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Qikwork Services Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹34.66 Cr
▲ 51% YoY
Net loss · FY 2024
₹32.3 Cr
Net margin -93.2%
EBITDA · FY 2024
-₹30.47 Cr
EBITDA margin -87.9%
Authorised capital
₹58 Lakh
Registered with MCA
Paid-up capital
₹28.67 Lakh
Issued & subscribed
Open charges
₹8 Cr
Satisfied ₹19.99 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
10
Provident fund records
About Qikwork Services Private Limited
Data last updated:
Qikwork Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online job portals segment of the internet and digital services sector. It was incorporated on 07 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC139423. Its GSTIN is 29AAACQ6945P1ZL (Karnataka).
The company has an authorised share capital of ₹58 Lakh and a paid-up capital of ₹28.67 Lakh. It is led by directors Chilukuri Nagagnanesh and Arpit Dave.
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 Sector 1, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.66 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net loss of ₹32.3 Cr (net margin -93.2%) and EBITDA of -₹30.47 Cr (EBITDA margin -87.9%). Revenue has grown at a compounded annual rate (CAGR) of 355% over three years.
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Smartstaff. As per MCA filings, the company has open charges of ₹8 Cr and satisfied charges of ₹19.99 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 8 deals on record (5 funding rounds, 2 convertible or debt financings, 1 debt financing), with disclosed funding of ₹84.44 Cr; the latest was in August 2023. Its 10 peer companies in the same principal business activity (other support services to organizations) are compared by revenue, 5 larger and 5 smaller; the largest is Noverra Hospitality Private Limited with revenue of ₹34.87 Cr.
Qikwork Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0026743). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smartstaff.co.in.
Company details
CIN U74999KA2020PTC139423
Registration Number 139423
Incorporation Date 07 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0026743
Recognitions & Rankings of Qikwork Services
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0026743
Contact details
Qikwork Services Private Limited's registered office is in Bangalore, Karnataka. Its website is smartstaff.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressHustle Hub First Floor, 1550A And 1550B Sector 1, Bangalore, Karnataka, India – 560102
- IndustryInternet, Online Job Portals
To see the full contact details of Qikwork Services Private Limited, buy the company report.
Comprehensive company report
Qikwork Services 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
Qikwork Services operates one associated brand: smartstaff. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of workforce management platform for blue collar employee lifecycle management | smartstaff.co.in |
Business activity
The main business activity of Qikwork Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Qikwork Services Private Limited, buy the company report.
Financials of Qikwork Services Private Limited
FY 2025 filings availableQikwork Services Private Limited reported revenue of ₹34.66 Cr (up 51% YoY) for FY 2024.
Revenue · FY 2024
₹34.66 Cr ▲ 51%
Net loss · FY 2024
₹32.3 Cr margin -93.2%
EBITDA · FY 2024
-₹30.47 Cr margin -87.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 51%
3 years · compounded
▲ 355%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 220%
Revenue has grown at a compounded annual rate (CAGR) of 355% over three years, including 51% growth in the latest year. EBITDA fell 32% 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 | -₹30.47 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹32.3 Cr | |||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -87.9% | |||
| Net Profit Margin | -93.2% | |||
| 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 Qikwork Services Private Limited, buy the company report.
Board of directors of Qikwork Services Private Limited
Qikwork Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chilukuri Nagagnanesh Also directs: Smartstaff Staffing Services Private Limited | Director | 07 Oct 2020 | 6 Years 1 Months | Current |
| Arpit Dave Also directs: Smartstaff Staffing Services Private Limited | Director | 24 Oct 2020 | 6 Years 0 Months | Current |
Peer comparison
Qikwork Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Noverra Hospitality Private Limited | ₹34.87 Cr (FY 2025) | -49.0% | Mumbai, Maharashtra, India | |||
| Avanta Business Centre Private Limited | ₹34.82 Cr (FY 2025) | 19.0% | Delhi, India | |||
| S.Ram Manpower Services Private Limited | ₹34.71 Cr (FY 2024) | -8.0% | Jaipur, Rajasthan, India | |||
| Winmore Leasing and Holdings Limited | ₹34.69 Cr (FY 2019) | -13.0% | Mumbai, Maharashtra, India | |||
| Mindpool Technologies Limited | ₹34.66 Cr (FY 2025) | -22.0% | Pune, Maharashtra, India | |||
| Qikwork Services Private Limitedthis company | ₹34.66 Cr (FY 2024) | -₹32.3 Cr | -93.2% | 51.0% | 10 | Bangalore, Karnataka, India |
| Nexa Manpower & Trading Services Private Limited | ₹34.63 Cr (FY 2025) | 8.0% | Jaintia Hills, Meghalaya, India | |||
| Iconphygital Private Limited | ₹34.62 Cr (FY 2025) | 74.0% | Thane, Maharashtra, India | |||
| Bluetigers Security Guard Services Private Limited | ₹34.49 Cr (FY 2025) | 61.0% | Lucknow, Uttar Pradesh, India | |||
| NM Ingenious Management Services Private Limited | ₹34.47 Cr (FY 2024) | 23.0% | Mumbai, Maharashtra, India | |||
| International Waste Management Private Limited | ₹34.47 Cr (FY 2025) | 9.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Qikwork Services Private Limited, buy the company report.
Auditor
Qikwork Services Private Limited is audited by Lodha & Bhatt for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Bhatt | FY 2023 | 016505S |
Shareholding
The shareholding of Qikwork Services 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 Qikwork Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8 Cr
Satisfied charges
₹19.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2025 | 101025475 | Sidbi | ₹5 Cr | Open | |
| 31 May 2024 | 100968611 | Others | ₹3 Cr | Open | |
| 22 Nov 2023 | 100832069 | Others | ₹4.99 Cr | Satisfied | |
| 04 Jul 2023 | 100767379 | Hdfc Bank Limited | ₹8 Cr | Satisfied | |
| 04 Jul 2023 | 100767394 | Hdfc Bank Limited | ₹4 Cr | Satisfied |
To see the full charge records of Qikwork Services Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Qikwork Services Private Limited has 8 deals on record (5 funding rounds, 2 convertible or debt financings, 1 debt financing), with disclosed funding of ₹84.44 Cr; the latest was in August 2023.
Total deals
8
Funding rounds
5
Convertible or debt financings
2
Debt financing
1
Disclosed funding
₹84.44 Cr
Deals on record (3 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Debt financing | ₹3 Cr | Investors: Alteria Capital |
| Dec 2020 | Funding round · Seed | ₹19.91 Cr | Investors: Nexus Venture Partners, Blume Ventures, Angel List |
| Dec 2020 | Funding round | ₹6.7 Lakh | Investors: Nexus Venture Partners, Blume Ventures |
To see the full deal history of Qikwork Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Qikwork Services Private Limited has 1 court case on record: 1 filed by Qikwork Services. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Smartstaff Staffing Services Pvt Ltd and 1 other | Disposed |
To see the full case history of Qikwork 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Qikwork Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Qikwork Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Smartstaff Staffing Services Private Limited | U74999KA2022PTC159879 |
To see the full group structure of Qikwork Services Private Limited, buy the company report.
Employees & EPFO
Qikwork Services Private Limited has a workforce of 10 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-92.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 10 |
| 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 Qikwork Services Private Limited, buy the company report.
GST
Qikwork Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ6945P1ZL | Karnataka | Active | 05 Nov 2020 |
To see the full GST registrations and return filing status of Qikwork Services Private Limited, buy the company report.
Recent activity
Qikwork Services Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Balaji Srinivasa ceased to be Nominee Director on 01 Oct 2025.
Ceased
Balaji Srinivasa ceased to be Nominee Director.
AGM
Qikwork Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 27 Jun 2023 via Charge ID 100764661 with Others was fully satisfied on 08 Sep 2025.
Filing
Qikwork Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Sidbi amounted to Rs. 500.00 Lakh with Charge ID 101025475 was registered on 06 Jan 2025.
Charges
A charge registered on 04 Jul 2023 via Charge ID 100767379 with Hdfc Bank Limited was fully satisfied on 27 Nov 2024.
Charges
A charge registered on 04 Jul 2023 via Charge ID 100767394 with Hdfc Bank Limited was fully satisfied on 27 Nov 2024.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100968611 was registered on 31 May 2024.
Charges
A charge registered on 22 Nov 2023 via Charge ID 100832069 with Others was fully satisfied on 17 Apr 2024.
Ceased
Viral Chhajer ceased to be Director.
Charges
A charge with Others amounted to Rs. 499.00 Lakh with Charge ID 100832069 was registered on 22 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 800.00 Lakh with Charge ID 100767379 was registered on 04 Jul 2023.
7 earlier events are in the company report.
Frequently asked questions
Qikwork Services is an active private limited company based in Bangalore, Karnataka, India. The company works in online job portals, within the internet industry. It was incorporated on 07 October 2020 (6+ years old) and is registered under CIN U74999KA2020PTC139423.
Qikwork Services has 2 current directors:
- Chilukuri Nagagnanesh - Director
- Arpit Dave - Director
The latest financial statements of Qikwork Services 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 2021 are in the company report.
The GSTIN of Qikwork Services is 29AAACQ6945P1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Qikwork Services is U74999KA2020PTC139423. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qikwork Services has 1 court case on record: 1 filed by the company.
Qikwork Services was incorporated on 07 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Qikwork Services has 8 deals on record (5 funding rounds, 2 convertible or debt financings, 1 debt financing), with disclosed funding of ₹84.44 Cr; the latest was in August 2023.
The peers of Qikwork Services by revenue are Noverra Hospitality Private Limited, Avanta Business Centre Private Limited, S.Ram Manpower Services Private Limited, Winmore Leasing and Holdings Limited, Mindpool Technologies Limited and 5 more, all in the same principal business activity (other support services to organizations).
Balaji Srinivasa ceased to be Nominee Director on 01 Oct 2025. Viral Chhajer ceased to be Director on 31 Jan 2024. Balaji Srinivasa was appointed as Nominee Director on 09 May 2023. Qikwork Services has 6 board changes on record in total.
Yes, Qikwork Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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