About Minerva Technology Solutions Limited
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Minerva Technology Solutions Limited is a public limited company based in New, Delhi, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 October 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51109DL1997PLC090188. Its GSTIN is 07AABCS7902H1ZE (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Shasun Consultants Limited. It is led by directors including Sudhir Kumar and Neetu Dhar.
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 40 Lgf National Park Lajpat Nagar Part – IV, New, Delhi, India – 110024.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.35 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹68.65 Lakh (net margin 15.8%) and EBITDA of ₹95.64 Lakh (EBITDA margin 22%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 8% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: FXPlus, AirAnalytics and Vista HR Pro. As per MCA filings, the company has open charges of ₹1.06 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minerva.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address40 Lgf National Park Lajpat Nagar Part – IV, New, Delhi, India – 110024
- IndustryInformation Technology, Application Development & Software 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 Minerva Technology Solutions Limited
The main business activity of Minerva Technology Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Minerva Technology Solutions Limited FY 2025 filings available
Minerva Technology Solutions Limited reported revenue of ₹4.35 Cr (up 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Minerva Technology Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 31% growth in the latest year. EBITDA rose 150% 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 Minerva Technology Solutions 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 | ₹95.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹68.65 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 Minerva Technology Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.8% | •••• | •••• | •••• | •••• |
| 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 Minerva Technology 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 Minerva Technology Solutions Limited
Minerva Technology Solutions Limited is audited by KRISHAN KAUSHAL for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRISHAN KAUSHAL | 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 Minerva Technology Solutions Limited
Minerva Technology Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Kumar | Director | 01 Oct 2012 | 14 Years 0 Months | Current |
| Neetu Dhar Also directs: Illuminati Media Private Limited | Director | 15 Jun 2021 | 5 Years 3 Months | Current |
| Pallikandath Balan Sunil Kumar Also directs: Illuminati Media Private Limited | Director | 14 Oct 1997 | 28 Years 11 Months | Current |
Ownership and Shareholding of Minerva Technology Solutions 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 Minerva Technology Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Aug 2025 | Others | ₹1 Cr | Open |
| 05 Feb 1999 | Vijaya Bank | ₹2 Lakh | Open |
| 20 Nov 1998 | Vijaya Bank | ₹4 Lakh | Open |
Total charge records: 3 View all charges
Associated Brands with Minerva Technology Solutions Limited
Minerva Technology Solutions operates multiple associated brands including FXPlus, AirAnalytics, and Vista HR Pro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| FXPlus offers end-to-end software for money exchange and forex management. | fxplus.in | |
| Offers product development, outsourcing, and analytics in finance and travel sectors. | airanalytics.in | |
| Web-based payroll management and HR tools are provided by Vista. | vistahrpro.com |
Employees and EPFO Compliance at Minerva Technology Solutions Limited
Minerva Technology Solutions Limited has a workforce of 28 employees as of Mar 28, 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 Minerva Technology Solutions Limited
Minerva Technology Solutions Limited has 8 board changes on record since 1997: 3 appointments and 5 cessations. The latest: Neetu Dhar was appointed as Director on 15 Jun 2021.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Minerva Technology Solutions 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 Minerva Technology Solutions 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 Minerva Technology Solutions 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 Minerva Technology Solutions Limited
Minerva Technology Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCS7902H1ZE | Delhi | 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 Minerva Technology Solutions 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 Minerva Technology Solutions Limited
Minerva Technology Solutions is an active public limited company based in New, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 October 1997 (29+ years old) and is registered under CIN U51109DL1997PLC090188.
Minerva Technology Solutions reported revenue of ₹4.35 Cr for FY 2024 (up 31% YoY).
Minerva Technology Solutions has 3 current directors:
- Sudhir Kumar - Director
- Neetu Dhar - Director
- Pallikandath Balan Sunil Kumar - Director
Minerva Technology Solutions reported a net profit of ₹68.65 Lakh (net margin 15.8%) and EBITDA of ₹95.64 Lakh (EBITDA margin 22%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Minerva Technology Solutions is 15% over three years and 8% over five years. In the latest year (FY 2024) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Minerva Technology Solutions is 07AABCS7902H1ZE, registered in Delhi. 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 Minerva Technology Solutions is U51109DL1997PLC090188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minerva Technology Solutions was incorporated on 14 October 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
Neetu Dhar was appointed as Director on 15 Jun 2021. Vijay Varahaswami ceased to be Director on 03 Nov 2017. Pawan Kumar ceased to be Additional Director on 30 Sep 2013. Minerva Technology Solutions has 8 board changes on record in total.
Minerva Technology Solutions can be reached through the website minerva.in. Its registered office is in New, Delhi, India.