About Req Solutions Private Limited
Data last updated:
Req Solutions Private Limited is a private limited company based in Ahmadabad City, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 23 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PTC093867. Its GSTIN is 24AAHCR9606H1Z8 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kishankumar Arvindbhai Panchal and Dhruv Harshadbhai Panchal.
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 Ahmadabad City, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.72 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹54.01 Lakh (net margin 9.4%) and EBITDA of ₹57.61 Lakh (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 45% over five years.
The company is associated with 1 brand: REQ Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website req-solutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1217 – 1218 12th Floor Iconic Shyamal, Nr. Shyamal Cross Road Satellite, Ahmadabad City, Gujarat, India – 380015
- 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 Req Solutions Private Limited
The main business activity of Req Solutions 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 Req Solutions Private Limited FY 2024 filings available
Req Solutions Private Limited reported revenue of ₹5.72 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Req Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 27% growth in the latest year. EBITDA rose 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 of Req Solutions Private 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 | ₹57.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54.01 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 Req Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.4% | •••• | •••• | •••• | •••• |
| 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 Req Solutions are in the company report.
Financial statements from FY 2017
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 Req Solutions Private Limited
Req Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Growel Softech Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Sadashiva Financial Services Holdings Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Digital Ecom Techno Private Limited | •••• | •••• | •••• | •••• | 11 | Bangalore, Karnataka, India |
| SVK Global Solutions Private Limited | •••• | •••• | •••• | •••• | 40 | Hyderabad, Telangana, India |
| Agm Infra Solutions Private Limited | •••• | •••• | •••• | •••• | 19 | Hyderabad, Telangana, India |
| Req Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Ashtavinayak Assessment and Business Consultants Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Raizan Industries Private Limited | •••• | •••• | •••• | •••• | 14 | Pune, Maharashtra, India |
| Kardex Facilities Services Private Limited | •••• | •••• | •••• | •••• | 229 | Hyderabad, Telangana, India |
| Tanishsuraksha Agency Private Limited | •••• | •••• | •••• | •••• | - | Jabalpur, Madhya Pradesh, India |
| Krishna Vidyut and Infra Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Req Solutions by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Req Solutions Private Limited
Req Solutions Private Limited is audited by SIDDHARTH MODI & ASSOICATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SIDDHARTH MODI & ASSOICATES | 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 Req Solutions Private Limited
Req Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishankumar Arvindbhai Panchal | Director | 22 Oct 2016 | 9 Years 11 Months | Current |
| Dhruv Harshadbhai Panchal | Director | 23 Sep 2016 | 10 Years 0 Months | Current |
| Bhavinkumar Maheshkumar Rana | Director | 23 Sep 2016 | 10 Years 0 Months | Current |
Ownership and Shareholding of Req Solutions 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 Req Solutions Private Limited
Req Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Req Solutions Private Limited
Req Solutions operates one associated brand: REQ Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive recruitment process outsourcing solutions to businesses. | req-solutions.com |
Employees and EPFO Compliance at Req Solutions Private Limited
Employment history and EPFO contributions of people linked to Req Solutions.
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 Req Solutions Private Limited
Req Solutions Private Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Kishankumar Arvindbhai Panchal ceased to be Additional Director on 30 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Req Solutions 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 Req Solutions 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 Req Solutions 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 Req Solutions Private Limited
Req Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCR9606H1Z8 | Gujarat | Active | 15 Nov 2017 |
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 Req Solutions 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 Req Solutions Private Limited
Req Solutions is an active private limited company based in Ahmadabad City, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 23 September 2016 (10+ years old) and is registered under CIN U74999GJ2016PTC093867.
Req Solutions reported revenue of ₹5.72 Cr for FY 2024 (up 27% YoY).
Req Solutions has 3 current directors:
- Kishankumar Arvindbhai Panchal - Director
- Dhruv Harshadbhai Panchal - Director
- Bhavinkumar Maheshkumar Rana - Director
Req Solutions reported a net profit of ₹54.01 Lakh (net margin 9.4%) and EBITDA of ₹57.61 Lakh (EBITDA margin 10.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Req Solutions is 82% over three years and 45% over five years. In the latest year (FY 2024) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Req Solutions is 24AAHCR9606H1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Req Solutions is U74999GJ2016PTC093867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Req Solutions was incorporated on 23 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Req Solutions by revenue are Growel Softech Private Limited, Sadashiva Financial Services Holdings Private Limited, Digital Ecom Techno Private Limited, SVK Global Solutions Private Limited, Agm Infra Solutions Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Kishankumar Arvindbhai Panchal ceased to be Additional Director on 30 Dec 2017. Kishankumar Arvindbhai Panchal was appointed as Director on 22 Oct 2016. Bhavinkumar Maheshkumar Rana was appointed as Director on 23 Sep 2016. Req Solutions has 4 board changes on record in total.
Req Solutions can be reached through the website req-solutions.com. Its registered office is in Ahmadabad City, Gujarat, India.