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About Microart Systems (India) Private Limited
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Microart Systems (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 11 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2003PTC143512. Its GSTIN is 27AADCM7695R1ZD (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sanjay Jayantilal Sheth and Manish Vallabhdas Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1002 Ruby Crescent Business Boulevard Ch. Ashok Road Kandivali (E), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2024, the company reported a revenue of ₹70.89 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.38 Cr (net margin 3.4%) and EBITDA of ₹3.86 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Microart Systems. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹14 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website microartsystems.com.
Company details
CIN history
Microart Systems (India) has one previous CIN (Corporate Identification Number): U72900MH2003PTC143512. The current CIN is U74110MH2003PTC143512, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2003PTC143512 | Current |
| U72900MH2003PTC143512 | Previous |
Contact details
Microart Systems (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is microartsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1002 Ruby Crescent Business Boulevard Ch. Ashok Road Kandivali (E), Mumbai, Maharashtra, India – 400101
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Microart Systems (India) 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
Microart Systems (India) operates one associated brand: Microart Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Printing services, equipment rentals, and IT products in India. | microartsystems.com |
Business activity
The main business activity of Microart Systems (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Microart Systems (India) Private Limited, buy the company report.
Financials of Microart Systems (India) Private Limited
FY 2025 filings availableMicroart Systems (India) Private Limited reported revenue of ₹70.89 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over three years, including 2% growth in the latest year. EBITDA rose 78% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.86 Cr | ||||
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| Net Profit (PAT) | ₹2.38 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 3.4% | ||||
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To see the full financial statements and ratios of Microart Systems (India) Private Limited, buy the company report.
Board of directors of Microart Systems (India) Private Limited
Microart Systems (India) has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Jayantilal Sheth | Director | 11 Dec 2003 | 22 Years 10 Months | Current |
| Manish Vallabhdas Shah | Director | 01 Feb 2010 | 16 Years 8 Months | Current |
Peer comparison
Microart Systems (India) Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Green Sources Private Limited | ₹71.13 Cr (FY 2025) | 23.0% | Mumbai, Maharashtra, India | |||
| Microart Systems (India) Private Limitedthis company | ₹70.89 Cr (FY 2024) | ₹2.38 Cr | 3.4% | 2.0% | 16 | Mumbai, Maharashtra, India |
| Rectifier House (India) Private Limited | ₹70.63 Cr (FY 2025) | 7.0% | Vasai East, Maharashtra, India | |||
| Secutech Automation (India) Private Limited | ₹70.47 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Shiyuan India Private Limited | ₹70.34 Cr (FY 2025) | 53.0% | Noida, Uttar Pradesh, India | |||
| Aditya Peripherals Private Limited | ₹69.75 Cr (FY 2025) | -16.0% | Kolhapur, Maharashtra, India |
To see the full peer comparison of Microart Systems (India) Private Limited, buy the company report.
Auditor
Microart Systems (India) Private Limited is audited by M A PAREKH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A PAREKH AND ASSOCIATES | FY 2023 | 121973W |
Shareholding
The shareholding of Microart Systems (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Microart Systems (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2024 | 100945160 | Others | ₹4 Cr | Open | |
| 06 Oct 2006 | 90349485 | Bank of Maharashtra | ₹14 Lakh | Satisfied |
To see the full charge records of Microart Systems (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Microart Systems (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Microart Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Microart Systems (India) Private Limited has a workforce of 16 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Microart Systems (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM7695R1ZD | Maharashtra | Active | 01 Jul 2017 |
| 27AADCM7695R2ZC | Maharashtra | Active | 16 Feb 2021 |
To see the full GST registrations and return filing status of Microart Systems (India) Private Limited, buy the company report.
Recent activity
Microart Systems (India) Private Limited has 3 board changes on record since 2003: 2 appointments and 1 cessation. The latest: Anita Sanjay Sheth ceased to be Director on 08 Apr 2010.
Frequently asked questions
Microart Systems (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 11 December 2003 (23+ years old) and is registered under CIN U74110MH2003PTC143512.
Microart Systems (India) has 2 current directors:
- Sanjay Jayantilal Sheth - Director
- Manish Vallabhdas Shah - Director
The latest financial statements of Microart Systems (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Microart Systems (India) is 27AADCM7695R1ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCM7695R2ZC (Maharashtra).
The CIN (Corporate Identification Number) of Microart Systems (India) is U74110MH2003PTC143512. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Microart Systems (India) was incorporated on 11 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Microart Systems (India) by revenue are Green Sources Private Limited, Rectifier House (India) Private Limited, Secutech Automation (India) Private Limited, Shiyuan India Private Limited, Aditya Peripherals Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Anita Sanjay Sheth ceased to be Director on 08 Apr 2010. Manish Vallabhdas Shah was appointed as Director on 01 Feb 2010. Sanjay Jayantilal Sheth was appointed as Director on 11 Dec 2003.
Microart Systems (India) can be reached through the website microartsystems.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Microart Systems (India) is at 1002 Ruby Crescent Business Boulevard Ch. Ashok Road Kandivali E, Mumbai, Maharashtra, India – 400101.
Microart Systems (India) operates in the information technology industry, in the electronic components and equipment manufacturing segment.
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