MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0011508
Hitachi MGRM Net Limited - internet in Gurugram, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹82.7 Cr
▲ 49% YoY
Net profit · FY 2025
₹3.17 Cr
Net margin 3.8%
EBITDA · FY 2025
₹6.34 Cr
EBITDA margin 7.7%
Authorised capital
₹22 Cr
Registered with MCA
Paid-up capital
₹21.28 Cr
Issued & subscribed
Open charges
₹60 Cr
Satisfied ₹1.5 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
84
Provident fund records
About Hitachi MGRM Net Limited
Data last updated:
Hitachi MGRM Net Limited is a public limited company based in Gurugram, Haryana, India, a subsidiary of Mgrm Infotech Solutions Private Limited. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 28 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899HR1998PLC101561. Its GSTIN is 06AACCA3286H2ZR (Haryana). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.28 Cr. It was formerly known as Argus Infrastructure Limited and Mgrm Net Limited. It is led by directors including Bharat Kaushal (Managing Director) and Surabhi Das Sharma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Mgrm House Plot No. 19 HUDA Institutional Area Sector – 32, Gurugram, Haryana, India – 122003.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.7 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹3.17 Cr (net margin 3.8%) and EBITDA of ₹6.34 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 11% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Hitachi MGRM Net Ltd and MGRM Net Limited. As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 13 cases involving the company, including 3 filed by the company and 10 filed against it; 1 case is pending.
Hitachi MGRM Net Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0011508). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitachimgrmnet.com.
Company details
CIN U74899HR1998PLC101561
Registration Number 101561
Incorporation Date 28 May 1998
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Mgrm Infotech Solutions Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0011508
Name history
Hitachi MGRM Net has undergone 2 name changes throughout its history. The company was previously known as Argus Infrastructure Limited, and Mgrm Net Limited. The current legal name is Hitachi Mgrm Net Limited.
| Company Name | Status |
|---|---|
| Hitachi MGRM Net Limited | Current |
| Argus Infrastructure Limited | Previous |
| Mgrm Net Limited | Previous |
CIN history
Hitachi MGRM Net has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899HR1998PLC101561, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899HR1998PLC101561 | Current |
| U74899DL1998PLC094127 | Previous |
| U74899DL1998PTC094127 | Previous |
Key People
Bharat Kaushal Managing Director Surabhi Das Sharma Director Srinivasagopalan Regunathan Director Recognitions & Rankings of Hitachi MGRM Net
Contact details
Hitachi MGRM Net Limited's registered office is in Gurugram, Haryana. Its website is hitachimgrmnet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Mgrm House Plot No. 19 HUDA Institutional Area Sector – 32, Gurugram, Haryana, India – 122003
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Hitachi MGRM Net Limited, buy the company report.
Comprehensive company report
Hitachi MGRM Net Limited - one report that includes everything
- 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
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Brands
Hitachi MGRM Net operates two associated brands: Hitachi MGRM Net Ltd and MGRM Net Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers e-Governance platforms, education expert systems, and enterprise solutions. | hitachimgrmnet.com | |
| Provides web-based platforms and solutions for education and e-governance. | mgrmnet.com |
Business activity
The main business activities of Hitachi MGRM Net are construction and information and communication. In detail, this covers roads, railways, utility projects and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Hitachi MGRM Net Limited, buy the company report.
Financials of Hitachi MGRM Net Limited
FY 2025 filings availableHitachi MGRM Net Limited reported revenue of ₹82.7 Cr (up 49% YoY) for FY 2025.
Revenue · FY 2025
₹82.7 Cr ▲ 49%
Net profit · FY 2025
₹3.17 Cr margin 3.8%
EBITDA · FY 2025
₹6.34 Cr margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 24%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 49% growth in the latest year. EBITDA rose 5% 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 |
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| EBITDA | ₹6.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.17 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Hitachi MGRM Net Limited, buy the company report.
Board of directors of Hitachi MGRM Net Limited
Hitachi MGRM Net has 10 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surabhi Das Sharma Also directs: MGRM Medicare Private Limited | Director | 28 Apr 2022 | 4 Years 6 Months | Current |
| Srinivasagopalan Regunathan Also directs: Picture Time Digiplex Private Limited | Director | 01 Apr 2012 | 14 Years 7 Months | Current |
| Tarun Seth Also directs: Whitenyt International LLP, SVT Global Trade LLP, Tresor Ventures Private Limited and 5 more | Director | 24 Feb 2021 | 5 Years 8 Months | Current |
| Bharat Kaushal | Managing Director | 09 Apr 2018 | 8 Years 6 Months | Current |
| Hicham Abdessamad | Nominee Director | 12 Jul 2018 | 8 Years 3 Months | Current |
| Ashwani Windlass | Director | 04 Jun 2018 | 8 Years 4 Months | Current |
Showing 6 of 10 current directors. View all directors
Auditor
Hitachi MGRM Net Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Hitachi MGRM Net 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 Hitachi MGRM Net Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2017 | 100123753 | Hdfc Bank Limited | ₹60 Cr | Open | |
| 08 Jun 2002 | 90054548 | Canara Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Hitachi MGRM Net Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Hitachi MGRM Net Limited has 13 court cases on record: 3 filed by Hitachi MGRM Net, 10 filed against it. 1 case is pending and 12 are disposed.
Total cases
13
Filed by the company
3
Filed against the company
10
Pending
1
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 9 | 1 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Idfc First Bank Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Idfc First Bank Limited | Disposed |
| District court, South, Delhi | Cheque dishonour complaint | Filed by the company against Vantage Integrated Security Solutions Pvt Ltd and 2 others | Disposed |
| High Court of Delhi | Writ petition | Filed against the company by Idfc First Bank Limited | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by Vantage Intergrated Security Solutions Pvt Ltd and Ors. | Disposed |
To see the full case history of Hitachi MGRM Net Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Hitachi MGRM Net Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 45 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Solus Security Systems Private Limited | |||
| Jil Information Technology Limited | |||
| Sun Integrated Technologies & Applications | |||
| Areteinfo Technologies Private Limited |
To see the full MSME payment records of Hitachi MGRM Net Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hitachi MGRM Net Limited has a workforce of 84 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
84
Active EPFO establishments
1
Employee growth
71.43%
GST
Hitachi MGRM Net has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
8
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCA3286H2ZR | Haryana | Active | 27 Mar 2020 |
| 07AACCA3286H1ZQ | Delhi | Active | 01 Jul 2017 |
| 05AACCA3286H1ZU | Uttarakhand | Active | 19 Dec 2019 |
| 10AACCA3286H1Z3 | Bihar | Active | 24 Feb 2022 |
To see the full GST registrations and return filing status of Hitachi MGRM Net Limited, buy the company report.
Recent activity
Hitachi MGRM Net Limited has 20 board changes on record since 1998: 15 appointments and 5 cessations. The latest: Subhash C Malhotra was appointed as Director on 20 Sep 2022.
AGM
Hitachi Mgrm Net Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hitachi Mgrm Net Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited of Rs. 60.00 Cr registered on 28 Jun 2017 with Charge ID 100123753 was modified on 03 Apr 2023.
Appointed
Subhash C Malhotra was appointed as Director.
Ceased
Jitendra Verma ceased to be Director.
Appointed
Surabhi Das Sharma was appointed as Director.
Appointed
Tarun Seth was appointed as Director.
Appointed
Hicham Abdessamad was appointed as Nominee Director.
Appointed
Ashwani Windlass was appointed as Director.
Ceased
Shatanjiw Dassharma ceased to be Director.
Appointed
Bharat Kaushal was appointed as Managing Director.
Appointed
Kojin Nakakita was appointed as Nominee Director.
16 earlier events are in the company report.
Frequently asked questions
Hitachi MGRM Net is an active public limited company based in Gurugram, Haryana, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 28 May 1998 (28+ years old) and is registered under CIN U74899HR1998PLC101561.
Hitachi MGRM Net has 10 current directors:
- Bharat Kaushal - Managing Director
- Surabhi Das Sharma - Director
- Srinivasagopalan Regunathan - Director
- Tarun Seth - Director
- Hicham Abdessamad - Nominee Director
- Ashwani Windlass - Director
- Muralidhar Komanduri - Director
- Kojin Nakakita - Nominee Director
- Komanduri Venkata Ramana Murthy - Director
- Subhash C Malhotra - Director
The latest financial statements of Hitachi MGRM Net on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hitachi MGRM Net is 06AACCA3286H2ZR, registered in Haryana. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 07AACCA3286H1ZQ (Delhi), 05AACCA3286H1ZU (Uttarakhand), 10AACCA3286H1Z3 (Bihar).
The CIN (Corporate Identification Number) of Hitachi MGRM Net is U74899HR1998PLC101561. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitachi MGRM Net has 13 court cases on record: 3 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.
Hitachi MGRM Net was incorporated on 28 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.
Subhash C Malhotra was appointed as Director on 20 Sep 2022. Jitendra Verma ceased to be Director on 28 Apr 2022. Surabhi Das Sharma was appointed as Director on 28 Apr 2022. Hitachi MGRM Net has 20 board changes on record in total.
Yes, Hitachi MGRM Net is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0011508).
Hitachi MGRM Net has 11 MSME Form 1 returns on record between 2020 and 2024, listing 45 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Hitachi MGRM Net can be reached through the website hitachimgrmnet.com. Its registered office is in Gurugram, Haryana, India.
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