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HGM - Handson Global

📊 NSE: HGM 🏢 IT Enabled Services 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

HGM Appoints Kesavan Nair Padmanabhan as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Mar 2026, 05:44 PM

HandsOn Global Management (HGM) Limited has announced the appointment of Mr. Kesavan Nair Padmanabhan as an Additional Director in the Non-Executive Independent category. The appointment is effective from March 7, 2026, for a five-year term ending March 6, 2031, subject to shareholder approval. Mr. Padmanabhan brings over 40 years of experience in the Oil & Gas industry and has a history of building multi-million dollar enterprises. His background includes capital raising for health and technology sectors and an extensive network with industry majors like Saudi Aramco.

Appointment of Mr. Kesavan Nair Padmanabhan as Non-Executive Independent Director for a 5-year term.
The appointee has over 40 years of business experience in the Oil & Gas and technology sectors.
Mr. Padmanabhan has a track record of building multi-million dollar enterprises from start-ups.
The appointment is effective from March 7, 2026, and is subject to shareholder approval via postal ballot.

💡 This is a routine management update; investors should monitor if the new director's extensive network in technology and capital raising adds strategic value to the company's growth.

HGM Reports Q3 Consolidated Loss of ₹3.12 Cr Despite 145% Revenue Growth; Approves $16M RPTs

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 14 Feb 2026, 10:03 AM

HandsOn Global Management (HGM) reported a consolidated net loss of ₹312.32 Lakhs for Q3 FY26, a sharp reversal from a profit of ₹132.29 Lakhs in the same quarter last year. This loss occurred despite a robust 145.8% year-on-year surge in consolidated revenue from operations, which reached ₹1,424.54 Lakhs. The bottom line was primarily impacted by a significant spike in employee benefit expenses and other costs. Additionally, the board has sought shareholder approval for material related party transactions totaling approximately US$ 15.95 million with various global entities.

Consolidated revenue from operations grew 145.8% YoY to ₹1,424.54 Lakhs in Q3 FY26.
Company swung to a consolidated net loss of ₹312.32 Lakhs compared to a profit of ₹132.29 Lakhs in Q3 FY25.
Consolidated EPS declined to -₹2.48 from ₹1.05 in the year-ago quarter.
Board approved material related party transactions (RPTs) totaling US$ 15.95 million, including US$ 8.7M with HealthAxis Group LLC.
Employee benefit expenses on a consolidated basis rose sharply to ₹1,364.88 Lakhs from ₹451.50 Lakhs YoY.

💡 Investors should exercise caution as the company has turned loss-making at the consolidated level despite strong top-line growth. Closely monitor the upcoming postal ballot regarding the large related party transactions, as these represent a significant portion of the company's scale.

HGM Reports Q3 Consolidated Net Loss of ₹3.12 Cr; Approves $15.95M Related Party Transactions

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Feb 2026, 09:57 AM

HandsOn Global Management (HGM) Limited reported a consolidated net loss of ₹312.32 lakhs for the quarter ended December 31, 2025, a significant reversal from a profit of ₹132.29 lakhs in the same period last year. While consolidated revenue grew 145% YoY to ₹1,424.54 lakhs, it declined 24.8% sequentially from Q2. The company also announced major related party transactions totaling approximately $15.95 million with entities including HealthAxis Group and XBP Europe, which require shareholder approval via postal ballot.

Consolidated revenue from operations rose to ₹1,424.54 lakhs from ₹579.53 lakhs YoY, but fell from ₹1,895.09 lakhs in Q2.
Company swung to a consolidated net loss of ₹312.32 lakhs in Q3 FY26 versus a profit of ₹132.29 lakhs in Q3 FY25.
Employee benefit expenses surged to ₹1,364.88 lakhs from ₹451.50 lakhs in the year-ago quarter.
Board approved material related party transactions totaling $15.95 million (approx. ₹133 Crore) with US and European entities.
Consolidated EPS for the quarter stood at negative ₹2.48 compared to positive ₹1.05 in the previous year.

💡 Investors should exercise caution as the company has turned loss-making on a consolidated basis despite higher YoY revenues. The substantial volume of proposed related party transactions ($15.95M) relative to current revenue levels requires careful monitoring for corporate governance and operational impact.

HGM Limited Files SEBI Compliance Certificate for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 07:53 PM

HandsOn Global Management (HGM) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that all securities dematerialized or rematerialized during the quarter ended December 31, 2025, have been reported to the stock exchanges. This is a standard procedural disclosure required for all listed companies in India to ensure the integrity of electronic shareholding records. The filing indicates that the company is maintaining its administrative compliance obligations as per SEBI mandates.

Compliance certificate submitted for the quarter ending December 31, 2025.
Issued by KFin Technologies Limited, the company's Registrar and Share Transfer Agent.
Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Covers reporting to both Central Depository Services (India) Limited and National Securities Depository Limited.

💡 This is a routine regulatory filing with no direct impact on stock valuation or company fundamentals. Investors should continue to monitor the company's upcoming quarterly financial results for a better assessment of performance.

HGM Limited to Close Trading Window from Jan 1, 2026 for Q3 FY2025-26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 02:38 PM

HandsOn Global Management (HGM) Limited has announced the closure of its trading window starting January 1, 2026. This closure is in compliance with SEBI Insider Trading regulations for the upcoming Q3 FY2025-26 financial results for the period ending December 31, 2025. The restriction applies to promoters, directors, and designated persons and will last until 48 hours after the results are declared. This is a standard regulatory procedure followed by listed companies every quarter.

Trading window closure begins on January 1, 2026
Pertains to financial results for the quarter ending December 31, 2025
Window opens 48 hours after the official declaration of Q3 results
Applies to all designated persons including promoters and directors

💡 This is a routine regulatory announcement with no impact on business fundamentals. Investors should wait for the official announcement of the Q3 earnings date to assess financial performance.

HGM Shareholders Approve Bhavana Sharma as Independent Director with 99.99% Majority

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 18 Dec 2025, 09:55 PM

HandsOn Global Management (HGM) Limited has announced the successful passage of a resolution to appoint Mrs. Bhavana Sharma as an Independent Director. The resolution was passed via a postal ballot e-voting process with a near-unanimous majority of 99.9982% votes in favor. Mrs. Sharma's first term will span five years, effective from October 15, 2025, through October 14, 2030. This appointment ensures the company remains compliant with SEBI board composition regulations.

Appointment of Mrs. Bhavana Sharma as Independent Director approved with 99.9982% majority.
The five-year term is effective from October 15, 2025, to October 14, 2030.
A total of 5,889,373 valid votes were cast during the e-voting process concluded on December 18, 2025.
Promoter group cast 5,471,911 votes, all 100% in favor of the resolution.
Public non-institutional shareholders cast 417,462 votes with 99.97% in favor.

💡 No immediate action is required as this is a routine governance update. Investors should monitor if the strengthened board composition influences future strategic decisions.

HGM: Vikram Negi Resigns as Executive Director effective Dec 10, 2025

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 10 Dec 2025, 04:08 PM

HandsOn Global Management (HGM) Limited announced the resignation of Mr. Vikram Negi as Executive Director, effective December 10, 2025. Mr. Negi cited competing professional priorities as the reason for his departure. The company has formally informed the National Stock Exchange of India Limited and Bombay Stock Exchange Limited regarding this change. Investors should monitor upcoming board decisions and executive team composition for future strategic direction.

Vikram Negi resigned as Executive Director effective December 10, 2025
Resignation letter submitted on December 10, 2025
HGM's registered office is at 3rd Floor, Sharda Arcade, Pune - 411 037
NSE symbol: HGM
BSE Scrip Code: 532761

💡 Investors should monitor the company's future announcements regarding the appointment of a new Executive Director and any potential impact on the company's strategy. Review upcoming financial reports for any changes in performance.

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💰 Financial Performance

Revenue Growth by Segment

Revenue from operations grew by 39.35% YoY from INR 16.12 Cr in FY24 to INR 22.47 Cr in FY25. Segment-specific growth percentages are not disclosed in available documents.

Geographic Revenue Split

Not disclosed in available documents. The company is headquartered in Pune, Maharashtra.

Profitability Margins

Net Profit Margin for FY25 was 18.8%. Gross and Operating margins are not explicitly split, but Profit Before Tax (PBT) margin was 21.3% (INR 4.80 Cr on INR 22.47 Cr revenue).

EBITDA Margin

EBITDA Margin for FY25 was approximately 26.6% (calculated as PBT of INR 4.80 Cr plus Depreciation of INR 1.19 Cr over Revenue of INR 22.47 Cr).

Capital Expenditure

Property, Plant and Equipment (PPE) decreased from INR 42.82 Lakhs in FY24 to INR 23.68 Lakhs in FY25, indicating minimal new capex and ongoing depreciation of existing assets.

Credit Rating & Borrowing

Not disclosed in available documents. Net cash used in financing activities was INR 89.26 Lakhs in FY25.

⚙️ Operational Drivers

Raw Materials

Not applicable as HGM is a service-oriented company (IT/BPM). Reporting under inventory clauses is not applicable to the company.

Key Suppliers

Not disclosed in available documents. KFin Technologies Limited serves as the Registrar and Share Transfer Agent.

Capacity Expansion

Not applicable for service-based operations. The company maintains investment property valued at INR 8.01 Cr as of March 31, 2025.

Raw Material Costs

Not applicable. Operational costs are primarily driven by employee benefits and administrative expenses (not detailed in snippets).

📈 Strategic Growth

Growth Strategy

The company rebranded from HOV Services Limited to HandsOn Global Management (HGM) Limited to align with its global management services focus. Growth is likely driven by expanding its IT-enabled and business process management service offerings within its existing client base and leveraging its Pune-based operational hub.

Products & Services

IT-enabled services, Business Process Management (BPM), and Investment Property Management.

Brand Portfolio

HGM, HandsOn Global Management, HOV Services (formerly).

🌍 External Factors

Industry Trends

The industry is shifting toward increased digitalization and the requirement for robust audit trails in financial reporting. HGM is positioned with compliant accounting software and effective internal financial controls as of March 31, 2025.

Competitive Landscape

Competes with other global BPM and IT-enabled service providers.

Competitive Moat

The company's moat is built on its established reputation (formerly HOV Services) and a strong internal control framework that provides reasonable assurance regarding the reliability of financial reporting.

Macro Economic Sensitivity

Sensitive to global IT spending and corporate outsourcing trends.

Consumer Behavior

Shift toward demanding higher transparency and real-time auditability in corporate management services.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with SEBI (Depositories and Participants) Regulations 2018 and the Companies Act 2013. Maintenance of cost records is not prescribed for the company's activities.

Taxation Policy Impact

Current tax expense for FY25 was INR 1.38 Cr on a PBT of INR 4.80 Cr, representing an effective tax rate of approximately 28.7%.

Legal Contingencies

The company has no pending litigations that would impact its financial position as of March 31, 2025.

⚠️ Risk Analysis

Key Uncertainties

Inherent limitations of internal financial controls, including the possibility of collusion or improper management override, which could lead to undetected material misstatements.