About Topsgrup Services and Solutions Limited
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Topsgrup Services and Solutions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the security and surveillance segment of the business services sector. It was incorporated on 01 June 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74920MH1982PLC027283. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹36.72 Lakh. It was formerly known as Topsgrup Service (India) Limited and Tops Detectives and Security Services Pvt Ltd. It is led by directors including Ravikant Kailashchandra Modi and Arpita Gaurang Shah.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹236.78 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹19.26 Cr (net margin 8.1%) and EBITDA of ₹51.43 Cr (EBITDA margin 21.7%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years.
The company has about 15 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹52.35 Cr and satisfied charges of ₹29.74 Cr on record. Court records list 884 cases involving the company, including 122 filed by the company and 762 filed against it; 54 cases are pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹527.31 Cr; 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, 3 larger and 2 smaller; the largest is Nis Management Limited with revenue of ₹405.33 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 topsgrup.com.
Company details
Name history
Topsgrup Services and Solutions has undergone 8 name changes throughout its history. The current legal name is Topsgrup Services And Solutions Limited.
| Company Name | Status |
|---|---|
| Topsgrup Services and Solutions Limited | Current |
| Topsgrup Service (India) Limited | Previous |
| Tops Detectives And Security Services Pvt Ltd | Previous |
| Tops Security Limited | Previous |
| Tops Limited | Previous |
| Tops Solutions India Limited | Previous |
| Topsgrup Limited | Previous |
| Topsgrup Services Limited | Previous |
| Tops Services Limited | Previous |
CIN history
Topsgrup Services and Solutions has one previous CIN (Corporate Identification Number): L74920MH1982PLC027283. The current CIN is U74920MH1982PLC027283, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74920MH1982PLC027283 | Current |
| L74920MH1982PLC027283 | Previous |
Contact details
Topsgrup Services and Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is topsgrup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address602/603 A – Wing Subham Centre – II, Cardinal Gracious Road Near Chakala Weigh Bridge Andheri (East), Mumbai, Maharashtra, India – 400099
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Topsgrup Services and Solutions 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 Topsgrup Services and Solutions 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 Topsgrup Services and Solutions Limited, buy the company report.
Financials of Topsgrup Services and Solutions Limited
FY 2018 filings availableTopsgrup Services and Solutions Limited reported revenue of ₹236.78 Cr (down 11% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over three years, including a 11% fall in the latest year. EBITDA fell 7% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹236.78 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹51.43 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹19.26 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 21.7% | |||
| Net Profit Margin | 8.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Topsgrup Services and Solutions Limited, buy the company report.
Board of directors of Topsgrup Services and Solutions Limited
Topsgrup Services and Solutions has 4 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravikant Kailashchandra Modi Also directs: Topsline Emergency Life Support Services Private Limited | Director | 06 Mar 2025 | 1 Years 7 Months | Current |
| Dinesh Kumar Goyal Also directs: Rajprop Private Limited, H.G. Insurance Broking Private Limited, Rajoasis Private Limited and 2 more | Additional Director | 24 Dec 2018 | 7 Years 9 Months | Current |
| Arpita Gaurang Shah | Director | 06 Mar 2025 | 1 Years 7 Months | Current |
| Kaushik Raju Also directs: Topsline Emergency Life Support Services Private Limited | Director | 20 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Topsgrup Services and Solutions 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 |
|---|---|---|---|---|---|---|
| Nis Management Limited | ₹405.33 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| SLV Security Services Private Ltd | ₹373.09 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Rajasthan Ex-Servicemen Corporation Limited | ₹345.66 Cr (FY 2025) | 19.0% | Jaipur, Rajasthan, India | |||
| First Global Services Private Limited | ₹306.04 Cr (FY 2024) | -47.0% | New Delhi, Delhi, India | |||
| Iss SDB Security Services Private Limited | ₹303.98 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Topsgrup Services and Solutions Limitedthis company | ₹236.78 Cr (FY 2018) | ₹19.26 Cr | 8.1% | -11.0% | 15 | Mumbai, Maharashtra, India |
To see the full peer comparison of Topsgrup Services and Solutions Limited, buy the company report.
Auditor
Topsgrup Services and Solutions Limited is audited by AJAY SHOBHA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJAY SHOBHA & CO | FY 2018 | 317031E |
Shareholding
The shareholding of Topsgrup Services and Solutions Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Topsgrup Services and Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2016 | 100054086 | Others | ₹7.1 Lakh | Open | |
| 10 Mar 2016 | 100036538 | Others | ₹6.34 Lakh | Open | |
| 18 Dec 2015 | 10626348 | Central Bank of India | ₹4.5 Cr | Open | |
| 04 Feb 2010 | 10202992 | Allahabad Bank | ₹32.71 Cr | Open | |
| 04 Jun 2004 | 90184208 | Corporation Bank | ₹15 Cr | Open |
To see the full charge records of Topsgrup Services and Solutions Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Topsgrup Services and Solutions Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹527.31 Cr; the latest was in March 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Nanda Enterprises Limited Seller: 4 individuals |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: Pivotal Securities Private Limited Seller: an individual |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: Ladderup Group, 2 individuals Seller: Alken Management and Financial Services Private Limited |
| Apr 2006 | Funding round | ₹9.27 Cr | Investors: Volrado Venture Partners, Alken Management and Financial Services Private Limited , 2 individuals |
To see the full deal history of Topsgrup Services and Solutions 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
Topsgrup Services and Solutions Limited has 884 court cases on record: 122 filed by Topsgrup Services and Solutions, 762 filed against it. 54 cases are pending and 830 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 764 | 698 | 38 |
| High courts | 106 | 53 | 15 |
| Supreme Court | 10 | 8 | 0 |
| NCLT | 2 | 1 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 884)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patna, Bihar | Interim or miscellaneous application | Filed against the company by M/S Bharti Airtel Ltd. Through Shashi Anand | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Atos Global IT Solutions and Services Pvt. Ltd. and 2 others | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Instakart Services Private Limited | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Gems Education Solutions India Pvt. Ltd C-110-311, United Business Zones, Nirvana Country, South City II ,Gurgaon , Haryana | Disposed |
| High Court of Delhi | Court case (EFA(OS) (COMM)) | Filed by the company against Gems Education Solutions India Pvt Ltd | Disposed |
To see the full case history of Topsgrup Services and Solutions 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
No delayed payments to MSME suppliers are on our record for Topsgrup Services and Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Topsgrup Services and Solutions has 6 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Guardwell Detective Services Private Limited | U74920KA2001PTC029619 | |
| Topsline Life Response Services Private Limited | U74920MH2007PTC169605 | |
| Tops Investigation Services Private Limited | U74920MH2007PTC171974 | |
| Taylormade Outsourcing Solutions Private Limited | U74999MH2003PTC142077 | |
| Tops Security Private Limited | U74999MH2017PTC293338 | |
| Topsgrup Logistics Solutions Private Limited | U74999MH2017PTC294655 |
To see the full group structure of Topsgrup Services and Solutions Limited, buy the company report.
Employees & EPFO
Topsgrup Services and Solutions Limited has a workforce of 15 employees on its EPFO records as of Apr 07, 2024, across 13 active EPFO establishments.
GST
Topsgrup Services and Solutions has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Topsgrup Services and Solutions Limited, buy the company report.
Recent activity
Topsgrup Services and Solutions Limited has 31 board changes on record since 2007: 6 appointments and 25 cessations. The latest: Kamal Jit Singh ceased to be Additional Director on 10 Mar 2025.
45 earlier events are in the company report.
Frequently asked questions
Topsgrup Services and Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in security and surveillance, within the business services industry. It was incorporated on 01 June 1982 (44+ years old) and is registered under CIN U74920MH1982PLC027283.
Topsgrup Services and Solutions has 4 current directors:
- Ravikant Kailashchandra Modi - Director
- Dinesh Kumar Goyal - Additional Director
- Arpita Gaurang Shah - Director
- Kaushik Raju - Director
The latest financial statements of Topsgrup Services and Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Topsgrup Services and Solutions has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Topsgrup Services and Solutions is U74920MH1982PLC027283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topsgrup Services and Solutions has 884 court cases on record: 122 filed by the company and 762 filed against it. 54 are pending. Most are in the district courts.
Topsgrup Services and Solutions was incorporated on 01 June 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Topsgrup Services and Solutions has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹527.31 Cr; the latest was in March 2017.
The peers of Topsgrup Services and Solutions by revenue are Nis Management Limited, SLV Security Services Private Ltd, Rajasthan Ex-Servicemen Corporation Limited, First Global Services Private Limited, Iss SDB Security Services Private Limited, all in the Business Services industry (Security Services), with the same principal business activity (security and investigation activities).
Kamal Jit Singh ceased to be Additional Director on 10 Mar 2025. Rajesh Kailashchandra Kedia ceased to be Company Secretary on 10 Mar 2025. Sunita Randhir Nanda ceased to be Additional Director on 10 Mar 2025. Topsgrup Services and Solutions has 31 board changes on record in total.
Topsgrup Services and Solutions can be reached through the website topsgrup.com. Its registered office is in Mumbai, Maharashtra, India.