MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0016935
Mantra Softech (India) Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹423.77 Cr
▲ 12% YoY
Net profit · FY 2025
₹55.75 Cr
Net margin 13.2%
EBITDA · FY 2025
₹90.55 Cr
EBITDA margin 21.4%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹16.73 Cr
Issued & subscribed
Open charges
₹150.06 Cr
Satisfied ₹42.85 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
505
Provident fund records
About Mantra Softech (India) Private Limited
Data last updated:
Mantra Softech (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the security products segment of the manufacturing sector. It was incorporated on 06 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2006PTC048092. Its GSTIN is 24AAECM6360N1Z6 (Gujarat). The company holds 9 GST registrations, of which 7 are active.
The company has 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.
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 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 ₹423.77 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹55.75 Cr (net margin 13.2%) and EBITDA of ₹90.55 Cr (EBITDA margin 21.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years.
The company has about 505 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 5 brands: Moreze, Mxface, FitCircle, Mantra Softech and MageID. As per MCA filings, the company has open charges of ₹150.06 Cr and satisfied charges of ₹42.85 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 2 cases are pending. The company has 8 deals on record (6 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹126.67 Cr; the latest was in November 2025. The company has 12 MSME Form 1 returns on record between 2014 and 2022, listing 877 overdue payments to 16 micro and small suppliers.
Mantra Softech (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0016935). 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.
Company details
CIN U72200GJ2006PTC048092
Registration Number 048092
Incorporation Date 06 April 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0016935
Recognitions & Rankings of Mantra Softech (India)
Contact details
Mantra Softech (India) Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mantratec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 203 2nd Floor Shapath Hexa Nr. Gujarat High Court Opp. Kargil Petrol Pump S.G. Hig, Hway Sola, Ahmedabad, Gujarat, India – 380060
- IndustryManufacturing, Security Products
To see the full contact details of Mantra Softech (India) Private Limited, buy the company report.
Comprehensive company report
Mantra Softech (India) Private 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
Mantra Softech (India) operates multiple associated brands including Moreze, mxface, and FitCircle. Each brand links to its own profile.
| 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 |
Business activity
The main business activities of Mantra Softech (India) are manufacturing, trade and information and communication. In detail, this covers computer, electronic, communication and scientific measuring & control equipment, wholesale trading and other information & communication service activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | |
| G | Trade | G1 | Wholesale Trading | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Mantra Softech (India) Private Limited, buy the company report.
Financials of Mantra Softech (India) Private Limited
FY 2025 filings availableMantra Softech (India) Private Limited reported revenue of ₹423.77 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹423.77 Cr ▲ 12%
Net profit · FY 2025
₹55.75 Cr margin 13.2%
EBITDA · FY 2025
₹90.55 Cr margin 21.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 22% over three years, including 12% growth in the latest year. EBITDA rose 24% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹423.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹90.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹55.75 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.4% | ||||
| Net Profit Margin | 13.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mantra Softech (India) Private Limited, buy the company report.
Board of directors of Mantra Softech (India) Private Limited
Mantra Softech (India) has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiren Bhandari Also directs: Mexcys Technovations Private Limited, Meshul Nextgen PCB Private Limited, Mocula Optics Technologies Private Limited and 5 more | Director | 06 Apr 2006 | 20 Years 6 Months | Current |
| Bhavyen Bhandari Also directs: Mexcys Technovations Private Limited, Meshul Nextgen PCB Private Limited, Mupizo Payments Private Limited and 5 more | Director | 06 Apr 2006 | 20 Years 6 Months | Current |
| Subhash Phoolchand Joshi | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Vishal Katkoria Also directs: Mefron Technologies (India) Private Limited | Nominee Director | 17 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Mantra Softech (India) Private Limited is audited by VIPUL KOTHARI AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIPUL KOTHARI AND CO | FY 2023 | 117536W |
Shareholding
The shareholding of Mantra Softech (India) 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 Mantra Softech (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹150.06 Cr
Satisfied charges
₹42.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2025 | 101162850 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Open | |
| 29 Mar 2024 | 100897166 | Hdfc Bank Limited | ₹55 Cr | Open | |
| 13 Nov 2019 | 100303961 | Others | ₹30 Cr | Open | |
| 06 May 2009 | 10155440 | Others | ₹50.06 Cr | Open | |
| 26 Oct 2023 | 100815641 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Mantra Softech (India) Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Mantra Softech (India) Private Limited has 8 deals on record (6 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹126.67 Cr; the latest was in November 2025.
Total deals
8
Funding rounds
6
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹126.67 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Funding round | ₹125 Cr | Investors: India SME Investments, an individual |
| Mar 2017 | Rights issue | ₹80 Lakh | Investors: 2 individuals |
| Mar 2012 | Funding round | ₹60.4 Lakh | Investors: 4 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2011 | Funding round | ₹21.8 Lakh | Investors: 2 individuals |
To see the full deal history of Mantra Softech (India) 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
Mantra Softech (India) Private Limited has 6 court cases on record: 4 filed by Mantra Softech (India), 2 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Kedia Technologies Limited and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against an individual | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against The State of Madhya Pradesh | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India, | Disposed |
To see the full case history of Mantra Softech (India) Private 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.
Credit ratings & regulatory alerts
Mantra Softech (India) Private Limited was last rated by Care on 27 Dec 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Dec 2022 |
To see the full credit ratings and regulatory alerts of Mantra Softech (India) Private Limited, buy the company report.
MSME payment delays
Mantra Softech (India) Private Limited has 12 MSME Form 1 returns on record between 2014 and 2022, listing 877 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mark Positive Print Graphics Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Earth Syscom Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Mantra Softech (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mantra Softech (India) has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Mewurk Technologies Private Limited | U72900GJ2021PTC123834 | |
| Mantra Smart Identity Private Limited | U72900GJ2022PTC137933 | |
| Mantra Initiatives CSR Foundation | U85300GJ2021NPL127554 |
To see the full group structure of Mantra Softech (India) Private Limited, buy the company report.
Employees & EPFO
Mantra Softech (India) Private Limited has a workforce of 505 employees on its EPFO records as of Oct 05, 2024, across 1 active EPFO establishment.
Employee count
505
Active EPFO establishments
1
Employee growth
25%
GST
Mantra Softech (India) has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
7
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM6360N1Z6 | Gujarat | Active | 01 Jul 2017 |
| 07AAECM6360N1Z2 | Delhi | Active | 01 Jul 2017 |
| 08AAECM6360N1Z0 | Rajasthan | Active | 01 Jul 2017 |
| 27AAECM6360N1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mantra Softech (India) Private Limited, buy the company report.
Recent activity
Mantra Softech (India) Private Limited has 6 board changes on record since 2006: 5 appointments and 1 cessation. The latest: Vishal Katkoria was appointed as Nominee Director on 17 Sep 2025.
Charges
A charge registered on 11 Sep 2023 via Charge ID 100782744 with Others was fully satisfied on 11 Aug 2026.
AGM
Mantra Softech (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 15.00 Cr with Charge ID 101162850 was registered on 19 Sep 2025.
Appointed
Vishal Katkoria was appointed as Nominee Director.
Charges
A charge with Others of Rs. 30.00 Cr registered on 13 Nov 2019 with Charge ID 100303961 was modified on 06 Aug 2025.
Appointed
Subhash Phoolchand Joshi was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 55.00 Cr registered on 29 Mar 2024 with Charge ID 100897166 was modified on 15 Apr 2025.
Filing
Mantra Softech (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 26 Oct 2023 via Charge ID 100815641 with Others was fully satisfied on 09 Sep 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 55.00 Cr with Charge ID 100897166 was registered on 29 Mar 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100815641 was registered on 26 Oct 2023.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100782744 was registered on 11 Sep 2023.
12 earlier events are in the company report.
News
Frequently asked questions
Mantra Softech (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in security products, within the manufacturing industry. It was incorporated on 06 April 2006 (20+ years old) and is registered under CIN U72200GJ2006PTC048092.
Mantra Softech (India) has 4 current directors:
- Hiren Bhandari - Director
- Bhavyen Bhandari - Director
- Subhash Phoolchand Joshi - Director
- Vishal Katkoria - Nominee Director
The latest financial statements of Mantra Softech (India) 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 Mantra Softech (India) is 24AAECM6360N1Z6, registered in Gujarat. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAECM6360N1Z2 (Delhi), 08AAECM6360N1Z0 (Rajasthan), 27AAECM6360N1Z0 (Maharashtra).
The CIN (Corporate Identification Number) of Mantra Softech (India) is U72200GJ2006PTC048092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mantra Softech (India) has 6 court cases on record: 4 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Mantra Softech (India) was incorporated on 06 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mantra Softech (India) has 8 deals on record (6 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹126.67 Cr; the latest was in November 2025.
Vishal Katkoria was appointed as Nominee Director on 17 Sep 2025. Subhash Phoolchand Joshi was appointed as Director on 21 Jul 2025. Praveena Bhandari ceased to be Director on 16 Jan 2019. Mantra Softech (India) has 6 board changes on record in total.
Yes, Mantra Softech (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0016935).
Mantra Softech (India) has 12 MSME Form 1 returns on record between 2014 and 2022, listing 877 overdue payments to 16 micro and small suppliers. The latest return was filed on 30 Apr 2022.