MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0032442
Search Advisers Services Private Limited - business outsourcing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.89 Cr
▼ 29% YoY
Net profit · FY 2024
₹3.09 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹14.25 Lakh
EBITDA margin 7.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹87 Lakh
Secured borrowings
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings
About Search Advisers Services Private Limited
Data last updated:
Search Advisers Services Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 04 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2003PTC042095. Its GSTIN is 24AAHCS8826L1ZU (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Search Advisers Services(Guj) Private Limited. It is led by directors Siddharth Yogendra Ayare (Whole-Time Director) and Chandrika Siddharth Ayare.
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 63 – Durga Nagar Behind Tube Company Old Padra Road, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.89 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹3.09 Lakh (net margin 1.6%) and EBITDA of ₹14.25 Lakh (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹87 Lakh on record.
Search Advisers Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0032442). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website searchends.com.
Company details
CIN U74140GJ2003PTC042095
Registration Number 042095
Incorporation Date 04 March 2003
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0032442
Recognitions & Rankings of Search Advisers Services
Contact details
Search Advisers Services Private Limited's registered office is in Vadodara, Gujarat. Its website is searchends.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address63 – Durga Nagar Behind Tube Company Old Padra Road, Vadodara, Gujarat, India – 390020
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Search Advisers Services Private Limited, buy the company report.
Comprehensive company report
Search Advisers 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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Business activity
The main business activity of Search Advisers Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Search Advisers Services Private Limited, buy the company report.
Financials of Search Advisers Services Private Limited
FY 2025 filings availableSearch Advisers Services Private Limited reported revenue of ₹1.89 Cr (down 29% YoY) for FY 2024.
Revenue · FY 2024
₹1.89 Cr ▼ 29%
Net profit · FY 2024
₹3.09 Lakh margin 1.6%
EBITDA · FY 2024
₹14.25 Lakh margin 7.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 87%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 71%
3 years · compounded
▲ 64%
5 years · compounded
▲ 4%
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 71% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹14.25 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹3.09 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.5% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Search Advisers Services Private Limited, buy the company report.
Board of directors of Search Advisers Services Private Limited
Search Advisers Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Yogendra Ayare | Whole-Time Director | 01 Apr 2006 | 20 Years 7 Months | Current |
| Chandrika Siddharth Ayare Also directs: Searchends Peoplesoft Private Limited, Searchends Ventures Private Limited, Manvendra Foundation and 1 more | Director | 18 Apr 2018 | 8 Years 6 Months | Current |
Auditor
Search Advisers Services Private Limited is audited by K. A. SHAH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. A. SHAH & CO. | FY 2022 | 109625W |
Shareholding
The shareholding of Search Advisers Services 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 Search Advisers Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹87 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2023 | 100757443 | Canara Bank | ₹8.7 Lakh | Open | |
| 21 Jun 2023 | 100740690 | Canara Bank | ₹68 Lakh | Open | |
| 20 May 2017 | 100102849 | Others | ₹10.3 Lakh | Open |
To see the full charge records of Search Advisers Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Search Advisers Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Search Advisers Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Search Advisers Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS8826L1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Search Advisers Services Private Limited, buy the company report.
Recent activity
Search Advisers Services Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Anjali Yogendra Ayare ceased to be Whole-Time Director on 03 Aug 2020.
AGM
Search Advisers Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 68.00 Lakh registered on 21 Jun 2023 with Charge ID 100740690 was modified on 22 Sep 2025.
Filing
Search Advisers Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Canara Bank amounted to Rs. 8.70 Lakh with Charge ID 100757443 was registered on 04 Aug 2023.
Charges
A charge with Canara Bank amounted to Rs. 68.00 Lakh with Charge ID 100740690 was registered on 21 Jun 2023.
Charges
A charge with Others of Rs. 10.30 Lakh registered on 20 May 2017 with Charge ID 100102849 was modified on 10 Sep 2020.
Ceased
Anjali Yogendra Ayare ceased to be Whole-Time Director.
Ceased
Chandrika Siddharth Ayare ceased to be Additional Director.
Appointed
Chandrika Siddharth Ayare was appointed as Director.
Charges
A charge with Others amounted to Rs. 10.30 Lakh with Charge ID 100102849 was registered on 20 May 2017.
Ceased
Siddharth Yogendra Ayare ceased to be Director.
Appointed
Siddharth Yogendra Ayare was appointed as Whole-Time Director.
1 earlier event is in the company report.
Frequently asked questions
Search Advisers Services is an active private limited company based in Vadodara, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 04 March 2003 (23+ years old) and is registered under CIN U74140GJ2003PTC042095.
Search Advisers Services has 2 current directors:
- Siddharth Yogendra Ayare - Whole-Time Director
- Chandrika Siddharth Ayare - Director
The latest financial statements of Search Advisers Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Search Advisers Services is 24AAHCS8826L1ZU, registered in Gujarat.
The CIN (Corporate Identification Number) of Search Advisers Services is U74140GJ2003PTC042095. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Search Advisers Services was incorporated on 04 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Anjali Yogendra Ayare ceased to be Whole-Time Director on 03 Aug 2020. Chandrika Siddharth Ayare ceased to be Additional Director on 30 Sep 2018. Chandrika Siddharth Ayare was appointed as Director on 18 Apr 2018. Search Advisers Services has 5 board changes on record in total.
Yes, Search Advisers Services is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0032442).
Search Advisers Services can be reached through the website searchends.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Search Advisers Services is at 63 – Durga Nagar Behind Tube Company Old Padra Road, Vadodara, Gujarat, India – 390020.
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