MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0158801
Tracers India Search Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.93 Cr
▼ 13% YoY
Net loss · FY 2025
₹48.05 Lakh
Net margin -16.4%
EBITDA · FY 2025
-₹45.79 Lakh
EBITDA margin -15.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.38 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Tracers India Search Private Limited
Data last updated:
Tracers India Search 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 24 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2009PTC195166. Its GSTIN is 27AADCT2447E1ZH (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.38 Lakh. It is led by directors Tarun Vishandas Grover and Sangeeta Tarun Grover.
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 202 Solitaire Hiranandani Gardens, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.93 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹48.05 Lakh (net margin -16.4%) and EBITDA of -₹45.79 Lakh (EBITDA margin -15.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 10% over five years.
The company is associated with 1 brand: Tracers India.
Tracers India Search Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0158801). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tracersindia.com.
Company details
CIN U74900MH2009PTC195166
Registration Number 195166
Incorporation Date 24 August 2009
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-19-0158801
Recognitions & Rankings of Tracers India Search
Contact details
Tracers India Search Private Limited's registered office is in Mumbai, Maharashtra. Its website is tracersindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address202 Solitaire Hiranandani Gardens, Mumbai, Maharashtra, India – 400076
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Tracers India Search Private Limited, buy the company report.
Comprehensive company report
Tracers India Search 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
Tracers India Search operates one associated brand: Tracers India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides executive search, contingency search, and talent recruitment services. | tracersindia.com |
Business activity
The main business activity of Tracers India Search 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 Tracers India Search Private Limited, buy the company report.
Financials of Tracers India Search Private Limited
FY 2025 filings availableTracers India Search Private Limited reported revenue of ₹2.93 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹2.93 Cr ▼ 13%
Net loss · FY 2025
₹48.05 Lakh margin -16.4%
EBITDA · FY 2025
-₹45.79 Lakh margin -15.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 2%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 247%
3 years · compounded
▼ 36%
5 years · compounded
▼ 13%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 247% 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 | -₹45.79 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹48.05 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 | -15.6% | ||||
| Net Profit Margin | -16.4% | ||||
| 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 Tracers India Search Private Limited, buy the company report.
Board of directors of Tracers India Search Private Limited
Tracers India Search has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Vishandas Grover Also directs: TSG Search LLP | Director | 24 Aug 2009 | 17 Years 2 Months | Current |
| Sangeeta Tarun Grover Also directs: TSG Search LLP | Director | 24 Aug 2009 | 17 Years 2 Months | Current |
Auditor
Tracers India Search Private Limited is audited by SHANKAR & KISHOR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANKAR & KISHOR | FY 2023 | 112451W |
Shareholding
The shareholding of Tracers India Search Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tracers India Search Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Tracers India Search 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
Tracers India Search Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 8 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Regal Rexnord India Private Limited | |||
| Pidilite Industries Limited |
To see the full MSME payment records of Tracers India Search Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Tracers India Search has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT2447E1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tracers India Search Private Limited, buy the company report.
Recent activity
Tracers India Search Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Sangeeta Tarun Grover was appointed as Director on 24 Aug 2009.
AGM
Tracers India Search Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Tracers India Search Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Sangeeta Tarun Grover was appointed as Director.
Appointed
Tarun Vishandas Grover was appointed as Director.
Incorporation
24 Aug 2009
Tracers India Search Private Limited was registered on 24 Aug 2009 with Roc Mumbai & aged 17 years 2 months as per MCA records.
Frequently asked questions
Tracers India Search 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 24 August 2009 (17+ years old) and is registered under CIN U74900MH2009PTC195166.
Tracers India Search has 2 current directors:
- Tarun Vishandas Grover - Director
- Sangeeta Tarun Grover - Director
The latest financial statements of Tracers India Search 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 2015 are in the company report.
The GSTIN of Tracers India Search is 27AADCT2447E1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Tracers India Search is U74900MH2009PTC195166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tracers India Search was incorporated on 24 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Sangeeta Tarun Grover was appointed as Director on 24 Aug 2009. Tarun Vishandas Grover was appointed as Director on 24 Aug 2009.
Yes, Tracers India Search is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0158801).
Tracers India Search has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 8 overdue payments to 2 micro and small suppliers. The latest return was filed on 16 Dec 2023.
Tracers India Search can be reached through the website tracersindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Tracers India Search is at 202 Solitaire Hiranandani Gardens, Mumbai, Maharashtra, India – 400076.
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