MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0068936
Middshine Technologis Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.05 Cr
▼ 47% YoY
Net loss · FY 2023
₹50.1 Lakh
Net margin -47.5%
EBITDA · FY 2023
-₹38.07 Lakh
EBITDA margin -36.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
37
Provident fund records
About Middshine Technologis Private Limited
Data last updated:
Middshine Technologis Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2013PTC147010. Its GSTIN is 29AAICM5631L1Z0 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Midshine Infotech Private Limited. It is led by directors Srinivasamohan Kumar Varigonda and Surendra Babu Varigonda.
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 A – 702 Kanchan Heights Parvati Sinhagad Road, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.05 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹50.1 Lakh (net margin -47.5%) and EBITDA of -₹38.07 Lakh (EBITDA margin -36.1%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 7% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
Middshine Technologis Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0068936). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midshiner.com.
Company Details of Middshine Technologis Private Limited
CIN U72200PN2013PTC147010
Registration Number 147010
Incorporation Date 19 April 2013
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0068936
CIN History of Middshine Technologis Private Limited
Middshine Technologis has one previous CIN (Corporate Identification Number): U74110PN2013PTC147010. The current CIN is U72200PN2013PTC147010, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200PN2013PTC147010 | Current |
| U74110PN2013PTC147010 | Previous |
Recognitions & Rankings of Middshine Technologis
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressA – 702 Kanchan Heights Parvati Sinhagad Road, Pune, Maharashtra, India – 411030
- IndustryInformation Technology, IT Consulting & Support Services
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Business Activity of Middshine Technologis Private Limited
The main business activity of Middshine Technologis is manufacturing. In detail, this covers manufacture of food products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products | Locked |
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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 Middshine Technologis Private Limited FY 2025 filings available
Middshine Technologis Private Limited reported revenue of ₹1.05 Cr (down 47% YoY) for FY 2023.
Revenue · FY 2023
₹1.05 Cr ▼ 47%
Net loss · FY 2023
₹50.1 Lakh margin -47.5%
EBITDA · FY 2023
-₹38.07 Lakh margin -36.1%
Compounded Annual Growth Rate (CAGR) of Middshine Technologis Private Limited
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 9%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 230%
3 years · compounded
▼ 77%
5 years · compounded
▼ 40%
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 47% fall in the latest year. EBITDA fell 230% 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 Middshine Technologis 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹38.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹50.1 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 Middshine Technologis Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -47.5% | •••• | •••• | •••• | •••• |
| 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 Middshine Technologis are in the company report.
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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.
Board of Directors of Middshine Technologis Private Limited
Middshine Technologis has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasamohan Kumar Varigonda Also directs: Aibot Ink Private Limited | Director | 07 Jan 2022 | 4 Years 9 Months | Current |
| Surendra Babu Varigonda Also directs: Aibot Ink Private Limited | Director | 07 Mar 2019 | 7 Years 7 Months | Current |
Peer Comparison of Middshine Technologis Private Limited
Middshine Technologis Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Manufacture of food products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hanyang (India) Private Limited | ₹1.06 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Adayar, Tamil Nadu, India |
| Hita Healthcare Private Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Arogya Millets Producer Company Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Vizianagaram, Andhra Pradesh, India |
| Deep Rice Private Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Sultanpur, Punjab, India |
| SKS Food and Hospitality Private Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | 174.0% | •••• | Ranaghat, West Bengal, India |
| Middshine Technologis Private Limited this company | ₹1.05 Cr (FY 2023) | •••• | •••• | -47.0% | •••• | Pune, Maharashtra, India |
| BKM Agro Products Private Limited | ₹1.05 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| First Feet Engineering and Automation Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 389.0% | •••• | Kanchipuram, Tamil Nadu, India |
| Delisnaq Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | New Delhi, Delhi, India |
| Instantall Earth Movers Private Limited | ₹1.04 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Waseu Life Science Private Limited | ₹1.03 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Middshine Technologis by revenue in the same principal business activity (Manufacture of food products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Middshine Technologis Private Limited
Open charges
₹25 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 May 2019 | Others | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Middshine Technologis Private Limited
Employment history and EPFO contributions of people linked to Middshine Technologis.
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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 Middshine Technologis Private Limited
Middshine Technologis Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Brahmaiah Varigonda ceased to be Director on 07 Jan 2022.
AGM
Middshine Technologis Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Middshine Technologis Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Brahmaiah Varigonda ceased to be Director.
Appointed
Srinivasamohan Kumar Varigonda was appointed as Director.
Ceased
Anjali Madankumar ceased to be Director.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100269765 was registered on 28 May 2019.
Ceased
Sunita Subhash Sutar ceased to be Director.
Appointed
Surendra Babu Varigonda was appointed as Director.
Incorporation
19 Apr 2013
Middshine Technologis Private Limited was registered on 19 Apr 2013 with Roc Pune & aged 13 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Middshine Technologis Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Middshine Technologis Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
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Subsidiaries & Group Companies of Middshine Technologis Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Middshine Technologis Private Limited
Middshine Technologis has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM5631L1Z0 | Karnataka | Active | 04 Jun 2020 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Middshine Technologis Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Middshine Technologis Private Limited
Middshine Technologis 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 19 April 2013 (13+ years old) and is registered under CIN U72200PN2013PTC147010.
Middshine Technologis reported revenue of ₹1.05 Cr for FY 2023 (down 47% YoY).
Middshine Technologis has 2 current directors:
- Srinivasamohan Kumar Varigonda - Director
- Surendra Babu Varigonda - Director
Middshine Technologis reported a net loss of ₹50.1 Lakh (net margin -47.5%) and EBITDA of -₹38.07 Lakh (EBITDA margin -36.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Middshine Technologis is -9% over three years and -7% over five years. In the latest year (FY 2023) revenue fell 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Middshine Technologis is 29AAICM5631L1Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Middshine Technologis is U72200PN2013PTC147010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Middshine Technologis was incorporated on 19 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Middshine Technologis by revenue are Hanyang (India) Private Limited, Hita Healthcare Private Limited, Arogya Millets Producer Company Limited, Deep Rice Private Limited, SKS Food and Hospitality Private Limited and 5 more, all in the same principal business activity (Manufacture of food products).
Brahmaiah Varigonda ceased to be Director on 07 Jan 2022. Srinivasamohan Kumar Varigonda was appointed as Director on 07 Jan 2022. Anjali Madankumar ceased to be Director on 28 Dec 2020. Middshine Technologis has 5 board changes on record in total.
Yes, Middshine Technologis is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0068936).