MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0028978
Mindarray Systems Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹41 Cr
▲ 58% YoY
Net profit · FY 2024
₹7.01 Cr
Net margin 17.1%
EBITDA · FY 2024
₹11.49 Cr
EBITDA margin 28%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.02 Cr
Issued & subscribed
Open charges
₹20.08 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
117
Provident fund records
About Mindarray Systems Limited
Data last updated:
Mindarray Systems Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 09 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2010PLC062256. Its GSTIN is 24AAGCM8237J1Z8 (Gujarat).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.02 Cr. It was formerly known as Mindarray Systems Private Limited. It is led by directors including Amitkumar Nagjibhai Shingala (Managing Director) and Mansi Dilipbhai Jadawala.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹41 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹7.01 Cr (net margin 17.1%) and EBITDA of ₹11.49 Cr (EBITDA margin 28%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 22% over five years.
The company has about 117 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: MindArray Systems and Motadata. As per MCA filings, the company has open charges of ₹20.08 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 4 deals on record (2 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.53 Cr; the latest was in March 2021.
Mindarray Systems Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0028978). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website motadata.com.
Company details
CIN U72200GJ2010PLC062256
Registration Number 062256
Incorporation Date 09 September 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0028978
CIN history
Mindarray Systems has one previous CIN (Corporate Identification Number): U72200GJ2010PTC062256. The current CIN is U72200GJ2010PLC062256, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200GJ2010PLC062256 | Current |
| U72200GJ2010PTC062256 | Previous |
Key People
Amitkumar Nagjibhai Shingala Managing Director Mansi Dilipbhai Jadawala Director Ekta Amit Shingala Director Recognitions & Rankings of Mindarray Systems
Contact details
Mindarray Systems Limited's registered office is in Ahmedabad, Gujarat. Its website is motadata.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address11th And 12th Floor Block – C Krish Cubical, Opp. Avalon Hotel Nr. Govardhan Party Plot, Ahmedabad, Gujarat, India – 380059
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Mindarray Systems Limited, buy the company report.
Comprehensive company report
Mindarray Systems 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
Mindarray Systems operates two associated brands: MindArray Systems and Motadata. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers AI-powered IT monitoring, observability, and service management solutions. | mindarraysystems.com | |
| IT infrastructure monitoring and analytics derivation are provided by Motadata. | motadata.com |
Business activity
The main business activity of Mindarray Systems 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 Mindarray Systems Limited, buy the company report.
Financials of Mindarray Systems Limited
FY 2025 filings availableMindarray Systems Limited reported revenue of ₹41 Cr (up 58% YoY) for FY 2024.
Revenue · FY 2024
₹41 Cr ▲ 58%
Net profit · FY 2024
₹7.01 Cr margin 17.1%
EBITDA · FY 2024
₹11.49 Cr margin 28%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 28%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 356%
3 years · compounded
▲ 53%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 58% growth in the latest year. EBITDA rose 356% 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 | ₹11.49 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹7.01 Cr | ||||
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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 | 28% | ||||
| Net Profit Margin | 17.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mindarray Systems Limited, buy the company report.
Board of directors of Mindarray Systems Limited
Mindarray Systems has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansi Dilipbhai Jadawala | Director | 11 Oct 2023 | 3 Years 0 Months | Current |
| Amitkumar Nagjibhai Shingala | Managing Director | 09 Sep 2010 | 16 Years 2 Months | Current |
| Ekta Amit Shingala | Director | 29 Jul 2024 | 2 Years 3 Months | Current |
| Alpeshkumar Patel | Director | 09 Sep 2010 | 16 Years 2 Months | Current |
Auditor
Mindarray Systems Limited is audited by Dhiren Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dhiren Shah & Co. | FY 2023 | 114633W |
Shareholding
The shareholding of Mindarray Systems 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 Mindarray Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹20.08 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101184041 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 13 Aug 2025 | 101146798 | Hdfc Bank Limited | ₹40 Lakh | Open | |
| 21 Jun 2025 | 101113439 | Hdfc Bank Limited | ₹9.1 Lakh | Open | |
| 20 Jun 2025 | 101121556 | Others | ₹10 Lakh | Open | |
| 20 Jun 2025 | 101121568 | Others | ₹15.8 Lakh | Open |
To see the full charge records of Mindarray Systems Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Mindarray Systems Limited has 4 deals on record (2 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.53 Cr; the latest was in March 2021.
Total deals
4
Secondary share transfers
2
Funding rounds
2
Disclosed funding
₹1.53 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Amdi Tree Software Services Private Limited |
| Sep 2017 | Funding round | ₹1.23 Cr | Investors: Amdi Tree Software Services Private Limited , an individual |
| Oct 2014 | Funding round | ₹30 Lakh | Investors: Amdi Tree Software Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mindarray Systems Limited has 1 court case on record: 1 filed by Mindarray Systems. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against Iti Limited | Pending |
To see the full case history of Mindarray Systems Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mindarray Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mindarray Systems has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Flotomate Technologies Private Limited | U72900GJ2017PTC096890 |
To see the full group structure of Mindarray Systems Limited, buy the company report.
Employees & EPFO
Mindarray Systems Limited has a workforce of 117 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
117
Active EPFO establishments
1
Employee growth
11.43%
GST
Mindarray Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCM8237J1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mindarray Systems Limited, buy the company report.
Recent activity
Mindarray Systems Limited has 11 board changes on record since 2010: 4 appointments and 7 cessations. The latest: Naveen Kumar Mandovara ceased to be Additional Director on 23 May 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 101184041 was registered on 12 Nov 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 19.00 Cr registered on 10 Jul 2020 with Charge ID 100350126 was modified on 13 Oct 2025.
AGM
Mindarray Systems Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 101146798 was registered on 13 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101113439 was registered on 21 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 101121556 was registered on 20 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101121568 was registered on 20 Jun 2025.
Ceased
Naveen Kumar Mandovara ceased to be Additional Director.
Filing
Mindarray Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 101040968 was registered on 13 Jan 2025.
Ceased
Chandresh Premjibhai Patel ceased to be Additional Director.
Ceased
Ekta Amit Shingala ceased to be Additional Director.
10 earlier events are in the company report.
News
Frequently asked questions
Mindarray Systems is an active public limited company based in Ahmedabad, Gujarat, India. The company works in computer programming, within the information technology industry. It was incorporated on 09 September 2010 (16+ years old) and is registered under CIN U72200GJ2010PLC062256.
Mindarray Systems has 4 current directors:
- Amitkumar Nagjibhai Shingala - Managing Director
- Mansi Dilipbhai Jadawala - Director
- Ekta Amit Shingala - Director
- Alpeshkumar Patel - Director
The latest financial statements of Mindarray Systems 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 2015 are in the company report.
The GSTIN of Mindarray Systems is 24AAGCM8237J1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Mindarray Systems is U72200GJ2010PLC062256. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindarray Systems has 1 court case on record: 1 filed by the company. 1 is pending.
Mindarray Systems was incorporated on 09 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mindarray Systems has 4 deals on record (2 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.53 Cr; the latest was in March 2021.
Naveen Kumar Mandovara ceased to be Additional Director on 23 May 2025. Chandresh Premjibhai Patel ceased to be Additional Director on 26 Sep 2024. Ekta Amit Shingala ceased to be Additional Director on 26 Sep 2024. Mindarray Systems has 11 board changes on record in total.
Yes, Mindarray Systems is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0028978).
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