About Millano IT Solutions Private Limited
Data last updated:
Millano IT Solutions Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 04 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB2017PTC222615. Its GSTIN is 19AALCM3058L1ZX (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Amit Mitra and Amit Jain.
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 Bharat Bhawan 2nd Floor Room – C5 3rd C.R.Avenue, Kolkata, West Bengal, India – 700072.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.99 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹17.42 Lakh (net margin 2.9%) and EBITDA of ₹27.42 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 17% over five years.
The company is associated with 1 brand: Millano. As per MCA filings, the company has open charges of ₹2.5 Cr 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 millano.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBharat Bhawan 2nd Floor Room – C5 3rd C.R.Avenue, Kolkata, West Bengal, India – 700072
- IndustryInformation Technology, IT Products Retail & Distribution
- 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 Millano IT Solutions Private Limited
The main business activity of Millano IT Solutions is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | 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 Millano IT Solutions Private Limited FY 2025 filings available
Millano IT Solutions Private Limited reported revenue of ₹5.99 Cr (up 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Millano IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 60% growth in the latest year. EBITDA rose 67% 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 Millano IT Solutions 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 | ₹27.42 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.42 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 Millano IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| 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 Millano IT Solutions are in the company report.
Financial statements from FY 2018
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 Millano IT Solutions Private Limited
Millano IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Living Audio Private Limited | ₹6 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Ov Technology Services Private Limited | ₹6 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Jaipur, Rajasthan, India |
| Madhav Technologies Private Limited | ₹6 Cr (FY 2021) | •••• | •••• | 124.0% | •••• | New Delhi, Delhi, India |
| Invincible Publication Private Limited | ₹5.99 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Gurgaon, Haryana, India |
| Semtrons IT Solutions Private Limited | ₹5.99 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Delhi, India |
| Millano IT Solutions Private Limited this company | ₹5.99 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Kolkata, West Bengal, India |
| Interlink Information Systems Pvt Ltd | ₹5.99 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Inochi Finsecure Private Limited | ₹5.97 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Unique Technocom Private Limited | ₹5.97 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Mehsana, Gujarat, India |
| Vipin Imports Pvt Ltd | ₹5.97 Cr (FY 2019) | •••• | •••• | -26.0% | •••• | New Delhi, Delhi, India |
| Rain Maker Distribution Private Limited | ₹5.97 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Millano IT Solutions by revenue in the Information Technology industry (IT Products Retail and Distribution), 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 Millano IT Solutions Private Limited
Millano IT Solutions Private Limited is audited by Dsv & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Dsv & 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 Millano IT Solutions Private Limited
Millano IT Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Mitra Also directs: Shrivardhaman Heights LLP, Same Day Dentistry Private Limited, Dr Earth AI Technologies Private Limited and 2 more | Director | 04 Sep 2017 | 9 Years 1 Months | Current |
| Amit Jain Also directs: Shrivardhaman Heights LLP, Same Day Dentistry Private Limited | Director | 04 Sep 2017 | 9 Years 1 Months | Current |
| Shubham Jain Also directs: Shrivardhaman Heights LLP | Director | 12 Aug 2024 | 2 Years 1 Months | Current |
Ownership and Shareholding of Millano IT Solutions 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 Millano IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2025 | Others | ₹80 Lakh | Open |
| 16 Nov 2023 | Others | ₹1.7 Cr | Open |
Total charge records: 2 View all charges
Associated Brands with Millano IT Solutions Private Limited
Millano IT Solutions operates one associated brand: Millano. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT solutions and hardware distribution in the technology sector. | millano.in |
Employees and EPFO Compliance at Millano IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Millano IT Solutions.
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 Millano IT Solutions Private Limited
Millano IT Solutions Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Shubham Jain ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Millano IT Solutions 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 Millano IT Solutions 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 Millano IT Solutions 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 Millano IT Solutions Private Limited
Millano IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AALCM3058L1ZX | West Bengal | Active | 23 Nov 2017 |
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 Millano IT Solutions 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 Millano IT Solutions Private Limited
Millano IT Solutions is an active private limited company based in Kolkata, West Bengal, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 04 September 2017 (9+ years old) and is registered under CIN U74999WB2017PTC222615.
Millano IT Solutions reported revenue of ₹5.99 Cr for FY 2025 (up 60% YoY).
Millano IT Solutions has 3 current directors:
- Amit Mitra - Director
- Amit Jain - Director
- Shubham Jain - Director
Millano IT Solutions reported a net profit of ₹17.42 Lakh (net margin 2.9%) and EBITDA of ₹27.42 Lakh (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Millano IT Solutions is 50% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Millano IT Solutions is 19AALCM3058L1ZX, registered in West Bengal.
The CIN (Corporate Identification Number) of Millano IT Solutions is U74999WB2017PTC222615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Millano IT Solutions was incorporated on 04 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Millano IT Solutions by revenue are Living Audio Private Limited, Ov Technology Services Private Limited, Madhav Technologies Private Limited, Invincible Publication Private Limited, Semtrons IT Solutions Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Shubham Jain ceased to be Additional Director on 29 Sep 2024. Shubham Jain was appointed as Director on 12 Aug 2024. Jinesh Jain ceased to be Additional Director on 29 Sep 2023. Millano IT Solutions has 6 board changes on record in total.
Millano IT Solutions can be reached through the website millano.in. Its registered office is in Kolkata, West Bengal, India.