About Mara Innovation Labs Private Limited
Data last updated:
Mara Innovation Labs Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Mara Labs Holdings Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2015FTC080212.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hetal Bhupendrabhai Shah and Jay Kiritbhai Upadhyay.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Aratt Felicita Appartment Flat No. 613 Wing No.6 Mylsandra Road Begur, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.24 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹4,864 (net margin -1.5%) and EBITDA of ₹2.21 Lakh (EBITDA margin 68%).
The company is associated with 1 brand: Marathon Digital Holdings.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mara.com.
Company details
Contact details
Mara Innovation Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is mara.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAratt Felicita Appartment Flat No. 613 Wing No.6 Mylsandra Road Begur, Bangalore, Karnataka, India – 560068
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Mara Innovation Labs 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
Mara Innovation Labs operates one associated brand: Marathon Digital Holdings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Data centers for digital assets and energy solutions are operated. | mara.com |
Financials of Mara Innovation Labs Private Limited
FY 2017 filings availableMara Innovation Labs Private Limited reported revenue of ₹3.24 Lakh (down 99% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year. EBITDA fell 55% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹3.24 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹2.21 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4,864 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 68% | |
| Net Profit Margin | -1.5% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Mara Innovation Labs Private Limited, buy the company report.
Board of directors of Mara Innovation Labs Private Limited
Mara Innovation Labs has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hetal Bhupendrabhai Shah Also directs: Last Mile Hub Global Private Limited | Director | 30 Jun 2015 | 11 Years 3 Months | Current |
| Jay Kiritbhai Upadhyay | Additional Director | 22 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Mara Innovation Labs Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MCS Hotel and Resorts Private Limited | ₹3.27 Lakh (FY 2024) | 9.0% | Patna, Bihar, India | |||
| Tellatale Foods Private Limited | ₹3.27 Lakh (FY 2024) | 160.0% | Bangalore, Karnataka, India | |||
| Buddyaan Services Private Limited | ₹3.25 Lakh (FY 2025) | -33.0% | Thane, Maharashtra, India | |||
| Ansh Systems Private Limited | ₹3.25 Lakh (FY 2025) | 35.0% | Pune, Maharashtra, India | |||
| Obaps Global Technologies Private Limited | ₹3.25 Lakh (FY 2024) | 62.0% | Tumakuru, Karnataka, India | |||
| Mara Innovation Labs Private Limitedthis company | ₹3.24 Lakh (FY 2017) | -₹4,864 | -1.5% | -99.0% | Bangalore, Karnataka, India | |
| Amsoft Systems Private Limited | ₹3.24 Lakh (FY 2023) | -88.0% | New Delhi, Delhi, India | |||
| Greypath Infotech Private Limited | ₹3.24 Lakh (FY 2025) | -7.0% | Bangalore, Karnataka, India | |||
| RKG Software Private Limited | ₹3.2 Lakh (FY 2024) | 40.0% | Kolkata, West Bengal, India | |||
| Planeer Technologies Private Limited | ₹3.19 Lakh (FY 2016) | -52.0% | Kanpur, Uttar Pradesh, India | |||
| Venera Technologies Private Limited | ₹3.19 Lakh (FY 2024) | 51.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mara Innovation Labs Private Limited, buy the company report.
Auditor
Mara Innovation Labs Private Limited is audited by KATHURIA ASIJA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KATHURIA ASIJA & CO | FY 2017 | 013044N |
Shareholding
The shareholding of Mara Innovation Labs Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mara Innovation Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mara Innovation Labs Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mara Innovation Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mara Innovation Labs Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mara Innovation Labs Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Jay Kiritbhai Upadhyay was appointed as Additional Director on 22 Mar 2018.
News
Frequently asked questions
Mara Innovation Labs is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 08 May 2015 (11+ years old) and is registered under CIN U93000KA2015FTC080212.
Mara Innovation Labs has 2 current directors:
- Hetal Bhupendrabhai Shah - Director
- Jay Kiritbhai Upadhyay - Additional Director
The latest financial statements of Mara Innovation Labs on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Mara Innovation Labs is U93000KA2015FTC080212. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mara Innovation Labs was incorporated on 08 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mara Innovation Labs by revenue are MCS Hotel and Resorts Private Limited, Tellatale Foods Private Limited, Buddyaan Services Private Limited, Ansh Systems Private Limited, Obaps Global Technologies Private Limited and 5 more, all in the Information Technology industry (Application Development).
Jay Kiritbhai Upadhyay was appointed as Additional Director on 22 Mar 2018. Dinesh Giani ceased to be Director on 20 Mar 2018. Anubhav Nagar ceased to be Director on 10 Jan 2018. Mara Innovation Labs has 6 board changes on record in total.
Mara Innovation Labs can be reached through the website mara.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mara Innovation Labs is at Aratt Felicita Appartment Flat No. 613 Wing No.6 Mylsandra Road Begur, Bangalore, Karnataka, India – 560068.
Mara Innovation Labs operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Mara Innovation Labs is active non-compliant as of 16 September 2026. The company is actively filing with the Registrar of Companies.