About MGB Advisors Private Limited
Data last updated:
MGB Advisors Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of James Mccartney Software Technologies Private 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 accounting and financial analysis segment of the business process outsourcing sector. It was incorporated on 05 February 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2003PTC139017. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41 Lakh. It was led by directors Rajeev Biyani and Prakash Mishrimal Jain.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was 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 ₹66.72 Lakh (net margin 3.2%) and EBITDA of ₹5.9 Cr (EBITDA margin 28.6%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 630% over five years.
The company was associated with 1 brand: MGB Advisor. Court records list 4 cases involving the company, including 4 filed by the company.
The last known website on record is mgbadvisors.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPeninsula Business Park Tower – B 19th Floor Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryBusiness Outsourcing, Accounting and Financial Analysis, Business & IT Consulting
- 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
Business Activity of MGB Advisors Private Limited
The main business activity of MGB Advisors is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of MGB Advisors Private Limited FY 2018 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 fell 16% 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.9 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹66.72 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 of MGB Advisors Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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.
Peer Comparison of MGB Advisors Private Limited
MGB Advisors Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Accounting and Financial Analysis, Consulting 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 |
|---|---|---|---|---|---|---|
| Sarphy Infra & Financial Services Private Limited | ₹20.79 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Kolkata, West Bengal, India |
| Back Stage Solution Private Limited | ₹20.78 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Yuseong Enterprises Private Limited | ₹20.77 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Tiruvallur, Tamil Nadu, India |
| Paragon Advisor Partners LLP | ₹20.75 Cr (FY 2021) | •••• | •••• | 30.0% | •••• | New Delhi, Delhi, India |
| Bhagwati Distribution Private Limited | ₹20.71 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Jaipur, Rajasthan, India |
| MGB Advisors Private Limited this company | ₹20.66 Cr (FY 2023) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| SSB Consultants & Management Services Private Limited | ₹20.64 Cr (FY 2020) | •••• | •••• | 213.0% | •••• | Noida, Uttar Pradesh, India |
| Destination Solutions and Services Private Limited | ₹20.6 Cr (FY 2023) | •••• | •••• | 103.0% | •••• | Kolkata, West Bengal, India |
| Boston Financial Advisory Group Private Limited | ₹20.59 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Josper Services Private Limited | ₹20.58 Cr (FY 2021) | •••• | •••• | 429.0% | •••• | New Delhi, Delhi, India |
| Mahabal Enviro Engineers Pvt Ltd | ₹20.58 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below MGB Advisors by revenue in the Outsourcing industry (Accounting and Financial Analysis, Consulting 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 MGB Advisors Private Limited
MGB Advisors Private Limited is audited by V.R.JAIN&CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V.R.JAIN&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 |
|---|---|---|---|---|
| Rajeev Biyani Also directs: Mgi (India) Consulting Private Limited, Sri Durgamba Transway Private Limited, Abxii Technologies Private Limited and 4 more | Director | 22 Jul 2008 | 18 Years 2 Months | As last reported |
| Prakash Mishrimal Jain Also directs: Mgi (India) Consulting Private Limited | Director | 29 Mar 2012 | 14 Years 6 Months | As last reported |
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.
Legal Cases of MGB Advisors Private Limited
MGB Advisors Private Limited has 4 court cases on record: 4 filed by MGB Advisors. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Insolvency matter | Filed by the company against Projects Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed by the company against Sharada Erectors Private Limited | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 4 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 MGB Advisors Private Limited
MGB Advisors operates one associated brand: MGB Advisor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides business advisory, assurance, tax, and risk management services to clients. | mgbadvisors.com |
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 2018. The table lists each entity with its relationship and holding.
Recent Activity on MGB Advisors Private Limited
MGB Advisors Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Prakash Mishrimal Jain ceased to be Additional Director on 29 Sep 2012.
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.
MSME Payment Delays by MGB Advisors Private 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 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 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 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.
MGB Advisors was a private limited company based in Mumbai, Maharashtra, India. The company worked in accounting and financial analysis, within the business outsourcing industry. It was incorporated on 05 February 2003 and is registered under CIN U74140MH2003PTC139017. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
MGB Advisors was incorporated on 05 February 2003. It is registered with the Registrar of Companies, Mumbai.
MGB Advisors had 2 directors:
- Rajeev Biyani - Director
- Prakash Mishrimal Jain - Director
The CIN (Corporate Identification Number) of MGB Advisors is U74140MH2003PTC139017. 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 MGB Advisors is at Peninsula Business Park Tower – B 19th Floor Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
MGB Advisors can be reached through the website mgbadvisors.com. Its registered office is in Mumbai, Maharashtra, India.
MGB Advisors reported revenue of ₹20.66 Cr for FY 2023 (up 8% YoY).
MGB Advisors has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41 Lakh.
MGB Advisors reported a net profit of ₹66.72 Lakh (net margin 3.2%) and EBITDA of ₹5.9 Cr (EBITDA margin 28.6%) for FY 2023, as per its filed financial statements.
No. MGB Advisors has 1 GST registration on record and it is cancelled or inactive.