About Mindquad Solutions Private Limited
Data last updated:
Mindquad Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the enterprise resource planning (ERP) solutions segment of the technology and IT services sector. It was incorporated on 26 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2008PTC055539. Its GSTIN is 24AAFCM8209B1ZU (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14.98 Lakh. It is led by directors including Rajeshkumar Bhikhabhai Patel and Hirenkumar Vinodchandra Patel.
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 208 – 211 Vraj Valencia Off Science City Road Near Sola Bridge Sola Sg Highway, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.31 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹70.97 Lakh (net margin 4.1%) and EBITDA of ₹1.04 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 21% over five years.
The company has about 45 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.03 Cr and satisfied charges of ₹59.75 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindquad.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address208 – 211 Vraj Valencia Off Science City Road Near Sola Bridge Sola Sg Highway, Ahmedabad, Gujarat, India – 380060
- IndustryInformation Technology, Enterprise Resource Planning (ERP) 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 Mindquad Solutions Private Limited
The main business activity of Mindquad Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Mindquad Solutions Private Limited FY 2025 filings available
Mindquad Solutions Private Limited reported revenue of ₹17.31 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mindquad Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 1% growth in the latest year. EBITDA fell 31% 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 Mindquad Solutions 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 | ₹1.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹70.97 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mindquad Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| 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 Mindquad Solutions 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.
Auditor Details of Mindquad Solutions Private Limited
Mindquad Solutions Private Limited is audited by PALAK J.SHAH & CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PALAK J.SHAH & CO. | 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 Mindquad Solutions Private Limited
Mindquad Solutions 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 |
|---|---|---|---|---|
| Rajeshkumar Bhikhabhai Patel Also directs: Mindquad Enterprise Solutions LLP | Director | 26 Nov 2008 | 17 Years 10 Months | Current |
| Hirenkumar Vinodchandra Patel Also directs: Quantumquad Solutions LLP | Director | 26 Nov 2008 | 17 Years 10 Months | Current |
| Nikhilkumar Hasmukhbhai Patel | Director | 26 Nov 2008 | 17 Years 10 Months | Current |
Ownership and Shareholding of Mindquad Solutions 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 Mindquad Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2018 | Hdfc Bank Limited | ₹1.03 Cr | Open |
| 08 Feb 2014 | Hdfc Bank Limited | ₹59.75 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Mindquad Solutions Private Limited
Mindquad Solutions Private Limited has 4 court cases on record: 3 filed by Mindquad Solutions, 1 filed against it. 3 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by U Square Lifescience Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Mindquad Solutions Private Limited
Mindquad Solutions Private Limited has a workforce of 45 employees as of Feb 25, 2025.
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 Mindquad Solutions Private Limited
Mindquad Solutions Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Devaang Bipinchandra Bhatt ceased to be Director on 12 Apr 2013.
Credit Ratings, Litigation & Regulatory Alerts for Mindquad Solutions 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 Mindquad Solutions 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 Mindquad Solutions 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 Mindquad Solutions Private Limited
Mindquad Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM8209B1ZU | Gujarat | 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 Mindquad Solutions 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 Mindquad Solutions Private Limited
Mindquad Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in enterprise resource planning (erp) solutions, within the information technology industry. It was incorporated on 26 November 2008 (18+ years old) and is registered under CIN U72900GJ2008PTC055539.
Mindquad Solutions reported revenue of ₹17.31 Cr for FY 2025 (up 1% YoY).
Mindquad Solutions has 3 current directors:
- Rajeshkumar Bhikhabhai Patel - Director
- Hirenkumar Vinodchandra Patel - Director
- Nikhilkumar Hasmukhbhai Patel - Director
Mindquad Solutions reported a net profit of ₹70.97 Lakh (net margin 4.1%) and EBITDA of ₹1.04 Cr (EBITDA margin 6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindquad Solutions is 23% over three years and 21% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindquad Solutions is 24AAFCM8209B1ZU, registered in Gujarat.
The CIN (Corporate Identification Number) of Mindquad Solutions is U72900GJ2008PTC055539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindquad Solutions has 4 court cases on record: 3 filed by the company and 1 filed against it. 3 are pending.
Mindquad Solutions was incorporated on 26 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Devaang Bipinchandra Bhatt ceased to be Director on 12 Apr 2013. Hirenkumar Vinodchandra Patel was appointed as Director on 26 Nov 2008. Nikhilkumar Hasmukhbhai Patel was appointed as Director on 26 Nov 2008. Mindquad Solutions has 4 board changes on record in total.