Mayo Ite Private Limited
About Mayo Ite Private Limited
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Mayo Ite Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC151902. Its GSTIN is 29AAOCM9760G1ZR (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.04 Lakh. It is led by directors including Rajnish Dechen and Vijay Manohar Kamath.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.15 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹2.26 Cr (net margin 20.3%) and EBITDA of ₹3.09 Cr (EBITDA margin 27.7%). Revenue has grown at a compounded annual rate (CAGR) of 74% over three years.
The company has about 37 employees on its provident fund (EPFO) records.
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- Registered AddressS – 4 Gem Plaza 2nd Floor, No. 66/51 Infantry Road, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, IT Consulting & Support 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 Mayo Ite Private Limited
The main business activity of Mayo Ite is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Mayo Ite Private Limited FY 2025 filings available
Mayo Ite Private Limited reported revenue of ₹11.15 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mayo Ite Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 74% over three years, including 14% growth in the latest year. EBITDA fell 13% 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 Mayo Ite Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹3.09 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.26 Cr | •••• | •••• | •••• |
| 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 of Mayo Ite Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 27.7% | •••• | •••• | •••• |
| Net Profit Margin | 20.3% | •••• | •••• | •••• |
| 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 Mayo Ite are in the company report.
Financial statements from FY 2022
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.
Board of Directors of Mayo Ite Private Limited
Mayo Ite has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Dechen Also directs: Dechen Enterprises Private Limited | Director | 16 Sep 2021 | 5 Years 1 Months | Current |
| Vijay Manohar Kamath Also directs: Vired Consultants LLP | Director | 15 Feb 2024 | 2 Years 8 Months | Current |
| Rajesh Hariharan Also directs: Dechen Enterprises Private Limited | Director | 16 Sep 2021 | 5 Years 1 Months | Current |
Peer Comparison of Mayo Ite Private Limited
Mayo Ite Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ipsoft Global Services Private Limited | ₹11.19 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| Osi Digital Services Private Limited | ₹11.18 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Indiglobe IT Solutions Private Limited | ₹11.17 Cr (FY 2025) | •••• | •••• | 547.0% | •••• | Hyderabad, Telangana, India |
| Beghou Consulting India Private Limited | ₹11.16 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Hyderabad, Telangana, India |
| Blackfig Technologies Private Limited | ₹11.15 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Bangalore, Karnataka, India |
| Mayo Ite Private Limited this company | ₹11.15 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Kramer Research and Development India Private Limited | ₹11.14 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Noida, Uttar Pradesh, India |
| Splisys IT Consulting Private Limited | ₹11.13 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Landmark Systems and Solutions Private Limited | ₹11.13 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Gunaatita Technology Private Limited | ₹11.12 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Solicon Private Limited | ₹11.12 Cr (FY 2023) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mayo Ite by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Mayo Ite Private Limited
Mayo Ite Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mayo Ite Private Limited
Employment history and EPFO contributions of people linked to Mayo Ite.
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.
Recent Activity on Mayo Ite Private Limited
Mayo Ite Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Vijay Manohar Kamath ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Mayo Ite 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 Mayo Ite 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 Mayo Ite 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 Mayo Ite Private Limited
Mayo Ite has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM9760G1ZR | Karnataka | Active | 24 Mar 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 Mayo Ite 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 Mayo Ite Private Limited
Mayo Ite is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 September 2021 (5+ years old) and is registered under CIN U72900KA2021PTC151902.
Mayo Ite reported revenue of ₹11.15 Cr for FY 2025 (up 14% YoY).
Mayo Ite has 3 current directors:
- Rajnish Dechen - Director
- Vijay Manohar Kamath - Director
- Rajesh Hariharan - Director
Mayo Ite reported a net profit of ₹2.26 Cr (net margin 20.3%) and EBITDA of ₹3.09 Cr (EBITDA margin 27.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mayo Ite is 74% over three years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mayo Ite is 29AAOCM9760G1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Mayo Ite is U72900KA2021PTC151902. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayo Ite was incorporated on 16 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mayo Ite by revenue are Ipsoft Global Services Private Limited, Osi Digital Services Private Limited, Indiglobe IT Solutions Private Limited, Beghou Consulting India Private Limited, Blackfig Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Vijay Manohar Kamath ceased to be Additional Director on 29 Sep 2024. Vijay Manohar Kamath was appointed as Director on 15 Feb 2024. Rajesh Hariharan was appointed as Director on 16 Sep 2021. Mayo Ite has 4 board changes on record in total.
The registered office of Mayo Ite is at S – 4 Gem Plaza 2nd Floor, No. 6651 Infantry Road, Bangalore, Karnataka, India – 560001.