Innovsource Services - About the company
Innovsource Services is an acquired company based in Mumbai (India), founded in 2004 by Raja Sekhar Reddy. It operates as a Provider of recruitment services. , with last known valuation of $*****. The company has 40853 active competitors, including 272 funded and 2052 that have exited. Its top competitors include companies like TriNet, CIEL HR and UKG.
Company Details
Provider of recruitment services. Its services span across general staffing, integrated facility management, apprenticeships, managed services, assessment, selection, onboarding, permanent staffing, skill development, Payroll Management, Manpower Outsourcing, and HR technology services.
- Website
- innov.in
- Social
- Email ID
- *****@innov.in, *****@innov.in, *****@innov.in
- Phone Number
- +91 **********
- Registered Address
- 115, 11th Floor, Plot No. 220,Maker Cha Nariman Point, Mumbai, Maharashtra, India, 400021
Key Metrics
Founded Year
2004
Location
Mumbai, India
Stage
Acquired
Last Known Valuation
$***** as on Jul 10, 2018
Investors
Ranked
184th among 40853 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
4,520 as on May 31, 2026
Similar Companies
Exit Details
Acquired by Samara Capital (Jul 10, 2018)
Legal entities associated with Innovsource Services
Innovsource Services is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CBSI INDIA PRIVATE LIMITED CIN: U74900MH2013PTC371734 , India, Amalgamated | Dec 23, 2013 | $10M - $50M (As on Mar 31, 2023) | 459 (As on Sep 30, 2024) | |
INNOVSOURCE SERVICES PRIVATE LIMITED CIN: U74900MH2016PTC273940 , India, Active | Mar 06, 2016 | $100M - $500M (As on Mar 31, 2025) | - | |
IMPLENIA SERVICES AND SOLUTIONS PRIVATE LIMITED CIN: U68100MH2004PTC145086 , India, Active | Mar 16, 2004 | $1M - $10M (As on Mar 31, 2025) | 12 (As on Nov 30, 2024) | |
INNOVSOURCE FACILITIES PRIVATE LIMITED CIN: U74999MH2017PTC291767 , India, Active | Feb 28, 2017 | $1M - $10M (As on Mar 31, 2025) | 1182 (As on Nov 30, 2024) |
Innovsource Services's acquisition details
Innovsource Services got acquired by Samara Capital, Goldman Sachs and Janchor Partners on Jul 10, 2018 at an acquisition amount of $*****.
Click here to take a look at Innovsource Services's acquisition in detail
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Innovsource Services's funding and investors
Innovsource Services is a funded company. Innovsource Services has 2 institutional investors.
View details of Innovsource Services's funding rounds and investors
Innovsource Services' founders and board of directors
Founder? Claim ProfileThe founders of Innovsource Services is Raja Sekhar Reddy. Manmeet Singh is the CEO of Innovsource Services.
Here are the details of Innovsource Services' key team members:
- Raja Sekhar Reddy: Former Co-Founder of Innovsource Services. They are also an angel investor in 1 startup.
- Manmeet Singh: CEO of Innovsource Services. They serve on the board of 1 company.
Innovsource Services' Board of Directors
Innovsource Services's board has 4 active members. Vaishali Nilesh Pandit and Manmeet Singh are part of team and Srinivasan Satish and Vasudeo Parmanand Prabhukhanolkar are independent board members.Here is the list of Innovsource Services' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
i{jwmwt | Team | - | Current | 6y 7m |
dwgspkp | Team | - | Past | 8y 7m |
rpcpadx | Team | - | Past | 8y 7m |
mnwqkxb | Team | - | Past | 4y 6m |
mzsammx | Team | - | Past | 2y 4m |
Independent board member | - | Current | 1y 7m | |
kakdakn | Independent board member | - | Past | 6y 4m |
xptrzou | Independent board member | - | Past | 6y 1m |
View details of Innovsource Services's Founder profiles and Board Members
Innovsource Services' employee count trend
Innovsource Services has 4,520 employees as of May 26. Here is Innovsource Services's employee count trend over the years:
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Innovsource Services's Competitors and alternates
Top competitors of Innovsource Services include TriNet, CIEL HR and UKG. Here is the list of Top 10 competitors of Innovsource Services, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  TriNet 1988, Dublin (United States), Public | Provider of HR solutions, payroll processing, and benefits administration services | $60M | 79/100 | |
2nd | Provider of HR management, recruitment and staffing services | $15.9M | 76/100 | ||
3rd |  UKG 1977, Weston (United States), Early Stage | Provider of HR and payroll & workforce management solutions | $6.09M | 74/100 | |
4th |  Alera Group 1995, Deerfield (United States), Acquired | Provider of HR, life & health insurance, general liability, and other services | $250M | 72/100 | |
5th |  CBRE 1906, Dallas (United States), Public | Provider of property management services | - | 72/100 | |
6th | ISS FS Integrated Solutions 1901, Mumbai (India), Public | Provider of integrated facility management services | - | 71/100 | |
7th | Insperity 1986, Kingwood (United States), Public | HR outsourcing service provider | - | 69/100 | |
8th | Provider of end to end HR services | - | 68/100 | ||
9th | Security and Intelligence Services 1998, Delhi (India), Public | Provider of security solutions and business support services | $54.7M | 67/100 | |
10th | Provider of HR, payroll outsourcing & consulting services | $1.06B | 67/100 | ||
184th |  Innovsource Services 2004, Mumbai (India), Acquired | Provider of recruitment services | - | 43/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Innovsource Services's competitors? Click here to see the top ones
Innovsource Services's Investments and acquisitions
Innovsource Services has made no investments or acquisitions yet.
News related to Innovsource Services
•
Spoton: Samara Capital, others buy Spoton for Rs 550 croreIndiatimes•Aug 28, 2018•Samara Capital, Xponentia Capital, Spoton Logistics, The Carlyle Group and 14 others
•
Samara Capital, Goldman Sachs and Janchor acquire two HR firmsVCCircle•Jul 10, 2018•Samara Capital, Janchor Partners, Innovsource Services, V5 Global and 1 other
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