Mastermind Software Services Private Limited
About Mastermind Software Services Private Limited
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Mastermind Software Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 13 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51221MH2006PTC165508. Its GSTIN is 27AABCH7825G1ZJ (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Hafoos Mango Fruit Exports Private Limited. It is led by directors Parag Rasiklal Gandhi and Satish Bachubhai Sheth.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.11 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹80.43 Lakh (net margin 11.3%) and EBITDA of ₹1.08 Cr (EBITDA margin 15.2%).
The company has about 170 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressFlat No 41 B Wing Sita Sadan Chs Ltd. Skybuild Dvl. Off Sai Baba Nagar Kandi, Vali (W), Mumbai, Maharashtra, India – 400067
- IndustryInformation Technology, Web Design & Maintenance Services
- 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
- One PDF report, delivered after checkout
Business Activity of Mastermind Software Services Private Limited
The main business activity of Mastermind Software Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mastermind Software Services Private Limited FY 2025 filings available
Mastermind Software Services Private Limited reported revenue of ₹7.11 Cr (up 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mastermind Software Services Private Limited
Revenue rose 42% in the latest year. EBITDA rose 35% 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 of Mastermind Software Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹80.43 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mastermind Software Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mastermind Software Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mastermind Software Services Private Limited
Mastermind Software Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services, Website Design and Maintenance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spryiq Technologies Private Limited | ₹7.14 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Pune, Maharashtra, India |
| Skalar Analytical India Private Limited | ₹7.14 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Chennai, Tamil Nadu, India |
| Nextmeta Labs Private Limited | ₹7.13 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Crestech Software Systems Private Limited | ₹7.12 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Spicetech IT Solutions Private Limited | ₹7.11 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Kota, Rajasthan, India |
| Mastermind Software Services Private Limited this company | ₹7.11 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| Krishaweb Technologies Private Limited | ₹7.11 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Ahmedabad, Gujarat, India |
| 50K Saas Ventures Private Limited | ₹7.11 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Seri Lingampally, Telangana, India |
| Skuteam India Private Limited | ₹7.1 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Chennai, Tamil Nadu, India |
| Dhio Research & Engineering Private Limited | ₹7.1 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Bangalore, Karnataka, India |
| Ezemrx India Private Limited | ₹7.1 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Mastermind Software Services by revenue in the Information Technology industry (Software Services, Website Design and Maintenance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mastermind Software Services Private Limited
Mastermind Software Services Private Limited is audited by M. D. DARUWALLA & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. D. DARUWALLA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mastermind Software Services Private Limited
Mastermind Software Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Rasiklal Gandhi | Director | 13 Nov 2006 | 19 Years 10 Months | Current |
| Satish Bachubhai Sheth Also directs: Esaya Software (India) Private Limited | Director | 14 Dec 2015 | 10 Years 9 Months | Current |
Ownership and Shareholding of Mastermind Software Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mastermind Software Services Private Limited
Mastermind Software Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mastermind Software Services Private Limited
Mastermind Software Services Private Limited has a workforce of 170 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Mastermind Software Services Private Limited
Mastermind Software Services has undergone 2 name changes throughout its history. The company was previously known as Mastermind Software Services Private Limited, and Hafoos Mango Fruit Exports Private Limited. The current legal name is Mastermind Software Services Private Limited.
| Company Name | Status |
|---|---|
| Mastermind Software Services Private Limited | Current |
| Hafoos Mango Fruit Exports Private Limited | Previous |
Recent Activity on Mastermind Software Services Private Limited
Mastermind Software Services Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Satish Bachubhai Sheth ceased to be Additional Director on 30 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts for Mastermind Software Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mastermind Software Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mastermind Software Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mastermind Software Services Private Limited
Mastermind Software Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH7825G1ZJ | Maharashtra | Active | 09 Feb 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mastermind Software Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mastermind Software Services Private Limited
Mastermind Software Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 13 November 2006 (20+ years old) and is registered under CIN U51221MH2006PTC165508.
Mastermind Software Services reported revenue of ₹7.11 Cr for FY 2024 (up 42% YoY).
Mastermind Software Services has 2 current directors:
- Parag Rasiklal Gandhi - Director
- Satish Bachubhai Sheth - Director
Mastermind Software Services reported a net profit of ₹80.43 Lakh (net margin 11.3%) and EBITDA of ₹1.08 Cr (EBITDA margin 15.2%) for FY 2024, as per its filed financial statements.
The GSTIN of Mastermind Software Services is 27AABCH7825G1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mastermind Software Services is U51221MH2006PTC165508. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mastermind Software Services was incorporated on 13 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mastermind Software Services by revenue are Spryiq Technologies Private Limited, Skalar Analytical India Private Limited, Nextmeta Labs Private Limited, Crestech Software Systems Private Limited, Spicetech IT Solutions Private Limited and 5 more, all in the Information Technology industry (Software Services, Website Design and Maintenance).
Satish Bachubhai Sheth ceased to be Additional Director on 30 Sep 2016. Ashwin Jayantkumar Ashar ceased to be Director on 08 Mar 2016. Satish Bachubhai Sheth was appointed as Director on 14 Dec 2015. Mastermind Software Services has 4 board changes on record in total.
The registered office of Mastermind Software Services is at Flat No 41 B Wing Sita Sadan Chs Ltd. Skybuild Dvl. Off Sai Baba Nagar Kandi, Vali W, Mumbai, Maharashtra, India – 400067.
Mastermind Software Services has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.