About Midsource Consulting Private Limited
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Midsource Consulting Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U93090KL2019PTC059020. Its GSTIN is 32AAMCM8455E1ZC (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Krishnan Prabha Midhun (Managing Director) and Krishnan Prabhakaran.
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 66/3831 Midsource Consulting Pvt .Ltd V – Traders Building Doraiswamy Iyer Road, Ernakulam, Kerala, India – 682035.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.56 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹29.38 Lakh (net margin 18.8%) and EBITDA of ₹37.33 Lakh (EBITDA margin 23.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the company has open charges of ₹19.95 Lakh on record.
For more details, the company can be reached via its website midsourceconsulting.com.
Company details
Contact details
Midsource Consulting Private Limited's registered office is in Ernakulam, Kerala. Its website is midsourceconsulting.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address66/3831 Midsource Consulting Pvt .Ltd V – Traders Building Doraiswamy Iyer Road, Ernakulam, Kerala, India – 682035
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Midsource Consulting 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
Business activity
The main business activity of Midsource Consulting is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Midsource Consulting Private Limited, buy the company report.
Financials of Midsource Consulting Private Limited
FY 2024 filings availableMidsource Consulting Private Limited reported revenue of ₹1.56 Cr (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA rose 49% 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 | ₹37.33 Lakh | ||||
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| Net Profit (PAT) | ₹29.38 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 23.9% | ||||
| Net Profit Margin | 18.8% | ||||
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To see the full financial statements and ratios of Midsource Consulting Private Limited, buy the company report.
Board of directors of Midsource Consulting Private Limited
Midsource Consulting has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnan Prabhakaran | Director | 29 Jul 2019 | 7 Years 2 Months | Current |
| Krishnan Prabha Midhun | Managing Director | 29 Jul 2019 | 7 Years 2 Months | Current |
Peer comparison
Midsource Consulting Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infipot Solutions Private Limited | ₹1.56 Cr (FY 2024) | -16.0% | Madurai, Tamil Nadu, India | |||
| Cogniquest Technologies Private Limited | ₹1.56 Cr (FY 2025) | 56.0% | Bangalore, Karnataka, India | |||
| Coleague Solutions Private Limited | ₹1.56 Cr (FY 2024) | 10.0% | Bangalore, Karnataka, India | |||
| Midsource Consulting Private Limitedthis company | ₹1.56 Cr (FY 2024) | ₹29.38 Lakh | 18.8% | -17.0% | Ernakulam, Kerala, India | |
| Right Skale Private Limited | ₹1.56 Cr (FY 2024) | 106300.0% | Mumbai, Maharashtra, India | |||
| Mekanism Private Limited | ₹1.56 Cr (FY 2025) | 21.0% | Rajkot, Gujarat, India | |||
| Archon Solutions Private Limited | ₹1.56 Cr (FY 2025) | 70.0% | Ernakulam, Kerala, India | |||
| SBC Safety & Security Private Limited | ₹1.56 Cr (FY 2022) | Chengalpet, Tamil Nadu, India |
To see the full peer comparison of Midsource Consulting Private Limited, buy the company report.
Auditor
Midsource Consulting Private Limited is audited by KOVOOR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOVOOR & CO | FY 2021 | 007807S |
Shareholding
The shareholding of Midsource Consulting Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Midsource Consulting Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2023 | 100857025 | Others | ₹19.95 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Midsource Consulting 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 Midsource Consulting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Midsource Consulting has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAMCM8455E1ZC | Kerala | Active | 10 Aug 2019 |
To see the full GST registrations and return filing status of Midsource Consulting Private Limited, buy the company report.
Recent activity
Midsource Consulting Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Krishnan Prabha Midhun was appointed as Managing Director on 29 Jul 2019.
Frequently asked questions
Midsource Consulting is an active private limited company based in Ernakulam, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 July 2019 (7+ years old) and is registered under CIN U93090KL2019PTC059020.
Midsource Consulting has 2 current directors:
- Krishnan Prabha Midhun - Managing Director
- Krishnan Prabhakaran - Director
The latest financial statements of Midsource Consulting on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Midsource Consulting is 32AAMCM8455E1ZC, registered in Kerala.
The CIN (Corporate Identification Number) of Midsource Consulting is U93090KL2019PTC059020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Midsource Consulting was incorporated on 29 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Midsource Consulting by revenue are Infipot Solutions Private Limited, Cogniquest Technologies Private Limited, Coleague Solutions Private Limited, Right Skale Private Limited, Mekanism Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Krishnan Prabha Midhun was appointed as Managing Director on 29 Jul 2019. Krishnan Prabhakaran was appointed as Director on 29 Jul 2019.
Midsource Consulting can be reached through the website midsourceconsulting.com. Its registered office is in Ernakulam, Kerala, India.
The registered office of Midsource Consulting is at 663831 Midsource Consulting Pvt .Ltd V – Traders Building Doraiswamy Iyer Road, Ernakulam, Kerala, India – 682035.
Midsource Consulting operates in the information technology industry, in the IT consulting and support services segment.