Markov ML India Private Limited
About Markov ML India Private Limited
Data last updated:
Markov ML India Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 February 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2022FTC158308.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vivek Suresh Vaidya and Thomas Andrew Chavez.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.552 24th Main Road Parangi Palaya Sector 2 Hsr Layout, Bengaluru, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.85 Cr, a growth of 83% compared to the previous year. For the same year it recorded a net profit of ₹1.29 Cr (net margin 10.9%) and EBITDA of ₹1.93 Cr (EBITDA margin 16.3%).
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Markov ML.
Company details
Contact details
Markov ML India Private Limited's registered office is in Bengaluru, Karnataka.
- Registered AddressNo.552 24th Main Road Parangi Palaya Sector 2 Hsr Layout, Bengaluru, Karnataka, India – 560102
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Markov ML India operates one associated brand: Markov ML. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based decision support software is provided for machine learning workflows. | markovml.com |
Business activity
The main business activity of Markov ML India 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 Markov ML India Private Limited, buy the company report.
Financials of Markov ML India Private Limited
FY 2025 filings availableMarkov ML India Private Limited reported revenue of ₹11.85 Cr (up 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 83% in the latest year. EBITDA rose 86% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹1.93 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.29 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 16.3% | ||
| Net Profit Margin | 10.9% | ||
| 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 Markov ML India Private Limited, buy the company report.
Board of directors of Markov ML India Private Limited
Markov ML India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ila Sharma | Additional Director | 05 Nov 2025 | 0 Years 11 Months | Current |
| Vivek Suresh Vaidya Also directs: Ketch Kloud India Private Limited | Director | 24 Feb 2022 | 4 Years 8 Months | Current |
| Thomas Andrew Chavez Also directs: Ketch Kloud India Private Limited | Director | 24 Feb 2022 | 4 Years 8 Months | Current |
Peer comparison
Markov ML India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Systechcorp Private Limited | ₹11.88 Cr (FY 2025) | 49.0% | Hyderabad, Telangana, India | |||
| Bridgera India Private Limited | ₹11.86 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Convertcart Private Limited | ₹11.85 Cr (FY 2020) | 132.0% | Bangalore, Karnataka, India | |||
| Azimuthgrc Technologies India Private Limited | ₹11.85 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Markov ML India Private Limitedthis company | ₹11.85 Cr (FY 2024) | ₹1.29 Cr | 10.9% | 83.0% | Bengaluru, Karnataka, India | |
| Corpay Technologies India Private Limited | ₹11.84 Cr (FY 2025) | 59.0% | Nagpur, Maharashtra, India | |||
| Arera Healthcare & Technologies Private Limited | ₹11.83 Cr (FY 2025) | 26.0% | Basavanagudi, Karnataka, India | |||
| Simplified Communications Private Limited | ₹11.82 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Markov ML India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Markov ML India 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
No delayed payments to MSME suppliers are on our record for Markov ML India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Markov ML India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Markov ML India Private Limited has 4 board changes on record since 2022: 3 appointments and 1 cessation. The latest: Alok Gyanchand Kothari ceased to be Director on 10 Nov 2025.
Frequently asked questions
Markov ML India is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 February 2022 (4+ years old) and is registered under CIN U72900KA2022FTC158308.
Markov ML India has 3 current directors:
- Ila Sharma - Additional Director
- Vivek Suresh Vaidya - Director
- Thomas Andrew Chavez - Director
The latest financial statements of Markov ML India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Markov ML India is U72900KA2022FTC158308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Markov ML India was incorporated on 24 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Markov ML India by revenue are Systechcorp Private Limited, Bridgera India Private Limited, Convertcart Private Limited, Azimuthgrc Technologies India Private Limited, Corpay Technologies India Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Alok Gyanchand Kothari ceased to be Director on 10 Nov 2025. Ila Sharma was appointed as Additional Director on 05 Nov 2025. Thomas Andrew Chavez was appointed as Director on 24 Feb 2022. Markov ML India has 4 board changes on record in total.
The registered office of Markov ML India is at No.552 24th Main Road Parangi Palaya Sector 2 Hsr Layout, Bengaluru, Karnataka, India – 560102.
Markov ML India operates in the information technology industry, in the IT consulting and support services segment.
Markov ML India has 1 associated brand: Markov Ml.
Markov ML India can be reached at its registered office: No.552 24th Main Road Parangi Palaya Sector 2 Hsr Layout, Bengaluru, Karnataka, India – 560102.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
