About Majestic Research Services and Solutions Limited
Data last updated:
Majestic Research Services and Solutions Limited is a public limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 02 May 2012.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L72200KA2012PLC063818. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but trading in its shares on BSE (539229) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.03 Cr. It was formerly known as Majestic Research Services and Solutions Private Limited. It is led by directors including Sarang Jayant Panchal (Managing Director) and Rajendra Kumar Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 2nd Floor Kalpak Arcade No. 46/17 Church Street, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2019, the company reported a revenue of ₹56.37 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹10.8 Cr (net margin 19.2%) and EBITDA of ₹21.19 Cr (EBITDA margin 37.6%). Revenue has grown at a compounded annual rate (CAGR) of 78% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Majestic Research Services And Solution. As per MCA filings, the company has open charges of ₹13.5 Cr and satisfied charges of ₹1 Cr on record. Court records list 22 cases involving the company, including 4 filed by the company and 18 filed against it; 9 cases are pending. The company has 20 deals on record (18 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹9.91 Cr; the latest was in August 2021.
The last known website on record is mrssindia.com.
Company details
CIN history
Majestic Research Services and Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72200KA2012PLC063818, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72200KA2012PLC063818 | Current |
| U72200KA2012PLC063818 | Previous |
| U72200KA2012PTC063818 | Previous |
Contact details
Majestic Research Services and Solutions Limited's registered office is in Bangalore, Karnataka. Its website is mrssindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Kalpak Arcade No. 46/17 Church Street, Bangalore, Karnataka, India – 560001
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Majestic Research Services and Solutions 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
Majestic Research Services and Solutions operates one associated brand: Majestic Research Services And Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of market research services | mrssindia.com |
Business activity
The main business activity of Majestic Research Services and Solutions is professional, scientific and technical. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Majestic Research Services and Solutions Limited, buy the company report.
Financials of Majestic Research Services and Solutions Limited
FY 2019 filings availableMajestic Research Services and Solutions Limited reported revenue of ₹56.37 Cr (down 2% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 78%. 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹56.37 Cr | ||||
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| EBITDA | ₹21.19 Cr | ||||
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| Net Profit (PAT) | ₹10.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37.6% | ||||
| Net Profit Margin | 19.2% | ||||
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To see the full financial statements and ratios of Majestic Research Services and Solutions Limited, buy the company report.
Board of directors and KMP of Majestic Research Services and Solutions Limited
Majestic Research Services and Solutions Limited currently reports 5 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rupesh Bhujbal Pandurang | Director | 11 Aug 2014 | 12 Years 3 Months | As last reported |
| Rajesh Dharambir Oberoi | Director | 18 May 2015 | 11 Years 5 Months | As last reported |
| Sarang Jayant Panchal | Managing Director | 13 Jun 2014 | 12 Years 5 Months | As last reported |
| Rajendra Kumar Sharma Also directs: Focus Suites Solutions & Services Limited | Whole-Time Director | 13 Jun 2014 | 12 Years 5 Months | As last reported |
| Ritu Gupta | Director | 29 Dec 2017 | 8 Years 10 Months | As last reported |
| Manish Baid | Company Secretary | 10 May 2019 | 7 Years 6 Months | As last reported |
Auditor
Majestic Research Services and Solutions Limited is audited by S D MEHTA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S D MEHTA & CO | FY 2019 | 137193W |
Shareholding
The shareholding of Majestic Research Services and Solutions Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Majestic Research Services and Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2017 | 100102229 | Axis Bank Limited | ₹6.75 Cr | Open | |
| 25 Apr 2017 | 100098122 | Axis Bank Limited | ₹6.75 Cr | Open | |
| 12 Nov 2014 | 10548214 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Majestic Research Services and Solutions Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Majestic Research Services and Solutions Limited has 20 deals on record (18 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹9.91 Cr; the latest was in August 2021.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Market trade | ₹10.6 Lakh | Buyer: Seraphim Ventures Private Limited Seller: an individual |
| Jan 2019 | Market trade | ₹25.4 Lakh | Seller: Rikhav Securities Limited |
| Nov 2016 | Market trade | ₹71.6 Lakh | Buyer: an individual Seller: Ecap Securities and Investments Limited |
| Oct 2015 | Market trade | ₹18.2 Lakh | Seller: Choice Equity Broking Private Limited |
| Aug 2015 | Market trade | ₹33.1 Lakh | Buyer: Choice Equity Broking Private Limited Seller: Choice Equity Broking Private Limited |
To see the full deal history of Majestic Research Services and Solutions 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
Majestic Research Services and Solutions Limited has 22 court cases on record: 4 filed by Majestic Research Services and Solutions, 18 filed against it. 9 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 8 |
| NCLT | 4 | 1 | 0 |
| High courts | 3 | 2 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Indiabulls Consumer Finance Ltd | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Aditya Birla Finance Limited | Disposed |
| District court, North West, Delhi | Revision petition | Filed against the company by Arb Research Pvt Ltd | Disposed |
To see the full case history of Majestic Research Services and Solutions 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
No delayed payments to MSME suppliers are on our record for Majestic Research Services and Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Majestic Research Services and Solutions Limited has a workforce of 2 employees on its EPFO records as of Feb 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 2 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Majestic Research Services and Solutions Limited, buy the company report.
GST
Majestic Research Services and Solutions 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 Majestic Research Services and Solutions Limited, buy the company report.
Recent activity
Majestic Research Services and Solutions Limited has 22 board changes on record since 2012: 14 appointments and 8 cessations. The latest: Vineeta Pradeep Kabra ceased to be Irp/Rp/Liquidator on 30 Oct 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Majestic Research Services and Solutions is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Majestic Research Services and Solutions is a company under insolvency, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 02 May 2012 and is registered under CIN L72200KA2012PLC063818. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Majestic Research Services and Solutions has 6 current directors and KMP:
- Sarang Jayant Panchal - Managing Director
- Rajendra Kumar Sharma - Whole-Time Director
- Rupesh Bhujbal Pandurang - Director
- Rajesh Dharambir Oberoi - Director
- Ritu Gupta - Director
- Manish Baid - Company Secretary
The latest financial statements of Majestic Research Services and Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Majestic Research Services and Solutions is L72200KA2012PLC063818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Majestic Research Services and Solutions is recorded as a listed company by MCA, but trading in its shares on BSE (539229) has been suspended, so they do not currently trade on a stock exchange.
Majestic Research Services and Solutions has open charges of ₹13.5 Cr and satisfied charges of ₹1 Cr as per latest MCA filings.
Majestic Research Services and Solutions has 22 court cases on record: 4 filed by the company and 18 filed against it. 9 are pending. Most are in the district courts.
Majestic Research Services and Solutions was incorporated on 02 May 2012. It is registered with the Registrar of Companies, Bangalore.
Majestic Research Services and Solutions has 20 deals on record (18 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹9.91 Cr; the latest was in August 2021.
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