About TMF Services India Private Limited
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TMF Services India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Tmf Asia B.V.. It operates in the accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 31 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2007PTC175579. Its GSTIN is 27AACCT7788F1ZU (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹2.51 Cr and a paid-up capital of ₹1.36 Cr. It is led by directors including Mohan Raghvan Nair (Managing Director) and Natalija Kuzovic Petar.
Its last annual general meeting (AGM) was held on 23 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹285.16 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹48.55 Cr (net margin 17%) and EBITDA of ₹73.51 Cr (EBITDA margin 25.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company has about 863 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.16 Cr; the latest was in April 2009. Its 10 peer companies in the Outsourcing industry (Accounting and Financial Analysis) are compared by revenue, 5 larger and 5 smaller; the largest is Revolut Technologies India Private Limited with revenue of ₹627.67 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 34 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tmf-group.com.
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- Registered Address#1302 Tower – 3 One International Center Senapati Bapat Marg Elphinstone Road (W, Est), Mumbai, Maharashtra, India – 400013
- IndustryBusiness Outsourcing, Accounting and Financial Analysis
- 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
Business Activity of TMF Services India Private Limited
The main business activity of TMF Services India 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 |
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.
Financials of TMF Services India Private Limited FY 2025 filings available
TMF Services India Private Limited reported revenue of ₹285.16 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of TMF Services India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 21% growth in the latest year. EBITDA rose 43% 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 TMF Services India Private Limited
| 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 | ₹73.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.55 Cr | •••• | •••• | •••• | •••• |
| 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 TMF Services India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17% | •••• | •••• | •••• | •••• |
| 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 TMF Services India 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.
Peer Comparison of TMF Services India Private Limited
TMF Services India Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Accounting and Financial Analysis). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Revolut Technologies India Private Limited | ₹627.67 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Mumbai, Maharashtra, India |
| QX Global Services Private Limited | ₹356.95 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Ahmedabad, Gujarat, India |
| Accelya Solutions India Limited Listed | ₹327.17 Cr (FY 2022) | •••• | •••• | 30.0% | •••• | Pune, Maharashtra, India |
| Advent India Pe Advisors Private Limited | ₹315.94 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Mumbai, Maharashtra, India |
| Mountview Consultancy Private Limited | ₹305.26 Cr (FY 2019) | •••• | •••• | 181.0% | •••• | Kolkata, West Bengal, India |
| TMF Services India Private Limited this company | ₹285.16 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| Mckinsey Global Services India Private Limited | ₹282.86 Cr (FY 2019) | •••• | •••• | 13.0% | •••• | Gurgaon, Haryana, India |
| Aaradhak Commercial Ventures Private Limited | ₹257.59 Cr (FY 2016) | •••• | •••• | 123.0% | •••• | Mumbai, Maharashtra, India |
| Eisneramper (India) Consultants Private Limited | ₹229.79 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Dhruva Advisors LLP | ₹217.45 Cr (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Consero Solutions India Private Limited | ₹208.86 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below TMF Services India by revenue in the Outsourcing industry (Accounting and Financial Analysis), 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 TMF Services India Private Limited
TMF Services India Private Limited is audited by C N K & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C N K & Associates LLP | 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 TMF Services India Private Limited
TMF Services India has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Singh | Additional Director | 30 Mar 2026 | 0 Years 6 Months | Current |
| Mohan Raghvan Nair Also directs: TMF Global Services (Ifsc) Private Limited, KPK Faserv India Private Limited, Sannam S4 Consulting Private Limited and 5 more | Managing Director | 20 Sep 2022 | 4 Years 0 Months | Current |
| Natalija Kuzovic Petar | Director | 29 Jan 2025 | 1 Years 8 Months | Current |
| Achin Malik Also directs: TMF Global Services (Ifsc) Private Limited, KPK Faserv India Private Limited, Sannam S4 Consulting Private Limited and 2 more | Director | 16 Aug 2024 | 2 Years 1 Months | Current |
Ownership and Shareholding of TMF Services India 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 TMF Services India Private Limited
TMF Services India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of TMF Services India Private Limited
TMF Services India Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.16 Cr; the latest was in April 2009.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2009 | Secondary share transfer | Undisclosed | Buyer: TMF Asia BV Seller: 3 individuals |
| Feb 2008 | Funding round | ₹1.16 Cr | Investors: TMF Asia BV, TMF Holding International BV |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of TMF Services India Private Limited
TMF Services India Private Limited has 2 court cases on record: 2 filed by TMF Services India. All cases are disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
Full case history
All 2 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.
MSME Payment Delays by TMF Services India Private Limited
TMF Services India Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 34 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| CNK & Associates LLP | •••• | •••• | •••• |
| Benir E Store Solutions Private Limited | •••• | •••• | •••• |
| Mountain Trail Foods Private Limited | •••• | •••• | •••• |
| K. A. Pandit | •••• | •••• | •••• |
| Axis Integrated Systems Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at TMF Services India Private Limited
TMF Services India Private Limited has a workforce of 863 employees as of Apr 06, 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.
News related to TMF Services India Private Limited
Recent Activity on TMF Services India Private Limited
TMF Services India Private Limited has 20 board changes on record since 2008: 4 appointments and 16 cessations. The latest: Vinod Kumar Singh was appointed as Additional Director on 30 Mar 2026.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for TMF Services India 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.
Subsidiaries & Group Companies of TMF Services India 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.
GST Compliance of TMF Services India Private Limited
TMF Services India has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT7788F1ZU | Maharashtra | Active | 01 Jul 2017 |
| 06AACCT7788F1ZY | Haryana | Active | 01 Jul 2017 |
| 07AACCT7788F1ZW | Delhi | Active | 01 Jul 2017 |
| 09AACCT7788F1ZS | Uttar Pradesh | Active | 01 Jul 2017 |
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.
MCA Filings & Documents of TMF Services India 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.
Frequently Asked Questions about TMF Services India Private Limited
TMF Services India is an active private limited company based in Mumbai, Maharashtra, India. The company works in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 31 October 2007 (19+ years old) and is registered under CIN U74140MH2007PTC175579.
TMF Services India reported revenue of ₹285.16 Cr for FY 2025 (up 21% YoY).
TMF Services India has 4 current directors:
- Mohan Raghvan Nair - Managing Director
- Vinod Kumar Singh - Additional Director
- Natalija Kuzovic Petar - Director
- Achin Malik - Director
TMF Services India reported a net profit of ₹48.55 Cr (net margin 17%) and EBITDA of ₹73.51 Cr (EBITDA margin 25.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of TMF Services India is 15% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of TMF Services India is 27AACCT7788F1ZU, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 06AACCT7788F1ZY (Haryana), 07AACCT7788F1ZW (Delhi), 09AACCT7788F1ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of TMF Services India is U74140MH2007PTC175579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TMF Services India has 2 court cases on record: 2 filed by the company.
TMF Services India was incorporated on 31 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
TMF Services India has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.16 Cr; the latest was in April 2009.
The peers of TMF Services India by revenue are Revolut Technologies India Private Limited, QX Global Services Private Limited, Accelya Solutions India Limited, Advent India Pe Advisors Private Limited, Mountview Consultancy Private Limited and 5 more, all in the Outsourcing industry (Accounting and Financial Analysis).
Vinod Kumar Singh was appointed as Additional Director on 30 Mar 2026. Natalija Petar Kuzovic ceased to be Additional Director on 22 Dec 2025. Natalija Kuzovic Petar was appointed as Director on 29 Jan 2025. TMF Services India has 20 board changes on record in total.