RLabs Enterprise Services Limited
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RLabs Enterprise Services Limited - overview
Established
2013
Location
Hyderabad, Telangana, India
Primary Industry
Outsourcing
About
Based in Hyderabad, India, and founded in 2013, RLabs Enterprise Services Limited operates as an IT staffing and consulting firm. Vinodh Venkatesan serves as the CEO of the company as of 2021. In February 2022, FirstMeridian Business Services Pvt. Ltd.
, a portfolio company of Goldman Sachs Merchant Banking Division, Janchor Partners, and Samara Capital, acquired RLabs Enterprise Services Limited. As of 2021, the company employs 1,200 people. The company provides staff augmentation, IT consulting, and managed services solutions to generate ROI. It provides customers with staffing and technology solutions for any industry, geography, or business purpose.
Its services include IT staff augmentation services, IT managed services, hire, train, and deploy, master vendor program, payroll management solution, and sow model. The acquisition by FirstMeridian Business Services Pvt Ltd enables RLabs Enterprise Services Limited to set up full-fledged delivery centers in multiple geographies, extending its SAP competency offerings to the domestic market.
Current Investors
FirstMeridian Business Services Pvt Ltd.
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Human Resources Services, Offshore IT Services/IT Outsourcing, Recruitment/Executive Search
Website
www.rlabsglobal.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
RLabs Enterprise Services Limited - timeline of key events
RLabs Enterprise Services Limited - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 45,854,861 | 117,689,715 | 299,646,983 | 844,217,283 | 1,040,415,869 | 1,022,214,215 | - | - | - |
| % Revenue Growth (YoY) | - | - | 156.7% | 154.6% | 181.7% | 23.2% | (1.7%) | - | - | - |
| EBITDA (USD) | (13,600) | 5,621,374 | 12,270,844 | 31,215,256 | 101,991,735 | 118,428,662 | 93,016,123 | - | - | - |
| Operating Income (USD) | (13,600) | 3,068,408 | 11,032,179 | 30,135,868 | 100,040,821 | 111,531,210 | 81,935,837 | - | - | - |
| Operating Margin | - | 6.7% | 9.4% | 10.1% | 11.9% | 10.7% | 8.0% | - | - | - |
| % EBITDA Margin | - | 12.3% | 10.4% | 10.4% | 12.1% | 11.4% | 9.1% | - | - | - |
| NET Income (USD) | (22,982) | 1,725,094 | 7,491,109 | 20,484,587 | 71,094,859 | 80,405,779 | 46,166,288 | - | - | - |
| % Net Margin | - | 3.8% | 6.4% | 6.8% | 8.4% | 7.7% | 4.5% | - | - | - |
RLabs Enterprise Services Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | RLabs Enterprise Services Limited | - |
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RLabs Enterprise Services Limited - employee data
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