About Mefron Technologies (India) Private Limited
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Mefron Technologies (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 21 June 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32302GJ2022PTC133075. Its GSTIN is 24AAPCM9278A1Z7 (Gujarat).
The company has an authorised share capital of ₹36 Lakh and a paid-up capital of ₹30.46 Lakh. It is led by directors including Bhavyen Bhandari and Hiren Kishorebhai 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 2024. The registered office is at B – 703 Shapath Hexa Nr Ganesh Merediyan Opp. Highcourt Sola, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.42 Cr (net margin 8%) and EBITDA of ₹17.32 Cr (EBITDA margin 21.7%).
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mefron and Mantra Softech. As per MCA filings, the company has open charges of ₹139.63 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹6.71 Cr; the latest was in August 2025. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Alan Electronic Systems Private Limited with revenue of ₹81.46 Cr.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 703 Shapath Hexa Nr Ganesh Merediyan Opp. Highcourt Sola, Ahmedabad, Gujarat, India – 380060
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Mefron Technologies (India) Private Limited
The main business activity of Mefron Technologies (India) is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Mefron Technologies (India) Private Limited FY 2024 filings available
Mefron Technologies (India) Private Limited reported revenue of ₹79.95 Cr (up 192% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mefron Technologies (India) Private Limited
Revenue rose 192% in the latest year. EBITDA rose 300% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Mefron Technologies (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
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| Employee Benefit Expense | •••• | •••• | •••• |
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| Depreciation and Amortisation | •••• | •••• | •••• |
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| EBITDA | ₹17.32 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.42 Cr | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
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Financial Ratios of Mefron Technologies (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 21.7% | •••• | •••• |
| Net Profit Margin | 8% | •••• | •••• |
| 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 Mefron Technologies (India) are in the company report.
Financial statements from FY 2023
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 Mefron Technologies (India) Private Limited
Mefron Technologies (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alan Electronic Systems Private Limited | ₹81.46 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Thane, Maharashtra, India |
| Access Computech Ltd | ₹81.09 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Vadodara, Gujarat, India |
| Amtech Electronics (India) Limited | ₹80.89 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gandhinagar, Gujarat, India |
| Analogics Tech India Limited | ₹80.84 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Nacharam, Rr Dist, Telangana, India |
| ZM Digitech Communications Private Limited | ₹80.2 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Mefron Technologies (India) Private Limited this company | ₹79.95 Cr (FY 2025) | •••• | •••• | 192.0% | •••• | Ahmedabad, Gujarat, India |
| Simmtronics Infotech Private Limited | ₹78.81 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| S.A. Automation Private Limited | ₹78.72 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Ahmedabad, Gujarat, India |
| Mopo Technology Private Limited | ₹78.23 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Insat Equipment (India) Private Limited | ₹78.18 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Chromatic Infosystems Private Limited | ₹77.81 Cr (FY 2025) | •••• | •••• | 286.0% | •••• | Panvel, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mefron Technologies (India) by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Mefron Technologies (India) Private Limited
Mefron Technologies (India) Private Limited is audited by H B RAO & COMPANY for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H B RAO & COMPANY | 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 Mefron Technologies (India) Private Limited
Mefron Technologies (India) has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavyen Bhandari Also directs: Mexcys Technovations Private Limited, Meshul Nextgen PCB Private Limited, Mupizo Payments Private Limited and 5 more | Director | 21 Jun 2022 | 4 Years 3 Months | Current |
| Hiren Kishorebhai Bhandari Also directs: Mexcys Technovations Private Limited, Meshul Nextgen PCB Private Limited, Mocula Optics Technologies Private Limited and 5 more | Director | 21 Jun 2022 | 4 Years 3 Months | Current |
| Adit Harshad Dawda Also directs: Lok Suvidha Finance Limited | Nominee Director | 17 Sep 2025 | 1 Years 0 Months | Current |
| Subhash Phoolchand Joshi | Director | 17 Sep 2025 | 1 Years 0 Months | Current |
| Vishal Katkoria Also directs: Mantra Softech (India) Private Limited | Nominee Director | 17 Sep 2025 | 1 Years 0 Months | Current |
Ownership and Shareholding of Mefron Technologies (India) 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 Mefron Technologies (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Dec 2025 | Hdfc Bank Limited | ₹27 Cr | Open |
| 23 Oct 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹29 Cr | Open |
| 25 Jul 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹4.5 Cr | Open |
| 11 Sep 2023 | Others | ₹40 Cr | Open |
| 28 Aug 2023 | Others | ₹39.13 Cr | Open |
Total charge records: 5 View all charges
Deals & Funding of Mefron Technologies (India) Private Limited
Mefron Technologies (India) Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹6.71 Cr; the latest was in August 2025.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Funding round | ₹6.71 Cr | Investors: India SME Investments, Motilal Oswal Finvest Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Mefron Technologies (India) Private Limited
Mefron Technologies (India) operates two associated brands: Mefron and Mantra Softech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers electronic manufacturing, PCB assembly, and product engineering services globally. | mefron.com | |
| Biometrics-based security and surveillance solutions are offered globally. | mantratec.com |
Employees and EPFO Compliance at Mefron Technologies (India) Private Limited
Mefron Technologies (India) Private Limited has a workforce of 18 employees as of Oct 09, 2025.
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 Mefron Technologies (India) Private Limited
Mefron Technologies (India) Private Limited has 5 board changes on record since 2022: 5 appointments. The latest: Adit Harshad Dawda was appointed as Nominee Director on 17 Sep 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mefron Technologies (India) 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 Mefron Technologies (India) 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 Mefron Technologies (India) 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 Mefron Technologies (India) Private Limited
Mefron Technologies (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCM9278A1Z7 | Gujarat | Active | 04 Aug 2022 |
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 Mefron Technologies (India) 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 Mefron Technologies (India) Private Limited
Mefron Technologies (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 21 June 2022 (4+ years old) and is registered under CIN U32302GJ2022PTC133075.
Mefron Technologies (India) reported revenue of ₹79.95 Cr for FY 2025 (up 192% YoY).
Mefron Technologies (India) has 5 current directors:
- Bhavyen Bhandari - Director
- Hiren Kishorebhai Bhandari - Director
- Adit Harshad Dawda - Nominee Director
- Subhash Phoolchand Joshi - Director
- Vishal Katkoria - Nominee Director
Mefron Technologies (India) reported a net profit of ₹6.42 Cr (net margin 8%) and EBITDA of ₹17.32 Cr (EBITDA margin 21.7%) for FY 2025, as per its filed financial statements.
The GSTIN of Mefron Technologies (India) is 24AAPCM9278A1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Mefron Technologies (India) is U32302GJ2022PTC133075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mefron Technologies (India) was incorporated on 21 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mefron Technologies (India) has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹6.71 Cr; the latest was in August 2025.
The peers of Mefron Technologies (India) by revenue are Alan Electronic Systems Private Limited, Access Computech Ltd, Amtech Electronics (India) Limited, Analogics Tech India Limited, ZM Digitech Communications Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Adit Harshad Dawda was appointed as Nominee Director on 17 Sep 2025. Subhash Phoolchand Joshi was appointed as Director on 17 Sep 2025. Vishal Katkoria was appointed as Nominee Director on 17 Sep 2025. Mefron Technologies (India) has 5 board changes on record in total.
Mefron Technologies (India) can be reached through the website mantratec.com. Its registered office is in Ahmedabad, Gujarat, India.