Mgreen Innovations Private Limited
About Mgreen Innovations Private Limited
Data last updated:
Mgreen Innovations Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 25 April 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U37100KA2022PTC160488. Its GSTIN is 29AAPCM7005B1ZI (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mihir Mittal and Sheela Mittal.
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 No. 211/8 E Block Vijayanagar 3rd Stage, Mysore, Karnataka, India – 570030.
As per the financials filed for FY 2024, the company reported a revenue of ₹79.89 Lakh, a growth of 78% compared to the previous year. For the same year it recorded a net loss of ₹1.84 Lakh (net margin -2.3%) and EBITDA of ₹11.85 Lakh (EBITDA margin 14.8%).
As per MCA filings, the company has open charges of ₹65 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
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- Registered AddressNo. 211/8 E Block Vijayanagar 3rd Stage, Mysore, Karnataka, India – 570030
- IndustryEnvironment, Water Treatment
- 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 Mgreen Innovations Private Limited
The main business activity of Mgreen Innovations is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | 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 Mgreen Innovations Private Limited FY 2024 filings available
Mgreen Innovations Private Limited reported revenue of ₹79.89 Lakh (up 78% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mgreen Innovations Private Limited
Revenue rose 78% in the latest year. EBITDA rose 76% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Mgreen Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹11.85 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹1.84 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 Mgreen Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 14.8% | •••• |
| Net Profit Margin | -2.3% | •••• |
| 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 Mgreen Innovations are in the company report.
Financial statements from FY 2023
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.
Board of Directors of Mgreen Innovations Private Limited
Mgreen Innovations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mihir Mittal | Director | 25 Apr 2022 | 4 Years 5 Months | Current |
| Sheela Mittal Also directs: First Floor Infotech Private Limited | Director | 25 Apr 2022 | 4 Years 5 Months | Current |
Peer Comparison of Mgreen Innovations Private Limited
Mgreen Innovations Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rockdude Clean-Tech Private Limited | ₹81.07 Lakh (FY 2025) | •••• | •••• | 255.0% | •••• | Mumbai, Maharashtra, India |
| Ankanji Consultants Private Limited | ₹80.45 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Pune, Maharashtra, India |
| Fairmacs Processing and Packaging Private Limited | ₹80.32 Lakh (FY 2018) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Namo Greentech Private Limited | ₹80.21 Lakh (FY 2024) | •••• | •••• | 62.0% | •••• | Hyderabad, Telangana, India |
| MTC E-Waste Recycling Private Limited | ₹79.99 Lakh (FY 2025) | •••• | •••• | -66.0% | •••• | Mumbai, Maharashtra, India |
| Mgreen Innovations Private Limited this company | ₹79.89 Lakh (FY 2024) | •••• | •••• | 78.0% | •••• | Mysore, Karnataka, India |
| Vert Envirotech Private Limited | ₹79.1 Lakh (FY 2020) | •••• | •••• | -89.0% | •••• | Noida, Uttar Pradesh, India |
| Sakhya Enviro Private Limited | ₹78.83 Lakh (FY 2025) | •••• | •••• | -43.0% | •••• | New Delhi, Delhi, India |
| Yr Ventures Private Limited | ₹78.6 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| 3R Zerowaste Private Limited | ₹78.22 Lakh (FY 2024) | •••• | •••• | 27.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Ananthapur MSW Private Limited | ₹78.21 Lakh (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mgreen Innovations by revenue in the Cleantech industry (Recycling and Waste Treatment), 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 Mgreen Innovations Private Limited
Mgreen Innovations Private Limited is audited by PERUMAL AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PERUMAL AND ASSOCIATES | 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.
Ownership and Shareholding of Mgreen Innovations 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 Mgreen Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jun 2022 | State Bank of India | ₹65 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Mgreen Innovations Private Limited
Mgreen Innovations Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank | Disposed |
Full case history
All 2 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.
Employees and EPFO Compliance at Mgreen Innovations Private Limited
Mgreen Innovations Private Limited has a workforce of 0 employees as of Mar 30, 2024.
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.
Recent Activity on Mgreen Innovations Private Limited
Mgreen Innovations Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Mihir Mittal was appointed as Director on 25 Apr 2022.
Credit Ratings, Litigation & Regulatory Alerts for Mgreen Innovations 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 Mgreen Innovations 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 Mgreen Innovations 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 Mgreen Innovations Private Limited
Mgreen Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCM7005B1ZI | Karnataka | Active | 11 May 2022 |
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 Mgreen Innovations 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 Mgreen Innovations Private Limited
Mgreen Innovations is an active private limited company based in Mysore, Karnataka, India. The company works in water treatment, within the environment industry. It was incorporated on 25 April 2022 (4+ years old) and is registered under CIN U37100KA2022PTC160488.
Mgreen Innovations reported revenue of ₹79.89 Lakh for FY 2024 (up 78% YoY).
Mgreen Innovations has 2 current directors:
- Mihir Mittal - Director
- Sheela Mittal - Director
Mgreen Innovations reported a net loss of ₹1.84 Lakh (net margin -2.3%) and EBITDA of ₹11.85 Lakh (EBITDA margin 14.8%) for FY 2024, as per its filed financial statements.
The GSTIN of Mgreen Innovations is 29AAPCM7005B1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Mgreen Innovations is U37100KA2022PTC160488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mgreen Innovations has 2 court cases on record: 2 filed against it. 1 is pending.
Mgreen Innovations was incorporated on 25 April 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mgreen Innovations by revenue are Rockdude Clean-Tech Private Limited, Ankanji Consultants Private Limited, Fairmacs Processing and Packaging Private Limited, Namo Greentech Private Limited, MTC E-Waste Recycling Private Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).
Mihir Mittal was appointed as Director on 25 Apr 2022. Sheela Mittal was appointed as Director on 25 Apr 2022.
The registered office of Mgreen Innovations is at No. 2118 E Block Vijayanagar 3rd Stage, Mysore, Karnataka, India – 570030.