About MHG Technologies Private Limited
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MHG Technologies Private Limited is a private limited company based in Hosakote, Karnataka, India, recognised as a startup by DPIIT. It operates in the games segment of the printing and publishing sector. It was incorporated on 29 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2018PTC176211. Its GSTIN is 27AAMCM2610D1ZS (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors including Jasmeet Gandhi Singh and Roli Rajawat.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hosakote, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹59.19 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹11.53 Lakh (net margin -19.5%) and EBITDA of -₹11.87 Lakh (EBITDA margin -20.1%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years.
The company is associated with 1 brand: MHG Technologies. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹7.36 Cr; the latest was in April 2021. Its 10 peer companies in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Creative Clutch Private Limited with revenue of ₹59.3 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mhgtechnologies.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressG25/804 Sandeep Vihar Owners Welfare Association, Kannamangala Whitefield, Hosakote, Karnataka, India – 560067
- IndustryPrinting & Publishing, Games, System Software, Application Software, Software, Publishing
- 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 MHG Technologies Private Limited
The main business activity of MHG Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 MHG Technologies Private Limited FY 2023 filings available
MHG Technologies Private Limited reported revenue of ₹59.19 Lakh (down 42% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of MHG Technologies Private Limited
Revenue fell 42% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 69%. EBITDA rose 73% 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 MHG Technologies 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 | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹11.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.53 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of MHG Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -19.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| 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 MHG Technologies are in the company report.
Financial statements from FY 2019
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 MHG Technologies Private Limited
MHG Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Creative Clutch Private Limited | ₹59.3 Lakh (FY 2024) | •••• | •••• | 143.0% | •••• | Noida, Uttar Pradesh, India |
| Citius Solutions Private Limited | ₹59.25 Lakh (FY 2024) | •••• | •••• | 2094.0% | •••• | Hyderabad, Telangana, India |
| Marwarpay Info Solutions Private Limited | ₹59.24 Lakh (FY 2024) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Edgecx Private Limited | ₹59.23 Lakh (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Falcosys Infotech Private Limited | ₹59.22 Lakh (FY 2024) | •••• | •••• | 196.0% | •••• | Thoothukudi, Tamil Nadu, India |
| MHG Technologies Private Limited this company | ₹59.19 Lakh (FY 2023) | •••• | •••• | -42.0% | •••• | Hosakote, Karnataka, India |
| Rapsys Tech Solutions Private Limited | ₹59.15 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Delhi, India |
| Bend Plus Technologies Private Limited | ₹59.1 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Thane, Maharashtra, India |
| Lsquared AI Private Limited | ₹59.09 Lakh (FY 2025) | •••• | •••• | 3020.0% | •••• | Kozhikode, Kerala, India |
| Narsimha Management Services Private Limited | ₹59.02 Lakh (FY 2020) | •••• | •••• | 268.0% | •••• | Gurgaon, Haryana, India |
| Transform Automations India Private Limited | ₹59.02 Lakh (FY 2025) | •••• | •••• | 124.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below MHG Technologies by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 MHG Technologies Private Limited
MHG Technologies Private Limited is audited by PAVAN GOYAL & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PAVAN GOYAL & 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.
Board of Directors of MHG Technologies Private Limited
MHG Technologies has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasmeet Gandhi Singh | Director | 21 May 2019 | 7 Years 4 Months | Current |
| Roli Rajawat Also directs: MHG Digital Technologies Private Limited | Director | 29 Nov 2018 | 7 Years 10 Months | Current |
| Dushyant Saraswat | Director | 29 Nov 2018 | 7 Years 10 Months | Current |
| Manju Saraswat | Director | 16 Feb 2019 | 7 Years 8 Months | Current |
Ownership and Shareholding of MHG Technologies 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 MHG Technologies Private Limited
MHG Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of MHG Technologies Private Limited
MHG Technologies Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹7.36 Cr; the latest was in April 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Funding round | Undisclosed | Investors: Mcarbon Tech Innovation Private Limited , 3 individuals |
| Nov 2020 | Funding round | ₹3.89 Cr | Investors: 4 individuals |
| Oct 2019 | Funding round | ₹2.22 Cr | Investors: 4 individuals |
| Jul 2019 | Funding round | ₹1.25 Cr | Investors: 3 individuals |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 7 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.
Associated Brands with MHG Technologies Private Limited
MHG Technologies operates one associated brand: MHG Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers ML-powered AR/VR solutions for multiplayer gaming experiences. | mhgtechnologies.com |
Employees and EPFO Compliance at MHG Technologies Private Limited
Employment history and EPFO contributions of people linked to MHG Technologies.
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.
CIN History of MHG Technologies Private Limited
MHG Technologies has one previous CIN (Corporate Identification Number): U72200MH2018PTC317623. The current CIN is U72200KA2018PTC176211, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2018PTC176211 | Current |
| U72200MH2018PTC317623 | Previous |
Recent Activity on MHG Technologies Private Limited
MHG Technologies Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Jasmeet Gandhi Singh ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for MHG Technologies 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 MHG Technologies 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 MHG Technologies 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 MHG Technologies Private Limited
MHG Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM2610D1ZS | Maharashtra | Active | 24 Dec 2018 |
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 MHG Technologies 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.
Related news about MHG Technologies Private Limited
Frequently Asked Questions about MHG Technologies Private Limited
MHG Technologies is an active private limited company based in Hosakote, Karnataka, India. The company works in games, within the printing and publishing industry. It was incorporated on 29 November 2018 (8+ years old) and is registered under CIN U72200KA2018PTC176211.
MHG Technologies reported revenue of ₹59.19 Lakh for FY 2023 (down 42% YoY).
MHG Technologies has 4 current directors:
- Jasmeet Gandhi Singh - Director
- Roli Rajawat - Director
- Dushyant Saraswat - Director
- Manju Saraswat - Director
MHG Technologies reported a net loss of ₹11.53 Lakh (net margin -19.5%) and EBITDA of -₹11.87 Lakh (EBITDA margin -20.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MHG Technologies is 69% over three years. In the latest year (FY 2023) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MHG Technologies is 27AAMCM2610D1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of MHG Technologies is U72200KA2018PTC176211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MHG Technologies was incorporated on 29 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
MHG Technologies has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹7.36 Cr; the latest was in April 2021.
The peers of MHG Technologies by revenue are Creative Clutch Private Limited, Citius Solutions Private Limited, Marwarpay Info Solutions Private Limited, Edgecx Private Limited, Falcosys Infotech Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Jasmeet Gandhi Singh ceased to be Additional Director on 30 Sep 2019. Manju Saraswat ceased to be Additional Director on 30 Sep 2019. Jasmeet Gandhi Singh was appointed as Director on 21 May 2019. MHG Technologies has 6 board changes on record in total.