About Minds Solvit Private Limited
Data last updated:
Minds Solvit Private Limited is a private limited company based in Gulbarga, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24100KA2013PTC070360. Its GSTIN is 29AAICM8838P2ZC (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Neelima Shantkumar Bilgundi and Doddappasharanabasappa Nisty.
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 No.126/1 Kmf Dairy Farm Humnabad Road, Gulbarga, Karnataka, India – 585105.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.08 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹84,430 (net margin -40.6%) and EBITDA of -₹55,581 (EBITDA margin -26.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 12% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Minds Solvit. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindssolvit.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.126/1 Kmf Dairy Farm Humnabad Road, Gulbarga, Karnataka, India – 585105
- 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 Minds Solvit Private Limited
The main business activity of Minds Solvit is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Minds Solvit Private Limited FY 2025 filings available
Minds Solvit Private Limited reported revenue of ₹2.08 Lakh (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Minds Solvit Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 62% fall in the latest year. EBITDA rose 83% 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 Minds Solvit 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 | -₹55,581 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹84,430 | •••• | •••• | •••• | •••• |
| 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 Minds Solvit Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -40.6% | •••• | •••• | •••• | •••• |
| 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 Minds Solvit 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 Minds Solvit Private Limited
Minds Solvit Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sarvmai System Private Limited | ₹2.09 Lakh (FY 2024) | •••• | •••• | 297.0% | •••• | Bengaluru, Karnataka, India |
| Vedity Software Private Limited | ₹2.09 Lakh (FY 2025) | •••• | •••• | -79.0% | •••• | Ahmedabad, Gujarat, India |
| Divitrex Technology Solutions Private Limited | ₹2.08 Lakh (FY 2018) | •••• | •••• | -94.0% | •••• | Pune, Maharashtra, India |
| Resolute Connect Private Limited | ₹2.08 Lakh (FY 2024) | •••• | •••• | -51.0% | •••• | Chennai, Tamil Nadu, India |
| Eplatform Tech Private Limited | ₹2.08 Lakh (FY 2024) | •••• | •••• | -28.0% | •••• | Gurugram, Haryana, India |
| Minds Solvit Private Limited this company | ₹2.08 Lakh (FY 2024) | •••• | •••• | -62.0% | •••• | Gulbarga, Karnataka, India |
| Zeniva Software Private Limited | ₹2.08 Lakh (FY 2017) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Bipolar Factory Private Limited | ₹2.08 Lakh (FY 2024) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Websitra Ique Private Limited | ₹2.08 Lakh (FY 2020) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Stag Networks Private Limited | ₹2.08 Lakh (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Shinebask Technologies Private Limited | ₹2.07 Lakh (FY 2021) | •••• | •••• | •••• | Chandpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Minds Solvit by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Minds Solvit Private Limited
Minds Solvit Private Limited is audited by VEERANNA G MANTGOL & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VEERANNA G MANTGOL & 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 Minds Solvit Private Limited
Minds Solvit 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 |
|---|---|---|---|---|
| Neelima Shantkumar Bilgundi Also directs: Nisty Automotives Private Limited, Sri Nisty Private Limited | Director | 22 May 2018 | 8 Years 4 Months | Current |
| Doddappasharanabasappa Nisty | Director | 29 Jul 2013 | 13 Years 2 Months | Current |
Ownership and Shareholding of Minds Solvit 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 Minds Solvit Private Limited
Minds Solvit Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Minds Solvit Private Limited
Minds Solvit Private Limited has 4 court cases on record: 3 filed by Minds Solvit, 1 filed against it. 2 cases are pending and 2 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, KALABURAGI, Karnataka | Civil suit | Filed by the company against Managign Director Karnataka State Electronics Corporation Ltd | Pending |
| District court, KALABURAGI, Karnataka | Civil suit | Filed against the company by Karnataka State Electronics Development Corporation Ltd | Pending |
| District court, KALABURAGI, Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, KALABURAGI, Karnataka | Civil suit | Filed by the company against Karnataka State Electronics Corporation Ltd | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Minds Solvit Private Limited
Minds Solvit operates one associated brand: Minds Solvit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive IT suite services for business efficiency and solutions. | mindssolvit.com |
Employees and EPFO Compliance at Minds Solvit Private Limited
Minds Solvit Private Limited has a workforce of 1 employees as of Apr 10, 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.
CIN History of Minds Solvit Private Limited
Minds Solvit has one previous CIN (Corporate Identification Number): U72200KA2013PTC070360. The current CIN is U24100KA2013PTC070360, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100KA2013PTC070360 | Current |
| U72200KA2013PTC070360 | Previous |
Recent Activity on Minds Solvit Private Limited
Minds Solvit Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Neelima Shantkumar Bilgundi was appointed as Director on 22 May 2018.
Credit Ratings, Litigation & Regulatory Alerts for Minds Solvit 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 Minds Solvit 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 Minds Solvit 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 Minds Solvit Private Limited
Minds Solvit has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM8838P2ZC | Karnataka | Active | 17 Nov 2018 |
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 Minds Solvit 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 Minds Solvit Private Limited
Minds Solvit is an active private limited company based in Gulbarga, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 July 2013 (13+ years old) and is registered under CIN U24100KA2013PTC070360.
Minds Solvit reported revenue of ₹2.08 Lakh for FY 2024 (down 62% YoY).
Minds Solvit has 2 current directors:
- Neelima Shantkumar Bilgundi - Director
- Doddappasharanabasappa Nisty - Director
Minds Solvit reported a net loss of ₹84,430 (net margin -40.6%) and EBITDA of -₹55,581 (EBITDA margin -26.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Minds Solvit is 5% over three years and -12% over five years. In the latest year (FY 2024) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Minds Solvit is 29AAICM8838P2ZC, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Minds Solvit is U24100KA2013PTC070360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minds Solvit has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending.
Minds Solvit was incorporated on 29 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Minds Solvit by revenue are Sarvmai System Private Limited, Vedity Software Private Limited, Divitrex Technology Solutions Private Limited, Resolute Connect Private Limited, Eplatform Tech Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Neelima Shantkumar Bilgundi was appointed as Director on 22 May 2018. Neelima Shantkumar Bilgundi ceased to be Director on 07 Jan 2014. Safia Fatima ceased to be Director on 07 Jan 2014. Minds Solvit has 4 board changes on record in total.