About Thakral One Solutions Private Limited
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Thakral One Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Sovereign Investments Pte Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 28 July 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1997PTC022574. Its GSTIN is 29AAACR7930F1ZA (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹22.2 Cr. It was formerly known as Raffles Software Private Limited and Raffles Solutions Private Limited. It is led by directors including Kanwaljeet Singh Bawa and Nirmala Sridhar.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.44 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹42.11 Lakh (net margin 1.6%) and EBITDA of ₹1.48 Cr (EBITDA margin 5.6%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 1% over five years.
The company has about 326 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thakral One. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹18.72 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 2 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 thakralone.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1st Floor Shree Rajarajeshwari Arcade Outer Ring Road Near Courtyard Marriot Hotel Veeran, Napalya, Bangalore, Karnataka, India – 560045
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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
- One PDF report, delivered after checkout
Name History of Thakral One Solutions Private Limited
Thakral One Solutions has undergone 2 name changes throughout its history. The company was previously known as Raffles Software Private Limited, and Raffles Solutions Private Limited. The current legal name is Thakral One Solutions Private Limited.
| Company Name | Status |
|---|---|
| Thakral One Solutions Private Limited | Current |
| Raffles Software Private Limited | Previous |
| Raffles Solutions Private Limited | Previous |
CIN History of Thakral One Solutions Private Limited
Thakral One Solutions has one previous CIN (Corporate Identification Number): U22574KA1997PTC022574. The current CIN is U85110KA1997PTC022574, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1997PTC022574 | Current |
| U22574KA1997PTC022574 | Previous |
Associated Brands with Thakral One Solutions Private Limited
Thakral One Solutions operates one associated brand: Thakral One. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT consulting, managed services, and data analytics for businesses. | thakralone.com |
Competitors & Alternatives of Thakral One Solutions Private Limited
Brands and companies operating in the same space as Thakral One Solutions Private Limited include Booz Allen Hamilton, Teneo, Prophet and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Booz Allen Hamilton | Analytics, cybersecurity, and digital transformation services are provided. | Mclean, United States | 1914 |
 Teneo | Business consulting, financial advisory, and crisis management services are provided. | New York, United States | 2011 |
 Prophet | Brand and marketing consulting solutions provider | San Francisco, United States | 1992 |
 SGS | Product inspection, testing, and digital transformation services are provided. | Geneva, Switzerland | 1878 |
 KPMG | Audit, tax, accounting, strategy, and financial advisory services are provided. | London, United Kingdom | 1987 |
 Cognizant | Provider of software development, cloud & data management, and IT consulting services | United States | 1994 |
 FTI Consulting | Business strategy, litigation, financial, and other consulting services are provided. | 1982 | |
 Wavestone | Wavestone is recognized as a trusted consulting partner for strategic transformations worldwide. | Paris, France | 1990 |
Business Activity of Thakral One Solutions Private Limited
The main business activity of Thakral One Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Thakral One Solutions Private Limited
Thakral One Solutions Private Limited is audited by SRIDHAR & BRITO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRIDHAR & BRITO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Thakral One Solutions Private Limited
Thakral One Solutions has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Financials of Thakral One Solutions Private Limited FY 2024 filings available
Thakral One Solutions Private Limited reported revenue of ₹26.44 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Thakral One Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 23% fall in the latest year. EBITDA fell 49% 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 Thakral One Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.11 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Thakral One Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Thakral One Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Thakral One Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Thakral One Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jul 2024 | Others | ₹7 Cr | Open |
| 14 Dec 2023 | Others | ₹23 Cr | Open |
| 02 Sep 2016 | Axis Bank Limited | ₹6.72 Cr | Satisfied |
| 16 Jul 2013 | Yes Bank Limited | ₹4 Cr | Satisfied |
| 21 Jan 2009 | The Federal Bank Limited | ₹2.5 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Thakral One Solutions Private Limited
Thakral One Solutions Private Limited has a workforce of 326 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Thakral One Solutions Private Limited
Thakral One Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR7930F1ZA | Karnataka | Active | 01 Jul 2017 |
| 27AAACR7930F1ZE | Maharashtra | Active | 13 Apr 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Thakral One Solutions Private Limited
Thakral One Solutions Private Limited has 6 court cases on record: 3 filed by Thakral One Solutions, 2 filed against it, 1 where it is another party. 1 case is pending and 5 are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed against the company by Ebix Travel & Holidays Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Central Government Industrial Tribunal-Cum-Labour Court | Pending |
| High Court of Karnataka | Tax appeal | Filed by the company against Commissioner of Central Excise | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Company is another party | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Regional Provident Fund Commissioner -II | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Credit Ratings, Litigation & Regulatory Alerts for Thakral One Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Thakral One Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Thakral One Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Thakral One Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Thakral One Solutions Private Limited
Frequently Asked Questions about Thakral One Solutions Private Limited
Thakral One Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 28 July 1997 (29+ years old) and is registered under CIN U85110KA1997PTC022574.
Thakral One Solutions reported revenue of ₹26.44 Cr for FY 2025 (down 23% YoY).
Thakral One Solutions has 5 current directors:
- Kanwaljeet Singh Bawa - Director
- Nirmala Sridhar - Director
- Purushottam Ram Yagnik - Director
- Gurmukh Singh Thakral - Director
- Bikramjit Singh Thakral - Director
Thakral One Solutions reported a net profit of ₹42.11 Lakh (net margin 1.6%) and EBITDA of ₹1.48 Cr (EBITDA margin 5.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thakral One Solutions is -15% over three years and -1% over five years. In the latest year (FY 2025) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thakral One Solutions is 29AAACR7930F1ZA, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACR7930F1ZE (Maharashtra).
The CIN (Corporate Identification Number) of Thakral One Solutions is U85110KA1997PTC022574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thakral One Solutions has 6 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Thakral One Solutions was incorporated on 28 July 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.