MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0026021
Mindwave Systems Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹55.62 Cr
▲ 28% YoY
Net profit · FY 2025
₹64.68 Lakh
Net margin 1.2%
EBITDA · FY 2025
₹1.33 Cr
EBITDA margin 2.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4.85 Cr
Satisfied ₹2.04 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
4
Provident fund records
About Mindwave Systems Private Limited
Data last updated:
Mindwave Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2009PTC197162. Its GSTIN is 27AAGCM2596Q1ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manu Gupta and Kuldeep Singh.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.62 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹64.68 Lakh (net margin 1.2%) and EBITDA of ₹1.33 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 17% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindwave Systems. As per MCA filings, the company has open charges of ₹4.85 Cr and satisfied charges of ₹2.04 Cr on record.
Mindwave Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0026021). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindwavesystems.com.
Company Details of Mindwave Systems Private Limited
CIN U72900MH2009PTC197162
Registration Number 197162
Incorporation Date 20 November 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0026021
Key People
Manu Gupta Director Kuldeep Singh Director Recognitions & Rankings of Mindwave Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No. 170 C – Wing 1st Floor Akurli Industrial Estate Akurli Road K, Andivali E, Mumbai, Maharashtra, India – 400101
- IndustryInformation Technology, IT Consulting & Support Services
Comprehensive company report
Mindwave Systems Private Limited - one report that includes everything
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Associated Brands with Mindwave Systems Private Limited
Mindwave Systems operates one associated brand: Mindwave Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT infrastructure, cloud services, managed IT, and software development solutions. | mindwavesystems.com |
Business Activity of Mindwave Systems Private Limited
The main business activity of Mindwave Systems is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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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 Mindwave Systems Private Limited FY 2024 filings available
Mindwave Systems Private Limited reported revenue of ₹55.62 Cr (up 28% YoY) for FY 2025.
Revenue · FY 2025
₹55.62 Cr ▲ 28%
Net profit · FY 2025
₹64.68 Lakh margin 1.2%
EBITDA · FY 2025
₹1.33 Cr margin 2.4%
Compounded Annual Growth Rate (CAGR) of Mindwave Systems Private Limited
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 5%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 13%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 28% growth in the latest year. EBITDA rose 54% 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 Mindwave Systems 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 | ₹1.33 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹64.68 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mindwave Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 Mindwave Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Mindwave Systems Private Limited
Mindwave Systems has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manu Gupta | Director | 20 Nov 2009 | 16 Years 10 Months | Current |
| Kuldeep Singh | Director | 20 Nov 2009 | 16 Years 10 Months | Current |
Peer Comparison of Mindwave Systems Private Limited
Mindwave Systems Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Electronic Appliances Retail and Distribution, Maintenance Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VN Agencies Private Limited | ₹55.99 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Hela Systems Private Limited | ₹55.94 Cr (FY 2021) | •••• | •••• | 353.0% | •••• | Maheswaram, Telangana, India |
| Mansa Electricals Private Limited | ₹55.93 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Shreedhar Auto Sales and Service Private Limited | ₹55.86 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Navsari, Gujarat, India |
| Apc Engineers & Consultants Private Limited | ₹55.86 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Gurgaon, Haryana, India |
| Mindwave Systems Private Limited this company | ₹55.62 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Gurunanak Airtech Private Limited | ₹55.59 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Karnal, Haryana, India |
| Eswop Technology Private Limited | ₹55.36 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Noida, Uttar Pradesh, India |
| Assam Smart Metering Private Limited | ₹55.34 Cr (FY 2025) | •••• | •••• | 173928.0% | •••• | Gurgaon, Haryana, India |
| Affordable Deals Private Limited | ₹55.24 Cr (FY 2025) | •••• | •••• | 87.0% | •••• | Delhi, India |
| Semitech Opto Solutions Private Limited | ₹55.22 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mindwave Systems by revenue in the Engineering industry (Electronic Appliances Retail and Distribution, Maintenance Services), 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 Mindwave Systems Private Limited
Mindwave Systems Private Limited is audited by BOHRA AND SHARMA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BOHRA AND SHARMA | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Mindwave Systems Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Mindwave Systems Private Limited
Open charges
₹4.85 Cr
Satisfied charges
₹2.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2020 | Axis Bank Limited | ₹1.25 Cr | Open |
| 26 Aug 2016 | Yes Bank Limited | ₹2.02 Cr | Open |
| 03 Aug 2016 | Yes Bank Limited | ₹1.58 Cr | Open |
| 01 Jun 2020 | Others | ₹1.4 Cr | Satisfied |
| 25 Sep 2013 | Yes Bank Limited | ₹64.35 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Mindwave Systems Private Limited
Mindwave Systems Private Limited has a workforce of 4 employees as of Apr 08, 2024.
Employee count
4
Active EPFO establishments
1
Employee growth
-33.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Mindwave Systems Private Limited
Mindwave Systems Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Kuldeep Singh was appointed as Director on 20 Nov 2009.
AGM
Mindwave Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 202.49 Lakh registered on 26 Aug 2016 with Charge ID 100050763 was modified on 27 Jun 2024.
Filing
Mindwave Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 25 Sep 2013 via Charge ID 10458466 with Yes Bank Limited was fully satisfied on 27 Sep 2023.
Charges
A charge registered on 01 Jun 2020 via Charge ID 100351412 with Others was fully satisfied on 14 Feb 2023.
Charges
A charge with Yes Bank Limited of Rs. 157.91 Lakh registered on 03 Aug 2016 with Charge ID 100050762 was modified on 09 Oct 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 125.00 Lakh with Charge ID 100356441 was registered on 10 Jul 2020.
Charges
A charge with Others amounted to Rs. 140.00 Lakh with Charge ID 100351412 was registered on 01 Jun 2020.
Charges
A charge with Yes Bank Limited amounted to Rs. 202.49 Lakh with Charge ID 100050763 was registered on 26 Aug 2016.
Charges
A charge with Yes Bank Limited amounted to Rs. 157.91 Lakh with Charge ID 100050762 was registered on 03 Aug 2016.
Charges
A charge with Yes Bank Limited amounted to Rs. 64.35 Lakh with Charge ID 10458466 was registered on 25 Sep 2013.
Appointed
Kuldeep Singh was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mindwave Systems Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Mindwave Systems Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Mindwave Systems Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Mindwave Systems Private Limited
Mindwave Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM2596Q1ZM | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Mindwave Systems Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Mindwave Systems Private Limited
Mindwave Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 November 2009 (17+ years old) and is registered under CIN U72900MH2009PTC197162.
Mindwave Systems reported revenue of ₹55.62 Cr for FY 2025 (up 28% YoY).
Mindwave Systems has 2 current directors:
- Manu Gupta - Director
- Kuldeep Singh - Director
Mindwave Systems reported a net profit of ₹64.68 Lakh (net margin 1.2%) and EBITDA of ₹1.33 Cr (EBITDA margin 2.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindwave Systems is 5% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindwave Systems is 27AAGCM2596Q1ZM, registered in Maharashtra. 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 Mindwave Systems is U72900MH2009PTC197162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindwave Systems was incorporated on 20 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mindwave Systems by revenue are VN Agencies Private Limited, Hela Systems Private Limited, Mansa Electricals Private Limited, Shreedhar Auto Sales and Service Private Limited, Apc Engineers & Consultants Private Limited and 5 more, all in the Engineering industry (Electronic Appliances Retail and Distribution, Maintenance Services).
Kuldeep Singh was appointed as Director on 20 Nov 2009. Manu Gupta was appointed as Director on 20 Nov 2009.
Yes, Mindwave Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0026021).