About Mayvel Technologies Private Limited
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Mayvel Technologies Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 January 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72200TZ2001PTC009616. Its GSTIN is 33AAICS2044M1ZA (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramachandran Boobandra Babu and Boobandrababu Maheshpriya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 32 Omsakthinagar Ramanathapuram, Coimbatore, Tamil Nadu, India – 641045.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.95 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹21.63 Lakh (net margin 4.4%) and EBITDA of ₹37.44 Lakh (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 2% over five years.
The company is associated with 1 brand: Shloklabs. As per MCA filings, the company has open charges of ₹69 Lakh and satisfied charges of ₹50,000 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 shloklabs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address32 Omsakthinagar Ramanathapuram, Coimbatore, Tamil Nadu, India – 641045
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Mayvel Technologies Private Limited
The main business activity of Mayvel Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mayvel Technologies Private Limited FY 2024 filings available
Mayvel Technologies Private Limited reported revenue of ₹4.95 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mayvel Technologies Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 33% 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 of Mayvel Technologies Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹37.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.63 Lakh | •••• | •••• | •••• | •••• |
| 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 of Mayvel Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mayvel Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mayvel Technologies Private Limited
Mayvel Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hoppscotch India Private Limited | ₹4.97 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Thrissur, Kerala, India |
| Maybole Technologies Private Limited | ₹4.96 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Pune, Maharashtra, India |
| Triline Infotech Private Limited | ₹4.96 Cr (FY 2025) | •••• | •••• | 151.0% | •••• | New Delhi, Delhi, India |
| Nexclusive Tech Dynamics Private Limited | ₹4.96 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Gurgaon, Haryana, India |
| Quolam Business Solutions Private Limited | ₹4.95 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Panvel, Maharashtra, India |
| Mayvel Technologies Private Limited this company | ₹4.95 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Coimbatore, Tamil Nadu, India |
| Tekmonks Soft AI India Private Limited | ₹4.94 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Infoane Technologies Private Limited | ₹4.94 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Hyderabad, Telangana, India |
| I5 Systems Private Limited | ₹4.93 Cr (FY 2023) | •••• | •••• | 96.0% | •••• | Hyderabad, Telangana, India |
| Virgo Softech Limited | ₹4.93 Cr (FY 2024) | •••• | •••• | 109864.0% | •••• | New Delhi, Delhi, India |
| Bigtruck Technologies Private Limited | ₹4.91 Cr (FY 2024) | •••• | •••• | -60.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Mayvel Technologies by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mayvel Technologies Private Limited
Mayvel Technologies Private Limited is audited by S. Sabareeswaran for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. Sabareeswaran | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mayvel Technologies Private Limited
Mayvel Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramachandran Boobandra Babu Also directs: Bacsys Innovations Private Limited | Director | 01 Dec 2004 | 21 Years 10 Months | Current |
| Boobandrababu Maheshpriya | Director | 01 Dec 2004 | 21 Years 10 Months | Current |
Ownership and Shareholding of Mayvel Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mayvel Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2017 | Canara Bank | ₹65 Lakh | Open |
| 12 Nov 2011 | Canara Bank | ₹4 Lakh | Open |
| 13 Jan 2015 | Canara Bank | ₹50,000 | Satisfied |
Total charge records: 3 View all charges
Associated Brands with Mayvel Technologies Private Limited
Mayvel Technologies operates one associated brand: SHLOKLABS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions in application development, cloud, and IoT services. | shloklabs.com |
Employees and EPFO Compliance at Mayvel Technologies Private Limited
Employment history and EPFO contributions of people linked to Mayvel Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mayvel Technologies Private Limited
Mayvel Technologies Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Boobandrababu Maheshpriya was appointed as Director on 01 Dec 2004.
Credit Ratings, Litigation & Regulatory Alerts for Mayvel Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mayvel Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mayvel Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mayvel Technologies Private Limited
Mayvel Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICS2044M1ZA | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mayvel Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mayvel Technologies Private Limited
Mayvel Technologies is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 January 2001 (25+ years old) and is registered under CIN U72200TZ2001PTC009616.
Mayvel Technologies reported revenue of ₹4.95 Cr for FY 2025 (down 2% YoY).
Mayvel Technologies has 2 current directors:
- Ramachandran Boobandra Babu - Director
- Boobandrababu Maheshpriya - Director
Mayvel Technologies reported a net profit of ₹21.63 Lakh (net margin 4.4%) and EBITDA of ₹37.44 Lakh (EBITDA margin 7.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mayvel Technologies is 14% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mayvel Technologies is 33AAICS2044M1ZA, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mayvel Technologies is U72200TZ2001PTC009616. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayvel Technologies was incorporated on 24 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Mayvel Technologies by revenue are Hoppscotch India Private Limited, Maybole Technologies Private Limited, Triline Infotech Private Limited, Nexclusive Tech Dynamics Private Limited, Quolam Business Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Boobandrababu Maheshpriya was appointed as Director on 01 Dec 2004. Ramachandran Boobandra Babu was appointed as Director on 01 Dec 2004.
Yes, Mayvel Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).