About Mind Select Consultants Private Limited
Data last updated:
Mind Select Consultants Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 23 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17149KA1994PTC015410. Its GSTIN is 29AAECM4435E1ZJ (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.33 Lakh. It is led by directors including Deepa Murthy (Whole-Time Director) and Sheaker Ramarao.
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 No 36 10th Cross II Block Jayanagar, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.16 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹1.3 Lakh (net margin -1.1%) and EBITDA of -₹27.64 Lakh (EBITDA margin -23.9%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 11% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.9 Lakh 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 mindgroupsolutions.com.
CIN History of Mind Select Consultants Private Limited
Mind Select Consultants has one previous CIN (Corporate Identification Number): U74140KA1994PTC015410. The current CIN is U17149KA1994PTC015410, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17149KA1994PTC015410 | Current |
| U74140KA1994PTC015410 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 36 10th Cross II Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Mind Select Consultants Private Limited
The main business activity of Mind Select Consultants is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support activities | 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 Mind Select Consultants Private Limited FY 2025 filings available
Mind Select Consultants Private Limited reported revenue of ₹1.16 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mind Select Consultants Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 19% fall in the latest year. EBITDA rose 14% 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 Mind Select Consultants 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 | -₹27.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.3 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 Mind Select Consultants Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.1% | •••• | •••• | •••• | •••• |
| 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 Mind Select Consultants are in the company report.
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 Mind Select Consultants Private Limited
Mind Select Consultants has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepa Murthy | Whole-Time Director | 14 Jun 2010 | 16 Years 4 Months | Current |
| Sheaker Ramarao Also directs: Openmind Infotech Solutions Private Limited, Digileum Technologies Private Limited, Openmind Consultants Private Limited and 5 more | Director | 23 Mar 1994 | 32 Years 6 Months | Current |
| Chandrika Sheaker Also directs: Openmind Infotech Solutions Private Limited, Digileum Technologies Private Limited, Openmind Consultants Private Limited and 1 more | Director | 29 Sep 2006 | 20 Years 0 Months | Current |
Peer Comparison of Mind Select Consultants Private Limited
Mind Select Consultants Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laksdran Trade Venture Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Chandauli, Uttar Pradesh, India |
| Comaea Consulting Private Limited | ₹1.16 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Concept Agrotech Consultants Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Delhi, India |
| Plast Master Batches Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | •••• | Nagpur, Maharashtra, India | |
| Divit Human Resource Private Limited | ₹1.16 Cr (FY 2022) | •••• | •••• | -63.0% | •••• | New Delhi, Delhi, India |
| Mind Select Consultants Private Limited this company | ₹1.16 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| Mahalaxmi Professional Security Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | 243.0% | •••• | Bhiwandi, Maharashtra, India |
| Kemp Facility Management Private Limited | ₹1.15 Cr (FY 2021) | •••• | •••• | -76.0% | •••• | Gurgaon, Haryana, India |
| Intelli Hiring and Recruitment Solutions Private Limited | ₹1.15 Cr (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Snsgap International Services Private Limited | ₹1.15 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | Noida, Uttar Pradesh, India |
| Intelli Search Services Private Limited | ₹1.15 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Mind Select Consultants by revenue in the Outsourcing industry (HR Outsourcing), 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 Mind Select Consultants Private Limited
Mind Select Consultants Private Limited is audited by P VENKOBI & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P VENKOBI & 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.
Ownership and Shareholding of Mind Select Consultants 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 Mind Select Consultants Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Sep 2018 | Others | ₹45.9 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mind Select Consultants Private Limited
Mind Select Consultants Private Limited has a workforce of 15 employees as of Mar 28, 2024.
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 Mind Select Consultants Private Limited
Mind Select Consultants Private Limited has 4 board changes on record since 1994: 3 appointments and 1 cessation. The latest: Ajjikutira Jansi Uthaiah ceased to be Whole-Time Director on 08 Apr 2013.
Credit Ratings, Litigation & Regulatory Alerts for Mind Select Consultants 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 Mind Select Consultants 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 Mind Select Consultants 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 Mind Select Consultants Private Limited
Mind Select Consultants has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM4435E1ZJ | Karnataka | Active | 01 Jul 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 Mind Select Consultants 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.
Related news about Mind Select Consultants Private Limited
Frequently Asked Questions about Mind Select Consultants Private Limited
Mind Select Consultants is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 23 March 1994 (32+ years old) and is registered under CIN U17149KA1994PTC015410.
Mind Select Consultants reported revenue of ₹1.16 Cr for FY 2025 (down 19% YoY).
Mind Select Consultants has 3 current directors:
- Deepa Murthy - Whole-Time Director
- Sheaker Ramarao - Director
- Chandrika Sheaker - Director
Mind Select Consultants reported a net loss of ₹1.3 Lakh (net margin -1.1%) and EBITDA of -₹27.64 Lakh (EBITDA margin -23.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mind Select Consultants is -23% over three years and -11% over five years. In the latest year (FY 2025) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mind Select Consultants is 29AAECM4435E1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Mind Select Consultants is U17149KA1994PTC015410. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mind Select Consultants was incorporated on 23 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mind Select Consultants by revenue are Laksdran Trade Venture Private Limited, Comaea Consulting Private Limited, Concept Agrotech Consultants Limited, Plast Master Batches Private Limited, Divit Human Resource Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Ajjikutira Jansi Uthaiah ceased to be Whole-Time Director on 08 Apr 2013. Deepa Murthy was appointed as Whole-Time Director on 14 Jun 2010. Chandrika Sheaker was appointed as Director on 29 Sep 2006. Mind Select Consultants has 4 board changes on record in total.
Mind Select Consultants can be reached through the website mindgroupsolutions.com. Its registered office is in Bangalore, Karnataka, India.