Zugang Manpowers India Private Limited

Zugang Manpowers India Private Limited - business outsourcing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U93000MH2018PTC305256 Incorporated 20 February 2018 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company business outsourcing DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2024
₹9.43 Cr
▼ 55% YoY
Net profit · FY 2024
₹5.69 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹17.37 Lakh
EBITDA margin 1.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹15.99 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
256
Provident fund records

About Zugang Manpowers India Private Limited

Data last updated:

Zugang Manpowers India Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 20 February 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2018PTC305256. Its GSTIN is 27AABCZ1762A1ZL (Maharashtra).

The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Souvik Sankar Bose and Namita Hemant Wagle.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹9.43 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹5.69 Lakh (net margin 0.6%) and EBITDA of ₹17.37 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 17% over five years.

The company has about 256 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: ZUGANG Manpowers. As per MCA filings, the company has open charges of ₹15.99 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.

Zugang Manpowers India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0043058). For more details, the company can be reached via its website zugangindia.com.

Company details

CIN U93000MH2018PTC305256
Registration Number 305256
Incorporation Date 20 February 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0043058
Key People
Souvik Sankar Bose Director Namita Hemant Wagle Director

Recognitions & Rankings of Zugang Manpowers India

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0043058

Contact details

Zugang Manpowers India Private Limited's registered office is in Mumbai, Maharashtra. Its website is zugangindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    zugangindia.com
  • Social Media
  • Registered Address
    Office No. 506/507 Timmy Arcade Makwana Road, Near Marol Metro Station Andheri East, Mumbai, Maharashtra, India – 400059
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management

To see the full contact details of Zugang Manpowers India Private Limited, buy the company report.

Comprehensive company report
Zugang Manpowers India Private Limited - one report that includes everything
  • 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
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Brands

Zugang Manpowers India operates one associated brand: ZUGANG Manpowers. Each brand links to its own profile.

BrandDescriptionWebsite
ZUGANG Manpowers
Provides recruitment services to connect organizations with qualified candidates.zugangindia.com

Business activity

The main business activity of Zugang Manpowers India is support service to organizations. In detail, this covers placement agencies and hr management services.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN2Placement agencies and HR management services

To see the full business activity and turnover split of Zugang Manpowers India Private Limited, buy the company report.

Financials of Zugang Manpowers India Private Limited

FY 2025 filings available

Zugang Manpowers India Private Limited reported revenue of ₹9.43 Cr (down 55% YoY) for FY 2024.

Revenue · FY 2024
₹9.43 Cr ▼ 55%
Net profit · FY 2024
₹5.69 Lakh margin 0.6%
EBITDA · FY 2024
₹17.37 Lakh margin 1.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 11%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 17%
5 years · compounded
▲ 22%

Revenue fell 55% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 11% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹17.37 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.69 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin1.8%
Net Profit Margin0.6%
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

To see the full financial statements and ratios of Zugang Manpowers India Private Limited, buy the company report.

Board of directors of Zugang Manpowers India Private Limited

Zugang Manpowers India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Souvik Sankar Bose
Also directs: Innohaven India Private Limited
Director20 Feb 20197 Years 8 MonthsCurrent
Namita Hemant Wagle
Also directs: Innohaven India Private Limited
Director20 Feb 20197 Years 8 MonthsCurrent
View all directors

Auditor

Zugang Manpowers India Private Limited is audited by Shankar & Kishor for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Shankar & KishorFY 2023112451W

Shareholding

The shareholding of Zugang Manpowers India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Zugang Manpowers India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15.99 Lakh
Satisfied charges
None
Breakdown by lending institutions
Hdfc Bank Limited₹0.16 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Sep 2023100842903Hdfc Bank Limited₹15.99 LakhOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Zugang Manpowers India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Zugang Manpowers India Private Limited has a workforce of 256 employees on its EPFO records as of Nov 25, 2024, across 1 active EPFO establishment.

Employee count
256
Active EPFO establishments
1
Employee growth
-46.22%

GST

Zugang Manpowers India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCZ1762A1ZLMaharashtraActive13 Mar 2018

To see the full GST registrations and return filing status of Zugang Manpowers India Private Limited, buy the company report.

Recent activity

Zugang Manpowers India Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Balasaheb Salunkhe Shrirang ceased to be Director on 20 Feb 2019.

AGM
Zugang Manpowers India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Zugang Manpowers India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.99 Lakh with Charge ID 100842903 was registered on 16 Sep 2023.
Ceased
Balasaheb Salunkhe Shrirang ceased to be Director.
Ceased
Mangal Balaso Salunke ceased to be Director.
Appointed
Namita Hemant Wagle was appointed as Director.
Appointed
Souvik Sankar Bose was appointed as Director.
Appointed
Balasaheb Salunkhe Shrirang was appointed as Director.
Appointed
Mangal Balaso Salunke was appointed as Director.
Incorporation
20 Feb 2018
Zugang Manpowers India Private Limited was registered on 20 Feb 2018 with Roc Mumbai I & aged 8 years 8 months as per MCA records.

Frequently asked questions

Zugang Manpowers India is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 20 February 2018 (8+ years old) and is registered under CIN U93000MH2018PTC305256.

Zugang Manpowers India has 2 current directors:

The latest financial statements of Zugang Manpowers India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Zugang Manpowers India is 27AABCZ1762A1ZL, registered in Maharashtra.

The CIN (Corporate Identification Number) of Zugang Manpowers India is U93000MH2018PTC305256. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Zugang Manpowers India has 2 court cases on record: 2 filed against it. 1 is pending.

Zugang Manpowers India was incorporated on 20 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.

Balasaheb Salunkhe Shrirang ceased to be Director on 20 Feb 2019. Mangal Balaso Salunke ceased to be Director on 20 Feb 2019. Namita Hemant Wagle was appointed as Director on 20 Feb 2019. Zugang Manpowers India has 6 board changes on record in total.

Yes, Zugang Manpowers India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Zugang Manpowers India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0043058).