Megaways Tech Solutions India Private Limited
About Megaways Tech Solutions India Private Limited
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Megaways Tech Solutions India Private Limited is a private limited company based in Hukeri, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 12 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC118430. Its GSTIN is 29AAMCM2251Q1ZS (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.4 Lakh. It is led by directors Ashif Malik Panari and Malik Shabuddin Panari.
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 H No. # 2857 Mahadev Nagar, Hukeri, Karnataka, India – 591313.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.88 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹20,440 (net margin 1.1%) and EBITDA of ₹16,850 (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
Company details
Contact details
Megaways Tech Solutions India Private Limited's registered office is in Hukeri, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressH No. # 2857 Mahadev Nagar, Hukeri, Karnataka, India – 591313
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Megaways Tech Solutions India 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
Business activity
The main business activity of Megaways Tech Solutions India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Megaways Tech Solutions India Private Limited, buy the company report.
Financials of Megaways Tech Solutions India Private Limited
FY 2024 filings availableMegaways Tech Solutions India Private Limited reported revenue of ₹17.88 Lakh (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 40% 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
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| EBITDA | ₹16,850 | ||||
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| Net Profit (PAT) | ₹20,440 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 1.1% | ||||
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To see the full financial statements and ratios of Megaways Tech Solutions India Private Limited, buy the company report.
Board of directors of Megaways Tech Solutions India Private Limited
Megaways Tech Solutions India 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 |
|---|---|---|---|---|
| Ashif Malik Panari | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Malik Shabuddin Panari | Director | 05 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Megaways Tech Solutions India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nyeste Venture Technologies Private Limited | ₹17.9 Lakh (FY 2022) | 27.0% | Thiruvananthapuram, Kerala, India | |||
| Createch Infosol Private Limited | ₹17.89 Lakh (FY 2022) | -61.0% | Rourkela, Odisha, India | |||
| Mekkanos Technologies Private Limited | ₹17.89 Lakh (FY 2025) | -75.0% | Coimbatore, Tamil Nadu, India | |||
| Sybels Infotech Private Limited | ₹17.88 Lakh (FY 2025) | 25.0% | Aurangabad, Maharashtra, India | |||
| Megaways Tech Solutions India Private Limitedthis company | ₹17.88 Lakh (FY 2024) | ₹20,440 | 1.1% | 9.0% | Hukeri, Karnataka, India | |
| Arius Realty Private Limited | ₹17.88 Lakh (FY 2024) | -46.0% | Bangalore, Karnataka, India | |||
| Plansgreen Consulting Services Private Limited | ₹17.88 Lakh (FY 2022) | Hyderabad, Telangana, India | ||||
| Novvox Tech (OPC) Private Limited | ₹17.87 Lakh (FY 2021) | West Bengal, India | ||||
| Ammoru Buyent Technology India Private Limited | ₹17.87 Lakh (FY 2023) | Andhra Pradesh, India | ||||
| Wilco Solutions IT Private Limited | ₹17.87 Lakh (FY 2020) | 5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Megaways Tech Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Megaways Tech Solutions India 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 Megaways Tech Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Megaways Tech Solutions India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCM2251Q1ZS | Karnataka | Active | 12 Dec 2018 |
To see the full GST registrations and return filing status of Megaways Tech Solutions India Private Limited, buy the company report.
Recent activity
Megaways Tech Solutions India Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Malik Shabuddin Panari ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Megaways Tech Solutions India is an active private limited company based in Hukeri, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 12 November 2018 (8+ years old) and is registered under CIN U72900KA2018PTC118430.
Megaways Tech Solutions India has 2 current directors:
- Ashif Malik Panari - Director
- Malik Shabuddin Panari - Director
The latest financial statements of Megaways Tech Solutions India 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 FY 2019 are in the company report.
The GSTIN of Megaways Tech Solutions India is 29AAMCM2251Q1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Megaways Tech Solutions India is U72900KA2018PTC118430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megaways Tech Solutions India was incorporated on 12 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Megaways Tech Solutions India by revenue are Nyeste Venture Technologies Private Limited, Createch Infosol Private Limited, Mekkanos Technologies Private Limited, Sybels Infotech Private Limited, Arius Realty Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Malik Shabuddin Panari ceased to be Additional Director on 29 Sep 2023. Malik Shabuddin Panari was appointed as Director on 05 Jun 2023. Faizanmohammadkhan Ferozkhan Pathan ceased to be Additional Director on 30 Nov 2021. Megaways Tech Solutions India has 6 board changes on record in total.
The registered office of Megaways Tech Solutions India is at H No. # 2857 Mahadev Nagar, Hukeri, Karnataka, India – 591313.
Megaways Tech Solutions India operates in the information technology industry, in the other computer related activities segment.
Megaways Tech Solutions India can be reached at its registered office: H No. # 2857 Mahadev Nagar, Hukeri, Karnataka, India – 591313.