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Startup India
Team Ideal Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.72 Cr
▼ 1% YoY
Net loss · FY 2024
₹41.96 Lakh
Net margin -8.9%
EBITDA · FY 2024
-₹41.78 Lakh
EBITDA margin -8.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹60 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
163
Provident fund records
About Team Ideal Private Limited
Data last updated:
Team Ideal Private Limited is a private limited company based in Mumbai, Maharashtra, 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 05 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC307589. Its GSTIN is 27AAGCT7075H1ZY (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Prabhat Shivnarayan Sharma and Narendra Sharma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No 204 – H B Wing 2nd Floor Sumit Samarth Arcade Tatya Ngr Chsl Aarey Rd, Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.72 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹41.96 Lakh (net margin -8.9%) and EBITDA of -₹41.78 Lakh (EBITDA margin -8.8%). Revenue has grown at a compounded annual rate (CAGR) of 92% over three years and 60% over five years.
The company has about 163 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Team Ideal. As per MCA filings, the company has open charges of ₹60 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
Team Ideal Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0205049). For more details, the company can be reached via its website teamideal.co.in.
Company Details of Team Ideal Private Limited
CIN U74999MH2018PTC307589
Registration Number 307589
Incorporation Date 05 April 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0205049
Recognitions & Rankings of Team Ideal
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0205049
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No 204 – H B Wing 2nd Floor Sumit Samarth Arcade Tatya Ngr Chsl Aarey Rd, Mumbai, Maharashtra, India – 400062
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
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Associated Brands with Team Ideal Private Limited
Team Ideal operates one associated brand: Team Ideal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides recruitment, payroll processing, temporary and manpower staffing services. | teamideal.co.in |
Business Activity of Team Ideal Private Limited
The main business activity of Team Ideal is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Team Ideal Private Limited FY 2024 filings available
Team Ideal Private Limited reported revenue of ₹4.72 Cr (down 1% YoY) for FY 2024.
Revenue · FY 2024
₹4.72 Cr ▼ 1%
Net loss · FY 2024
₹41.96 Lakh margin -8.9%
EBITDA · FY 2024
-₹41.78 Lakh margin -8.8%
Compounded Annual Growth Rate (CAGR) of Team Ideal Private Limited
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 92%
5 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 190%
5 years · compounded
▼ 43%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA fell 24% 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 Team Ideal Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹41.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹41.96 Lakh | •••• | •••• | •••• | •••• |
| 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 Team Ideal Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.9% | •••• | •••• | •••• | •••• |
| 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 Team Ideal are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Team Ideal Private Limited
Team Ideal has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhat Shivnarayan Sharma | Director | 27 Aug 2021 | 5 Years 1 Months | Current |
| Narendra Sharma | Director | 05 Apr 2018 | 8 Years 6 Months | Current |
Peer Comparison of Team Ideal Private Limited
Team Ideal 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 |
|---|---|---|---|---|---|---|
| Asta CRS Private Limited | ₹4.73 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Chennai, Tamil Nadu, India |
| Onkar Labour & Security Services Private Limited | ₹4.73 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Aurangabad, Maharashtra, India |
| Kapdata India (OPC) Private Limited | ₹4.73 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Bengaluru, Karnataka, India |
| Amvik Solutions Private Limited | ₹4.73 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Tatva Corporate Solutions Private Limited | ₹4.73 Cr (FY 2022) | •••• | •••• | 19770611.0% | •••• | Dombivli, Maharashtra, India |
| Team Ideal Private Limited this company | ₹4.72 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Super India HR Solutions Private Limited | ₹4.72 Cr (FY 2018) | •••• | •••• | -43.0% | •••• | Rudrapur, Uttarakhand, India |
| Ethiraj Associates Private Limited | ₹4.72 Cr (FY 2024) | •••• | •••• | 91.0% | •••• | Hosur, Tamil Nadu, India |
| Blue Decimal Technologies Private Limited | ₹4.71 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Hyderabad, Telangana, India |
| Refactor Academy Private Limited | ₹4.71 Cr (FY 2024) | •••• | •••• | 300.0% | •••• | Bangalore, Karnataka, India |
| JVG Management Consulting Private Limited | ₹4.71 Cr (FY 2024) | •••• | •••• | 149.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Team Ideal 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 Team Ideal Private Limited
Team Ideal Private Limited is audited by Chetan S Tak & Company for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Chetan S Tak & Company | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Team Ideal Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Team Ideal Private Limited
Open charges
₹60 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2024 | Others | ₹60 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Team Ideal Private Limited
Team Ideal Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 04 Oct 2026.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Team Ideal Private Limited
Team Ideal Private Limited has a workforce of 163 employees as of Apr 04, 2024.
Employee count
163
Active EPFO establishments
1
Employee growth
-2.98%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Team Ideal Private Limited
Team Ideal Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Prabhat Shivnarayan Sharma ceased to be Additional Director on 30 Dec 2021.
AGM
Team Ideal Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Team Ideal Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 60.00 Lakh with Charge ID 100854807 was registered on 29 Jan 2024.
Ceased
Prabhat Shivnarayan Sharma ceased to be Additional Director.
Appointed
Prabhat Shivnarayan Sharma was appointed as Director.
Ceased
Sushil Ramji Gupta ceased to be Director.
Appointed
Narendra Sharma was appointed as Director.
Incorporation
05 Apr 2018
Team Ideal Private Limited was registered on 05 Apr 2018 with Roc Mumbai & aged 8 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Team Ideal Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Team Ideal Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Team Ideal Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Team Ideal Private Limited
Team Ideal has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT7075H1ZY | Maharashtra | Active | 22 Jun 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Team Ideal Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Team Ideal Private Limited
Team Ideal 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 05 April 2018 (8+ years old) and is registered under CIN U74999MH2018PTC307589.
Team Ideal reported revenue of ₹4.72 Cr for FY 2024 (down 1% YoY).
Team Ideal has 2 current directors:
- Prabhat Shivnarayan Sharma - Director
- Narendra Sharma - Director
Team Ideal reported a net loss of ₹41.96 Lakh (net margin -8.9%) and EBITDA of -₹41.78 Lakh (EBITDA margin -8.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Team Ideal is 92% over three years and 60% over five years. In the latest year (FY 2024) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Team Ideal is 27AAGCT7075H1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Team Ideal is U74999MH2018PTC307589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Team Ideal has 1 court case on record: 1 filed against it.
Team Ideal was incorporated on 05 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Team Ideal by revenue are Asta CRS Private Limited, Onkar Labour & Security Services Private Limited, Kapdata India (OPC) Private Limited, Amvik Solutions Private Limited, Tatva Corporate Solutions Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Prabhat Shivnarayan Sharma ceased to be Additional Director on 30 Dec 2021. Prabhat Shivnarayan Sharma was appointed as Director on 27 Aug 2021. Sushil Ramji Gupta ceased to be Director on 18 Aug 2021. Team Ideal has 4 board changes on record in total.