About Mad Street Den Systems Private Limited
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Mad Street Den Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73200KA2013PTC070694. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹8.55 Lakh and a paid-up capital of ₹7.75 Lakh. It is led by directors Ashwini Asokan (Whole-Time Director) and Anand Chandrasekaran.
Its last annual general meeting (AGM) was held on 02 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 706 Ferns Paradise Off Outer Ring Road Doddanekundi, Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.29 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹1.64 Lakh (net margin -127.3%) and EBITDA of -₹1.64 Lakh (EBITDA margin -127.3%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 34% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mad Street Den. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹20.21 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madstreetden.com.
Company details
Contact details
Mad Street Den Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is madstreetden.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 706 Ferns Paradise Off Outer Ring Road Doddanekundi, Bangalore, Karnataka, India – 560037
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Mad Street Den Systems 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
Mad Street Den Systems operates one associated brand: Mad Street Den. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Computer vision and AI-based visual search solutions are provided. | madstreetden.com |
Financials of Mad Street Den Systems Private Limited
FY 2024 filings availableMad Street Den Systems Private Limited reported revenue of ₹1.29 Lakh (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 34%. EBITDA fell 794% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.64 Lakh | ||||
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| Net Profit (PAT) | -₹1.64 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -127.3% | ||||
| Net Profit Margin | -127.3% | ||||
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To see the full financial statements and ratios of Mad Street Den Systems Private Limited, buy the company report.
Board of directors of Mad Street Den Systems Private Limited
Mad Street Den Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Chandrasekaran | Director | 27 Aug 2013 | 13 Years 2 Months | Current |
| Ashwini Asokan Also directs: Madstreet Den Technologies Private Limited | Whole-Time Director | 24 Nov 2014 | 11 Years 11 Months | Current |
Auditor
Mad Street Den Systems Private Limited is audited by PAA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAA & ASSOCIATES | FY 2023 | 015919S |
Shareholding
The shareholding of Mad Street Den Systems 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 Mad Street Den Systems Private Limited, buy the company report.
Deals & funding
Mad Street Den Systems Private Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹20.21 Cr; the latest was in March 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Jul 2016 | Funding round · Series A | ₹10.83 Cr | Investors: Exfinity Venture Partners |
| Jun 2016 | Funding round · Seed | ₹30.5 Lakh | Investors: an individual |
To see the full deal history of Mad Street Den Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Mad Street Den Systems 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 Mad Street Den Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mad Street Den Systems Private Limited has a workforce of 23 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Mad Street Den Systems has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mad Street Den Systems Private Limited, buy the company report.
Recent activity
Mad Street Den Systems Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Sheetal Bahl ceased to be Director on 09 Jul 2021.
News
Frequently asked questions
Mad Street Den Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 August 2013 (13+ years old) and is registered under CIN U73200KA2013PTC070694.
Mad Street Den Systems has 2 current directors:
- Ashwini Asokan - Whole-Time Director
- Anand Chandrasekaran - Director
The latest financial statements of Mad Street Den Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 02 August 2024. Year-wise statements from 2015 are in the company report.
No. Mad Street Den Systems has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Mad Street Den Systems is U73200KA2013PTC070694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mad Street Den Systems was incorporated on 27 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Mad Street Den Systems has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹20.21 Cr; the latest was in March 2023.
Sheetal Bahl ceased to be Director on 09 Jul 2021. Chandrasekaran Thandalai Radhakrishnan ceased to be Director on 29 Apr 2019. Deepak Natraj Ramamurthi ceased to be Additional Director on 30 Sep 2016. Mad Street Den Systems has 6 board changes on record in total.
Mad Street Den Systems can be reached through the website madstreetden.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mad Street Den Systems is at No. 706 Ferns Paradise Off Outer Ring Road Doddanekundi, Bangalore, Karnataka, India – 560037.
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