About Mitshi
Mitshi is a publicly listed company based in Mumbai (India) founded in 1976 by Kumar V Shah. Software development services are provided by Mitshi in India. Its Indian entity Mitshi India Limited reported revenue of ₹2.77 Cr. Its focus areas include Business Services, IT Services, Application Development and Software Development.
Company details
Mitshi was founded in 1976 by Kumar V Shah in Mumbai, India. Software development services are offered by the company, with operations centered in the information technology sector. Core activities include custom software solutions and related consulting, serving clients primarily in the domestic market. The firm maintains its headquarters in Mumbai, supporting various development projects across the region.
- Market Cap₹11.13 Cr
MITSHI · BSE
- Share Price₹13.10
+3.56% today
- Revenue₹9.74 Cr
FY 2019-20 · +70.9% YoY
- EBITDA₹0.78 Cr
Margin 8.0%
- Net Profit₹0.61 Cr
FY 2019-20 · -34.4% YoY
- P/E (TTM)19.5x
P/B 4.9x
- ROE4.4%
ROCE 5.5%
- Debt / Equity0.42
Interest cover 0.0x
Associated legal entities of Mitshi
Mitshi operates through Mitshi India Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mitshi India Limited Listed CIN U91100MH1990PLC057373 | Active | 23 Jul 1990 | Mumbai, Maharashtra | ₹2.8 Cr | 5 | View details |
Board of directors of Mitshi India Limited (Mitshi)
Mitshi India Limited is the primary company behind Mitshi. The board of Mitshi India Limited currently have 3 directors; the longest-serving is Kumar Vasantlal Shah, appointed in 1990. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kumar Vasantlal Shah DIN 01451912 | Managing Director | 21 Sep 1990 | 36 yrs 1 mo | Mitshi India Limited |
| Hanumant Anaji Salunkhe DIN 03626114 | Director | 31 Mar 2004 | 22 yrs 7 mo | Mitshi India Limited |
| Drashti Tarun Savla DIN 07117018 | Director | 30 Sep 2015 | 11 yrs 1 mo | Mitshi India Limited |
People of Mitshi
1 people are tracked at Mitshi (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Mitshi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Mitshi
Mitshi is a publicly listed company on the BSE with ticker symbol MITSHI in India, operating in the Process industries 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 date11 Feb 1998
- Listed onBSE: 523782
- Listed entityMitshi India Ltd.
- Exchange sectorProcess industries
- ISININE844D01017
- Share price₹13.62 (-4.35% on the day) · 2026-10-14
- Volume (last session)4,907
Financials of Mitshi
Exchange-reported figures of Mitshi India Limited, the listed company behind Mitshi (BSE: MITSHI).
Financial Highlights
FY 2019-20 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Income statement | ||
| Revenue | 9.74 | 5.70 |
| Revenue growth | +70.9% | - |
| EBITDA | 0.78 | 1.19 |
| EBITDA margin | +8.0% | +20.9% |
| Profit before tax | 0.83 | 1.20 |
| Net profit | 0.61 | 0.93 |
| Net profit margin | +6.3% | +16.3% |
| EPS (₹) | 0.68 | 1.06 |
| Balance sheet | ||
| Total assets | 3.74 | 3.64 |
| Net worth | 1.86 | 1.27 |
| Total debt | 0.81 | 0.49 |
| Cash & bank | 0.39 | 1.43 |
| Net working capital | 3.14 | 3.32 |
| Cash flow | ||
| Cash from operations | (1.22) | (0.55) |
| Cash from investing | 1.05 | (2.83) |
| Cash from financing | 0.32 | 2.31 |
| Particulars | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|
| Revenue | 3.28 | 2.01 | 0.75 | 2.12 |
| Other income | 0.00 | 0.00 | 0.00 | 0.03 |
| EBITDA | 1.10 | 0.58 | (0.03) | (0.78) |
| EBITDA margin | +33.5% | +28.9% | -4.0% | -36.8% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.08 | 0.56 | (0.05) | (0.78) |
| Tax | 0.28 | 0.13 | 0.00 | (0.22) |
| Net profit | 0.80 | 0.43 | (0.05) | (0.56) |
| EPS (₹) | 0.91 | 0.48 | (0.06) | (0.69) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2.77 | 4.58 | 20.24 | 7.72 | 6.92 | 6.72 | 7.82 |
| Revenue growth | -39.5% | -77.4% | +162.2% | +11.6% | +3.0% | -14.1% | - |
| EBITDA | 0.00 | 0.01 | 0.17 | (0.68) | 0.07 | 0.37 | 0.73 |
| EBITDA margin | 0.0% | +0.2% | +0.8% | -8.8% | +1.0% | +5.5% | +9.3% |
| Profit before tax | 0.00 | 0.05 | 0.17 | 0.68 | 0.01 | 0.31 | 0.79 |
| Net profit | 0.12 | 0.00 | 0.14 | (0.72) | 0.01 | 0.22 | 0.58 |
| Net profit margin | +4.3% | 0.0% | +0.7% | -9.3% | +0.1% | +3.3% | +7.4% |
| EPS (₹) | 0.01 | 0.04 | 0.14 | 0.57 | 0.01 | 0.26 | 0.66 |
| Balance sheet | |||||||
| Total assets | 3.08 | 2.91 | 2.72 | 2.56 | 3.17 | 3.10 | 2.62 |
| Net worth | 2.73 | 2.72 | 2.69 | 2.56 | 2.06 | 2.05 | 1.83 |
| Total debt | 0.35 | 0.19 | 0.03 | 0.00 | 1.11 | 1.04 | 0.79 |
| Cash & bank | 0.41 | 0.25 | 0.28 | 0.19 | 0.24 | 0.27 | 0.32 |
| Net working capital | 2.75 | 2.58 | 2.40 | 2.24 | 2.80 | 2.47 | 0.73 |
| Cash flow | |||||||
| Cash from operations | (0.01) | (0.18) | 0.06 | 1.05 | (0.09) | (1.52) | 0.11 |
| Cash from investing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.23 | (0.18) |
| Cash from financing | 0.17 | 0.15 | 0.03 | (1.11) | 0.07 | 0.25 | 0.30 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.20 | 1.29 | 0.57 | 0.51 | 0.41 | 1.03 | 1.35 | 1.18 |
| Revenue growth (YoY) | -51.2% | +25.2% | -57.8% | -56.8% | -59.4% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 |
| Total expenses | 0.19 | 1.33 | 0.53 | 0.50 | 0.40 | 1.09 | 1.30 | 1.14 |
| EBITDA | 0.01 | (0.04) | 0.04 | 0.01 | 0.01 | (0.06) | 0.05 | 0.04 |
| EBITDA margin | +5.0% | -3.1% | +7.0% | +2.0% | +2.4% | -5.8% | +3.7% | +3.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | (0.04) | 0.04 | 0.01 | 0.01 | (0.02) | 0.05 | 0.04 |
| Tax | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
Financial Statements
| Particulars | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|
| Revenue | 3.28 | 2.01 | 0.75 | 2.12 |
| Other income | 0.00 | 0.00 | 0.00 | 0.03 |
| EBITDA | 1.10 | 0.58 | (0.03) | (0.78) |
| EBITDA margin | +33.5% | +28.9% | -4.0% | -36.8% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.08 | 0.56 | (0.05) | (0.78) |
| Tax | 0.28 | 0.13 | 0.00 | (0.22) |
| Net profit | 0.80 | 0.43 | (0.05) | (0.56) |
| EPS (₹) | 0.91 | 0.48 | (0.06) | (0.69) |
| Particulars | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Revenue | 9.74 | 5.70 |
| Revenue growth | +70.9% | - |
| Other income | 0.13 | 0.08 |
| Total expenses | 8.96 | 4.51 |
| Employee cost | 0.69 | 0.44 |
| EBITDA | 0.78 | 1.19 |
| EBITDA margin | +8.0% | +20.9% |
| Depreciation | 0.08 | 0.07 |
| Interest | 0.00 | 0.00 |
| Profit before tax | 0.83 | 1.20 |
| Tax | 0.22 | 0.27 |
| Net profit | 0.61 | 0.93 |
| Net profit margin | +6.3% | +16.3% |
| EPS (₹) | 0.68 | 1.06 |
| Particulars | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 8.80 | 8.80 |
| Reserves & surplus | (6.94) | (7.53) |
| Shareholders' funds (net worth) | 1.86 | 1.27 |
| Minority interest | 1.06 | 1.05 |
| Secured loans | 0.00 | 0.00 |
| Unsecured loans | 0.81 | 0.49 |
| Total debt | 0.81 | 0.49 |
| Total liabilities | 3.74 | 3.64 |
| Assets | ||
| Gross block | 0.57 | 0.38 |
| Net block | 0.32 | 0.21 |
| Capital work in progress | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 |
| Inventories | 1.32 | 0.20 |
| Sundry debtors | 1.85 | 2.13 |
| Cash & bank balances | 0.39 | 1.43 |
| Loans & advances | 0.14 | 0.15 |
| Total current assets | 3.70 | 3.91 |
| Total current liabilities | 0.56 | 0.59 |
| Net working capital | 3.14 | 3.32 |
| Total assets | 3.74 | 3.64 |
| Particulars | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Opening cash | 0.21 | 1.28 |
| Net cash from operating activities | (1.22) | (0.55) |
| Net cash from investing activities | 1.05 | (2.83) |
| Net cash from financing activities | 0.32 | 2.31 |
| Net change in cash | 0.15 | (1.07) |
| Closing cash | 0.39 | 1.43 |
| Particulars | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Growth | ||
| Sales growth | +70.9% | - |
| EBITDA growth | -34.5% | - |
| PBT growth | -30.8% | +9997.0% |
| Net income growth | -34.4% | - |
| Profitability & leverage | ||
| Net income margin | +6.3% | +16.3% |
| Return on capital employed | +5.5% | +8.0% |
| Return on net worth | +4.4% | +6.9% |
| Debt / equity | 0.42 | 0.72 |
| Long-term debt / equity | 0.42 | 0.72 |
| Interest cover | 0.00 | 0.00 |
| Efficiency & per share | ||
| Fixed asset turnover | 20.51 | 21.11 |
| Inventory turnover | 12.82 | 57.00 |
| Debtors turnover | 4.89 | 4.35 |
| EPS (₹) | 0.68 | 1.06 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 2.12 | 1.44 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.20 | 1.29 | 0.57 | 0.51 | 0.41 | 1.03 | 1.35 | 1.18 |
| Revenue growth (YoY) | -51.2% | +25.2% | -57.8% | -56.8% | -59.4% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 |
| Total expenses | 0.19 | 1.33 | 0.53 | 0.50 | 0.40 | 1.09 | 1.30 | 1.14 |
| EBITDA | 0.01 | (0.04) | 0.04 | 0.01 | 0.01 | (0.06) | 0.05 | 0.04 |
| EBITDA margin | +5.0% | -3.1% | +7.0% | +2.0% | +2.4% | -5.8% | +3.7% | +3.4% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | (0.04) | 0.04 | 0.01 | 0.01 | (0.02) | 0.05 | 0.04 |
| Tax | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.77 | 4.58 | 20.24 | 7.72 | 6.92 | 6.72 | 7.82 |
| Revenue growth | -39.5% | -77.4% | +162.2% | +11.6% | +3.0% | -14.1% | - |
| Other income | 0.00 | 0.04 | 0.00 | 1.41 | 0.00 | 0.00 | 0.08 |
| Total expenses | 2.77 | 4.57 | 20.07 | 8.40 | 6.85 | 6.35 | 7.09 |
| Employee cost | 0.00 | 0.07 | 0.11 | 0.20 | 0.12 | 0.33 | 0.30 |
| EBITDA | 0.00 | 0.01 | 0.17 | (0.68) | 0.07 | 0.37 | 0.73 |
| EBITDA margin | 0.0% | +0.2% | +0.8% | -8.8% | +1.0% | +5.5% | +9.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.05 | 0.06 | 0.06 | 0.02 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.05 | 0.17 | 0.68 | 0.01 | 0.31 | 0.79 |
| Tax | 0.00 | 0.02 | 0.03 | 0.18 | 0.00 | 0.09 | 0.21 |
| Net profit | 0.12 | 0.00 | 0.14 | (0.72) | 0.01 | 0.22 | 0.58 |
| Net profit margin | +4.3% | 0.0% | +0.7% | -9.3% | +0.1% | +3.3% | +7.4% |
| EPS (₹) | 0.01 | 0.04 | 0.14 | 0.57 | 0.01 | 0.26 | 0.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 8.80 | 8.80 | 8.80 | 8.80 | 8.80 | 8.80 | 8.80 |
| Reserves & surplus | (6.07) | (6.08) | (6.11) | (6.24) | (6.74) | (6.75) | (6.97) |
| Shareholders' funds (net worth) | 2.73 | 2.72 | 2.69 | 2.56 | 2.06 | 2.05 | 1.83 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.35 | 0.19 | 0.03 | 0.00 | 1.11 | 1.04 | 0.79 |
| Total debt | 0.35 | 0.19 | 0.03 | 0.00 | 1.11 | 1.04 | 0.79 |
| Total liabilities | 3.08 | 2.91 | 2.72 | 2.56 | 3.17 | 3.10 | 2.62 |
| Assets | |||||||
| Gross block | 0.14 | 0.14 | 0.14 | 0.32 | 0.32 | 0.32 | 0.32 |
| Net block | 0.01 | 0.01 | 0.01 | 0.00 | 0.05 | 0.11 | 0.18 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 1.47 |
| Inventories | 0.25 | 0.00 | 0.00 | 1.21 | 0.00 | 0.00 | 1.32 |
| Sundry debtors | 2.18 | 2.43 | 2.31 | 0.91 | 2.54 | 3.24 | 0.50 |
| Cash & bank balances | 0.41 | 0.25 | 0.28 | 0.19 | 0.24 | 0.27 | 0.32 |
| Loans & advances | 0.05 | 0.05 | 0.05 | 0.04 | 1.04 | 0.05 | 0.01 |
| Total current assets | 2.89 | 2.73 | 2.64 | 2.35 | 3.82 | 3.56 | 2.15 |
| Total current liabilities | 0.14 | 0.15 | 0.24 | 0.11 | 1.02 | 1.09 | 1.42 |
| Net working capital | 2.75 | 2.58 | 2.40 | 2.24 | 2.80 | 2.47 | 0.73 |
| Total assets | 3.08 | 2.91 | 2.72 | 2.56 | 3.17 | 3.10 | 2.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.25 | 0.28 | 0.19 | 0.24 | 0.27 | 0.32 | 0.09 |
| Net cash from operating activities | (0.01) | (0.18) | 0.06 | 1.05 | (0.09) | (1.52) | 0.11 |
| Net cash from investing activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.23 | (0.18) |
| Net cash from financing activities | 0.17 | 0.15 | 0.03 | (1.11) | 0.07 | 0.25 | 0.30 |
| Net change in cash | 0.16 | (0.03) | 0.09 | (0.05) | (0.02) | (0.05) | 0.23 |
| Closing cash | 0.41 | 0.25 | 0.28 | 0.19 | 0.24 | 0.27 | 0.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -39.5% | -77.4% | +162.2% | +11.6% | +3.0% | -14.1% | - |
| EBITDA growth | -100.0% | -94.1% | +125.0% | -1071.4% | -81.1% | -49.3% | - |
| PBT growth | +9997.0% | -70.6% | -75.0% | +6700.0% | -96.8% | -60.8% | -30.7% |
| Net income growth | - | -100.0% | +119.4% | -7300.0% | -95.5% | -62.1% | - |
| Revenue CAGR (3Y) | -28.9% | -12.9% | +44.4% | -0.4% | +10.6% | +31.9% | +219.4% |
| EBITDA CAGR (3Y) | -100.0% | -47.7% | -22.8% | - | -60.8% | +11.1% | - |
| Profitability & leverage | |||||||
| Net income margin | 0.0% | +0.7% | +0.7% | +6.5% | +0.1% | +3.3% | +7.4% |
| Return on capital employed | - | +0.2% | +1.1% | -5.2% | +0.1% | +2.2% | +5.4% |
| Return on net worth | - | +0.1% | +0.9% | -5.4% | +0.1% | +1.7% | +4.3% |
| Debt / equity | - | 0.04 | 0.01 | 0.24 | 0.52 | 0.47 | 0.42 |
| Long-term debt / equity | - | 0.04 | 0.01 | 0.24 | 0.52 | 0.47 | 0.42 |
| Interest cover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 32.71 | 88.00 | 24.13 | 21.63 | 21.00 | 34.00 |
| Inventory turnover | - | 0.00 | 33.45 | 12.76 | 0.00 | 10.18 | 10.64 |
| Debtors turnover | - | 1.93 | 12.57 | 4.48 | 2.39 | 3.59 | 8.64 |
| EPS (₹) | 0.01 | 0.04 | 0.14 | 0.57 | 0.01 | 0.26 | 0.66 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 3.09 | 3.05 | 2.91 | 2.34 | 2.33 | 2.08 |
Web traffic of Mitshi
The website of Mitshi (mitshi.in) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 12.2% vs previous month
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Frequently Asked Questions about Mitshi
Mitshi was founded in 1976.
Mitshi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Mitshi, Mitshi India Limited, reported revenue of ₹2.77 Cr for FY 2026, down 40% year on year.
Mitshi was founded in 1976 by Kumar V Shah in Mumbai, India. Software development services are offered by the company, with operations centered in the information technology sector. Core activities include custom software solutions and related consulting, serving clients primarily in the domestic market. The firm maintains its headquarters in Mumbai, supporting various development projects across the region.
Yes, Mitshi is publicly traded on BSE under the ticker symbol MITSHI.
Mitshi operates through Mitshi India Limited.
The legal entities of Mitshi currently have 5 directors, including Kumar Vasantlal Shah, Umesh Jayantilal Mistry, Drashti Tarun Savla and others.