MOS

Mumbai, India Founded: 2009 • Age: 17 yrs Listed
Financial services for e-commerce businesses are provided by MOS.

About MOS

MOS is a publicly listed company based in Mumbai (India) founded in 2009 by Viren Shah and Chirag Shah. Financial services for e-commerce businesses are provided by MOS. It operates in the Retail and Financial Services sectors. MOS has completed 1 acquisition, including Samvriddhi. Its chief executive, as recorded, is Chirag Shah. Its website mos-world.com draws about 45 thousand monthly visits. Its Indian entity Mos Utility Limited reported revenue of β‚Ή641 Cr. MOS offers products and services including Banking Services, Travel Services, Insurance Services, and Courier Services. Its focus areas include E-Commerce Enablers, Financing, FinTech and Alternative Lending. Similar companies include FlexiLoans, Bizongo and Clix Capital; 3 of its 3 listed similar companies have raised funding.

Company details

MOS was founded in 2009 in Mumbai, India, as a provider of financial services tailored to e-commerce businesses. Operations focus on supporting online merchants with funding, payment processing, and risk management solutions. The company is led by co-founders including Viren Shah as CIO and Chirag Shah as co-CEO, alongside Jignesh Jutthani as co-CEO. Services are delivered primarily in the Indian market to facilitate e-commerce growth and financial stability.

  • Headquarters Mumbai, India
  • Founders Viren Shah, Chirag Shah
  • Stage Public
  • Sectors
    Retail
    Financial Services
  • Website category Finance · Investing
  • Website mos-world.com
  • Social LinkedIn Facebook Instagram YouTube
  • Legal Name Mos Utility Ltd.
Key Metrics
  • Market Cap
    ₹156 Cr

    MOS-SM · NSE

  • Share Price
    ₹6.35

    +4.96% today

  • Revenue
    ₹635 Cr

    FY 2025-26 · +3.1% YoY

  • EBITDA
    ₹27.20 Cr

    Margin 4.3%

  • Net Profit
    ₹17.98 Cr

    FY 2025-26 · +62.7% YoY

  • P/E (TTM)
    8.3x

    P/B 1.4x

  • Investments & Acquisitions

Products & Services of MOS

MOS offers a comprehensive portfolio of products and services, including Banking Services, Travel Services, Insurance Services, and Courier Services.

Banking Services
Financial Services

Platform for digital banking transactions and loans.

Travel Services
Travel Tech

Services for booking flights, hotels, and travel arrangements.

Insurance Services
Insurance Tech

Digital platform for health and vehicle insurance policies.

Courier Services
Logistics Tech

Network for sending and receiving packages securely.

Apps and channels of MOS

its YouTube channel MOS Utility Limited has 3.76K subscribers and 30 videos.

MOS Utility Limited
YouTube 3.76K subscribers 30 videos Science & Technology
Open channel

Videos from MOS

The most watched videos on MOS's YouTube channel, MOS Utility Limited (3.76K subscribers). Click a video to play it here.

🌐 MOS DHAN-VRIDDHI Digital Financial Services: The Future of Finance is Here!
1.5K views
DMT Subscription Process Video
1.1K views
MOS Apna Store Mall Training Video
730 views
Freelancer at MOS
473 views

More on MOS Utility Limited.

Board of directors of Mos Utility Limited (MOS)

Mos Utility Limited is the primary company behind MOS. The board of Mos Utility Limited currently have 7 directors; the longest-serving is Santosh Ramrao Mijgar, appointed in 2016. 12 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Santosh Ramrao Mijgar
DIN 02126203
Director02 Feb 201610 yrs 8 moMos Utility Limited
Ravi Natvarlal Ruparelia
DIN 09091603
Managing Director22 Feb 20215 yrs 8 moMos Utility Limited
Anjeeta Anandnath Mishra
DIN 09799768
Director01 Dec 20223 yrs 10 moMos Utility Limited
Chirag Dineshbhai Shah
DIN 01787586
Director01 Jun 20233 yrs 4 moMos Utility Limited
Heena Rajendra Jaysinghani
DIN 10457723
Director22 Jan 20242 yrs 9 moMos Utility Limited
Sunil Kulkarni
DIN 02714177
Director12 Apr 20242 yrs 6 moMos Utility Limited
Paras Vinod Chhadwa
DIN 08495208
Director29 May 20251 yr 4 moMos Utility Limited

People of MOS

3 people are tracked at MOS (3 in leadership).

NameRoleGroup
Viren Shah
Co-Founder & CIOLeadership
Co-Founder & Co-CEOLeadership
Jignesh Jutthani
Co-CEOLeadership
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Complete people profiles for MOS

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  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of MOS

MOS is a publicly listed company on the NSE with ticker symbol MOS 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 date18 Apr 2023
  • Listed onNSE: MOS
  • Listed entityMOS Utility Ltd.
  • Exchange sectorTechnology services
  • ISININE0N7S01028
  • Share price₹5.70 (-5% on the day) · 2026-10-14
  • Market capitalisation₹154 Cr
  • Price to earnings4.1
  • EPS (diluted, trailing year)₹1.40
  • Volume (last session)880,000

Financials of MOS

Exchange-reported figures of Mos Utility Limited, the listed company behind MOS (NSE: MOS-SM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹635 Cr
+3.0% YoY
EBITDA
₹27.20 Cr
+33.3% YoY
Profit After Tax
₹17.98 Cr
+62.7% YoY
Net Worth
₹106 Cr
+25.0% YoY
Total Assets
₹184 Cr
+61.3% YoY
Total Debt
₹71.49 Cr
+247.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue635616187106
Revenue growth+3.1%+230.1%+76.0%-
EBITDA27.2020.4011.537.10
EBITDA margin+4.3%+3.3%+6.2%+6.7%
Profit before tax24.1419.1414.987.32
Net profit17.9811.056.693.14
Net profit margin+2.8%+1.8%+3.6%+3.0%
EPS (β‚Ή)0.735.024.512.96
Balance sheet
Total assets18411484.2843.91
Net worth10685.1775.0526.39
Total debt71.4920.574.597.80
Cash & bank43.0027.566.951.35
Net working capital11068.7644.8118.24
Cash flow
Cash from operations(4.42)25.94(13.66)3.87
Cash from investing(1.74)(14.51)(14.36)(8.83)
Cash from financing7.139.1733.635.48
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue151153166156160175
Revenue growth (YoY)-5.5%-12.5%----
Other income1.601.431.401.901.211.72
EBITDA6.567.656.647.495.427.69
EBITDA margin+4.3%+5.0%+4.0%+4.8%+3.4%+4.4%
Depreciation0.961.071.191.271.271.78
Interest1.391.170.971.730.320.55
Profit before tax5.816.845.886.395.047.08
Tax1.451.921.521.240.952.53
Net profit4.364.924.365.154.094.55
EPS (β‚Ή)0.170.200.170.410.330.19
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue24120817510677.3473.49554
Revenue growth+15.9%+19.1%+64.5%+37.2%+5.2%-86.8%-
EBITDA21.1317.209.847.101.741.504.48
EBITDA margin+8.8%+8.3%+5.6%+6.7%+2.3%+2.0%+0.8%
Profit before tax19.4816.3113.187.323.030.522.02
Net profit14.859.786.043.140.45(0.14)1.87
Net profit margin+6.2%+4.7%+3.5%+3.0%+0.6%-0.2%+0.3%
EPS (β‚Ή)0.594.504.202.96171.52(6.42)97.56
Balance sheet
Total assets19210276.1043.9122.1212.679.97
Net worth12384.2674.1626.399.156.596.72
Total debt68.9317.521.407.8012.966.083.25
Cash & bank30.1121.518.901.350.821.340.27
Net working capital82.6464.8042.9518.243.516.333.94
Cash flow
Cash from operations(2.63)36.79(12.19)3.875.322.55(5.36)
Cash from investing(40.07)(43.30)(10.69)(8.83)(9.71)(1.29)0.40
Cash from financing47.359.4030.435.483.86(0.18)3.01
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue51.7548.7856.8064.7972.2357.88
Revenue growth (YoY)-28.4%-15.7%----
Other income1.441.511.691.701.601.65
Total expenses46.0642.6050.9559.3167.0851.13
EBITDA5.696.185.855.485.156.75
EBITDA margin+11.0%+12.7%+10.3%+8.5%+7.1%+11.7%
Depreciation0.830.920.951.011.001.61
Interest1.371.361.051.180.720.57
Profit before tax4.935.415.544.995.036.22
Tax1.241.101.011.210.982.27

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue151153166156160175
Revenue growth (YoY)-5.5%-12.5%----
Other income1.601.431.401.901.211.72
EBITDA6.567.656.647.495.427.69
EBITDA margin+4.3%+5.0%+4.0%+4.8%+3.4%+4.4%
Depreciation0.961.071.191.271.271.78
Interest1.391.170.971.730.320.55
Profit before tax5.816.845.886.395.047.08
Tax1.451.921.521.240.952.53
Net profit4.364.924.365.154.094.55
EPS (β‚Ή)0.170.200.170.410.330.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue635616187106
Revenue growth+3.1%+230.1%+76.0%-
Other income5.953.946.313.52
Total expenses60859617599.04
Employee cost0.0010.787.462.93
EBITDA27.2020.4011.537.10
EBITDA margin+4.3%+3.3%+6.2%+6.7%
Depreciation4.813.722.312.14
Interest4.201.480.551.16
Profit before tax24.1419.1414.987.32
Tax5.625.632.851.64
Net profit17.9811.056.693.14
Net profit margin+2.8%+1.8%+3.6%+3.0%
EPS (β‚Ή)0.735.024.512.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital51.4924.9424.9419.16
Reserves & surplus54.9760.2350.117.23
Shareholders' funds (net worth)10685.1775.0526.39
Minority interest2.515.073.720.00
Secured loans67.7514.371.636.23
Unsecured loans3.746.202.961.57
Total debt71.4920.574.597.80
Total liabilities18411484.2843.91
Assets
Gross block47.4146.0631.6619.09
Net block26.6730.1319.178.91
Capital work in progress7.250.252.462.60
Investments0.006.0013.5211.71
Inventories17.7314.259.370.47
Sundry debtors3.784.789.314.13
Cash & bank balances43.0027.566.951.35
Loans & advances80.8059.4840.4920.86
Total current assets14510666.1226.81
Total current liabilities35.2837.3121.318.57
Net working capital11068.7644.8118.24
Total assets18411484.2843.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash27.556.951.350.82
Net cash from operating activities(4.42)25.94(13.66)3.87
Net cash from investing activities(1.74)(14.51)(14.36)(8.83)
Net cash from financing activities7.139.1733.635.48
Net change in cash0.9620.605.610.53
Closing cash43.0027.566.951.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+3.1%+230.1%+76.0%-
EBITDA growth+33.3%+76.9%+62.4%-
PBT growth+26.1%+27.8%+104.6%+9997.0%
Net income growth+62.7%+65.2%+113.1%-
Revenue CAGR (3Y)+81.6%---
EBITDA CAGR (3Y)+56.5%---
Profitability & leverage
Net income margin+2.9%+2.2%+6.5%+5.4%
Return on capital employed-+19.7%+15.7%+12.0%
Return on net worth-+14.9%+14.9%+11.9%
Debt / equity-0.140.120.30
Long-term debt / equity-0.030.060.19
Interest cover18.768.875.9723.39
Efficiency & per share
Fixed asset turnover-15.877.365.56
Inventory turnover-52.2037.96225.83
Debtors turnover-87.5027.7925.70
EPS (β‚Ή)0.735.024.512.96
Dividend per share (β‚Ή)0.000.000.000.00
Book value per share (β‚Ή)0.0034.6630.1013.77
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue51.7548.7856.8064.7972.2357.88
Revenue growth (YoY)-28.4%-15.7%----
Other income1.441.511.691.701.601.65
Total expenses46.0642.6050.9559.3167.0851.13
EBITDA5.696.185.855.485.156.75
EBITDA margin+11.0%+12.7%+10.3%+8.5%+7.1%+11.7%
Depreciation0.830.920.951.011.001.61
Interest1.371.361.051.180.720.57
Profit before tax4.935.415.544.995.036.22
Tax1.241.101.011.210.982.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24120817510677.3473.49554
Revenue growth+15.9%+19.1%+64.5%+37.2%+5.2%-86.8%-
Other income6.543.846.183.523.530.770.02
Total expenses22019116599.0475.6071.99550
Employee cost0.007.106.952.931.380.313.65
EBITDA21.1317.209.847.101.741.504.48
EBITDA margin+8.8%+8.3%+5.6%+6.7%+2.3%+2.0%+0.8%
Depreciation3.883.332.292.141.171.291.48
Interest4.311.400.551.161.070.461.00
Profit before tax19.4816.3113.187.323.030.522.02
Tax4.635.122.691.64(0.25)0.660.15
Net profit14.859.786.043.140.45(0.14)1.87
Net profit margin+6.2%+4.7%+3.5%+3.0%+0.6%-0.2%+0.3%
EPS (β‚Ή)0.594.504.202.96171.52(6.42)97.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital51.4924.9424.9419.160.190.190.19
Reserves & surplus71.1759.3249.227.238.966.406.53
Shareholders' funds (net worth)12384.2674.1626.399.156.596.72
Secured loans66.7613.350.646.238.503.180.87
Unsecured loans2.174.170.761.574.462.902.38
Total debt68.9317.521.407.8012.966.083.25
Total liabilities19210276.1043.9122.1212.679.97
Assets
Gross block31.3730.5022.9719.0919.0311.5711.53
Net block11.2814.2910.508.915.924.695.43
Capital work in progress2.500.252.462.607.351.100.29
Investments47.7821.5018.4311.712.870.490.00
Inventories0.100.120.760.471.040.360.14
Sundry debtors0.651.997.284.130.483.414.43
Cash & bank balances30.1121.518.901.350.821.340.27
Loans & advances64.9455.4834.7320.8614.7813.0915.47
Total current assets95.8079.1051.6726.8117.1218.2020.31
Total current liabilities13.1614.308.728.5713.6111.8716.37
Net working capital82.6464.8042.9518.243.516.333.94
Total assets19210276.1043.9122.1212.679.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11.798.901.350.821.340.272.22
Net cash from operating activities(2.63)36.79(12.19)3.875.322.55(5.36)
Net cash from investing activities(40.07)(43.30)(10.69)(8.83)(9.71)(1.29)0.40
Net cash from financing activities47.359.4030.435.483.86(0.18)3.01
Net change in cash4.652.897.550.53(0.52)1.07(1.95)
Closing cash30.1121.518.901.350.821.340.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+15.9%+19.1%+64.5%+37.2%+5.2%-86.8%-
EBITDA growth+22.9%+74.8%+38.6%+308.1%+16.0%-66.5%-
PBT growth+19.4%+23.8%+80.1%+141.6%+482.7%-74.3%+3.6%
Net income growth+51.8%+61.9%+92.4%+597.8%+421.4%-107.5%-
Revenue CAGR (3Y)+31.5%+39.1%+33.4%-42.4%-54.4%--
EBITDA CAGR (3Y)+43.8%+114.6%+87.2%+16.6%-16.0%--
Profitability & leverage
Net income margin+6.2%+5.4%+6.0%+5.4%+4.2%-0.2%+0.3%
Return on capital employed-+17.7%+13.3%+15.9%+4.5%+8.8%+41.2%
Return on net worth-+12.3%+12.0%+17.7%+5.8%-1.8%+40.6%
Debt / equity-0.110.090.581.210.700.59
Long-term debt / equity-0.020.060.330.520.200.20
Interest cover24.9910.097.2823.39187.72219.0533.33
Efficiency & per share
Fixed asset turnover-7.788.305.575.056.3653.65
Inventory turnover-472.59283.84140.58110.49293.963,168.51
Debtors turnover-44.8630.6046.0539.7618.7590.75
EPS (β‚Ή)0.594.504.202.96171.52(6.42)97.56
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.0034.3029.7413.77476.91343.73350.15

Investments & Acquisitions by MOS

MOS has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Samvriddhi.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Correspondent services for banks, government and developmental organizations
samvriddhi.comKolkata, India2008Sep 2024β€’β€’β€’β€’
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Timeline of MOS

3 dated milestones of MOS across 15 years, from founding to its latest funding, stage changes and deals.

  1. Founded MOS is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Samvriddhi.

Similar companies to MOS

MOS has 3 listed similar companies in our database, 3 of them funded. They include FlexiLoans, Bizongo and Clix Capital.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
flexiloans.com2016Mumbai, India$96.88M624
Business loans and financial products for MSMEs are provided.
bizongo.com2015Mumbai, India$257.08M94
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
clix.capital2016Gurugram, India$69.52M1,742
Lending platform for consumers and businesses is provided.
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Web traffic of MOS

The website of MOS (mos-world.com) receives about 44.7K visits a month and ranks #554,757 among all websites worldwide, #5,559 in Investing.

  • Monthly visits
    44.7K

    ▼ 36.4% vs previous month

  • Unique visitors
    17.9K

    per month

  • Global rank
    #554,757

    among all websites

  • Category rank
    #5,559

    Finance · Investing

Similar websites

Websites whose visitors overlap most with MOS. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
biz-solutionz.com
biz-solutionz.com
100%
–
ia.ooo
97%
34.2K#898,770View details
setu.co
97%
573.8K#76,182View details
decentro.tech
97%
214.4K#168,413View details
mobisafar.com
66%
620.4K#82,320View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in E-Commerce Enablers & Infrastructure

3 companies that operate in the same segment as MOS (E-Commerce Enablers & Infrastructure) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Integrated logistics services including parcel delivery and warehousing are provided.
2011Gurugram, Haryana, IndiaUSD 1.37 BUSD 1.12 B23,536
E-commerce tools for shipping, marketing, and financial services are provided.
2012Gurugram, Haryana, IndiaUSD 321.57 MUSD 135.47 M915
Express delivery logistics solutions are provided for businesses and individuals.
2015Bengaluru, Karnataka, IndiaUSD 246.8 MUSD 447.86 M
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Related news about Mos

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Frequently Asked Questions about MOS

MOS was founded in 2009.

MOS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Chirag Shah is the CEO of MOS, as recorded in our data. They have also founded this company.

The primary company behind MOS, Mos Utility Limited, reported revenue of β‚Ή641 Cr for FY 2026, up 3% year on year.

MOS was founded in 2009 in Mumbai, India, as a provider of financial services tailored to e-commerce businesses. Operations focus on supporting online merchants with funding, payment processing, and risk management solutions. The company is led by co-founders including Viren Shah as CIO and Chirag Shah as co-CEO, alongside Jignesh Jutthani as co-CEO. Services are delivered primarily in the Indian market to facilitate e-commerce growth and financial stability.

MOS's top competitors include FlexiLoans, Bizongo and Clix Capital.

MOS offers Banking Services, Travel Services, Insurance Services, and Courier Services.

Yes, MOS is publicly traded on NSE under the ticker symbol MOS.

MOS has made 1 acquisition, including Samvriddhi.

MOS operates through Mos Utility Limited.

The legal entities of MOS currently have 9 directors, including Santosh Ramrao Mijgar, Ravi Natvarlal Ruparelia, Chirag Dineshbhai Shah and others.

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