Integrated Personnel Services Ltd is fundamentally a one-stop shop for companies that need to find, hire, pay, and manage people - it does everything from hunting for a CEO to handling payroll for thousands of temporary workers, all under one roof. Incorporated in 2004 in Mumbai, the company spent nearly two decades evolving from a focused staffing provider into a full-service human-resources partner that now serves clients across IT, heavy engineering, oil and energy, hospitality, and telecom. The recurring idea that explains how it is organised is a three-part model - Raising, Leasing, and Management - which means it can find talent, supply it on a temporary or permanent basis, and then handle all the administrative and compliance work that follows. # Business segments A single integrated engine organised into three operational categories - Raising, Leasing, and Management - that together cover the full lifecycle of a company’s workforce needs. ## 1. Human-resources services: an end-to-end HR ecosystem under one roof **The company earns revenue by finding people, supplying them, and managing them - a single provider that handles everything from executive search to payroll compliance, so clients do not need multiple HR vendors.** - **Finds talent for permanent roles** - through branded sub-verticals like IPSEx for executive search and IPSRPO for recruitment process outsourcing, it fills permanent positions across IT and non-IT sectors, earning fees upon successful placement. - **Supplies temporary staff at scale** - the Leasing category places contract and flexi-staff into specific industries: IPSFSS for general flexi staffing, IPSO&En for oil and energy, IPSTEL for telecom, IPSPMHS for hospitality, and IPS INFRA for infrastructure, with revenue recognised on an accrual basis as the workers perform their services. - **Manages the administrative burden** - once people are hired, the Management category takes over payroll processing, regulatory compliance, training and development, and performance management, so clients outsource the ongoing HR operations. - **IT staffing is a distinct thread** - IPSTECH handles IT-specific placements, and the company is building in-house technology capabilities through subsidiaries that design and develop software for manpower management, including AI-based tools. - **Paid as services are delivered** - whether it is a permanent recruitment fee or an ongoing contract-staffing arrangement, revenue is recognised on an accrual basis according to customer contracts, and the salary cost of contract staff is treated as a direct cost of services. # Group structure and partners **The company is building a family of technology-focused subsidiaries to strengthen its HR platform, while the founding promoters retain tight control with over two-thirds ownership.** - The promoter group - Tarang Goyal (Chairman and Managing Director) and Sandeep Kaur Goyal (Whole Time Director) - held 67.12% of the equity as of March 2025, down slightly from 69.05% a year earlier. - IPSAI NOVATION TECH PRIVATE LIMITED was incorporated in October 2024 as a 60%-owned subsidiary to develop software for manpower management, including design, customisation, and testing. - In May 2026, the company acquired Informatic Connecting Tech Private Limited (ICTPL) in two steps, reaching 100% ownership; ICTPL designs and develops software and web-based applications, and its promoters are the same as IPSL’s promoters. - An earlier wholly owned subsidiary, IPS Vantage Tech Services Private Limited, appointed a CEO in April 2024, and the company planned a further 51%-owned subsidiary for employment placement and IT services in September 2025. - Bank borrowings from Kotak Mahindra Bank and IndusInd Bank are secured against a mortgaged shop premises and personal guarantees from the directors.