Company Intelligence Profile
Teamnest Employee Services Private Limited
TeamNest (trading/brand name of Teamnest Employee Services Pvt Ltd, "TESPL") is a cloud-based Payroll and HR Management System (HRMS) platform for SMBs and enterprises.
Last updated 4 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Teamnest Employee Services
Deeper analysis, financial signals and peer comparisons.
Company Identity
Confirmed| Registered name | Teamnest Employee Services Private Limited |
|---|---|
| CIN | U93090MH2017PTC294505 |
| PAN | AAGCT2410G |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 01 May 2017 |
| ROC | RoC Mumbai / Maharashtra |
| Sector (NIC) | NIC: Other service activities / classified by TheCompanyCheck under HR & placement/support-services activities (Placement agencies and HR management services); operates in IT-enabled HR SaaS (Cloud HRMS) |
| Registered address | 410, Floor-4, Tulsiani Chambers, Free Press Journal Marg, Nariman Point, Mumbai City, Mumbai, Maharashtra, India – 400021 |
| Authorized capital | ₹75.0 Lakh |
| Paid-up capital | ₹62.51 Lakh (Issued & Subscribed: ₹62.51 Lakh) |
Business Overview
Confirmed- TeamNest (trading/brand name of Teamnest Employee Services Pvt Ltd, "TESPL") is a cloud-based Payroll and HR Management System (HRMS) platform for SMBs and enterprises
- Per the company's official site (teamnest.com), it offers 14 integrated modules — attendance tracking, leave management, expense management, payroll processing, statutory compliance, employee engagement, and onboarding — and serves "450+ clients in 9 countries" including India, UAE (Dubai), UK and parts of Europe
- The company holds ISO 27001:2022 and ISO 20000-1:2018 certifications
- Source: teamnest.com (primary/official)
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Prashant Anant Shah | 00933388 | - | - |
| Mahesh Ishwardas Jethani | 06920267 | - | - |
| Saumil Yogesh Gandhi | 01526453 | - | - |
| Ketan Jasubhai Shah | 07579384 | - | - |
| Rachit Kwatra | 10122166 | - | - |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAGCT2410G1ZN | Maharashtra | AAGCT2410G | - |
Primary GSTIN: 27AAGCT2410G1ZN (Maharashtra, state code 27) — sourced directly from the company's own official website (teamnest.com), a primary source; treated as confirmed. PAN: AAGCT2410G (matches PAN on Tofler/company site). Home state: Maharashtra. Number of registrations / status of each: not obtained (only the Maharashtra/primary GSTIN was found; multi-state registration count and individual statuses were not accessible via knowyourgst.com/mastersindia.co, which returned errors/404).
Financials
Partial / conflictingFY2023-24:
- Revenue: ₹1–10 crore band, +39.33% YoY
- EBITDA: declined sharply (-4086.53% YoY, i.e., turned/worsened materially negative)
- Net Profit (PAT): declined -2760.84% YoY (loss-making)
- Net Worth: +28.22% YoY
- Total Assets: +27.1% YoY
- Borrowings: reduced 100% (now zero / debt-free)
- Margins: Operating margin -114.89%, Net margin -77.12%, ROE -23.79%, ROCE -246.88%
- Revenue ₹1.64 Cr, +18.00% YoY
- EBITDA and PAT locked/not obtained
the two sources cite different fiscal years and revenue bases — flagged as a possible source conflict / different reporting periods; treat as partial/unconfirmed at exact-figure level.
Charges / Loans
ConfirmedNo charges or secured borrowings are registered against this company's assets.
Legal / Litigation
Confirmed- Confirmed none found
- Indian Kanoon search for "Teamnest Employee Services Private Limited" returned zero matching cases
Competitors
Partial / conflictingNamed HR/payroll SaaS peers:
- Keka HR (mid-size, well-funded HRMS/payroll leader)
- greytHR (large-scale, long-established HR/payroll SaaS)
- Darwinbox (large, well-funded, enterprise HRMS unicorn-adjacent)
- Zoho People (part of large Zoho suite, big scale)
- HROne (mid-size HRMS/payroll SaaS)
- RazorpayX Payroll (payroll module of a large fintech, big scale)
Teamnest itself appears to be a small-scale player (sub-₹10 Cr revenue band) relative to these larger, well-funded peers.
Frequently Asked Questions
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