About Source One Management Services Private Limited
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Source One Management Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005PTC036903. Its GSTIN is 29AAJCS1595A1Z9 (Karnataka). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Sanjay Anand (Managing Director) and Archana Anand (Whole-Time Director).
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 55/A First Floor Nanjappa Road Bangalorer., Karnataka, India – 560027.
As per the financials filed for FY 2025, the company reported a revenue of ₹115.56 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹5.02 Cr (net margin 4.3%) and EBITDA of ₹8.58 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 19% over five years.
The company is associated with 2 brands: Hiring Now and Source One Management Services. As per MCA filings, the company has open charges of ₹2.25 Cr and satisfied charges of ₹2.58 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msourceone.com.
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- Registered Address55/A First Floor Nanjappa Road Bangalorer., Karnataka, India – 560027
- IndustryInformation Technology, IT Consulting & Support Services
- 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 of Source One Management Services Private Limited
The main business activity of Source One Management Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | 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 Source One Management Services Private Limited FY 2025 filings available
Source One Management Services Private Limited reported revenue of ₹115.56 Cr (up 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Source One Management Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 70% growth in the latest year. EBITDA rose 529% 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 Source One Management Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.58 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.02 Cr | •••• | •••• | •••• | •••• |
| 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 Source One Management Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.3% | •••• | •••• | •••• | •••• |
| 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 Source One Management Services 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 Source One Management Services Private Limited
Source One Management Services 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 |
|---|---|---|---|---|---|---|
| Dexian India Services Private Limited | ₹117.7 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Geniehr Solutions Private Limited | ₹117.57 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Delhi, India |
| Heidrick and Struggles (India) Private Limited | ₹116.4 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Gurgaon, Haryana, India |
| Rlabs Enterprise Services Limited | ₹116.37 Cr (FY 2022) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Tirupati Recruitments Private Limited | ₹115.6 Cr (FY 2022) | •••• | •••• | 3.0% | •••• | Gurgaon, Haryana, India |
| Source One Management Services Private Limited this company | ₹115.56 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Bangalore, Karnataka, India |
| Super Shine Services Private Limited | ₹115.54 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Noida, Uttar Pradesh, India |
| Acclaris Business Solutions Private Limited | ₹115.52 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Thangam Corporate Services Private Limited | ₹114.14 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Nungambkkam, Tamil Nadu, India |
| Retrofit Technology Private Limited | ₹113.83 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Patna, Bihar, India |
| Pride Technologies Consulting (India) Private Limited | ₹113.33 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Perungudi, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Source One Management Services 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 Source One Management Services Private Limited
Source One Management Services Private Limited is audited by ASA & Associates LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASA & Associates LLP | 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 Source One Management Services Private Limited
Source One Management Services has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Archana Anand | Whole-Time Director | 05 Aug 2005 | 21 Years 2 Months | Current |
| Sanjay Anand | Managing Director | 05 Aug 2005 | 21 Years 2 Months | Current |
| Subhadra Jha | Whole-Time Director | 05 Aug 2005 | 21 Years 2 Months | Current |
| Manish Anand | Director | 16 Dec 2023 | 2 Years 9 Months | Current |
Ownership and Shareholding of Source One Management Services 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 Source One Management Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Feb 2013 | Hdfc Bank Limited | ₹1.25 Cr | Open |
| 26 Dec 2009 | Hdfc Bank Limited | ₹1 Cr | Open |
| 30 Nov 2012 | Icici Bank Limited | ₹2.58 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Source One Management Services Private Limited
Source One Management Services Private Limited has 2 court cases on record: 1 filed by Source One Management Services, 1 filed against it. All cases are disposed. Status as checked between 03 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Source One HR Consultancey Pvt Ltd | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Source One Management Services Private Limited
Source One Management Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 26 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Purview India Consulting and Services LLP | •••• | •••• | •••• |
| Techies Designs | •••• | •••• | •••• |
| KRG Technologies India Private Limited | •••• | •••• | •••• |
| Pinaki Softcon Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Source One Management Services Private Limited
Source One Management Services operates two associated brands: Hiring Now and Source One Management Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a digital hub for efficient applicant tracking and recruitment. | hiringnow.com | |
| Offers contract staffing, recruitment, and IT services including Liferay development, big data solutions, and mobile app development. | msourceone.com |
Employees and EPFO Compliance at Source One Management Services Private Limited
Employment history and EPFO contributions of people linked to Source One Management Services.
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.
News related to Source One Management Services Private Limited
Recent Activity on Source One Management Services Private Limited
Source One Management Services Private Limited has 5 board changes on record since 2005: 4 appointments and 1 cessation. The latest: Manish Anand was appointed as Director on 16 Dec 2023.
Credit Ratings, Litigation & Regulatory Alerts for Source One Management Services 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.
Subsidiaries & Group Companies of Source One Management Services 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 Source One Management Services Private Limited
Source One Management Services has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCS1595A1Z9 | Karnataka | Active | 01 Jul 2017 |
| 11AAJCS1595A1ZQ | Sikkim | Active | 21 Nov 2020 |
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 Source One Management Services 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 Source One Management Services Private Limited
Source One Management Services is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 August 2005 (21+ years old) and is registered under CIN U72200KA2005PTC036903.
Source One Management Services reported revenue of ₹115.56 Cr for FY 2025 (up 70% YoY).
Source One Management Services has 4 current directors:
- Sanjay Anand - Managing Director
- Archana Anand - Whole-Time Director
- Subhadra Jha - Whole-Time Director
- Manish Anand - Director
Source One Management Services reported a net profit of ₹5.02 Cr (net margin 4.3%) and EBITDA of ₹8.58 Cr (EBITDA margin 7.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Source One Management Services is -8% over three years and 19% over five years. In the latest year (FY 2025) revenue rose 70%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Source One Management Services is 29AAJCS1595A1Z9, registered in Karnataka. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 11AAJCS1595A1ZQ (Sikkim).
The CIN (Corporate Identification Number) of Source One Management Services is U72200KA2005PTC036903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Source One Management Services has 2 court cases on record: 1 filed by the company and 1 filed against it.
Source One Management Services was incorporated on 05 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Source One Management Services by revenue are Dexian India Services Private Limited, Geniehr Solutions Private Limited, Heidrick and Struggles (India) Private Limited, Rlabs Enterprise Services Limited, Tirupati Recruitments Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Manish Anand was appointed as Director on 16 Dec 2023. Subhadra Jha ceased to be Director on 01 Oct 2014. Archana Anand was appointed as Whole-Time Director on 05 Aug 2005. Source One Management Services has 5 board changes on record in total.
Source One Management Services has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 26 overdue payments to 4 micro and small suppliers. The latest return was filed on 08 Jun 2019.