About MFX Infotech Private Limited
Data last updated:
MFX Infotech Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Quess Corp Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 20 June 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014PTC074949. The company has 14 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It was led by directors Kamal Pal Hoda and Kundan Kumar Lal.
Its last annual general meeting (AGM) was held on 08 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹100.68 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹5.94 Cr (net margin 5.9%) and EBITDA of ₹8.26 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 14% over five years.
The company had about 1,781 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Quess and MFX services. As per MCA filings, the company had satisfied charges of ₹5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹12.06 Cr; the latest was in September 2019. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 4 overdue payments to 2 micro and small suppliers.
The last known website on record is mfxservices.com.
Company details
Contact details
MFX Infotech Private Limited's registered office is in Bangalore, Karnataka. Its website is mfxservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3/3/2 Ambalipura Sarjapur Road, Bellandur India, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of MFX Infotech Private Limited, buy the company report.
- 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
Brands
MFX Infotech operates two associated brands: Quess and MFX services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of outsourcing and business services | quesscorp.com | |
| End-to-end services are provided to P&C insurance by MFX. | mfxservices.com |
Business activity
The main business activity of MFX Infotech is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of MFX Infotech Private Limited, buy the company report.
Financials of MFX Infotech Private Limited
FY 2023 filings availableMFX Infotech Private Limited reported revenue of ₹100.68 Cr (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 21% growth in the latest year. EBITDA rose 58% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹100.68 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹8.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.94 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of MFX Infotech Private Limited, buy the company report.
Board of directors of MFX Infotech Private Limited
MFX Infotech has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Pal Hoda Also directs: Bluspring Enterprises Limited, Vedang Cellular Services Private Limited, Bluspring New Horizon One Private Limited and 2 more | Director | 01 Dec 2022 | 3 Years 10 Months | As last reported |
| Kundan Kumar Lal Also directs: Bluspring Enterprises Limited | Director | 31 Mar 2020 | 6 Years 6 Months | As last reported |
Auditor
MFX Infotech Private Limited is audited by VASAN & SAMPATH LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASAN & SAMPATH LLP | FY 2023 | 004542S |
Shareholding
The shareholding of MFX Infotech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MFX Infotech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2015 | 10555849 | Yes Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of MFX Infotech Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
MFX Infotech Private Limited has 2 deals on record (1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹12.06 Cr; the latest was in September 2019.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Acquisition | Undisclosed | Buyer: Quess Corp Limited Seller: Quess Corp Limited |
To see the full deal history of MFX Infotech Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MFX Infotech Private Limited has 1 court case on record: 1 filed by MFX Infotech. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of MFX Infotech Private Limited, 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.
Credit ratings & regulatory alerts
MFX Infotech Private Limited was last rated by Icra on 01 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 01 Jul 2021 |
To see the full credit ratings and regulatory alerts of MFX Infotech Private Limited, buy the company report.
MSME payment delays
MFX Infotech Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Total Aqua | |||
| Elite Global Business Services Private Limited |
To see the full MSME payment records of MFX Infotech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
MFX Infotech Private Limited has a workforce of 1,781 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
MFX Infotech has 14 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of MFX Infotech Private Limited, buy the company report.
Recent activity
MFX Infotech Private Limited has 10 board changes on record since 2015: 2 appointments and 8 cessations. The latest: Kamal Pal Hoda ceased to be Additional Director on 07 Aug 2023.
4 earlier events are in the company report.
Frequently asked questions
MFX Infotech has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
MFX Infotech was a private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 20 June 2014 and is registered under CIN U72200KA2014PTC074949. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
MFX Infotech was incorporated on 20 June 2014. It is registered with the Registrar of Companies, Bangalore.
MFX Infotech had 2 directors:
- Kamal Pal Hoda - Director
- Kundan Kumar Lal - Director
The CIN (Corporate Identification Number) of MFX Infotech is U72200KA2014PTC074949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of MFX Infotech is at 332 Ambalipura Sarjapur Road, Bellandur India, Bangalore, Karnataka, India – 560102.
MFX Infotech can be reached through the website mfxservices.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of MFX Infotech on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 08 August 2023. Year-wise statements from 2015 are in the company report.
No. MFX Infotech has 14 GST registrations on record and all of them are cancelled or inactive.
MFX Infotech operated in the information technology industry, in the software development and support services segment.
MFX Infotech has 2 deals on record (1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹12.06 Cr; the latest was in September 2019.