Happy Square Outsourcing Services Limited · NSE:WHITEFORCE
Happy Square Outsourcing Services — Investor Presentation (September 2025)
39 slides from Happy Square Outsourcing Services's investor presentation, Sep 2, 2025
Slide 1: Intimation of Investors Presentation under Regulation 30
TII Wh"te Force White Force Date: September 02, 2025 To, Listing Compliance Department, National Stock Exchange of India Ltd (SME Emerge), Exchange Plaza, Bandra Koria Complex, Bandra (East), Mumbai- 400051 Scrip Code: WHITEFORCE Dear Sir/Madam, Subject: Intimation of Investors Presentation under Re
Slide 2: White Force Investor Presentation
WHITE FORCE INVESTOR PRESENTATION Great Company Needs Great People That’s Why We Come In
Slide 3: Disclaimer
Disclaimer This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute prospectus or placement memorandum or an offer to acquire any securities. No representation or warranty, express or implied is made as to, and no relia
Slide 4: Index
Index TOPIC SLIDE NUMBER Company Overview Company Overview 4 Management Overview Management Overview 8 Business Overview Business Overview 10 Industry Overview Industry Overview 26 The Path Ahead The Path Ahead 29 Financial Overview Financial Overview 32
Slide 5: Company Overview
Company Overview Great Company Needs Great People That’s Why We Come In
Slide 6: White Force
White Force Premium Brand of Happy Square Outsourcing Services Limited Happy Square Outsourcing Services Limited is an integrated HR outsourcing and staffing solutions provider operating under its flagship brand White Force. The company offers comprehensive HR services, including temporary and perma
Slide 7: Key Highlights
Key Highlights 20+ 8 States Presence Years Of Business 5,800+ ISO Employees Deployed till 31st March, 2025 Certified 200+ 142 Clients Core Team Employees Investor Presentation 6
Slide 8: Our Journey of Growth
Our Journey of Growth • Developed Whiteforce+ (ATS) and ERP for Payroll. • Introduced Contract • Launched Facility • Launched Happiest Resume database (1M Staffing. Management Business. users, integrated with 11 countries, 3000+ jobs). • Expanded to 4 states • Expanded to 8 states. • Won ₹17 Cr proj
Slide 9: Management Overview
Management Overview Great Company Needs Great People That’s Why We Come In
Slide 10: Executive Leadership
Executive Leadership Ms. Shraddha Rajpal Ms. Nalini Rajpal Ms. Poonam Rajpal Ms. Deepika Ondela Promoter Promoter Managing Director Whole-time Director & Senior Human Resource Manager Ms. Rani Mathya Ms. Rupali Kesharwani Ms. Gurpreet Kaur Dhanjal Ms. Pavithra P Non-Executive Director Independent Di
Slide 11: Business Overview
Business Overview Great Company Needs Great People That’s Why We Come In
Slide 12: Core Services
Core Services Payroll Management Recruitment Onboarding Services Flexible Staffing End-to-end payroll Talent acquisition and Streamlined onboarding Customized workforce processing and compliance. placement solutions for solutions for new hires in solutions to meet dynamic various industries. governm
Slide 13: Comprehensive Workforce Solutions: General and Industrial Staffing
Comprehensive Workforce Solutions 01 General Staffing • Dedicated vertical for manufacturing setups, ensuring right-fit technical resources. • Profiles sourced: Degree Engineers, Diploma Engineers, ITI Technicians, Production Staff, and Managerial roles. • Strong pan-India tie-ups with colleges and
Slide 14: Comprehensive Workforce Solutions: Apprentice Staffing and Payroll
Comprehensive Workforce Solutions 03 Apprentice Staffing • Comprehensive payroll processing for monthly, contract, and daily wage employees. • Includes salary calculation, tax compliance, and updates as per regulatory changes. • Reduces complexity for businesses by offering an organized payroll • Re
Slide 15: Comprehensive Workforce Solutions: Compliance Management and Sourcing
Comprehensive Workforce Solutions 05 Compliance Management • Multi-channel sourcing for speed and quality: Job portals, online/offline advertising, headhunting, campus tie-ups, NGOs, job fairs, vendor networks, referrals, and internal databases. • Selection based on quality, cost-efficiency, and qui
Slide 16: Comprehensive Workforce Solutions: Recruitment Process Outsourcing
Comprehensive Workforce Solutions 07 Recruitment Process Outsourcing (RPO) Permanent hiring on one-time placement fee basis, focused on multiple industries: IT Vertical: Expertise in AI/ML, Cloud, DevOps, UI/UX, ERP (Tally Prime), Testing, Cyber Security, Product Engineering. Automobile: FMCG: Consu
Slide 17: Comprehensive Staffing Process
Comprehensive Staffing Process Happy Square follows a structured staffing process designed to address both current and future workforce requirements of its clients. Workforce Recruitment Exit or Placement Onboarding Retention planning & selection separation Investor Presentation 16
Slide 18: Technology: Driving Digital Transformation in HR
Technology: Driving Digital Transformation in HR White Force Plus (Advanced ATS) White Force Payroll – HRMS Portal AI-powered Applicant Tracking System for efficient recruitment. Web-based HR & payroll automation platform for digital workforce management. Features: Features: • Proprietary AI-powered
Slide 19: Geographical Wise Revenue Breakup
Geographical Wise Revenue Breakup In % FY24 In % FY23 In % FY25 13.22 17.93 27.78 43.39 49.15 12.49 57.35 17.70 15.55 16.94 13.28 15.21 Madhya Pradesh Karnataka Haryana Others In ₹ Lakhs Particulars FY25 FY24 FY23 Madhya Pradesh 2,705.65 1,243.28 696.56 Karnataka 1,514.91 1,226.54 658.41 Haryana 1,2
Slide 20: Government Vs Private Revenue Contribution
Government Vs Private Revenue Contribution In % In % In % FY25 FY24 FY23 18.98 57.20 71.35 28.67 81.02 42.80 Government Private In ₹ Lakhs Particulars FY25 FY24 FY23 Government 4,169.60 1,986.18 1,000.41 Private 5,571.86 4,942.70 4,269.51 Total 9,741.46 6,928.88 5,269.92 Investor Presentation 19
Slide 21: Industry Wise Revenue Breakup
Industry Wise Revenue Breakup In % 43.31 32.34 28.67 28.75 26.67 21.58 22.95 19.41 20.23 19.63 18.32 18.14 PSU’s Logistics Technology & IT Others FY23 FY24 FY25 In ₹ Lakhs Industry FY25 FY24 FY23 PSU’s 4,219.54 1,986.44 1,023.06 Logistics 1,970.88 1,992.11 1,704.57 Technology & IT 1,784.38 1,590.18
Slide 22: Industry Wise Staffing Employees Breakup
Industry Wise Staffing Employees Breakup In % 53.74 39.5 27.03 29.16 23.42 24.67 20.39 18.3 19.91 17.53 12.03 14.32 PSU’s Logistics Technology & IT Others FY23 FY24 FY25 In Numbers Industry FY25 FY24 FY23 PSU’s 3,118 1,782 928 Logistics 698 791 808 Technology & IT 831 826 1,071 Others 1,155 1,113 1,
Slide 23: Customers Wise Revenue Breakdown
Customers Wise Revenue Breakdown In ₹ Lakhs Top 10 Others 6,386.48 4,256.07 3,710.23 3,354.98 2,672.80 1,559.69 FY23 FY24 FY25 Investor Presentation 22
Slide 24: Bifurcation of Employees
Bifurcation of Employees Manpower Deployed (Staffing) Total Manpower (Core) 142 5,802 140 4,512 3,962 127 FY23 FY24 FY25 FY23 FY24 FY25 Investor Presentation 23
Slide 25: What Makes Happy Square A Game-Changer in HR?
What Makes Happy Square A Game-Changer in HR? 01 02 03 04 Their group company, Happiest Hosting 3,000+ active job Happy Square leverages its With an industry leading Resume Services, maintains a vast postings and attracting 100,000+ proprietary in house ATS software, turnaround time of just 60 hours
Slide 26: What Makes Happy Square A Game-Changer in HR?
What Makes Happy Square A Game-Changer in HR? 05 06 07 08 Through their NSDC-certified Actively participating in Their upcoming attendance A proactive business development training program, Happy Square government tenders via the GEM management and performance team drives continuous lead is committe
Slide 27: Industry Overview
Industry Overview Great Company Needs Great People That’s Why We Come In
Slide 28: India Staffing & Recruitment Market
India Staffing & Recruitment Market Set to Reach $48.53 Billion by 2030, Growing at 13.2% CAGR Rising Demand for Skilled Workforce India’s rapid economic growth and adoption of advanced technologies drive demand across IT, telecom, healthcare, and manufacturing. Job Growth in Key Sectors Major citie
Slide 29: India Staffing & Recruitment Market Scope
India Staffing & Recruitment Market Scope Market Size in 2022 US$ 18.5 Billion US$ 48.53 Billion Market Size by 2030 US$ 48.53 Billion Global CAGR 13.2% (2022 - 2030) Segments Covered: US$ 18.06 Billion By Recruitment By End User: By Staffing Type: Channel: IT & Telecom, BFSI, Temporary, Online, Hyb
Slide 30: The Path Ahead
The Path Ahead Great Company Needs Great People That’s Why We Come In
Slide 31: Business Strategies
Business Strategies Client Acquisition & Volume Business for Stable High-Margin RPO Geographical Export of Services Leveraging Relationship Building Growth Services Expansion India Based Manpower For Diversification In Reach The company focuses on expanding Aims to drive efficiencies by Company prov
Slide 32: Competitive Strengths
Competitive Strengths Customer Satisfaction & Long-Term Relationships The company has strong ties with key clients like Cars24 and Octopolis, offering industry specific solutions and ensuring growth through regular senior management reviews. Experienced Promoter and Management Expertise Promoters Sh
Slide 33: Financial Overview
Financial Overview Great Company Needs Great People That’s Why We Come In
Slide 34: Financial Highlights
Financial Highlights Revenue EBITDA EBITDA Margin PAT PAT Margin 30.0 0 10, 000.00 9,741.46 29.0 0 944.67 20.0 0 590.34 600 .00 28.0 0 19.0 0 27.0 0 901 .00 9,0 00.00 26.0 0 18.0 0 25.0 0 17.0 0 500 .00 24.0 0 801 .00 8,0 00.00 16.0 0 23.0 0 22.0 0 439.32 6,928.87 21.0 0 701 .00 15.0 0 7,0 00.00 20.
Slide 35: Profit & Loss Statement
Profit & Loss Statement In ₹ Lakhs Particulars FY25 FY24 FY23 Revenues 9,741.46 6,928.87 5,269.92 Other Income 26.89 25.43 10.20 Total Income 9,768.35 6,954.31 5,280.11 Raw Materials 8,496.00 6,113.34 4,741.08 Employee costs 198.58 104.94 138.08 Finance Costs 115.32 65.68 39.59 Depreciation 45.19 18
Slide 36: Balance Sheet
Balance Sheet In ₹ Lakhs Equities & Liabilities FY25 FY24 FY23 Assets FY25 FY24 FY23 Equity 841.00 1.00 1.00 Non Current Assets Reserves 406.81 656.47 213.00 Fixed Assets 315.45 213.99 42.73 Net Worth 1,247.81 657.47 214.00 Non-Current Investments 3.20 1.04 0.00 Non Current Liabilities Long Term Loa
Slide 37: Key Ratios
Key Ratios In % In % In Times ROE ROCE Debt to Equity 3.07 66.34 143.47 100.82 1.67 61.97 1.17 57.75 56.78 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 In Times In ₹ In ₹ Current Ratio Earnings Per Share Net Asset Value Per Share 1.47 7.02 14.84 5.22 1.29 7.82 1.25 2.13 2.54 FY23 FY24 FY25 FY23 FY24
Slide 38: Stock Data
Stock Data As on 25/08/2025 SHAREHOLDING PATTERN NSE CODE: WHITEFORCE | INE0TLP01015 Share Price (₹) 82.70 Market Capitalization (₹ Cr) 95.94 39.10% No. of Shares 1,16,00,400 60.90% Face Value (₹) 10.00 52 week High-Low (₹) 94.80 - 54.85 Promoter & Promoter Group Public Investor Presentation 37
Slide 39: Thank You
THANK YOU Happy Square Outsourcing Services Limited 240, Nagpur Road, Madan Mahal, Jabalpur – 482008, Madhya Pradesh, India Phone : 0761-4083591 Email : info@white-force.com Website: www.white-force.com EquibridgeX Advisors Pvt. Ltd. Ms. Pooja Gandhi Email: info@equibridgex.com Website: www.equibrid
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