About Utkarsh Placement Private Limited
Data last updated:
Utkarsh Placement Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 17 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2005PTC045706. Its GSTIN is 24AAACU7409G1ZH (Gujarat).
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Nikki Piyush Garg (Whole-Time Director) and Divya Pushkin Garg (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 425 Centre Pointr C Dutt Road Alkapuri, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.11 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹43.05 Lakh (net margin -13.8%) and EBITDA of -₹36.12 Lakh (EBITDA margin -11.6%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 2% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Utkarsh Placement. As per MCA filings, the company has open charges of ₹56 Lakh and satisfied charges of ₹77.36 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website uppl.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address425 Centre Pointr C Dutt Road Alkapuri, Vadodara, Gujarat, India – 390007
- 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
Business Activity of Utkarsh Placement Private Limited
The main business activity of Utkarsh Placement 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.
Financials of Utkarsh Placement Private Limited FY 2025 filings available
Utkarsh Placement Private Limited reported revenue of ₹3.11 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Utkarsh Placement Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 6% fall in the latest year. EBITDA fell 495% 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 Utkarsh Placement 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 | -₹36.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹43.05 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 of Utkarsh Placement Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -13.8% | •••• | •••• | •••• | •••• |
| 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 Utkarsh Placement 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 Utkarsh Placement Private Limited
Utkarsh Placement Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Volksy Technologies Private Limited | ₹3.12 Cr (FY 2023) | •••• | •••• | 232.0% | •••• | Hyderabad, Telangana, India |
| Cyber Windows India Private Limited | ₹3.12 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Scares Services Private Limited | ₹3.12 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Chennai, Tamil Nadu, India |
| Padink Engineering Services Private Limited | ₹3.11 Cr (FY 2024) | •••• | •••• | 105.0% | •••• | Chennai, Tamil Nadu, India |
| Wizcom Quick Info Private Limited | ₹3.11 Cr (FY 2024) | •••• | •••• | -43.0% | •••• | Delhi, India |
| Utkarsh Placement Private Limited this company | ₹3.11 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Vadodara, Gujarat, India |
| Scrabble Advisors Private Limited | ₹3.11 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Mumbai, Maharashtra, India |
| Rize @ People Konnect Private Limited | ₹3.11 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Ab Softsource Private Limited | ₹3.11 Cr (FY 2015) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Connectpro Management Consultants Private Limited | ₹3.11 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | New Delhi, Delhi, India |
| White Horse Manpower Consultancy Private Limited | ₹3.1 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Utkarsh Placement by revenue in the Outsourcing industry (HR Outsourcing), 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 Utkarsh Placement Private Limited
Utkarsh Placement Private Limited is audited by M J M PATEL & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M J M PATEL & CO | 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 Utkarsh Placement Private Limited
Utkarsh Placement has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikki Piyush Garg | Whole-Time Director | 15 Apr 2005 | 21 Years 5 Months | Current |
| Divya Pushkin Garg | Whole-Time Director | 15 Apr 2005 | 21 Years 5 Months | Current |
| Piyush Brahmprakash Garg | Whole-Time Director | 17 Mar 2005 | 21 Years 6 Months | Current |
| Pushkin Brahmprakash Garg | Whole-Time Director | 17 Mar 2005 | 21 Years 6 Months | Current |
Ownership and Shareholding of Utkarsh Placement 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 Utkarsh Placement Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Nov 2024 | Others | ₹56 Lakh | Open |
| 25 Oct 2016 | Axis Bank Limited | ₹30.36 Lakh | Satisfied |
| 27 Apr 2005 | Others | ₹42 Lakh | Satisfied |
| 23 Apr 2005 | Corporation Bank | ₹5 Lakh | Satisfied |
Total charge records: 4 View all charges
Associated Brands with Utkarsh Placement Private Limited
Utkarsh Placement operates one associated brand: Utkarsh Placement. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides job placement and candidate vetting for leading companies across sectors. | uppl.in |
Employees and EPFO Compliance at Utkarsh Placement Private Limited
Utkarsh Placement Private Limited has a workforce of 18 employees as of Apr 05, 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.
Recent Activity on Utkarsh Placement Private Limited
Utkarsh Placement Private Limited has 5 board changes on record since 2005: 4 appointments and 1 cessation. The latest: Kusum Brhamprakash Garg ceased to be Director on 02 Nov 2014.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Utkarsh Placement 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 Utkarsh Placement 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 Utkarsh Placement 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 Utkarsh Placement Private Limited
Utkarsh Placement has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU7409G1ZH | Gujarat | 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 Utkarsh Placement 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 Utkarsh Placement Private Limited
Utkarsh Placement is an active private limited company based in Vadodara, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 17 March 2005 (21+ years old) and is registered under CIN U74140GJ2005PTC045706.
Utkarsh Placement reported revenue of ₹3.11 Cr for FY 2025 (down 6% YoY).
Utkarsh Placement has 4 current directors:
- Nikki Piyush Garg - Whole-Time Director
- Divya Pushkin Garg - Whole-Time Director
- Piyush Brahmprakash Garg - Whole-Time Director
- Pushkin Brahmprakash Garg - Whole-Time Director
Utkarsh Placement reported a net loss of ₹43.05 Lakh (net margin -13.8%) and EBITDA of -₹36.12 Lakh (EBITDA margin -11.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Utkarsh Placement is -8% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Utkarsh Placement is 24AAACU7409G1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Utkarsh Placement is U74140GJ2005PTC045706. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkarsh Placement was incorporated on 17 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Utkarsh Placement by revenue are Volksy Technologies Private Limited, Cyber Windows India Private Limited, Scares Services Private Limited, Padink Engineering Services Private Limited, Wizcom Quick Info Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Kusum Brhamprakash Garg ceased to be Director on 02 Nov 2014. Divya Pushkin Garg was appointed as Whole-Time Director on 15 Apr 2005. Nikki Piyush Garg was appointed as Whole-Time Director on 15 Apr 2005. Utkarsh Placement has 5 board changes on record in total.
Utkarsh Placement can be reached through the website uppl.in. Its registered office is in Vadodara, Gujarat, India.