MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0036406
Mara Studios Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹66.04 Cr
▼ 32% YoY
Net profit · FY 2024
₹5.76 Cr
Net margin 8.7%
EBITDA · FY 2024
₹7.62 Cr
EBITDA margin 11.5%
Authorised capital
₹2.5 Lakh
Registered with MCA
Paid-up capital
₹2.33 Lakh
Issued & subscribed
Satisfied charges
₹6 Cr
No open charges
Company age
11 yrs
Est. 2015
Employees · EPFO
163
Provident fund records
About Mara Studios Private Limited
Data last updated:
Mara Studios Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Mara Labs Inc. Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015FTC104823. Its GSTIN is 29AAJCM8822G1Z3 (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Lakh and a paid-up capital of ₹2.33 Lakh. It is led by directors including Geet Garg and Raju Aravindhan.
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 No. 87 148 1st Cross 2nd Main Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.04 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹5.76 Cr (net margin 8.7%) and EBITDA of ₹7.62 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 19% over five years.
The company has about 163 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Locus. As per MCA filings, the company has satisfied charges of ₹6 Cr on record. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹20.93 Cr; the latest was in July 2021. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Bangalore Fox Technology Center Private Limited with revenue of ₹66.39 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier.
Mara Studios Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0036406). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website locus.sh.
Company details
CIN U72200KA2015FTC104823
Registration Number 104823
Incorporation Date 16 July 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Mara Labs Inc. Usa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0036406
CIN history
Mara Studios has one previous CIN (Corporate Identification Number): U72200DL2015FTC282884. The current CIN is U72200KA2015FTC104823, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2015FTC104823 | Current |
| U72200DL2015FTC282884 | Previous |
Recognitions & Rankings of Mara Studios
Contact details
Mara Studios Private Limited's registered office is in Bangalore, Karnataka. Its website is locus.sh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 87 148 1st Cross 2nd Main Koramangala, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Mara Studios Private Limited, buy the company report.
Comprehensive company report
Mara Studios 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Mara Studios is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Mara Studios Private Limited, buy the company report.
Financials of Mara Studios Private Limited
FY 2025 filings availableMara Studios Private Limited reported revenue of ₹66.04 Cr (down 32% YoY) for FY 2024.
Revenue · FY 2024
₹66.04 Cr ▼ 32%
Net profit · FY 2024
₹5.76 Cr margin 8.7%
EBITDA · FY 2024
₹7.62 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 10%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 473%
3 years · compounded
▲ 99%
5 years · compounded
▲ 20%
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 473% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.76 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 8.7% | ||||
| 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 Mara Studios Private Limited, buy the company report.
Board of directors of Mara Studios Private Limited
Mara Studios has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geet Garg | Director | 16 Jul 2015 | 11 Years 3 Months | Current |
| Raju Aravindhan Also directs: Ingka Services LLP | Additional Director | 01 Oct 2025 | 1 Years 0 Months | Current |
| Nitika Redhu Also directs: Saimaa Solar Private Limited | Additional Director | 01 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Mara Studios Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bangalore Fox Technology Center Private Limited | ₹66.39 Cr (FY 2024) | 25.0% | Bangalore, Karnataka, India | |||
| Indusface Private Limited | ₹66.34 Cr (FY 2025) | 10.0% | Vadodara, Gujarat, India | |||
| Biogen Capability Center India Private Limited | ₹66.34 Cr (FY 2025) | 220.0% | Bangalore, Karnataka, India | |||
| Automationedge Technologies Private Limited | ₹66.32 Cr (FY 2025) | 28.0% | Pune, Maharashtra, India | |||
| Getronics Solutions India Private Limited | ₹66.28 Cr (FY 2024) | 29.0% | Bangalore, Karnataka, India | |||
| Mara Studios Private Limitedthis company | ₹66.04 Cr (FY 2024) | ₹5.76 Cr | 8.7% | -32.0% | 163 | Bangalore, Karnataka, India |
| Abjayon Consultancy Private Limited | ₹65.99 Cr (FY 2024) | 1.0% | Hyderabad, Telangana, India | |||
| Mantle Solutions Private Limited | ₹65.98 Cr (FY 2025) | 35.0% | Kochi, Kerala, India | |||
| Enverus India Private Limited | ₹65.94 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Avacend Solutions Private Limited | ₹65.94 Cr (FY 2025) | -15.0% | Chennai, Tamil Nadu, India | |||
| NTT Data Business Solutions India Private Limited | ₹65.79 Cr (FY 2020) | 101.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mara Studios Private Limited, buy the company report.
Auditor
Mara Studios Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Mara Studios 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 Mara Studios Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Aug 2020 | 100357398 | Hdfc Bank Limited | ₹6 Cr | Satisfied |
To see the full charge records of Mara Studios Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mara Studios Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹20.93 Cr; the latest was in July 2021.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹20.93 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Rights issue | ₹70.17 Cr | Investors: Mara Labs Inc. |
| Oct 2017 | Funding round | ₹20.93 Cr | Investors: Exfinity Venture Partners, DSP Core Services Private Limited , Blume Ventures |
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 Mara Studios 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
Mara Studios Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VV Finly Technology Private Limited |
To see the full MSME payment records of Mara Studios Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mara Studios has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Loginity Private Limited | U74999KA2020PTC135739 |
To see the full group structure of Mara Studios Private Limited, buy the company report.
Employees & EPFO
Mara Studios Private Limited has a workforce of 163 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
163
Active EPFO establishments
1
Employee growth
-36.33%
GST
Mara Studios has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCM8822G1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mara Studios Private Limited, buy the company report.
Recent activity
Mara Studios Private Limited has 8 board changes on record since 2015: 5 appointments and 3 cessations. The latest: Nitika Redhu was appointed as Additional Director on 01 Oct 2025.
Appointed
Nitika Redhu was appointed as Additional Director.
Appointed
Raju Aravindhan was appointed as Additional Director.
AGM
Mara Studios Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mara Studios Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Robin Kunjumon Abraham ceased to be Additional Director.
Appointed
Robin Kunjumon Abraham was appointed as Director.
Ceased
Sanjay Bhambri ceased to be Additional Director.
Ceased
Rahul Dharmachand Jain ceased to be Director.
Charges
A charge registered on 11 Aug 2020 via Charge ID 100357398 with Hdfc Bank Limited was fully satisfied on 22 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 600.00 Lakh with Charge ID 100357398 was registered on 11 Aug 2020.
Appointed
Geet Garg was appointed as Director.
Appointed
Nishith Rastogi was appointed as Director.
1 earlier event is in the company report.
News
Frequently asked questions
Mara Studios is an active foreign 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 16 July 2015 (11+ years old) and is registered under CIN U72200KA2015FTC104823.
Mara Studios has 3 current directors:
- Geet Garg - Director
- Raju Aravindhan - Additional Director
- Nitika Redhu - Additional Director
The latest financial statements of Mara Studios 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 FY 2016 are in the company report.
The GSTIN of Mara Studios is 29AAJCM8822G1Z3, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mara Studios is U72200KA2015FTC104823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mara Studios was incorporated on 16 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Mara Studios has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹20.93 Cr; the latest was in July 2021.
The peers of Mara Studios by revenue are Bangalore Fox Technology Center Private Limited, Indusface Private Limited, Biogen Capability Center India Private Limited, Automationedge Technologies Private Limited, Getronics Solutions India Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Nitika Redhu was appointed as Additional Director on 01 Oct 2025. Raju Aravindhan was appointed as Additional Director on 01 Oct 2025. Robin Kunjumon Abraham ceased to be Additional Director on 14 Nov 2023. Mara Studios has 8 board changes on record in total.
Yes, Mara Studios is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0036406).
Mara Studios has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 24 Oct 2022.
Mara Studios can be reached through the website locus.sh. Its registered office is in Bangalore, Karnataka, India.