MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0015006
Teamnest Employee Services Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.64 Cr
▲ 18% YoY
Net loss · FY 2025
₹99.63 Lakh
Net margin -60.8%
EBITDA · FY 2025
-₹1.35 Cr
EBITDA margin -82.7%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹62.51 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Teamnest Employee Services Private Limited
Data last updated:
Teamnest Employee Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 01 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2017PTC294505. Its GSTIN is 27AAGCT2410G1ZN (Maharashtra).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹62.51 Lakh. It is led by directors including Rachit Kwatra and Saumil Yogesh Gandhi.
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 410 Floor – 4 Tulsiani Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.64 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹99.63 Lakh (net margin -60.8%) and EBITDA of -₹1.35 Cr (EBITDA margin -82.7%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 69% over five years.
The company is associated with 1 brand: TeamNest. The company has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5 Cr; the latest was in October 2023.
Teamnest Employee Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0015006). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website teamnest.com.
Company details
CIN U93090MH2017PTC294505
Registration Number 294505
Incorporation Date 01 May 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0015006
Recognitions & Rankings of Teamnest Employee Services
Contact details
Teamnest Employee Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is teamnest.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address410 Floor – 4 Tulsiani Chambers Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryInformation Technology, Cloud Computing & Cloud Services
To see the full contact details of Teamnest Employee Services Private Limited, buy the company report.
Comprehensive company report
Teamnest Employee Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Teamnest Employee Services operates one associated brand: TeamNest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based HRMS solutions for SMBs are delivered. | teamnest.com |
Business activity
The main business activity of Teamnest Employee Services 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 Teamnest Employee Services Private Limited, buy the company report.
Financials of Teamnest Employee Services Private Limited
FY 2025 filings availableTeamnest Employee Services Private Limited reported revenue of ₹1.64 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹1.64 Cr ▲ 18%
Net loss · FY 2025
₹99.63 Lakh margin -60.8%
EBITDA · FY 2025
-₹1.35 Cr margin -82.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 42%
5 years · compounded
▲ 69%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 88%
5 years · compounded
▼ 88%
Revenue has grown at a compounded annual rate (CAGR) of 69% over five years, including 18% growth in the latest year. EBITDA fell 15% 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 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 | -₹1.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹99.63 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -82.7% | ||||
| Net Profit Margin | -60.8% | ||||
| 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 Teamnest Employee Services Private Limited, buy the company report.
Board of directors of Teamnest Employee Services Private Limited
Teamnest Employee Services has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachit Kwatra | Director | 17 Jul 2023 | 3 Years 3 Months | Current |
| Saumil Yogesh Gandhi | Director | 01 May 2017 | 9 Years 6 Months | Current |
| Prashant Anant Shah Also directs: Veritech Global HR Services LLP | Director | 30 Jan 2018 | 8 Years 9 Months | Current |
| Mahesh Ishwardas Jethani | Director | 30 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Teamnest Employee Services Private Limited is audited by MILWANI ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MILWANI ASSOCIATES | FY 2023 | 106405W |
Shareholding
The shareholding of Teamnest Employee Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Teamnest Employee Services Private Limited, buy the company report.
Deals & funding
Teamnest Employee Services Private Limited has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5 Cr; the latest was in October 2023.
Total deals
5
Rights issues
2
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹5 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Funding round · Series B | ₹2 Cr | Investors: an individual |
| Mar 2023 | Funding round · Series A | ₹3 Cr | Investors: Incred Wealth and Investment Services Private Limited |
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sai Taxhelp Private Limited , Dreamscape Media Private Limited |
| Apr 2021 | Rights issue | ₹58 Lakh | Investors: Sai Taxhelp Private Limited , 3 individuals |
| Jan 2019 | Rights issue | ₹41 Lakh | Investors: Sai Taxhelp Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Teamnest Employee Services 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 Teamnest Employee Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Teamnest Employee Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT2410G1ZN | Maharashtra | Active | 12 Feb 2018 |
To see the full GST registrations and return filing status of Teamnest Employee Services Private Limited, buy the company report.
Recent activity
Teamnest Employee Services Private Limited has 9 board changes on record since 2017: 4 appointments and 5 cessations. The latest: Ketan Jasubhai Shah ceased to be Additional Director on 05 Nov 2025.
Ceased
Ketan Jasubhai Shah ceased to be Additional Director.
AGM
Teamnest Employee Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Teamnest Employee Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Rachit Kwatra ceased to be Additional Director.
Appointed
Rachit Kwatra was appointed as Director.
Ceased
Vishrut Bijaikumar Srivastava ceased to be Director.
Ceased
Mahesh Ishwardas Jethani ceased to be Additional Director.
Ceased
Prashant Anant Shah ceased to be Additional Director.
Appointed
Mahesh Ishwardas Jethani was appointed as Director.
Appointed
Prashant Anant Shah was appointed as Director.
Appointed
Saumil Yogesh Gandhi was appointed as Director.
Incorporation
01 May 2017
Teamnest Employee Services Private Limited was registered on 01 May 2017 with Roc Mumbai & aged 9 years 6 months as per MCA records.
Frequently asked questions
Teamnest Employee Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 01 May 2017 (9+ years old) and is registered under CIN U93090MH2017PTC294505.
Teamnest Employee Services has 4 current directors:
- Rachit Kwatra - Director
- Saumil Yogesh Gandhi - Director
- Prashant Anant Shah - Director
- Mahesh Ishwardas Jethani - Director
The latest financial statements of Teamnest Employee Services 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 2018 are in the company report.
The GSTIN of Teamnest Employee Services is 27AAGCT2410G1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Teamnest Employee Services is U93090MH2017PTC294505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Teamnest Employee Services was incorporated on 01 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Teamnest Employee Services has 5 deals on record (2 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5 Cr; the latest was in October 2023.
Ketan Jasubhai Shah ceased to be Additional Director on 05 Nov 2025. Rachit Kwatra ceased to be Additional Director on 29 Sep 2023. Rachit Kwatra was appointed as Director on 17 Jul 2023. Teamnest Employee Services has 9 board changes on record in total.
Yes, Teamnest Employee Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0015006).
Teamnest Employee Services can be reached through the website teamnest.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages