MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0025086
Upman Placements Private Limited - business outsourcing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.56 Cr
▲ 17% YoY
Net profit · FY 2024
₹38.38 Lakh
Net margin 4.5%
EBITDA · FY 2024
₹68.27 Lakh
EBITDA margin 8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
16 yrs
Est. 2010
Employees · EPFO
202
Provident fund records
Directors on board
2
As per MCA filings
About Upman Placements Private Limited
Data last updated:
Upman Placements Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 02 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74910GJ2010PTC060922. Its GSTIN is 24AABCU1825D1ZU (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nigam Mukeshbhai Desai and Sohiniben Mukeshkumar Desai.
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 701 7th Floor Venus Atlantis Corporate Park 100 Feet Road Prahlad Nagar Satelite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.56 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹38.38 Lakh (net margin 4.5%) and EBITDA of ₹68.27 Lakh (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 34% over five years.
The company has about 202 employees on its provident fund (EPFO) records.
Upman Placements Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0025086). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website upman.in.
Company details
CIN U74910GJ2010PTC060922
Registration Number 060922
Incorporation Date 02 June 2010
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-01-0025086
Recognitions & Rankings of Upman Placements
Contact details
Upman Placements Private Limited's registered office is in Ahmedabad, Gujarat. Its website is upman.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address701 7th Floor Venus Atlantis Corporate Park 100 Feet Road Prahlad Nagar Satelite, Ahmedabad, Gujarat, India – 380015
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Upman Placements Private Limited, buy the company report.
Comprehensive company report
Upman Placements 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Upman Placements 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 Upman Placements Private Limited, buy the company report.
Financials of Upman Placements Private Limited
FY 2025 filings availableUpman Placements Private Limited reported revenue of ₹8.56 Cr (up 17% YoY) for FY 2024.
Revenue · FY 2024
₹8.56 Cr ▲ 17%
Net profit · FY 2024
₹38.38 Lakh margin 4.5%
EBITDA · FY 2024
₹68.27 Lakh margin 8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 35%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 41%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 17% growth in the latest year. EBITDA rose 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹68.27 Lakh | ||||
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| Net Profit (PAT) | ₹38.38 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 8% | ||||
| Net Profit Margin | 4.5% | ||||
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To see the full financial statements and ratios of Upman Placements Private Limited, buy the company report.
Board of directors of Upman Placements Private Limited
Upman Placements has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nigam Mukeshbhai Desai | Director | 02 Jun 2010 | 16 Years 4 Months | Current |
| Sohiniben Mukeshkumar Desai | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
Auditor
Upman Placements Private Limited is audited by PRANAY B SHAH AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRANAY B SHAH AND ASSOCIATES | FY 2021 | 131360W |
Shareholding
The shareholding of Upman Placements Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Upman Placements Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Upman Placements 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 Upman Placements Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Upman Placements Private Limited has a workforce of 202 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
202
Active EPFO establishments
1
Employee growth
18.82%
GST
Upman Placements has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCU1825D1ZU | Gujarat | Active | 01 Jul 2017 |
| 27AABCU1825D1ZO | Maharashtra | Active | 16 Jul 2019 |
To see the full GST registrations and return filing status of Upman Placements Private Limited, buy the company report.
Recent activity
Upman Placements Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Mukesh Desai ceased to be Director on 15 Nov 2020.
AGM
Upman Placements Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Upman Placements Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Mukesh Desai ceased to be Director.
Ceased
Shweta Nigam Desai ceased to be Director.
Appointed
Sohiniben Mukeshkumar Desai was appointed as Director.
Appointed
Nigam Mukeshbhai Desai was appointed as Director.
Incorporation
02 Jun 2010
Upman Placements Private Limited was registered on 02 Jun 2010 with Roc Ahmedabad & aged 16 years 4 months as per MCA records.
Frequently asked questions
Upman Placements is an active private limited company based in Ahmedabad, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 02 June 2010 (16+ years old) and is registered under CIN U74910GJ2010PTC060922.
Upman Placements has 2 current directors:
- Nigam Mukeshbhai Desai - Director
- Sohiniben Mukeshkumar Desai - Director
The latest financial statements of Upman Placements 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 Upman Placements is 24AABCU1825D1ZU, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCU1825D1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Upman Placements is U74910GJ2010PTC060922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upman Placements was incorporated on 02 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mukesh Desai ceased to be Director on 15 Nov 2020. Shweta Nigam Desai ceased to be Director on 29 Jun 2019. Sohiniben Mukeshkumar Desai was appointed as Director on 31 Mar 2015. Upman Placements has 4 board changes on record in total.
Yes, Upman Placements is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0025086).
Upman Placements can be reached through the website upman.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Upman Placements is at 701 7th Floor Venus Atlantis Corporate Park 100 Feet Road Prahlad Nagar Satelite, Ahmedabad, Gujarat, India – 380015.