Investors
Scalable, recurring revenue model with institutional-grade governance and 20+ years of proven operational excellence
20+
Years Track Record
IPO
Growth Phase
Strong
Governance Focus
Disclaimer – Important
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the audio-visual film (the "IPO AV") of Stalwart People Services India Limited (the "Company") in relation to the proposed initial public offering of the equity shares of face value of ₹5 each ("Equity Shares") of the Company (the "Offer").
The Company has filed the draft red herring prospectus dated June [●], 2025 (the "Draft Red Herring Prospectus") with the Securities and Exchange Board of India ("SEBI"), the BSE Limited and the National Stock Exchange of India Limited (together, the "Stock Exchanges").
THE IPO AV IS BEING MADE AVAILABLE ON THIS WEBSITE IN ACCORDANCE WITH CIRCULAR ON "AUDIOVISUAL (AV) PRESENTATION OF DISCLOSURES MADE IN PUBLIC ISSUE OFFER DOCUMENTS" DATED MAY 24, 2024, ISSUED BY SEBI.
You are advised to read this disclaimer carefully before reading, accessing or making any other use of the IPO AV. In accessing the IPO AV, you agree to be bound by the following terms and conditions of the following disclaimer.
The IPO AV is directed at, and is intended for distribution to, and use by, residents of India only. No part of the contents the IPO AV shall be copied or duplicated in any form by any means or redistributed.
The IPO AV is for information purposes only and does not constitute, and should not be construed as, directly or indirectly, an offer or invitation to sell or the solicitation of an offer or invitation to purchase any Equity Shares in any jurisdiction. Any such offer or solicitation, if made, would only be made pursuant to the Company's Red Herring Prospectus ("RHP") which may be filed with the relevant Registrar of Companies in the future (if you are in India) or the RHP and the preliminary international wrap (if you are outside India) (which contains, among other things, the selling restrictions for the Offer outside India), together with any supplementary pricing information.
Potential investors should not rely on the Draft Red Herring Prospectus in making any investment decision.
Potential investors should note that investment in the Equity Shares involves a high degree of risk and for details relating to such risks, please refer to the RHP (when available), including the section titled "Risk Factors", and for potential investors outside India, the preliminary international wrap (when available), including the section titled "Additional Risk Factors for International Investors".
The Equity Shares to be offered in the Offer have not been and will not be registered, listed or otherwise qualified in any jurisdiction except India and may not be offered or sold to persons outside of India except in compliance with the applicable laws of each such jurisdiction. In particular, the Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended, ("U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only outside the United States in "offshore transactions" as defined in and in reliance on Regulation S under the U.S. Securities Act ("Regulation S").
Bajaj Capital Securities Limited (formerly known as Bajaj Capital Holdings Limited) (the "Book Running Lead Manager") and its respective affiliates, directors, officers, agents, representatives, advisers and employees do not accept any liability whatsoever, direct or indirect, that may arise from the use of the information contained on this website.
The information in the IPO AV is as of the date of the Draft Red Herring Prospectus and none of the Company, the Promoters, the Book Running Lead Manager or its respective affiliates, directors, officers, agents, representatives, advisers or employees are under any obligation to update or revise the IPO AV to reflect circumstances arising after the date thereof.
You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company, the Book Running Lead Manager nor any of its respective affiliates, directors, officers, agents, representatives, advisers or employees accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of the IPO AV in electronic format.
To access the IPO AV, you must confirm, by pressing on the button marked "I Confirm", that at the time of access, you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".
Disclaimer – Important
PLEASE READ THIS NOTICE CAREFULLY. IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBSITE. YOU SHOULD READ IT IN FULL EACH TIME YOU VISIT THE WEBSITE. THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THE DRAFT RED HERRING PROSPECTUS AND DRAFT ABRIDGED PROSPECTUS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the draft red herring prospectus (the "Draft Red Herring Prospectus") and the draft abridged prospectus (the "Draft Abridged Prospectus"), each dated June 2026 of Stalwart People Services India Limited (the "Company"), filed with the Securities and Exchange Board of India ("SEBI"), the BSE Limited and the National Stock Exchange of India Limited and hosted on this website in connection with the proposed initial public offering of the equity shares of face value of ₹5 each ("Equity Shares") of the Company (the "Offer"). You are advised to read the following notice carefully before accessing the Draft Red Herring Prospectus and Draft Abridged Prospectus. In accessing the Draft Red Herring Prospectus and Draft Abridged Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
Access to the Draft Red Herring Prospectus and Draft Abridged Prospectus does not constitute a recommendation by the Company, the Members of the Syndicate (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the Equity Shares offered in the Offer.
The Draft Red Herring Prospectus and Draft Abridged Prospectus are directed at, and is intended for distribution to, and use by, residents of India only. Residents of countries other than India are not authorized to view or use the information in this portion of our website. The information in this portion of our website, including the Draft Red Herring Prospectus and Draft Abridged Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. The contents of the Draft Red Herring Prospectus and Draft Abridged Prospectus is for your information only, and you acknowledge that access to the Draft Red Herring Prospectus and Draft Abridged Prospectus is intended for use by you only and you agree not to forward the Draft Red Herring Prospectus and Draft Abridged Prospectus on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person. No part of the contents of the Draft Red Herring Prospectus and Draft Abridged Prospectus shall be copied or duplicated in any form by any means or redistributed. Failure to comply with this disclaimer may result in a violation of the applicable laws.
The Draft Red Herring Prospectus and Draft Abridged Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Our Company has taken all necessary steps to ensure that the contents of the Draft Red Herring Prospectus and Draft Abridged Prospectus, as appearing on this website, are identical to the Draft Red Herring Prospectus and Draft Abridged Prospectus, respectively, filed with the SEBI. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates, directors, agents, officers, representatives, advisers or employees accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.
The Draft Red Herring Prospectus and Draft Abridged Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside of the United States in offshore transactions as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where such offers and sales are made. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
Any person into whose possession the Draft Red Herring Prospectus and Draft Abridged Prospectus comes into is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus and Draft Abridged Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus and Draft Abridged Prospectus for any investment decision.
Any decision on whether to invest in the Equity Shares described in the Draft Red Herring Prospectus and Draft Abridged Prospectus may only be made after a red herring prospectus has been filed with the Registrar of Companies, Chennai and SEBI and must be made solely on the basis of such red herring prospectus, as there may be material changes in the red herring prospectus and abridged prospectus compared to the Draft Red Herring Prospectus and Draft Abridged Prospectus, respectively. Invitations to subscribe to or purchase the Equity Shares in the Offer will be made only pursuant to the red herring prospectus if the recipient is in India or the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap (which contains, among other things, the selling restrictions for the Offer outside India), if the recipient is outside India. No person outside India is eligible to bid for equity shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which shall contain the selling restrictions for the Offer outside India.
Any potential investor should note that investment in Equity Shares involves a high degree of risk and for details relating to such risk, please see the section titled "Risk Factors" of the Draft Red Herring Prospectus. The Offer and sale of the Equity Shares to be offered in the Offer shall be made only pursuant to the red herring prospectus, when available. Potential investors should also refer to the red herring prospectus which will be filed with the Registrar of Companies, Chennai, and SEBI in the future, including the section titled "Risk Factors".
Neither the Company nor any of its affiliates, directors, agents, officers, representatives, advisers or employees will be responsible or have any responsibility of any kind for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus and Draft Abridged Prospectus beyond the date of the Draft Red Herring Prospectus and Draft Abridged Prospectus. The information contained in the Draft Red Herring Prospectus and Draft Abridged Prospectus may not be updated since its original publication date and may not reflect the latest updates. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
If you are not in India, please exit this webpage.
To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access, you have read the disclaimer set out above and you agree to be bound by its terms and are located and resident in India. If you cannot make these confirmations, you must press the button marked "I Do Not Confirm".
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
Contact details of Compliance Officer
Name: S.Jayalakshmi
Phone: 9500646344
Email: cs@stalwartgroup.com
Secretarial Audit Report of Material Subsidiaries
Secretarial Compliance Report
Contact details of personnel authorised to determine materiality of event and information
Disclosure under Regulation 30(8) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Monitoring Agency Report
Details of agreements with media companies and their associates
Rating Rationale
IPO Offer Documents
Material Contracts & Material Documents
Memorandum of Association
Article of Association
Certificates of incorporation (COI) issued to the Company
Resolution of the Board of Directors approving the Offer and other related matters
Resolution of the Board of Directors taking on record the consent of the Selling Shareholders to participate in the Offer for Sale
Special Resolution of the shareholders passed at the Extra Ordinary General Meeting approving the Offer
Resolution of Board and resolution of IPO Committee approving this Draft Red Herring Prospectus and the Draft Abridged Prospectus.
Resolution passed by the Audit Committee approving the KPIs for disclosure
Industry Report - Stalwart
Offer Agreement between Company and BRLM
Registrar Agreement between Company and BRLM
Cash escrow and sponsor bank agreement
Share escrow agreement
Syndicate Agreement
Underwriting Agreement
Monitoring Agency Agreement
Tripartite Agreement among CDSL
Tripartite Agreement among NSDL
Material Creditors
Material Creditors
Disclosures and Announcement
Board Meeting
Statement of Deviation and Variation
Closure of Trading Window
General Meeting
Employee Stock Option
ESOP-signed
Integrated Filing
Related Party Transactions
Financial Information
Filter by financial year: 2022-2023
Stalwart-Annual Report-22-23
Filter by financial year: 2023-2024
Stalwart-Annual Report-23-24
Filter by financial year: 2024-2025
Stalwart People-Annual Report-2024-25
Subsidiary Financials
Financial Statements
Filter by financial year: 2023-2024
Filter by financial year: 2024-2025
Filter by financial year: 2025-2026
Audited Financial Statements of Material Subsidiaries
Board & Policies
Board of Directors
Christopher Arvinth
Chairman and Managing Director
Christopher Arvinth
Designation: Chairman and Managing Director
Nature of Directorship: Executive Director
About :
Christopher Arvinth is the Chairman and Managing Director on our Board. He is also one of the founding Promoters of our Company. He holds a bachelor’s degree in commerce from Bharathiar University, Coimbatore, post graduate diploma in business administration from Icfaian Business School and a degree in ‘doctor of advanced studies’ from Universidad Azteca. He has been associated with our Company since incorporation and has more than 22 years of experience in the industry of security services, facility management services, and staffing solutions. He is responsible for strategic direction, overall business operations, including overseas operations, corporate governance and long-term growth functions of our Company.
Other Directorships/Designated Partner:
|
A. Private Companies |
Stalwart Intellisense Private Limited |
|
B. Public Companies |
NIL |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
Stalwart Facilities Service Management LLC - FZ
|
Caroline Mendez
Whole-Time Director and CEO
Mrs. Caroline Mendez
Designation: Whole-Time Director and CEO
Nature of Directorship: Executive Director
About :
Caroline Mendez is a Whole-Time Director and CEO on our Board. She is also one of our founding Promoters of our Company. She has been a Wholetime Director of our Company since April 01, 2023. She holds a bachelor’s degree in commerce from Bharathiar University, Coimbatore and a post graduate certificate in business management from XLRI, Jamshedpur. She oversees the domestic business operations of our Company. Prior to her association with our Company, she was associated with Mcafee Software (India) Private Limited and Sapient Corporation Private Limited.
Other Directorships/Designated Partner:
|
A. Private Companies |
Stalwart Intellisense Private Limited |
|
B. Public Companies |
NIL |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
NIL |
Ankiit Gupta
Executive Director
Mr. Ankiit Gupta
Designation: Executive Director
Nature of Directorship: Executive Director
About :
Ankiit Gupta is an Executive Director of our Company. He has been associated with our Company as an Executive Director since April 22, 2026. He holds a bachelor’s degree in science (visual communication) from University of Madras. His key responsibilities include steering strategic planning, driving business development, and providing leadership in the execution of the Company’s strategic objectives. Prior to his association with our Company, he was associated with Barclays Group and Royal Bank of Scotland. He has over 12 years of experience in strategy planning, resource management and relationship officer.
Other Directorships/Designated Partner:
|
A. Private Companies |
NIL |
|
B. Public Companies |
NIL |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
NIL |
Lakshmiganth K
Independent Director
Lakshmiganth K
Designation: Independent Director
Nature of Directorship: Non-Executive Director
About :
Lakshmiganth K is an Independent Director on our Board. He has been associated with our Company as an Independent Director since March 26, 2025. He holds a bachelor's degree in business management from PSG College of Arts and Science, Coimbatore and a master’s degree in business administration from PSG College of Technology. He has over 25 years of experience in sales, brand development and marketing.
Other Directorships/Designated Partner:
|
A. Private Companies |
Rush Brand Consulting Services Private Limited |
|
B. Public Companies |
NIL |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
NIL |
S Bharath
Independent Director
Bharath
Designation: Independent Director
Nature of Directorship: Non-Executive Director
About :
S Bharath is an Independent Director on our Board. He has been associated with our Company as an Independent Director since March 26, 2025. He holds a master’s degree in science (software engineering) from PSG College of Technology and master’s degree in business administration from China Europe International Business School. He has an experience of 19 years in the manufacturing solutions for garment manufacturing, composites, technical textiles and automotive industry.
Other Directorships/Designated Partner:
|
A. Private Companies |
1.Marse Intellicorp Private Limited 2.Siruba Mehala Machines Private Limited 3.INA Industrial Automation Private Limited |
|
B. Public Companies |
Mehala Machines India Limited |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
NIL |
Sampath Kumar M
Independent Director
Sampath
Designation: Independent Director
Nature of Directorship: Non-Executive Director
About :
Sampath Kumar M is an Independent Director on our Board. He has been associated with our Company as an Independent Director since March 26, 2025. He holds a bachelor's degree in commerce from Madras University and a master’s degree in international management from Pondicherry University. He has over 20 years of experience in banking sector.
Other Directorships/Designated Partner:
|
A. Private Companies |
Figital Technologies Private Limited |
|
B. Public Companies |
NIL |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
NIL |
R Vishnu Prabhakar
Independent Director
Vishnu
Designation: Independent Director
Nature of Directorship: Non-Executive Director
About :
R Vishnu Prabhakar is an Independent Director on our Board. He has been associated with our Company as an Independent Director since March 26, 2025. He holds a bachelor's degree in engineering (electronics and communication) from PSG College of Technology, Coimbatore and a participation certificate on professional development program in strategic leadership, decision making and persuasion from Harvard University, Cambridge, Massachusetts. He was the chairman of Young Indians (Yi), Coimbatore during 2023-24 and is currently serving as the National Vice President of Round Table India, a volunteering organisation for education of children. He has over 15 years of experience in the field of textile machinery.
Other Directorships/Designated Partner:
|
A. Private Companies |
NIL |
|
B. Public Companies |
NIL |
|
C. Limited Liability Partnerships |
NIL |
|
D. Foreign Companies |
NIL |
Committees of Board of Directors
Audit Committee
| SNo. | Name | Position in the committee | Designation |
|---|---|---|---|
| 1 | Sampath Kumar M | Chairman | Independent Director |
| 2 | Lakshmiganth K | Member | Independent Director |
| 3 | S Bharath | Member | Independent Director |
Terms of reference of the committee
Nomination and Remuneration Committee
| SNo. | Name | Position in the committee | Designation |
|---|---|---|---|
| 1 | Lakshmiganth K | Chairman | Independent Director |
| 2 | R Vishnu Prabhakar | Member | Independent Director |
| 3 | S Bharath | Member | Independent Director |
Terms of reference of the committee
Stakeholders Relationship Committee
| SNo. | Name | Position in the committee | Designation |
|---|---|---|---|
| 1 | R Vishnu Prabhakar | Chairman | Independent Director |
| 2 | Christopher Arvinth | Member | Chairman and Managing Director |
| 3 | Caroline Mendez | Member | Whole-Time Director and CEO |
Terms of reference of the committee
Corporate Social Responsibility Company Committee
| SNo. | Name | Position in the committee | Designation |
|---|---|---|---|
| 1 | Christopher Arvinth | Chairman | Chairman and Managing Director |
| 2 | Caroline Mendez | Member | Whole-Time Director and CEO |
| 3 | S Bharath | Member | Independent Director |
Terms of reference of the committee
Risk Management Committee
| SNo. | Name | Position in the committee | Designation |
|---|---|---|---|
| 1 | Caroline Mendez | Chairman | Whole-Time Director and CEO |
| 2 | S Bharath | Member | Independent Director |
| 3 | Nidheesh A | Member | Chief Financial Officer |
Terms of reference of the committee
IPO Committee
| SNo. | Name | Position in the committee | Designation |
|---|---|---|---|
| 1 | Christopher Arvinth | Chairman | Chairman and Managing Director |
| 2 | Caroline Mendez | Member | Whole-time Director and CEO |
| 3 | Sampath Kumar M | Member | Independent Director |
Terms of reference of the committee
Policies and Disclosures
Code of Conduct for Directors and Senior Management
Materiality Policy
Policy on Material Related Party Transaction
Policy on Preservation and Archival of Documents
POSH Policy
Code of Conduct of Fair disclosure of UPSI
CSR Policy
Dividend Distribution Policy
Familiarisation Programme for Independent Directors
Policy on Insider Trading
Policy on Material Subsidiaries
Policy on Materiality of Events
Board Evaluation and Nomination and Remuneration policy
Risk Management Policy
Whistle Blower Policy
Stalwart-Terms and conditions of appointment of Independent Directors
Policy on succession planning
Policy on board diversity
Corporate Governance Reports
Investor Complaints
Unpaid Dividend
Shareholding Pattern
Schedule of Analysts or Institutional Investors Meet
Presentations Made to Analysts or Institutional Investors
Audio and Video Recordings
Transcripts of Post Earnings Conference Calls
Newspaper Advertisement
Financial Results
Support & Resolution
Grievance Procedure
A grievance, typically related to unfair treatment, workplace conditions, or policy violations, is a formal complaint seeking resolution. Our structured process ensures that your concerns are handled with care and resolved effectively.
Contact us
We are committed to addressing all grievances promptly and fairly. Please reach out to us via the contact details above to register your concern.
Contact details of registrar to the offer
Name: KFin Technologies Limited
Address: 301, The Centrium,3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai- 400070, Maharashtra, India
Website: www.kfintech.com