About Shangrila Corporate Services Private Limited
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Shangrila Corporate Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 04 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2000PTC123458. Its GSTIN is 27AAECS1428D1ZO (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.2 Cr. It was formerly known as Negolice Infotech Limited and Shonkh Negolice Infotech Private Limited. It is led by directors Jaikishan Lakhiprasad Bhagchandka and Ashish Kailashpati Kedia.
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 A/301 – 8 Crystal Plaza Newlink Rd Andheri West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹840.54 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹10.37 Cr (net margin -1.2%) and EBITDA of -₹6.95 Cr (EBITDA margin -0.8%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shangrila. As per MCA filings, the company has open charges of ₹37.83 Cr and satisfied charges of ₹30.25 Cr on record. Court records list 14 cases involving the company, including 12 filed by the company and 2 filed against it; 4 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.6 Cr; the latest was in January 2011.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website scsindia.co.in.
Company details
Name history
Shangrila Corporate Services has undergone 4 name changes throughout its history. The current legal name is Shangrila Corporate Services Private Limited.
| Company Name | Status |
|---|---|
| Shangrila Corporate Services Private Limited | Current |
| Negolice Infotech Limited | Previous |
| Shonkh Negolice Infotech Private Limited | Previous |
| Negolice Infotech Private Limited | Previous |
| Shonkh Negolice Infotech Limited | Previous |
CIN history
Shangrila Corporate Services has one previous CIN (Corporate Identification Number): U72100MH2000PTC123458. The current CIN is U74999MH2000PTC123458, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2000PTC123458 | Current |
| U72100MH2000PTC123458 | Previous |
Contact details
Shangrila Corporate Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is scsindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA/301 – 8 Crystal Plaza Newlink Rd Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Shangrila Corporate Services 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
Shangrila Corporate Services operates one associated brand: Shangrila. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Import-export consultancy services on foreign trade are provided. | scsindia.co.in |
Business activity
The main business activities of Shangrila Corporate Services are trade and financial and insurance service. In detail, this covers retail trading and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Shangrila Corporate Services Private Limited, buy the company report.
Financials of Shangrila Corporate Services Private Limited
FY 2025 filings availableShangrila Corporate Services Private Limited reported revenue of ₹840.54 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 225% 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 | -₹6.95 Cr | ||||
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| Net Profit (PAT) | -₹10.37 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.8% | ||||
| Net Profit Margin | -1.2% | ||||
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To see the full financial statements and ratios of Shangrila Corporate Services Private Limited, buy the company report.
Board of directors of Shangrila Corporate Services Private Limited
Shangrila Corporate Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaikishan Lakhiprasad Bhagchandka Also directs: Shangrila Corporate Consultants LLP, Reasoned Ventures LLP, Aesopian Enterprises LLP and 5 more | Director | 20 Dec 2007 | 18 Years 10 Months | Current |
| Ashish Kailashpati Kedia Also directs: Shangrila Corporate Consultants LLP, Aesopian Enterprises LLP, FTS India LLP and 5 more | Director | 02 Aug 2010 | 16 Years 3 Months | Current |
Auditor
Shangrila Corporate Services Private Limited is audited by SIGMAC & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SIGMAC & Co. | FY 2023 | 116351W |
Shareholding
The shareholding of Shangrila Corporate 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 Shangrila Corporate Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2023 | 100795939 | Axis Bank Limited | ₹1.83 Cr | Open | |
| 11 Feb 2023 | 100680028 | Others | ₹21 Cr | Open | |
| 03 Aug 2022 | 100600763 | Axis Bank Limited | ₹15 Cr | Open | |
| 11 Mar 2022 | 100561693 | Axis Bank Limited | ₹15 Cr | Satisfied | |
| 23 Jul 2021 | 100466232 | Others | ₹14.9 Cr | Satisfied |
To see the full charge records of Shangrila Corporate Services Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Shangrila Corporate Services Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.6 Cr; the latest was in January 2011.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2011 | Funding round | ₹1 Cr | Investors: an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: SJM Investments (Delhi) Private Limited , Black Fox Financial Private Limited , Crest Comtrade Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Jaikishan Bahgchandka HUF Seller: Swastik Marketing Private Limited, IFL Promoter Limited, SJM Investments (Delhi) Private Limited |
| Oct 2008 | Funding round | ₹10 Lakh | Investors: Swastik Marketing Private Limited, SJM Investments (Delhi) Private Limited , Blueblood Ventures Limited |
| Mar 2008 | Funding round | ₹50 Lakh | Investors: IFL Promoter Limited, SJM Investments (Delhi) Private Limited , Crest Comtrade Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shangrila Corporate Services Private Limited has 14 court cases on record: 12 filed by Shangrila Corporate Services, 2 filed against it. 4 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 0 |
| District courts | 6 | 1 | 4 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against Eli Research India Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Hinduja Global Solutions Limited | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against Tech Mahindra Limited Through C.P.Gurnani | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Beroe Consulting India Pvt Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Axtria India Private Limited | Disposed |
To see the full case history of Shangrila Corporate 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 Shangrila Corporate Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shangrila Corporate Services Private Limited has a workforce of 53 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 53 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Shangrila Corporate Services Private Limited, buy the company report.
GST
Shangrila Corporate Services has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS1428D1ZO | Maharashtra | Active | 01 Jul 2017 |
| 07AAECS1428D1ZQ | Delhi | Active | 01 Jul 2017 |
| 29AAECS1428D1ZK | Karnataka | Active | 01 Jul 2017 |
| 36AAECS1428D1ZP | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shangrila Corporate Services Private Limited, buy the company report.
Recent activity
Shangrila Corporate Services Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Binit Bhagchandka ceased to be Director on 25 Jul 2011.
9 earlier events are in the company report.
Frequently asked questions
Shangrila Corporate Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 04 January 2000 (26+ years old) and is registered under CIN U74999MH2000PTC123458.
Shangrila Corporate Services has 2 current directors:
- Jaikishan Lakhiprasad Bhagchandka - Director
- Ashish Kailashpati Kedia - Director
The latest financial statements of Shangrila Corporate 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 Shangrila Corporate Services is 27AAECS1428D1ZO, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 07AAECS1428D1ZQ (Delhi), 29AAECS1428D1ZK (Karnataka), 36AAECS1428D1ZP (Telangana).
The CIN (Corporate Identification Number) of Shangrila Corporate Services is U74999MH2000PTC123458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shangrila Corporate Services has 14 court cases on record: 12 filed by the company and 2 filed against it. 4 are pending. Most are in the high courts.
Shangrila Corporate Services was incorporated on 04 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Shangrila Corporate Services has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.6 Cr; the latest was in January 2011.
Binit Bhagchandka ceased to be Director on 25 Jul 2011. Binit Bhagchandka ceased to be Director on 25 Jul 2011. Vikash Bhagchandka ceased to be Director on 08 Nov 2010. Shangrila Corporate Services has 7 board changes on record in total.
Shangrila Corporate Services can be reached through the website scsindia.co.in. Its registered office is in Mumbai, Maharashtra, India.
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