Searce Cosourcing Service Private Limited - Company Profile

It is a information technology private limited company based in Rajkot, Gujarat, India, established in 2004.

2004 Rajkot, Gujarat, India Active

Last Updated: January 06, 2026

About Searce Cosourcing Service Private Limited

Searce Cosourcing Service Private Limited, a active private limited company, was established on 18 June 2004 in Rajkot, Gujarat, India. Engaging in software development & support services within the support service to organizations sector, it holds CIN: U72900GJ2004PTC044322. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹1.00 Cr.

Formerly known as Searce Cosourcing Services Private Limited. It upholds a compliant status. Employing 498 professional, Its leadership includes Abhishek Jhagarawat (Director), Hardik Mahasukhlal Parekh (Director), Amee Mahasukhlal Parekh (Director). Past directors included Meena Mahasukhlal Parekh, Abhishek Jhagarawat, Nandini Karia Dinendra. It holds ₹10.94 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 31, Arham, Subhash Road, Moti Tanki,, Rajkot, Gujarat, 360001.

Company Details

CIN/LLPIN
U72900GJ2004PTC044322
Registration Number
044322
Incorporation Date
18 June 2004
Authorized Capital
₹1.00 Cr
Paid-Up Capital
₹1.00 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.00 Cr as on 06-01-2026
Paid Up Capital ₹ 1.00 Cr as on 06-01-2026
Company Age 21 Year, 8 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 10.94 Cr as on 06-01-2026
Revenue Growth **** 72.77% (FY 2023)
Profit Growth **** 113.50% (FY 2023)
Ebitda **** 458.62% (FY 2023)
Net Worth 45.00% (FY 2023)
Total Assets **** 60.08% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Searce Cosourcing Service Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Searce Cosourcing Service Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Abhishek Jhagarawat	Director	20 Jun 2019	Current
Hardik Mahasukhlal Parekh	Director	19 Jun 2004	Current
Amee Mahasukhlal Parekh	Director	27 Jul 2022	Current
Pradeep Pavithran	Director	01 Aug 2012	Current
Ami Hardik Parekh	Director	20 Jun 2019	Current
Samir Arvindkumar Dadia	Additional Director	03 Nov 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	16 Jun 2019	Past
Pramod Abcsdd	Additional Director	30 Sep 2019	Past
Pramod Abcsdd	Director	07 Dec 2007	Past
Pramod Abcsdd	Director	07 Dec 2007	Past
Pramod Abcsdd	Additional Director	15 Dec 2022	Past
Pramod Abcsdd	Additional Director	28 Sep 2012	Past

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Financial Performance of Searce Cosourcing Service.

Searce Cosourcing Service Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 72.77% increase. The company also saw a substantial improvement in profitability, with a 113.5% increase in profit. The company's net worth Soared by an impressive increase of 45%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

72.77%

*******

Revenue from Operations

*******

94.61%

*******

Total Assets

*******

60.08%

*******

Profit or Loss

*******

113.50%

*******

Net Worth

*******

45.00%

*******

EBITDA

*******

458.62%

*******

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What is the Ownership and Shareholding Structure of Searce Cosourcing Service?

In 2023, Searce Cosourcing Service had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹109,380,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Citi Bank N.A. : 6.04 Cr
Citibank N. A. : 4.90 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 Nov 2013	Citibank N. A.	₹4.00 Cr	Open
05 Aug 2011	Citi Bank N.A.	₹6.04 Cr	Open
30 Jul 2009	Citibank N. A.	₹9.00 M	Open

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How Many Employees Work at Searce Cosourcing Service?

Searce Cosourcing Service has a workforce of 498 employees as of Aug 05, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Searce Cosourcing Service, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Searce Cosourcing Service's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Searce Cosourcing Service

Recent Activity within the Organization

Director Appointment

Progress on Samir Arvindkumar Dadia was appointed as a Additional Director was appointed as a Additional Director on 03 Nov 2025 & has been associated with this company since 4 months 7 days . was documented.
03 Nov 2025
Annual General Meeting

The activity Searce Cosourcing Service Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Balance Sheet

Searce Cosourcing Service Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2024
Director Appointment

Progress on Amee Mahasukhlal Parekh was appointed as a Director was appointed as a Director on 27 Jul 2022 & has been associated with this company since 3 years 7 months . was documented.
27 Jul 2022
Director Appointment

Progress on Abhishek Jhagarawat was appointed as a Director was appointed as a Director on 20 Jun 2019 & has been associated with this company since 6 years 8 months . was documented.
20 Jun 2019
Director Appointment

Ami Hardik Parekh was appointed as a Director was appointed as a Director on 20 Jun 2019 & has been associated with this company since 6 years 8 months . was recorded as a recent event.
20 Jun 2019

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