MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-13-0020786
Safe Hands 24X7 Services Private Limited - business services in Hubli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹2.9 Cr
▼ 19% YoY
Net profit · FY 2020
₹11.87 Lakh
Net margin 4.1%
EBITDA · FY 2020
₹30.81 Lakh
EBITDA margin 10.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹60 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
11
Provident fund records
About Safe Hands 24X7 Services Private Limited
Data last updated:
Safe Hands 24X7 Services Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the facility management segment of the business services sector. It was incorporated on 05 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2016PTC085888. Its GSTIN is 29AAWCS9096D1ZE (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sreenivasrao Sunkanna Rachipudi and Mahalingappa Ramappa Kannammanavar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Maruti Krupa 1st Floor 2nd Cross Lokappan Hakkal Road Vidyanagar, Hubli, Karnataka, India – 580021.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.9 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹11.87 Lakh (net margin 4.1%) and EBITDA of ₹30.81 Lakh (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 373% over three years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Safe Hands 24x7. As per MCA filings, the company has open charges of ₹60 Lakh on record. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2019.
Safe Hands 24X7 Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0020786). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website safehands24x7.com.
Company details
CIN U74900KA2016PTC085888
Registration Number 085888
Incorporation Date 05 February 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-13-0020786
Key People
Sreenivasrao Sunkanna Rachipudi Director Mahalingappa Ramappa Kannammanavar Director Subash Vinayak Pawar Director Recognitions & Rankings of Safe Hands 24X7 Services
Contact details
Safe Hands 24X7 Services Private Limited's registered office is in Hubli, Karnataka. Its website is safehands24x7.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMaruti Krupa 1st Floor 2nd Cross Lokappan Hakkal Road Vidyanagar, Hubli, Karnataka, India – 580021
- IndustryBusiness Services, Facility Management, Security & Surveillance
To see the full contact details of Safe Hands 24X7 Services Private Limited, buy the company report.
Comprehensive company report
Safe Hands 24X7 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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Secure checkout · GST invoice included
Brands
Safe Hands 24X7 Services operates one associated brand: Safe Hands 24x7. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Security services are provided around the clock in India. | safehands24x7.com |
Business activity
The main business activity of Safe Hands 24X7 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 Safe Hands 24X7 Services Private Limited, buy the company report.
Financials of Safe Hands 24X7 Services Private Limited
FY 2020 filings availableSafe Hands 24X7 Services Private Limited reported revenue of ₹2.9 Cr (down 19% YoY) for FY 2020.
Revenue · FY 2020
₹2.9 Cr ▼ 19%
Net profit · FY 2020
₹11.87 Lakh margin 4.1%
EBITDA · FY 2020
₹30.81 Lakh margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 373%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 973%
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 373%. EBITDA fell 7% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.9 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹30.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.87 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 4.1% | ||||
| 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 | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Safe Hands 24X7 Services Private Limited, buy the company report.
Board of directors of Safe Hands 24X7 Services Private Limited
Safe Hands 24X7 Services has 4 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 |
|---|---|---|---|---|
| Sreenivasrao Sunkanna Rachipudi Also directs: Satvik Building Management Services Private Limited | Director | 15 Apr 2019 | 7 Years 6 Months | Current |
| Mahalingappa Ramappa Kannammanavar | Director | 05 Feb 2016 | 10 Years 8 Months | Current |
| Subash Vinayak Pawar Also directs: Satvik Building Management Services Private Limited | Director | 05 Feb 2016 | 10 Years 8 Months | Current |
| Shravani Subash Pawar | Director | 05 Feb 2016 | 10 Years 8 Months | Current |
Auditor
Safe Hands 24X7 Services Private Limited is audited by CHANDAN PAI ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDAN PAI ASSOCIATES | FY 2019 | 007634S |
Shareholding
The shareholding of Safe Hands 24X7 Services Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Safe Hands 24X7 Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2018 | 100227540 | State Bank of India | ₹60 Lakh | Open |
To see the full charge records of Safe Hands 24X7 Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Safe Hands 24X7 Services Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2019.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Sandbox Startups Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Safe Hands 24X7 Services Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Fortune Credit Capital Limited | Disposed |
To see the full case history of Safe Hands 24X7 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 Safe Hands 24X7 Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Safe Hands 24X7 Services Private Limited has a workforce of 11 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-73.81%
GST
Safe Hands 24X7 Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAWCS9096D1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Safe Hands 24X7 Services Private Limited, buy the company report.
Recent activity
Safe Hands 24X7 Services Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Sreenivasrao Sunkanna Rachipudi ceased to be Additional Director on 30 Sep 2019.
AGM
Safe Hands 24X7 Services Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 60.00 Lakh registered on 31 Dec 2018 with Charge ID 100227540 was modified on 26 Jun 2020.
Filing
Safe Hands 24X7 Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Bangalore.
Ceased
Sreenivasrao Sunkanna Rachipudi ceased to be Additional Director.
Appointed
Sreenivasrao Sunkanna Rachipudi was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 60.00 Lakh with Charge ID 100227540 was registered on 31 Dec 2018.
Ceased
Naveen Udaichand Jha ceased to be Director.
Appointed
Mahalingappa Ramappa Kannammanavar was appointed as Director.
Appointed
Shravani Subash Pawar was appointed as Director.
Appointed
Subash Vinayak Pawar was appointed as Director.
Incorporation
05 Feb 2016
Safe Hands 24X7 Services Private Limited was registered on 05 Feb 2016 with Roc Bangalore & aged 10 years 8 months as per MCA records.
Frequently asked questions
Safe Hands 24X7 Services is an active private limited company based in Hubli, Karnataka, India. The company works in facility management, within the business services industry. It was incorporated on 05 February 2016 (10+ years old) and is registered under CIN U74900KA2016PTC085888.
Safe Hands 24X7 Services has 4 current directors:
- Sreenivasrao Sunkanna Rachipudi - Director
- Mahalingappa Ramappa Kannammanavar - Director
- Subash Vinayak Pawar - Director
- Shravani Subash Pawar - Director
The latest financial statements of Safe Hands 24X7 Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Safe Hands 24X7 Services is 29AAWCS9096D1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Safe Hands 24X7 Services is U74900KA2016PTC085888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safe Hands 24X7 Services has 1 court case on record: 1 filed against it.
Safe Hands 24X7 Services was incorporated on 05 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Safe Hands 24X7 Services has 2 deals on record (2 secondary share transfers); the latest was in March 2019.
Sreenivasrao Sunkanna Rachipudi ceased to be Additional Director on 30 Sep 2019. Sreenivasrao Sunkanna Rachipudi was appointed as Director on 15 Apr 2019. Naveen Udaichand Jha ceased to be Director on 01 Jun 2018. Safe Hands 24X7 Services has 6 board changes on record in total.
Yes, Safe Hands 24X7 Services is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-13-0020786).