About Hiveminds Innovative Market Solutions Private Limited
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Hiveminds Innovative Market Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Madison Communications Private Limited. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 29 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74130MH2010PTC326971. Its GSTIN is 27AACCH5531J1ZK (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jyothirmayee Jayachamarajapura Thrishula Murthy and Ammasandra Narasappa Siddagangamma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1st Floor 349 Business Point Western Express Highway Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹601.45 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹11.04 Cr (net margin 1.8%) and EBITDA of ₹15.94 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 172% over three years and 105% over five years.
The company has about 257 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Intutel and HiveMinds. Court records list 19 cases involving the company, including 9 filed by the company and 10 filed against it; 9 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in December 2023. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 206 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hiveminds.in.
Company details
CIN history
Hiveminds Innovative Market Solutions has one previous CIN (Corporate Identification Number): U74130KA2010PTC056053. The current CIN is U74130MH2010PTC326971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74130MH2010PTC326971 | Current |
| U74130KA2010PTC056053 | Previous |
Contact details
Hiveminds Innovative Market Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is hiveminds.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor 349 Business Point Western Express Highway Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Hiveminds Innovative Market Solutions operates two associated brands: Intutel and HiveMinds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers an integrated market intelligence suite for marketers. | intutel.com | |
| Data-driven digital marketing solutions are offered for business growth. | hiveminds.in |
Business activity
The main business activity of Hiveminds Innovative Market Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Financials of Hiveminds Innovative Market Solutions Private Limited
FY 2024 filings availableHiveminds Innovative Market Solutions Private Limited reported revenue of ₹601.45 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 105% over five years, including 28% growth in the latest year. EBITDA fell 21% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹15.94 Cr | ||||
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| Net Profit (PAT) | ₹11.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 1.8% | ||||
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To see the full financial statements and ratios of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Board of directors of Hiveminds Innovative Market Solutions Private Limited
Hiveminds Innovative Market Solutions has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyothirmayee Jayachamarajapura Thrishula Murthy | Director | 29 Nov 2010 | 15 Years 11 Months | Current |
| Ammasandra Narasappa Siddagangamma | Director | 29 Nov 2010 | 15 Years 11 Months | Current |
| Vikram Sakhuja Also directs: Platinum Communications Private Limited, Mfunnel Technologies Private Limited, Madison Communications Private Limited and 5 more | Director | 30 Jul 2017 | 9 Years 3 Months | Current |
| Lara Balsara Vajifdar | Director | 30 Jul 2017 | 9 Years 3 Months | Current |
| Sam Baman Balsara | Director | 30 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Hiveminds Innovative Market Solutions Private Limited is audited by Lathi & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lathi & Company | FY 2023 | 114697W |
Shareholding
The shareholding of Hiveminds Innovative Market Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Deals & funding
Hiveminds Innovative Market Solutions Private Limited has 6 deals on record (6 secondary share transfers); the latest was in December 2023.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Madison Communications Private Limited Seller: 4 individuals |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hiveminds Innovative Market Solutions Private Limited has 19 court cases on record: 9 filed by Hiveminds Innovative Market Solutions, 10 filed against it. 9 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 6 | 6 |
| High courts | 4 | 4 | 3 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Arbitration matter | Filed against the company by Rankguru Technology Solutions Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Drolia and Kataruka Realty LLP | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Dtwelve Spaces Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Total Environment Building Systems Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against One Mobikwik Systems Ltd | Pending |
To see the full case history of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Hiveminds Innovative Market Solutions Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 206 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vivish Technologies Private Limited | |||
| Dr Influencer Marketing Private Limited | |||
| Mediascopy Digital Solutions | |||
| Alnik Marketing Technologies Private Limited | |||
| Globalplay Media Technologies Private Limited |
To see the full MSME payment records of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hiveminds Innovative Market Solutions Private Limited has a workforce of 257 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Hiveminds Innovative Market Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH5531J1ZK | Maharashtra | Active | 27 Jul 2023 |
| 29AACCH5531J1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hiveminds Innovative Market Solutions Private Limited, buy the company report.
Recent activity
Hiveminds Innovative Market Solutions Private Limited has 11 board changes on record since 2010: 5 appointments and 6 cessations. The latest: Jyothirmayee Jayachamarajapura Thrishula Murthy ceased to be Director on 08 Jul 2025.
2 earlier events are in the company report.
Frequently asked questions
Hiveminds Innovative Market Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 29 November 2010 (16+ years old) and is registered under CIN U74130MH2010PTC326971.
Hiveminds Innovative Market Solutions has 5 current directors:
- Jyothirmayee Jayachamarajapura Thrishula Murthy - Director
- Ammasandra Narasappa Siddagangamma - Director
- Vikram Sakhuja - Director
- Lara Balsara Vajifdar - Director
- Sam Baman Balsara - Director
The latest financial statements of Hiveminds Innovative Market Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hiveminds Innovative Market Solutions is 27AACCH5531J1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCH5531J1ZG (Karnataka).
The CIN (Corporate Identification Number) of Hiveminds Innovative Market Solutions is U74130MH2010PTC326971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiveminds Innovative Market Solutions has 19 court cases on record: 9 filed by the company and 10 filed against it. 9 are pending. Most are in the district courts.
Hiveminds Innovative Market Solutions was incorporated on 29 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Hiveminds Innovative Market Solutions has 6 deals on record (6 secondary share transfers); the latest was in December 2023.
Jyothirmayee Jayachamarajapura Thrishula Murthy ceased to be Director on 08 Jul 2025. Shanmugavel Mani Subbiah ceased to be Director on 08 Jul 2025. Ammasandra Narasappa Siddagangamma ceased to be Director on 12 Jun 2025. Hiveminds Innovative Market Solutions has 11 board changes on record in total.
Hiveminds Innovative Market Solutions has 12 MSME Form 1 returns on record between 2019 and 2024, listing 206 overdue payments to 41 micro and small suppliers. The latest return was filed on 19 Apr 2024.
Hiveminds Innovative Market Solutions can be reached through the website hiveminds.in. Its registered office is in Mumbai, Maharashtra, India.
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