Company Profile: Coreintegra Consulting Services Limited
1. Business Overview & History
Incorporated in 2009, Coreintegra Consulting Services Limited (formerly known as Core Integra Consulting Services) is an integrated Human Resource (HR), Regulatory Compliance, and Technology solutions provider. The company operates as a comprehensive single-source partner delivering end-to-end HR management, payroll administration, labor law compliance, HR advisory, vendor management, and specialized technology platforms.
Headquartered in Mumbai, Maharashtra, the company enables organizations across public and private sectors to navigate complex regulatory frameworks, digitize human capital operations, and manage workforce lifecycles seamlessly.
Company DRHP
2. Core Service Offerings & Key Verticals
The company organizes its business into five primary functional service areas:
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HR & Staffing Services: Full-cycle recruitment, flexible and permanent staffing, just-in-time hiring solutions, retainership models, and workforce deployment tailored to enterprise demand.
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Payroll & Workforce Administration: Automated end-to-end payroll processing, tax computations, employee benefit distribution, and compensation structuring.
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Compliance & Advisory Services: Regulatory compliance audits, labor law registrations, licensing, statutory policy drafting, labor dispute advisory, and ongoing regulatory assurance services.
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Vendor Management Services: Comprehensive audit and management of third-party vendors, contractor compliance verification, and statutory risk mitigation across supply chains.
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HR-Tech & Reg-Tech Solutions: Technology-driven proprietary platforms designed to digitize, streamline, and centralize HR workflows and regulatory tracking.
3. Proprietary Technology Platforms (HR-Tech & Reg-Tech)
Coreintegra has developed a suite of in-house technological solutions addressing the end-to-end human resource value chain:
HR-Tech Solutions
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CoreX: A comprehensive Human Resource Management System (HRMS) handling employee onboarding, attendance, performance management, and lifecycle tracking.
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Core Pay: A scalable payroll management platform configured for complex multi-location payroll operations, tax withholdings, and statutory deductions.
Reg-Tech Solutions
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Ctrl-F: An automated labor law compliance and regulatory management portal providing real-time tracking of statutory obligations, licensing renewals, and compliance health scores.
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Core-PFT: A dedicated Provident Fund (PF) and statutory trust management platform ensuring precision tracking, filing, and reporting for enterprise employee benefits.
4. Geographic Reach & Operational Scale
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Pan-India Footprint: The company operates a physical network of 7 branch offices and serves clients across 23 States and 4 Union Territories in India.
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Client Touchpoints: Coreintegra manages operations across more than 1,500 client locations, offering local labor law compliance expertise tailored to regional statutory requirements.
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Diverse Client Base: The company has provided solutions to over 600 corporate clients spanning 30+ diverse industries, including IT/ITeS, manufacturing, retail, logistics, BFSI, healthcare, and engineering.
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Workforce Scale: As of August 31, 2026, the company managed an active workforce of 12,166 employees (including deputed staff and core personnel).
5. Management & Leadership
The company is led by an experienced promoter group and senior executive management team with decades of combined experience across human capital management, legal compliances, and enterprise technology:
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Promoters: Sriram Natarajan, Sangeetha Sriram, and Gaurav Bali.
6. Key Competitive Strengths
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In-House Tech Stack: Proprietary HR-Tech (CoreX, Core Pay) and Reg-Tech (Ctrl-F, Core-PFT) platforms covering all stages of workforce and compliance management.
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End-to-End Solutions: Integrated suite of services eliminating the need for clients to engage multiple HR, payroll, and legal vendors.
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Pan-India Regulatory Reach: Deep expertise in local and central Indian labor laws, enabling multi-state enterprises to maintain single-window compliance.
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High Client Retention: Established long-term client relationships leading to stable, recurring subscription and fee-based revenue streams.
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Scalable Business Model: Asset-light technology model built to scale rapidly across emerging enterprise client sectors.
Here is the step-by-step breakdown of the Coreintegra Consulting Services Limited SME IPO data lined up logically:
1. Important Dates (Timetable)
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IPO Opening Date: Wednesday, September 23, 2026
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IPO Closing Date: Friday, September 25, 2026
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Basis of Allotment: Monday, September 28, 2026
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Initiation of Refunds: Tuesday, September 29, 2026
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Credit of Shares to Demat: Tuesday, September 29, 2026
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Tentative Listing Date: Wednesday, September 30, 2026
2. Issue & Offer Details
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Issue Type: Book Building SME IPO
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Listing At: NSE SME
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Face Value: ₹10 per share
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Price Band: ₹74 to ₹78 per share
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Lot Size: 1,600 Shares
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Total Issue Size: 28,19,200 Equity Shares (aggregating up to ₹21.99 Cr)
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Sale Type: Entirely Fresh Capital Issue
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Reserved for Market Maker: 1,42,400 Shares (aggregating up to ₹1.11 Cr)
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Net Issue to Public: 26,76,800 Shares (aggregating up to ₹20.88 Cr)
3. Investment Breakdown (Lot Size & Investment Categories)
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Retail Individual Investor (IND) Min/Max: 2 Lots (3,200 Shares) – ₹2,49,600
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Small HNI (S-HNI) Minimum: 3 Lots (4,800 Shares) – ₹3,74,400
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Small HNI (S-HNI) Maximum: 8 Lots (12,800 Shares) – ₹9,98,400
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Big HNI (B-HNI) Minimum: 9 Lots (14,400 Shares) – ₹11,23,200
4. Category Share Reservations
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Qualified Institutional Buyers (QIB): 2,67,200 Shares (9.98% of Net Offer)
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Non-Institutional Investors (NII/HNI): 12,03,200 Shares (44.95% of Net Offer)
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bNII (> ₹10L): 8,01,600 Shares (28.43%)
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sNII (< ₹10L): 4,01,600 Shares (14.25%)
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Retail Individual Investors (RII): 12,06,400 Shares (45.07% of Net Offer)
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Market Maker Portion: 1,42,400 Shares (5.05%)
5. Capital Structure & Shareholding Pattern
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Pre-Issue Share Capital: 76,67,805 Shares
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Post-Issue Share Capital: 1,04,87,005 Shares
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Company Promoters: Sriram Natarajan, Sangeetha Sriram, and Gaurav Bali
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Promoter Shareholding: Pre-IPO: 93.04% | Post-IPO: 68.03%
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Public Shareholding: Pre-IPO: 6.96% | Post-IPO: 31.97%
6. Company Overview & Business Model
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Incorporation Year: 2009
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Core Business: Integrated Human Resource solutions provider (Staffing, Payroll Outsourcing, Labour Law Compliance, HR Advisory, Vendor Management).
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Proprietary Technology Platforms:
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HR-Tech: CoreX and Core Pay
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Reg-Tech: Ctrl-F and Core-PFT
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Reach & Scale: Serves 600+ customers across 30+ industries, covering 1,500+ client locations via 7 branch offices across 23 states and 4 union territories.
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Headcount: 12,166 employees as of August 31, 2026.
7. Company Financials (Restated Consolidated)
(Amount in ₹ Crore)
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Growth Performance: Revenue increased by 28% and PAT grew by 30% between FY25 and FY26.
8. Key Performance Indicators (KPIs) & Valuation Metrics
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ROE (Return on Equity): 17.94% (FY26)
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ROCE (Return on Capital Employed): 20.19% (FY26)
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PAT Margin: 0.87% (FY26)
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EBITDA Margin: 1.17% (FY26)
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NAV per Share: ₹35.74
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Price to Book Value: 0.01
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Pre-IPO EPS: ₹5.88 | Post-IPO EPS: ₹4.30
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Pre-IPO P/E Ratio: 13.27x | Post-IPO P/E Ratio: 18.14x
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Market Capitalization: Pre-IPO: ₹59.81 Cr | Post-IPO: ₹81.80 Cr (at upper band)
9. Objects of the Issue (Use of Net Proceeds – Total: ₹18.01 Cr)
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Capital Expenditure: Upgrading existing IT Infrastructure (₹11.76 Cr)
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Management Augmentation: Augmenting the Leadership Team (₹5.75 Cr)
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Marketing & Branding: Enhancing brand visibility and awareness (₹0.50 Cr)
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General Corporate Purposes: Remaining balance.
10. Key Intermediaries & Contact Details
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Book Running Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
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Registrar of the Issue: Purva Sharegistry (India) Pvt. Ltd. (Phone: 022-41343255 | Email: newissue@purvashare.com)
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Market Maker: Rikhav Securities Ltd.
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Company Registered Office: Vinmar House, A-41 MIDC Road No 2, Marol, Andheri (East), Mumbai, Maharashtra, 400093 (Phone: 022-69034100 | Email: contact@coreintegra.com)
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