About M2p Bsg Itsoft Private Limited
Data last updated: 11 January 2026
M2p Bsg Itsoft Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It specialises in application development and software solutions, a part of the broader technology and IT services sector. Incorporated on 18 January 2010, the company has been in operation for over 16 years.
Registered with ROC Mumbai under CIN U72200MH2010PTC198979.
Capital: an authorised share capital of ₹25 Lakh and a paid-up capital of ₹6.11 Lakh. Formerly known as Bsg Itsoft Private Limited. It is led by directors including Rangarajan Madhusudanan and Muthukumar Ayyakkannu.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.49 Cr, a decline of 8% compared to the previous year.
The company has a workforce of approximately 144 employees as per the latest available data.
The company is associated with 1 brand - Bsg. As per MCA filings, the company has open charges of ₹29.2 Lakh and satisfied charges of ₹9.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bsg.ind.in.
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Registered AddressUnit No 902 9Th Floor Tower B Embassy 247, Lal Bahadur Shastri Marg Vikhroli West, Mumbai, Maharashtra, India – 400083
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IndustryInformation Technology, Application Development & Software Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with M2p Bsg Itsoft Private Limited
M2p Bsg Itsoft Private Limited operates one associated brand: BSG. These brands represent M2p Bsg Itsoft Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Cloud-based core banking solution | bsg.ind.in |
Competitors & Alternatives of M2p Bsg Itsoft Private Limited
Brands and companies operating in the same space as M2p Bsg Itsoft Private Limited include nCino, Thought Machine, Tuum and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
nCino
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Cloud-based API platform for banking operations is provided. | Wilmington, United States, United States | 2011 |
Thought Machine
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Cloud-based platform for core banking is developed via APIs. | London, United Kingdom, United Kingdom | 2014 |
Tuum
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Cloud-native API-first core banking platform is provided for banks. | Tallinn, Estonia, Estonia | 2019 |
Finxact
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Cloud-based core banking software is delivered via open APIs. | Jacksonville, United States, United States | 2016 |
ION Group
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Treasury management solutions are provided for financial institutions and banks. | New York, United States, United States | 1998 |
Nymbus
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Cloud-based core banking solutions are offered to financial institutions. | Miami, United States, United States | 2015 |
Backbase
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AI-powered banking platforms are provided for operational growth. | Amsterdam, Netherlands, Netherlands | 2003 |
Ohpen
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Developer of cloud-based core banking platform for retail mutual funds and savings accounts | Amsterdam, Netherlands, Netherlands | 2008 |
Business Activity of M2p Bsg Itsoft Private Limited
M2p Bsg Itsoft Private Limited is engaged in the principal business activity of information and communication, with detailed activities including computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for M2p Bsg Itsoft Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of M2p Bsg Itsoft Private Limited
M2p Bsg Itsoft Private Limited is audited by GD Bhati and Associates for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GD Bhati and Associates | Locked | Locked | Locked |
Complete auditor history for M2p Bsg Itsoft Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of M2p Bsg Itsoft Private Limited
M2p Bsg Itsoft Private Limited is currently managed by 3 directors, with 6 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Rangarajan Madhusudanan
Also directs:
Finana Partners Llp, Chennai-Falcons E-Cricket League Llp, Ff Payments Tech Private Limited and 4 more
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Director | 05 Jul 2023 | 3 Years 0 Months | Current |
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Muthukumar Ayyakkannu
Also directs:
Ff Payments Tech Private Limited, Conflux Technologies Private Limited, Syntizen Technologies Private Limited and 5 more
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Director | 05 Jul 2023 | 3 Years 0 Months | Current |
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Prabhu Rangarajan
Also directs:
Finana Partners Llp, Ff Payments Tech Private Limited, Conflux Technologies Private Limited and 4 more
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Director | 01 Jun 2022 | 4 Years 1 Months | Current |
Financials of M2p Bsg Itsoft Private Limited FY 2025 filings available
M2p Bsg Itsoft Private Limited reported revenue of ₹43.49 Cr (down 8.00% YoY) for FY 2025.
Ten-year financial statements for M2p Bsg Itsoft Private Limited
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Ownership and Shareholding of M2p Bsg Itsoft Private Limited
Shareholding and ownership data for M2p Bsg Itsoft Private Limited
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Charges & Borrowings of M2p Bsg Itsoft Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2017 | Hdfc Bank Limited | ₹29.2 Lakh | Open |
| 12 Mar 2021 | Others | ₹9.25 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at M2p Bsg Itsoft Private Limited
M2p Bsg Itsoft Private Limited has a workforce of 144 employees as of Apr 05, 2024.
Employee and EPFO history for M2p Bsg Itsoft Private Limited
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GST Compliance of M2p Bsg Itsoft Private Limited
GST registrations and filing compliance for M2p Bsg Itsoft Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for M2p Bsg Itsoft Private Limited
Credit ratings, litigation, and regulatory alerts for M2p Bsg Itsoft Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by M2p Bsg Itsoft Private Limited
MSME payment history for M2p Bsg Itsoft Private Limited
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Subsidiaries & Group Companies of M2p Bsg Itsoft Private Limited
Corporate group structure for M2p Bsg Itsoft Private Limited
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MCA Filings & Documents of M2p Bsg Itsoft Private Limited
MCA filings and documents for M2p Bsg Itsoft Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
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- Complete filing index
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Recent Activity on M2p Bsg Itsoft Private Limited
Frequently Asked Questions about M2p Bsg Itsoft Private Limited
M2p Bsg Itsoft Private Limited is an active private limited company in the information technology sector based in Mumbai, Maharashtra, India. It was incorporated on 18 January 2010 (16+ years old) and is registered under CIN U72200MH2010PTC198979. The company has 144 employees.
M2p Bsg Itsoft Private Limited reported revenue of ₹43.49 Cr for FY 2025 (down 8.00% YoY).
The current directors of M2p Bsg Itsoft Private Limited are:
- Rangarajan Madhusudanan - Director
- Muthukumar Ayyakkannu - Director
- Prabhu Rangarajan - Director
The primary industry of M2p Bsg Itsoft Private Limited is information technology. The company specifically operates in application development and software solutions. The company is currently active in this sector.
Yes, M2p Bsg Itsoft Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
M2p Bsg Itsoft Private Limited can be reached at the registered office: Unit No 902 9Th Floor Tower B Embassy 247, Lal Bahadur Shastri Marg Vikhroli West, Mumbai, Maharashtra, India – 400083, or through the website bsg.ind.in.