About Reliable First Adcon Private Limited
Data last updated:
Reliable First Adcon Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 05 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2015PTC084670. Its GSTIN is 24AAHCR4727M1Z1 (Gujarat). The company holds 6 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 Hari Om Agarwal and Abhilash Agarwal.
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 421/422 Fourth Floor Devnandan Mall Opp: Sanyas Ashram Nr. M.J. Library, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.9 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹13.5 Lakh (net margin 0.2%) and EBITDA of ₹57.53 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 25% over five years.
The company has about 3,112 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Reliable first. As per MCA filings, the company has open charges of ₹2.7 Cr on record. Court records list 14 cases involving the company, including 1 filed by the company and 13 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliablefirst.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address421/422 Fourth Floor Devnandan Mall Opp: Sanyas Ashram Nr. M.J. Library, Ahmedabad, Gujarat, India – 380006
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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
- One PDF report, delivered after checkout
Business Activity of Reliable First Adcon Private Limited
The main business activity of Reliable First Adcon is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Reliable First Adcon Private Limited FY 2025 filings available
Reliable First Adcon Private Limited reported revenue of ₹60.9 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Reliable First Adcon Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA rose 56% 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 Reliable First Adcon Private Limited
| Metrics | FY 2024-25 | 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 | ₹57.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.5 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 Reliable First Adcon Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Reliable First Adcon are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Reliable First Adcon Private Limited
Reliable First Adcon Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Renovision Automation Services Private Limited | ₹61.96 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Evonsys India Private Limited | ₹61.88 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Chennai, Tamil Nadu, India |
| Ingenious HR Solutions India Private Limited | ₹61.52 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Delhi, India |
| Wellcare Facility India Private Limited | ₹61.27 Cr (FY 2022) | •••• | •••• | 161.0% | •••• | Bangalore, Karnataka, India |
| V-Con Integrated Solutions Private Limited | ₹61.26 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Mohali, Punjab, India |
| Reliable First Adcon Private Limited this company | ₹60.9 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Ahmedabad, Gujarat, India |
| Circle Resources Private Limited | ₹60.73 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Kolkata, West Bengal, India |
| Naptune Powertech Energy Services Private Limited | ₹60.71 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Barmer, Rajasthan, India |
| SLN Corp Solutions Private Limited | ₹60.54 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Bangalore, Karnataka, India |
| Neha Construction Private Limited | ₹60.12 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Pivot Multifar Industrial Services Limited | ₹59.86 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Reliable First Adcon by revenue in the Outsourcing industry (HR Outsourcing), 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 Reliable First Adcon Private Limited
Reliable First Adcon Private Limited is audited by KOSHTI & CO for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KOSHTI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Reliable First Adcon Private Limited
Reliable First Adcon has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hari Om Agarwal | Director | 05 Oct 2015 | 11 Years 0 Months | Current |
| Abhilash Agarwal Also directs: Harlikh Global Solutions Private Limited | Director | 05 Oct 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Reliable First Adcon Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Reliable First Adcon Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jan 2022 | Others | ₹1.1 Cr | Open |
| 19 Jan 2022 | Others | ₹1.1 Cr | Open |
| 07 Mar 2017 | Others | ₹50 Lakh | Open |
Total charge records: 3 View all charges
Legal Cases of Reliable First Adcon Private Limited
Reliable First Adcon Private Limited has 14 court cases on record: 1 filed by Reliable First Adcon, 13 filed against it. 4 cases are pending and 10 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 3 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Pending |
| District court, Navsari, Gujarat | Court case (CR EN) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Reliable First Adcon Private Limited
Reliable First Adcon operates one associated brand: Reliable first. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers HR staffing, training, and outsourcing solutions to organizations. | reliablefirst.com |
Employees and EPFO Compliance at Reliable First Adcon Private Limited
Reliable First Adcon Private Limited has a workforce of 3,112 employees as of Sep 10, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Reliable First Adcon Private Limited
Reliable First Adcon Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Abhilash Agarwal was appointed as Director on 05 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts for Reliable First Adcon Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Reliable First Adcon Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Reliable First Adcon Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Reliable First Adcon Private Limited
Reliable First Adcon has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCR4727M1Z1 | Gujarat | Active | 01 Jul 2017 |
| 08AAHCR4727M1ZV | Rajasthan | Active | 12 Jul 2018 |
| 06AAHCR4727M1ZZ | Haryana | Active | 20 Sep 2021 |
| 36AAHCR4727M1ZW | Telangana | Active | 05 Sep 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Reliable First Adcon Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Reliable First Adcon Private Limited
Reliable First Adcon is an active private limited company based in Ahmedabad, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 05 October 2015 (11+ years old) and is registered under CIN U74140GJ2015PTC084670.
Reliable First Adcon reported revenue of ₹60.9 Cr for FY 2025 (down 5% YoY).
Reliable First Adcon has 2 current directors:
- Hari Om Agarwal - Director
- Abhilash Agarwal - Director
Reliable First Adcon reported a net profit of ₹13.5 Lakh (net margin 0.2%) and EBITDA of ₹57.53 Lakh (EBITDA margin 0.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Reliable First Adcon is -12% over three years and 25% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Reliable First Adcon is 24AAHCR4727M1Z1, registered in Gujarat. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 08AAHCR4727M1ZV (Rajasthan), 06AAHCR4727M1ZZ (Haryana), 36AAHCR4727M1ZW (Telangana).
The CIN (Corporate Identification Number) of Reliable First Adcon is U74140GJ2015PTC084670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliable First Adcon has 14 court cases on record: 1 filed by the company and 13 filed against it. 4 are pending. Most are in the district courts.
Reliable First Adcon was incorporated on 05 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Reliable First Adcon by revenue are Renovision Automation Services Private Limited, Evonsys India Private Limited, Ingenious HR Solutions India Private Limited, Wellcare Facility India Private Limited, V-Con Integrated Solutions Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Abhilash Agarwal was appointed as Director on 05 Oct 2015. Hari Om Agarwal was appointed as Director on 05 Oct 2015.