Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U33005MH1996PTC099218 Incorporated 01 May 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Under Liquidation Private Limited Company information technology
Data last updated
Revenue · FY 2022
₹1.62 Lakh
▼ 50% YoY
Net loss · FY 2022
₹8.53 Lakh
Latest filing
EBITDA · FY 2022
-₹8.29 Lakh
Latest filing
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹35.4 Cr
Issued & subscribed
Open charges
₹55.2 Cr
Satisfied ₹49.05 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
144
Provident fund records

About Mahabali Innovative Technologies Private Limited

Data last updated:

Mahabali Innovative Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 01 May 1996.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33005MH1996PTC099218. Its GSTIN is 05AACCM6709P1Z3 (Uttarakhand). The company holds 8 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹35.4 Cr. It was formerly known as Monarch Innovative Technologies Private Limited and Monarch Computers Private Limited. It is led by directors including Viren Nanji Satra (Managing Director) and Rakesh Kumar Jindal (Irp/Rp/Liquidator).

Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Monarch House Mastermind Iiaarey Milk Colony Mayur Nagar Goregaon (E), Mumbai, Maharashtra, India – 400065.

As per the financials filed for FY 2022, the company reported a revenue of ₹1.62 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹8.53 Lakh and EBITDA of -₹8.29 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 79% over three years and 76% over five years.

The company has about 144 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹55.2 Cr and satisfied charges of ₹49.05 Cr on record. Court records list 216 cases involving the company, including 206 filed by the company and 5 filed against it; 2 cases are pending. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹25 Cr; the latest was in March 2017. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Yash IT Solutions Private Limited with revenue of ₹1.66 Lakh.

The last known website on record is monarchinnovative.com.

Company Details of Mahabali Innovative Technologies Private Limited
CIN U33005MH1996PTC099218
Registration Number 099218
Incorporation Date 01 May 1996
ROC Mumbai
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Non-Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    Monarch House Mastermind Iiaarey Milk Colony Mayur Nagar Goregaon (E), Mumbai, Maharashtra, India – 400065
  • Industry
    Information Technology, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Mahabali Innovative Technologies Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Mahabali Innovative Technologies Private Limited FY 2022 filings available

Mahabali Innovative Technologies Private Limited reported revenue of ₹1.62 Lakh (down 50% YoY) for FY 2022.

Revenue · FY 2022
₹1.62 Lakh ▼ 50%
Net loss · FY 2022
₹8.53 Lakh
EBITDA · FY 2022
-₹8.29 Lakh

Compounded Annual Growth Rate (CAGR) of Mahabali Innovative Technologies Private Limited

Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 79%
5 years · compounded
▼ 76%
EBITDA CAGR growth
1 year
▲ 97%
3 years · compounded
▲ 51%
5 years · compounded
▼ 28%

Revenue has declined at a compounded annual rate (CAGR) of 76% over five years, including a 50% fall in the latest year. EBITDA rose 97% 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 of Mahabali Innovative Technologies Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹1.62 Lakh••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹8.29 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹8.53 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 of Mahabali Innovative Technologies Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin••••••••••••••••••••
Net Profit Margin••••••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mahabali Innovative Technologies are in the company report.

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Financial statements from 2015

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Peer Comparison of Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Yash IT Solutions Private Limited₹1.66 Lakh (FY 2018)••••••••-78.0%••••New Delhi, Delhi, India
Digiventive Solutions Private Limited₹1.65 Lakh (FY 2025)••••••••••••Pune, Maharashtra, India
Wih Private Limited₹1.64 Lakh (FY 2022)••••••••12.0%••••New Delhi, Delhi, India
Ocimum Bio Solutions (India) Limited₹1.63 Lakh (FY 2025)••••••••353.0%••••Hyderabad, Telangana, India
Teemteem Private Limited₹1.63 Lakh (FY 2024)••••••••82.0%••••Chittorgarh, Rajasthan, India
Mahabali Innovative Technologies Private Limited this company₹1.62 Lakh (FY 2022)••••••••-50.0%••••Mumbai, Maharashtra, India
Kams Compsoft Private Limited₹1.62 Lakh (FY 2025)••••••••32301.0%••••Mumbai, Maharashtra, India
Shresth Tech Solutions Limited₹1.62 Lakh (FY 2023)••••••••14.0%••••Mumbai, Maharashtra, India
Chathurv Technologies Private Limited₹1.62 Lakh (FY 2023)••••••••14.0%••••Bangalore, Karnataka, India
Evolvescape (India) Pvt Ltd₹1.61 Lakh (FY 2020)••••••••-3.0%••••Kolkata, West Bengal, India
Marwadi Techtonics Private Limited₹1.61 Lakh (FY 2025)••••••••-26.0%••••Rajkot, Gujarat, India

Peers are the five companies nearest above and the five nearest below Mahabali Innovative Technologies by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies Private Limited is audited by Milind Mehta & Co for the financial year 2022.

NameStatusAppointment DateCessation Date
Milind Mehta & CoLockedLockedLocked
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Board of Directors of Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Rakesh Kumar JindalIrp/Rp/Liquidator24 Jan 20242 Years 8 MonthsAs last reported
Babulal Bhanji SatraDirector30 Mar 201511 Years 6 MonthsAs last reported
Viren Nanji SatraManaging Director01 May 199630 Years 5 MonthsAs last reported

Ownership and Shareholding of Mahabali Innovative Technologies Private Limited

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Charges & Borrowings of Mahabali Innovative Technologies Private Limited

Open charges
₹55.2 Cr
Satisfied charges
₹49.05 Cr
Breakdown by lending institutions
Small Industries Development Bank of India₹27.70 Cr
Idbi Bank Limited₹27.50 Cr
Latest charge details
DateLenderAmountStatus
07 May 2012Small Industries Development Bank of India₹5 CrOpen
07 May 2012Small Industries Development Bank of India₹5 CrOpen
10 Apr 2012Small Industries Development Bank of India₹7.7 CrOpen
10 Apr 2012Small Industries Development Bank of India₹2.3 CrOpen
09 Mar 2012Small Industries Development Bank of India₹7.7 CrOpen

Total charge records: 13 View all charges

Deals & Funding of Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹25 Cr; the latest was in March 2017.

Total deals
8
Secondary share transfers
7
Funding round
1
Disclosed funding
₹25 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Mar 2017Secondary share transferUndisclosedBuyer: Visagar Financial Services Limited
Seller: Kalaari Capital
Sep 2015Secondary share transferUndisclosedBuyer: Babubhai Satra Huf, an individual
Seller: 2 individuals
Sep 2014Secondary share transferUndisclosedBuyer: an individual
Seller: Babubhai Bhanji Satra(Huf)
Sep 2010Funding round₹25 CrInvestors: Kalaari Capital
Sep 2008Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies Private Limited has a workforce of 144 employees as of Apr 09, 2024.

Employee count
144
Active EPFO establishments
1
Employee growth
5.11%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Name History of Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies has undergone 2 name changes throughout its history. The company was previously known as Monarch Innovative Technologies Private Limited, and Monarch Computers Private Limited. The current legal name is Mahabali Innovative Technologies Private Limited.

Company NameStatus
Mahabali Innovative Technologies Private LimitedCurrent
Monarch Innovative Technologies Private LimitedPrevious
Monarch Computers Private LimitedPrevious

Recent Activity on Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies Private Limited has 8 board changes on record since 1996: 3 appointments and 5 cessations. The latest: Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator on 24 Jan 2024.

Appointed
Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator.
AGM
Mahabali Innovative Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Mahabali Innovative Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.
Ceased
Babulal Bhanji Satra ceased to be Additional Director.
Appointed
Babulal Bhanji Satra was appointed as Director.
Ceased
Shailesh Premjibhai Chheda ceased to be Director.
Ceased
Hina Viren Satra ceased to be Director.
Ceased
Kumar Shiralagi ceased to be Nominee Director.
Charges
A charge with Idbi Bank Limited of Rs. 27.50 Cr registered on 13 May 2010 with Charge ID 10224348 was modified on 05 Feb 2013.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 5.00 Cr with Charge ID 10353865 was registered on 07 May 2012.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 5.00 Cr with Charge ID 10353870 was registered on 07 May 2012.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 7.70 Cr with Charge ID 10346695 was registered on 10 Apr 2012.

25 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Mahabali Innovative Technologies Private Limited

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MSME Payment Delays by Mahabali Innovative Technologies Private Limited

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Subsidiaries & Group Companies of Mahabali Innovative Technologies Private Limited

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GST Compliance of Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies has 8 GST registrations: 2 active and 6 cancelled or inactive.

Total GSTINs
8
Active
2
Cancelled / inactive
6
GSTINStateStatusRegistered on
05AACCM6709P1Z3UttarakhandActive01 Jul 2017
36AACCM6709P1ZYTelanganaActive01 Jul 2017
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GST registrations and filing compliance

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MCA Filings & Documents of Mahabali Innovative Technologies Private Limited

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Frequently Asked Questions about Mahabali Innovative Technologies Private Limited

Mahabali Innovative Technologies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.

Mahabali Innovative Technologies is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 01 May 1996 and is registered under CIN U33005MH1996PTC099218. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Mahabali Innovative Technologies reported revenue of ₹1.62 Lakh for FY 2022 (down 50% YoY).

Mahabali Innovative Technologies has 3 current directors:

Mahabali Innovative Technologies reported a net loss of ₹8.53 Lakh and EBITDA of -₹8.29 Lakh for FY 2022, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Mahabali Innovative Technologies is -79% over three years and -76% over five years. In the latest year (FY 2022) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Mahabali Innovative Technologies is U33005MH1996PTC099218. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mahabali Innovative Technologies has open charges of ₹55.2 Cr and satisfied charges of ₹49.05 Cr as per latest MCA filings.

Mahabali Innovative Technologies has 216 court cases on record: 206 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.

Mahabali Innovative Technologies was incorporated on 01 May 1996. It is registered with the Registrar of Companies, Mumbai.

Mahabali Innovative Technologies has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹25 Cr; the latest was in March 2017.

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