About Needs Manpower Support Services Private Limited
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Needs Manpower Support Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 14 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2007PTC042094. Its GSTIN is 29AACCN4867B1ZE (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Needs Facility & Manpower Support Services Private Limited. It is led by directors Mohan Srinivasa (Managing Director) and Massaneni Roopa Venkatesh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.25 80 Feet Road Sbm Colony Bsk I Stage, Bangalore, Karnataka, India – 560050.
As per the financials filed for FY 2023, the company reported a revenue of ₹385.06 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹10.25 Cr (net margin 2.7%) and EBITDA of ₹13.36 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 11% over five years.
The company has about 17,058 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Needs Information Technologies. As per MCA filings, the company has open charges of ₹12.82 Cr and satisfied charges of ₹6.9 Cr on record. Court records list 23 cases involving the company, including 1 filed by the company and 22 filed against it; 5 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹24 Lakh; the latest was in March 2012.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website needs.co.in.
Company details
Name history
Needs Manpower Support Services has undergone 2 name changes throughout its history. The company was previously known as Needs Facility & Manpower Support Services Private Limited, and Needs Manpowersupport Services Private Limited. The current legal name is Needs Manpower Support Services Private Limited.
| Company Name | Status |
|---|---|
| Needs Manpower Support Services Private Limited | Current |
| Needs Facility & Manpower Support Services Private Limited | Previous |
| Needs Manpowersupport Services Private Limited | Previous |
Contact details
Needs Manpower Support Services Private Limited's registered office is in Bangalore, Karnataka. Its website is needs.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.25 80 Feet Road Sbm Colony Bsk I Stage, Bangalore, Karnataka, India – 560050
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Needs Manpower Support Services 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
Needs Manpower Support Services operates one associated brand: Needs Information Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive end-to-end HR solutions for businesses. | needs.co.in |
Financials of Needs Manpower Support Services Private Limited
FY 2024 filings availableNeeds Manpower Support Services Private Limited reported revenue of ₹385.06 Cr (up 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 3% growth in the latest year. EBITDA fell 6% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹385.06 Cr | ||||
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| EBITDA | ₹13.36 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹10.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Needs Manpower Support Services Private Limited, buy the company report.
Board of directors of Needs Manpower Support Services Private Limited
Needs Manpower Support Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Srinivasa | Managing Director | 14 Mar 2007 | 19 Years 7 Months | Current |
| Massaneni Roopa Venkatesh | Director | 14 Mar 2007 | 19 Years 7 Months | Current |
Auditor
Needs Manpower Support Services Private Limited is audited by Kolla & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kolla & Associates | FY 2023 | 012823S |
Shareholding
The shareholding of Needs Manpower Support Services 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 Needs Manpower Support Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2025 | 101082737 | State Bank of India | ₹3 Cr | Open | |
| 22 Jan 2009 | 10139298 | State Bank of Mysore | ₹32 Lakh | Open | |
| 12 Mar 2008 | 10099872 | State Bank of India | ₹9.5 Cr | Open | |
| 04 Aug 2023 | 100759395 | State Bank of India | ₹3 Cr | Satisfied | |
| 09 Mar 2022 | 100554544 | State Bank of India | ₹1 Cr | Satisfied |
To see the full charge records of Needs Manpower Support Services Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Needs Manpower Support Services Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹24 Lakh; the latest was in March 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2008 | Funding round | ₹24 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Needs Manpower Support Services Private Limited has 23 court cases on record: 1 filed by Needs Manpower Support Services, 22 filed against it. 5 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 5 |
| High courts | 7 | 6 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Betterplace Safety Solutions Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (ECA) | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (REF) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (REF) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by an individual | Pending |
To see the full case history of Needs Manpower Support Services 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.
Credit ratings & regulatory alerts
Needs Manpower Support Services Private Limited was last rated by Icra on 27 Dec 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Dec 2017 |
To see the full credit ratings and regulatory alerts of Needs Manpower Support Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Needs Manpower Support Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Needs Manpower Support Services Private Limited has a workforce of 17,058 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Needs Manpower Support Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN4867B1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Needs Manpower Support Services Private Limited, buy the company report.
Recent activity
Needs Manpower Support Services Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Massaneni Roopa Venkatesh was appointed as Director on 14 Mar 2007.
9 earlier events are in the company report.
Frequently asked questions
Needs Manpower Support Services 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 14 March 2007 (19+ years old) and is registered under CIN U74910KA2007PTC042094.
Needs Manpower Support Services has 2 current directors:
- Mohan Srinivasa - Managing Director
- Massaneni Roopa Venkatesh - Director
The latest financial statements of Needs Manpower Support Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Needs Manpower Support Services is 29AACCN4867B1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Needs Manpower Support Services is U74910KA2007PTC042094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Needs Manpower Support Services has 23 court cases on record: 1 filed by the company and 22 filed against it. 5 are pending. Most are in the district courts.
Needs Manpower Support Services was incorporated on 14 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Needs Manpower Support Services has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹24 Lakh; the latest was in March 2012.
Massaneni Roopa Venkatesh was appointed as Director on 14 Mar 2007. Mohan Srinivasa was appointed as Managing Director on 14 Mar 2007.
Needs Manpower Support Services can be reached through the website needs.co.in. Its registered office is in Bangalore, Karnataka, India.