About Srimarg Human Resource Private Limited
Data last updated:
Srimarg Human Resource Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 18 March 2010.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74990TN2010PTC074974. Its GSTIN is 33AAOCS5453J1ZZ (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashokan Maraga (Whole-Time Director) and Panneer.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.9 Muthu Nagar Poonamallee, Chennai, Tamil Nadu, India – 600056.
As per the financials filed for FY 2022, the company reported a revenue of ₹15.41 Cr, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹34.72 Lakh (net margin -2.3%) and EBITDA of ₹26.47 Lakh (EBITDA margin 1.7%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 28% over five years.
The company has about 650 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is srimarg.com.
Company details
Contact details
Srimarg Human Resource Private Limited's registered office is in Chennai, Tamil Nadu. Its website is srimarg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.9 Muthu Nagar Poonamallee, Chennai, Tamil Nadu, India – 600056
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Srimarg Human Resource 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
Business activity
The main business activity of Srimarg Human Resource 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 Srimarg Human Resource Private Limited, buy the company report.
Financials of Srimarg Human Resource Private Limited
FY 2022 filings availableSrimarg Human Resource Private Limited reported revenue of ₹15.41 Cr (down 86% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 86% fall in the latest year. EBITDA rose 109% 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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| EBITDA | ₹26.47 Lakh | ||||
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| Net Profit (PAT) | -₹34.72 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | -2.3% | ||||
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To see the full financial statements and ratios of Srimarg Human Resource Private Limited, buy the company report.
Board of directors of Srimarg Human Resource Private Limited
Srimarg Human Resource has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Panneer Also directs: Gee Vee Human Solutions India Private Limited | Additional Director | 19 Apr 2023 | 3 Years 6 Months | As last reported |
| Ashokan Maraga Also directs: Biteskart LLP, Panchalai Human Resource Foundations | Whole-Time Director | 18 Mar 2010 | 16 Years 7 Months | As last reported |
Peer comparison
Srimarg Human Resource Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Triadss Tech Solutions Private Limited | ₹15.48 Cr (FY 2023) | 3.0% | New Delhi, Delhi, India | |||
| Resource Square Solutions Private Limited | ₹15.48 Cr (FY 2025) | 95.0% | Chennai, Tamil Nadu, India | |||
| Delta Recruitment Consultants Private Limited | ₹15.47 Cr (FY 2025) | 767.0% | Palghar, Maharashtra, India | |||
| J.K. Hospatility Services Private Limited | ₹15.43 Cr (FY 2025) | 29.0% | Kanpur, Uttar Pradesh, India | |||
| Srimarg Human Resource Private Limitedthis company | ₹15.41 Cr (FY 2022) | -₹34.72 Lakh | -2.3% | -86.0% | 650 | Chennai, Tamil Nadu, India |
To see the full peer comparison of Srimarg Human Resource Private Limited, buy the company report.
Shareholding
The shareholding of Srimarg Human Resource Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Srimarg Human Resource Private Limited, buy the company report.
Legal cases
Srimarg Human Resource Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Gee Vee Human Solutions India Private Limited | Disposed |
To see the full case history of Srimarg Human Resource 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 Srimarg Human Resource Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Srimarg Human Resource Private Limited has a workforce of 650 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Srimarg Human Resource has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAOCS5453J1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Srimarg Human Resource Private Limited, buy the company report.
Recent activity
Srimarg Human Resource Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Panneer was appointed as Additional Director on 19 Apr 2023.
Frequently asked questions
Srimarg Human Resource is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Srimarg Human Resource is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 18 March 2010 and is registered under CIN U74990TN2010PTC074974. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Srimarg Human Resource has 2 current directors:
- Ashokan Maraga - Whole-Time Director
- Panneer - Additional Director
The latest financial statements of Srimarg Human Resource on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Srimarg Human Resource is U74990TN2010PTC074974. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Srimarg Human Resource has 1 court case on record: 1 filed against it.
Srimarg Human Resource was incorporated on 18 March 2010. It is registered with the Registrar of Companies, Chennai.
The peers of Srimarg Human Resource by revenue are Triadss Tech Solutions Private Limited, Resource Square Solutions Private Limited, Delta Recruitment Consultants Private Limited, J.K. Hospatility Services Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Panneer was appointed as Additional Director on 19 Apr 2023. Jayanthi ceased to be Director on 21 Jul 2021. Kannan Mhanukkannan ceased to be Additional Director on 21 Jul 2021. Srimarg Human Resource has 5 board changes on record in total.
Srimarg Human Resource can be reached through the website srimarg.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Srimarg Human Resource is at No.9 Muthu Nagar Poonamallee, Chennai, Tamil Nadu, India – 600056.
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