Utkarsh Services Private Limited
About Utkarsh Services Private Limited
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Utkarsh Services Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 22 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2009PTC192579. Its GSTIN is 27AABCU0833D1ZQ (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sneha Santosh Sawant and Prathamesh Santosh Sawant.
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 Ramdev Park, Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.26 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹4.29 Lakh (net margin 0.1%) and EBITDA of ₹4.11 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 17% over five years.
The company has about 1,148 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address102 Wing 3B N G Silver Spring, Ramdev Park Road, Thane, Maharashtra, India – 401107
- 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 Services Private Limited
The main business activity of Utkarsh Services 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 Services Private Limited FY 2024 filings available
Utkarsh Services Private Limited reported revenue of ₹37.26 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Utkarsh Services Private Limited
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 79% 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 Services 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 | ₹4.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.29 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 Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Services 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 Services Private Limited
Utkarsh Services 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 |
|---|---|---|---|---|---|---|
| Logix Staffing Private Limited | ₹37.52 Cr (FY 2025) | •••• | •••• | 371.0% | •••• | Thane, Maharashtra, India |
| Placewell Industrial Services Private Limited | ₹37.41 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Innovsource Facilities Private Limited | ₹37.38 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Highsource HR Solutions Private Limited | ₹37.31 Cr (FY 2024) | •••• | •••• | 107.0% | •••• | Bengaluru, Karnataka, India |
| JKB Gas Private Limited | ₹37.29 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | 24 Parganas, West Bengal, India |
| Utkarsh Services Private Limited this company | ₹37.26 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Thane, Maharashtra, India |
| Cielo Talent India Private Limited | ₹37.23 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Gurugram, Haryana, India |
| Vishal Transport and HR Solutions Private Limited | ₹37.22 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Krishnagiri, Tamil Nadu, India |
| Right Management India Private Limited | ₹37.2 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Gurugram, Haryana, India |
| Golden Facilitation Services Private Limited | ₹37.02 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Harbir Singh Contractor Private Limited | ₹36.94 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Gautam Budh Nagar, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Utkarsh Services 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 Services Private Limited
Utkarsh Services Private Limited is audited by VORA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VORA & ASSOCIATES | 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 Services Private Limited
Utkarsh Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sneha Santosh Sawant | Director | 01 Feb 2013 | 13 Years 8 Months | Current |
| Prathamesh Santosh Sawant | Director | 24 Nov 2018 | 7 Years 10 Months | Current |
| Santosh Subhanji Sawant | Director | 22 May 2009 | 17 Years 4 Months | Current |
Ownership and Shareholding of Utkarsh Services 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 Services Private Limited
Utkarsh Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Utkarsh Services Private Limited
Utkarsh Services Private Limited has a workforce of 1,148 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.
Recent Activity on Utkarsh Services Private Limited
Utkarsh Services Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Manoj Pratap Rane ceased to be Director on 25 Mar 2021.
Credit Ratings, Litigation & Regulatory Alerts for Utkarsh Services 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 Services 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 Services 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 Services Private Limited
Utkarsh Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU0833D1ZQ | Maharashtra | 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 Services 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 Services Private Limited
Utkarsh Services is an active private limited company based in Thane, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 22 May 2009 (17+ years old) and is registered under CIN U72900MH2009PTC192579.
Utkarsh Services reported revenue of ₹37.26 Cr for FY 2025 (down 23% YoY).
Utkarsh Services has 3 current directors:
- Sneha Santosh Sawant - Director
- Prathamesh Santosh Sawant - Director
- Santosh Subhanji Sawant - Director
Utkarsh Services reported a net profit of ₹4.29 Lakh (net margin 0.1%) and EBITDA of ₹4.11 Lakh (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Utkarsh Services is -10% over three years and 17% 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 Utkarsh Services is 27AABCU0833D1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Utkarsh Services is U72900MH2009PTC192579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utkarsh Services was incorporated on 22 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Utkarsh Services by revenue are Logix Staffing Private Limited, Placewell Industrial Services Private Limited, Innovsource Facilities Private Limited, Highsource HR Solutions Private Limited, JKB Gas Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Manoj Pratap Rane ceased to be Director on 25 Mar 2021. Prathamesh Santosh Sawant was appointed as Director on 24 Nov 2018. Sneha Santosh Sawant ceased to be Additional Director on 30 Sep 2017. Utkarsh Services has 5 board changes on record in total.
The registered office of Utkarsh Services is at 102 Wing 3B N G Silver Spring, Ramdev Park Road, Thane, Maharashtra, India – 401107.