MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0147782
Mindrives Business Solutions Private Limited - business outsourcing in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.33 Cr
▲ 52% YoY
Net profit · FY 2023
₹27.37 Lakh
Net margin 20.5%
EBITDA · FY 2023
₹33.56 Lakh
EBITDA margin 25.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
17
Provident fund records
Directors on board
2
As per MCA filings
About Mindrives Business Solutions Private Limited
Data last updated:
Mindrives Business Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 12 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC102208. Its GSTIN is 29AAKCM9922A1ZB (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subhamita Bhattacharya and Sudarshan Khan.
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.25 National Plaza Residency Road, Bengaluru, Karnataka, India – 560025.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.33 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹27.37 Lakh (net margin 20.5%) and EBITDA of ₹33.56 Lakh (EBITDA margin 25.1%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 56% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindrives.
Mindrives Business Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0147782). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindrives.com.
Company details
CIN U74999KA2017PTC102208
Registration Number 102208
Incorporation Date 12 April 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0147782
Recognitions & Rankings of Mindrives Business Solutions
Contact details
Mindrives Business Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is mindrives.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.25 National Plaza Residency Road, Bengaluru, Karnataka, India – 560025
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Mindrives Business Solutions Private Limited, buy the company report.
Comprehensive company report
Mindrives Business 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
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Brands
Mindrives Business Solutions operates one associated brand: Mindrives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services, staffing solutions, and offshore support in India. | mindrives.com |
Business activity
The main business activity of Mindrives Business Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Mindrives Business Solutions Private Limited, buy the company report.
Financials of Mindrives Business Solutions Private Limited
FY 2025 filings availableMindrives Business Solutions Private Limited reported revenue of ₹1.33 Cr (up 52% YoY) for FY 2023.
Revenue · FY 2023
₹1.33 Cr ▲ 52%
Net profit · FY 2023
₹27.37 Lakh margin 20.5%
EBITDA · FY 2023
₹33.56 Lakh margin 25.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 38%
5 years · compounded
▲ 56%
EBITDA CAGR growth
1 year
▲ 223%
3 years · compounded
▲ 65%
5 years · compounded
▲ 60%
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 52% growth in the latest year. EBITDA rose 223% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹33.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27.37 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.1% | ||||
| Net Profit Margin | 20.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Mindrives Business Solutions Private Limited, buy the company report.
Board of directors of Mindrives Business Solutions Private Limited
Mindrives Business Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhamita Bhattacharya | Director | 12 Apr 2017 | 9 Years 7 Months | Current |
| Sudarshan Khan | Director | 12 Apr 2017 | 9 Years 7 Months | Current |
Peer comparison
Mindrives Business Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nextgen Recruitment Ventures Limited | ₹1.34 Cr (FY 2024) | 18.0% | Kolkata, West Bengal, India | |||
| Flying Eagle Security Services (OPC) Private Limited | ₹1.34 Cr (FY 2024) | -5.0% | Nashik, Maharashtra, India | |||
| Mindrives Business Solutions Private Limitedthis company | ₹1.33 Cr (FY 2023) | ₹27.37 Lakh | 20.5% | 52.0% | 17 | Bengaluru, Karnataka, India |
| Key Recruitment Solutions Private Limited | ₹1.33 Cr (FY 2021) | -22.0% | Pune, Maharashtra, India |
To see the full peer comparison of Mindrives Business Solutions Private Limited, buy the company report.
Auditor
Mindrives Business Solutions Private Limited is audited by K R Y R & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R Y R & ASSOCIATES | FY 2021 | 017232S |
Shareholding
The shareholding of Mindrives Business Solutions Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mindrives Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mindrives Business Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mindrives Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mindrives Business Solutions Private Limited has a workforce of 17 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
13.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Mindrives Business Solutions Private Limited, buy the company report.
GST
Mindrives Business Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM9922A1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mindrives Business Solutions Private Limited, buy the company report.
Recent activity
Mindrives Business Solutions Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Subhamita Bhattacharya was appointed as Director on 12 Apr 2017.
AGM
Mindrives Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mindrives Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Subhamita Bhattacharya was appointed as Director.
Appointed
Sudarshan Khan was appointed as Director.
Incorporation
12 Apr 2017
Mindrives Business Solutions Private Limited was registered on 12 Apr 2017 with Roc Bangalore & aged 9 years 7 months as per MCA records.
Frequently asked questions
Mindrives Business Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 12 April 2017 (9+ years old) and is registered under CIN U74999KA2017PTC102208.
Mindrives Business Solutions has 2 current directors:
- Subhamita Bhattacharya - Director
- Sudarshan Khan - Director
The latest financial statements of Mindrives Business Solutions 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 FY 2018 are in the company report.
The GSTIN of Mindrives Business Solutions is 29AAKCM9922A1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Mindrives Business Solutions is U74999KA2017PTC102208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindrives Business Solutions was incorporated on 12 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mindrives Business Solutions by revenue are Nextgen Recruitment Ventures Limited, Flying Eagle Security Services (OPC) Private Limited, Key Recruitment Solutions Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Subhamita Bhattacharya was appointed as Director on 12 Apr 2017. Sudarshan Khan was appointed as Director on 12 Apr 2017.
Yes, Mindrives Business Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0147782).
Mindrives Business Solutions can be reached through the website mindrives.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Mindrives Business Solutions is at No.25 National Plaza Residency Road, Bengaluru, Karnataka, India – 560025.
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