Miti Sphere Solutions Private Limited
About Miti Sphere Solutions Private Limited
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Miti Sphere Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2015PTC102663. Its GSTIN is 33AAJCM9983C1Z6 (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Saiamulya Gurrala and Sagu Santhosh.
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 New No.16 Old No.11 Baskara Street Rangarajapuram, Chennai, Tamil Nadu, India – 600024.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.52 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹16.2 Lakh (net margin 6.4%) and EBITDA of ₹27.05 Lakh (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 29% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNew No.16 Old No.11 Baskara Street Rangarajapuram, Chennai, Tamil Nadu, India – 600024
- IndustryInformation Technology, Application Development & Software Solutions, Electronic Components & Equipment Manufacturing
- 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 Miti Sphere Solutions Private Limited
The main business activity of Miti Sphere Solutions 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 Miti Sphere Solutions Private Limited FY 2025 filings available
Miti Sphere Solutions Private Limited reported revenue of ₹2.52 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Miti Sphere Solutions Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 16% 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 Miti Sphere Solutions 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 | ₹27.05 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.2 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 Miti Sphere Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.4% | •••• | •••• | •••• | •••• |
| 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 Miti Sphere Solutions are in the company report.
Financial statements from FY 2016
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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sensible Connect Solutions Private Limited | ₹2.54 Cr (FY 2024) | •••• | •••• | 92.0% | •••• | Pune, Maharashtra, India |
| Klonec Automation Systems Private Limited | ₹2.53 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Udapi, Karnataka, India |
| Maxvega Networks Private Limited | ₹2.53 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Dhee Automation Private Limited | ₹2.52 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Bangalore, Karnataka, India |
| Anjana Barcode Solutions Private Limited | ₹2.52 Cr (FY 2016) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Miti Sphere Solutions Private Limited this company | ₹2.52 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Jai Electronic Industries Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | 123.0% | •••• | Mumbai, Maharashtra, India |
| Value Semiconductor Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| R.F.Network Private Limited | ₹2.51 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Bhopal, Madhya Pradesh, India |
| Riod Logic Private Limited | ₹2.51 Cr (FY 2024) | •••• | •••• | 182.0% | •••• | Mukundapuram, Kerala, India |
| Kobolt Robotics Private Limited | ₹2.5 Cr (FY 2022) | •••• | •••• | 868.0% | •••• | Singanallur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Miti Sphere Solutions by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions Private Limited is audited by HEMADRI & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HEMADRI & 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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saiamulya Gurrala | Director | 30 Mar 2016 | 10 Years 6 Months | Current |
| Sagu Santhosh | Director | 23 Oct 2015 | 10 Years 11 Months | Current |
Ownership and Shareholding of Miti Sphere Solutions 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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Miti Sphere Solutions Private Limited
Miti Sphere Solutions Private Limited has a workforce of 20 employees as of Apr 08, 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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Krosuri Ramanakumar ceased to be Director on 25 Mar 2019.
Credit Ratings, Litigation & Regulatory Alerts for Miti Sphere Solutions 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 Miti Sphere Solutions 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 Miti Sphere Solutions 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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCM9983C1Z6 | Tamil Nadu | Active | 06 Jan 2021 |
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 Miti Sphere Solutions 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 Miti Sphere Solutions Private Limited
Miti Sphere Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 October 2015 (11+ years old) and is registered under CIN U72900TN2015PTC102663.
Miti Sphere Solutions reported revenue of ₹2.52 Cr for FY 2025 (down 4% YoY).
Miti Sphere Solutions has 2 current directors:
- Saiamulya Gurrala - Director
- Sagu Santhosh - Director
Miti Sphere Solutions reported a net profit of ₹16.2 Lakh (net margin 6.4%) and EBITDA of ₹27.05 Lakh (EBITDA margin 10.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Miti Sphere Solutions is -4% over three years and 29% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Miti Sphere Solutions is 33AAJCM9983C1Z6, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Miti Sphere Solutions is U72900TN2015PTC102663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miti Sphere Solutions was incorporated on 23 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Miti Sphere Solutions by revenue are Sensible Connect Solutions Private Limited, Klonec Automation Systems Private Limited, Maxvega Networks Private Limited, Dhee Automation Private Limited, Anjana Barcode Solutions Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Krosuri Ramanakumar ceased to be Director on 25 Mar 2019. Saiamulya Gurrala was appointed as Director on 30 Mar 2016. Sagu Santhosh was appointed as Director on 23 Oct 2015.
The registered office of Miti Sphere Solutions is at New No.16 Old No.11 Baskara Street Rangarajapuram, Chennai, Tamil Nadu, India – 600024.