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Manpowergroup Services India
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Registered Details

MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED

www.manpowergroup.co.in

All Companies ›

Delhi ›

Business Services ›

MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED

Active

Updated: 13 Nov 2025

ManpowerGroup Services India Private Limited is a leading workforce solutions company that specializes in providing talent acquisition and workforce management services across India. It offers a range of services including recruitment process outsourcing (RPO), managed services provider (MSP) solutions, and talent consulting, helping organizations optimize their workforce and enhance productivity in a competitive market.

Manpowergroup Services India Private Limited, is an unlisted private company incorporated on 05 March, 1997. It is classified as a private limited company and is located in , Delhi. It's authorized share capital is INR 172.30 cr and the total paid-up capital is INR 172.20 cr.

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Business Services

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Company size

Auth Capital

₹ 172.3 Cr

Paidup Capital

₹ 172.2 Cr

Revenue

₹ 2000-2250 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

10.01%

₹ 2,129.7

EBITDA

-73.06%

₹ 6.2

Net Profit

-31.32%

₹ 20.7

Networth

10.92%

₹ 210.6

Borrowings

3.95%

₹ 79.0

Assets

6.85%

₹ 688.5

Gross Margin

100.0 %

Operating Margin

-0.9

0.3 %

Net Profit Margin

-0.59

1.0 %

Return on Equity

-6.06

9.8 %

ROCE

-18.71

2.7 %

Debt to Equity

-0.02

0.4

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (10)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Avneesh Makkar	02052098	11 years
Director	Ratish Kumar	10189984	2 years
Director	Devesh Gupta	10732460	1 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,844.7	1,662.2	1,715.2	1,921.3	2,107.2
Operating profit	18.8	11.3	18.7	22.9	6.2
Net profit	-3.9	6.6	35.8	30.2	20.7
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	1.0	0.7	1.1	1.2	0.3
Net margin	-0.2	0.4	2.1	1.6	1.0
Networth	117.2	123.8	159.7	189.9	210.6
Borrowings	212.0	124.3	97.0	76.0	79.0
Assets	621.4	581.8	654.5	644.3	688.5
Debt to equity	1.8	1.0	0.6	0.4	0.4
Current ratio	0.8	1.0	1.2	1.2	1.3
ROE	-3.3	5.3	22.4	15.9	9.8
Days payable	-	-	-	-	-
WC days	-19.0	2.0	18.0	17.0	22.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	172.2	172.2	172.2	172.2	172.2
Reserves	-55.0	-48.4	-12.5	17.7	38.4
Borrowings +	212.0	124.3	97.0	76.0	79.0
Long term borrowings	16.0	25.0	25.0	13.0	44.0
Short term borrowings	196.0	99.3	72.0	63.0	35.0
Trade payables +	145.9	163.3	188.5	184.0	178.4
Days payable	-	-	-	-	-
Other liabilities +	292.2	333.7	397.9	378.4	398.9
Other non-current liabilities	40.9	54.0	57.7	32.2	37.0
Other current liabilities	105.5	116.4	151.7	162.3	183.4
Total liabilities	621.4	581.8	654.5	644.3	688.5
Fixed Assets +	3.0	4.9	6.7	6.8	5.3
Tangible assets	3.0	4.9	6.7	6.8	5.3
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	227.3	134.7	70.9	84.9	102.4
Other non-current assets	41.3	54.5	82.1	54.5	59.7
Current assets +	349.9	387.8	494.8	498.1	521.0
Inventories	-	-	-	-	-
Trade receivables	288.4	303.8	428.6	419.1	445.2
Cash and cash equivalents	16.6	36.5	29.7	15.6	11.0
ST loans and advances	41.8	44.6	36.0	33.5	29.3
Other current assets	3.1	2.9	0.6	30.0	35.5
Total assets	621.4	581.8	654.5	644.3	688.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	27.71	29.6	26.31	26.73	25.01
Reserves	-8.85	-8.31	-1.91	2.74	5.58
Borrowings +	34.11	21.36	14.82	11.8	11.47
Long term borrowings	2.57	4.3	3.82	2.02	6.39
Short term borrowings	31.54	17.06	11.0	9.78	5.08
Trade payables	23.47	28.06	28.8	28.55	25.91
Other liabilities +	47.02	57.36	60.79	58.74	57.93
Other non-current liabilities	6.58	9.29	8.82	4.99	5.38
Other current liabilities	16.98	20.01	23.17	25.19	26.64
Total liabilities
Fixed Assets +	0.48	0.84	1.02	1.05	0.78
Tangible assets	0.48	0.84	1.02	1.05	0.78
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	36.57	23.15	10.84	13.17	14.88
Other non-current assets	6.65	9.36	12.55	8.47	8.67
Current assets +	56.3	66.66	75.6	77.31	75.67
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	46.41	52.22	65.48	65.04	64.66
Cash and cash equivalents	2.67	6.28	4.53	2.42	1.6
ST loans and advances	6.72	7.66	5.5	5.2	4.26
Other current assets	0.49	0.49	0.08	4.65	5.16
Total assets

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Equity Capital	172.2	172.2	172.2	172.2	172.2
Reserves	-83.4	-69.0	-51.0	-54.9	-48.3
Borrowings +	97.1	92.2	174.0	212.0	124.3
Long term borrowings	-	-	-	16.0	25.0
Short term borrowings	97.1	92.2	174.0	196.0	99.3
Trade payables +	51.5	37.6	85.0	145.9	163.3
Days payable	-	-	-	-	-
Other liabilities +	69.9	159.2	234.9	292.2	333.7
Other non-current liabilities	1.0	1.4	2.7	40.9	54.0
Other current liabilities	17.4	120.3	147.3	105.5	116.4
Total liabilities	255.7	354.7	530.2	621.5	581.9
Fixed Assets +	2.5	1.9	3.4	3.0	4.9
Tangible assets	2.5	1.9	3.4	3.0	4.9
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	86.2	60.7	152.1	227.3	134.7
Other non-current assets	2.5	3.9	4.7	41.3	54.5
Current assets +	164.6	288.2	369.9	349.9	387.9
Inventories	-	-	-	-	-
Trade receivables	150.9	237.9	304.3	288.4	303.8
Cash and cash equivalents	4.6	26.9	25.4	16.7	36.6
ST loans and advances	7.5	21.9	37.4	41.8	44.6
Other current assets	1.5	1.5	2.9	3.1	2.9
Total assets	255.7	354.7	530.2	621.5	581.9

Percentage of assets	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Equity Capital	67.35	48.55	32.48	27.71	29.59
Reserves	-32.63	-19.44	-9.62	-8.84	-8.3
Borrowings +	37.96	26.0	32.83	34.11	21.35
Long term borrowings	0.0	0.0	0.0	2.57	4.3
Short term borrowings	37.96	26.0	32.83	31.53	17.06
Trade payables	20.12	10.59	16.03	23.47	28.06
Other liabilities +	27.32	44.9	44.31	47.02	57.35
Other non-current liabilities	0.38	0.38	0.51	6.57	9.29
Other current liabilities	6.81	33.92	27.78	16.98	20.01
Total liabilities
Fixed Assets +	0.96	0.52	0.65	0.48	0.84
Tangible assets	0.96	0.52	0.65	0.48	0.84
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	33.7	17.12	28.69	36.57	23.15
Other non-current assets	0.98	1.1	0.89	6.65	9.36
Current assets +	64.36	81.25	69.78	56.3	66.66
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	59.03	67.07	57.4	46.41	52.22
Cash and cash equivalents	1.81	7.58	4.78	2.68	6.29
ST loans and advances	2.95	6.18	7.05	6.72	7.66
Other current assets	0.58	0.43	0.55	0.49	0.49
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,844.7	1,662.2	1,715.2	1,921.3	2,107.2
Sales growth %	8.26	-9.89	3.19	12.02	9.68
Expenses +	1,847.0	1,663.1	1,704.4	1,906.6	2,111.7
Cost of goods	-	-	-	-	-
Employee cost	1,681.2	1,554.0	1,566.7	1,763.9	1,964.5
Other costs	144.6	96.8	129.8	134.5	136.5
Operating profit +	18.8	11.3	18.7	22.9	6.2
Operating margin %	1.0	0.7	1.1	1.2	0.3
Other income	0.8	13.6	15.4	14.7	22.5
Interest	20.0	10.9	5.9	5.8	8.0
Depreciation	1.2	1.3	2.0	2.4	2.7
Exceptional items	-	-	-	-	-
Profit before tax	-1.8	12.1	26.2	29.3	18.0
Tax	2.1	5.5	-9.7	-0.9	-2.8
Profit - disc. ops	-	-	-	-	-
Net profit	-3.9	6.6	35.8	30.2	20.7
Net margin %	-0.2	0.4	2.1	1.6	1.0

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.96	99.19	99.11	99.24	98.94
Expenses +	100.09	99.25	98.48	98.48	99.16
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	91.1	92.74	90.53	91.11	92.25
Other costs	7.84	5.78	7.5	6.95	6.41
Operating profit	1.02	0.67	1.08	1.18	0.29
Other income	0.04	0.81	0.89	0.76	1.06
Interest	1.08	0.65	0.34	0.3	0.38
Depreciation	0.07	0.08	0.11	0.13	0.13
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-0.1	0.72	1.51	1.52	0.84
Tax	0.11	0.33	-0.56	-0.04	-0.13
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-0.21	0.39	2.07	1.56	0.97

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Sales +	1,034.0	1,461.0	1,703.8	1,844.7	1,662.2
Sales growth %	21.34	41.3	16.62	8.26	-9.89
Expenses +	1,019.9	1,444.2	1,699.4	1,847.0	1,663.1
Cost of goods	-	-	-	-	-
Employee cost	997.4	1,319.7	1,563.2	1,681.2	1,554.0
Other costs	14.8	115.3	125.0	144.6	96.8
Operating profit +	21.8	26.0	15.7	18.8	11.3
Operating margin %	2.1	1.8	0.9	1.0	0.7
Other income	4.3	5.6	0.3	0.8	13.6
Interest	6.9	8.2	10.4	20.0	10.9
Depreciation	0.8	1.0	0.8	1.2	1.3
Exceptional items	-	-	-	-	-
Profit before tax	18.4	22.1	4.5	-1.8	12.1
Tax	-1.1	7.7	-13.4	2.1	5.5
Profit - disc. ops	-	-	-	-	-
Net profit	19.5	14.5	17.9	-3.9	6.6
Net margin %	1.9	1.0	1.1	-0.2	0.4

Precentage of total income	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Sales	99.59	99.62	99.98	99.96	99.19
Expenses +	98.23	98.47	99.72	100.09	99.25
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	96.06	89.98	91.73	91.1	92.74
Other costs	1.43	7.87	7.33	7.84	5.78
Operating profit	2.1	1.77	0.92	1.02	0.67
Other income	0.41	0.38	0.02	0.04	0.81
Interest	0.66	0.56	0.61	1.08	0.65
Depreciation	0.08	0.07	0.05	0.07	0.08
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.77	1.51	0.27	-0.1	0.72
Tax	-0.11	0.52	-0.79	0.11	0.33
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.88	0.99	1.05	-0.21	0.39

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.8	1.0	0.6	0.4	0.4
Net Debt/Equity	1.7	0.7	0.4	0.3	0.3
Total Debt/Assets	0.3	0.2	0.1	0.1	0.1
Total Assets/Equity	5.3	4.7	4.1	3.4	3.3
Liquidity +
Current Ratio	0.8	1.0	1.2	1.2	1.3
Quick Ratio	0.8	1.0	1.2	1.2	1.3
Interest Coverage	0.9	1.0	3.2	4.0	0.8
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	1.0	0.7	1.1	1.2	0.3
Net Margin	-0.2	0.4	2.1	1.6	1.0
Return +
Return on Equity	-3.3	5.3	22.4	15.9	9.8
Pre-tax ROCE	-18.6	72.8	18.8	21.4	2.7
Return on Assets	-0.6	1.1	5.5	4.7	3.0
Pre-tax ROIC	5.6	4.7	7.4	8.2	1.2
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	57.0	67.0	91.0	80.0	77.0
Fixed Asset Turnover	616.9	342.0	257.1	283.8	394.6
Total Asset Turnover	3.0	2.9	2.6	3.0	3.1
Working Capital
Cash Conversion Cycle	57.0	67.0	91.0	80.0	77.0
Working Capital Days	-19.0	2.0	18.0	17.0	22.0

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Solvency +
Total Debt/Equity	1.1	0.9	1.4	1.8	1.0
Net Debt/Equity	1.0	0.6	1.2	1.7	0.7
Total Debt/Assets	0.4	0.3	0.3	0.3	0.2
Total Assets/Equity	2.9	3.4	4.4	5.3	4.7
Liquidity +
Current Ratio	1.0	1.1	0.9	0.8	1.0
Quick Ratio	1.0	1.1	0.9	0.8	1.0
Interest Coverage	3.2	3.2	1.5	0.9	1.0
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	2.1	1.8	0.9	1.0	0.7
Net Margin	1.9	1.0	1.1	-0.2	0.4
Return +
Return on Equity	22.0	14.0	14.8	-3.3	5.3
Pre-tax ROCE	1,946.4	62.6	-45.0	-18.6	72.5
Return on Assets	7.6	4.1	3.4	-0.6	1.1
Pre-tax ROIC	11.6	14.8	5.5	5.6	4.7
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	53.0	59.0	65.0	57.0	67.0
Fixed Asset Turnover	421.9	785.5	498.2	616.9	342.0
Total Asset Turnover	4.0	4.1	3.2	3.0	2.9
Working Capital
Cash Conversion Cycle	53.0	59.0	65.0	57.0	67.0
Working Capital Days	0.0	10.0	-8.0	-19.0	2.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
EXPERIS SOLUTIONS PRIVATE LIMITED	Under Liquidation	10.1 L	1	Delhi
SARISKA JUNGLE LODGE PRIVATE LIMITED	Active	1.1 L	1	Rajasthan
RIGHT MANAGEMENT INDIA PRIVATE LIMITED	Active	9.5 Cr	2	Haryana
ROTOSTAT SERVICES PRIVATE LIMITED	Active	3.6 Cr	1	Maharashtra
EXPERIS IT PRIVATE LIMITED	Active	2.3 Cr	2	West Bengal

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
EXPERIS SOLUTIONS PRIVATE LIMITED	Delhi	2005	₹ 10.1 L

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE
CASH DETERIORATING

Low Risk

ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U74910DL1997PTC085591

PAN

AABCM6914F

Incorporation

1997, 28.7 years

Company Email

kartik.kapoor@manpowergroup.com

Paid up Capital

₹ 172.2 Cr

Authorised Capital

₹ 172.3 Cr

AGM

Jul 2025

Type

Private

Others

FAQ - MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED

What is the incorporation date of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED?

The incorporation date of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED is 05 March, 1997

What is the authorized share capital of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED?

The authorized share capital of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED is INR ₹ 172.3 Cr.

What is the paid-up capital of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED?

The paid-up capital of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED is INR ₹ 172.2 Cr.

What is the registered address of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED?

The registered address of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED is Suite No. A, 1A, on First Floor, Indra Palace, Gobind Mansion. H-Block, Connaught Circu, s, Central Delhi, New Delhi, Delhi, India, 110001 - 110001

What is the CIN number of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED?

The CIN number of MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED is U74910DL1997PTC085591.

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