About MGS Technology Private Limited
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MGS Technology Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Mansoft Qatar Wll. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74140PN2008PTC132871. Its GSTIN is 27AAFCM3544H1ZG (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹97.5 Lakh. It was formerly known as Techsignia Solutions Private Limited and Mansoft Systems Private Limited. It is led by directors including Venugopalan Kizhanipurath and Ajit Viswambharan Nair.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Cybercity Tower S – 4 Office No. 301 Magarpatta City Hadapsar, Pune, Maharashtra, India – 411013.
As per the financials filed for FY 2025, the company reported a revenue of ₹38.39 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹4.52 Cr (net margin 11.8%) and EBITDA of ₹7.07 Cr (EBITDA margin 18.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company has about 173 employees on its provident fund (EPFO) records.
The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹3.86 Cr; the latest was in September 2014. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Competent Software Private Limited with revenue of ₹39.01 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgstech.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressCybercity Tower S – 4 Office No. 301 Magarpatta City Hadapsar, Pune, Maharashtra, India – 411013
- IndustryInformation Technology, IT Consulting & Support Services
- 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 MGS Technology Private Limited
The main business activity of MGS Technology is information and communication. In detail, this covers computer programming, consultancy and related activities and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
| J | Information and communication | J8 | Other information & communication service activities | 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 MGS Technology Private Limited FY 2025 filings available
MGS Technology Private Limited reported revenue of ₹38.39 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of MGS Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 18% growth in the latest year. EBITDA rose 13% 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 MGS Technology Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹7.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.52 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 MGS Technology Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.8% | •••• | •••• | •••• | •••• |
| 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 MGS Technology 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 MGS Technology Private Limited
MGS Technology Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and 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 |
|---|---|---|---|---|---|---|
| Competent Software Private Limited | ₹39.01 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Analytic Edge Private Limited | ₹38.91 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Ciphercloud India Private Limited | ₹38.73 Cr (FY 2022) | •••• | •••• | 23.0% | •••• | Hyderabad, Telangana, India |
| Cable and Wireless Global (India) Private Limited | ₹38.64 Cr (FY 2023) | •••• | •••• | -29.0% | •••• | Bengaluru, Karnataka, India |
| Simple Logic IT Private Limited | ₹38.59 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Mumbai, Maharashtra, India |
| MGS Technology Private Limited this company | ₹38.39 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Pune, Maharashtra, India |
| Synthesis Systems India Private Limited | ₹38.37 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Noida, Uttar Pradesh, India |
| PGS Premiere Conferencing Private Limited | ₹38.19 Cr (FY 2019) | •••• | •••• | -25.0% | •••• | Bangalore, Karnataka, India |
| Autoplant System India Private Limited | ₹38.12 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Navi Mumbai, Maharashtra, India |
| Trident Information Systems Private Limited | ₹37.99 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | New Delhi, Delhi, India |
| Reliable IT Services Private Limited | ₹37.94 Cr (FY 2025) | •••• | •••• | 18962.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below MGS Technology by revenue in the Information Technology industry (IT Consulting and 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 MGS Technology Private Limited
MGS Technology Private Limited is audited by J C R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J C R & Co. LLP | 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 MGS Technology Private Limited
MGS Technology has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venugopalan Kizhanipurath | Director | 20 Aug 2008 | 18 Years 1 Months | Current |
| Ajit Viswambharan Nair | Director | 08 Jan 2019 | 7 Years 9 Months | Current |
| Santhosh Krishnamoorthy | Director | 08 Jan 2019 | 7 Years 9 Months | Current |
Ownership and Shareholding of MGS Technology 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 MGS Technology Private Limited
MGS Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of MGS Technology Private Limited
MGS Technology Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹3.86 Cr; the latest was in September 2014.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2008 | Funding round | ₹3.86 Cr | Investors: an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by MGS Technology Private Limited
MGS Technology Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Saavy Agro Fresh Private Limited | •••• | •••• | •••• |
| Paysquare Consultancy Limited | •••• | •••• | •••• |
| JCR & Co | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 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 MGS Technology Private Limited
MGS Technology Private Limited has a workforce of 173 employees as of Apr 08, 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.
Name History of MGS Technology Private Limited
MGS Technology has undergone 3 name changes throughout its history. The company was previously known as Techsignia Solutions Private Limited, Mansoft Systems Private Limited, and Gfi Informatique India Private Limited. The current legal name is Mgs Technology Private Limited.
| Company Name | Status |
|---|---|
| MGS Technology Private Limited | Current |
| Techsignia Solutions Private Limited | Previous |
| Mansoft Systems Private Limited | Previous |
| Gfi Informatique India Private Limited | Previous |
CIN History of MGS Technology Private Limited
MGS Technology has one previous CIN (Corporate Identification Number): U74140MH2008PTC177835. The current CIN is U74140PN2008PTC132871, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140PN2008PTC132871 | Current |
| U74140MH2008PTC177835 | Previous |
Recent Activity on MGS Technology Private Limited
MGS Technology Private Limited has 12 board changes on record since 2008: 3 appointments and 9 cessations. The latest: Ravindran Narayan ceased to be Director on 30 Jun 2020.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for MGS Technology 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 MGS Technology 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 MGS Technology Private Limited
MGS Technology has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM3544H1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCM3544H2ZF | Maharashtra | Active | 27 Jul 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 MGS Technology 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 MGS Technology Private Limited
MGS Technology is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 January 2008 (18+ years old) and is registered under CIN U74140PN2008PTC132871.
MGS Technology reported revenue of ₹38.39 Cr for FY 2025 (up 18% YoY).
MGS Technology has 3 current directors:
- Venugopalan Kizhanipurath - Director
- Ajit Viswambharan Nair - Director
- Santhosh Krishnamoorthy - Director
MGS Technology reported a net profit of ₹4.52 Cr (net margin 11.8%) and EBITDA of ₹7.07 Cr (EBITDA margin 18.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MGS Technology is -1% over three years and 6% over five years. In the latest year (FY 2025) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MGS Technology is 27AAFCM3544H1ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAFCM3544H2ZF (Maharashtra).
The CIN (Corporate Identification Number) of MGS Technology is U74140PN2008PTC132871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGS Technology was incorporated on 16 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
MGS Technology has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹3.86 Cr; the latest was in September 2014.
The peers of MGS Technology by revenue are Competent Software Private Limited, Analytic Edge Private Limited, Ciphercloud India Private Limited, Cable and Wireless Global (India) Private Limited, Simple Logic IT Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Ravindran Narayan ceased to be Director on 30 Jun 2020. Ajit Viswambharan Nair ceased to be Additional Director on 23 Aug 2019. Santhosh Krishnamoorthy ceased to be Additional Director on 23 Aug 2019. MGS Technology has 12 board changes on record in total.
MGS Technology has 2 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 20 Oct 2020.