Starax Business Private Limited

Starax Business Private Limited - business outsourcing in Durg, Chhattisgarh, India. FY 2026 financials & compliance.
CIN U93090CT2020PTC010132 Incorporated 06 June 2020 ROC Chhattisgarh HQ Durg, Chhattisgarh, India
Active Private Limited Company business outsourcing DPIIT Startup MSME
Data last updated
Revenue · FY 2025
₹21.47 Cr
▲ 63% YoY
Net loss · FY 2025
₹38,251
Net margin 0%
EBITDA · FY 2025
₹43.5 Lakh
EBITDA margin 2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
351
Provident fund records
Directors on board
2
As per MCA filings

About Starax Business Private Limited

Data last updated:

Starax Business Private Limited is a private limited company based in Durg, Chhattisgarh, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 06 June 2020 and has been in existence for over 6 years.

The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U93090CT2020PTC010132. Its GSTIN is 22ABDCS7351K1Z8 (Chattisgarh).

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Naveen Lohan and Sneh Lata Sharma.

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 Pro. Anil Kumar Sharma S/O Jiyalal Sharma Khapri J Baghera, Durg, Chhattisgarh, India – 491001.

As per the financials filed for FY 2025, the company reported a revenue of ₹21.47 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net loss of ₹38,251 (net margin 0%) and EBITDA of ₹43.5 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.

The company has about 351 employees on its provident fund (EPFO) records.

Starax Business Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-CG-05-0000488).

Company details

CIN U93090CT2020PTC010132
Registration Number 010132
Incorporation Date 06 June 2020
ROC Chhattisgarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-CG-05-0000488
Key People
Naveen Lohan Director Sneh Lata Sharma Director

Recognitions & Rankings of Starax Business

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-CG-05-0000488

Contact details

Starax Business Private Limited's registered office is in Durg, Chhattisgarh. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Pro. Anil Kumar Sharma S/O Jiyalal Sharma Khapri J Baghera, Durg, Chhattisgarh, India – 491001
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management

To see the full contact details of Starax Business Private Limited, buy the company report.

Comprehensive company report
Starax Business Private Limited - one report that includes everything
  • 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

The main business activity of Starax Business is support service to organizations. In detail, this covers placement agencies and hr management services.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN2Placement agencies and HR management services

To see the full business activity and turnover split of Starax Business Private Limited, buy the company report.

Financials of Starax Business Private Limited

FY 2025 filings available

Starax Business Private Limited reported revenue of ₹21.47 Cr (up 63% YoY) for FY 2025.

Revenue · FY 2025
₹21.47 Cr ▲ 63%
Net loss · FY 2025
₹38,251 margin 0%
EBITDA · FY 2025
₹43.5 Lakh margin 2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 63%
3 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 500%
3 years · compounded
▼ 15%

Revenue has grown at a compounded annual rate (CAGR) of 16% over three years, including 63% growth in the latest year. EBITDA rose 500% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹43.5 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹38,251
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin2%
Net Profit Margin0%
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

To see the full financial statements and ratios of Starax Business Private Limited, buy the company report.

Board of directors of Starax Business Private Limited

Starax Business has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Naveen LohanDirector06 Jun 20206 Years 5 MonthsCurrent
Sneh Lata Sharma
Also directs: Blue Falcon Industries Private Limited, Shree Balaji Inframining Private Limited
Director06 Jun 20206 Years 5 MonthsCurrent
View all directors

Peer comparison

Starax Business 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Uprise Staff Solutions Private Limited₹21.55 Cr (FY 2024)-49.0%Salcete, Goa, India
Globalxperts Networks Private Limited₹21.5 Cr (FY 2025)163.0%New Delhi, Delhi, India
Starax Business Private Limitedthis company₹21.47 Cr (FY 2025)-₹38,2510%63.0%351Durg, Chhattisgarh, India
Alpha Mantra Consulting Private Limited₹21.41 Cr (FY 2024)32.0%New Delhi, Delhi, India
Coatsman Offshore Services Private Limited₹21.35 Cr (FY 2025)53.0%Thane, Maharashtra, India

To see the full peer comparison of Starax Business Private Limited, buy the company report.

Auditor

Starax Business Private Limited is audited by PRATIK BAKLIWAL & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PRATIK BAKLIWAL & CO.FY 2023008402C

Shareholding

The shareholding of Starax Business Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Starax Business Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Starax Business Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Starax Business Private Limited has a workforce of 351 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
351
Active EPFO establishments
1
Employee growth
-17.8%

GST

Starax Business has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
22ABDCS7351K1Z8ChattisgarhActive26 Aug 2020

To see the full GST registrations and return filing status of Starax Business Private Limited, buy the company report.

Recent activity

Starax Business Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Naveen Lohan was appointed as Director on 06 Jun 2020.

AGM
Starax Business Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Starax Business Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chhattisgarh.
Appointed
Naveen Lohan was appointed as Director.
Appointed
Sneh Lata Sharma was appointed as Director.
Incorporation
06 Jun 2020
Starax Business Private Limited was registered on 06 Jun 2020 with Roc Chhattisgarh & aged 6 years 5 months as per MCA records.

Frequently asked questions

Starax Business is an active private limited company based in Durg, Chhattisgarh, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 06 June 2020 (6+ years old) and is registered under CIN U93090CT2020PTC010132.

Starax Business has 2 current directors:

The latest financial statements of Starax Business 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 FY 2021 are in the company report.

The GSTIN of Starax Business is 22ABDCS7351K1Z8, registered in Chattisgarh.

The CIN (Corporate Identification Number) of Starax Business is U93090CT2020PTC010132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Starax Business was incorporated on 06 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chhattisgarh.

The peers of Starax Business by revenue are Uprise Staff Solutions Private Limited, Globalxperts Networks Private Limited, Alpha Mantra Consulting Private Limited, Coatsman Offshore Services Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).

Naveen Lohan was appointed as Director on 06 Jun 2020. Sneh Lata Sharma was appointed as Director on 06 Jun 2020.

Yes, Starax Business is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Starax Business is registered as an MSME under Udyam registration (number: UDYAM-CG-05-0000488).

The registered office of Starax Business is at Pro. Anil Kumar Sharma SO Jiyalal Sharma Khapri J Baghera, Durg, Chhattisgarh, India – 491001.