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 The company has 1 GST registration on record, which is no longer active.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.
Company details
Contact details
MGB Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is mgbadvisors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of MGB Advisors 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
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of MGB Advisors Private Limited, buy the company report.
Financials of MGB Advisors Private Limited
FY 2018 filings availableMGB Advisors Private Limited reported revenue of ₹20.66 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹5.9 Cr | ||||
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| Net Profit (PAT) | ₹66.72 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 28.6% | ||||
| Net Profit Margin | 3.2% | ||||
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To see the full financial statements and ratios of MGB Advisors Private Limited, buy the company report.
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 3 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 |
Auditor
MGB Advisors Private Limited is audited by V.R.JAIN&CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.R.JAIN&CO | FY 2018 | 103985W |
Shareholding
The shareholding of MGB Advisors Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of MGB Advisors Private Limited, buy the company report.
Legal cases
MGB Advisors Private Limited has 4 court cases on record: 4 filed by MGB Advisors. All cases are disposed.
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, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Ajay Agarwal Liquidator of Pan India Infra Projects Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed by the company against Sharada Erectors Pvt. Ltd and 2 others | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of MGB Advisors 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for MGB Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
GST
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.
To see the full GST registrations and return filing status of MGB Advisors Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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.
The latest financial statements of MGB Advisors on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. MGB Advisors has 1 GST registration on record and it is cancelled or inactive.
MGB Advisors operated in the business outsourcing industry, in the accounting and financial analysis segment.