MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0067716
Radix HR Solutions Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹117.82 Cr
▲ 8% YoY
Net profit · FY 2023
₹5.27 Lakh
Net margin 0%
EBITDA · FY 2023
₹95.74 Lakh
EBITDA margin 0.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹13.08 Cr
Satisfied ₹1.88 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
4,326
Provident fund records
About Radix HR Solutions Private Limited
Data last updated:
Radix HR Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 26 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2010PTC055646. Its GSTIN is 29AAFCR1821C1ZP (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mamatha and Saroja Ravikumar.
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 Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹117.82 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹5.27 Lakh (net margin 0%) and EBITDA of ₹95.74 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 28% over five years.
The company has about 4,326 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Radix HR Solutions. As per MCA filings, the company has open charges of ₹13.08 Cr and satisfied charges of ₹1.88 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
Radix HR Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0067716). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website radixgroups.com.
Company details
CIN U74910KA2010PTC055646
Registration Number 055646
Incorporation Date 26 October 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0067716
Recognitions & Rankings of Radix HR Solutions
Contact details
Radix HR Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is radixgroups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 479 13th Cross 2nd Main Old Madras Road Pai Layout Doorvani Nag, Ar., Bangalore, Karnataka, India – 560016
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Radix HR Solutions Private Limited, buy the company report.
Comprehensive company report
Radix HR Solutions 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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Secure checkout · GST invoice included
Brands
Radix HR Solutions operates one associated brand: Radix HR Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers recruitment, staffing, payroll, and background screening services. | radixgroups.com |
Financials of Radix HR Solutions Private Limited
FY 2024 filings availableRadix HR Solutions Private Limited reported revenue of ₹117.82 Cr (up 8% YoY) for FY 2023.
Revenue · FY 2023
₹117.82 Cr ▲ 8%
Net profit · FY 2023
₹5.27 Lakh margin 0%
EBITDA · FY 2023
₹95.74 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 16%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 21%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 8% growth in the latest year. EBITDA fell 30% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹117.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹95.74 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.27 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 Radix HR Solutions Private Limited, buy the company report.
Board of directors of Radix HR Solutions Private Limited
Radix HR 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 |
|---|---|---|---|---|
| Mamatha | Director | 02 Nov 2021 | 4 Years 11 Months | Current |
| Saroja Ravikumar | Director | 02 Nov 2021 | 4 Years 11 Months | Current |
| Ravi Kumar Jyothi Also directs: Raxitha Logistics and Warehousing Private Limited | Director | 02 Nov 2021 | 4 Years 11 Months | Current |
| Raghu Narayanappa | Director | 26 Oct 2010 | 16 Years 0 Months | Current |
Auditor
Radix HR Solutions Private Limited is audited by Sudeep Shetty & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudeep Shetty & Co. | FY 2023 | 014363S |
Shareholding
The shareholding of Radix HR Solutions 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 Radix HR Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.08 Cr
Satisfied charges
₹1.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2023 | 100902133 | Hdfc Bank Limited | ₹1.08 Cr | Open | |
| 18 May 2022 | 100581125 | Others | ₹10 Cr | Open | |
| 28 Apr 2022 | 100581123 | Others | ₹2 Cr | Open | |
| 22 Mar 2019 | 100277104 | Others | ₹1.88 Cr | Satisfied |
To see the full charge records of Radix HR Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Radix HR Solutions Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by DHL Ecommerce (India)Llp | Pending |
| District court, BAGALKOT, Karnataka | Execution petition | Filed against the company by individuals | Disposed |
| District court, BAGALKOT, Karnataka | Court case (ECA) | Filed against the company by individuals | Disposed |
To see the full case history of Radix HR Solutions 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 Radix HR Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Radix HR Solutions Private Limited has a workforce of 4,326 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
4,326
Active EPFO establishments
1
Employee growth
-5.07%
GST
Radix HR Solutions has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCR1821C1ZP | Karnataka | Active | 01 Jul 2017 |
| 33AAFCR1821C1Z0 | Tamil Nadu | Active | 22 Dec 2017 |
| 36AAFCR1821C1ZU | Telangana | Active | 28 Aug 2018 |
| 27AAFCR1821C1ZT | Maharashtra | Active | 21 Dec 2018 |
To see the full GST registrations and return filing status of Radix HR Solutions Private Limited, buy the company report.
Recent activity
Radix HR Solutions Private Limited has 8 board changes on record since 2010: 4 appointments and 4 cessations. The latest: Mahesh Krishna Murthy ceased to be Additional Director on 21 May 2024.
Charges
A charge with Others of Rs. 1,000.00 Lakh registered on 18 May 2022 with Charge ID 100581125 was modified on 04 Oct 2024.
AGM
Radix Hr Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Mahesh Krishna Murthy ceased to be Additional Director.
Filing
Radix Hr Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 108.27 Lakh with Charge ID 100902133 was registered on 31 Oct 2023.
Charges
A charge with Others of Rs. 200.00 Lakh registered on 28 Apr 2022 with Charge ID 100581123 was modified on 14 Jun 2022.
Charges
A charge registered on 22 Mar 2019 via Charge ID 100277104 with Others was fully satisfied on 08 Jun 2022.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100581125 was registered on 18 May 2022.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100581123 was registered on 28 Apr 2022.
Ceased
Chandra Kumar Narayanappa ceased to be Director.
Appointed
Mamatha was appointed as Director.
Ceased
Narayanappa Ravi Kumar ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Radix HR Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 26 October 2010 (16+ years old) and is registered under CIN U74910KA2010PTC055646.
Radix HR Solutions has 4 current directors:
- Mamatha - Director
- Saroja Ravikumar - Director
- Ravi Kumar Jyothi - Director
- Raghu Narayanappa - Director
The latest financial statements of Radix HR Solutions 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 2015 are in the company report.
The GSTIN of Radix HR Solutions is 29AAFCR1821C1ZP, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 33AAFCR1821C1Z0 (Tamil Nadu), 36AAFCR1821C1ZU (Telangana), 27AAFCR1821C1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Radix HR Solutions is U74910KA2010PTC055646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radix HR Solutions has 3 court cases on record: 3 filed against it. 1 is pending. Most are in the district courts.
Radix HR Solutions was incorporated on 26 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Mahesh Krishna Murthy ceased to be Additional Director on 21 May 2024. Chandra Kumar Narayanappa ceased to be Director on 02 Nov 2021. Mamatha was appointed as Director on 02 Nov 2021. Radix HR Solutions has 8 board changes on record in total.
Yes, Radix HR Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0067716).
Radix HR Solutions can be reached through the website radixgroups.com. Its registered office is in Bangalore, Karnataka, India.