About Melstar Information Technologies Limited
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Melstar Information Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 August 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L85493MH1986PLC040604. Its GSTIN is 27AABCM6270G3ZF (Maharashtra). The company holds 5 GST registrations, of which 1 is active. Its shares are listed on BSE: 532307 and NSE: BZ : MELSTAR.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹2.79 Cr. It was formerly known as Sifa India Pvt. Ltd. It is led by directors including Vineet Goverdhan Shah (Managing Director) and Tarun Kashyap.
Its last annual general meeting (AGM) was held on 23 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.14 Cr. For the same year it recorded a net profit of ₹11.28 Cr (net margin 92.9%) and EBITDA of ₹11.6 Cr (EBITDA margin 95.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Melstar. As per MCA filings, the company has satisfied charges of ₹24.76 Cr on record. Court records list 20 cases involving the company, including 4 filed by the company and 16 filed against it; 1 case is pending. The company has 29 deals on record (28 market trades, 1 acquisition); the latest was in March 2023. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Verma Global Infratech Private Limited with revenue of ₹12.2 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 melstar.com.
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- Registered AddressUnit No. 1302 13th Floor Raheja Centre, The Free Press Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- 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
- One PDF report, delivered after checkout
Financials of Melstar Information Technologies Limited FY 2024 filings available
Melstar Information Technologies Limited reported revenue of ₹12.14 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Melstar Information Technologies Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years. 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 Melstar Information Technologies Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹11.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.28 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Melstar Information Technologies Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 92.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Melstar Information 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 Melstar Information Technologies Limited
Melstar Information Technologies Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Verma Global Infratech Private Limited | ₹12.2 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Vee Imaging Solutions Private Limited | ₹12.19 Cr (FY 2024) | •••• | •••• | 97.0% | •••• | Bangalore, Karnataka, India |
| Virtuos Digital Limited | ₹12.16 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Hyderabad, Telangana, India |
| Abbacus Tech India Private Limited | ₹12.16 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Ahmedabad, Gujarat, India |
| Qi Network Enterprise Private Limited | ₹12.14 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Melstar Information Technologies Limited this company | ₹12.14 Cr (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Fractalio Data Private Limited | ₹12.09 Cr (FY 2025) | •••• | •••• | 102.0% | •••• | Bangalore, Karnataka, India |
| Intellectyx Data Science India Private Limited | ₹12.08 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Coimbatore, Tamil Nadu, India |
| Advanz 101 Systems Private Limited | ₹12.07 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Indore, Madhya Pradesh, India |
| Cloud Infosolutions Private Limited | ₹12.05 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Iamplus Electronics India Private Limited | ₹12.03 Cr (FY 2018) | •••• | •••• | 584.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Melstar Information Technologies by revenue in the Information Technology industry (IT Consulting and Services), 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 Melstar Information Technologies Limited
Melstar Information Technologies Limited is audited by SARDA & PAREEK for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SARDA & PAREEK | 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 Melstar Information Technologies Limited
Melstar Information Technologies has 5 current directors and 45 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Selvaraj Johnson | Additional Director | 22 Sep 2025 | 1 Years 0 Months | Current |
| Tarun Kashyap | Director | 14 Nov 2024 | 1 Years 10 Months | Current |
| Vineet Goverdhan Shah Also directs: Mindsweep Ventures LLP, Shivasons Solutions India Private Limited, Melstarr Aviations Tech Private Limited and 2 more | Managing Director | 03 Jul 2024 | 2 Years 3 Months | Current |
| Rose Mary Vase Also directs: Sikhara Securities Private Limited | Additional Director | 14 Feb 2026 | 0 Years 7 Months | Current |
| Ayushi Singh Bais | Additional Director | 25 May 2026 | 0 Years 4 Months | Current |
Ownership and Shareholding of Melstar Information Technologies 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 Melstar Information Technologies Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2012 | Bank of India | ₹9 Cr | Satisfied |
| 17 Jul 2009 | Punjab & Sind Bank | ₹7.4 Cr | Satisfied |
| 26 Aug 2005 | Janakalyan Sahakari Banl Limited | ₹3.36 Cr | Satisfied |
| 26 Aug 2005 | Janakalyan Sahakari Bank Ltd. | ₹4.5 Cr | Satisfied |
| 19 Jul 2005 | Janakalyan Sahakari Bank Ltd. | ₹50 Lakh | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Melstar Information Technologies Limited
Melstar Information Technologies Limited has 29 deals on record (28 market trades, 1 acquisition); the latest was in March 2023.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Market trade | ₹1.4 Lakh | Seller: General Insurance Corporation of India |
| Sep 2013 | Market trade | ₹15.4 Lakh | Buyer: Sumangal Shares & Securities Private Limited , 3 individuals Seller: Dolex Commercial Private Limited , Lunkad Textiles Pvt Ltd, 2 individuals |
| Sep 2013 | Market trade | ₹9.3 Lakh | Buyer: Dolex Commercial Private Limited , 2 individuals Seller: 2 individuals |
| Sep 2013 | Market trade | ₹11.6 Lakh | Buyer: Lunkad Textiles Pvt Ltd, 3 individuals Seller: Focus Shares & Securities Private Limited |
| Apr 2009 | Market trade | ₹3.54 Cr | Buyer: Shearson Investments and Trading Company Private Limited , Godavari Corporation Private Limited , Nirved Traders Private Limited Seller: 4 individuals |
Full deal history
All 29 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.
Legal Cases of Melstar Information Technologies Limited
Melstar Information Technologies Limited has 20 court cases on record: 4 filed by Melstar Information Technologies, 16 filed against it. 1 case is pending and 19 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 7 | 1 |
| District courts | 9 | 9 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Interim or miscellaneous application | Filed against the company by Acoustic Arts Private Limited | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Acoustic Arts Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Vetril Systems Private Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against Melstar Indiacentric Limited and 1 other | Disposed |
| Bombay High Court | Appeal | Filed by the company against Melstar Indiacentric Limited and 1 other | Disposed |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Melstar Information Technologies Limited
Melstar Information Technologies operates one associated brand: Melstar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Melstar is a major IT solution providers to the Banking, Insurance, Government and IT sectors. | melstar.com |
Employees and EPFO Compliance at Melstar Information Technologies Limited
Melstar Information Technologies Limited has a workforce of 35 employees as of Sep 22, 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.
CIN History of Melstar Information Technologies Limited
Melstar Information Technologies has one previous CIN (Corporate Identification Number): L99999MH1986PLC040604. The current CIN is L85493MH1986PLC040604, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L85493MH1986PLC040604 | Current |
| L99999MH1986PLC040604 | Previous |
News related to Melstar Information Technologies Limited
Recent Activity on Melstar Information Technologies Limited
Melstar Information Technologies Limited has 88 board changes on record since 1991: 49 appointments and 39 cessations. The latest: Ayushi Singh Bais was appointed as Additional Director on 25 May 2026.
92 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Melstar Information Technologies 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 Melstar Information Technologies 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 Melstar Information Technologies 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 Melstar Information Technologies Limited
Melstar Information Technologies has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM6270G3ZF | Maharashtra | Active | 24 Dec 2024 |
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 Melstar Information Technologies 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 Melstar Information Technologies Limited
Melstar Information Technologies is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 August 1986 (40+ years old) and is registered under CIN L85493MH1986PLC040604. Listed on BSE: 532307 and NSE: BZ : MELSTAR.
Melstar Information Technologies reported revenue of ₹12.14 Cr for FY 2024.
Melstar Information Technologies has 5 current directors:
- Vineet Goverdhan Shah - Managing Director
- Selvaraj Johnson - Additional Director
- Tarun Kashyap - Director
- Rose Mary Vase - Additional Director
- Ayushi Singh Bais - Additional Director
Melstar Information Technologies reported a net profit of ₹11.28 Cr (net margin 92.9%) and EBITDA of ₹11.6 Cr (EBITDA margin 95.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Melstar Information Technologies is -1% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Melstar Information Technologies is 27AABCM6270G3ZF, registered in Maharashtra. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Melstar Information Technologies is L85493MH1986PLC040604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Melstar Information Technologies is listed on both BSE (code: 532307) and NSE (symbol: BZ : MELSTAR).
Melstar Information Technologies has 20 court cases on record: 4 filed by the company and 16 filed against it. 1 is pending. Most are in the high courts.
Melstar Information Technologies was incorporated on 12 August 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Melstar Information Technologies has 29 deals on record (28 market trades, 1 acquisition); the latest was in March 2023.