MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0019249
Mind Path Innovations Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.8 Cr
▲ 62% YoY
Net profit · FY 2024
₹5.17 Lakh
Net margin 2.9%
EBITDA · FY 2024
₹6.63 Lakh
EBITDA margin 3.7%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹29,350
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Mind Path Innovations Private Limited
Data last updated:
Mind Path Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC096362. Its GSTIN is 29AAKCM6025C1ZJ (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nethravathi Angadi Nagaraja and Anand Kumar Lakshmi Narayana.
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 No.51 6th Cross Bfw Layout Peenya Industrial Area 3rd Phase, Bangalore, Karnataka, India – 560050.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.8 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹5.17 Lakh (net margin 2.9%) and EBITDA of ₹6.63 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 121% over three years and 58% over five years.
The company is associated with 2 brands: eDMis and Mind Path. As per MCA filings, the company has open charges of ₹29,350 on record.
Mind Path Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0019249). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mindpath.in.
Company details
CIN U72900KA2016PTC096362
Registration Number 096362
Incorporation Date 08 September 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0019249
Recognitions & Rankings of Mind Path Innovations
Contact details
Mind Path Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is mindpath.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.51 6th Cross Bfw Layout Peenya Industrial Area 3rd Phase, Bangalore, Karnataka, India – 560050
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Mind Path Innovations Private Limited, buy the company report.
Comprehensive company report
Mind Path Innovations Private Limited - one report that includes everything
- 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
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Brands
Mind Path Innovations operates two associated brands: eDMis and Mind Path. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software for coaching classes, fee management, tests, and student performance tracking. | edmis.in | |
| Technology consulting and digital solutions for businesses, educational institutions, and hospitals. | mindpath.in |
Business activity
The main business activity of Mind Path Innovations is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Mind Path Innovations Private Limited, buy the company report.
Financials of Mind Path Innovations Private Limited
FY 2024 filings availableMind Path Innovations Private Limited reported revenue of ₹1.8 Cr (up 62% YoY) for FY 2024.
Revenue · FY 2024
₹1.8 Cr ▲ 62%
Net profit · FY 2024
₹5.17 Lakh margin 2.9%
EBITDA · FY 2024
₹6.63 Lakh margin 3.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 121%
5 years · compounded
▲ 58%
EBITDA CAGR growth
1 year
▲ 137%
3 years · compounded
▲ 57%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 62% growth in the latest year. EBITDA rose 137% 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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| Total Expenses | |||||
| EBITDA | ₹6.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.17 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 3.7% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Mind Path Innovations Private Limited, buy the company report.
Board of directors of Mind Path Innovations Private Limited
Mind Path Innovations has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nethravathi Angadi Nagaraja Also directs: Trinethra Defentech LLP, Aicera Systems Tech LLP, Twilight Systems Tech Private Limited and 1 more | Director | 08 Sep 2016 | 10 Years 1 Months | Current |
| Anand Kumar Lakshmi Narayana Also directs: Sreshta Business Finance Advisory LLP, Trinethra Defentech LLP, Aicera Systems Tech LLP and 1 more | Director | 12 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Mind Path Innovations Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infozub Private Limited | ₹1.82 Cr (FY 2024) | 61.0% | Tirupur, Tamil Nadu, India | |||
| Terralenze Technologies Private Limited | ₹1.81 Cr (FY 2024) | 19.0% | Thane, Maharashtra, India | |||
| Facemap Infotechnologies Private Limited | ₹1.8 Cr (FY 2024) | 77.0% | Hyderabad, Telangana, India | |||
| Process Point Technologies India Private Limited | ₹1.8 Cr (FY 2024) | 50.0% | Secunderabad, Telangana, India | |||
| Shayr Omnichannel Private Limited | ₹1.8 Cr (FY 2025) | 115.0% | Hyderabad, Telangana, India | |||
| Mind Path Innovations Private Limitedthis company | ₹1.8 Cr (FY 2024) | ₹5.17 Lakh | 2.9% | 62.0% | Bangalore, Karnataka, India | |
| Xtreme Online Solutions Private Limited | ₹1.79 Cr (FY 2025) | -10.0% | Thiruvananthapuram, Kerala, India | |||
| Winsoft Exports Private Limited | ₹1.79 Cr (FY 2021) | -9.0% | Guwahati, Assam, India | |||
| Sorout Infratech Private Limited | ₹1.79 Cr (FY 2024) | -8.0% | Palwal, Haryana, India | |||
| Zyga Solutions Private Limited | ₹1.79 Cr (FY 2024) | 57.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Mind Path Innovations Private Limited, buy the company report.
Auditor
Mind Path Innovations Private Limited is audited by M S H & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S H & ASSOCIATES | FY 2023 | 015064S |
Shareholding
The shareholding of Mind Path Innovations 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 Mind Path Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹29,350
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 2021 | 100503780 | Karnataka Bank Ltd. | ₹29,350 | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Mind Path Innovations 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 Mind Path Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mind Path Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM6025C1ZJ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mind Path Innovations Private Limited, buy the company report.
Recent activity
Mind Path Innovations Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Anand Kumar Lakshmi Narayana was appointed as Director on 12 Oct 2021.
AGM
Mind Path Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mind Path Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 0.29 Lakh with Charge ID 100503780 was registered on 09 Nov 2021.
Appointed
Anand Kumar Lakshmi Narayana was appointed as Director.
Ceased
Ramaswamy Kanive Krishnamurthy Adarsh ceased to be Director.
Ceased
Doraiswamy Ravichandran ceased to be Director.
Appointed
Nethravathi Angadi Nagaraja was appointed as Director.
Incorporation
08 Sep 2016
Mind Path Innovations Private Limited was registered on 08 Sep 2016 with Roc Bangalore & aged 10 years 2 months as per MCA records.
Frequently asked questions
Mind Path Innovations is an active 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 08 September 2016 (10+ years old) and is registered under CIN U72900KA2016PTC096362.
Mind Path Innovations has 2 current directors:
- Nethravathi Angadi Nagaraja - Director
- Anand Kumar Lakshmi Narayana - Director
The latest financial statements of Mind Path Innovations 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 2017 are in the company report.
The GSTIN of Mind Path Innovations is 29AAKCM6025C1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Mind Path Innovations is U72900KA2016PTC096362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mind Path Innovations was incorporated on 08 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mind Path Innovations by revenue are Infozub Private Limited, Terralenze Technologies Private Limited, Facemap Infotechnologies Private Limited, Process Point Technologies India Private Limited, Shayr Omnichannel Private Limited and 4 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Anand Kumar Lakshmi Narayana was appointed as Director on 12 Oct 2021. Ramaswamy Kanive Krishnamurthy Adarsh ceased to be Director on 12 Oct 2021. Doraiswamy Ravichandran ceased to be Director on 28 Jun 2019. Mind Path Innovations has 4 board changes on record in total.
Yes, Mind Path Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0019249).
Mind Path Innovations can be reached through the website mindpath.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mind Path Innovations is at No.51 6th Cross Bfw Layout Peenya Industrial Area 3rd Phase, Bangalore, Karnataka, India – 560050.
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