About Whyflex Incorporation Private Limited
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Whyflex Incorporation Private Limited is a private limited company based in Bangalore North, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 22 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2016PTC086378. Its GSTIN is 29AABCW7792D1ZW (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Whyflex Human Capital Solutions Private Limited. It is led by directors Mallikarjun Matmari and Ediga Ganesh Kumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bangalore North, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.96 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.85 Lakh (net margin 2%) and EBITDA of ₹60.16 Lakh (EBITDA margin 8.6%).
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WhyFlex. As per MCA filings, the company has open charges of ₹4.89 Cr 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 whyflexhcs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 224 3rd Floor Ranka Junction, 80/3 Vijinapura Villege Old Madras Rd, Bangalore North, Karnataka, India – 560016
- 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 Whyflex Incorporation Private Limited
The main business activity of Whyflex Incorporation 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 Whyflex Incorporation Private Limited FY 2022 filings available
Whyflex Incorporation Private Limited reported revenue of ₹6.96 Cr (up 350% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Whyflex Incorporation Private Limited
Revenue rose 350% in the latest year. EBITDA rose 114% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Whyflex Incorporation Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹6.96 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹60.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.85 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Whyflex Incorporation Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2% | •••• | •••• | •••• | •••• |
| 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 Whyflex Incorporation are in the company report.
Financial statements from FY 2016
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 Whyflex Incorporation Private Limited
Whyflex Incorporation Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SKF Engineering Private Limited | •••• | •••• | •••• | •••• | - | Kurukshetra, Haryana, India |
| Abs Business Services Private Limited | •••• | •••• | •••• | •••• | 131 | New Delhi, Delhi, India |
| Hiliks Technologies Limited Listed | •••• | •••• | •••• | •••• | - | Seri Lingampally, Telangana, India |
| Ciel Technologies Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Infologitech (India) Private Limited | •••• | •••• | •••• | •••• | - | Seri Lingampally, Telangana, India |
| Whyflex Incorporation Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Carcon Fleet and Facility Management Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Katyayan HR Solutions Private Limited | •••• | •••• | •••• | •••• | 426 | Lucknow, Uttar Pradesh, India |
| Nxtsearch Recruitment Solutions Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Das Management Facility Private Limited | •••• | •••• | •••• | •••• | 198 | Delhi, India |
| Five Arms Management Services Private Limited | •••• | •••• | •••• | •••• | 12 | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Whyflex Incorporation by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Whyflex Incorporation Private Limited
Whyflex Incorporation Private Limited is audited by A P PRADEEP & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A P PRADEEP & 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 Whyflex Incorporation Private Limited
Whyflex Incorporation has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mallikarjun Matmari | Director | 22 Feb 2016 | 10 Years 7 Months | Current |
| Ediga Ganesh Kumar | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
Ownership and Shareholding of Whyflex Incorporation 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 Whyflex Incorporation Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2019 | Canara Bank | ₹4.89 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Whyflex Incorporation Private Limited
Whyflex Incorporation operates one associated brand: WhyFlex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers permanent recruiting, IT staff augmentation, temporary staffing, advisory consulting, executive search, and skill development. | whyflexhcs.com |
Employees and EPFO Compliance at Whyflex Incorporation Private Limited
Whyflex Incorporation Private Limited has a workforce of 32 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.
CIN History of Whyflex Incorporation Private Limited
Whyflex Incorporation has one previous CIN (Corporate Identification Number): U74900KA2016PTC086378. The current CIN is U74110KA2016PTC086378, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2016PTC086378 | Current |
| U74900KA2016PTC086378 | Previous |
Recent Activity on Whyflex Incorporation Private Limited
Whyflex Incorporation Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Ediga Ganesh Kumar ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Whyflex Incorporation 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 Whyflex Incorporation 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 Whyflex Incorporation 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 Whyflex Incorporation Private Limited
Whyflex Incorporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW7792D1ZW | Karnataka | 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 Whyflex Incorporation 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 Whyflex Incorporation Private Limited
Whyflex Incorporation is an active private limited company based in Bangalore North, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 22 February 2016 (10+ years old) and is registered under CIN U74110KA2016PTC086378.
Whyflex Incorporation reported revenue of ₹6.96 Cr for FY 2021 (up 350% YoY).
Whyflex Incorporation has 2 current directors:
- Mallikarjun Matmari - Director
- Ediga Ganesh Kumar - Director
Whyflex Incorporation reported a net profit of ₹13.85 Lakh (net margin 2%) and EBITDA of ₹60.16 Lakh (EBITDA margin 8.6%) for FY 2021, as per its filed financial statements.
The GSTIN of Whyflex Incorporation is 29AABCW7792D1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Whyflex Incorporation is U74110KA2016PTC086378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Whyflex Incorporation was incorporated on 22 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Whyflex Incorporation by revenue are SKF Engineering Private Limited, Abs Business Services Private Limited, Hiliks Technologies Limited, Ciel Technologies Private Limited, Infologitech (India) Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Ediga Ganesh Kumar ceased to be Additional Director on 31 Dec 2020. Ediga Ganesh Kumar was appointed as Director on 02 Mar 2020. Anil Krishna Bhat ceased to be Additional Director on 28 Sep 2018. Whyflex Incorporation has 5 board changes on record in total.
Whyflex Incorporation can be reached through the website whyflexhcs.com. Its registered office is in Bangalore North, Karnataka, India.
The registered office of Whyflex Incorporation is at No 224 3rd Floor Ranka Junction, 803 Vijinapura Villege Old Madras Rd, Bangalore North, Karnataka, India – 560016.