DPIIT recognised startup Government of India
Startup India
Mindeed Technologies and Services Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.87 Cr
▲ 61% YoY
Net loss · FY 2025
₹23.24 Lakh
Net margin -4%
EBITDA · FY 2025
₹6.15 Lakh
EBITDA margin 1%
Authorised capital
₹24 Lakh
Registered with MCA
Paid-up capital
₹8.34 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
21
Provident fund records
Directors on board
5
As per MCA filings
About Mindeed Technologies and Services Private Limited
Data last updated:
Mindeed Technologies and Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 09 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2019PTC129197. Its GSTIN is 33AAMCM6618H1ZB (Tamil Nadu).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹8.34 Lakh. It is led by directors including Sundar Balasubramanian and Mohan Raj Ravi.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 17/3 (Old No 8C) 2nd Floor Pembroke Shafee Mohammad Road Nungambakkam, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.87 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net loss of ₹23.24 Lakh (net margin -4%) and EBITDA of ₹6.15 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mindeed Technologies and Mylapay. The company has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.62 Cr; the latest was in January 2026. Its 10 peer companies in the BFSI industry (Payment Gateways) are compared by revenue, 5 larger and 5 smaller; the largest is Euronet Infinitium Solutions Private Limited with revenue of ₹7.15 Cr.
Mindeed Technologies and Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0113863). For more details, the company can be reached via its website mylapay.com.
Company Details of Mindeed Technologies and Services Private Limited
CIN U72900TN2019PTC129197
Registration Number 129197
Incorporation Date 09 May 2019
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 August 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0113863
Key People
Sundar Balasubramanian Director Mohan Raj Ravi Director Jayalakshmi Balasubramanian Director Recognitions & Rankings of Mindeed Technologies and Services
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0113863
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 17/3 (Old No 8C) 2nd Floor Pembroke Shafee Mohammad Road Nungambakkam, Chennai, Tamil Nadu, India – 600006
- IndustryFinancial Services, Online Payment Gateways
Comprehensive company report
Mindeed Technologies and Services 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Associated Brands with Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services operates two associated brands: Mindeed Technologies and Mylapay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a comprehensive banking software suite. | mindeed.in | |
| Provider of payment processing and risk management solutions | mylapay.com |
Business Activity of Mindeed Technologies and Services Private Limited
The main business activity of Mindeed Technologies and Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Premium access
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 Mindeed Technologies and Services Private Limited FY 2025 filings available
Mindeed Technologies and Services Private Limited reported revenue of ₹5.87 Cr (up 61% YoY) for FY 2025.
Revenue · FY 2025
₹5.87 Cr ▲ 61%
Net loss · FY 2025
₹23.24 Lakh margin -4%
EBITDA · FY 2025
₹6.15 Lakh margin 1%
Compounded Annual Growth Rate (CAGR) of Mindeed Technologies and Services Private Limited
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 69%
EBITDA CAGR growth
1 year
▼ 90%
3 years · compounded
▼ 24%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 69% over three years, including 61% growth in the latest year. EBITDA fell 90% 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 Mindeed Technologies and Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹6.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹23.24 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mindeed Technologies and Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4% | •••• | •••• | •••• | •••• |
| 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 Mindeed Technologies and Services are in the company report.
Premium access
Financial statements from FY 2020
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 Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundar Balasubramanian Also directs: LC Padi Shenoy Nagar Association | Director | 18 Mar 2021 | 5 Years 7 Months | Current |
| Mohan Raj Ravi | Director | 09 May 2019 | 7 Years 5 Months | Current |
| Jayalakshmi Balasubramanian | Director | 09 May 2019 | 7 Years 5 Months | Current |
| Davesh Manocha Also directs: CDM Partners Advisors LLP, R.G. Scientific Enterprises Private Limited, Credhas Technology Private Limited and 4 more | Director | 22 Dec 2023 | 2 Years 9 Months | Current |
| Santhanakumar | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
Peer Comparison of Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Gateways). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Euronet Infinitium Solutions Private Limited | ₹7.15 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Mumbai, Maharashtra, India |
| Mishipay India Private Limited | ₹6.56 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| One On One Indus Private Limited | ₹6.24 Cr (FY 2022) | •••• | •••• | 403.0% | •••• | Bhopal, Madhya Pradesh, India |
| Ashingredients India Private Limited | ₹6.16 Cr (FY 2025) | •••• | •••• | 268.0% | •••• | M G Road, Karnataka, India |
| Digipros Enterprise Private Limited | ₹6.04 Cr (FY 2024) | •••• | •••• | 98.0% | •••• | Vapi, Gujarat, India |
| Mindeed Technologies and Services Private Limited this company | ₹5.87 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Chennai, Tamil Nadu, India |
| Parshwa Payserve Private Limited | ₹5.47 Cr (FY 2025) | •••• | •••• | -75.0% | •••• | Mumbai, Maharashtra, India |
| Vanika Commercial and Holdings Private Limited | ₹5.46 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Dalmiapuram, Tamil Nadu, India |
| Direct Bazaar International Limited | ₹5.07 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Surat, Gujarat, India |
| Wonderpay Technologies Private Limited | ₹4.9 Cr (FY 2025) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Otha Industries Private Limited | ₹4.89 Cr (FY 2024) | •••• | •••• | 83.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Mindeed Technologies and Services by revenue in the BFSI industry (Payment Gateways), 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 Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services Private Limited is audited by RAMVEL & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAMVEL & ASSOCIATES | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Mindeed Technologies and Services Private Limited
Premium access
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 Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services Private Limited has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.62 Cr; the latest was in January 2026.
Total deals
7
Rights issues
4
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹13.62 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Funding round | ₹9.03 Cr | Investors: Saison Capital, GrowthCap Ventures, CDM Capital |
| Jan 2024 | Funding round · Seed | ₹4.59 Cr | Investors: CDM Capital, Saison Capital, LVX (LetsVenture) |
| Aug 2022 | Rights issue | ₹10 Lakh | Investors: an individual |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Jan 2021 | Rights issue | ₹66 Lakh | Investors: 4 individuals |
Premium access
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services Private Limited has a workforce of 21 employees as of Apr 07, 2024.
Employee count
21
Active EPFO establishments
1
Employee growth
16.67%
Premium access
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 Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services Private Limited has 8 board changes on record since 2019: 5 appointments and 3 cessations. The latest: Davesh Manocha ceased to be Additional Director on 25 Dec 2023.
AGM
Mindeed Technologies And Services Private Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Filing
Mindeed Technologies And Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Davesh Manocha ceased to be Additional Director.
Appointed
Davesh Manocha was appointed as Director.
Ceased
Santhanakumar ceased to be Additional Director.
Appointed
Santhanakumar was appointed as Director.
Ceased
Sundar Balasubramanian ceased to be Additional Director.
Appointed
Sundar Balasubramanian was appointed as Director.
Appointed
Jayalakshmi Balasubramanian was appointed as Director.
Appointed
Mohan Raj Ravi was appointed as Director.
Incorporation
09 May 2019
Mindeed Technologies And Services Private Limited was registered on 09 May 2019 with Roc Chennai & aged 7 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Mindeed Technologies and Services Private Limited
Premium access
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 Mindeed Technologies and Services Private Limited
Premium access
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 Mindeed Technologies and Services Private Limited
Premium access
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 Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAMCM6618H1ZB | Tamil Nadu | Active | 15 May 2019 |
Premium access
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 Mindeed Technologies and Services Private Limited
Premium access
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.
Related news about Mindeed Technologies and Services Private Limited
Frequently Asked Questions about Mindeed Technologies and Services Private Limited
Mindeed Technologies and Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 09 May 2019 (7+ years old) and is registered under CIN U72900TN2019PTC129197.
Mindeed Technologies and Services reported revenue of ₹5.87 Cr for FY 2025 (up 61% YoY).
Mindeed Technologies and Services has 5 current directors:
- Sundar Balasubramanian - Director
- Mohan Raj Ravi - Director
- Jayalakshmi Balasubramanian - Director
- Davesh Manocha - Director
- Santhanakumar - Director
Mindeed Technologies and Services reported a net loss of ₹23.24 Lakh (net margin -4%) and EBITDA of ₹6.15 Lakh (EBITDA margin 1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindeed Technologies and Services is 69% over three years. In the latest year (FY 2025) revenue rose 61%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindeed Technologies and Services is 33AAMCM6618H1ZB, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mindeed Technologies and Services is U72900TN2019PTC129197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindeed Technologies and Services was incorporated on 09 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.
Mindeed Technologies and Services has 7 deals on record (4 rights issues, 2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹13.62 Cr; the latest was in January 2026.
The peers of Mindeed Technologies and Services by revenue are Euronet Infinitium Solutions Private Limited, Mishipay India Private Limited, One On One Indus Private Limited, Ashingredients India Private Limited, Digipros Enterprise Private Limited and 5 more, all in the BFSI industry (Payment Gateways).
Davesh Manocha ceased to be Additional Director on 25 Dec 2023. Davesh Manocha was appointed as Director on 22 Dec 2023. Santhanakumar ceased to be Additional Director on 29 Aug 2023. Mindeed Technologies and Services has 8 board changes on record in total.