About Myndar Cold Chain
Myndar Cold Chain is a Healthcare company based in Hong Kong (China) founded in 2018. It specializes in IoT development for jewelry, healthcare, and critical logistics sectors. It operates on a B2B and SaaS model in Healthcare and Transportation, Automotive & Logistics sectors. The company has 8 employees. Its Indian entity Sigma Advanced Systems Limited reported revenue of ₹37.40 Cr. Myndar Cold Chain offers products and services including IoT Devices, Cloud-Based Applications, and Logistics Solutions. Its focus areas include Consumer, Jewelry Tech, IoT for Watches and Health and Wellness Tech. Its competitors include Controlant, SkyCell, Sensitech, Fujian Frozen Online Network Technology and Sensaphone and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Myndar, a division of Megasoft Limited, focuses on creating IoT devices and cloud-based solutions that leverage big data analysis. It serves industries such as Jewelry and Watches, Healthcare, and Critical Logistics by providing innovative technologies for business transformation. Based in Hong Kong, Myndar offers specialized applications to enhance operations and efficiency in these sectors.
- Headquarters Hong Kong, China
- Employees 8
- SectorsHealthcareTransportation, Automotive & Logistics
- Email••••••••
- Website myndar-log.com
- Social Facebook YouTube
- Legal Name Megasoft Limited
- Date of Incorporation 29 Jun, 1999
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹37.40 Cr
FY 2024 · -15% YoY
- Net Loss-₹12.75 Cr
FY 2024 · -34% margin
- EBITDA₹28.47 Cr
FY 2024 · 76% margin
- Employee Count8
Associated legal entities of Myndar Cold Chain
Myndar Cold Chain operates through Sigma Advanced Systems Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sigma Advanced Systems Limited Listed CIN L24100TN1999PLC042730 | Active | 29 Jun 1999 | Chennai, Tamil Nadu | ₹37.4 Cr | 8 | 9 | View details |
Products & Services of Myndar Cold Chain
Myndar Cold Chain offers a comprehensive portfolio of products and services, including IoT Devices, Cloud-Based Applications, and Logistics Solutions.
IoT devices for monitoring and data analysis in various industries
Cloud apps using big data for jewelry and healthcare operations
IoT systems for preserving perishables in critical logistics
Board of directors of Sigma Advanced Systems Limited (Myndar Cold Chain)
Sigma Advanced Systems Limited is the primary company behind Myndar Cold Chain. The board of Sigma Advanced Systems Limited currently have 8 directors; the longest-serving is Leona Ambuja, appointed in 2015. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Leona Ambuja DIN 07138817 | Director | 31 Mar 2015 | 11 yrs 6 mo | Sigma Advanced Systems Limited |
| Shridhar Thathachary DIN 00720272 | CFO | 11 Aug 2015 | 11 yrs 2 mo | Sigma Advanced Systems Limited |
| Kalyan Vijay Sivalenka DIN 06404449 | Director | 29 Sep 2020 | 6 yrs | Sigma Advanced Systems Limited |
| Sunilkumar Kalidindi DIN 02344343 | Whole-time director | 10 Dec 2021 | 4 yrs 10 mo | Sigma Advanced Systems Limited |
| Suryanarayana Raju Nandyala DIN 01581731 | Director | 24 Dec 2021 | 4 yrs 9 mo | Sigma Advanced Systems Limited |
| Uma Garimella DIN 02847624 | Director | 20 Dec 2024 | 1 yr 9 mo | Sigma Advanced Systems Limited |
| Cheemarla Damodar Reddy DIN 01643638 | Additional Director | 22 Dec 2025 | 9 mo | Sigma Advanced Systems Limited |
| Raju Somashekar Baggavalli DIN 11482140 | Additional Director | 16 Jan 2026 | 8 mo | Sigma Advanced Systems Limited |
Financials of Myndar Cold Chain
Figures of Sigma Advanced Systems Limited, the primary company behind Myndar Cold Chain, for FY 2024. Revenue was ₹37.40 Cr (-15% year on year). Net loss was -₹12.75 Cr (-34% margin). EBITDA was ₹28.47 Cr (76% margin). Revenue has grown at a compounded annual rate of -17% over three years and -12% over five years.
- ₹37.40 CrRevenue · FY 2024 · -15% YoY
- -₹12.75 CrNet loss · -34% margin
- ₹28.47 CrEBITDA · 76% margin
- ₹73.77 CrPaid-up capital
- 8Employees (provident fund records)
- -17%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sigma Advanced Systems Limited are on its company page.
Detailed financial statements for Myndar Cold Chain
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- Financial ratios
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Competitors of Myndar Cold Chain
Myndar Cold Chain has 9 listed competitors in our database, 8 of them funded. They include Controlant, SkyCell, Sensitech, Fujian Frozen Online Network Technology and Sensaphone, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| controlant.com | 2007 | Reykjavik, Iceland | $92.47M | 15 | Cloud-based visibility is offered for cold chain supply management. | |
| skycell.ch | 2013 | Zurich, Switzerland | $270M | – | Temperature-controlled containers for pharmaceutical transport are provided. | |
| sensitech.com | 1990 | Beverly, United States | – | – | Cold-chain visibility solutions are provided for perishables. | |
| dongpin.cn | 2015 | Fuzhou, China | $39.49M | – | B2B frozen food supply chain is enabled via mobile platform. | |
| sensaphone.com | 1985 | Philadelphia, United States | $21.23M | 40 | Environmental parameters are monitored via integrated wireless devices and systems. | |
| thingsup.io | 2016 | Pune, India | $700,000 | 24 | IoT and cloud-based supply chain visibility solutions are provided. | |
| inteligistics.com | 2004 | Pittsburgh, United States | $250,000 | 6 | Cold chain and supply chain visibility solutions | |
| packid.com.br | 2016 | Chapeco, Brazil | $492,980 | – | Cloud-based IoT solutions for real-time production monitoring are provided. | |
| sensire.com | 2001 | Joensuu, Finland | $6.75M | – | Provider of HSEQ software solutions for safety management and condition monitoring |
Detailed competitors of Myndar Cold Chain
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Health Monitoring & Wearables
10 companies that operate in the same segment as Myndar Cold Chain (Health Monitoring & Wearables), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,660 | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Health-tracking smart rings and biosensors are developed for biometric monitoring. | 2013 | Oulu, North Ostrobothnia, Finland | USD 1.32 B | – | – | |
Wearable glucose monitoring patches are provided for real-time data tracking. | 1999 | San Diego, California, United States | USD 52.5 M | USD 4.66 B | 10,300 | |
AI-based mobile app tracks and predicts menstrual cycles. | 2015 | London, England, United Kingdom | USD 269 M | – | – | |
Smartphone-enabled glucometers and diabetes management apps are provided. | 2015 | Delhi, Delhi, India | USD 50.83 M | USD 2.74 M | 142 | |
Provider of a fertility tracking app that doubles as birth control | 2013 | Stockholm, Sweden | USD 99.5 M | – | – | |
Diabetes management is enabled via glucose meters and mobile apps. | 2010 | Palo Alto, California, United States | USD 201 M | – | – |
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Frequently Asked Questions about Myndar Cold Chain
Myndar Cold Chain was founded in 2018.
Myndar Cold Chain is headquartered in Hong Kong, China.
Myndar Cold Chain has 8 employees.
The primary company behind Myndar Cold Chain, Sigma Advanced Systems Limited, reported revenue of ₹37.40 Cr for FY 2024, down 15% year on year.
Myndar, a division of Megasoft Limited, focuses on creating IoT devices and cloud-based solutions that leverage big data analysis. It serves industries such as Jewelry and Watches, Healthcare, and Critical Logistics by providing innovative technologies for business transformation. Based in Hong Kong, Myndar offers specialized applications to enhance operations and efficiency in these sectors.
Myndar Cold Chain's top competitors include Controlant, SkyCell and Sensire.
Myndar Cold Chain offers IoT Devices, Cloud-Based Applications, and Logistics Solutions.
Myndar Cold Chain operates through Sigma Advanced Systems Limited.
The legal entities of Myndar Cold Chain currently have 9 directors, including Leona Ambuja, Sunilkumar Kalidindi, Shridhar Thathachary and others.