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 of Naithik HR Solutions Private Limited
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
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo 2299/A 2nd Cross 9th Main Road D Block Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
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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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹1.19 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹86.61 Lakh | |
| 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 16.3% | |
| Net Profit Margin | 11.8% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2019-20 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Naithik HR Solutions are in the company report.
: available in 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 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services). Net profit, margin and employee counts of each company are in the company report.
| 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 Limited this company | ₹7.33 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | 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 |
Peers are the companies nearest to Naithik HR Solutions by revenue, above and below it, 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. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹8.7 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2022 | Others | ₹8.7 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance
Naithik HR Solutions Private Limited has a workforce of 16 employees as of Apr 09, 2024.
Employee count
16
Active EPFO establishments
1
Employee growth
14.29%
: available in 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.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
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 |
: available in the company report
MCA Filings & Documents
: available in the company report
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.