.
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 3rd Floor Millennium Towers Itpl Road Brookefields, Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2024, the company reported a revenue of ₹774.64 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹51.12 Cr (net margin 6.6%) and EBITDA of ₹146.66 Cr (EBITDA margin 18.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 12% over five years.
The company has about 11,334 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Concentrix. As per MCA filings, the company has satisfied charges of ₹628.54 Cr on record. Court records list 100 cases involving the company, including 51 filed by the company and 50 filed against it; 15 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹112.83 Cr; the latest was in March 2017. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 342 overdue payments to 84 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website concentrix.com.
Company details
Name history
Concentrix Services India has undergone 5 name changes throughout its history. The current legal name is Concentrix Services India Private Limited.
| Company Name | Status |
|---|---|
| Concentrix Services India Private Limited | Current |
| Minacs Private Limited | Previous |
| Teritex Holding Pvt Ltd | Previous |
| Minacs Limited | Previous |
| Transworks Information Services Limited | Previous |
| Aditya Birla Minacs Worldwide Limited | Previous |
CIN history
Concentrix Services India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U99999KA1995PTC052040, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999KA1995PTC052040 | Current |
| U99999MH1995PLC086218 | Previous |
| U99999KA1995PLC052040 | Previous |
Contact details
Concentrix Services India Private Limited's registered office is in Bangalore, Karnataka. Its website is concentrix.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Millennium Towers Itpl Road Brookefields, Bangalore, Karnataka, India – 560037
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Concentrix Services India 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
Brands
Concentrix Services India operates one associated brand: Concentrix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Customer engagement services are provided to enterprise clients globally. | concentrix.com |
Business activity
The main business activity of Concentrix Services India is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Concentrix Services India Private Limited, buy the company report.
Financials of Concentrix Services India Private Limited
FY 2024 filings availableConcentrix Services India Private Limited reported revenue of ₹774.64 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 15% growth in the latest year. EBITDA rose 6% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹146.66 Cr | ||||
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| Net Profit (PAT) | ₹51.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.9% | ||||
| Net Profit Margin | 6.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Concentrix Services India Private Limited, buy the company report.
Board of directors of Concentrix Services India Private Limited
Concentrix Services India has 4 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Vidyarthi | Whole-Time Director | 26 Oct 2023 | 2 Years 11 Months | Current |
| Jane Catherine Fogarty | Director | 30 Sep 2021 | 5 Years 0 Months | Current |
| Andrew Albert Farwig | Director | 30 Sep 2021 | 5 Years 0 Months | Current |
| Sanjay Gupta | Director | 22 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Concentrix Services India Private Limited is audited by B S R & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2022 | 101248 W / W-100022 |
Shareholding
The shareholding of Concentrix Services India 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 Concentrix Services India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2014 | 10511979 | The Royal Bank of Scotland N. V. | ₹41.13 Lakh | Satisfied | |
| 06 Oct 2009 | 10186524 | Hdfc Bank Limited | ₹30 Cr | Satisfied | |
| 19 Sep 2008 | 10123884 | Dbs Bank Limited | ₹80.09 Cr | Satisfied | |
| 11 Mar 2008 | 10091542 | The Hongkong and Shanghai Banking Corporation Limited | ₹9 Cr | Satisfied | |
| 19 Oct 2007 | 10072511 | Dbs Bank Ltd | ₹20 Cr | Satisfied |
To see the full charge records of Concentrix Services India Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Concentrix Services India Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹112.83 Cr; the latest was in March 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Concentrix Daksh Services India Private Limited , Concentrix Technologies (India) Private Limited Seller: The Minacs Group Pte Limited, Prakash HR & The Minacs Group Pte Limited |
| May 2014 | Funding round | ₹15 Cr | Investors: The Minacs Group Pte Limited |
| May 2014 | Secondary share transfer | Undisclosed | Seller: Aditya Birla Nuvo Limited |
| Oct 2011 | Funding round | ₹22.7 Lakh | Investors: Aditya Birla Nuvo Limited , Abnl Investment Limited , Others- Concentrix Services India Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Aditya Birla Nuvo Limited Seller: Rhcp Txw Investment Inc., ReichmannHauer Capital Partners |
To see the full deal history of Concentrix Services India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Concentrix Services India Private Limited has 100 court cases on record: 51 filed by Concentrix Services India, 50 filed against it. 15 cases are pending and 85 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 33 | 5 |
| High courts | 49 | 16 | 10 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ranchi, Jharkhand | Criminal complaint | Filed against the company by Daikin Air Conditioning India Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Maharashtra State Electricity Distribution Company Limited and 6 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Four Clover Realty Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Four Clover Realty Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Four Clover Realty Pvt Ltd and 3 others | Disposed |
To see the full case history of Concentrix Services India 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.
MSME payment delays
Concentrix Services India Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 342 overdue payments to 84 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 84)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vectrae Infotech Private Limited | |||
| Smartconnect Technologies Private Limited | |||
| an individual supplier | |||
| Arya Omnitalk Wireless Solutions Private Limited | |||
| Telemax Communications Private Limited |
To see the full MSME payment records of Concentrix Services India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Concentrix Services India has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Concentrix Services India Private Limited has a workforce of 11,334 employees on its EPFO records as of Apr 09, 2024, across 4 active EPFO establishments.
GST
Concentrix Services India has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT1567A2ZK | Karnataka | Active | 01 Jul 2017 |
| 19AAACT1567A1ZM | West Bengal | Active | 01 Jul 2017 |
| 20AAACT1567A1Z3 | Jharkhand | Active | 01 Jul 2017 |
| 24AAACT1567A1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Concentrix Services India Private Limited, buy the company report.
Recent activity
Concentrix Services India Private Limited has 34 board changes on record since 2007: 4 appointments and 30 cessations. The latest: Sanjay Gupta ceased to be Additional Director on 29 Sep 2024.
60 earlier events are in the company report.
News
Frequently asked questions
Concentrix Services India is an active private limited company based in Bangalore, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 09 March 1995 (31+ years old) and is registered under CIN U99999KA1995PTC052040.
Concentrix Services India has 4 current directors:
- Abhishek Vidyarthi - Whole-Time Director
- Jane Catherine Fogarty - Director
- Andrew Albert Farwig - Director
- Sanjay Gupta - Director
The latest financial statements of Concentrix Services India 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 2015 are in the company report.
The GSTIN of Concentrix Services India is 29AAACT1567A2ZK, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 19AAACT1567A1ZM (West Bengal), 20AAACT1567A1Z3 (Jharkhand), 24AAACT1567A1ZV (Gujarat).
The CIN (Corporate Identification Number) of Concentrix Services India is U99999KA1995PTC052040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Concentrix Services India has 100 court cases on record: 51 filed by the company and 50 filed against it. 15 are pending. Most are in the district courts.
Concentrix Services India was incorporated on 09 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Concentrix Services India has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹112.83 Cr; the latest was in March 2017.
Sanjay Gupta ceased to be Additional Director on 29 Sep 2024. Sanjay Gupta was appointed as Director on 22 Dec 2023. Abhishek Vidyarthi was appointed as Whole-Time Director on 26 Oct 2023. Concentrix Services India has 34 board changes on record in total.
Concentrix Services India has 11 MSME Form 1 returns on record between 2019 and 2024, listing 342 overdue payments to 84 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Concentrix Services India can be reached through the website concentrix.com. Its registered office is in Bangalore, Karnataka, India.