About Zuari Management Services Limited
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Zuari Management Services Limited is a public limited company based in Zuarinagar, Goa, India, a subsidiary of Zuari Industries Limited. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 06 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U74900GA2006PLC004921.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Zuari Sez Limited and Zuari Infrastructure and Developers Limited. It is led by directors including Gurdeep Singh (Whole-Time Director) and Naveen Kumar Kapoor.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 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. For the same year it recorded a net profit of ₹2.65 Lakh (net margin 0.1%) and EBITDA of ₹8.76 Cr (EBITDA margin 21.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 11% over five years.
The company has about 1,202 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹139 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it. The company has 4 deals on record (3 secondary share transfers, 1 debt financing), with disclosed funding of ₹65 Cr; the latest was in April 2020.
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
Name history
Zuari Management Services 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.
| Company Name | Status |
|---|---|
| Zuari Management Services Limited | Current |
| Zuari Sez Limited | Previous |
| Zuari Infrastructure And Developers Limited | Previous |
CIN history
Zuari Management Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900GA2006PLC004921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900GA2006PLC004921 | Current |
| U74999GA2006PLC004921 | Previous |
| U74900HR2006PLC145367 | Previous |
Contact details
Zuari Management Services Limited's registered office is in Zuarinagar, Goa. Its website is zuariservices.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressJai Kisaan Bhawan, Zuarinagar, Goa, India – 403726
- IndustryBusiness Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management
To see the full contact details of Zuari Management Services Limited, buy the company report.
- 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
Business activity
The main business activity of Zuari Management Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Zuari Management Services Limited, buy the company report.
Financials of Zuari Management Services Limited
FY 2025 filings availableZuari Management Services Limited reported revenue of ₹40.48 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 43% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹8.76 Cr | ||||
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| Net Profit (PAT) | ₹2.65 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.6% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Zuari Management Services Limited, buy the company report.
Board of directors of Zuari Management Services Limited
Zuari Management Services has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Kumar Kapoor Also directs: Zuari Insurance Brokers Limited | Director | 31 Oct 2020 | 5 Years 11 Months | Current |
| Athar Shahab Also directs: Zuari Insurance Brokers Limited, Zuari Agro Chemicals Limited, Zuari Industries Limited and 5 more | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Nitin Manguesh Kantak Also directs: Zuari Agro Chemicals Limited, Simon India Limited, Mangalore Chemicals and Fertilisers Limited and 2 more | Director | 01 Jan 2018 | 8 Years 9 Months | Current |
| Roy Joseph Also directs: Roy Joseph's Bespoke Talent (OPC) Private Limited | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Jeetej Bakhsheesh Singh | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
| Gurdeep Singh Also directs: Forte Furniture Products India Limited | Whole-Time Director | 21 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Zuari Management Services Limited is audited by V SANKAR AIYAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SANKAR AIYAR & CO | FY 2023 | 109208W |
Shareholding
The shareholding of Zuari Management Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zuari Management Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2025 | 101221786 | Others | ₹25 Cr | Open | |
| 30 Dec 2025 | 101222027 | Others | ₹25 Cr | Open | |
| 01 Nov 2022 | 100702760 | Others | ₹75 Cr | Satisfied | |
| 09 Oct 2020 | 100412763 | Others | ₹45 Cr | Satisfied | |
| 27 Sep 2019 | 100297463 | Others | ₹19 Cr | Satisfied |
To see the full charge records of Zuari Management Services Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Zuari Management Services Limited has 4 deals on record (3 secondary share transfers, 1 debt financing), with disclosed funding of ₹65 Cr; the latest was in April 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2020 | Debt financing | ₹65 Cr | Investors: Ivy Icon Solutions LLP |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Zuari Global Limited and Jayant Vithal Panvelkar Seller: Zuari Global Limited and Albert Mascarenhas |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Zuari Global Limited and Nilesh Dessai, Zuari Global Limited and Alex Pacheco, Zuari Global Limited and Albert Mascarenhas Seller: Zuari Global Limited and Modur Padmanabhan Sridhar, Zuari Global Limited and Harshad Chandrakant Shah, Zuari Global Limited and Lingapuram Madhyagowder Chandrasekaran |
| Feb 2007 | Secondary share transfer | Undisclosed | Buyer: Zuari Global Limited and Modur Padmanabhan Sridhar, Zuari Global Limited and Narayanan Suresh Krishnan, Zuari Global Limited and Naveen Kumar Kapoor Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zuari Management Services Limited has 5 court cases on record: 3 filed by Zuari Management Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Zuari Industries Ltd., and 2 Ors., | Disposed |
| Bombay High Court | Court case (MCA) | Filed against the company by Zuari Industries Ltd., and 2 Ors., | Disposed |
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed by the company against Commissioner of Income Tax ,North Goa , Goa | Disposed |
| Bombay High Court | Court case (TXA) | Filed by the company against Commissioner of Income Tax, Panaji., | Disposed |
| Bombay High Court | Appeal | Filed by the company against Commissioner of Income Tax, Panaji., | Disposed |
To see the full case history of Zuari Management Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Zuari Management Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Zuari Management Services Limited has a workforce of 1,202 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Zuari Management Services Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Zuari Management Services Limited has 22 board changes on record since 2007: 6 appointments and 16 cessations. The latest: Jeetej Bakhsheesh Singh ceased to be Additional Director on 24 Sep 2024.
22 earlier events are in the company report.
Frequently asked questions
Zuari Management Services is an active public limited company based in Zuarinagar, Goa, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 06 December 2006 (20+ years old) and is registered under CIN U74900GA2006PLC004921.
Zuari Management Services has 6 current directors:
- Gurdeep Singh - Whole-Time Director
- Naveen Kumar Kapoor - Director
- Athar Shahab - Director
- Nitin Manguesh Kantak - Director
- Roy Joseph - Director
- Jeetej Bakhsheesh Singh - Director
The latest financial statements of Zuari Management Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Zuari Management Services is U74900GA2006PLC004921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zuari Management Services has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
Zuari Management Services was incorporated on 06 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Goa.
Zuari Management Services has 4 deals on record (3 secondary share transfers, 1 debt financing), with disclosed funding of ₹65 Cr; the latest was in April 2020.
Jeetej Bakhsheesh Singh ceased to be Additional Director on 24 Sep 2024. Roy Joseph ceased to be Additional Director on 24 Sep 2024. Gurdeep Singh was appointed as Whole-Time Director on 21 Mar 2024. Zuari Management Services has 22 board changes on record in total.
Zuari Management Services can be reached through the website zuariservices.com. Its registered office is in Zuarinagar, Goa, India.
The registered office of Zuari Management Services is at Jai Kisaan Bhawan, Zuarinagar, Goa, India – 403726.