About Harness Solutions (India) Private Limited
Data last updated:
Harness Solutions (India) Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Harness Solutions Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 December 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2001PTC134139. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹23.6 Lakh. It is led by directors including Shankar Kishor Mandelia and Manish Shankar Mandelia.
Its last annual general meeting (AGM) was held on 04 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1909 Kamdhenu Commerz Plot No.2 Sector 14 Kharghar Taluka Panvel Dist.Raigadh, Navi Mumbai, Maharashtra, India – 410210.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.7 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net profit of ₹7.91 Lakh (net margin 50.4%) and EBITDA of ₹14.81 Lakh (EBITDA margin 94.3%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 18% over five years.
The company is associated with 1 brand: Harness Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harnesssolutions.com.
Company details
Contact details
Harness Solutions (India) Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is harnesssolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1909 Kamdhenu Commerz Plot No.2 Sector 14 Kharghar Taluka Panvel Dist.Raigadh, Navi Mumbai, Maharashtra, India – 410210
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Harness Solutions (India) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Harness Solutions (India) operates one associated brand: Harness Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides tracking software for hospitals and life science laboratories. | harnesssolutions.com |
Business activity
The main business activity of Harness Solutions (India) is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Harness Solutions (India) Private Limited, buy the company report.
Financials of Harness Solutions (India) Private Limited
FY 2025 filings availableHarness Solutions (India) Private Limited reported revenue of ₹15.7 Lakh (down 72% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 72% fall in the latest year. EBITDA rose 6% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.91 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.3% | ||||
| Net Profit Margin | 50.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Harness Solutions (India) Private Limited, buy the company report.
Board of directors of Harness Solutions (India) Private Limited
Harness Solutions (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Kishor Mandelia | Director | 03 Oct 2007 | 19 Years 0 Months | Current |
| Bela Shankar Mandelia | Alternate Director | 23 Jul 2008 | 18 Years 3 Months | Current |
| Manish Shankar Mandelia | Director | 07 Dec 2001 | 24 Years 10 Months | Current |
Auditor
Harness Solutions (India) Private Limited is audited by K. K. DAND & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. K. DAND & CO. | FY 2023 | 102096W |
Shareholding
The shareholding of Harness Solutions (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harness Solutions (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Harness Solutions (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Harness Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Harness Solutions (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Harness Solutions (India) Private Limited, buy the company report.
Recent activity
Harness Solutions (India) Private Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Bela Shankar Mandelia was appointed as Alternate Director on 23 Jul 2008.
Frequently asked questions
Harness Solutions (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 December 2001 (25+ years old) and is registered under CIN U72900MH2001PTC134139.
Harness Solutions (India) has 3 current directors:
- Shankar Kishor Mandelia - Director
- Bela Shankar Mandelia - Alternate Director
- Manish Shankar Mandelia - Director
The latest financial statements of Harness Solutions (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 July 2025. Year-wise statements from 2015 are in the company report.
No. Harness Solutions (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Harness Solutions (India) is U72900MH2001PTC134139. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harness Solutions (India) was incorporated on 06 December 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Bela Shankar Mandelia was appointed as Alternate Director on 23 Jul 2008. Anup Gopinathan Nair ceased to be Director on 18 Oct 2007. Shankar Kishor Mandelia was appointed as Director on 03 Oct 2007. Harness Solutions (India) has 4 board changes on record in total.
Harness Solutions (India) can be reached through the website harnesssolutions.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Harness Solutions (India) is at 1909 Kamdhenu Commerz Plot No.2 Sector 14 Kharghar Taluka Panvel Dist.Raigadh, Navi Mumbai, Maharashtra, India – 410210.
Harness Solutions (India) operates in the information technology industry, in the IT consulting and support services segment.