Fortune MNC 500 India 2026 edition
Rank#220- Total income
- ₹3,178 Cr
- Profit
- ₹23 Cr
Last year #212
Randstad India Private Limited - business outsourcing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3,291.89 Cr
▲ 4% YoY
Net profit · FY 2025
₹7.46 Cr
Net margin 0.2%
EBITDA · FY 2025
₹41.67 Cr
EBITDA margin 1.3%
Authorised capital
₹63 Cr
Registered with MCA
Paid-up capital
₹59.29 Cr
Issued & subscribed
Open charges
₹2 Lakh
Secured borrowings
Company age
34 yrs
Est. 1992
Employees · EPFO
67,320
Provident fund records
About Randstad India Private Limited
Data last updated:
Randstad India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Randstad Asia Pacific Bv, Netherlands. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 17 July 1992 and has been in existence for over 34 years.
Randstad India is ranked #220 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74210TN1992PTC023097. Its GSTIN is 33AABCM4781A1ZW (Tamil Nadu). The company holds 21 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹63 Cr and a paid-up capital of ₹59.29 Cr. It was formerly known as Randstad India Limited and Ma Foi Management Consultants Private Limited. It is led by directors including Viswanath Pudukkod Subramanian (Managing Director) and Nagesh Bailur (Whole-Time Director).
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 Randstad House Old No. 5 & 5A New No. 9 Pycrofts Garden Road, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,291.89 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹7.46 Cr (net margin 0.2%) and EBITDA of ₹41.67 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
The company has about 67,320 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Randstad India. As per MCA filings, the company has open charges of ₹2 Lakh on record. Court records list 160 cases involving the company, including 80 filed by the company and 81 filed against it; 28 cases are pending. The company has 12 deals on record (6 funding rounds, 6 secondary share transfers), with disclosed funding of ₹551.85 Cr; the latest was in November 2017. Its 6 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 2 larger and 4 smaller; the largest is Firstmeridian Business Services Limited with revenue of ₹4,478.27 Cr. The company has 7 MSME Form 1 returns on record between 2016 and 2024, listing 562 overdue payments to 48 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 randstad.in.
Company details
CIN U74210TN1992PTC023097
Registration Number 023097
Incorporation Date 17 July 1992
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Randstad Asia Pacific Bv, Netherlands
Compliance Status Active Compliant
Name history
Randstad India has undergone 4 name changes throughout its history. The current legal name is Randstad India Private Limited.
| Company Name | Status |
|---|---|
| Randstad India Private Limited | Current |
| Randstad India Limited | Previous |
| Ma Foi Management Consultants Private Limited | Previous |
| Ma Foi Managements Limited | Previous |
| Ma Foi Management Consultants Limited | Previous |
CIN history
Randstad India has one previous CIN (Corporate Identification Number): U74210TN1992PLC023097. The current CIN is U74210TN1992PTC023097, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210TN1992PTC023097 | Current |
| U74210TN1992PLC023097 | Previous |
Key People
Viswanath Pudukkod Subramanian Managing Director Nagesh Bailur Whole-Time Director Anjali Raghuvanshi Director Recognitions & Rankings of Randstad India
Contact details
Randstad India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is randstad.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRandstad House Old No. 5 & 5A New No. 9 Pycrofts Garden Road, Chennai, Tamil Nadu, India – 600006
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Randstad India Private Limited, buy the company report.
Comprehensive company report
Randstad India 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
Brands
Randstad India operates one associated brand: Randstad India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recruitment process outsourcing services are provided to clients. | randstad.in |
Business activity
The main business activity of Randstad 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 Randstad India Private Limited, buy the company report.
Financials of Randstad India Private Limited
FY 2025 filings availableRandstad India Private Limited reported revenue of ₹3,291.89 Cr (up 4% YoY) for FY 2025.
Revenue · FY 2025
₹3,291.89 Cr ▲ 4%
Net profit · FY 2025
₹7.46 Cr margin 0.2%
EBITDA · FY 2025
₹41.67 Cr margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▼ 3%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 4% growth in the latest year. EBITDA rose 20% 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 | ₹41.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.46 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 | 1.3% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Randstad India Private Limited, buy the company report.
Board of directors of Randstad India Private Limited
Randstad India has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagesh Bailur | Whole-Time Director | 05 Sep 2021 | 5 Years 1 Months | Current |
| Anjali Raghuvanshi Also directs: Team HR Services Private Limited, Randstad Digital Private Limited | Director | 05 Sep 2021 | 5 Years 1 Months | Current |
| Viswanath Pudukkod Subramanian | Managing Director | 01 Jul 2021 | 5 Years 3 Months | Current |
| Slonina Edward Also directs: Team HR Services Private Limited, Randstad Digital Private Limited | Director | 18 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Randstad India Private Limited is compared with the 6 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 Limitedthis company | ₹3,291.89 Cr (FY 2025) | ₹7.46 Cr | 0.2% | 4.0% | 67,320 | Chennai, Tamil Nadu, India |
| Manpowergroup Services India Private Limited | ₹2,322 Cr (FY 2025) | 9.0% | 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 |
To see the full peer comparison of Randstad India Private Limited, buy the company report.
Auditor
Randstad India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Randstad 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 Randstad India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 1994 | 90281835 | Canara Bank | ₹2 Lakh | Open |
To see the full charge records of Randstad India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Randstad India Private Limited has 12 deals on record (6 funding rounds, 6 secondary share transfers), with disclosed funding of ₹551.85 Cr; the latest was in November 2017.
Total deals
12
Funding rounds
6
Secondary share transfers
6
Disclosed funding
₹551.85 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2017 | Funding round | ₹100 Cr | Investors: Randstad Asia Pacific BV |
| Nov 2016 | Funding round | ₹100 Cr | Investors: Randstad Asia Pacific BV |
| Oct 2015 | Funding round | ₹100 Cr | Investors: Randstad Asia Pacific BV |
| Mar 2014 | Funding round | ₹99.74 Cr | Investors: Randstad Asia Pacific BV |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: Randstad Asia Pacific BV, Capac Industries BV, Interlabor BV Seller: 2 individuals |
To see the full deal history of Randstad 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
Randstad India Private Limited has 160 court cases on record: 80 filed by Randstad India, 81 filed against it. 28 cases are pending and 132 are disposed.
Total cases
160
Filed by the company
80
Filed against the company
81
Pending
28
Disposed
132
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 81 | 60 | 18 |
| High courts | 74 | 19 | 10 |
| NCLT | 4 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 160)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Arbitration matter | Filed by the company against Nexedge Private Limited, | Pending |
| Madras High Court | Arbitration matter | Filed by the company against Triveritas Engineering Private Limited, | Pending |
| District court, Calcutta, West Bengal | Commercial suit | Filed by the company against Surji Agro Foods Private Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against B9 Beverages Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Iffco-Tokio General Insurance Company Ltd | Pending |
To see the full case history of Randstad 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
Randstad India Private Limited has 7 MSME Form 1 returns on record between 2016 and 2024, listing 562 overdue payments to 48 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 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avon Solutions & Logistics Private Limited | |||
| Ittechies Services Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Ampcus Tech Private Limited |
To see the full MSME payment records of Randstad India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Randstad India Private Limited has a workforce of 67,320 employees on its EPFO records as of Jul 18, 2024, across 1 active EPFO establishment.
Employee count
67,320
Active EPFO establishments
1
Employee growth
-2.64%
GST
Randstad India has 21 GST registrations: 19 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
21
Active
19
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCM4781A1ZW | Tamil Nadu | Active | 01 Jul 2017 |
| 04AABCM4781A7ZR | Chandigarh | Active | 28 Jun 2017 |
| 36AABCM4781A7ZK | Telangana | Active | 28 Jun 2017 |
| 06AABCM4781A1ZT | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Randstad India Private Limited, buy the company report.
Recent activity
Randstad India Private Limited has 48 board changes on record since 1992: 26 appointments and 22 cessations. The latest: Johan Christiaan Heutink ceased to be Director on 01 Jul 2023.
AGM
Randstad India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Randstad India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Johan Christiaan Heutink ceased to be Director.
Appointed
Slonina Edward was appointed as Director.
Ceased
Paul Edward Dupuis ceased to be Director.
Appointed
Anjali Raghuvanshi was appointed as Director.
Appointed
Nagesh Bailur was appointed as Whole-Time Director.
Appointed
Viswanath Pudukkod Subramanian was appointed as Managing Director.
Ceased
Frank Robert Ribuot ceased to be Director.
Appointed
Johan Christiaan Heutink was appointed as Director.
Ceased
Raghava Rao Sudheendra Kumar ceased to be Company Secretary.
Ceased
Robert Jan Van De Kraats ceased to be Director.
41 earlier events are in the company report.
News
Frequently asked questions
Randstad India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 17 July 1992 (34+ years old) and is registered under CIN U74210TN1992PTC023097.
Randstad India has 4 current directors:
- Viswanath Pudukkod Subramanian - Managing Director
- Nagesh Bailur - Whole-Time Director
- Anjali Raghuvanshi - Director
- Slonina Edward - Director
The latest financial statements of Randstad India 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 GSTIN of Randstad India is 33AABCM4781A1ZW, registered in Tamil Nadu. The company has 21 GST registrations in all, of which 19 are active and 2 are cancelled or inactive. Other active GSTINs include 04AABCM4781A7ZR (Chandigarh), 36AABCM4781A7ZK (Telangana), 06AABCM4781A1ZT (Haryana).
The CIN (Corporate Identification Number) of Randstad India is U74210TN1992PTC023097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Randstad India has 160 court cases on record: 80 filed by the company and 81 filed against it. 28 are pending. Most are in the district courts.
Randstad India was incorporated on 17 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chennai.
Randstad India has 12 deals on record (6 funding rounds, 6 secondary share transfers), with disclosed funding of ₹551.85 Cr; the latest was in November 2017.
The peers of Randstad India by revenue are Firstmeridian Business Services Limited, Reliance SMSL Limited, Manpowergroup Services India Private Limited, Firstmeridian Global Services Private Limited, Innovsource Services Private Limited and 1 more, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Johan Christiaan Heutink ceased to be Director on 01 Jul 2023. Slonina Edward was appointed as Director on 18 Aug 2022. Paul Edward Dupuis ceased to be Director on 22 Mar 2022. Randstad India has 48 board changes on record in total.
Randstad India has 7 MSME Form 1 returns on record between 2016 and 2024, listing 562 overdue payments to 48 micro and small suppliers. The latest return was filed on 19 Apr 2024.
Randstad India can be reached through the website randstad.in. Its registered office is in Chennai, Tamil Nadu, India.