About Minivel Services LLP
Data last updated:
Minivel Services LLP was a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 19 March 2016.
The LLP was registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAF-9972. Its GSTIN is 27ABCFM5618B1ZK (Maharashtra).
The LLP had a total obligation of contribution of ₹1 Lakh. It was led by designated partners Dinesh Sugriv Sharma and Kuldeep Chandrashekhar Sharma.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office was at Housing Society Achole Rd Nr Kapol School Majithiya Park, Mumbai, Maharashtra.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹12.97 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹8.93 Lakh (net margin 0.7%) and EBITDA of ₹71 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 46% over five years.
The LLP has about 35 employees on its provident fund (EPFO) records.
The last known website on record is minivel.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA – 203 Swarganga Co. Op. Housing Society Achole Rd Nr Kapol School Majithiya Park Nallasopa, Ra E Vasai, Mumbai, Maharashtra, India – 401209
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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
Financials of Minivel Services LLP FY 2024 filings available
Minivel Services LLP reported revenue of ₹12.97 Cr (up 68% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Minivel Services LLP
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 68% growth in the latest year. EBITDA rose 75% 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 Minivel Services LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹8.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Minivel Services LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Minivel Services are in the company report.
Financial statements from FY 2016
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.
Designated Partners of Minivel Services LLP
Minivel Services has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Sugriv Sharma Also directs: Minivel Services Private Limited | Designated Partner | 19 Mar 2016 | 10 Years 7 Months | As last reported |
| Kuldeep Chandrashekhar Sharma Also directs: Minivel Services Private Limited | Designated Partner | 19 Mar 2016 | 10 Years 7 Months | As last reported |
Ownership and Shareholding of Minivel Services LLP
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 Minivel Services LLP
Minivel Services LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Minivel Services LLP
Minivel Services LLP has a workforce of 124 employees as of Apr 01, 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.
Recent Activity on Minivel Services LLP
Minivel Services LLP has 2 designated partner changes on record since 2016: 2 appointments. The latest: Dinesh Sugriv Sharma was appointed as Designated Partner on 19 Mar 2016.
Credit Ratings, Litigation & Regulatory Alerts for Minivel Services LLP
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 Minivel Services LLP
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 Minivel Services LLP
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 Minivel Services LLP
Minivel Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABCFM5618B1ZK | Maharashtra | Active | 01 Jul 2017 |
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 Minivel Services LLP
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 Minivel Services LLP
Minivel Services has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.
Minivel Services was a limited liability partnership based in Mumbai, Maharashtra, India. The LLP worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 19 March 2016 and is registered under LLPIN AAF-9972. For the latest details, refer to the successor company.
The LLPIN (Limited Liability Partnership Identification Number) of Minivel Services is AAF-9972. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Minivel Services had 2 designated partners:
- Dinesh Sugriv Sharma - Designated Partner
- Kuldeep Chandrashekhar Sharma - Designated Partner
Minivel Services was incorporated on 19 March 2016. It is registered with the Registrar of Companies, Mumbai.
Minivel Services can be reached through the website minivel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Minivel Services is at A – 203 Swarganga Co. Op. Housing Society Achole Rd Nr Kapol School Majithiya Park Nallasopa, Ra E Vasai, Mumbai, Maharashtra, India – 401209.
Minivel Services reported revenue of ₹12.97 Cr for FY 2023 (up 68% YoY).
The total obligation of contribution is ₹1 Lakh.
Minivel Services reported a net profit of ₹8.93 Lakh (net margin 0.7%) and EBITDA of ₹71 Lakh (EBITDA margin 5.5%) for FY 2023, as per its filed financial statements.