India's Richest People 2026 edition · 1 director · Source: Hurun India
- #57 Ranjan Pai ₹49,200 Cr
Revenue · FY 2024
₹25.14 Cr
▲ 254% YoY
Net loss · FY 2024
₹23.31 Cr
Net margin -92.7%
EBITDA · FY 2024
-₹42.95 Cr
EBITDA margin -170.9%
Contribution obligation
₹966.16 Cr
As per LLP agreement
Open charges
₹1,347.8 Cr
Satisfied ₹1,332 Cr
LLP age
10 yrs
Est. 2016
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered
About Memg Family Office LLP
Data last updated:
Memg Family Office LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 23 February 2016 and has been in existence for over 10 years.
Its director Ranjan Pai is #57 among India's richest people (2026).
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAF-7620. Its GSTIN is 29AAMFT2414P1ZK (Karnataka).
The LLP has a total obligation of contribution of ₹966.16 Cr. It is led by designated partners Shyam Powar and Ranjan Ramdas Pai.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 24/1 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹25.14 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹23.31 Cr (net margin -92.7%) and EBITDA of -₹42.95 Cr (EBITDA margin -170.9%). Revenue has grown at a compounded annual rate (CAGR) of 33% over five years.
As per MCA filings, the LLP has open charges of ₹1,347.8 Cr and satisfied charges of ₹1,332 Cr on record. Court records list 10 cases involving the LLP, including 1 filed by the LLP and 9 filed against it; 3 cases are pending.
For more details, the LLP can be reached via its website manipalgroup.com.
Company details
LLPIN AAF-7620
Incorporation Date 23 February 2016
Total Obligation of Contribution ₹966.16 Cr
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Memg Family Office
Contact details
Memg Family Office LLP's registered office is in Bangalore, Karnataka. Its website is manipalgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address24/1 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Memg Family Office LLP, buy the company report.
Comprehensive company report
Memg Family Office LLP - one report that includes everything
- 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
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Financials of Memg Family Office LLP
FY 2025 filings availableMemg Family Office LLP reported revenue of ₹25.14 Cr (up 254% YoY) for FY 2024.
Revenue · FY 2024
₹25.14 Cr ▲ 254%
Net loss · FY 2024
₹23.31 Cr margin -92.7%
EBITDA · FY 2024
-₹42.95 Cr margin -170.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 254%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 254% growth 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
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹25.14 Cr | ||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | -₹23.31 Cr | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | -92.7% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of Memg Family Office LLP, buy the company report.
Designated partners of Memg Family Office LLP
Memg Family Office has 2 current designated partners and 13 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyam Powar Also directs: Clay Pond Capital Advisors LLP, Api Holdings Limited, Unext Learning Private Limited and 5 more | Designated Partner | 25 Apr 2025 | 1 Years 6 Months | Current |
| Ranjan Ramdas Pai | Designated Partner | 02 Mar 2017 | 9 Years 7 Months | Current |
Charges & borrowings
Open charges
₹1,347.8 Cr
Satisfied charges
₹1,332 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2025 | 101068299 | Vistra Itcl (India) Limited | ₹175 Cr | Open | |
| 28 Mar 2024 | 100905315 | Vistra Itcl India Limited | ₹575.8 Cr | Open | |
| 14 Nov 2022 | 100659999 | Vistra Itcl India Limited | ₹327 Cr | Open | |
| 04 Jun 2022 | 100631381 | Hero Fincorp Limited | ₹270 Cr | Open | |
| 09 Dec 2022 | 100667427 | Vistra Itcl India Limited | ₹945 Cr | Satisfied |
To see the full charge records of Memg Family Office LLP, buy the company report.
Total charge records: 11 View all charges
Legal cases
Memg Family Office LLP has 10 court cases on record: 1 filed by Memg Family Office, 9 filed against it. 3 cases are pending and 7 are disposed.
Total cases
10
Filed by the company
1
Filed against the company
9
Pending
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 6 | 2 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Think & Learn Private Limited (in Corporate Insolvency Resolution Process) Through Its Resolution Professional Mr. Shailendra Ajmera | Pending |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by Think & Learn Private Limited (in Corporate Insolvency Resolution Process) Through Its Resolution Professional Mr. Shailendra Ajmera | Pending |
| High Court, KARNATAKA | Arbitration matter | Filed by the company against Think and Learn Private Limited and 2 others | Pending |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by Think & Learn Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Manipal Health Systems Private Limited | Disposed |
To see the full case history of Memg Family Office LLP, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Memg Family Office LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Memg Family Office has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMFT2414P1ZK | Karnataka | Active | 19 Sep 2017 |
To see the full GST registrations and return filing status of Memg Family Office LLP, buy the company report.
Recent activity
Memg Family Office LLP has 17 designated partner changes on record since 2017: 4 appointments and 13 cessations. The latest: Shruti Ranjan Pai ceased to be Designated Partner on 25 Apr 2025.
Charges
A charge registered on 28 Sep 2021 via Charge ID 100493822 with Indusind Bank was fully satisfied on 03 Nov 2025.
Ceased
Shruti Ranjan Pai ceased to be Designated Partner.
Appointed
Shyam Powar was appointed as Designated Partner.
Ceased
Vaitheeswaran Seetharaman ceased to be Partner.
AGM
Memg Family Office Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Memg Family Office Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Vistra Itcl (India) Limited amounted to Rs. 175.00 Cr with Charge ID 101068299 was registered on 28 Feb 2025.
Charges
A charge registered on 21 Jun 2019 via Charge ID 100280165 with Tata Capital Financial Services Limited was fully satisfied on 11 Dec 2024.
Charges
A charge with Vistra Itcl India Limited of Rs. 575.80 Cr registered on 28 Mar 2024 with Charge ID 100905315 was modified on 26 Jul 2024.
Charges
A charge with Vistra Itcl India Limited amounted to Rs. 575.80 Cr with Charge ID 100905315 was registered on 28 Mar 2024.
Charges
A charge with Hero Fincorp Limited of Rs. 270.00 Cr registered on 04 Jun 2022 with Charge ID 100631381 was modified on 29 Feb 2024.
Charges
A charge registered on 09 Dec 2022 via Charge ID 100667427 with Vistra Itcl India Limited was fully satisfied on 07 Sep 2023.
30 earlier events are in the company report.
Frequently asked questions
Memg Family Office is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in business and IT consulting, within the business outsourcing industry. It was incorporated on 23 February 2016 (10+ years old) and is registered under LLPIN AAF-7620.
Memg Family Office has 2 current designated partners:
- Shyam Powar - Designated Partner
- Ranjan Ramdas Pai - Designated Partner
The latest financial statements of Memg Family Office on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Memg Family Office is 29AAMFT2414P1ZK, registered in Karnataka.
The LLPIN (Limited Liability Partnership Identification Number) of Memg Family Office is AAF-7620. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Memg Family Office has 10 court cases on record: 1 filed by the LLP and 9 filed against it. 3 are pending. Most are in the nclat.
Memg Family Office was incorporated on 23 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Shruti Ranjan Pai ceased to be Designated Partner on 25 Apr 2025. Shyam Powar was appointed as Designated Partner on 25 Apr 2025. Vaitheeswaran Seetharaman ceased to be Partner on 25 Apr 2025. Memg Family Office has 17 designated partner changes on record in total.
Memg Family Office can be reached through the website manipalgroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Memg Family Office is at 241 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001.
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