About Mindstec Distribution Private Limited
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Mindstec Distribution Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 27 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U32107KA2007PTC044488. Its GSTIN is 29AAFCM3099R1ZH (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors including Syed Wahab Abdul and Nanjundappa Sabarishan.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹108.34 Cr, a growth of 97% compared to the previous year. For the same year it recorded a net profit of ₹8.13 Cr (net margin 7.5%) and EBITDA of ₹11.4 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 100% over three years and 50% over five years.
The company has about 23 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Mindstec. As per MCA filings, the company has open charges of ₹47.99 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in October 2018. Its 10 peer companies in the Information Technology industry (IT Products Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Manas Merchandise Private Limited with revenue of ₹111.89 Cr. The company has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 5 overdue payments to 2 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 mindstec.com.
- EmailLocked
- TelephoneLocked
- Website
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- Registered AddressNo 5M – 645 Banaswadi Village, Ombr Layout Near Chaya Hospital, Bangalore, Karnataka, India – 560043
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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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Business Activity of Mindstec Distribution Private Limited
The main business activities of Mindstec Distribution are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| 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 Mindstec Distribution Private Limited FY 2025 filings available
Mindstec Distribution Private Limited reported revenue of ₹108.34 Cr (up 97% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mindstec Distribution Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 97% growth in the latest year. EBITDA rose 222% 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 Mindstec Distribution 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 | ₹11.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.13 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 Mindstec Distribution Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Mindstec Distribution 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 Mindstec Distribution Private Limited
Mindstec Distribution Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manas Merchandise Private Limited | ₹111.89 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Guwahati, Assam, India |
| Ych Trade Solutions Private Limited | ₹111.23 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Hayers Infotech Private Limited | ₹111.09 Cr (FY 2024) | •••• | •••• | 24724.0% | •••• | Mumbai, Maharashtra, India |
| Danube Industries Limited Listed | ₹109.67 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Ahmedabad, Gujarat, India |
| HH Global Marketing Solutions Private Limited | ₹108.38 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Mindstec Distribution Private Limited this company | ₹108.34 Cr (FY 2024) | •••• | •••• | 97.0% | •••• | Bangalore, Karnataka, India |
| Future Businesstech India Private Limited | ₹107.54 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Bangalore, Karnataka, India |
| Komal Systems Private Limited | ₹106.79 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Pune, Maharashtra, India |
| Genesis IT Innovations Private Limited | ₹104.84 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Bangalore, Karnataka, India |
| Zebion Infotech Limited | ₹104.63 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Kaira Distribution Private Limited | ₹103.68 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Mindstec Distribution by revenue in the Information Technology industry (IT Products Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mindstec Distribution Private Limited
Mindstec Distribution Private Limited is audited by AKHILANDAM AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKHILANDAM AND ASSOCIATES | 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 Mindstec Distribution Private Limited
Mindstec Distribution 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 |
|---|---|---|---|---|
| Syed Wahab Abdul Also directs: MTC Agri Private Limited, MTC Technologies Private Limited, Neovision Technical Services Private Limited and 5 more | Director | 27 Nov 2007 | 18 Years 10 Months | Current |
| Nanjundappa Sabarishan Also directs: MTC Agri Private Limited, MTC Technologies Private Limited, Neovision Technical Services Private Limited and 5 more | Director | 13 Jun 2018 | 8 Years 3 Months | Current |
| Manasa Also directs: Remote Technologies India Private Limited | Director | 14 Mar 2014 | 12 Years 6 Months | Current |
Ownership and Shareholding of Mindstec Distribution 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 Mindstec Distribution Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Oct 2024 | Hdfc Bank Limited | ₹27 Lakh | Open |
| 29 Aug 2024 | Hdfc Bank Limited | ₹13.5 Cr | Open |
| 23 Jan 2023 | Hdfc Bank Limited | ₹17.35 Lakh | Open |
| 31 Dec 2022 | Hdfc Bank Limited | ₹14.58 Lakh | Open |
| 28 Dec 2022 | Hdfc Bank Limited | ₹68.16 Lakh | Open |
Total charge records: 7 View all charges
Deals & Funding of Mindstec Distribution Private Limited
Mindstec Distribution Private Limited has 1 deal on record (1 secondary share transfer); the latest was in October 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
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 Mindstec Distribution Private Limited
Mindstec Distribution Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 5 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| C.S Hawkler Logistics Private Limited | •••• | •••• | •••• |
| Indev Infra Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Mindstec Distribution Private Limited
Mindstec Distribution operates one associated brand: Mindstec. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Distributes technology products and offers support, training to partners worldwide. | mindstec.com |
Employees and EPFO Compliance at Mindstec Distribution Private Limited
Mindstec Distribution Private Limited has a workforce of 23 employees as of Mar 31, 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.
Group Structure of Mindstec Distribution Private Limited
Mindstec Distribution has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Csd Technologies Private Limited | U74999KA2016PTC092367 | Locked |
Showing major subsidiaries. Total: 1.
News related to Mindstec Distribution Private Limited
Recent Activity on Mindstec Distribution Private Limited
Mindstec Distribution Private Limited has 5 board changes on record since 2007: 4 appointments and 1 cessation. The latest: Nanjundappa Sabarishan was appointed as Director on 13 Jun 2018.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mindstec Distribution 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 Mindstec Distribution 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 Mindstec Distribution Private Limited
Mindstec Distribution has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM3099R1ZH | Karnataka | 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 Mindstec Distribution 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 Mindstec Distribution Private Limited
Mindstec Distribution is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 27 November 2007 (19+ years old) and is registered under CIN U32107KA2007PTC044488.
Mindstec Distribution reported revenue of ₹108.34 Cr for FY 2024 (up 97% YoY).
Mindstec Distribution has 3 current directors:
- Syed Wahab Abdul - Director
- Nanjundappa Sabarishan - Director
- Manasa - Director
Mindstec Distribution reported a net profit of ₹8.13 Cr (net margin 7.5%) and EBITDA of ₹11.4 Cr (EBITDA margin 10.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindstec Distribution is 100% over three years and 50% over five years. In the latest year (FY 2024) revenue rose 97%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindstec Distribution is 29AAFCM3099R1ZH, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mindstec Distribution is U32107KA2007PTC044488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindstec Distribution was incorporated on 27 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Mindstec Distribution has 1 deal on record (1 secondary share transfer); the latest was in October 2018.
The peers of Mindstec Distribution by revenue are Manas Merchandise Private Limited, Ych Trade Solutions Private Limited, Hayers Infotech Private Limited, Danube Industries Limited, HH Global Marketing Solutions Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Nanjundappa Sabarishan was appointed as Director on 13 Jun 2018. Manasa was appointed as Director on 14 Mar 2014. Prakash Venkatraman Duravasalu ceased to be Director on 14 Mar 2014. Mindstec Distribution has 5 board changes on record in total.
Mindstec Distribution has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 5 overdue payments to 2 micro and small suppliers. The latest return was filed on 07 Jun 2019.