About Mindstix Software Labs Private Limited
Data last updated:
Mindstix Software Labs Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 25 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2011PTC215346. Its GSTIN is 27AAHCM1946K1Z5 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Roshan Jayendra Kulkarni (Managing Director) and Jayendra Vasant Kulkarni (Whole-Time Director).
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 Flat No.1801 18th Floor Vraj Building, Piramal Vaikunth Road Cluster4 Balkum Thane, Maharashtra, India – 400608.
As per the financials filed for FY 2025, the company reported a revenue of ₹96.34 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹40.74 Cr (net margin 42.3%) and EBITDA of ₹57.36 Cr (EBITDA margin 59.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 10% over five years.
The company has about 184 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindstix. As per MCA filings, the company has satisfied charges of ₹2.12 Cr on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹15.6 Lakh; the latest was in June 2014. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Allium Solutions India Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindstix.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No.1801 18th Floor Vraj Building, Piramal Vaikunth Road Cluster4 Balkum Thane, Maharashtra, India – 400608
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
- 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 Mindstix Software Labs Private Limited
The main business activity of Mindstix Software Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Mindstix Software Labs Private Limited FY 2024 filings available
Mindstix Software Labs Private Limited reported revenue of ₹96.34 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mindstix Software Labs Private Limited
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 15% 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 Mindstix Software Labs 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹57.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.74 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mindstix Software Labs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 42.3% | •••• | •••• | •••• | •••• |
| 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 Mindstix Software Labs 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 Mindstix Software Labs Private Limited
Mindstix Software Labs Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Allium Solutions India Private Limited | •••• | •••• | •••• | •••• | - | Dadri, Uttar Pradesh, India |
| Softtech Engineers Limited Listed | •••• | •••• | •••• | •••• | 412 | Haveli, Maharashtra, India |
| Clear2pay India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Applied Systems India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Egdk India Private Limited | •••• | •••• | •••• | •••• | - | Mangalore, Karnataka, India |
| Mindstix Software Labs Private Limited this company | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Lagom Labs Private Limited | •••• | •••• | •••• | •••• | 84 | Mumbai, Maharashtra, India |
| Congruent Info-Tech Private Limited | •••• | •••• | •••• | •••• | 200 | Chennai, Tamil Nadu, India |
| Marg Erp Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Finacus Solutions Private Limited | •••• | •••• | •••• | •••• | 309 | Mumbai, Maharashtra, India |
| Abs Professional Services (India) Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mindstix Software Labs by revenue in the Information Technology industry (Application Development), 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 Mindstix Software Labs Private Limited
Mindstix Software Labs Private Limited is audited by M/s Raveendran & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/s Raveendran & 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 Mindstix Software Labs Private Limited
Mindstix Software Labs has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayendra Vasant Kulkarni | Whole-Time Director | 25 Mar 2011 | 15 Years 6 Months | Current |
| Arvind Narain | Whole-Time Director | 24 Dec 2015 | 10 Years 9 Months | Current |
| Roshan Jayendra Kulkarni | Managing Director | 25 Mar 2011 | 15 Years 6 Months | Current |
| Archana Jayendra Kulkarni | Whole-Time Director | 25 Mar 2011 | 15 Years 6 Months | Current |
Ownership and Shareholding of Mindstix Software Labs 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 Mindstix Software Labs Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Mar 2022 | Others | ₹1.46 Cr | Satisfied |
| 27 Mar 2015 | Hdfc Bank Limited | ₹66 Lakh | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Mindstix Software Labs Private Limited
Mindstix Software Labs Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹15.6 Lakh; the latest was in June 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Funding round | ₹15.6 Lakh | Investors: 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.
Associated Brands with Mindstix Software Labs Private Limited
Mindstix Software Labs operates one associated brand: Mindstix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive IT services, including support, maintenance, and security solutions for businesses. | mindstix.com |
Employees and EPFO Compliance at Mindstix Software Labs Private Limited
Mindstix Software Labs Private Limited has a workforce of 184 employees as of Apr 04, 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 Mindstix Software Labs Private Limited
Mindstix Software Labs Private Limited has 8 board changes on record since 2011: 4 appointments and 4 cessations. The latest: Roshan Jayendra Kulkarni ceased to be Director on 04 May 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mindstix Software Labs 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 Mindstix Software Labs 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 Mindstix Software Labs 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 Mindstix Software Labs Private Limited
Mindstix Software Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM1946K1Z5 | Maharashtra | 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 Mindstix Software Labs 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 Mindstix Software Labs Private Limited
Mindstix Software Labs is an active private limited company based in Thane, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 25 March 2011 (15+ years old) and is registered under CIN U72900MH2011PTC215346.
Mindstix Software Labs reported revenue of ₹96.34 Cr for FY 2025 (down 11% YoY).
Mindstix Software Labs has 4 current directors:
- Roshan Jayendra Kulkarni - Managing Director
- Jayendra Vasant Kulkarni - Whole-Time Director
- Arvind Narain - Whole-Time Director
- Archana Jayendra Kulkarni - Whole-Time Director
Mindstix Software Labs reported a net profit of ₹40.74 Cr (net margin 42.3%) and EBITDA of ₹57.36 Cr (EBITDA margin 59.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindstix Software Labs is 12% over three years and 10% over five years. In the latest year (FY 2025) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindstix Software Labs is 27AAHCM1946K1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mindstix Software Labs is U72900MH2011PTC215346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindstix Software Labs was incorporated on 25 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Mindstix Software Labs has 1 deal on record (1 funding round), with disclosed funding of ₹15.6 Lakh; the latest was in June 2014.
The peers of Mindstix Software Labs by revenue are Allium Solutions India Private Limited, Softtech Engineers Limited, Clear2pay India Private Limited, Applied Systems India Private Limited, Egdk India Private Limited and 5 more, all in the Information Technology industry (Application Development).
Roshan Jayendra Kulkarni ceased to be Director on 04 May 2025. Archana Jayendra Kulkarni ceased to be Director on 25 Aug 2023. Jayendra Vasant Kulkarni ceased to be Director on 25 Aug 2023. Mindstix Software Labs has 8 board changes on record in total.