SGS Peoplesource Private Limited
About SGS Peoplesource Private Limited
Data last updated:
SGS Peoplesource Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 04 December 2012.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2012PTC067017. Its GSTIN is 29AASCS8065L2Z9 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Ramakrishna Somashankar Hadapad and Raghavendra S Hadapad.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #100/1 – 1 Suraj Manor First Floor Bull Temple Road Basavanagudi, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2023, the company reported a revenue of ₹62.75 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹59.12 Lakh (net margin 94.2%) and EBITDA of ₹61.14 Lakh (EBITDA margin 97.4%). Revenue has grown at a compounded annual rate (CAGR) of 470% over three years and 325% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹45 Lakh on record.
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- Registered Address#100/1 – 1 Suraj Manor First Floor Bull Temple Road Basavanagudi, Bangalore, Karnataka, India – 560004
- 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 SGS Peoplesource Private Limited
The main business activity of SGS Peoplesource 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 SGS Peoplesource Private Limited FY 2023 filings available
SGS Peoplesource Private Limited reported revenue of ₹62.75 Lakh (up 221% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of SGS Peoplesource Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 325% over five years, including 221% growth in the latest year. EBITDA rose 228% 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 SGS Peoplesource Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹62.75 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹61.14 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹59.12 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 SGS Peoplesource Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 97.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 94.2% | •••• | •••• | •••• | •••• |
| 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 SGS Peoplesource are in the company report.
Financial statements from 2015
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 SGS Peoplesource Private Limited
SGS Peoplesource Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Labourin Solutions Private Limited | ₹62.95 Lakh (FY 2024) | •••• | •••• | 20.0% | •••• | Gurgaon, Haryana, India |
| Integral Facilities Solutions Private Limited | ₹62.91 Lakh (FY 2021) | •••• | •••• | -32.0% | •••• | Bangalore, Karnataka, India |
| Saboo E-Solutions Private Limited | ₹62.86 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Apollo Property Management Services Private Limited | ₹62.84 Lakh (FY 2025) | •••• | •••• | 947.0% | •••• | Indore, Madhya Pradesh, India |
| Sunshine Workforce Solutions Private Limited | ₹62.81 Lakh (FY 2025) | •••• | •••• | -35.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| SGS Peoplesource Private Limited this company | ₹62.75 Lakh (FY 2023) | •••• | •••• | 221.0% | •••• | Bangalore, Karnataka, India |
| Thinkcampus Private Limited | ₹62.75 Lakh (FY 2019) | •••• | •••• | •••• | Nellore, Andhra Pradesh, India | |
| Eaglewood Human Resources Private Limited | ₹62.73 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Delhi, India |
| Iis Integrated & Management Services Private Limited | ₹62.7 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Fast Career Consultants Private Limited | ₹62.67 Lakh (FY 2025) | •••• | •••• | -55.0% | •••• | Indore, Madhya Pradesh, India |
| Alfamax Packaging Solutions Private Limited | ₹62.57 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below SGS Peoplesource by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of SGS Peoplesource Private Limited
SGS Peoplesource Private Limited is audited by P P B N & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P P B N & Co | 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 SGS Peoplesource Private Limited
SGS Peoplesource has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramakrishna Somashankar Hadapad | Director | 13 Mar 2024 | 2 Years 7 Months | Current |
| Raghavendra S Hadapad | Director | 13 Mar 2024 | 2 Years 7 Months | Current |
Ownership and Shareholding of SGS Peoplesource 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 SGS Peoplesource Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Dec 2015 | Syndicate Bank | ₹35 Lakh | Satisfied |
| 19 May 2015 | Syndicate Bank | ₹10 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at SGS Peoplesource Private Limited
Employment history and EPFO contributions of people linked to SGS Peoplesource.
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 SGS Peoplesource Private Limited
SGS Peoplesource Private Limited has 4 board changes on record since 2024: 2 appointments and 2 cessations. The latest: Sanjay G Lingadalli ceased to be Director on 15 Mar 2024.
Credit Ratings, Litigation & Regulatory Alerts for SGS Peoplesource 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 SGS Peoplesource 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 SGS Peoplesource 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 SGS Peoplesource Private Limited
SGS Peoplesource has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCS8065L2Z9 | Karnataka | Active | 24 May 2023 |
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 SGS Peoplesource 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 SGS Peoplesource Private Limited
SGS Peoplesource is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
SGS Peoplesource is a company pending strike off, currently registered as a private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 04 December 2012 and is registered under CIN U74900KA2012PTC067017. The company may be struck off soon - caution is advised.
The compliance status of SGS Peoplesource is compliant as of 11 September 2026.
SGS Peoplesource has 2 current directors:
- Ramakrishna Somashankar Hadapad - Director
- Raghavendra S Hadapad - Director
The CIN (Corporate Identification Number) of SGS Peoplesource is U74900KA2012PTC067017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SGS Peoplesource was incorporated on 04 December 2012. It is registered with the Registrar of Companies, Bangalore.
The registered office of SGS Peoplesource is at #1001 – 1 Suraj Manor First Floor Bull Temple Road Basavanagudi, Bangalore, Karnataka, India – 560004.
SGS Peoplesource reported revenue of ₹62.75 Lakh for FY 2023 (up 221% YoY).
SGS Peoplesource has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.
SGS Peoplesource reported a net profit of ₹59.12 Lakh (net margin 94.2%) and EBITDA of ₹61.14 Lakh (EBITDA margin 97.4%) for FY 2023, as per its filed financial statements.
The GSTIN of SGS Peoplesource is 29AASCS8065L2Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.