Mesindus Ventures Limited

Mesindus Ventures Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U72900KA2019PLC130574 Incorporated 12 December 2019 ROC Bangalore HQ Bangalore, Karnataka, India
Active Public Limited Company e-commerce DPIIT Startup
Data last updated
Revenue · FY 2023
₹8.58 Lakh
▲ 100% YoY
Net profit · FY 2023
₹1.61 Lakh
Net margin 18.8%
EBITDA · FY 2023
-₹7.38 Lakh
EBITDA margin -86%
Authorised capital
₹7 Lakh
Registered with MCA
Paid-up capital
₹6 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
31
Provident fund records
Directors on board
5
As per MCA filings

About Mesindus Ventures Limited

Data last updated:

Mesindus Ventures Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Reliance Industries Limited and recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 12 December 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PLC130574. Its GSTIN is 29AANCM1499F1ZY (Karnataka). The company holds 4 GST registrations, all of them active.

The company has an authorised share capital of ₹7 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Aditi Pany (Whole-Time Director) and Balasubrmanian Chandrasekaran.

Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ibc Knowledge Park, Bangalore, Karnataka.

As per the financials filed for FY 2023, the company reported a revenue of ₹8.58 Lakh, a growth of 100% compared to the previous year. For the same year it recorded a net profit of ₹1.61 Lakh (net margin 18.8%) and EBITDA of -₹7.38 Lakh (EBITDA margin -86%). Revenue has grown at a compounded annual rate (CAGR) of 780% over three years.

The company has about 31 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Qalara. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 3 cases are pending. The company has 2 deals on record (1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹4.95 Cr; the latest was in August 2020.

For more details, the company can be reached via its website mesindusventures.com.

Company details

CIN U72900KA2019PLC130574
Registration Number 130574
Incorporation Date 12 December 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Reliance Industries Limited
DPIIT Recognition Recognised Startup

CIN history

Mesindus Ventures has one previous CIN (Corporate Identification Number): U72900KA2019PTC130574. The current CIN is U72900KA2019PLC130574, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U72900KA2019PLC130574Current
U72900KA2019PTC130574Previous
Key People
Aditi Pany Whole-Time Director Balasubrmanian Chandrasekaran Director Venkatachalam Subramaniam Director

Recognitions & Rankings of Mesindus Ventures

DPIIT recognised startup Government of India
Startup India

Contact details

Mesindus Ventures Limited's registered office is in Bangalore, Karnataka. Its website is mesindusventures.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mesindusventures.com
  • Registered Address
    Ibc Knowledge Park, Tower B 3rd Floor 4/1 Bannerghatta Main Road Bhavani Nagar S G Palya, Bangalore, Karnataka, India – 560029
  • Industry
    E-Commerce, General E-Commerce Platforms

To see the full contact details of Mesindus Ventures Limited, buy the company report.

Comprehensive company report
Mesindus Ventures Limited - 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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Brands

Mesindus Ventures operates one associated brand: Qalara. Each brand links to its own profile.

BrandDescriptionWebsite
Qalara
Functions as an online B2B marketplace for handmade multi-category products.qalara.com

Financials of Mesindus Ventures Limited

FY 2025 filings available

Mesindus Ventures Limited reported revenue of ₹8.58 Lakh (up 100% YoY) for FY 2023.

Revenue · FY 2023
₹8.58 Lakh ▲ 100%
Net profit · FY 2023
₹1.61 Lakh margin 18.8%
EBITDA · FY 2023
-₹7.38 Lakh margin -86%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 780%

Revenue has grown at a compounded annual rate (CAGR) of 780% over three years, including 100% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹8.58 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹7.38 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.61 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-86%
Net Profit Margin18.8%
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

To see the full financial statements and ratios of Mesindus Ventures Limited, buy the company report.

Board of directors of Mesindus Ventures Limited

Mesindus Ventures has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Aditi Pany
Also directs: Kafqa Ventures Private Limited
Whole-Time Director12 Dec 20196 Years 10 MonthsCurrent
Balasubrmanian Chandrasekaran
Also directs: Mayuri Kumkum Limited, Nowfloats Technologies Limited, V - Retail Limited and 2 more
Director30 Jun 20233 Years 4 MonthsCurrent
Venkatachalam Subramaniam
Also directs: Just Dial Limited, Reliance Retail Limited, Reliance Brands Limited and 2 more
Director18 Aug 20206 Years 2 MonthsCurrent
Akhilesh Prasad
Also directs: Kalanikethan Fashions Limited, Kalanikethan Silks Limited, Reldel Apparel Private Limited and 5 more
Director18 Aug 20206 Years 2 MonthsCurrent
Ravichandran Nageswaran
Also directs: Reliance Brands Limited, Mayuri Kumkum Limited, Reliance Logistics and Warehouse Holdings Limited and 3 more
Director30 Jun 20233 Years 4 MonthsCurrent
View all directors

Auditor

Mesindus Ventures Limited is audited by For Pathak H.D. & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
For Pathak H.D. & Associates LLPFY 2023107783W/W100593

Shareholding

The shareholding of Mesindus Ventures Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mesindus Ventures Limited, buy the company report.

Deals & funding

Mesindus Ventures Limited has 2 deals on record (1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹4.95 Cr; the latest was in August 2020.

Total deals
2
Convertible or debt financing
1
Acquisition
1
Disclosed funding
₹4.95 Cr

Deals on record (1 of 2)

WhenDealAmountParties
Aug 2020Acquisition₹5 LakhBuyer: Reliance Retail Ventures Limited

To see the full deal history of Mesindus Ventures Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mesindus Ventures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Mesindus Ventures Limited has a workforce of 31 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
31
Active EPFO establishments
1
Employee growth
-35.4%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2731
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21

To see the full employee and EPFO history of Mesindus Ventures Limited, buy the company report.

GST

Mesindus Ventures has 4 GST registrations: 4 active.

Total GSTINs
4
Active
4
GSTINStateStatusRegistered on
29AANCM1499F1ZYKarnatakaActive19 Mar 2020
29AANCM1499F2ZXKarnatakaActive01 Feb 2023
07AANCM1499F1Z4DelhiActive05 Nov 2020
06AANCM1499F1Z6HaryanaActive01 May 2021

To see the full GST registrations and return filing status of Mesindus Ventures Limited, buy the company report.

Recent activity

Mesindus Ventures Limited has 11 board changes on record since 2019: 5 appointments and 6 cessations. The latest: Balasubrmanian Chandrasekaran ceased to be Additional Director on 24 Sep 2023.

AGM
Mesindus Ventures Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Filing
Mesindus Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Balasubrmanian Chandrasekaran ceased to be Additional Director.
Ceased
Ravichandran Nageswaran ceased to be Additional Director.
Appointed
Balasubrmanian Chandrasekaran was appointed as Director.
Appointed
Ravichandran Nageswaran was appointed as Director.
Ceased
Aditi Pany ceased to be Director.
Ceased
Akhilesh Prasad ceased to be Additional Director.
Ceased
Shariq Mahomed Nasir Plasticwala ceased to be Director.
Ceased
Venkatachalam Subramaniam ceased to be Additional Director.
Appointed
Akhilesh Prasad was appointed as Director.
Appointed
Venkatachalam Subramaniam was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

Mesindus Ventures is an active public limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 12 December 2019 (7+ years old) and is registered under CIN U72900KA2019PLC130574.

Mesindus Ventures has 5 current directors:

The latest financial statements of Mesindus Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from FY 2020 are in the company report.

The GSTIN of Mesindus Ventures is 29AANCM1499F1ZY, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 29AANCM1499F2ZX (Karnataka), 07AANCM1499F1Z4 (Delhi), 06AANCM1499F1Z6 (Haryana).

The CIN (Corporate Identification Number) of Mesindus Ventures is U72900KA2019PLC130574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mesindus Ventures has 4 court cases on record: 2 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.

Mesindus Ventures was incorporated on 12 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.

Mesindus Ventures has 2 deals on record (1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹4.95 Cr; the latest was in August 2020.

Balasubrmanian Chandrasekaran ceased to be Additional Director on 24 Sep 2023. Ravichandran Nageswaran ceased to be Additional Director on 24 Sep 2023. Balasubrmanian Chandrasekaran was appointed as Director on 30 Jun 2023. Mesindus Ventures has 11 board changes on record in total.

Yes, Mesindus Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).