MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-TN-02-0046632
MGH Labs Private Limited - manufacturing in Taramani, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹17.54 Lakh
▼ 52% YoY
Net loss · FY 2020
₹2.19 Cr
Latest filing
EBITDA · FY 2020
-₹2.65 Cr
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹6.01 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
19
Provident fund records
Directors on board
2
As per MCA filings
About MGH Labs Private Limited
Data last updated:
MGH Labs Private Limited is a private limited company based in Taramani, Tamil Nadu, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 26 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24100TN2016PTC110040. Its GSTIN is 33AAKCM3719R1ZW (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.01 Lakh. It is led by directors Gokul Rajasekaran and B Hemachandra.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No. 01 Module No.09 Cluster – A First Floor Iit – Madras Research Park Kanagam Road, Taramani, Tamil Nadu, India – 600113.
As per the financials filed for FY 2020, the company reported a revenue of ₹17.54 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹2.19 Cr and EBITDA of -₹2.65 Cr. Revenue has grown at a compounded annual rate (CAGR) of 332% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Bogorchid and BluSpider. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹10.6 Cr; the latest was in February 2020. Its 4 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Fenix Water Solutions India Private Limited with revenue of ₹17.76 Lakh.
MGH Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0046632). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluspider.in.
Company details
CIN U24100TN2016PTC110040
Registration Number 110040
Incorporation Date 26 April 2016
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0046632
Key People
Gokul Rajasekaran Director B Hemachandra Director Recognitions & Rankings of MGH Labs
Contact details
MGH Labs Private Limited's registered office is in Taramani, Tamil Nadu. Its website is bluspider.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 01 Module No.09 Cluster – A First Floor Iit – Madras Research Park Kanagam Road, Taramani, Tamil Nadu, India – 600113
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of MGH Labs Private Limited, buy the company report.
Comprehensive company report
MGH Labs Private Limited - one report that includes everything
- 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
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Brands
MGH Labs operates two associated brands: Bogorchid and BluSpider. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pest control products are manufactured by Bogorchid in India. | bogorchid.com | |
| Internet first brand offering smart device for pest control | bluspider.in |
Business activity
The main business activity of MGH Labs is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of MGH Labs Private Limited, buy the company report.
Financials of MGH Labs Private Limited
FY 2020 filings availableMGH Labs Private Limited reported revenue of ₹17.54 Lakh (down 52% YoY) for FY 2020.
Revenue · FY 2020
₹17.54 Lakh ▼ 52%
Net loss · FY 2020
₹2.19 Cr
EBITDA · FY 2020
-₹2.65 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
3 years · compounded
▲ 332%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 79%
Revenue fell 52% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 332%. EBITDA fell 4% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹17.54 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.65 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.19 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 MGH Labs Private Limited, buy the company report.
Board of directors of MGH Labs Private Limited
MGH Labs has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gokul Rajasekaran Also directs: Camo Mobility Private Limited | Director | 26 Apr 2016 | 10 Years 5 Months | Current |
| B Hemachandra | Director | 26 Apr 2016 | 10 Years 5 Months | Current |
Peer comparison
MGH Labs Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fenix Water Solutions India Private Limited | ₹17.76 Lakh (FY 2024) | -38.0% | Kalady, Kerala, India | |||
| Tirupati Synbags Private Limited | ₹17.68 Lakh (FY 2019) | -64.0% | Indore, Madhya Pradesh, India | |||
| MGH Labs Private Limitedthis company | ₹17.54 Lakh (FY 2020) | -₹2.19 Cr | -52.0% | 19 | Taramani, Tamil Nadu, India | |
| Sidhmukh Flexible Packaging Private Limited | ₹17.47 Lakh (FY 2025) | 9.0% | Bhind, Madhya Pradesh, India | |||
| Amba Thermoformers Private Limited | ₹17.46 Lakh (FY 2025) | 9.0% | Chomu, Rajasthan, India |
To see the full peer comparison of MGH Labs Private Limited, buy the company report.
Auditor
MGH Labs Private Limited is audited by SUBASHINI AND ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUBASHINI AND ASSOCIATES LLP | FY 2020 | 013074S |
Shareholding
The shareholding of MGH Labs Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of MGH Labs Private Limited, buy the company report.
Deals & funding
MGH Labs Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹10.6 Cr; the latest was in February 2020.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹10.6 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Fireside Ventures, VenturEast Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: IIT Madras Seller: an individual |
To see the full deal history of MGH Labs 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
No court or tribunal cases involving MGH 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 MGH Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MGH Labs Private Limited has a workforce of 19 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
-36.67%
GST
MGH Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAKCM3719R1ZW | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MGH Labs Private Limited, buy the company report.
Recent activity
MGH Labs Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Kanwaljit Singh ceased to be Director on 10 Jun 2019.
AGM
Mgh Labs Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
Mgh Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Chennai.
Ceased
Kanwaljit Singh ceased to be Director.
Ceased
Palanisamy Muthukumar ceased to be Director.
Appointed
B Hemachandra was appointed as Director.
Appointed
Gokul Rajasekaran was appointed as Director.
Incorporation
26 Apr 2016
Mgh Labs Private Limited was registered on 26 Apr 2016 with Roc Chennai & aged 10 years 5 months as per MCA records.
Frequently asked questions
MGH Labs is an active private limited company based in Taramani, Tamil Nadu, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 26 April 2016 (10+ years old) and is registered under CIN U24100TN2016PTC110040.
MGH Labs has 2 current directors:
- Gokul Rajasekaran - Director
- B Hemachandra - Director
The latest financial statements of MGH Labs on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2017 are in the company report.
The GSTIN of MGH Labs is 33AAKCM3719R1ZW, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of MGH Labs is U24100TN2016PTC110040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGH Labs was incorporated on 26 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
MGH Labs has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹10.6 Cr; the latest was in February 2020.
The peers of MGH Labs by revenue are Fenix Water Solutions India Private Limited, Tirupati Synbags Private Limited, Sidhmukh Flexible Packaging Private Limited, Amba Thermoformers Private Limited, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Kanwaljit Singh ceased to be Director on 10 Jun 2019. Palanisamy Muthukumar ceased to be Director on 31 May 2019. B Hemachandra was appointed as Director on 26 Apr 2016. MGH Labs has 4 board changes on record in total.
Yes, MGH Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0046632).
MGH Labs can be reached through the website bluspider.in. Its registered office is in Taramani, Tamil Nadu, India.