MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-CH-01-0024282
Phi Business Solutions Limited - business outsourcing in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.15 Cr
▲ 2% YoY
Net profit · FY 2024
₹55.67 Lakh
Net margin 10.8%
EBITDA · FY 2024
₹86.74 Lakh
EBITDA margin 16.8%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹35.98 Lakh
Issued & subscribed
Open charges
₹5.02 Cr
Satisfied ₹25.16 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
98
Provident fund records
About Phi Business Solutions Limited
Data last updated:
Phi Business Solutions Limited is a public limited company based in Chandigarh, India. It operates in the business process outsourcing sector. It was incorporated on 01 February 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72200CH1999PLC022183. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹35.98 Lakh. It is led by directors including Aditya Goyal and Kapil Kumar.
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 SCO 98 99 Sector 34 Chandigarh, Chandigarh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.15 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹55.67 Lakh (net margin 10.8%) and EBITDA of ₹86.74 Lakh (EBITDA margin 16.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company has about 98 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.02 Cr and satisfied charges of ₹25.16 Cr on record.
Phi Business Solutions Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CH-01-0024282). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phi.co.in.
Company Details of Phi Business Solutions Limited
CIN U72200CH1999PLC022183
Registration Number 022183
Incorporation Date 01 February 1999
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-CH-01-0024282
CIN History of Phi Business Solutions Limited
Phi Business Solutions has one previous CIN (Corporate Identification Number): U72200CH1999PTC022183. The current CIN is U72200CH1999PLC022183, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200CH1999PLC022183 | Current |
| U72200CH1999PTC022183 | Previous |
Recognitions & Rankings of Phi Business Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSCO 98 99 Sector 34 Chandigarh, Chandigarh, India
- IndustryBusiness Outsourcing, Business Process Outsourcing
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Business Activity of Phi Business Solutions Limited
The main business activity of Phi Business Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Phi Business Solutions Limited FY 2025 filings available
Phi Business Solutions Limited reported revenue of ₹5.15 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹5.15 Cr ▲ 2%
Net profit · FY 2024
₹55.67 Lakh margin 10.8%
EBITDA · FY 2024
₹86.74 Lakh margin 16.8%
Compounded Annual Growth Rate (CAGR) of Phi Business Solutions Limited
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 7%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 24%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 2% growth in the latest year. EBITDA fell 47% 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 of Phi Business Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹86.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹55.67 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 of Phi Business Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.8% | •••• | •••• | •••• | •••• |
| 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 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 Phi Business Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Phi Business Solutions Limited
Phi Business Solutions 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 |
|---|---|---|---|---|
| Aditya Goyal Also directs: Bhago Mobility Solutions Private Limited, Shaheen Spirit Motoring Private Limited, Modern Automotives Limited and 1 more | Director | 21 Feb 2003 | 23 Years 7 Months | Current |
| Kapil Kumar | Director | 11 Oct 2021 | 5 Years 0 Months | Current |
| Bhuvnesh Gulati Also directs: Modern Automotives Limited | Director | 26 Oct 2020 | 5 Years 11 Months | Current |
| Tarun Bansal Also directs: Bhago Mobility Solutions Private Limited, Suryakavach Ventures Private Limited, Aniket Buildwell Private Limited and 1 more | Director | 21 Mar 2022 | 4 Years 6 Months | Current |
Peer Comparison of Phi Business Solutions Limited
Phi Business Solutions Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Meddirect Services Private Limited | ₹5.21 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Mumbai, Maharashtra, India |
| DB Roofing (India) Private Limited | ₹5.19 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Aluva, Kerala, India |
| Prologging-In IT Private Limited | ₹5.17 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Cyberabad, Telangana, India |
| Manchester Freight Systems Private Limited | ₹5.16 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Ernakulam, Kerala, India |
| One Vish Solutions Private Limited | ₹5.16 Cr (FY 2017) | •••• | •••• | 75.0% | •••• | Pune, Maharashtra, India |
| Phi Business Solutions Limited this company | ₹5.15 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Chandigarh, India |
| Varuni Corporate Services Private Limited | ₹5.15 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mallathahalli, Karnataka, India |
| Window Technologies Private Limited | ₹5.15 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| Zappian Media Private Limited | ₹5.14 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Bhopal, Madhya Pradesh, India |
| Mphinite Technologies Private Limited | ₹5.14 Cr (FY 2022) | •••• | •••• | -1.0% | •••• | Bengaluru, Karnataka, India |
| Viveja IT Services Private Limited | ₹5.14 Cr (FY 2023) | •••• | •••• | 346.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Phi Business Solutions by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Phi Business Solutions Limited
Phi Business Solutions Limited is audited by A A R Y A A & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A A R Y A A & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Phi Business Solutions Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Phi Business Solutions Limited
Open charges
₹5.02 Cr
Satisfied charges
₹25.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2023 | Others | ₹5.02 Cr | Open |
| 13 Aug 2021 | State Bank of India | ₹25.16 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Phi Business Solutions Limited
Phi Business Solutions Limited has a workforce of 98 employees as of Apr 07, 2024.
Employee count
98
Active EPFO establishments
1
Employee growth
8.89%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Phi Business Solutions Limited
Phi Business Solutions Limited has 12 board changes on record since 1999: 8 appointments and 4 cessations. The latest: Tarun Bansal was appointed as Director on 21 Mar 2022.
AGM
Phi Business Solutions Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Phi Business Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 5.02 Cr with Charge ID 100784095 was registered on 30 Jul 2023.
Charges
A charge registered on 13 Aug 2021 via Charge ID 100470712 with State Bank Of India was fully satisfied on 01 May 2023.
Appointed
Tarun Bansal was appointed as Director.
Ceased
Aesha Goyal ceased to be Director.
Ceased
Alka Goyal ceased to be Director.
Appointed
Kapil Kumar was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 25.16 Cr with Charge ID 100470712 was registered on 13 Aug 2021.
Appointed
Bhuvnesh Gulati was appointed as Director.
Appointed
Aesha Goyal was appointed as Director.
Ceased
Krishan Kumar Goyal ceased to be Director.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Phi Business Solutions Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Phi Business Solutions Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Phi Business Solutions Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Phi Business Solutions Limited
Phi Business Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Phi Business Solutions Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Phi Business Solutions Limited
Phi Business Solutions is an active public limited company based in Chandigarh, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 01 February 1999 (27+ years old) and is registered under CIN U72200CH1999PLC022183.
Phi Business Solutions reported revenue of ₹5.15 Cr for FY 2024 (up 2% YoY).
Phi Business Solutions has 4 current directors:
- Aditya Goyal - Director
- Kapil Kumar - Director
- Bhuvnesh Gulati - Director
- Tarun Bansal - Director
Phi Business Solutions reported a net profit of ₹55.67 Lakh (net margin 10.8%) and EBITDA of ₹86.74 Lakh (EBITDA margin 16.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Phi Business Solutions is 7% over three years and 4% over five years. In the latest year (FY 2024) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
No. Phi Business Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Phi Business Solutions is U72200CH1999PLC022183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phi Business Solutions was incorporated on 01 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Phi Business Solutions by revenue are Meddirect Services Private Limited, DB Roofing (India) Private Limited, Prologging-In IT Private Limited, Manchester Freight Systems Private Limited, One Vish Solutions Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Tarun Bansal was appointed as Director on 21 Mar 2022. Aesha Goyal ceased to be Director on 12 Oct 2021. Alka Goyal ceased to be Director on 12 Oct 2021. Phi Business Solutions has 12 board changes on record in total.
Yes, Phi Business Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-CH-01-0024282).