Mindgate Solutions Private Limited

Mindgate Solutions Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72200MH2008PTC184354 Incorporated 07 July 2008 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services MSME · Medium
Data last updated
Revenue · FY 2025
₹355.36 Cr
▲ 41% YoY
Net profit · FY 2025
₹30.12 Cr
Net margin 8.5%
EBITDA · FY 2025
₹67.22 Cr
EBITDA margin 18.9%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.2 Cr
Issued & subscribed
Open charges
₹6.68 Cr
Satisfied ₹1.9 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
948
Provident fund records

About Mindgate Solutions Private Limited

Data last updated:

Mindgate Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 07 July 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2008PTC184354. Its GSTIN is 27AAFCM6471R1ZN (Maharashtra). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors including Arvind Govind Agarwal and Guhan Muthuswamy.

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹355.36 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹30.12 Cr (net margin 8.5%) and EBITDA of ₹67.22 Cr (EBITDA margin 18.9%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 32% over five years.

The company has about 948 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Mindgate. As per MCA filings, the company has open charges of ₹6.68 Cr and satisfied charges of ₹1.9 Cr on record. Court records list 30 cases involving the company, including 8 filed by the company and 22 filed against it; 11 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹70 Cr; the latest was in June 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 36 overdue payments to 8 micro and small suppliers.

Mindgate Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0036126). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindgate.in.

Company details

CIN U72200MH2008PTC184354
Registration Number 184354
Incorporation Date 07 July 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0036126
Key People
Gunjan Shukla Additional Director Arvind Govind Agarwal Director Guhan Muthuswamy Director

Recognitions & Rankings of Mindgate Solutions

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0036126

Contact details

Mindgate Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is mindgate.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mindgate.in
  • Social Media
  • Registered Address
    14th Floor Damji Shamji Business Galleria Near Huma Cinemas Lbs Marg Kanjurmarg, West, Mumbai, Maharashtra, India – 400078
  • Industry
    Financial Services, Online Payment Gateways

To see the full contact details of Mindgate Solutions Private Limited, buy the company report.

Comprehensive company report
Mindgate Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Mindgate Solutions operates one associated brand: Mindgate. Each brand links to its own profile.

BrandDescriptionWebsite
Mindgate
Digital payment platforms and transaction management services are provided.mindgate.solutions

Business activity

The main business activity of Mindgate Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities

To see the full business activity and turnover split of Mindgate Solutions Private Limited, buy the company report.

Financials of Mindgate Solutions Private Limited

FY 2025 filings available

Mindgate Solutions Private Limited reported revenue of ₹355.36 Cr (up 41% YoY) for FY 2025.

Revenue · FY 2025
₹355.36 Cr ▲ 41%
Net profit · FY 2025
₹30.12 Cr margin 8.5%
EBITDA · FY 2025
₹67.22 Cr margin 18.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 30%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 95%
3 years · compounded
▲ 27%
5 years · compounded
▲ 57%

Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 41% growth in the latest year. EBITDA rose 95% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹67.22 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹30.12 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin18.9%
Net Profit Margin8.5%
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

To see the full financial statements and ratios of Mindgate Solutions Private Limited, buy the company report.

Board of directors of Mindgate Solutions Private Limited

Mindgate Solutions has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gunjan Shukla
Also directs: Payu Payments Private Limited, Complifusion Services Private Limited, Spardha Learnings Private Limited
Additional Director15 May 20251 Years 5 MonthsCurrent
Arvind Govind Agarwal
Also directs: Payu Payments Private Limited
Director19 Mar 20251 Years 7 MonthsCurrent
Guhan Muthuswamy
Also directs: MGSV Growth Partners LLP, Myndgenie Systems Private Limited
Director07 Jul 200818 Years 4 MonthsCurrent
George Sam Kavalackal
Also directs: Myndgenie Systems Private Limited, Mercy Foundation
Director07 Jul 200818 Years 4 MonthsCurrent
Manas MishraAdditional Director15 May 20251 Years 5 MonthsCurrent
View all directors

Auditor

Mindgate Solutions Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2022.

Auditor firmFinancial yearFirm registration number
Walker Chandiok & Co LLPFY 2022001076N/N500013

Shareholding

The shareholding of Mindgate Solutions 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mindgate Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹6.68 Cr
Satisfied charges
₹1.9 Cr
Breakdown by lending institutions
Others₹6.24 Cr
Hdfc Bank Limited₹0.44 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Nov 2024101008947Hdfc Bank Limited₹22 LakhOpen
08 Nov 2024101008945Hdfc Bank Limited₹22 LakhOpen
25 Sep 2024100988215Others₹20 LakhOpen
01 Aug 2024100965472Others₹52 LakhOpen
29 Jun 2024100945191Others₹51.19 LakhOpen

To see the full charge records of Mindgate Solutions Private Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Mindgate Solutions Private Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹70 Cr; the latest was in June 2025.

Total deals
10
Secondary share transfers
9
Funding round
1
Disclosed funding
₹70 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Jun 2025Secondary share transferUndisclosedBuyer: Payu Payments Private Limited
Mar 2025Secondary share transferUndisclosedBuyer: Providence Family Trust (George Sam acting as a Trustee)
Seller: an individual
Mar 2025Secondary share transferUndisclosedBuyer: Payu Payments Private Limited
Seller: Aci Worldwide Consulting (India) Private Limited , Providence Family Trust (George Sam acting as a Trustee), 2 individuals
Feb 2025Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jul 2019Secondary share transferUndisclosedBuyer: Aci Worldwide Consulting (India) Private Limited , Aci Worldwide Solutions Private Limited
Seller: 2 individuals

To see the full deal history of Mindgate Solutions Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Mindgate Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 36 overdue payments to 8 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 8)

SupplierAmount dueDue sinceReported on
Protectt.Ai Labs Private Limited
Applied Cloud Computing Pvt. Ltd
Scalezee Technologies Private Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Mindgate Solutions Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Mindgate Solutions Private Limited has a workforce of 948 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
948
Active EPFO establishments
1
Employee growth
7.6%

GST

Mindgate Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAFCM6471R1ZNMaharashtraActive01 Jul 2017
33AAFCM6471R2ZTTamil NaduActive14 Feb 2020

To see the full GST registrations and return filing status of Mindgate Solutions Private Limited, buy the company report.

Recent activity

Mindgate Solutions Private Limited has 13 board changes on record since 2008: 7 appointments and 6 cessations. The latest: Anil Radheshyam Ruwatia was appointed as CFO on 01 Jul 2025.

AGM
Mindgate Solutions Private Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Appointed
Anil Radheshyam Ruwatia was appointed as CFO.
Appointed
Gunjan Shukla was appointed as Additional Director.
Appointed
Manas Mishra was appointed as Additional Director.
Filing
Mindgate Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Arvind Govind Agarwal was appointed as Director.
Ceased
Arvind Govind Agarwal ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 101008947 was registered on 08 Nov 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 101008945 was registered on 08 Nov 2024.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100988215 was registered on 25 Sep 2024.
Charges
A charge with Others amounted to Rs. 0.52 Cr with Charge ID 100965472 was registered on 01 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.51 Cr with Charge ID 100945191 was registered on 29 Jun 2024.

19 earlier events are in the company report.

News

Frequently asked questions

Mindgate Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 07 July 2008 (18+ years old) and is registered under CIN U72200MH2008PTC184354.

Mindgate Solutions has 5 current directors:

The latest financial statements of Mindgate Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Mindgate Solutions is 27AAFCM6471R1ZN, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAFCM6471R2ZT (Tamil Nadu).

The CIN (Corporate Identification Number) of Mindgate Solutions is U72200MH2008PTC184354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mindgate Solutions has 30 court cases on record: 8 filed by the company and 22 filed against it. 11 are pending. Most are in the high courts.

Mindgate Solutions was incorporated on 07 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.

Mindgate Solutions has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹70 Cr; the latest was in June 2025.

Anil Radheshyam Ruwatia was appointed as CFO on 01 Jul 2025. Gunjan Shukla was appointed as Additional Director on 15 May 2025. Manas Mishra was appointed as Additional Director on 15 May 2025. Mindgate Solutions has 13 board changes on record in total.

Yes, Mindgate Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0036126).

Mindgate Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 36 overdue payments to 8 micro and small suppliers. The latest return was filed on 29 Apr 2024.