Mehai Technology

Kolkata, India Founded: 2013 • Age: 13 yrs Listed
IT and ITES solutions are specialized in by Mehai Technology.
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About Mehai Technology

Mehai Technology is a publicly listed company based in Kolkata (India) founded in 2013 by Sudhir Ostwal and Shalini Jain. IT and ITES solutions are specialized in by Mehai Technology. The company has 10 employees. Its Indian entity Mehai Technology Limited reported revenue of ₹125 Cr. Mehai Technology offers products and services including Refrigerator, Air Conditioner, Television, and IT Services. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.

Company details

Mehai Technology Limited was incorporated in 2013 and is headquartered in Jaipur, Rajasthan, India, with operations noted in Kolkata. Focus is placed on technology solutions within the IT and ITES sectors, alongside manufacturing of electric lighting equipment. A variety of products and services is provided to support these areas, serving clients in the Indian market. Key leadership includes co-founders Sudhir Ostwal as MD and Shalini Jain.

  • Headquarters Kolkata, India
  • Employees 10
  • Founders Sudhir Ostwal, Shalini Jain
  • Stage Public
  • Sectors
    Technology
  • Website mehaitech.co.in
  • Legal Name Mehai Technology Ltd.
Operational Areas
Technology → IT Services & Operations
Key Metrics
  • Market Cap
    ₹89.54 Cr

    MEHAI · BSE

  • Share Price
    ₹1.11

    +2.78% today

  • Revenue
    ₹124 Cr

    FY 2025-26 · +4.2% YoY

  • EBITDA
    ₹15.38 Cr

    Margin 12.4%

  • Net Profit
    ₹7.73 Cr

    FY 2025-26 · +3.3% YoY

  • P/E (TTM)
    11.0x

    P/B 0.4x

  • Employee Count
    10

Products & Services of Mehai Technology

Mehai Technology offers a comprehensive portfolio of products and services, including Refrigerator, Air Conditioner, Television, and IT Services.

Refrigerator
Home Appliances

Device for food storage and cooling purposes.

Air Conditioner
Home Appliances

Unit for indoor cooling and climate control.

Television
Electronics

Display device for viewing content and media.

IT Services
Business Solutions

Services providing technology and IT support.

Board of directors of Mehai Technology Limited (Mehai Technology)

Mehai Technology Limited is the primary company behind Mehai Technology. The board of Mehai Technology Limited currently have 8 directors; the longest-serving is Akash Tak, appointed in 2021. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Akash Tak
DIN 09013968
Director21 Jan 20215 yrs 9 moMehai Technology Limited
Jugal Kishore Bhagat
DIN 02218545
Managing Director19 Mar 20224 yrs 7 moMehai Technology Limited
Rekha Bhagat
DIN 03564763
Director19 Mar 20224 yrs 7 moMehai Technology Limited
Rekha Devi Bhagat
DIN 08521001
Director19 Mar 20224 yrs 7 moMehai Technology Limited
Prabir Kundu
DIN 10337070
Director04 Mar 20242 yrs 8 moMehai Technology Limited
Nirmalya Sircar
DIN 01822540
Director26 Sep 20242 yrs 1 moMehai Technology Limited
Rajendra Kumar Mallick
DIN 10767776
Director26 Sep 20242 yrs 1 moMehai Technology Limited
Aditi Maity
DIN 11273547
Director25 Sep 20251 yr 1 moMehai Technology Limited

People of Mehai Technology

2 people are tracked at Mehai Technology (2 in leadership); the tracked headcount is 10.

NameRoleGroup
Sudhir Ostwal
Co-Founder & MDLeadership
Shalini Jain
Co-FounderLeadership
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Complete people profiles for Mehai Technology

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

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IPO & Listings of Mehai Technology

Mehai Technology is a publicly listed company on the BSE with ticker symbol MEHAI in India, operating in the Producer manufacturing 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 date10 Sep 2017
  • Listed onBSE: 540730
  • Listed entityMehai Technology Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE062Y01020
  • Share price₹1.12 · 2026-10-14
  • Market capitalisation₹92.9 Cr
  • Price to earnings8.6
  • EPS (diluted, trailing year)₹0.13
  • Volume (last session)470,258

Financials of Mehai Technology

Exchange-reported figures of Mehai Technology Limited, the listed company behind Mehai Technology (BSE: MEHAI).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹124 Cr
+4.2% YoY
EBITDA
₹15.38 Cr
+16.2% YoY
Profit After Tax
₹7.73 Cr
+3.3% YoY
Net Worth
₹219 Cr
+122.9% YoY
Total Assets
₹284 Cr
+103.3% YoY
Total Debt
₹64.38 Cr
+67.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue12411914.918.766.01
Revenue growth+4.2%+701.2%+70.2%+45.8%-
EBITDA15.3813.242.040.920.48
EBITDA margin+12.4%+11.1%+13.7%+10.5%+8.0%
Profit before tax11.0610.441.000.880.35
Net profit7.737.480.570.500.26
Net profit margin+6.2%+6.3%+3.8%+5.7%+4.3%
EPS (₹)0.100.240.290.480.25
Balance sheet
Total assets28414051.4814.9613.02
Net worth21998.1742.6013.4612.95
Total debt64.3838.568.851.490.08
Cash & bank32.900.270.440.750.10
Net working capital17662.659.204.276.19
Cash flow
Cash from operations13.71(21.71)1.553.27(0.03)
Cash from investing(115)(34.53)(36.92)(4.00)0.08
Cash from financing10455.9435.061.39(0.04)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue21.9461.8122.3122.0018.3352.2355.0710.17
Revenue growth (YoY)+19.7%+18.3%-59.5%+116.3%+821.1%---
Other income0.390.48(0.09)0.340.250.040.020.04
EBITDA3.225.293.863.572.662.488.681.44
EBITDA margin+14.7%+8.6%+17.3%+16.2%+14.5%+4.7%+15.8%+14.2%
Depreciation0.190.48(0.11)0.250.130.250.140.07
Interest1.661.140.981.161.250.870.900.24
Profit before tax1.764.152.902.501.531.407.661.17
Tax0.501.290.960.650.420.392.080.36
Net profit1.262.861.941.851.111.015.580.81
EPS (₹)0.020.040.030.050.030.051.880.27
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10299.9515.998.046.015.0824.54
Revenue growth+1.9%+525.1%+98.9%+33.8%+18.3%-79.3%-
EBITDA12.1811.581.770.910.480.27(0.07)
EBITDA margin+12.0%+11.6%+11.1%+11.3%+8.0%+5.3%-0.3%
Profit before tax10.199.751.070.870.350.14(0.10)
Net profit7.367.040.640.500.260.10(0.08)
Net profit margin+7.2%+7.0%+4.0%+6.2%+4.3%+2.0%-0.3%
EPS (₹)0.100.220.340.460.250.08(0.07)
Balance sheet
Total assets27212146.6414.9413.0212.7812.72
Net worth21997.6742.6613.4512.9512.6812.59
Total debt52.7723.143.951.490.080.110.00
Cash & bank30.840.160.370.750.100.100.05
Net working capital16149.775.844.246.195.738.23
Cash flow
Cash from operations12.140.16(10.76)3.28(0.03)2.82(1.17)
Cash from investing(122)(46.42)(20.11)(4.02)0.08(0.02)(0.02)
Cash from financing11146.1630.491.39(0.04)(2.76)0.67
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue18.9758.7719.3914.609.0942.0645.7310.17
Revenue growth (YoY)+108.7%+39.7%-57.6%+43.6%+356.8%---
Other income0.320.610.320.130.160.030.020.04
Total expenses16.1854.1716.3311.957.2240.3237.898.68
EBITDA2.794.603.062.651.871.747.841.49
EBITDA margin+14.7%+7.8%+15.8%+18.2%+20.6%+4.1%+17.1%+14.7%
Depreciation0.070.070.070.070.070.070.070.07
Interest1.320.750.450.840.890.650.460.30
Profit before tax1.724.392.861.871.071.057.331.16
Tax0.491.220.790.530.300.292.000.36

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue21.9461.8122.3122.0018.3352.2355.0710.17
Revenue growth (YoY)+19.7%+18.3%-59.5%+116.3%+821.1%---
Other income0.390.48(0.09)0.340.250.040.020.04
EBITDA3.225.293.863.572.662.488.681.44
EBITDA margin+14.7%+8.6%+17.3%+16.2%+14.5%+4.7%+15.8%+14.2%
Depreciation0.190.48(0.11)0.250.130.250.140.07
Interest1.661.140.981.161.250.870.900.24
Profit before tax1.764.152.902.501.531.407.661.17
Tax0.501.290.960.650.420.392.080.36
Net profit1.262.861.941.851.111.015.580.81
EPS (₹)0.020.040.030.050.030.051.880.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue12411914.918.766.01
Revenue growth+4.2%+701.2%+70.2%+45.8%-
Other income0.970.130.100.130.03
Total expenses10910612.877.845.53
Employee cost0.000.870.200.240.07
EBITDA15.3813.242.040.920.48
EBITDA margin+12.4%+11.1%+13.7%+10.5%+8.0%
Depreciation0.760.540.270.140.15
Interest4.532.390.870.030.01
Profit before tax11.0610.441.000.880.35
Tax3.322.880.430.380.09
Net profit7.737.480.570.500.26
Net profit margin+6.2%+6.3%+3.8%+5.7%+4.3%
EPS (₹)0.100.240.290.480.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital74.8631.3919.6110.7110.71
Reserves & surplus10143.6116.682.752.24
Shareholders' funds (net worth)21998.1742.6013.4612.95
Minority interest1.021.010.010.000.00
Secured loans64.3838.568.850.460.00
Unsecured loans0.000.000.001.030.08
Total debt64.3838.568.851.490.08
Total liabilities28414051.4814.9613.02
Assets
Gross block12.997.193.342.682.32
Net block10.635.702.141.751.53
Capital work in progress19.2119.2113.083.650.00
Investments0.000.000.000.000.00
Inventories10.0617.1810.772.932.04
Sundry debtors38.1134.272.550.893.38
Cash & bank balances32.900.270.440.750.10
Loans & advances11015.391.242.131.94
Total current assets19167.1115.006.707.46
Total current liabilities14.654.465.802.431.27
Net working capital17662.659.204.276.19
Total assets28414051.4814.9613.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash0.130.440.750.100.10
Net cash from operating activities13.71(21.71)1.553.27(0.03)
Net cash from investing activities(115)(34.53)(36.92)(4.00)0.08
Net cash from financing activities10455.9435.061.39(0.04)
Net change in cash3.00(0.31)(0.31)0.650.00
Closing cash32.900.270.440.750.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+4.2%+701.2%+70.2%+45.8%-
EBITDA growth+16.2%+549.0%+121.7%+91.7%-
PBT growth+5.9%+944.0%+13.6%+151.4%+9997.0%
Net income growth+3.3%+1212.3%+14.0%+92.3%-
Revenue CAGR (3Y)+142.2%+170.9%---
EBITDA CAGR (3Y)+155.7%+202.2%---
Profitability & leverage
Net income margin+6.2%+6.3%+3.8%+5.7%+4.3%
Return on capital employed-+13.5%+5.7%+6.5%+2.8%
Return on net worth-+10.7%+2.1%+3.9%+2.1%
Debt / equity-0.340.180.060.01
Long-term debt / equity-0.040.020.040.01
Interest cover30.9818.8249.153.853.03
Efficiency & per share
Fixed asset turnover-22.694.953.502.59
Inventory turnover-8.552.183.532.95
Debtors turnover-6.498.674.101.78
EPS (₹)0.100.240.290.480.25
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)0.002.3918.5112.5712.09
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue18.9758.7719.3914.609.0942.0645.7310.17
Revenue growth (YoY)+108.7%+39.7%-57.6%+43.6%+356.8%---
Other income0.320.610.320.130.160.030.020.04
Total expenses16.1854.1716.3311.957.2240.3237.898.68
EBITDA2.794.603.062.651.871.747.841.49
EBITDA margin+14.7%+7.8%+15.8%+18.2%+20.6%+4.1%+17.1%+14.7%
Depreciation0.070.070.070.070.070.070.070.07
Interest1.320.750.450.840.890.650.460.30
Profit before tax1.724.392.861.871.071.057.331.16
Tax0.491.220.790.530.300.292.000.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10299.9515.998.046.015.0824.54
Revenue growth+1.9%+525.1%+98.9%+33.8%+18.3%-79.3%-
Other income1.230.120.100.130.030.040.27
Total expenses89.6788.3714.227.135.534.8124.61
Employee cost0.000.260.170.230.070.010.24
EBITDA12.1811.581.770.910.480.27(0.07)
EBITDA margin+12.0%+11.6%+11.1%+11.3%+8.0%+5.3%-0.3%
Depreciation0.280.290.270.140.150.170.17
Interest2.941.660.530.030.010.000.13
Profit before tax10.199.751.070.870.350.14(0.10)
Tax2.832.710.430.370.090.04(0.02)
Net profit7.367.040.640.500.260.10(0.08)
Net profit margin+7.2%+7.0%+4.0%+6.2%+4.3%+2.0%-0.3%
EPS (₹)0.100.220.340.460.250.08(0.07)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital74.8631.3919.6110.7110.7110.7110.71
Reserves & surplus10143.1116.742.742.241.971.88
Shareholders' funds (net worth)21997.6742.6613.4512.9512.6812.59
Secured loans52.7723.143.950.460.000.000.00
Unsecured loans0.000.000.001.030.080.110.00
Total debt52.7723.143.951.490.080.110.00
Total liabilities27212146.6414.9413.0212.7812.72
Assets
Gross block3.513.343.342.682.322.322.30
Net block1.741.852.141.751.531.681.83
Capital work in progress19.2119.219.143.650.000.000.00
Investments0.101.050.030.020.000.000.00
Inventories1.819.513.822.022.040.610.26
Sundry debtors31.4128.792.080.893.385.786.14
Cash & bank balances30.840.160.370.750.100.100.05
Loans & advances10914.470.752.171.940.645.67
Total current assets17352.937.025.837.467.1312.12
Total current liabilities11.673.161.181.591.271.403.89
Net working capital16149.775.844.246.195.738.23
Total assets27212146.6414.9413.0212.7812.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.270.370.750.100.100.050.57
Net cash from operating activities12.140.16(10.76)3.28(0.03)2.82(1.17)
Net cash from investing activities(122)(46.42)(20.11)(4.02)0.08(0.02)(0.02)
Net cash from financing activities11146.1630.491.39(0.04)(2.76)0.67
Net change in cash1.05(0.11)(0.38)0.650.000.04(0.52)
Closing cash30.840.160.370.750.100.100.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1.9%+525.1%+98.9%+33.8%+18.3%-79.3%-
EBITDA growth+5.2%+554.2%+94.5%+89.6%+77.8%+485.7%-
PBT growth+4.5%+811.2%+23.0%+148.6%+150.0%+9998.0%-
Net income growth+4.6%+1000.0%+28.0%+92.3%+160.0%+225.0%-
Revenue CAGR (3Y)+133.1%+155.3%+46.6%-31.1%-33.9%-1.8%+67.5%
EBITDA CAGR (3Y)+137.4%+189.0%+87.2%-+22.7%+75.4%-
Profitability & leverage
Net income margin+7.2%+7.0%+4.0%+6.2%+4.3%+2.0%-0.3%
Return on capital employed-+13.6%+5.3%+6.4%+2.9%+1.0%+0.3%
Return on net worth-+10.0%+2.4%+3.8%+2.1%+0.7%-0.6%
Debt / equity-0.190.100.060.010.000.02
Long-term debt / equity-0.000.020.040.000.000.00
Interest cover24.7114.7035.333.903.030.00-54.17
Efficiency & per share
Fixed asset turnover-29.935.313.222.592.2010.72
Inventory turnover-15.005.483.964.5411.6816.75
Debtors turnover-6.4810.773.771.310.853.89
EPS (₹)0.100.220.340.460.250.08(0.07)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.002.3718.5412.5512.0911.8411.76

Competitors of Mehai Technology

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

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Happiest Minds
happiestminds.com2011Bengaluru, India$64.83M4,517
IT outsourcing services are delivered across multiple business lines.
Datamatics
datamatics.com1975Mumbai, India$3M5,875
Cloud-based text analytics and cognitive automation services are provided.
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Detailed competitors of Mehai Technology

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Web traffic of Mehai Technology

The website of Mehai Technology (mehaitech.co.in) receives about 1.4K visits a month.

  • Monthly visits
    1.4K

    ▼ 7% vs previous month

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Related news about Mehai Technology

Mehai Technology Incorporates Joint Venture With Manjeera Engineering
Reuters • 2 months ago
Mehai Technology consolidated net profit rises 27.27% in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 2 months ago
Mehai Technology Enters Loan Agreement With Subsidiary
Reuters • 1 year ago
Mehai Technology consolidated net profit rises 1088.89% in the March 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
Mehai Technology standalone net profit declines 57.14% in the September 2022 quarter
India Infoline • 1 year ago
Mehai Technology Gets Order Worth 2 Million Rupees
Reuters • 1 year ago
Mehai Technology Gets Order Worth 162.4 Million Rupees
Reuters • 1 year ago
Mehai Technology Enters Into Shareholders, Share Subscription Agreement With Kbs Corporates
Reuters • 2 years ago
Mehai Technology To Raise Funds Via Issue Of 28 Million Convertible Warrants
Reuters • 2 years ago
Mehai Technology To Consider Raising Funds
Reuters • 2 years ago
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Frequently Asked Questions about Mehai Technology

Mehai Technology was founded in 2013.

Mehai Technology is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.

Mehai Technology has 10 employees.

The primary company behind Mehai Technology, Mehai Technology Limited, reported revenue of ₹125 Cr for FY 2026, up 4% year on year.

Mehai Technology Limited was incorporated in 2013 and is headquartered in Jaipur, Rajasthan, India, with operations noted in Kolkata. Focus is placed on technology solutions within the IT and ITES sectors, alongside manufacturing of electric lighting equipment. A variety of products and services is provided to support these areas, serving clients in the Indian market. Key leadership includes co-founders Sudhir Ostwal as MD and Shalini Jain.

Mehai Technology's top competitors include Happiest Minds and Datamatics.

Mehai Technology offers Refrigerator, Air Conditioner, Television, and IT Services.

Yes, Mehai Technology is publicly traded on BSE under the ticker symbol MEHAI.

Mehai Technology operates through Mehai Technology Limited.

The legal entities of Mehai Technology currently have 10 directors, including Akash Tak, Jugal Kishore Bhagat, Rekha Bhagat and others.

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