Startup India Government of India
Naithik HR Solutions Private Limited
Naithik HR Solutions Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.33 Cr
▲ 17% YoY
Net profit · FY 2024
₹86.61 Lakh
Net margin 11.8%
EBITDA · FY 2024
₹1.19 Cr
EBITDA margin 16.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹20,000
Issued & subscribed
Open charges
₹8.7 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
16
Provident fund records
About Naithik HR Solutions Private Limited
Data last updated:
Naithik HR Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 23 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74995KA2018PTC113374. Its GSTIN is 29AAGCN0794H1Z4 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹20,000. It is led by directors Mugali Chikkayellaiah Somesh (Managing Director) and Huskur Halappa Naveena.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 2299/A 2nd Cross 9th Main Road D Block Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.33 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹86.61 Lakh (net margin 11.8%) and EBITDA of ₹1.19 Cr (EBITDA margin 16.3%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 58% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.7 Lakh on record.
Naithik HR Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0193855).
Company details
CIN U74995KA2018PTC113374
Registration Number 113374
Incorporation Date 23 May 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0193855
Recognitions & Rankings of Naithik HR Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0193855
Contact details
Naithik HR Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo 2299/A 2nd Cross 9th Main Road D Block Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Naithik HR Solutions Private Limited, buy the company report.
Comprehensive company report
Naithik HR Solutions 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Naithik HR Solutions 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 Naithik HR Solutions Private Limited, buy the company report.
Financials of Naithik HR Solutions Private Limited
FY 2025 filings availableNaithik HR Solutions Private Limited reported revenue of ₹7.33 Cr (up 17% YoY) for FY 2024.
Revenue · FY 2024
₹7.33 Cr ▲ 17%
Net profit · FY 2024
₹86.61 Lakh margin 11.8%
EBITDA · FY 2024
₹1.19 Cr margin 16.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 39%
5 years · compounded
▲ 58%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 34%
5 years · compounded
▲ 35%
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 17% growth in the latest year. EBITDA rose 15% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.19 Cr | ||||
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| Net Profit (PAT) | ₹86.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 16.3% | ||||
| Net Profit Margin | 11.8% | ||||
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To see the full financial statements and ratios of Naithik HR Solutions Private Limited, buy the company report.
Board of directors of Naithik HR Solutions Private Limited
Naithik HR Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mugali Chikkayellaiah Somesh | Managing Director | 23 May 2018 | 8 Years 4 Months | Current |
| Huskur Halappa Naveena | Director | 23 May 2018 | 8 Years 4 Months | Current |
Peer comparison
Naithik HR Solutions 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 |
|---|---|---|---|---|---|---|
| Pestica Labour Services Private Limited | ₹7.34 Cr (FY 2022) | 13.0% | Pune, Maharashtra, India | |||
| Bizconindia Facilities Private Limited | ₹7.34 Cr (FY 2025) | 37.0% | Pune, Maharashtra, India | |||
| Naithik HR Solutions Private Limitedthis company | ₹7.33 Cr (FY 2024) | ₹86.61 Lakh | 11.8% | 17.0% | 16 | Bangalore, Karnataka, India |
| Parashar Associates India Private Limited | ₹7.33 Cr (FY 2025) | -8.0% | Haridwar, Uttarakhand, India | |||
| See & Recruit (India) Private Limited | ₹7.33 Cr (FY 2024) | 3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Naithik HR Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.7 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2022 | 100596996 | Others | ₹8.7 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Naithik HR Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Naithik HR Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Naithik HR Solutions Private Limited has a workforce of 16 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
14.29%
GST
Naithik HR Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCN0794H1Z4 | Karnataka | Active | 03 Aug 2018 |
To see the full GST registrations and return filing status of Naithik HR Solutions Private Limited, buy the company report.
Recent activity
Naithik HR Solutions Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Huskur Halappa Naveena was appointed as Director on 23 May 2018.
AGM
Naithik Hr Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Naithik Hr Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 8.70 Lakh with Charge ID 100596996 was registered on 24 Apr 2022.
Appointed
Huskur Halappa Naveena was appointed as Director.
Appointed
Mugali Chikkayellaiah Somesh was appointed as Managing Director.
Incorporation
23 May 2018
Naithik Hr Solutions Private Limited was registered on 23 May 2018 with Roc Bangalore & aged 8 years 5 months as per MCA records.
Frequently asked questions
Naithik HR Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 23 May 2018 (8+ years old) and is registered under CIN U74995KA2018PTC113374.
Naithik HR Solutions has 2 current directors:
- Mugali Chikkayellaiah Somesh - Managing Director
- Huskur Halappa Naveena - Director
The latest financial statements of Naithik HR Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Naithik HR Solutions is 29AAGCN0794H1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Naithik HR Solutions is U74995KA2018PTC113374. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Naithik HR Solutions was incorporated on 23 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Naithik HR Solutions by revenue are Pestica Labour Services Private Limited, Bizconindia Facilities Private Limited, Parashar Associates India Private Limited, See & Recruit (India) Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Huskur Halappa Naveena was appointed as Director on 23 May 2018. Mugali Chikkayellaiah Somesh was appointed as Managing Director on 23 May 2018.
Yes, Naithik HR Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Naithik HR Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0193855).
The registered office of Naithik HR Solutions is at No 2299A 2nd Cross 9th Main Road D Block Rajajinagar, Bangalore, Karnataka, India – 560010.