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Nsquared Systems Private Limited
Nsquared Systems Private Limited - business outsourcing in Gurugram, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹53,951
▼ 100% YoY
Net loss · FY 2024
₹25.1 Lakh
Latest filing
EBITDA · FY 2024
-₹20.79 Lakh
Latest filing
Authorised capital
₹6 Lakh
Registered with MCA
Paid-up capital
₹1.19 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Nsquared Systems Private Limited
Data last updated:
Nsquared Systems Private Limited is a private limited company based in Gurugram, Haryana, 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 27 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U72900HR2020PTC086428. Its GSTIN is 06AAGCN9544F1ZA (Haryana).
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors Ravi Eral and Aashutosh Chaudhary.
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 R244 DLF New Town Heights Sector – 90, Gurugram, Haryana, India – 122002.
As per the financials filed for FY 2024, the company reported a revenue of ₹53,951, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹25.1 Lakh and EBITDA of -₹20.79 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 67% over three years.
The company is associated with 1 brand: Daily Salary.
Nsquared Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0015668).
Company details
CIN U72900HR2020PTC086428
Registration Number 086428
Incorporation Date 27 May 2020
ROC Haryana
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-HR-05-0015668
Key People
Ravi Eral Director Aashutosh Chaudhary Director Recognitions & Rankings of Nsquared Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-HR-05-0015668
Contact details
Nsquared Systems Private Limited's registered office is in Gurugram, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressR244 DLF New Town Heights Sector – 90, Gurugram, Haryana, India – 122002
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Nsquared Systems Private Limited, buy the company report.
Comprehensive company report
Nsquared Systems 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
Nsquared Systems operates one associated brand: Daily Salary. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A cloud-based application for managing employee salaries efficiently. | dailysalary.in |
Business activity
The main business activity of Nsquared Systems 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 Nsquared Systems Private Limited, buy the company report.
Financials of Nsquared Systems Private Limited
FY 2024 filings availableNsquared Systems Private Limited reported revenue of ₹53,951 (down 100% YoY) for FY 2024.
Revenue · FY 2024
₹53,951 ▼ 100%
Net loss · FY 2024
₹25.1 Lakh
EBITDA · FY 2024
-₹20.79 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 67%
EBITDA CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 2%
Revenue has declined at a compounded annual rate (CAGR) of 67% over three years. EBITDA rose 61% 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 |
|---|---|---|---|---|
| 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 | -₹20.79 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹25.1 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 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 | ||||
To see the full financial statements and ratios of Nsquared Systems Private Limited, buy the company report.
Board of directors of Nsquared Systems Private Limited
Nsquared Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Eral Also directs: Unnati Online Private Limited, Unnati Helpers Foundation | Director | 27 May 2020 | 6 Years 5 Months | Current |
| Aashutosh Chaudhary Also directs: Unnati Online Private Limited, Unnati Helpers Foundation | Director | 27 May 2020 | 6 Years 5 Months | Current |
Auditor
Nsquared Systems Private Limited is audited by BHASKARA MOHAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHASKARA MOHAN & ASSOCIATES | FY 2023 | 016568S |
Shareholding
The shareholding of Nsquared Systems Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nsquared Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nsquared Systems 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 Nsquared Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nsquared Systems Private Limited has 1 active EPFO establishment as of Nov 11, 2026.
Active EPFO establishments
1
GST
Nsquared Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCN9544F1ZA | Haryana | Active | 18 Nov 2020 |
To see the full GST registrations and return filing status of Nsquared Systems Private Limited, buy the company report.
Recent activity
Nsquared Systems Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Shantanu Singh ceased to be Director on 21 Mar 2023.
AGM
Nsquared Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Nsquared Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Haryana.
Ceased
Shantanu Singh ceased to be Director.
Appointed
Aashutosh Chaudhary was appointed as Director.
Appointed
Ravi Eral was appointed as Director.
Incorporation
27 May 2020
Nsquared Systems Private Limited was registered on 27 May 2020 with Roc Haryana & aged 6 years 5 months as per MCA records.
Frequently asked questions
Nsquared Systems is an active private limited company based in Gurugram, Haryana, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 27 May 2020 (6+ years old) and is registered under CIN U72900HR2020PTC086428.
Nsquared Systems has 2 current directors:
- Ravi Eral - Director
- Aashutosh Chaudhary - Director
The latest financial statements of Nsquared Systems 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 FY 2021 are in the company report.
The GSTIN of Nsquared Systems is 06AAGCN9544F1ZA, registered in Haryana.
The CIN (Corporate Identification Number) of Nsquared Systems is U72900HR2020PTC086428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nsquared Systems was incorporated on 27 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Haryana.
Shantanu Singh ceased to be Director on 21 Mar 2023. Aashutosh Chaudhary was appointed as Director on 27 May 2020. Ravi Eral was appointed as Director on 27 May 2020.
Yes, Nsquared Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Nsquared Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-HR-05-0015668).
The registered office of Nsquared Systems is at R244 DLF New Town Heights Sector – 90, Gurugram, Haryana, India – 122002.
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