About Mindcrest (India) Private Limited
Data last updated:
Mindcrest (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mindcrest Inc., U.S.A.. It operates in the database management and solutions segment of the technology and IT services sector. It was incorporated on 18 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2001PTC132028. Its GSTIN is 27AACCM5872D1ZG (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.62 Cr. It is led by directors Shravan Suresh Mehta and George Iii Backus Hefferan.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.51 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹5.35 Cr (net margin 9.1%) and EBITDA of ₹11.45 Cr (EBITDA margin 19.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 10% over five years.
The company has about 258 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindcrest. The company has 1 deal on record (1 funding round), with disclosed funding of ₹2.23 Cr; the latest was in November 2007. Its 10 peer companies in the Information Technology industry (Database Management) are compared by revenue, 5 larger and 5 smaller; the largest is Amber Road Software Private Limited. The company has 7 MSME Form 1 returns on record between 2020 and 2023, listing 55 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindcrest.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressC/O. Vaish Associates 106 Peninsula Centre Behind Piramal Chambers Dr. S. Rao R, Oad Parel, Mumbai, Maharashtra, India – 400012
- IndustryInformation Technology, Database Management & Solutions
- 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 Mindcrest (India) Private Limited
The main business activity of Mindcrest (India) is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Mindcrest (India) Private Limited FY 2024 filings available
Mindcrest (India) Private Limited reported revenue of ₹58.51 Cr (down 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mindcrest (India) Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 26% 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 Mindcrest (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹11.45 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.35 Cr | •••• | •••• | •••• | •••• |
| 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 Mindcrest (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.1% | •••• | •••• | •••• | •••• |
| 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 Mindcrest (India) 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.
Peer Comparison of Mindcrest (India) Private Limited
Mindcrest (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Database Management). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amber Road Software Private Limited | •••• | •••• | •••• | •••• | 315 | Bangalore, Karnataka, India |
| Dataeconomy Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Globalcom Idc Limited | •••• | •••• | •••• | •••• | 60 | Navi Mumbai, Maharashtra, India |
| I2k2 Networks Private Limited | •••• | •••• | •••• | •••• | 56 | New Delhi, Delhi, India |
| Result Services Private Limited | •••• | •••• | •••• | •••• | 220 | New Delhi, Delhi, India |
| Mindcrest (India) Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Lightstorm Data Centers Private Limited | •••• | •••• | •••• | •••• | 57 | Delhi, India |
| V&A Diamonds Private Limited | •••• | •••• | •••• | •••• | 31 | Mumbai, Maharashtra, India |
| Enel X Services India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Corsearch India Private Limited | •••• | •••• | •••• | •••• | 629 | Mumbai, Maharashtra, India |
| Recall India Information Management Private Limited | •••• | •••• | •••• | •••• | 60 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mindcrest (India) by revenue in the Information Technology industry (Database Management), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Mindcrest (India) Private Limited
Mindcrest (India) Private Limited is audited by CNK & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CNK & Associates LLP | 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 Mindcrest (India) Private Limited
Mindcrest (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shravan Suresh Mehta | Director | 27 Feb 2020 | 6 Years 7 Months | Current |
| George Iii Backus Hefferan | Director | 24 Jun 2001 | 25 Years 3 Months | Current |
Ownership and Shareholding of Mindcrest (India) 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 Mindcrest (India) Private Limited
Mindcrest (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mindcrest (India) Private Limited
Mindcrest (India) Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹2.23 Cr; the latest was in November 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2007 | Funding round | ₹2.23 Cr | Investors: Mindcrest Inc |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Mindcrest (India) Private Limited
Mindcrest (India) Private Limited has 7 MSME Form 1 returns on record between 2020 and 2023, listing 55 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Moodle India Information Solutions Private Limited | •••• | •••• | •••• |
| GNR Solution Private Limited | •••• | •••• | •••• |
| Computer Exchange Private Limited | •••• | •••• | •••• |
| Moon Sez & Management Consultants LLP | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Mindcrest (India) Private Limited
Mindcrest (India) operates one associated brand: Mindcrest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Contract management and legal research analytics services are offered. | mindcrest.com |
Employees and EPFO Compliance at Mindcrest (India) Private Limited
Mindcrest (India) Private Limited has a workforce of 258 employees as of Apr 06, 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 Mindcrest (India) Private Limited
Mindcrest (India) Private Limited has 6 board changes on record since 2001: 2 appointments and 4 cessations. The latest: Ganesh Natarajan ceased to be Director on 25 Aug 2022.
Credit Ratings, Litigation & Regulatory Alerts for Mindcrest (India) 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.
Subsidiaries & Group Companies of Mindcrest (India) 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 Mindcrest (India) Private Limited
Mindcrest (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM5872D1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AACCM5872D2ZF | Maharashtra | Active | 10 Aug 2020 |
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 Mindcrest (India) 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 Mindcrest (India) Private Limited
Mindcrest (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in database management and solutions, within the information technology industry. It was incorporated on 18 May 2001 (25+ years old) and is registered under CIN U74140MH2001PTC132028.
Mindcrest (India) reported revenue of ₹58.51 Cr for FY 2024 (down 2% YoY).
Mindcrest (India) has 2 current directors:
- Shravan Suresh Mehta - Director
- George Iii Backus Hefferan - Director
Mindcrest (India) reported a net profit of ₹5.35 Cr (net margin 9.1%) and EBITDA of ₹11.45 Cr (EBITDA margin 19.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindcrest (India) is 12% over three years and 10% over five years. In the latest year (FY 2024) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindcrest (India) is 27AACCM5872D1ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AACCM5872D2ZF (Maharashtra).
The CIN (Corporate Identification Number) of Mindcrest (India) is U74140MH2001PTC132028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindcrest (India) was incorporated on 18 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Mindcrest (India) has 1 deal on record (1 funding round), with disclosed funding of ₹2.23 Cr; the latest was in November 2007.
The peers of Mindcrest (India) by revenue are Amber Road Software Private Limited, Dataeconomy Private Limited, Globalcom Idc Limited, I2k2 Networks Private Limited, Result Services Private Limited and 5 more, all in the Information Technology industry (Database Management).
Ganesh Natarajan ceased to be Director on 25 Aug 2022. Shravan Suresh Mehta ceased to be Additional Director on 18 Dec 2020. Rohan Dhimant Dalal ceased to be Managing Director on 28 Feb 2020. Mindcrest (India) has 6 board changes on record in total.
Mindcrest (India) has 7 MSME Form 1 returns on record between 2020 and 2023, listing 55 overdue payments to 10 micro and small suppliers. The latest return was filed on 29 Aug 2023.