Zuari Management Services Limited

Zuari Management Services Limited - business outsourcing in Zuarinagar, Goa, India. FY 2026 financials and compliance.
CIN U74900GA2006PLC004921 Incorporated 06 December 2006 ROC Goa HQ Zuarinagar, Goa, India
Active Public Limited Company business outsourcing
Data last updated
Revenue · FY 2025
₹40.48 Cr
▼ 5.00% YoY
EBITDA · FY 2025
*****
▼ 43.00% YoY
Net profit · FY 2025
*****
▲ 103.00% YoY
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹139 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
1,202
Latest available

About Zuari Management Services Limited

Data last updated: 04 February 2026

Zuari Management Services Limited is a public limited company based in Zuarinagar, Goa, India, a subsidiary of Zuari Industries Limited. It specialises in business and IT consulting, a part of the broader business process outsourcing sector. Incorporated on 06 December 2006, the company has been in operation for over 20 years.

Registered with ROC Goa under CIN U74900GA2006PLC004921.

Capital: an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. Formerly known as Zuari Sez Limited and Zuari Infrastructure and Developers Limited. It is led by directors including Naveen Kumar Kapoor and Athar Shahab.

Last AGM: 17 September 2025. Financial statements filed for year ended 31 March 2025. Office: Jai Kisaan Bhawan, Zuarinagar, Goa, India – 403726.

As per the financials filed for FY 2025, the company reported a revenue of ₹40.48 Cr, a decline of 5% compared to the previous year.

The company has a workforce of approximately 1,202 employees as per the latest available data. It operates as a subsidiary of Zuari Industries Limited.

As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹139 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 zuariservices.com.

Company Details of Zuari Management Services Limited
CIN U74900GA2006PLC004921
Registration Number 004921
Incorporation Date 06 December 2006
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Zuari Industries Limited
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    **************
  • Social Media
  • Registered Address
    Jai Kisaan Bhawan, Zuarinagar, Goa, India – 403726
  • Industry
    Business Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management
Company report
Zuari Management Services Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Zuari Management Services Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Zuari Management Services Limited

Zuari Management Services Limited has undergone 2 name changes throughout its history. The company was previously known as Zuari Sez Limited, and Zuari Infrastructure And Developers Limited. The current legal name is Zuari Management Services Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Zuari Management Services Limited Current
Zuari Sez Limited Previous
Zuari Infrastructure And Developers Limited Previous

CIN History of Zuari Management Services Limited

Zuari Management Services Limited has one previous CIN (Corporate Identification Number): U74999GA2006PLC004921. The current CIN is U74900GA2006PLC004921, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
U74900GA2006PLC004921 Current
U74999GA2006PLC004921 Previous

Business Activity of Zuari Management Services Limited

Zuari Management Services Limited is engaged in the principal business activity of professional, scientific and technical, with detailed activities including management consultancy activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
M Professional, Scientific and Technical M3 Management consultancy activities *********

Auditor Details of Zuari Management Services Limited

Zuari Management Services Limited is audited by V SANKAR AIYAR & CO for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
V SANKAR AIYAR & CO blur-value blur-value blur-value

Board of Directors of Zuari Management Services Limited

Zuari Management Services Limited is currently managed by 7 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Naveen Kumar Kapoor Director 31 Oct 2020 5 Years 8 Months Current
Athar Shahab Director 01 Feb 2022 4 Years 5 Months Current
Nitin Manguesh Kantak Director 01 Jan 2018 8 Years 6 Months Current
Roy Joseph Director 22 Nov 2023 2 Years 7 Months Current
Jeetej Bakhsheesh Singh Director 22 Nov 2023 2 Years 7 Months Current
Gurdeep Singh Whole-Time Director 21 Mar 2024 2 Years 3 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Zuari Management Services Limited FY 2025 filings available

Zuari Management Services Limited reported revenue of ₹40.48 Cr (down 5% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹40.48 Cr ▼ -5%
Profit
***** ▲ 103%
EBITDA
***** ▼ -43%
Metrics
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Revenue
Revenue from Operations
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Revenue Growth %
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Other Income
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Total Revenue
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Expenses
Total Expenses
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Raw Material Cost
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Change in Inventory FG
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Change in Inventory WIP
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Purchase of Traded Goods
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Employee Cost
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Managerial Remuneration
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Audit Fees
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Insurance
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Power & Fuel
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Interest
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Depreciation
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Other Expenses
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Profitability
EBITDA (Operating Profit)
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Operating Margin %
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Exceptional Items
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
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Profit Before Tax
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Tax & Net Profit
Tax Expense
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
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Total Assets
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Metrics
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Cash from Operating Activities (CFO)
Profit Before Tax
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Non-Cash Adjustments
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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- Interest Income
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
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Debt / EBITDA
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Solvency
D/E Ratio
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ICR
*****
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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of Zuari Management Services Limited

As of FY 2023, Zuari Management Services Limited's shareholding pattern shows 99.86% by promoters, 0.14% by others. The promoters hold a majority stake, indicating strong promoter control.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

Charges & Borrowings of Zuari Management Services Limited

Open charges
₹50 Cr
Satisfied charges
₹139 Cr
Breakdown by lending institutions
Others₹50.00 Cr
Latest charge details
DateLenderAmountStatus
30 Dec 2025 Others ₹25 Cr Open
30 Dec 2025 Others ₹25 Cr Open
01 Nov 2022 Others ₹75 Cr Satisfied
09 Oct 2020 Others ₹45 Cr Satisfied
27 Sep 2019 Others ₹19 Cr Satisfied

Total charge records: 5 View all charges

Employees and EPFO Compliance at Zuari Management Services Limited

Zuari Management Services Limited has a workforce of 1,202 employees as of Mar 30, 2024.

Employee count
1,202
Active EPFO establishments
1
Employee growth
-0.08%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Zuari Management Services Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Zuari Management Services Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Zuari Management Services Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Zuari Management Services Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Zuari Management Services Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Zuari Management Services Limited

MSME Payment Delays by Zuari Management Services Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Zuari Management Services Limited

Subsidiaries & Group Companies of Zuari Management Services Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Zuari Management Services Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Zuari Management Services Limited

MCA Filings & Documents of Zuari Management Services Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Zuari Management Services Limited

Charges
30 Dec 2025
A charge with Others amounted to Rs. 2,500.00 Lakh with Charge ID 101221786 was registered on 30 Dec 2025.
Charges
30 Dec 2025
A charge with Others amounted to Rs. 2,500.00 Lakh with Charge ID 101222027 was registered on 30 Dec 2025.
Activity
17 Sep 2025
Zuari Management Services Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Directors
19 Aug 2025
Siddharth Vijay Sethi was appointed as a Ceo on 19 Aug 2025 & has been associated with this company since 10 months 22 days.
Charges
07 May 2025
A charge registered on 09 Oct 2020 via Charge ID 100412763 with Others was fully satisfied on 07 May 2025.
Activity
31 Mar 2025
Zuari Management Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.

Frequently Asked Questions about Zuari Management Services Limited

Zuari Management Services Limited is an active public limited company in the business outsourcing sector based in Zuarinagar, Goa, India. It was incorporated on 06 December 2006 (20+ years old) and is registered under CIN U74900GA2006PLC004921. The company has 1,202 employees.

Zuari Management Services Limited reported revenue of ₹40.48 Cr for FY 2025 (down 5.00% YoY).

The current directors of Zuari Management Services Limited are:

The primary industry of Zuari Management Services Limited is business outsourcing. The company specifically operates in business and IT consulting. The company is currently active in this sector.

Zuari Management Services Limited can be reached at the registered office: Jai Kisaan Bhawan, Zuarinagar, Goa, India – 403726, or through the website zuariservices.com.

The authorised capital is ₹5 Lakh, and the paid-up capital is ₹5 Lakh.

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