About Mantra Softech (India) Private Limited
Data last updated: 17 February 2026
Mantra Softech (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It specialises in security products, a part of the broader manufacturing sector. Incorporated on 06 April 2006, the company has been in operation for over 20 years.
Registered with ROC Ahmedabad under CIN U72200GJ2006PTC048092.
Capital: an authorised share capital of ₹25 Cr and a paid-up capital of ₹16.73 Cr. It is led by directors including Hiren Bhandari and Bhavyen Bhandari.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: B – 203 2Nd Floor Shapath Hexa Nr. Gujarat High Court Opp. Kargil Petrol Pump S.G. Hig, Hway Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2025, the company reported a revenue of ₹429.12 Cr, a growth of 12% compared to the previous year.
The company has a workforce of approximately 505 employees as per the latest available data. Its group structure includes 3 subsidiaries.
The company is associated with 5 brands - Moreze, Mxface, Fitcircle, Mantra Softech, Mageid. As per MCA filings, the company has open charges of ₹190.06 Cr and satisfied charges of ₹2.85 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mantratec.com.
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Registered AddressB – 203 2Nd Floor Shapath Hexa Nr. Gujarat High Court Opp. Kargil Petrol Pump S.G. Hig, Hway Sola, Ahmedabad, Gujarat, India – 380060
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IndustryManufacturing, Security Products
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited operates multiple associated brands including Moreze, mxface, and FitCircle. These brands represent Mantra Softech (India) Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides self-service kiosks for efficient operations across multiple sectors. | moreze.com | |
| Offers AI-powered biometric and vehicle recognition technologies for authentication. | mxface.ai | |
| AI-powered fitness training and diet coaching apps are provided. | fitcircle.in | |
| Biometrics-based security and surveillance solutions are offered globally. | mantratec.com | |
| Video-based KYC solutions are delivered for various sectors. | mageid.com |
Competitors & Alternatives of Mantra Softech (India) Private Limited
Brands and companies operating in the same space as Mantra Softech (India) Private Limited include ComplyAdvantage, IDnow, Perfios and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
ComplyAdvantage
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Cloud-based anti-money laundering solutions are provided for compliance. | London, United Kingdom, United Kingdom | 2014 |
IDnow
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Automated and expert-led identity verification services are provided. | Munich, Germany, Germany | 2010 |
Perfios
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Provides financial technology solutions for data analysis and verification globally. | Bengaluru, India, India | 2008 |
Riskified
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AI-based fraud prevention for e-commerce payments is provided. | New York, United States, United States | 2013 |
Quantexa
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AI-powered data and decision intelligence solutions are provided for businesses. | London, United Kingdom, United Kingdom | 2016 |
Megvii
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Facial recognition and AI video analysis solutions are provided. | Beijing, China, China | 2011 |
IDfy
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Identity verification, background screening, and fraud prevention solutions are provided. | Mumbai, India, India | 2011 |
Signicat
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Software solutions for identity management are provided via APIs. | Trondheim, Norway, Norway | 2006 |
Yoti
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Identity verification solutions are provided for multiple industries digitally. | London, United Kingdom, United Kingdom | 2014 |
BitGo
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Crypto-based custody, trading, and lending services are provided to institutions. | Palo Alto, United States, United States | 2013 |
Business Activity of Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited is engaged in multiple principal business activities such as manufacturing, trade, and information and communication, with detailed activities including computer, electronic, communication and scientific measuring & control equipment, wholesale trading, other information & communication service activities. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
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| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details for Mantra Softech (India) Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited is audited by VIPUL KOTHARI AND CO for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIPUL KOTHARI AND CO | Locked | Locked | Locked |
Complete auditor history for Mantra Softech (India) Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited is currently managed by 5 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
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Hiren Bhandari
Also directs:
Mexcys Technovations Private Limited, Meshul Nextgen Pcb Private Limited, Mocula Optics Technologies Private Limited and 5 more
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Director | 06 Apr 2006 | 20 Years 3 Months | Current |
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Bhavyen Bhandari
Also directs:
Mexcys Technovations Private Limited, Meshul Nextgen Pcb Private Limited, Mupizo Payments Private Limited and 5 more
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Director | 06 Apr 2006 | 20 Years 3 Months | Current |
| Subhash Phoolchand Joshi | Director | 21 Jul 2025 | 1 Years 0 Months | Current |
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Vishal Katkoria
Also directs:
Mefron Technologies (India) Private Limited
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Nominee Director | 17 Sep 2025 | 0 Years 10 Months | Current |
| Mitin Chandanmal Jain | Nominee Director | 06 Aug 2025 | 0 Years 11 Months | Current |
Financials of Mantra Softech (India) Private Limited FY 2025 filings available
Mantra Softech (India) Private Limited reported revenue of ₹429.12 Cr (up 12.00% YoY) for FY 2025.
Ten-year financial statements for Mantra Softech (India) Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Mantra Softech (India) Private Limited
Shareholding and ownership data for Mantra Softech (India) Private Limited
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- Ownership categories
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Group Structure of Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited has 3 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Mantra Softech (India) Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Mewurk Technologies Private Limited | U72900GJ2021PTC123834 | Locked |
| Mantra Smart Identity Private Limited | U72900GJ2022PTC137933 | Locked |
| Mantra Initiatives Csr Foundation | U85300GJ2021NPL127554 | Locked |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Mantra Softech (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Sep 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Open |
| 29 Mar 2024 | Hdfc Bank Limited | ₹55 Cr | Open |
| 11 Sep 2023 | Others | ₹40 Cr | Open |
| 13 Nov 2019 | Others | ₹30 Cr | Open |
| 06 May 2009 | Others | ₹50.06 Cr | Open |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited has a workforce of 505 employees as of Oct 05, 2024.
Employee and EPFO history for Mantra Softech (India) Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Mantra Softech (India) Private Limited
GST registrations and filing compliance for Mantra Softech (India) Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Mantra Softech (India) Private Limited
Credit ratings, litigation, and regulatory alerts for Mantra Softech (India) Private Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Mantra Softech (India) Private Limited
MSME payment history for Mantra Softech (India) Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
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Subsidiaries & Group Companies of Mantra Softech (India) Private Limited
Corporate group structure for Mantra Softech (India) Private Limited
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MCA Filings & Documents of Mantra Softech (India) Private Limited
MCA filings and documents for Mantra Softech (India) Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Mantra Softech (India) Private Limited
Recent News on Mantra Softech (India) Private Limited
Frequently Asked Questions about Mantra Softech (India) Private Limited
Mantra Softech (India) Private Limited is an active private limited company in the manufacturing sector based in Ahmedabad, Gujarat, India. It was incorporated on 06 April 2006 (20+ years old) and is registered under CIN U72200GJ2006PTC048092. The company has 505 employees.
Mantra Softech (India) Private Limited reported revenue of ₹429.12 Cr for FY 2025 (up 12.00% YoY).
The current directors of Mantra Softech (India) Private Limited are:
- Hiren Bhandari - Director
- Bhavyen Bhandari - Director
- Subhash Phoolchand Joshi - Director
- Vishal Katkoria - Nominee Director
- Mitin Chandanmal Jain - Nominee Director
The primary industry of Mantra Softech (India) Private Limited is manufacturing. The company specifically operates in security products. The company is currently active in this sector.
Mantra Softech (India) Private Limited can be reached at the registered office: B – 203 2Nd Floor Shapath Hexa Nr. Gujarat High Court Opp. Kargil Petrol Pump S.G. Hig, Hway Sola, Ahmedabad, Gujarat, India – 380060, or through the website mantratec.com.
The authorised capital is ₹25 Cr, and the paid-up capital is ₹16.73 Cr.