Mahaveer Infoway

Hyderabad, India Founded: 2006 • Age: 20 yrs Listed
Technology solutions including software development and IT consulting are provided.

About Mahaveer Infoway

Mahaveer Infoway is a publicly listed company based in Hyderabad (India) founded in 2006. Technology solutions including software development and IT consulting are provided. The company has 27 employees. Its chief executive, as recorded, is Ashok Kumar Jain. Its Indian entity Mahaveer Infoway Limited reported revenue of ₹3.84 Cr. Its focus areas include Business Services, IT Services and IT Advisory. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.

Company details

Mahaveer Infoway was established in 2006 in Hyderabad, India, as an information technology firm. Operations encompass software development, IT consulting, networking solutions, software testing, training programs, distribution of IT and telecom products, offshore staffing, real estate development, and financial services. The company operates primarily in the technology sector with a focus on diverse service offerings.

  • Headquarters Hyderabad, India
  • Employees 27
  • Stage Public
  • Sectors
    Technology
  • Website minfy.com
  • Legal Name Mahaveer Infoway Limited
Operational Areas
Key Metrics
  • Market Cap
    ₹5.40 Cr

    MAHAVEER · BSE

  • Share Price
    ₹10.29

    +5.00% today

  • Revenue
    ₹5.41 Cr

    FY 2023-24 · +31.6% YoY

  • EBITDA
    −₹0.44 Cr

    Margin -8.1%

  • Net Profit
    −₹0.44 Cr

    FY 2023-24 · -37.5% YoY

  • Debt / Equity
    0.37

    Interest cover -23.6x

  • Employee Count
    27

Board of directors of Mahaveer Infoway Limited (Mahaveer Infoway)

Mahaveer Infoway Limited is the primary company behind Mahaveer Infoway. The board of Mahaveer Infoway Limited currently have 5 directors; the longest-serving is Ashok Kumar Jain, appointed in 1991. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ashok Kumar Jain
DIN 00043840
Managing Director13 May 199135 yrs 6 moMahaveer Infoway Limited
Kanika Suri
DIN 08428055
Director18 Apr 20197 yrs 6 moMahaveer Infoway Limited
Satish Khemchand Khivsara
DIN 07244464
Director26 Mar 20242 yrs 7 moMahaveer Infoway Limited
Dhirendra Kumar Jain
DIN 02202084
Director26 Mar 20242 yrs 7 moMahaveer Infoway Limited
Sachin Jain
DIN 11205382
Director29 Jul 20251 yr 3 moMahaveer Infoway Limited

People of Mahaveer Infoway

1 people are tracked at Mahaveer Infoway (1 in leadership); the tracked headcount is 27.

NameRoleGroup
CEO & MDLeadership
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Complete people profiles for Mahaveer Infoway

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IPO & Listings of Mahaveer Infoway

Mahaveer Infoway is a publicly listed company on the BSE with ticker symbol MAHAVEER in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Oct 2015
  • Listed onBSE: 539383
  • Listed entityMahaveer Infoway Limited
  • Exchange sectorTechnology services
  • ISININE019D01016
  • Share price₹10.50 (+1.94% on the day) · 2026-10-13
  • Market capitalisation₹5.8 Cr
  • Price to earnings14.2
  • EPS (diluted, trailing year)₹0.74
  • Volume (last session)119

Financials of Mahaveer Infoway

Exchange-reported figures of Mahaveer Infoway Limited, the listed company behind Mahaveer Infoway (BSE: MAHAVEER).

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹5.41 Cr
+31.6% YoY
EBITDA
−₹0.44 Cr
-300.0% YoY
Profit After Tax
−₹0.44 Cr
-37.5% YoY
Net Worth
₹3.95 Cr
-9.0% YoY
Total Assets
₹5.68 Cr
-0.4% YoY
Total Debt
₹1.73 Cr
+27.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Income statement
Revenue5.414.113.041.242.201.7014.70
Revenue growth+31.6%+35.2%+145.2%-43.6%+29.4%-88.4%-
EBITDA(0.44)(0.11)0.47(0.16)(0.15)(0.65)0.26
EBITDA margin-8.1%-2.7%+15.5%-12.9%-6.8%-38.2%+1.8%
Profit before tax(0.39)(0.24)0.24(0.45)(0.56)(0.69)(0.29)
Net profit(0.44)(0.32)0.21(0.31)(0.49)(0.70)(0.37)
Net profit margin-8.1%-7.8%+6.9%-25.0%-22.3%-41.2%-2.5%
EPS (₹)(0.71)(0.57)0.38(0.85)(0.88)0.000.00
Balance sheet
Total assets5.685.706.827.558.728.9313.84
Net worth3.954.344.754.545.015.496.57
Total debt1.731.361.982.923.633.356.76
Cash & bank0.010.520.070.060.060.040.39
Net working capital3.953.834.435.145.615.799.86
Cash flow
Cash from operations(0.28)0.701.12(0.44)0.31(0.01)(0.68)
Cash from investing0.340.50(0.02)0.720.000.55(0.62)
Cash from financing(0.57)(0.74)(1.09)(0.28)(0.29)(0.90)1.15
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue0.581.601.671.571.331.120.790.86
Revenue growth (YoY)-56.4%+42.9%+111.4%+82.6%+11.8%---
Other income0.290.000.000.000.090.000.000.00
EBITDA(1.07)0.250.230.160.150.150.180.07
EBITDA margin-184.5%+15.6%+13.8%+10.2%+11.3%+13.4%+22.8%+8.1%
Depreciation0.070.020.020.020.000.020.040.02
Interest0.030.030.030.030.030.030.030.03
Profit before tax(0.88)0.200.180.110.210.100.110.02
Tax0.040.000.000.000.080.000.000.00
Net profit(0.92)0.200.180.110.130.100.110.02
EPS (₹)(1.61)0.350.310.19(0.94)0.190.210.04
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2.612.735.414.113.041.242.20
Revenue growth-4.4%-49.5%+31.6%+35.2%+145.2%-43.6%-
EBITDA(0.22)0.13(0.44)(0.11)0.46(0.16)(0.15)
EBITDA margin-8.4%+4.8%-8.1%-2.7%+15.1%-12.9%-6.8%
Profit before tax0.870.16(0.39)(0.24)0.23(0.45)(0.56)
Net profit0.630.06(0.40)0.420.20(0.31)(0.49)
Net profit margin+24.1%+2.2%-7.4%+10.2%+6.6%-25.0%-22.3%
EPS (₹)1.160.15(0.71)(0.57)0.38(0.85)(0.88)
Balance sheet
Total assets6.057.165.685.706.647.378.54
Net worth4.674.033.954.344.664.454.92
Total debt1.373.131.721.351.982.933.63
Cash & bank0.060.060.010.520.070.060.06
Net working capital4.835.593.953.834.234.935.40
Cash flow
Cash from operations(0.53)(0.10)(0.28)0.701.12(0.44)0.31
Cash from investing0.560.280.340.50(0.02)0.720.00
Cash from financing(0.03)(0.13)(0.57)(0.74)(1.09)(0.28)(0.29)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.000.000.510.680.670.750.250.64
Revenue growth (YoY)-100.0%-100.0%+104.0%+6.3%-34.3%-9.6%--
Other income0.120.071.230.000.000.000.280.00
Total expenses0.170.181.020.600.610.600.600.45
EBITDA(0.17)(0.18)(0.51)0.080.060.15(0.35)0.19
EBITDA margin---100.0%+11.8%+9.0%+20.0%-140.0%+29.7%
Depreciation0.030.030.030.030.030.030.030.03
Interest0.000.00(0.01)0.000.000.030.030.03
Profit before tax(0.08)(0.14)0.700.050.030.09(0.13)0.13
Tax0.000.000.240.000.000.000.100.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue0.581.601.671.571.331.120.790.86
Revenue growth (YoY)-56.4%+42.9%+111.4%+82.6%+11.8%---
Other income0.290.000.000.000.090.000.000.00
EBITDA(1.07)0.250.230.160.150.150.180.07
EBITDA margin-184.5%+15.6%+13.8%+10.2%+11.3%+13.4%+22.8%+8.1%
Depreciation0.070.020.020.020.000.020.040.02
Interest0.030.030.030.030.030.030.030.03
Profit before tax(0.88)0.200.180.110.210.100.110.02
Tax0.040.000.000.000.080.000.000.00
Net profit(0.92)0.200.180.110.130.100.110.02
EPS (₹)(1.61)0.350.310.19(0.94)0.190.210.04
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Revenue5.414.113.041.242.201.7014.70
Revenue growth+31.6%+35.2%+145.2%-43.6%+29.4%-88.4%-
Other income0.290.090.000.010.000.420.18
Total expenses5.854.222.571.402.352.3514.44
Employee cost3.121.820.300.030.050.054.29
EBITDA(0.44)(0.11)0.47(0.16)(0.15)(0.65)0.26
EBITDA margin-8.1%-2.7%+15.5%-12.9%-6.8%-38.2%+1.8%
Depreciation0.110.060.070.070.090.090.15
Interest0.130.160.160.230.320.370.58
Profit before tax(0.39)(0.24)0.24(0.45)(0.56)(0.69)(0.29)
Tax0.010.080.030.01(0.07)0.010.08
Net profit(0.44)(0.32)0.21(0.31)(0.49)(0.70)(0.37)
Net profit margin-8.1%-7.8%+6.9%-25.0%-22.3%-41.2%-2.5%
EPS (₹)(0.71)(0.57)0.38(0.85)(0.88)0.000.00
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Equity & liabilities
Share capital5.515.515.515.515.515.515.51
Reserves & surplus(1.56)(1.17)(0.76)(0.97)(0.50)(0.02)1.06
Shareholders' funds (net worth)3.954.344.754.545.015.496.57
Minority interest0.000.000.080.080.080.080.52
Secured loans1.200.821.232.152.032.791.04
Unsecured loans0.530.540.750.771.600.565.72
Total debt1.731.361.982.923.633.356.76
Total liabilities5.685.706.827.558.728.9313.84
Assets
Gross block2.092.312.332.312.312.212.61
Net block1.281.201.281.331.321.351.60
Capital work in progress0.000.000.000.000.000.000.00
Investments0.320.581.041.041.751.752.39
Inventories0.360.971.771.861.861.932.10
Sundry debtors0.471.041.481.591.862.307.74
Cash & bank balances0.010.520.070.060.060.040.39
Loans & advances4.894.282.732.032.142.523.48
Total current assets5.736.816.055.545.926.7913.71
Total current liabilities1.782.981.620.400.311.003.85
Net working capital3.953.834.435.145.615.799.86
Total assets5.685.706.827.558.728.9313.84
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Opening cash0.520.070.060.060.030.390.55
Net cash from operating activities(0.28)0.701.12(0.44)0.31(0.01)(0.68)
Net cash from investing activities0.340.50(0.02)0.720.000.55(0.62)
Net cash from financing activities(0.57)(0.74)(1.09)(0.28)(0.29)(0.90)1.15
Net change in cash(0.51)0.460.010.000.02(0.36)(0.16)
Closing cash0.010.520.070.060.060.040.39
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Growth
Sales growth+31.6%+35.2%+145.2%-43.6%+29.4%-88.4%-
EBITDA growth-300.0%-123.4%+393.8%-6.7%+76.9%-350.0%-
PBT growth-62.5%-+9998.0%+19.6%+18.8%-137.9%+14.7%
Net income growth-37.5%-252.4%+167.7%+36.7%+30.0%-89.2%-
Revenue CAGR (3Y)+63.4%+23.2%+21.4%-56.1%-46.7%-62.0%-42.7%
EBITDA CAGR (3Y)+40.1%-9.8%---64.5%-43.9%-
Profitability & leverage
Net income margin-7.4%-7.8%+6.9%-37.1%-22.3%-41.2%-2.5%
Return on capital employed0.0%0.0%+5.5%-1.0%-2.6%-2.7%+2.1%
Return on net worth0.0%0.0%+4.5%-6.7%-9.1%-11.3%-5.6%
Debt / equity0.370.370.530.690.670.841.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-23.64-94.1240.00-100.00-133.33-50.00527.27
Efficiency & per share
Fixed asset turnover2.461.771.310.540.970.717.70
Inventory turnover8.143.001.670.671.160.844.84
Debtors turnover7.173.261.980.721.060.342.47
EPS (₹)(0.71)(0.57)0.38(0.85)(0.88)0.000.00
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)7.177.888.628.249.099.9711.92
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.000.000.510.680.670.750.250.64
Revenue growth (YoY)-100.0%-100.0%+104.0%+6.3%-34.3%-9.6%--
Other income0.120.071.230.000.000.000.280.00
Total expenses0.170.181.020.600.610.600.600.45
EBITDA(0.17)(0.18)(0.51)0.080.060.15(0.35)0.19
EBITDA margin---100.0%+11.8%+9.0%+20.0%-140.0%+29.7%
Depreciation0.030.030.030.030.030.030.030.03
Interest0.000.00(0.01)0.000.000.030.030.03
Profit before tax(0.08)(0.14)0.700.050.030.09(0.13)0.13
Tax0.000.000.240.000.000.000.100.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2.612.735.414.113.041.242.20
Revenue growth-4.4%-49.5%+31.6%+35.2%+145.2%-43.6%-
Other income1.230.280.290.090.000.010.00
Total expenses2.832.605.854.222.581.402.35
Employee cost0.001.653.121.820.300.030.05
EBITDA(0.22)0.13(0.44)(0.11)0.46(0.16)(0.15)
EBITDA margin-8.4%+4.8%-8.1%-2.7%+15.1%-12.9%-6.8%
Depreciation0.120.120.110.060.070.070.09
Interest0.020.130.130.160.160.230.32
Profit before tax0.870.16(0.39)(0.24)0.23(0.45)(0.56)
Tax0.240.100.010.080.030.01(0.07)
Net profit0.630.06(0.40)0.420.20(0.31)(0.49)
Net profit margin+24.1%+2.2%-7.4%+10.2%+6.6%-25.0%-22.3%
EPS (₹)1.160.15(0.71)(0.57)0.38(0.85)(0.88)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.515.515.515.515.515.515.51
Reserves & surplus(0.84)(1.48)(1.56)(1.17)(0.85)(1.06)(0.59)
Shareholders' funds (net worth)4.674.033.954.344.664.454.92
Secured loans0.000.000.000.000.000.000.00
Unsecured loans1.373.131.721.351.982.933.63
Total debt1.373.131.721.351.982.933.63
Total liabilities6.057.165.685.706.647.378.54
Assets
Gross block2.092.092.092.312.332.311.57
Net block1.041.161.281.201.281.331.33
Capital work in progress0.000.000.000.000.000.000.00
Investments0.050.320.320.581.071.071.78
Inventories0.360.360.360.971.771.861.86
Sundry debtors0.110.770.471.041.341.441.71
Cash & bank balances0.060.060.010.520.070.060.06
Loans & advances4.774.604.894.282.641.942.05
Total current assets5.305.795.736.815.825.305.68
Total current liabilities0.470.201.782.981.590.370.28
Net working capital4.835.593.953.834.234.935.40
Total assets6.057.165.685.706.647.378.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.060.010.520.070.060.060.03
Net cash from operating activities(0.53)(0.10)(0.28)0.701.12(0.44)0.31
Net cash from investing activities0.560.280.340.50(0.02)0.720.00
Net cash from financing activities(0.03)(0.13)(0.57)(0.74)(1.09)(0.28)(0.29)
Net change in cash0.000.05(0.51)0.460.010.000.02
Closing cash0.060.060.010.520.070.060.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.4%-49.5%+31.6%+35.2%+145.2%-43.6%-
EBITDA growth-269.2%+129.6%-300.0%-123.9%+387.5%-6.7%-
PBT growth+437.5%+9998.0%-62.5%-+9998.0%+19.6%+12.5%
Net income growth+950.0%+115.0%-195.2%+110.0%+164.5%+36.7%-
Revenue CAGR (3Y)-14.1%-3.5%+63.4%+23.2%+21.9%-18.4%-41.6%
EBITDA CAGR (3Y)+26.0%-34.4%+40.1%-9.8%-+2.2%-64.5%
Profitability & leverage
Net income margin+23.8%+2.2%-7.4%-7.8%+6.6%-37.1%-22.3%
Return on capital employed+11.6%+4.3%0.0%0.0%+5.3%0.0%0.0%
Return on net worth+11.6%+1.7%0.0%0.0%+4.2%0.0%0.0%
Debt / equity0.520.610.370.370.540.700.68
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-8.821,300.00-23.64-94.1241.03-100.00-133.33
Efficiency & per share
Fixed asset turnover1.251.312.461.771.310.641.16
Inventory turnover7.257.588.143.001.670.671.16
Debtors turnover5.934.407.173.452.190.791.14
EPS (₹)1.160.15(0.71)(0.57)0.38(0.85)(0.88)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)8.487.327.177.888.458.078.92

Competitors of Mahaveer Infoway

Mahaveer Infoway has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
happiestminds.com2011Bengaluru, India$64.83M4,517
IT outsourcing services are delivered across multiple business lines.
datamatics.com1975Mumbai, India$3M5,875
Cloud-based text analytics and cognitive automation services are provided.
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Frequently Asked Questions about Mahaveer Infoway

Mahaveer Infoway was founded in 2006.

Mahaveer Infoway is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Ashok Kumar Jain is the CEO of Mahaveer Infoway, as recorded in our data.

Mahaveer Infoway has 27 employees.

The primary company behind Mahaveer Infoway, Mahaveer Infoway Limited, reported revenue of ₹3.84 Cr for FY 2026, down 4% year on year.

Mahaveer Infoway was established in 2006 in Hyderabad, India, as an information technology firm. Operations encompass software development, IT consulting, networking solutions, software testing, training programs, distribution of IT and telecom products, offshore staffing, real estate development, and financial services. The company operates primarily in the technology sector with a focus on diverse service offerings.

Mahaveer Infoway's top competitors include Happiest Minds and Datamatics.

Yes, Mahaveer Infoway is publicly traded on BSE under the ticker symbol MAHAVEER.

Mahaveer Infoway operates through Mahaveer Infoway Limited.

The legal entities of Mahaveer Infoway currently have 7 directors, including Monika Ashish Rathi, Ashok Kumar Jain, Satish Khemchand Khivsara and others.

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