About Milvik Technology Services India Private Limited
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Milvik Technology Services India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Milvik Ab. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016FTC087248. Its GSTIN is 29AAKCM2692P1ZJ (Karnataka).
The company has an authorised share capital of ₹6.6 Cr and a paid-up capital of ₹3.3 Cr. It is led by directors Per Gustaf Arne Agartson and Balaji Jayavelu.
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 Wework 43 Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.11 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹50.26 Lakh (net margin 6.2%) and EBITDA of ₹74.08 Lakh (EBITDA margin 9.1%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 9% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bima Milvik.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milvik.in.
Company details
Contact details
Milvik Technology Services India Private Limited's registered office is in Bangalore, Karnataka. Its website is milvik.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWework 43 Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Milvik Technology Services 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
Milvik Technology Services India operates one associated brand: Bima Milvik. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile-based insurance and health services are delivered through a platform. | bimamobile.com |
Business activity
The main business activity of Milvik Technology Services India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Milvik Technology Services India Private Limited, buy the company report.
Financials of Milvik Technology Services India Private Limited
FY 2025 filings availableMilvik Technology Services India Private Limited reported revenue of ₹8.11 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 35% fall in the latest year. EBITDA fell 31% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹74.08 Lakh | ||||
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| Net Profit (PAT) | ₹50.26 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Milvik Technology Services India Private Limited, buy the company report.
Board of directors of Milvik Technology Services India Private Limited
Milvik Technology Services India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Per Gustaf Arne Agartson | Director | 17 Jan 2020 | 6 Years 9 Months | Current |
| Balaji Jayavelu | Director | 27 Mar 2020 | 6 Years 7 Months | Current |
Auditor
Milvik Technology Services India Private Limited is audited by VASAN & SAMPATH LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASAN & SAMPATH LLP | FY 2022 | 004542S |
Shareholding
The shareholding of Milvik Technology Services India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Milvik Technology Services India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Milvik Technology Services 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 Milvik Technology Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Milvik Technology Services India Private Limited has a workforce of 20 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 20 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Milvik Technology Services India Private Limited, buy the company report.
GST
Milvik Technology Services India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM2692P1ZJ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milvik Technology Services India Private Limited, buy the company report.
Recent activity
Milvik Technology Services India Private Limited has 16 board changes on record since 2016: 9 appointments and 7 cessations. The latest: Gary Lumsdon John ceased to be Director on 01 Jul 2021.
7 earlier events are in the company report.
News
Frequently asked questions
Milvik Technology Services India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 March 2016 (10+ years old) and is registered under CIN U72200KA2016FTC087248.
Milvik Technology Services India has 2 current directors:
- Per Gustaf Arne Agartson - Director
- Balaji Jayavelu - Director
The latest financial statements of Milvik Technology Services 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 FY 2016 are in the company report.
The GSTIN of Milvik Technology Services India is 29AAKCM2692P1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Milvik Technology Services India is U72200KA2016FTC087248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milvik Technology Services India was incorporated on 24 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Gary Lumsdon John ceased to be Director on 01 Jul 2021. Deepak Agarwal ceased to be Director on 31 Aug 2020. Balaji Jayavelu was appointed as Director on 27 Mar 2020. Milvik Technology Services India has 16 board changes on record in total.
Milvik Technology Services India can be reached through the website milvik.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Milvik Technology Services India is at Wework 43 Residency Road, Bangalore, Karnataka, India – 560025.
Milvik Technology Services India operates in the information technology industry, in the application development and software solutions segment.
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