About MGB Advisors Private Limited
Data last updated:
MGB Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the personal services segment of the professional services sector. It was incorporated on 09 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2010PTC206384. Its GSTIN is 27AARCS8845F2ZN (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹23.5 Lakh and a paid-up capital of ₹20 Lakh. It was formerly known as Mgb Nursery Private Limited and Mgb Business Advisors Private Limited. It is led by directors Harsh Vardhan Bhandari and Anisha Bhandari Jeenendra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Peninsula Business Park Tower – B 19th Floor Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.66 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.25 Cr (net margin 20.6%) and EBITDA of ₹5.67 Cr (EBITDA margin 27.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 630% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgbadvisors.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPeninsula Business Park Tower – B 19th Floor Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryProfessional Services, Personal, Scientific, Technical
- 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 MGB Advisors Private Limited FY 2024 filings available
MGB Advisors Private Limited reported revenue of ₹20.66 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of MGB Advisors Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 630% over five years, including 8% growth in the latest year. EBITDA rose 21% 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 of MGB Advisors Private Limited
| 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 | ₹20.66 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.25 Cr | •••• | •••• | •••• | •••• |
| 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 of MGB Advisors Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 20.6% | •••• | •••• | •••• | •••• |
| 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 MGB Advisors 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.
Auditor Details of MGB Advisors Private Limited
MGB Advisors Private Limited is audited by G Mundra & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G Mundra & Co | 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 MGB Advisors Private Limited
MGB Advisors has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Vardhan Bhandari Also directs: H2bt Ventures LLP, Madhuban Electric Company Private Limited, After Capital Management Private Limited and 1 more | Director | 26 Mar 2019 | 7 Years 6 Months | Current |
| Anisha Bhandari Jeenendra Also directs: MGB Consulting LLP, Mac Financial and Management Consultants Private Limited, MGB Resources Private Limited and 5 more | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
Ownership and Shareholding of MGB Advisors 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 MGB Advisors Private Limited
MGB Advisors Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by MGB Advisors Private Limited
MGB Advisors Private Limited has 7 MSME Form 1 returns on record between 2021 and 2023, listing 107 overdue payments to 34 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 (5 of 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Retailez Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Market Xcel Data Matrix Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at MGB Advisors Private Limited
Employment history and EPFO contributions of people linked to MGB Advisors.
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.
Group Structure of MGB Advisors Private Limited
MGB Advisors has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Name History of MGB Advisors Private Limited
MGB Advisors has undergone 6 name changes throughout its history. The current legal name is Mgb Advisors Private Limited.
| Company Name | Status |
|---|---|
| MGB Advisors Private Limited | Current |
| Mgb Nursery Private Limited | Previous |
| Mgb Business Advisors Private Limited | Previous |
| Statice Consulting Private Limited | Previous |
| Mgb Nurturing Private Limited | Previous |
| Mgb New Ideas Private Limited | Previous |
| Mgb Business Consulting Private Limited | Previous |
CIN History of MGB Advisors Private Limited
MGB Advisors has one previous CIN (Corporate Identification Number): U74140MH2010PTC206384. The current CIN is U74110MH2010PTC206384, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2010PTC206384 | Current |
| U74140MH2010PTC206384 | Previous |
Recent Activity on MGB Advisors Private Limited
MGB Advisors Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Anisha Bhandari Jeenendra ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for MGB Advisors 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.
Subsidiaries & Group Companies of MGB Advisors 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 MGB Advisors Private Limited
MGB Advisors has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCS8845F2ZN | Maharashtra | Active | 22 Sep 2017 |
| 29AARCS8845F1ZK | Karnataka | Active | 04 Jun 2019 |
| 07AARCS8845F1ZQ | Delhi | Active | 19 Nov 2021 |
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 MGB Advisors 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 MGB Advisors Private Limited
MGB Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in personal, within the professional services industry. It was incorporated on 09 August 2010 (16+ years old) and is registered under CIN U74110MH2010PTC206384.
MGB Advisors reported revenue of ₹20.66 Cr for FY 2023 (up 8% YoY).
MGB Advisors has 2 current directors:
- Harsh Vardhan Bhandari - Director
- Anisha Bhandari Jeenendra - Director
MGB Advisors reported a net profit of ₹4.25 Cr (net margin 20.6%) and EBITDA of ₹5.67 Cr (EBITDA margin 27.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MGB Advisors is 20% over three years and 630% over five years. In the latest year (FY 2023) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MGB Advisors is 27AARCS8845F2ZN, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 29AARCS8845F1ZK (Karnataka), 07AARCS8845F1ZQ (Delhi).
The CIN (Corporate Identification Number) of MGB Advisors is U74110MH2010PTC206384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGB Advisors was incorporated on 09 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Anisha Bhandari Jeenendra ceased to be Additional Director on 30 Sep 2019. Harsh Vardhan Bhandari ceased to be Additional Director on 30 Sep 2019. Rajeev Biyani ceased to be Additional Director on 20 May 2019. MGB Advisors has 7 board changes on record in total.
MGB Advisors has 7 MSME Form 1 returns on record between 2021 and 2023, listing 107 overdue payments to 34 micro and small suppliers. The latest return was filed on 16 Dec 2023.
MGB Advisors can be reached through the website mgbadvisors.com. Its registered office is in Mumbai, Maharashtra, India.