About SHL (India) Private Limited
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SHL (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 11 March 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74910MH1999PTC118801. Its GSTIN is 27AADCS2982D1ZC (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹84.11 Cr and a paid-up capital of ₹84.11 Cr. It is led by directors Puneet Juneja and Michael Edmondson.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Godrej BKC G Block Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹338.27 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹32.77 Cr (net margin -9.7%) and EBITDA of ₹52.37 Cr (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 29% over five years.
The company has about 754 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: AMCAT, Aspiring Minds and SHL. As per MCA filings, the company has open charges of ₹1.3 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹505.71 Cr; the latest was in May 2023. Its 4 peer companies in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 1 larger and 3 smaller; the largest is Karnataka State Electronic Development Corporation Limited with revenue of ₹352.06 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 503 overdue payments to 44 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 shl.com.
Company details
Contact details
SHL (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is shl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7th Floor Godrej BKC G Block Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of SHL (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
SHL (India) operates multiple associated brands including AMCAT, Aspiring Minds, and SHL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides recruitment services to match organizations with qualified candidates. | myamcat.com | |
| AI-based assessments for enterprise candidate skills are provided. | aspiringminds.com | |
| Talent assessment solutions are provided for hiring and development. | shl.com |
Business activity
The main business activity of SHL (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 SHL (India) Private Limited, buy the company report.
Financials of SHL (India) Private Limited
FY 2025 filings availableSHL (India) Private Limited reported revenue of ₹338.27 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 9% growth in the latest year. EBITDA rose 24% 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 | ₹52.37 Cr | ||||
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| Net Profit (PAT) | -₹32.77 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 | 15.5% | ||||
| Net Profit Margin | -9.7% | ||||
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To see the full financial statements and ratios of SHL (India) Private Limited, buy the company report.
Board of directors of SHL (India) Private Limited
SHL (India) has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puneet Juneja | Director | 27 Mar 2023 | 3 Years 7 Months | Current |
| Michael Edmondson | Director | 02 Jan 2018 | 8 Years 9 Months | Current |
Peer comparison
SHL (India) Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Karnataka State Electronic Development Corporation Limited | ₹352.06 Cr (FY 2024) | -40.0% | Bangalore, Karnataka, India | |||
| SHL (India) Private Limitedthis company | ₹338.27 Cr (FY 2025) | -₹32.77 Cr | -9.7% | 9.0% | 754 | Mumbai, Maharashtra, India |
| Weavings Manpower Solutions Private Limited | ₹324.52 Cr (FY 2025) | 23.0% | Thane, Maharashtra, India | |||
| HLF Services Limited | ₹317.77 Cr (FY 2025) | 23.0% | Chennai, Tamil Nadu, India | |||
| Integrated Personnel Services Limited | ₹316.82 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of SHL (India) Private Limited, buy the company report.
Auditor
SHL (India) Private Limited is audited by VMT & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VMT & Co. LLP | FY 2023 | N500048 |
Shareholding
The shareholding of SHL (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 SHL (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101152867 | The Hongkong and Shanghai Banking Corporation Limited | ₹90 Lakh | Open | |
| 03 Nov 2023 | 100830501 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
SHL (India) Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹505.71 Cr; the latest was in May 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: SHL Group Limited Seller: an individual |
| Nov 2021 | Funding round | ₹81.7 Cr | Investors: Avians International Pte Limited, 3 individuals |
| Nov 2019 | Funding round | ₹408.51 Cr | Investors: SHL Group Limited |
| May 2018 | Funding round | ₹15.5 Cr | Investors: SHL Group Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: SHL Group Limited and Yadotatore Venkatasubba Lakshminarayan Pandit, SHL Group Limited Seller: Saville & Holdsworth Limited And Yadotatore Venkatasubba Lakshminarayan Pandit, Saville & Holdsworth Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SHL (India) Private Limited has 3 court cases on record: 1 filed by SHL (India), 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Ms Orangemantra Technology Pvt Ltd | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Deputy Commissioner of Income Tax Circle 8(2)(1) Deputy Commissioner of Income Tax Circle 8(2)(1) Mumbai Aayakar Bhavan , M.K. Road ,Mumbai , Maharashtra and 2 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Deputy Commissioner of Income Tax, Circle -8( and 3 others | Disposed |
To see the full case history of SHL (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
SHL (India) Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 503 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Michael Page International Recruitment Private Limited | |||
| Computer Junction Private Limited | |||
| an individual supplier | |||
| Quokka Labs LLP | |||
| Rahi Systems Private Limited |
To see the full MSME payment records of SHL (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SHL (India) Private Limited has a workforce of 754 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
SHL (India) has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS2982D1ZC | Maharashtra | Active | 01 Jul 2017 |
| 06AADCS2982D1ZG | Haryana | Active | 01 Jul 2017 |
| 29AADCS2982D1Z8 | Karnataka | Active | 01 Jul 2017 |
| 06AADCS2982D2ZF | Haryana | Active | 12 Aug 2024 |
To see the full GST registrations and return filing status of SHL (India) Private Limited, buy the company report.
Recent activity
SHL (India) Private Limited has 11 board changes on record since 2012: 2 appointments and 9 cessations. The latest: Emmy Hackett ceased to be Director on 16 May 2025.
4 earlier events are in the company report.
News
Frequently asked questions
SHL (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 11 March 1999 (27+ years old) and is registered under CIN U74910MH1999PTC118801.
SHL (India) has 2 current directors:
- Puneet Juneja - Director
- Michael Edmondson - Director
The latest financial statements of SHL (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SHL (India) is 27AADCS2982D1ZC, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 06AADCS2982D1ZG (Haryana), 29AADCS2982D1Z8 (Karnataka), 06AADCS2982D2ZF (Haryana).
The CIN (Corporate Identification Number) of SHL (India) is U74910MH1999PTC118801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SHL (India) has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the high courts.
SHL (India) was incorporated on 11 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
SHL (India) has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹505.71 Cr; the latest was in May 2023.
The peers of SHL (India) by revenue are Karnataka State Electronic Development Corporation Limited, Weavings Manpower Solutions Private Limited, HLF Services Limited, Integrated Personnel Services Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Emmy Hackett ceased to be Director on 16 May 2025. Puneet Juneja ceased to be Additional Director on 09 Nov 2023. Puneet Juneja was appointed as Director on 27 Mar 2023. SHL (India) has 11 board changes on record in total.
SHL (India) has 13 MSME Form 1 returns on record between 2019 and 2024, listing 503 overdue payments to 44 micro and small suppliers. The latest return was filed on 19 Apr 2024.
SHL (India) can be reached through the website shl.com. Its registered office is in Mumbai, Maharashtra, India.