About Manpowergroup Services India Private Limited
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Manpowergroup Services India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Manpower Holdings Inc. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 05 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74910DL1997PTC085591. Its GSTIN is 07AABCM6914F1ZM (Delhi). The company holds 18 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹172.3 Cr and a paid-up capital of ₹172.2 Cr. It was formerly known as Manpower Services (India) Private Limited. It is led by directors Avneesh Makkar and Devesh Gupta.
Its last annual general meeting (AGM) was held on 04 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Suite No. A 1A On First Floor Indra Palace Gobind Mansion. H – Block Connaught Circu, S, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,322 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹19.62 Cr (net margin 0.8%) and EBITDA of ₹34.03 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The company has about 50,657 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ManpowerGroup and ManpowerGroup. Court records list 66 cases involving the company, including 40 filed by the company and 26 filed against it; 9 cases are pending. The company has 7 deals on record (5 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹172.16 Cr; the latest was in March 2018. Its 7 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 3 larger and 4 smaller; the largest is Firstmeridian Business Services Limited with revenue of ₹4,478.27 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 445 overdue payments to 39 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 manpowergroup.co.in.
Company details
Contact details
Manpowergroup Services India Private Limited's registered office is in New Delhi, Delhi. Its website is manpowergroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressSuite No. A 1A On First Floor Indra Palace Gobind Mansion. H – Block Connaught Circu, S, New Delhi, Delhi, India – 110001
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Manpowergroup 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
Manpowergroup Services India operates two associated brands: ManpowerGroup and ManpowerGroup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Workforce solutions are delivered via staffing and professional services. | manpowergroup.com | |
| ManpowerGroup is recognized as a leader in workforce solutions. | manpowergroup.co.in |
Business activity
The main business activity of Manpowergroup Services India 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 Manpowergroup Services India Private Limited, buy the company report.
Financials of Manpowergroup Services India Private Limited
FY 2025 filings availableManpowergroup Services India Private Limited reported revenue of ₹2,322 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 9% growth in the latest year. EBITDA rose 19% 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 | ₹34.03 Cr | ||||
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| Net Profit (PAT) | ₹19.62 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 | 1.5% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Manpowergroup Services India Private Limited, buy the company report.
Board of directors and KMP of Manpowergroup Services India Private Limited
Manpowergroup Services India Private Limited currently reports 2 directors and 1 key managerial person. 30 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avneesh Makkar | Director | 04 Feb 2015 | 11 Years 8 Months | Current |
| Ratish Kumar Also directs: Experis IT Private Limited, Right Management India Private Limited | Cfo | 22 Jun 2022 | 4 Years 4 Months | Current |
| Devesh Gupta | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Manpowergroup Services India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Firstmeridian Business Services Limited | ₹4,478.27 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Reliance SMSL Limited | ₹3,578.13 Cr (FY 2022) | 48.0% | Mumbai, Maharashtra, India | |||
| Randstad India Private Limited | ₹3,291.89 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Manpowergroup Services India Private Limitedthis company | ₹2,322 Cr (FY 2025) | ₹19.62 Cr | 0.8% | 9.0% | 50,657 | New Delhi, Delhi, India |
| Firstmeridian Global Services Private Limited | ₹2,193.36 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Innovsource Services Private Limited | ₹2,004.02 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Genius Hrtech Limited | ₹1,881.18 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Adecco India Private Limited | ₹1,764.7 Cr (FY 2024) | 15.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Manpowergroup Services India Private Limited, buy the company report.
Auditor
Manpowergroup Services India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2024 | 117366W/W-100018 |
Shareholding
The shareholding of Manpowergroup Services India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Manpowergroup Services India Private Limited, buy the company report.
Deals & funding
Manpowergroup Services India Private Limited has 7 deals on record (5 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹172.16 Cr; the latest was in March 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹1.64 Cr | Investors: Manpower Holdings Inc |
| Nov 2010 | Funding round | ₹4.04 Cr | Investors: Manpower Holdings Inc |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: Manpower Holdings Inc Seller: 4 individuals |
| Sep 2008 | Funding round | ₹15.05 Cr | Investors: Manpower Holdings Inc |
| Dec 2007 | Funding round | ₹121.8 Cr | Investors: Manpower Holdings Inc |
To see the full deal history of Manpowergroup 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
Manpowergroup Services India Private Limited has 66 court cases on record: 40 filed by Manpowergroup Services India, 26 filed against it. 9 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 38 | 10 | 2 |
| District courts | 26 | 16 | 6 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Commercial suit | Filed by the company against M/S Sobek Auto India Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against Seedwill Consulting Pvt Ltd Anr | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against M/S Euphoria Technologies Private Limited and 1 other | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Skillstech Services Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Trunorth Legaltech Pvt Ltd | Disposed |
To see the full case history of Manpowergroup 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
Manpowergroup Services India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 445 overdue payments to 39 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 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sai Manpower Services Private Limited | |||
| Navnil Engineering Private Limited | |||
| Surya's Management's Services | |||
| Sunovaa Tech Private Limited | |||
| Washroom Hygiene Concepts Private Limited |
To see the full MSME payment records of Manpowergroup Services India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Manpowergroup Services India Private Limited has a workforce of 50,657 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Manpowergroup Services India has 18 GST registrations: 11 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCM6914F1ZM | Delhi | Active | 01 Jul 2017 |
| 06AABCM6914F1ZO | Haryana | Active | 01 Jul 2017 |
| 24AABCM6914F1ZQ | Gujarat | Active | 01 Jul 2017 |
| 27AABCM6914F1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manpowergroup Services India Private Limited, buy the company report.
Recent activity
Manpowergroup Services India Private Limited has 31 board changes on record since 2007: 4 appointments and 27 cessations. The latest: Devesh Gupta ceased to be Additional Director on 23 Jun 2025.
22 earlier events are in the company report.
Frequently asked questions
Manpowergroup Services India is an active private limited company based in New Delhi, Delhi, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 05 March 1997 (29+ years old) and is registered under CIN U74910DL1997PTC085591.
Manpowergroup Services India has 3 current directors and KMP:
- Avneesh Makkar - Director
- Devesh Gupta - Director
- Ratish Kumar - Cfo
The latest financial statements of Manpowergroup Services India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Manpowergroup Services India is 07AABCM6914F1ZM, registered in Delhi. The company has 18 GST registrations in all, of which 11 are active and 7 are cancelled or inactive. Other active GSTINs include 06AABCM6914F1ZO (Haryana), 24AABCM6914F1ZQ (Gujarat), 27AABCM6914F1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Manpowergroup Services India is U74910DL1997PTC085591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manpowergroup Services India has 66 court cases on record: 40 filed by the company and 26 filed against it. 9 are pending. Most are in the high courts.
Manpowergroup Services India was incorporated on 05 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
Manpowergroup Services India has 7 deals on record (5 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹172.16 Cr; the latest was in March 2018.
The peers of Manpowergroup Services India by revenue are Firstmeridian Business Services Limited, Reliance SMSL Limited, Randstad India Private Limited, Firstmeridian Global Services Private Limited, Innovsource Services Private Limited and 2 more, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Devesh Gupta ceased to be Additional Director on 23 Jun 2025. Devesh Gupta was appointed as Director on 12 Aug 2024. Ratish Kumar ceased to be Additional Director on 28 Sep 2023. Manpowergroup Services India has 31 board changes on record in total.
Manpowergroup Services India has 14 MSME Form 1 returns on record between 2019 and 2024, listing 445 overdue payments to 39 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Manpowergroup Services India can be reached through the website manpowergroup.co.in. Its registered office is in New Delhi, Delhi, India.