Financial Performance Highlights (H1 FY27 vs H1 FY26)

Income Statement (₹ Lakhs)

  • Revenue from Operations: ₹16,444.46 (vs ₹10,859.35 in H1 FY26) - 51.43% YoY growth
  • Other Income: ₹267.11 (vs ₹9.82 in H1 FY26)
  • Total Income: ₹16,711.57 (vs ₹10,869.17 in H1 FY26) - 53.75% YoY growth
  • Cost of Services Rendered: ₹15,591.31 (vs ₹10,234.94 in H1 FY26)
  • Employee Benefits Expense: ₹326.77 (vs ₹201.24 in H1 FY26)
  • Other Expenses: ₹123.35 (vs ₹64.05 in H1 FY26)
  • EBITDA: ₹670.14 (vs ₹368.94 in H1 FY26) - 81.64% YoY growth
  • Finance Costs: ₹0.96 (vs ₹1.29 in H1 FY26)
  • Depreciation and Amortization Expense: ₹11.65 (vs ₹16.88 in H1 FY26)
  • Profit Before Tax: ₹657.53 (vs ₹350.77 in H1 FY26) - 87.45% YoY growth
  • Tax Expense: ₹36.37 (vs ₹32.67 in H1 FY26)
  • PAT: ₹621.16 (vs ₹318.09 in H1 FY26) - 95.28% YoY growth

Operational Metrics

  • Personnel deployed as of September 30, 2026: Over 15,000
  • FY26 workforce deployment: 10,621 personnel
  • Operational footprint: 25 states across India

Balance Sheet Position (as of September 30, 2026)

  • Shareholders' funds: ₹4,372.34 lakh
  • Net operating cash outflow in H1 FY27: ₹1,047.92 lakh (due to higher receivables)

Historical Financials (FY26 vs FY25)

  • FY26 Revenue from Operations: ₹23,451.00 (vs ₹28,318.88 in FY25)
  • FY26 PAT: ₹750.29 (vs ₹979.86 in FY25)
  • FY26 Net Worth: ₹3,751.18 (vs ₹1,815.28 in FY25)

Business Overview

PAN HR SOLUTION LIMITED is a human resource outsourcing and staffing company incorporated in December 2015, headquartered in Noida, Uttar Pradesh. The company provides workforce management solutions including talent acquisition, payroll support, compliance management, and deployment of skilled manpower across industries.

Core Service Offerings

  • HR Outsourcing Solutions (recruitment, onboarding, payroll administration)
  • Manpower Services (skilled, semi-skilled and unskilled workforce)
  • Payroll Management (end-to-end processing with statutory compliance)
  • Compliance Audit (labor law compliance audits and monitoring)
  • Facility Management (housekeeping, pantry management, office support)
  • Staffing Solutions (temporary, contractual and project-based staffing)

Key Clients and Industries

Serves clients across e-commerce, quick commerce, logistics, manufacturing, infrastructure, retail, and corporate services. The company has established long-term enterprise relationships with leading corporates in warehousing, logistics, and industrial segments.

Growth Strategies and Future Roadmap

  • Transition to Pay & Collect model (₹285.35 lakh of ₹975.00 lakh IPO working capital utilized by September 30, 2026)
  • Geographic expansion beyond Delhi-NCR into Tier-II cities and South/West India
  • Sector diversification into Quick Commerce, FMCG Warehousing, Healthcare Support Services, and Green Logistics
  • Client acquisition and deepening existing relationships
  • Expansion of higher-margin services (Payroll Outsourcing, Compliance Audit, HR Consulting)
  • Workforce scale-up to unlock operating leverage
  • Technology and process enhancement through automation and compliance infrastructure
  • Talent pipeline development leveraging government initiatives like NAPS

Market Context

  • Global HR professional services market: $7.79 billion in 2025, expected to reach $15.84 billion by 2030 at 15.4% CAGR
  • India's staffing industry benefits from formalization of employment, e-commerce growth, and increasing demand for flexible workforce models
  • North America was largest region in 2025; Asia-Pacific is fastest growing region

Management Team

  • Rajeev Kumar: Chairman & Managing Director (DIN: 07368623), founder with over a decade of experience
  • Rajni Kumari: Whole-Time Director, promoter with extensive administration experience
  • Vivek Mishra: Non-Executive Director, experienced in business management and governance
  • Sheetal Sharma: Independent Director, qualified advocate with legal and compliance expertise
  • Umesh Kumar Purbey: Independent Director, EHS and Fire Safety professional