About Searce Cosourcing Service Private Limited
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Searce Cosourcing Service Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 18 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2004PTC044322. Its GSTIN is 24AAICS2159P1ZV (Gujarat). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Searce Cosourcing Services Private Limited. It is led by directors including Abhishek Jhagarawat and Hardik Mahasukhlal Parekh.
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 31 Arham Subhash Road Moti Tanki, Rajkot, Gujarat, India – 360001.
As per the financials filed for FY 2025, the company reported a revenue of ₹970.45 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹56.69 Cr (net margin 5.8%) and EBITDA of ₹96.26 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 29% over five years.
The company has about 498 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Searce. As per MCA filings, the company has open charges of ₹10.94 Cr on record. Court records list 19 cases involving the company, including 19 filed by the company; 3 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in December 2022. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website searce.com.
Company details
Contact details
Searce Cosourcing Service Private Limited's registered office is in Rajkot, Gujarat. Its website is searce.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address31 Arham Subhash Road Moti Tanki, Rajkot, Gujarat, India – 360001
- IndustryInformation Technology, Software Development & Support Services, Cloud Computing & Cloud Services
To see the full contact details of Searce Cosourcing Service Private Limited, buy the company report.
- 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
Brands
Searce Cosourcing Service operates one associated brand: Searce. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers cloud, AI, and data analytics solutions for business transformation. | searce.com |
Business activity
The main business activity of Searce Cosourcing Service 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 Searce Cosourcing Service Private Limited, buy the company report.
Financials of Searce Cosourcing Service Private Limited
FY 2024 filings availableSearce Cosourcing Service Private Limited reported revenue of ₹970.45 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 8% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹96.26 Cr | ||||
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| Net Profit (PAT) | ₹56.69 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 5.8% | ||||
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To see the full financial statements and ratios of Searce Cosourcing Service Private Limited, buy the company report.
Board of directors of Searce Cosourcing Service Private Limited
Searce Cosourcing Service has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Jhagarawat Also directs: Feecounter Online Services Private Limited, Consularis Technology Solutions Private Limited, Shivoham Resorts LLP and 1 more | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Hardik Mahasukhlal Parekh Also directs: Ergodot Worklife Designs LLP, Searce Logistics Analytics LLP, Green Circle Realty LLP and 4 more | Director | 19 Jun 2004 | 22 Years 4 Months | Current |
| Amee Mahasukhlal Parekh Also directs: Ergodot Worklife Designs LLP, Searce India Private Limited | Director | 27 Jul 2022 | 4 Years 2 Months | Current |
| Pradeep Pavithran | Director | 01 Aug 2012 | 14 Years 2 Months | Current |
| Ami Hardik Parekh | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Samir Arvindkumar Dadia | Additional Director | 03 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Searce Cosourcing Service Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Searce Cosourcing Service 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 Searce Cosourcing Service Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2013 | 10470478 | Citibank N. A. | ₹4 Cr | Open | |
| 05 Aug 2011 | 10307299 | Citi Bank N.A. | ₹6.04 Cr | Open | |
| 30 Jul 2009 | 10168020 | Citibank N. A. | ₹90 Lakh | Open |
To see the full charge records of Searce Cosourcing Service Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Searce Cosourcing Service Private Limited has 6 deals on record (6 secondary share transfers); the latest was in December 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Anekant India Trust Seller: an individual |
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Searce Cosourcing Service Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Searce Cosourcing Service Private Limited has 19 court cases on record: 19 filed by Searce Cosourcing Service. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 0 | 3 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Financial Software and Systems Pvt Ltd and Anr | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Colife Advisory Private Limited and Anr | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Junction of Tyres Private Limited and Anr | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Intello Labs Private Limited and Ors. | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Hypd Marketing Technologies Private Limited and Anr | Disposed |
To see the full case history of Searce Cosourcing Service 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
Searce Cosourcing Service Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Irenes Coffee Company Private Limited | |||
| Bioenable Technologies Private Limited |
To see the full MSME payment records of Searce Cosourcing Service Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Searce Cosourcing Service has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Consularis Technology Solutions Private Limited | U72900MH2004PTC145001 |
To see the full group structure of Searce Cosourcing Service Private Limited, buy the company report.
Employees & EPFO
Searce Cosourcing Service Private Limited has a workforce of 498 employees on its EPFO records as of Aug 05, 2025, across 1 active EPFO establishment.
GST
Searce Cosourcing Service has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICS2159P1ZV | Gujarat | Active | 01 Jul 2017 |
| 24AAICS2159P2ZU | Gujarat | Active | 18 Mar 2025 |
| 27AAICS2159P1ZP | Maharashtra | Active | 01 Jul 2017 |
| 29AAICS2159P1ZL | Karnataka | Active | 10 Sep 2018 |
To see the full GST registrations and return filing status of Searce Cosourcing Service Private Limited, buy the company report.
Recent activity
Searce Cosourcing Service Private Limited has 14 board changes on record since 2004: 6 appointments and 8 cessations. The latest: Samir Arvindkumar Dadia was appointed as Additional Director on 03 Nov 2025.
10 earlier events are in the company report.
News
Frequently asked questions
Searce Cosourcing Service is an active private limited company based in Rajkot, Gujarat, India. The company works in software development and support services, within the information technology industry. It was incorporated on 18 June 2004 (22+ years old) and is registered under CIN U72900GJ2004PTC044322.
Searce Cosourcing Service has 6 current directors:
- Abhishek Jhagarawat - Director
- Hardik Mahasukhlal Parekh - Director
- Amee Mahasukhlal Parekh - Director
- Pradeep Pavithran - Director
- Ami Hardik Parekh - Director
- Samir Arvindkumar Dadia - Additional Director
The latest financial statements of Searce Cosourcing Service 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 Searce Cosourcing Service is 24AAICS2159P1ZV, registered in Gujarat. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 24AAICS2159P2ZU (Gujarat), 27AAICS2159P1ZP (Maharashtra), 29AAICS2159P1ZL (Karnataka).
The CIN (Corporate Identification Number) of Searce Cosourcing Service is U72900GJ2004PTC044322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Searce Cosourcing Service has 19 court cases on record: 19 filed by the company. 3 are pending.
Searce Cosourcing Service was incorporated on 18 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Searce Cosourcing Service has 6 deals on record (6 secondary share transfers); the latest was in December 2022.
Samir Arvindkumar Dadia was appointed as Additional Director on 03 Nov 2025. Amee Mahasukhlal Parekh ceased to be Additional Director on 15 Dec 2022. Amee Mahasukhlal Parekh was appointed as Director on 27 Jul 2022. Searce Cosourcing Service has 14 board changes on record in total.
Searce Cosourcing Service has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 May 2019.
Searce Cosourcing Service can be reached through the website searce.com. Its registered office is in Rajkot, Gujarat, India.