About Providence Solutions Private Limited
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Providence Solutions Private Limited is a private limited company based in Chandigarh, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 19 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74900CH2011PTC033179. Its GSTIN is 06AAGCP1688L1ZY (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Shambhu Arvind (Managing Director) and Chandan Dev Singla.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #5601 Sector 38 West, Chandigarh, India – 160036.
As per the financials filed for FY 2023, the company reported a revenue of ₹92.37 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹15.26 Lakh (net margin 16.5%) and EBITDA of ₹15.26 Lakh (EBITDA margin 16.5%). Revenue has grown at a compounded annual rate (CAGR) of 119% over three years and 6% over five years.
As per MCA filings, the company has satisfied charges of ₹39.81 Lakh on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Lakh; the latest was in January 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website providencesolutions.net.
Company details
Contact details
Providence Solutions Private Limited's registered office is in Chandigarh, Chandigarh. Its website is providencesolutions.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#5601 Sector 38 West, Chandigarh, India – 160036
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Providence Solutions 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
Financials of Providence Solutions Private Limited
FY 2023 filings availableProvidence Solutions Private Limited reported revenue of ₹92.37 Lakh (up 7519% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years. 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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| EBITDA | ₹15.26 Lakh | ||||
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| Net Profit (PAT) | ₹15.26 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 16.5% | ||||
| Net Profit Margin | 16.5% | ||||
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To see the full financial statements and ratios of Providence Solutions Private Limited, buy the company report.
Board of directors of Providence Solutions Private Limited
Providence Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandan Dev Singla Also directs: Fortuneplus Realty LLP | Director | 26 Mar 2015 | 11 Years 6 Months | Current |
| Shambhu Arvind | Managing Director | 19 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Providence Solutions Private Limited is audited by GARG BANSAL & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARG BANSAL & ASSOCIATES | FY 2020 | 016208N |
Shareholding
The shareholding of Providence Solutions Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Providence Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2017 | 100146413 | Others | ₹37.81 Lakh | Satisfied | |
| 09 Apr 2013 | 10426421 | Union Bank of India | ₹2 Lakh | Satisfied |
To see the full charge records of Providence Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Providence Solutions Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Lakh; the latest was in January 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Dec 2013 | Funding round | ₹4 Lakh | Investors: 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 Providence Solutions 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 Providence Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Providence Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCP1688L1ZY | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Providence Solutions Private Limited, buy the company report.
Recent activity
Providence Solutions Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Chandan Dev Singla ceased to be Additional Director on 30 Sep 2015.
1 earlier event is in the company report.
Frequently asked questions
Providence Solutions is an active private limited company based in Chandigarh, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 19 August 2011 (15+ years old) and is registered under CIN U74900CH2011PTC033179.
Providence Solutions has 2 current directors:
- Shambhu Arvind - Managing Director
- Chandan Dev Singla - Director
The latest financial statements of Providence Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Providence Solutions is 06AAGCP1688L1ZY, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Providence Solutions is U74900CH2011PTC033179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Providence Solutions was incorporated on 19 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chandigarh.
Providence Solutions has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Lakh; the latest was in January 2015.
Chandan Dev Singla ceased to be Additional Director on 30 Sep 2015. Sanyam Singla ceased to be Additional Director on 30 Sep 2015. Saurabh Gandhi ceased to be Additional Director on 30 Sep 2015. Providence Solutions has 6 board changes on record in total.
Providence Solutions can be reached through the website providencesolutions.net. Its registered office is in Chandigarh, India.
The registered office of Providence Solutions is at #5601 Sector 38 West, Chandigarh, India – 160036.