About Shifastar Technologies Private Limited
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Shifastar Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 19 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2009PTC190437. Its GSTIN is 27AAMCS8380G1ZT (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Abdul Sattar Abdul Gaffar Shaikh and Heena Dani Dhiren.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at C – 609 Floral Deck Plaza M.I.D.C. Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.57 Lakh, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹1.53 Lakh (net margin -33.6%) and EBITDA of -₹83,118 (EBITDA margin -18.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 16% over five years.
The company is associated with 1 brand: Shifastar.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shifastar.com.
Company details
Contact details
Shifastar Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is shifastar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressC – 609 Floral Deck Plaza M.I.D.C. Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Shifastar Technologies 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
Shifastar Technologies operates one associated brand: Shifastar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT and non-IT placement services, including staffing and corporate training. | shifastar.com |
Business activity
The main business activity of Shifastar Technologies 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 Shifastar Technologies Private Limited, buy the company report.
Financials of Shifastar Technologies Private Limited
FY 2022 filings availableShifastar Technologies Private Limited reported revenue of ₹4.57 Lakh (up 66% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 66% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 87% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
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| Total Revenue | ₹4.57 Lakh | ||||
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| EBITDA | -₹83,118 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.2% | ||||
| Net Profit Margin | -33.6% | ||||
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To see the full financial statements and ratios of Shifastar Technologies Private Limited, buy the company report.
Board of directors of Shifastar Technologies Private Limited
Shifastar Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Sattar Abdul Gaffar Shaikh | Director | 19 Feb 2009 | 17 Years 8 Months | Current |
| Heena Dani Dhiren | Director | 19 Feb 2009 | 17 Years 8 Months | Current |
| Sana Sattar Shaikh | Director | 19 Feb 2009 | 17 Years 8 Months | Current |
Peer comparison
Shifastar Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Profimount Consultants Private Limited | ₹4.59 Lakh (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Pay Source Business Solutions Private Limited | ₹4.58 Lakh (FY 2025) | 37.0% | Pune, Maharashtra, India | |||
| Shifastar Technologies Private Limitedthis company | ₹4.57 Lakh (FY 2022) | -₹1.53 Lakh | -33.6% | 66.0% | Mumbai, Maharashtra, India | |
| Adecco Secure Solutions Services Private Limited | ₹4.56 Lakh (FY 2021) | -90.0% | Delhi, India |
To see the full peer comparison of Shifastar Technologies Private Limited, buy the company report.
Auditor
Shifastar Technologies Private Limited is audited by A B DOTIYA & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A B DOTIYA & COMPANY | FY 2022 | 135371W |
Shareholding
The shareholding of Shifastar Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shifastar Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Shifastar Technologies 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 Shifastar Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shifastar Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS8380G1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shifastar Technologies Private Limited, buy the company report.
Recent activity
Shifastar Technologies Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Heena Dani Dhiren ceased to be Whole-Time Director on 12 Dec 2017.
Frequently asked questions
Shifastar Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 19 February 2009 (17+ years old) and is registered under CIN U72900MH2009PTC190437.
Shifastar Technologies has 3 current directors:
- Abdul Sattar Abdul Gaffar Shaikh - Director
- Heena Dani Dhiren - Director
- Sana Sattar Shaikh - Director
The latest financial statements of Shifastar Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Shifastar Technologies is 27AAMCS8380G1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shifastar Technologies is U72900MH2009PTC190437. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shifastar Technologies was incorporated on 19 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Shifastar Technologies by revenue are Profimount Consultants Private Limited, Pay Source Business Solutions Private Limited, Adecco Secure Solutions Services Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Heena Dani Dhiren ceased to be Whole-Time Director on 12 Dec 2017. Abdul Sattar Abdul Gaffar Shaikh was appointed as Director on 19 Feb 2009. Heena Dani Dhiren was appointed as Director on 19 Feb 2009. Shifastar Technologies has 4 board changes on record in total.
Shifastar Technologies can be reached through the website shifastar.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Shifastar Technologies is at C – 609 Floral Deck Plaza M.I.D.C. Andheri East, Mumbai, Maharashtra, India – 400093.
Shifastar Technologies operates in the business outsourcing industry, in the HR outsourcing and talent management segment.