India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Raghunandana Tangirala & family ₹1,100 Cr
Market Cap
₹1,423 Cr
UDS · NSE
Share Price
₹195.22
-8.14% today
Revenue
₹2,940 Cr
FY 2025-26 · +7.4% YoY
EBITDA
₹129 Cr
Margin 4.4%
Net Profit
₹88.80 Cr
FY 2025-26 · -24.9% YoY
P/E (TTM)
15.6x
P/B 1.4x
ROE
8.2%
ROCE 8.8%
Debt / Equity
0.07
Interest cover 8.2x
About Updater Services Limited
Data last updated:
Updater Services Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the facility management segment of the business services sector. It was incorporated on 13 November 2003 and has been in existence for over 23 years.
Its director Raghunandana Tangirala and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L74140TN2003PLC051955. Its GSTIN is 33AAACU6845J1Z5 (Tamil Nadu). The company holds 20 GST registrations, of which 19 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543996 and NSE: UDS.
The company has an authorised share capital of ₹77.1 Cr and a paid-up capital of ₹66.95 Cr. It is led by directors including Raghunandana Tangirala (Managing Director) and Amitabh Jaipuria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1st Floor No.42 Gandhi Mandapam Road, Kotturupuram Chennai, Tamil Nadu, India – 600085.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,939.51 Cr, a growth of 7.4% compared to the previous year. For the same year it recorded a net profit of ₹88.8 Cr (net margin 3%) and EBITDA of ₹128.81 Cr (EBITDA margin 4.4%). The net worth stands at ₹1,052.33 Cr (up 9.8% YoY). Total assets are valued at ₹1,197.66 Cr (up 3.9% YoY).
The company has about 50,948 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries.
The company is associated with 2 brands: Washroom Hygiene and UDS. As per MCA filings, the company has open charges of ₹286.75 Cr and satisfied charges of ₹197.4 Cr on record. Court records list 31 cases involving the company, including 13 filed by the company and 18 filed against it; 11 cases are pending. The company has 23 deals on record (9 market trades, 8 secondary share transfers, 5 funding rounds), with disclosed funding of ₹118.53 Cr; the latest was in July 2026. Its 3 peer companies in the Business Services industry (Facility Management Services), with the same principal business activity (housekeeping & maintenance service) are compared by revenue, 3 smaller; the largest is Tenon Facility Management India Private Limited with revenue of ₹2,274.31 Cr. The company has 19 MSME Form 1 returns on record between 2015 and 2024, listing 1,431 overdue payments to 471 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 uds.in.
Company details
CIN L74140TN2003PLC051955
Registration Number 051955
Incorporation Date 13 November 2003
ROC Chennai
Listing Status Listed - Listed on NSE (UDS); Listed on BSE (543996)
Company Status Active
Date of Last AGM 25 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Updater Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74140TN2003PLC051955, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74140TN2003PLC051955 | Current |
| U74140TN2003PLC051955 | Previous |
| U74140TN2003PTC051955 | Previous |
Key People
Raghunandana Tangirala Managing Director Amitabh Jaipuria Whole-Time Director Jigyasa Sharma Whole-Time Director Recognitions & Rankings of Updater Services
Contact details
Updater Services Limited's registered office is in Chennai City Corporation, Tamil Nadu. Its website is uds.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor No.42 Gandhi Mandapam Road, Kotturupuram Chennai, Tamil Nadu, India – 600085
- IndustryBusiness Services, Facility Management
To see the full contact details of Updater Services Limited, buy the company report.
Comprehensive company report
Updater Services 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
Updater Services operates two associated brands: Washroom Hygiene and UDS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Washroom hygiene products are manufactured and cleaning services are provided. | washroomhygiene.co.in | |
| Integrated business services are provided across diverse sectors in India. | uds.in |
Business activity
The main business activity of Updater Services is support service to organizations. In detail, this covers housekeeping & maintenance service.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N5 | Housekeeping & maintenance service |
To see the full business activity and turnover split of Updater Services Limited, buy the company report.
Financials of Updater Services Limited
FY 2025-26 filings availableUpdater Services Limited reported revenue of ₹2,939.51 Cr (up 7.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,940 Cr
+7.4% YoY
EBITDA
₹129 Cr
-22.7% YoY
Profit After Tax
₹88.80 Cr
-24.9% YoY
Net Worth
₹1,052 Cr
+9.8% YoY
Total Assets
₹1,198 Cr
+3.9% YoY
Total Debt
₹44.91 Cr
-56.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,940 | 2,736 | 2,444 | 2,099 | 1,484 | 1,210 | 1,324 |
| Revenue growth | +7.4% | +11.9% | +16.5% | +41.5% | +22.6% | -8.6% | - |
| EBITDA | 129 | 167 | 134 | 92.59 | 78.19 | 66.05 | 72.18 |
| EBITDA margin | +4.4% | +6.1% | +5.5% | +4.4% | +5.3% | +5.5% | +5.5% |
| Profit before tax | 96.09 | 145 | 84.59 | 54.18 | 70.93 | 54.41 | 47.37 |
| Net profit | 88.80 | 118 | 67.59 | 35.81 | 56.11 | 49.50 | 41.18 |
| Net profit margin | +3.0% | +4.3% | +2.8% | +1.7% | +3.8% | +4.1% | +3.1% |
| EPS (₹) | 12.80 | 17.74 | 10.15 | 6.76 | 10.47 | 8.53 | 7.81 |
| Balance sheet | |||||||
| Total assets | 1,198 | 1,153 | 1,032 | 775 | 546 | 351 | 393 |
| Net worth | 1,052 | 958 | 840 | 381 | 340 | 285 | 249 |
| Total debt | 44.91 | 102 | 105 | 220 | 71.32 | 16.10 | 89.96 |
| Cash & bank | 254 | 233 | 151 | 165 | 71.02 | 63.81 | 24.66 |
| Net working capital | 546 | 556 | 493 | 272 | 188 | 161 | 210 |
| Cash flow | |||||||
| Cash from operations | 144 | 50.84 | 103 | 115 | 31.07 | 128 | 5.32 |
| Cash from investing | 22.24 | 18.55 | (356) | (153) | (47.16) | (16.55) | (54.61) |
| Cash from financing | (75.85) | (34.51) | 223 | 95.58 | 28.79 | (84.66) | 56.32 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 764 | 743 | 767 | 729 | 700 | 709 | 695 | 680 |
| Revenue growth (YoY) | +9.2% | +4.8% | +10.4% | +7.3% | +7.4% | - | - | - |
| Other income | 4.48 | 6.75 | 3.37 | 5.53 | 5.05 | 16.58 | 5.67 | 6.93 |
| EBITDA | 42.32 | 42.60 | 15.33 | 31.57 | 39.30 | 35.69 | 46.23 | 43.71 |
| EBITDA margin | +5.5% | +5.7% | +2.0% | +4.3% | +5.6% | +5.0% | +6.7% | +6.4% |
| Depreciation | 12.28 | 11.56 | 12.00 | 11.93 | 11.18 | 11.29 | 12.07 | 12.32 |
| Interest | 1.38 | 1.58 | 1.45 | 1.59 | 2.12 | 2.02 | 1.99 | 2.95 |
| Profit before tax | 33.14 | 36.21 | 5.25 | 23.58 | 31.05 | 38.96 | 37.84 | 35.37 |
| Tax | 2.87 | 8.84 | (1.37) | 3.77 | 2.06 | 4.79 | 6.68 | 7.37 |
| Net profit | 30.27 | 27.37 | 6.62 | 19.81 | 28.99 | 34.17 | 31.16 | 28.00 |
| EPS (₹) | 4.44 | 4.19 | 1.37 | 2.96 | 4.33 | 5.14 | 4.59 | 4.19 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,762 | 1,592 | 1,453 | 1,309 | 1,071 | 1,005 | 1,094 |
| Revenue growth | +10.7% | +9.6% | +11.0% | +22.2% | +6.5% | -8.1% | - |
| EBITDA | 59.28 | 68.58 | 44.12 | 36.85 | 33.00 | 38.88 | 51.43 |
| EBITDA margin | +3.4% | +4.3% | +3.0% | +2.8% | +3.1% | +3.9% | +4.7% |
| Profit before tax | 61.24 | 99.46 | 42.60 | 37.84 | 36.72 | 31.71 | 35.77 |
| Net profit | 54.51 | 51.70 | 40.09 | 32.31 | 41.08 | 30.72 | 32.52 |
| Net profit margin | +3.1% | +3.3% | +2.8% | +2.5% | +3.8% | +3.1% | +3.0% |
| EPS (₹) | 7.89 | 11.85 | 5.58 | 6.12 | 6.99 | 5.84 | 6.16 |
| Balance sheet | |||||||
| Total assets | 995 | 984 | 896 | 615 | 402 | 304 | 362 |
| Net worth | 906 | 853 | 771 | 328 | 288 | 253 | 230 |
| Total debt | 11.11 | 59.59 | 57.30 | 181 | 58.04 | 11.48 | 88.81 |
| Cash & bank | 97.12 | 111 | 22.55 | 32.99 | 10.75 | 38.08 | 7.50 |
| Net working capital | 300 | 347 | 301 | 83.06 | 87.54 | 107 | 177 |
| Cash flow | |||||||
| Cash from operations | 60.87 | 11.12 | 32.39 | 16.51 | 33.89 | 112 | (4.48) |
| Cash from investing | 13.00 | 66.60 | (298) | (101) | (91.52) | (17.25) | (48.81) |
| Cash from financing | (50.97) | (13.98) | 243 | 107 | 38.63 | (80.47) | 53.55 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 464 | 455 | 461 | 431 | 416 | 428 | 397 | 392 |
| Revenue growth (YoY) | +11.4% | +6.2% | +16.2% | +9.9% | +10.9% | - | - | - |
| Other income | 2.62 | 3.16 | 2.46 | 8.20 | 3.10 | 31.06 | 4.93 | 6.06 |
| Total expenses | 444 | 437 | 449 | 419 | 399 | 413 | 377 | 372 |
| EBITDA | 19.17 | 17.56 | 12.31 | 12.08 | 17.34 | 14.71 | 19.75 | 19.72 |
| EBITDA margin | +4.1% | +3.9% | +2.7% | +2.8% | +4.2% | +3.4% | +5.0% | +5.0% |
| Depreciation | 3.35 | 3.10 | 3.25 | 3.31 | 2.82 | 2.12 | 3.26 | 3.44 |
| Interest | 0.47 | 0.50 | 0.47 | 0.41 | 1.11 | 0.81 | 0.81 | 2.17 |
| Profit before tax | 17.97 | 17.12 | 11.05 | 16.56 | 16.51 | 42.84 | 20.61 | 20.17 |
| Tax | 0.79 | 5.02 | 1.22 | 1.26 | 0.88 | 7.34 | 4.12 | 3.71 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 764 | 743 | 767 | 729 | 700 | 709 | 695 | 680 |
| Revenue growth (YoY) | +9.2% | +4.8% | +10.4% | +7.3% | +7.4% | - | - | - |
| Other income | 4.48 | 6.75 | 3.37 | 5.53 | 5.05 | 16.58 | 5.67 | 6.93 |
| EBITDA | 42.32 | 42.60 | 15.33 | 31.57 | 39.30 | 35.69 | 46.23 | 43.71 |
| EBITDA margin | +5.5% | +5.7% | +2.0% | +4.3% | +5.6% | +5.0% | +6.7% | +6.4% |
| Depreciation | 12.28 | 11.56 | 12.00 | 11.93 | 11.18 | 11.29 | 12.07 | 12.32 |
| Interest | 1.38 | 1.58 | 1.45 | 1.59 | 2.12 | 2.02 | 1.99 | 2.95 |
| Profit before tax | 33.14 | 36.21 | 5.25 | 23.58 | 31.05 | 38.96 | 37.84 | 35.37 |
| Tax | 2.87 | 8.84 | (1.37) | 3.77 | 2.06 | 4.79 | 6.68 | 7.37 |
| Net profit | 30.27 | 27.37 | 6.62 | 19.81 | 28.99 | 34.17 | 31.16 | 28.00 |
| EPS (₹) | 4.44 | 4.19 | 1.37 | 2.96 | 4.33 | 5.14 | 4.59 | 4.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,940 | 2,736 | 2,444 | 2,099 | 1,484 | 1,210 | 1,324 |
| Revenue growth | +7.4% | +11.9% | +16.5% | +41.5% | +22.6% | -8.6% | - |
| Other income | 20.69 | 35.67 | 23.61 | 13.20 | 14.34 | 6.32 | 1.90 |
| Total expenses | 2,811 | 2,570 | 2,310 | 2,006 | 1,405 | 1,144 | 1,252 |
| Employee cost | 2,295 | 2,040 | 1,816 | 1,384 | 1,068 | 982 | 1,054 |
| EBITDA | 129 | 167 | 134 | 92.59 | 78.19 | 66.05 | 72.18 |
| EBITDA margin | +4.4% | +6.1% | +5.5% | +4.4% | +5.3% | +5.5% | +5.5% |
| Depreciation | 46.67 | 47.13 | 53.96 | 37.04 | 16.53 | 14.99 | 16.17 |
| Interest | 6.74 | 10.35 | 19.28 | 14.57 | 5.07 | 2.97 | 10.54 |
| Profit before tax | 96.09 | 145 | 84.59 | 54.18 | 70.93 | 54.41 | 47.37 |
| Tax | 13.30 | 25.75 | 18.32 | 19.58 | 13.57 | 6.86 | 6.13 |
| Net profit | 88.80 | 118 | 67.59 | 35.81 | 56.11 | 49.50 | 41.18 |
| Net profit margin | +3.0% | +4.3% | +2.8% | +1.7% | +3.8% | +4.1% | +3.1% |
| EPS (₹) | 12.80 | 17.74 | 10.15 | 6.76 | 10.47 | 8.53 | 7.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 66.95 | 66.95 | 66.95 | 52.95 | 52.82 | 52.82 | 52.82 |
| Reserves & surplus | 985 | 891 | 773 | 328 | 288 | 232 | 196 |
| Shareholders' funds (net worth) | 1,052 | 958 | 840 | 381 | 340 | 285 | 249 |
| Minority interest | 3.48 | 6.43 | 5.95 | 6.92 | 5.31 | 6.93 | 4.54 |
| Secured loans | 0.10 | 48.43 | 52.90 | 177 | 58.68 | 0.00 | 89.83 |
| Unsecured loans | 44.81 | 53.95 | 51.79 | 43.33 | 12.64 | 16.10 | 0.13 |
| Total debt | 44.91 | 102 | 105 | 220 | 71.32 | 16.10 | 89.96 |
| Total liabilities | 1,198 | 1,153 | 1,032 | 775 | 546 | 351 | 393 |
| Assets | |||||||
| Gross block | 477 | 473 | 451 | 421 | 246 | 113 | 115 |
| Net block | 342 | 357 | 357 | 359 | 204 | 74.90 | 85.44 |
| Capital work in progress | 0.00 | 1.21 | 10.88 | 0.23 | 4.12 | 0.32 | 0.00 |
| Investments | 78.42 | 43.08 | 6.44 | 3.81 | 0.01 | 4.04 | 1.54 |
| Inventories | 10.35 | 7.87 | 6.99 | 6.99 | 6.33 | 5.01 | 6.63 |
| Sundry debtors | 603 | 608 | 504 | 428 | 347 | 269 | 292 |
| Cash & bank balances | 254 | 233 | 151 | 165 | 71.02 | 63.81 | 24.66 |
| Loans & advances | 113 | 132 | 323 | 98.14 | 80.45 | 49.77 | 104 |
| Total current assets | 980 | 981 | 985 | 698 | 505 | 388 | 428 |
| Total current liabilities | 434 | 425 | 491 | 426 | 317 | 226 | 218 |
| Net working capital | 546 | 556 | 493 | 272 | 188 | 161 | 210 |
| Total assets | 1,198 | 1,153 | 1,032 | 775 | 546 | 351 | 393 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 118 | 83.62 | 115 | 57.29 | 44.58 | 17.30 | 10.40 |
| Net cash from operating activities | 144 | 50.84 | 103 | 115 | 31.07 | 128 | 5.32 |
| Net cash from investing activities | 22.24 | 18.55 | (356) | (153) | (47.16) | (16.55) | (54.61) |
| Net cash from financing activities | (75.85) | (34.51) | 223 | 95.58 | 28.79 | (84.66) | 56.32 |
| Net change in cash | 90.03 | 34.88 | (31.05) | 57.38 | 12.70 | 27.28 | 7.03 |
| Closing cash | 254 | 233 | 151 | 165 | 71.02 | 63.81 | 24.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.4% | +11.9% | +16.5% | +41.5% | +22.6% | -8.6% | - |
| EBITDA growth | -22.7% | +24.1% | +45.0% | +18.4% | +18.4% | -8.5% | - |
| PBT growth | -33.6% | +71.1% | +56.1% | -23.6% | +30.4% | +14.9% | +9997.0% |
| Net income growth | -24.9% | +74.9% | +88.8% | -36.2% | +13.4% | +20.2% | - |
| Revenue CAGR (3Y) | +11.9% | +22.6% | +26.4% | +16.6% | - | - | - |
| EBITDA CAGR (3Y) | +11.6% | +28.7% | +26.7% | +8.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +2.8% | +4.4% | +2.7% | +1.7% | +3.9% | +3.9% | +3.1% |
| Return on capital employed | +8.8% | +14.3% | +11.6% | +10.5% | +17.2% | +17.4% | +14.9% |
| Return on net worth | +8.2% | +13.2% | +10.9% | +9.6% | +18.3% | +19.5% | +16.6% |
| Debt / equity | 0.07 | 0.12 | 0.27 | 0.40 | 0.14 | 0.20 | 0.36 |
| Long-term debt / equity | 0.03 | 0.04 | 0.06 | 0.08 | 0.02 | 0.00 | 0.00 |
| Interest cover | 8.21 | 8.67 | 24.02 | 26.23 | 8.22 | 5.82 | 18.82 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.19 | 5.92 | 5.60 | 6.29 | 8.28 | 10.64 | 11.56 |
| Inventory turnover | 322.67 | 368.24 | 349.69 | 315.15 | 261.65 | 207.91 | 199.69 |
| Debtors turnover | 4.86 | 4.92 | 5.25 | 5.41 | 4.81 | 4.31 | 4.53 |
| EPS (₹) | 12.80 | 17.74 | 10.15 | 6.76 | 10.47 | 8.53 | 7.81 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 157.17 | 143.11 | 125.49 | 71.93 | 64.45 | 54.01 | 47.05 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 464 | 455 | 461 | 431 | 416 | 428 | 397 | 392 |
| Revenue growth (YoY) | +11.4% | +6.2% | +16.2% | +9.9% | +10.9% | - | - | - |
| Other income | 2.62 | 3.16 | 2.46 | 8.20 | 3.10 | 31.06 | 4.93 | 6.06 |
| Total expenses | 444 | 437 | 449 | 419 | 399 | 413 | 377 | 372 |
| EBITDA | 19.17 | 17.56 | 12.31 | 12.08 | 17.34 | 14.71 | 19.75 | 19.72 |
| EBITDA margin | +4.1% | +3.9% | +2.7% | +2.8% | +4.2% | +3.4% | +5.0% | +5.0% |
| Depreciation | 3.35 | 3.10 | 3.25 | 3.31 | 2.82 | 2.12 | 3.26 | 3.44 |
| Interest | 0.47 | 0.50 | 0.47 | 0.41 | 1.11 | 0.81 | 0.81 | 2.17 |
| Profit before tax | 17.97 | 17.12 | 11.05 | 16.56 | 16.51 | 42.84 | 20.61 | 20.17 |
| Tax | 0.79 | 5.02 | 1.22 | 1.26 | 0.88 | 7.34 | 4.12 | 3.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,762 | 1,592 | 1,453 | 1,309 | 1,071 | 1,005 | 1,094 |
| Revenue growth | +10.7% | +9.6% | +11.0% | +22.2% | +6.5% | -8.1% | - |
| Other income | 16.92 | 47.58 | 28.83 | 28.55 | 13.83 | 4.97 | 0.96 |
| Total expenses | 1,703 | 1,523 | 1,408 | 1,272 | 1,038 | 966 | 1,042 |
| Employee cost | 1,540 | 1,349 | 1,245 | 1,143 | 933 | 888 | 938 |
| EBITDA | 59.28 | 68.58 | 44.12 | 36.85 | 33.00 | 38.88 | 51.43 |
| EBITDA margin | +3.4% | +4.3% | +3.0% | +2.8% | +3.1% | +3.9% | +4.7% |
| Depreciation | 12.47 | 11.22 | 16.39 | 15.15 | 5.65 | 5.80 | 6.72 |
| Interest | 2.49 | 5.48 | 13.96 | 12.41 | 4.46 | 6.34 | 9.90 |
| Profit before tax | 61.24 | 99.46 | 42.60 | 37.84 | 36.72 | 31.71 | 35.77 |
| Tax | 8.39 | 20.13 | 5.22 | 5.44 | (0.21) | 0.87 | 3.23 |
| Net profit | 54.51 | 51.70 | 40.09 | 32.31 | 41.08 | 30.72 | 32.52 |
| Net profit margin | +3.1% | +3.3% | +2.8% | +2.5% | +3.8% | +3.1% | +3.0% |
| EPS (₹) | 7.89 | 11.85 | 5.58 | 6.12 | 6.99 | 5.84 | 6.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 66.95 | 66.95 | 66.95 | 52.95 | 52.82 | 52.82 | 52.82 |
| Reserves & surplus | 839 | 786 | 704 | 275 | 236 | 200 | 178 |
| Shareholders' funds (net worth) | 906 | 853 | 771 | 328 | 288 | 253 | 230 |
| Secured loans | 0.00 | 45.37 | 50.98 | 177 | 57.58 | 7.01 | 88.81 |
| Unsecured loans | 11.11 | 14.22 | 6.32 | 4.15 | 0.46 | 4.47 | 0.00 |
| Total debt | 11.11 | 59.59 | 57.30 | 181 | 58.04 | 11.48 | 88.81 |
| Total liabilities | 995 | 984 | 896 | 615 | 402 | 304 | 362 |
| Assets | |||||||
| Gross block | 105 | 98.70 | 79.58 | 64.62 | 41.84 | 31.85 | 29.78 |
| Net block | 49.45 | 53.83 | 38.76 | 36.27 | 22.97 | 8.84 | 12.24 |
| Capital work in progress | 0.00 | 0.76 | 9.45 | 0.00 | 1.85 | 0.00 | 0.01 |
| Investments | 453 | 418 | 397 | 378 | 167 | 92.77 | 92.77 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 406 | 389 | 321 | 287 | 236 | 206 | 245 |
| Cash & bank balances | 97.12 | 111 | 22.55 | 32.99 | 10.75 | 38.08 | 7.50 |
| Loans & advances | 63.76 | 108 | 301 | 61.15 | 49.52 | 47.34 | 95.59 |
| Total current assets | 566 | 608 | 645 | 381 | 297 | 292 | 348 |
| Total current liabilities | 267 | 262 | 344 | 298 | 209 | 184 | 171 |
| Net working capital | 300 | 347 | 301 | 83.06 | 87.54 | 107 | 177 |
| Total assets | 995 | 984 | 896 | 615 | 402 | 304 | 362 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 66.34 | 2.61 | 25.83 | 2.16 | 21.16 | 7.00 | 6.88 |
| Net cash from operating activities | 60.87 | 11.12 | 32.39 | 16.51 | 33.89 | 112 | (4.48) |
| Net cash from investing activities | 13.00 | 66.60 | (298) | (101) | (91.52) | (17.25) | (48.81) |
| Net cash from financing activities | (50.97) | (13.98) | 243 | 107 | 38.63 | (80.47) | 53.55 |
| Net change in cash | 22.90 | 63.73 | (23.22) | 21.90 | (19.00) | 14.16 | 0.26 |
| Closing cash | 97.12 | 111 | 22.55 | 32.99 | 10.75 | 38.08 | 7.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.7% | +9.6% | +11.0% | +22.2% | +6.5% | -8.1% | - |
| EBITDA growth | -13.6% | +55.4% | +19.7% | +11.7% | -15.1% | -24.4% | - |
| PBT growth | -38.4% | +133.5% | +12.6% | +3.1% | +15.8% | -11.4% | +13.7% |
| Net income growth | +5.4% | +29.0% | +24.1% | -21.4% | +33.7% | -5.5% | - |
| Revenue CAGR (3Y) | +10.4% | +14.1% | +13.1% | +6.2% | +4.3% | +7.1% | - |
| EBITDA CAGR (3Y) | +17.2% | +27.6% | +4.3% | -10.5% | -5.5% | -2.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.0% | +5.0% | +2.6% | +2.5% | +3.5% | +3.1% | +3.0% |
| Return on capital employed | +6.4% | +8.7% | +7.5% | +9.9% | +13.1% | +11.4% | +15.1% |
| Return on net worth | +6.0% | +6.4% | +6.8% | +10.5% | +15.2% | +12.8% | +15.2% |
| Debt / equity | 0.04 | 0.07 | 0.22 | 0.39 | 0.13 | 0.21 | 0.27 |
| Long-term debt / equity | 0.01 | 0.01 | 0.02 | 0.03 | 0.00 | 0.00 | 0.00 |
| Interest cover | 5.32 | 9.55 | 50.34 | 57.19 | 16.31 | 19.17 | 22.14 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 17.34 | 17.86 | 20.15 | 24.58 | 29.06 | 32.62 | 39.77 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.43 | 4.48 | 4.78 | 5.00 | 4.84 | 4.46 | 5.06 |
| EPS (₹) | 7.89 | 11.85 | 5.58 | 6.12 | 6.99 | 5.84 | 6.16 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 135.32 | 127.45 | 115.13 | 61.86 | 54.60 | 47.89 | 43.61 |
To see the full year-wise statements and ratios of Updater Services Limited, buy the company report.
Board of directors of Updater Services Limited
Updater Services has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghunandana Tangirala Also directs: Denave India Private Limited, Tangirala Infrastructure Development Private Limited, Athena BPO Private Limited and 5 more | Managing Director | 13 Nov 2003 | 22 Years 11 Months | Current |
| Amitabh Jaipuria | Whole-Time Director | 04 Mar 2023 | 3 Years 7 Months | Current |
| Sangeeta Sumesh Also directs: Athena BPO Private Limited, Matrix Business Services India Private Limited, Ifb Refrigeration Limited and 1 more | Director | 13 Sep 2022 | 4 Years 1 Months | Current |
| Amit Choudhary Also directs: Davadost Pharma Private Limited, Aishani Realinvest LLP, Waterlillies Infinite LLP and 4 more | Director | 25 Apr 2020 | 6 Years 5 Months | Current |
| Sunil Rewachand Chandiramani | Director | 20 Jun 2017 | 9 Years 4 Months | Current |
| Jigyasa Sharma Also directs: Denave India Private Limited, Athena BPO Private Limited, Fusion Foods and Catering Private Limited and 2 more | Whole-Time Director | 02 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Updater Services Limited is compared with the 3 companies closest to it by revenue in the Business Services industry (Facility Management Services), with the same principal business activity (housekeeping & maintenance service), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Updater Services Limitedthis company | ₹2,939.51 Cr (FY 2026) | ₹88.8 Cr | 3% | 7.4% | 50,948 | Chennai, Tamil Nadu, India |
| Tenon Facility Management India Private Limited | ₹2,274.31 Cr (FY 2024) | 20.0% | Gurgaon, Haryana, India | |||
| Dusters Total Solutions Services Private Limited | ₹1,310.64 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Krystal Integrated Services Limited | ₹1,229.28 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Updater Services Limited, buy the company report.
Auditor
Updater Services Limited is audited by S R Batliboi & Associates Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R Batliboi & Associates Llp | FY 2023 | 101049W/E300004 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 59.10%, foreign institutional investors hold 3.50%, domestic institutional investors hold 9.40% and retail and other public shareholders hold 28.00%.
Sep 2026
QUARTER
59.10% Promoters
9.40% DII (Domestic Institutional)
3.50% FII (Foreign Institutional)
28.00% Retail & Others
Promoter holding - history
Now 59.10% · Sep 2026High 59.10% · Mar 2026Low 58.90% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.10% | 59.10% | 59.10% | 58.90% |
| Public | 40.90% | 40.90% | 40.90% | 41.10% |
Charges & borrowings
Open charges
₹286.75 Cr
Satisfied charges
₹197.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2025 | 101117805 | Yes Bank Limited | ₹35 Cr | Open | |
| 01 Feb 2023 | 100691463 | Hdfc Bank Limited | ₹2.5 Cr | Open | |
| 19 Jun 2019 | 100272408 | Standard Chartered Bank | ₹30 Cr | Open | |
| 01 Feb 2018 | 100157218 | Others | ₹35 Cr | Open | |
| 26 May 2017 | 100101027 | State Bank of India | ₹25 Lakh | Open |
To see the full charge records of Updater Services Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Updater Services Limited has 23 deals on record (9 market trades, 8 secondary share transfers, 5 funding rounds), with disclosed funding of ₹118.53 Cr; the latest was in July 2026.
Total deals
23
Market trades
9
Secondary share transfers
8
Funding rounds
5
IPO
1
Disclosed funding
₹118.53 Cr
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹15.8 Cr | Buyer: Sis Limited Seller: East Bridge Capital Master Fund I Ltd |
| Jun 2026 | Market trade | ₹42.62 Cr | Buyer: Sis Limited |
| Jan 2025 | Market trade | ₹11.46 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Aug 2024 | Market trade | ₹29.35 Cr | Buyer: Graviton Research Capital LLP Seller: India Business Excellence Fund Iia, Graviton Research Capital LLP |
| Dec 2023 | Market trade | ₹24.63 Cr | Buyer: Graviton Research Capital LLP , Birla Sunlife Insurance Co.Ltd Seller: Graviton Research Capital LLP |
To see the full deal history of Updater Services 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
Updater Services Limited has 31 court cases on record: 13 filed by Updater Services, 18 filed against it. 11 cases are pending and 20 are disposed.
Total cases
31
Filed by the company
13
Filed against the company
18
Pending
11
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 15 | 4 |
| High courts | 10 | 3 | 7 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Parallel Track Engineering Company Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Inlogsys Techno Pvt Ltd | Disposed |
| High Court of Kerala | Writ petition | Filed against the company by Airport Employees Federation of India, | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against Techmn Sys Private Limited | Pending |
| Madras High Court | Court case (TCA) | Filed by the company against an individual | Pending |
To see the full case history of Updater Services 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.
Credit ratings & regulatory alerts
Updater Services Limited was last rated by Icra on 04 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Sep 2020 |
To see the full credit ratings and regulatory alerts of Updater Services Limited, buy the company report.
MSME payment delays
Updater Services Limited has 19 MSME Form 1 returns on record between 2015 and 2024, listing 1,431 overdue payments to 471 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 471)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| M.D. Safety Consultants Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Updater Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Updater Services has 12 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
12
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Athena BPO Private Limited | U51900MH1993PTC070252 | |
| Fusion Foods and Catering Private Limited | U55100TN2008PTC068154 | |
| Avon Solutions & Logistics Private Limited | U72200TN2002PTC049961 | |
| Matrix Business Services India Private Limited | U74140TN2003PTC051482 | |
| Global Flight Handling Services Private Limited | U74900TN2014PTC097283 | |
| Integrated Technical Staffing and Solutions Private Limited | U74910TN2007PTC065730 |
To see the full group structure of Updater Services Limited, buy the company report.
Employees & EPFO
Updater Services Limited has a workforce of 50,948 employees on its EPFO records as of Apr 01, 2024, across 13 active EPFO establishments.
Employee count
50,948
Active EPFO establishments
13
Employee growth
-4.68%
GST
Updater Services has 20 GST registrations: 19 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
20
Active
19
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACU6845J1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
| 04AAACU6845J1Z6 | Chandigarh | Active | 01 Jul 2017 |
| 06AAACU6845J2Z1 | Haryana | Active | 01 Jul 2017 |
| 07AAACU6845J1Z0 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Updater Services Limited, buy the company report.
Recent activity
Updater Services Limited has 22 board changes on record since 2003: 6 appointments and 16 cessations. The latest: Radha Ramanujan ceased to be CFO on 04 Sep 2025.
AGM
Updater Services Limited last Annual general meeting of members was held on 25 Aug 2026 as per latest MCA records.
Filing
Updater Services Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
Charges
A charge registered on 24 Aug 2023 via Charge ID 100779968 with Others was fully satisfied on 23 Feb 2026.
Charges
A charge registered on 21 Jun 2022 via Charge ID 100596397 with Others was fully satisfied on 23 Feb 2026.
Ceased
Radha Ramanujan ceased to be CFO.
Charges
A charge with Yes Bank Limited amounted to Rs. 35.00 Cr with Charge ID 101117805 was registered on 27 Jun 2025.
Charges
A charge registered on 15 Apr 2016 via Charge ID 100028000 with Citi Bank N.A. was fully satisfied on 02 Jun 2025.
Charges
A charge with Others of Rs. 35.00 Cr registered on 10 Sep 2015 with Charge ID 10594721 was modified on 17 Dec 2024.
Appointed
Jigyasa Sharma was appointed as Whole-Time Director.
Charges
A charge registered on 29 Jun 2022 via Charge ID 100600397 with Hdfc Bank Limited was fully satisfied on 23 Jan 2024.
Ceased
Balaji Swaminathan ceased to be CFO.
Charges
A charge with Others of Rs. 50.00 Cr registered on 27 Jan 2016 with Charge ID 100050021 was modified on 28 Aug 2023.
50 earlier events are in the company report.
News
Frequently asked questions
Updater Services is an active public limited company based in Chennai, Tamil Nadu, India. The company works in facility management, within the business services industry. It was incorporated on 13 November 2003 (23+ years old) and is registered under CIN L74140TN2003PLC051955. Listed on BSE: 543996 and NSE: UDS.
Updater Services reported revenue of ₹2,939.51 Cr for FY 2025-26 (up 7.4% YoY) based on consolidated financials.
Updater Services has 6 current directors:
- Raghunandana Tangirala - Managing Director
- Amitabh Jaipuria - Whole-Time Director
- Jigyasa Sharma - Whole-Time Director
- Sangeeta Sumesh - Director
- Amit Choudhary - Director
- Sunil Rewachand Chandiramani - Director
The latest financial statements of Updater Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Updater Services is 33AAACU6845J1Z5, registered in Tamil Nadu. The company has 20 GST registrations in all, of which 19 are active and 1 is cancelled or inactive. Other active GSTINs include 04AAACU6845J1Z6 (Chandigarh), 06AAACU6845J2Z1 (Haryana), 07AAACU6845J1Z0 (Delhi).
The CIN (Corporate Identification Number) of Updater Services is L74140TN2003PLC051955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Updater Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 543996) and NSE (symbol: UDS).
Updater Services has 31 court cases on record: 13 filed by the company and 18 filed against it. 11 are pending. Most are in the district courts.
Updater Services was incorporated on 13 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
Updater Services has 23 deals on record (9 market trades, 8 secondary share transfers, 5 funding rounds), with disclosed funding of ₹118.53 Cr; the latest was in July 2026.
The peers of Updater Services by revenue are Tenon Facility Management India Private Limited, Dusters Total Solutions Services Private Limited, Krystal Integrated Services Limited, all in the Business Services industry (Facility Management Services), with the same principal business activity (housekeeping & maintenance service).
Radha Ramanujan ceased to be CFO on 04 Sep 2025. Jigyasa Sharma was appointed as Whole-Time Director on 02 Apr 2024. Balaji Swaminathan ceased to be CFO on 30 Dec 2023. Updater Services has 22 board changes on record in total.