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Open Dhi Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹79.95 Cr
▼ 6% YoY
Net profit · FY 2024
₹19.81 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹2.27 Cr
EBITDA margin 2.8%
Authorised capital
₹2.8 Cr
Registered with MCA
Paid-up capital
₹2.8 Cr
Issued & subscribed
Open charges
₹5.2 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
41
Provident fund records
About Open Dhi Private Limited
Data last updated:
Open Dhi Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 25 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC314735. Its GSTIN is 27AAGCN2126D1ZU (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹2.8 Cr. It was formerly known as Newforce Global Services India Private Limited. It is led by directors including Radha Racha Shrinivas and Ganesh Gangadhar Kandlapalli.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹79.95 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹19.81 Lakh (net margin 0.2%) and EBITDA of ₹2.27 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Newforceltd. As per MCA filings, the company has open charges of ₹5.2 Cr on record. The company has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹73.1 Lakh; the latest was in March 2024.
Open Dhi Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0062972). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newforceltd.com.
Company details
CIN U74999MH2018PTC314735
Registration Number 314735
Incorporation Date 25 September 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0062972
Key People
Radha Racha Shrinivas Director Ganesh Gangadhar Kandlapalli Director Roja Jyothi Palepu Additional Director Recognitions & Rankings of Open Dhi
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0062972
Contact details
Open Dhi Private Limited's registered office is in Mumbai, Maharashtra. Its website is newforceltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressWework Vaswani Chambers 2nd Floor 264 – 265 Dr Annie Besant Rd, Municipal Colony Worli Shivaji Nagar Worli, Mumbai, Maharashtra, India – 400030
- IndustryBusiness Outsourcing, Business & IT Consulting, Business Process Outsourcing
To see the full contact details of Open Dhi Private Limited, buy the company report.
Comprehensive company report
Open Dhi 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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Brands
Open Dhi operates one associated brand: Newforceltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers recruitment for tech jobs abroad with visa sponsorship and relocation aid. | newforceltd.com |
Business activity
The main business activity of Open Dhi 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 Open Dhi Private Limited, buy the company report.
Financials of Open Dhi Private Limited
FY 2025 filings availableOpen Dhi Private Limited reported revenue of ₹79.95 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹79.95 Cr ▼ 6%
Net profit · FY 2024
₹19.81 Lakh margin 0.2%
EBITDA · FY 2024
₹2.27 Cr margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 109%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 92%
5 years · compounded
▲ 84%
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 109%. EBITDA rose 28% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.81 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Open Dhi Private Limited, buy the company report.
Board of directors of Open Dhi Private Limited
Open Dhi has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radha Racha Shrinivas Also directs: Adt Global Services Private Limited | Director | 28 Dec 2018 | 7 Years 10 Months | Current |
| Ganesh Gangadhar Kandlapalli Also directs: Dhi Hyperlocal Private Limited | Director | 01 Feb 2024 | 2 Years 9 Months | Current |
| Roja Jyothi Palepu Also directs: Dhi Hyperlocal Private Limited | Additional Director | 01 Dec 2025 | 0 Years 11 Months | Current |
| Racha Yadagiri Shrinivas | Director | 28 Dec 2018 | 7 Years 10 Months | Current |
Auditor
Open Dhi Private Limited is audited by GUPTA VINEY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA VINEY & ASSOCIATES | FY 2023 | 020095N |
Shareholding
The shareholding of Open Dhi 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 Open Dhi Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2024 | 101009272 | Others | ₹1.7 Cr | Open | |
| 28 Oct 2021 | 100494178 | Others | ₹3.5 Cr | Open |
To see the full charge records of Open Dhi Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Open Dhi Private Limited has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹73.1 Lakh; the latest was in March 2024.
Total deals
5
Funding rounds
2
Rights issues
2
Secondary share transfer
1
Disclosed funding
₹73.1 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹1.83 Cr | Investors: an individual |
| Mar 2023 | Funding round | ₹17 Lakh | Investors: an individual |
| Jul 2021 | Funding round | ₹56.1 Lakh | Investors: Newforce Global Services Limited |
| Mar 2021 | Rights issue | ₹53.8 Lakh | Investors: 2 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Open Dhi 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 Open Dhi Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Open Dhi has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Open Dhi Private Limited has a workforce of 41 employees on its EPFO records as of May 2026.
Employee count
41
Employee growth
51.9%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 41 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Open Dhi Private Limited, buy the company report.
GST
Open Dhi has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCN2126D1ZU | Maharashtra | Active | 06 Nov 2018 |
| 36AAGCN2126D1ZV | Telangana | Active | 07 Aug 2020 |
To see the full GST registrations and return filing status of Open Dhi Private Limited, buy the company report.
Recent activity
Open Dhi Private Limited has 8 board changes on record since 2018: 4 appointments and 4 cessations. The latest: Roja Jyothi Palepu was appointed as Additional Director on 01 Dec 2025.
Appointed
Roja Jyothi Palepu was appointed as Additional Director.
AGM
Open Dhi Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Open Dhi Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Ganesh Gangadhar Kandlapalli ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 1.70 Cr with Charge ID 101009272 was registered on 27 Sep 2024.
Appointed
Ganesh Gangadhar Kandlapalli was appointed as Director.
Charges
A charge with Others of Rs. 3.50 Cr registered on 28 Oct 2021 with Charge ID 100494178 was modified on 31 Dec 2022.
Ceased
Surjeet Singh Gurbax Singh Bal ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100494178 was registered on 28 Oct 2021.
Ceased
Bethi Pandari ceased to be Director.
Ceased
Srikanth Chintakindhi ceased to be Director.
Appointed
Racha Yadagiri Shrinivas was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Open Dhi is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 25 September 2018 (8+ years old) and is registered under CIN U74999MH2018PTC314735.
Open Dhi has 4 current directors:
- Radha Racha Shrinivas - Director
- Ganesh Gangadhar Kandlapalli - Director
- Roja Jyothi Palepu - Additional Director
- Racha Yadagiri Shrinivas - Director
The latest financial statements of Open Dhi on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Open Dhi is 27AAGCN2126D1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAGCN2126D1ZV (Telangana).
The CIN (Corporate Identification Number) of Open Dhi is U74999MH2018PTC314735. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Open Dhi was incorporated on 25 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Open Dhi has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹73.1 Lakh; the latest was in March 2024.
Roja Jyothi Palepu was appointed as Additional Director on 01 Dec 2025. Ganesh Gangadhar Kandlapalli ceased to be Additional Director on 29 Sep 2024. Ganesh Gangadhar Kandlapalli was appointed as Director on 01 Feb 2024. Open Dhi has 8 board changes on record in total.
Yes, Open Dhi is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Open Dhi is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0062972).
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