About Teamspace Financial Services Private Limited
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Teamspace Financial Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 25 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2004PTC148219. Its GSTIN is 27AACCT0881B1ZM (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.17 Cr. It is led by directors including Prashant Jagdish Ashar (Whole-Time Director) and Vaishali Prashant Ashar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C – 20 Wadala Shri Ram Industrial Premises Co – Op Society Ltd Plot No.13 G D Ambekar Marg, Mumbai, Maharashtra, India – 400031.
As per the financials filed for FY 2025, the company reported a revenue of ₹271.95 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.69 Cr (net margin 1.7%) and EBITDA of ₹6.37 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 13% over five years.
The company has about 8,938 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: TeamSpace. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹9.43 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website teamspace.co.in.
Company details
CIN history
Teamspace Financial Services has one previous CIN (Corporate Identification Number): U65920MH2004PTC148219. The current CIN is U74110MH2004PTC148219, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2004PTC148219 | Current |
| U65920MH2004PTC148219 | Previous |
Contact details
Teamspace Financial Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is teamspace.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressC – 20 Wadala Shri Ram Industrial Premises Co – Op Society Ltd Plot No.13 G D Ambekar Marg, Mumbai, Maharashtra, India – 400031
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Teamspace Financial Services 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
Brands
Teamspace Financial Services operates one associated brand: TeamSpace. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers manpower augmentation, facilities management, and procure to pay services to businesses. | teamspaceindia.com |
Business activity
The main business activity of Teamspace Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Teamspace Financial Services Private Limited, buy the company report.
Financials of Teamspace Financial Services Private Limited
FY 2024 filings availableTeamspace Financial Services Private Limited reported revenue of ₹271.95 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA fell 22% 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 |
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| EBITDA | ₹6.37 Cr | ||||
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| Net Profit (PAT) | ₹4.69 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Teamspace Financial Services Private Limited, buy the company report.
Board of directors of Teamspace Financial Services Private Limited
Teamspace Financial Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaishali Prashant Ashar | Director | 06 Mar 2023 | 3 Years 7 Months | Current |
| Prashant Jagdish Ashar | Whole-Time Director | 25 Aug 2004 | 22 Years 1 Months | Current |
| Girdhardas Vithaldas Sampat Also directs: Pamac Finserve Private Limited | Director | 02 Dec 2012 | 13 Years 10 Months | Current |
Auditor
Teamspace Financial Services Private Limited is audited by J.G.SHAH & ASSOCIATES Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.G.SHAH & ASSOCIATES Chartered Accountants | FY 2023 | 119635W |
Shareholding
The shareholding of Teamspace Financial Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Teamspace Financial Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2020 | 100355671 | Citi Bank N.A. | ₹4 Cr | Satisfied | |
| 22 Jun 2016 | 100042067 | Others | ₹4.43 Cr | Satisfied | |
| 26 Apr 2014 | 10488251 | The Ratnakar Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Teamspace Financial Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Teamspace Financial Services Private Limited has 8 court cases on record: 1 filed by Teamspace Financial Services, 7 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Commercial suit | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Teamspace Financial Services 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 Teamspace Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Teamspace Financial Services Private Limited has a workforce of 8,938 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Teamspace Financial Services has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT0881B1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Teamspace Financial Services Private Limited, buy the company report.
Recent activity
Teamspace Financial Services Private Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Vaishali Prashant Ashar ceased to be Additional Director on 29 Sep 2023.
6 earlier events are in the company report.
Frequently asked questions
Teamspace Financial Services 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 25 August 2004 (22+ years old) and is registered under CIN U74110MH2004PTC148219.
Teamspace Financial Services has 3 current directors:
- Prashant Jagdish Ashar - Whole-Time Director
- Vaishali Prashant Ashar - Director
- Girdhardas Vithaldas Sampat - Director
The latest financial statements of Teamspace Financial Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Teamspace Financial Services is 27AACCT0881B1ZM, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Teamspace Financial Services is U74110MH2004PTC148219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Teamspace Financial Services has 8 court cases on record: 1 filed by the company and 7 filed against it. 1 is pending.
Teamspace Financial Services was incorporated on 25 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Vaishali Prashant Ashar ceased to be Additional Director on 29 Sep 2023. Vaishali Prashant Ashar was appointed as Director on 06 Mar 2023. Girdhardas Vithaldas Sampat ceased to be Additional Director on 30 Sep 2013. Teamspace Financial Services has 6 board changes on record in total.
Teamspace Financial Services can be reached through the website teamspace.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Teamspace Financial Services is at C – 20 Wadala Shri Ram Industrial Premises Co – Op Society Ltd Plot No.13 G D Ambekar Marg, Mumbai, Maharashtra, India – 400031.