HGM
HandsOn Global Management (HGM) financials
- Market cap
- ₹61 Cr
- Sector
- Information Technology
What HandsOn Global Management (HGM) Limited does
HandsOn Global Management (HGM) Limited, formerly HOV Services Limited, operates as a diversified services and investment company whose core business is software and IT-enabled services (outsourcing/BPO) delivered on a cost-plus-markup basis to customers, with revenue largely earned in US dollars against India-based costs. Its wholly owned US subsidiary HOVS LLC also holds a long-term strategic equity stake in Exela Technologies, Inc. The company is in the process of expanding into a category-leading, tech-enabled healthcare-services platform in the United States, targeting recurring-revenue businesses in areas such as revenue cycle management, medical coding, ambient listening for care management, and healthcare analytics.
Segments
- Software & IT-Enabled Services (BPO/outsourcing)
- Strategic investments
- Employees (peak, FY25)
- 209
- Board meetings held (FY25)
- 4
- Operating subsidiaries
- HOVS LLC (Delaware, US); HOV Environment LLC (Nevada, US); HOV Environment Solutions Private Limited (Maharashtra, India)
- Strategic equity holding
- Shares of Exela Technologies, Inc. held via HOVS LLC
Quarterly results
Q1 FY27: revenue down 20.6%, net profit down 219.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 6 | 6 | 14 | 19 +240% | 14 +146% | 13 +130% | 11 −21% |
| EBITDA | 1 | 1 | 1 | 2 | 1 +21% | -2 −388% | -2 −298% | -1 −150% |
| Net profit | 1 | 1 | 1 | 2 | 1 −38% | -3 −336% | -2 −263% | -2 −219% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −37.9% 1Y
1Y: ₹78.41 on 10 Sept 2025 → ₹48.68. High ₹81.55 (12 Sept 2025), low ₹43.73 (24 Aug 2026).
Financials, as filed
Revenue grew 92.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to -1.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹16 Cr | ₹22 Cr | ₹59 Cr |
| Operating profit | ₹3 Cr | ₹4 Cr | ₹-1 Cr |
| Operating margin | 16.7% | 16.4% | -1.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹3 Cr |
| Net profit | ₹3 Cr | ₹4 Cr | ₹-3 Cr |
| Net margin | 16.7% | 18.8% | -5.1% |
| Cash from operations | ₹-3 Cr | ₹-1 Cr | ₹-4 Cr |
| Free cash flow | ₹-3 Cr | ₹-1 Cr | ₹-6 Cr |
| ROCE | 15.8% | 20.1% | -0.4% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹83 Cr | ₹17 Cr | ₹10 Cr | ₹10 Cr | ₹11 Cr | ₹8 Cr |
| Borrowings | ₹3 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹24 Cr | ₹24 Cr |
| Other liabilities | ₹17 Cr | ₹12 Cr | ₹14 Cr | ₹12 Cr | ₹30 Cr | ₹29 Cr |
| Total liabilities | ₹116 Cr | ₹45 Cr | ₹38 Cr | ₹36 Cr | ₹78 Cr | ₹73 Cr |
| Fixed assets | ₹10 Cr | ₹11 Cr | ₹10 Cr | ₹10 Cr | ₹35 Cr | ₹35 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹92 Cr | ₹18 Cr | ₹7 Cr | ₹5 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹14 Cr | ₹16 Cr | ₹20 Cr | ₹21 Cr | ₹43 Cr | ₹38 Cr |
| Total assets | ₹116 Cr | ₹45 Cr | ₹38 Cr | ₹36 Cr | ₹78 Cr | ₹73 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 10% to 9,052.
- Promoters
- 50.4%
- Public
- 49.6%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 50.4%, Public 49.6%.Dec '23: Promoters 50.4%, Public 49.6%.Mar '24: Promoters 50.4%, Public 49.6%.Jun '24: Promoters 50.4%, Public 49.6%.Sep '24: Promoters 50.4%, Public 49.6%.Dec '24: Promoters 50.4%, Public 49.6%.Mar '25: Promoters 50.4%, Public 49.6%.Jun '25: Promoters 50.4%, Public 49.6%.Sep '25: Promoters 50.4%, Public 49.6%.Dec '25: Promoters 50.4%, Public 49.6%.Mar '26: Promoters 50.4%, Public 49.6%.Jun '26: Promoters 50.4%, Public 49.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Parvathavardhini.B newly disclosed 1.01% held
- Gunjan Chhajer +0.21 pp 1.78% held
- Sunil Kumar Chhajer +0.21 pp 1.78% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of HandsOn Global Management (HGM) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Adesi234 Llc | 23.83% | unchanged |
| Hof2 Llc | 13.24% | unchanged |
| Chitale Llc | 6.24% | unchanged |
| Stern Capital Partners Llc | 5.51% | unchanged |
| Sunil Vasant Rajyadhyaksha | 4.67% | unchanged |
| Xin Cheng | 1.78% | unchanged |
| Gunjan Chhajer | 1.78% | +0.21 pp |
| Sunil Kumar Chhajer | 1.78% | +0.21 pp |
| General Pacific Llc | 1.70% | unchanged |
| Karan Negi | 1.18% | unchanged |
| Parvathavardhini.B | 1.01% | newly disclosed |
| Surinder Rametra | 0.95% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse HandsOn Global Management (HGM) Limited
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