Maveric Systems Limited

Maveric Systems Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials and compliance.
CIN U74140TN2000PLC045197 Incorporated 19 June 2000 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Public Limited Company information technology
Data last updated
Revenue · FY 2025
₹575.73 Cr
▼ 6.00% YoY
EBITDA · FY 2025
*****
▼ 48.00% YoY
Net profit · FY 2025
*****
▼ 55.00% YoY
Authorised capital
₹5.2 Cr
Registered with MCA
Paid-up capital
₹4.09 Cr
Issued & subscribed
Open charges
₹21 Cr
Satisfied ₹7.95 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
2,563
Latest available

About Maveric Systems Limited

Data last updated: 20 December 2025

Maveric Systems Limited is a public limited company based in Chennai, Tamil Nadu, India. It specialises in software development and support services, a part of the broader technology and IT services sector. Incorporated on 19 June 2000, the company has been in operation for over 26 years.

Registered with ROC Chennai under CIN L74140TN2000PLC045197.

Capital: an authorised share capital of ₹5.2 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Parthasarathy Namakal Srinivasan and Venkatesh Padmanabhachari.

Last AGM: 08 August 2025. Financial statements filed for year ended 31 March 2025. Office: 2Nd Floor Block 5 Dlf It Park, Chennai, Tamil Nadu.

As per the financials filed for FY 2025, the company reported a revenue of ₹575.73 Cr, a decline of 6% compared to the previous year.

The company has a workforce of approximately 2,563 employees as per the latest available data.

The company is associated with 1 brand - Maveric Systems. As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹7.95 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 maveric-systems.com.

Company Details of Maveric Systems Limited
CIN U74140TN2000PLC045197
Registration Number 045197
Incorporation Date 19 June 2000
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Venkatesh Padmanabhachari Whole-Time Director Subramanian Nurani Neelakantan Whole-Time Director Indupuri Ranga Reddy Whole-Time Director
Contact Details
  • Email
    **************
  • Telephone
    **************
  • Website
    **************
  • Social Media
  • Registered Address
    2Nd Floor Block 5 Dlf It Park 1/124 Nandambakkam Post Ramapuram Mount Poon, Amallee Rd, Chennai, Tamil Nadu, India – 600089
  • Industry
    Information Technology, Software Development & Support Services
Company report
Maveric Systems Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Maveric Systems Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Maveric Systems Limited

Maveric Systems Limited has one previous CIN (Corporate Identification Number): L74140TN2000PLC045197. The current CIN is U74140TN2000PLC045197, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
U74140TN2000PLC045197 Current
L74140TN2000PLC045197 Previous

Associated Brands with Maveric Systems Limited

Maveric Systems Limited operates one associated brand: Maveric Systems. These brands represent Maveric Systems Limited's diversified market presence and brand portfolio.

Brand Description Website
Maveric Systems
AI-powered solutions are provided for financial services transformation. maveric-systems.com

Competitors & Alternatives of Maveric Systems Limited

Brands and companies operating in the same space as Maveric Systems Limited include nCino, Thought Machine, Tuum and 5 more.

Competitor Description Location Founded
nCino nCino Cloud-based API platform for banking operations is provided. Wilmington, United States, United States 2011
Thought Machine Thought Machine Cloud-based platform for core banking is developed via APIs. London, United Kingdom, United Kingdom 2014
Tuum Tuum Cloud-native API-first core banking platform is provided for banks. Tallinn, Estonia, Estonia 2019
Finxact Finxact Cloud-based core banking software is delivered via open APIs. Jacksonville, United States, United States 2016
ION Group ION Group Treasury management solutions are provided for financial institutions and banks. New York, United States, United States 1998
Nymbus Nymbus Cloud-based core banking solutions are offered to financial institutions. Miami, United States, United States 2015
Backbase Backbase AI-powered banking platforms are provided for operational growth. Amsterdam, Netherlands, Netherlands 2003
Ohpen Ohpen Developer of cloud-based core banking platform for retail mutual funds and savings accounts Amsterdam, Netherlands, Netherlands 2008

Business Activity of Maveric Systems Limited

Maveric Systems Limited is engaged in the principal business activity of information and communication, with detailed activities including computer programming, consultancy and related activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
J Information and communication J6 Computer programming, consultancy and related activities *********

Board of Directors of Maveric Systems Limited

Maveric Systems Limited is currently managed by 11 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Parthasarathy Namakal Srinivasan
Also directs: Lomasa Advisors Llp, Memorable Minds Llp, Mindgrove Technologies Private Limited and 5 more
Director 18 Jan 2024 2 Years 5 Months Current
Venkatesh Padmanabhachari Whole-Time Director 24 Jun 2021 5 Years 0 Months Current
Aravamudhan Ramaswamy Parthasarathy Director 20 Feb 2020 6 Years 4 Months Current
Shaji Farooq Additional Director 23 May 2024 2 Years 1 Months Current
Rama Sivaraman
Also directs: Mm Forgings Limited
Director 31 Mar 2022 4 Years 3 Months Current
Arun Jain
Also directs: Intellect Design Arena Limited, Polaris Banyan Holding Private Limited, Adrenalin Esystems Limited and 1 more
Director 19 Jun 2000 26 Years 0 Months Current
Showing 6 of 11 current directors. View all directors

Financials of Maveric Systems Limited FY 2025 filings available

Maveric Systems Limited reported revenue of ₹575.73 Cr (down 6% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹575.73 Cr ▼ -6%
Profit
***** ▼ -55%
EBITDA
***** ▼ -48%
Metrics
*****
*****
*****
*****
*****
Revenue
Revenue from Operations
*****
*****
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Revenue Growth %
*****
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Other Income
*****
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Total Revenue
*****
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*****
*****
*****
Expenses
Total Expenses
*****
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Raw Material Cost
*****
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Change in Inventory FG
*****
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Change in Inventory WIP
*****
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Purchase of Traded Goods
*****
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Employee Cost
*****
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Managerial Remuneration
*****
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Audit Fees
*****
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Insurance
*****
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Power & Fuel
*****
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Interest
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Depreciation
*****
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Other Expenses
*****
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Profitability
EBITDA (Operating Profit)
*****
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Operating Margin %
*****
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Exceptional Items
*****
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Extraordinary Items
*****
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Profit Before Exceptional & Extraordinary Items
*****
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Profit Before Tax
*****
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Tax & Net Profit
Tax Expense
*****
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Current Tax
*****
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Deferred Tax
*****
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Profit from Discontinued Operations
*****
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Tax on Discontinued Operations
*****
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Profit
*****
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Net Margin %
*****
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Metrics
*****
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Shareholders' Funds
Total Shareholders' Funds
*****
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Equity Capital
*****
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Reserves & Surplus
*****
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Money Against Warrants
*****
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Other Equity
*****
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Non-Current Liabilities
Total Non-Current Liabilities
*****
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Long-Term Borrowings
*****
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Deferred Tax Liabilities
*****
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Other Non-Current Liabilities
*****
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Long-Term Provisions
*****
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Current Liabilities
Total Current Liabilities
*****
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Short-Term Borrowings
*****
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Trade Payables
*****
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Other Current Liabilities
*****
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Short-Term Provisions
*****
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Total Equity & Liabilities
*****
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Non-Current Assets
Non-Current Assets
*****
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Tangible Assets
*****
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Intangible Assets
*****
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Capital WIP
*****
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Intangibles Under Dev
*****
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Investments
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Deferred Tax Assets
*****
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LT Loans & Advances
*****
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Other Non-Current Assets
*****
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Current Assets
Current Assets
*****
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
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Total Assets
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Metrics
*****
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Cash from Operating Activities (CFO)
Profit Before Tax
*****
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Non-Cash Adjustments
*****
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*****
+ Interest Expense
*****
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+ Depreciation
*****
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+/- Unrealized Forex
*****
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- Dividend Income
*****
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- Interest Income
*****
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
*****
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Net CFO (Cash from Operations)
*****
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
*****
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Disposal of Subsidiaries
*****
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
*****
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Net CFI (Cash from Investing)
*****
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Cash from Financing Activities (CFF)
Equity Issuance
*****
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
*****
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Net Cash Position
Net Change in Cash (Pre-Forex)
*****
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Closing Cash & Equivalents
*****
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Metrics
*****
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Liquidity
Current Ratio
*****
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Quick Ratio
*****
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Cash Ratio
*****
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Efficiency
Inventory Days
*****
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Debtor Days
*****
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Creditor Days
*****
*****
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Cash Conversion Cycle
*****
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Asset Turnover
*****
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*****
Profitability
Net Profit Margin %
*****
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*****
Operating Margin %
*****
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ROE %
*****
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ROCE %
*****
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Net Worth Margin %
*****
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*****
Growth
Revenue Growth %
*****
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*****
Leverage
Equity Multiplier
*****
*****
*****
*****
*****
Debt / EBITDA
*****
*****
*****
*****
*****
Solvency
D/E Ratio
*****
*****
*****
*****
*****
ICR
*****
*****
*****
*****
*****

Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Charges & Borrowings of Maveric Systems Limited

Open charges
₹21 Cr
Satisfied charges
₹7.95 Cr
Breakdown by lending institutions
Citi Bank N.A.₹15.00 Cr
State Bank of India₹6.00 Cr
Latest charge details
DateLenderAmountStatus
30 Jun 2025 State Bank of India ₹6 Cr Open
16 Feb 2016 Citi Bank N.A. ₹15 Cr Open
25 Aug 2015 Dbs Bank Ltd ₹1 Cr Satisfied
31 Aug 2010 Hdfc Bank Limited ₹4.66 Lakh Satisfied
30 Mar 2004 State Bank of India ₹6 Cr Satisfied

Total charge records: 6 View all charges

Employees and EPFO Compliance at Maveric Systems Limited

View historical data on people associated with Maveric Systems Limited, including employment history and EPFO contributions.

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Maveric Systems Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Maveric Systems Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Maveric Systems Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Maveric Systems Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Maveric Systems Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Maveric Systems Limited

MSME Payment Delays by Maveric Systems Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Maveric Systems Limited

Subsidiaries & Group Companies of Maveric Systems Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Maveric Systems Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Maveric Systems Limited

MCA Filings & Documents of Maveric Systems Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Maveric Systems Limited

Activity
08 Aug 2025
Maveric Systems Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Charges
31 Jul 2025
A charge registered on 30 Mar 2004 via Charge ID 90286126 with State Bank Of India was fully satisfied on 31 Jul 2025.
Charges
30 Jun 2025
A charge with State Bank Of India amounted to Rs. 6.00 Cr with Charge ID 101128224 was registered on 30 Jun 2025.
Activity
31 Mar 2025
Maveric Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
28 Jun 2024
A charge with State Bank Of India of Rs. 6.00 Cr registered on 30 Mar 2004 with Charge ID 90286126 was modified on 28 Jun 2024.
Directors
23 May 2024
Shaji Farooq was appointed as a Additional Director on 23 May 2024 & has been associated with this company since 2 years 1 month.

Recent News on Maveric Systems Limited

Frequently Asked Questions about Maveric Systems Limited

Maveric Systems Limited is an active public limited company in the information technology sector based in Chennai, Tamil Nadu, India. It was incorporated on 19 June 2000 (26+ years old) and is registered under CIN U74140TN2000PLC045197. The company has 2,563 employees.

Maveric Systems Limited reported revenue of ₹575.73 Cr for FY 2025 (down 6.00% YoY).

The current directors of Maveric Systems Limited are:

The primary industry of Maveric Systems Limited is information technology. The company specifically operates in software development and support services. The company is currently active in this sector.

Maveric Systems Limited can be reached at the registered office: 2Nd Floor Block 5 Dlf It Park 1124 Nandambakkam Post Ramapuram Mount Poon, Amallee Rd, Chennai, Tamil Nadu, India – 600089, or through the website maveric-systems.com.

The authorised capital is ₹5.2 Cr, and the paid-up capital is ₹4.09 Cr.

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