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About Montran Corporation (India) Private Limited
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Montran Corporation (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Montran Corporation Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2013PTC249208. Its GSTIN is 27AAICM9064F1Z6 (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹38.71 Lakh. It is led by directors including Rushikesh Shriniwas Panse and Julie Elizabeth Esca.
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Nesco IT Park, Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹107.66 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹4.99 Cr (net margin 4.6%) and EBITDA of ₹7.61 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 51% over five years.
The company has about 281 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Montran. As per MCA filings, the company has open charges of ₹17.2 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹37.7 Lakh; the latest was in February 2014. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 15 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 montran.com.
Company details
Contact details
Montran Corporation (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is montran.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 504 5th Floor Tower 3, Nesco IT Park Nesco Centre Western Express Highway, Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Montran Corporation (India) Private Limited, buy the company report.
- 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
Brands
Montran Corporation (India) operates one associated brand: Montran. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment, settlement, and CSD solutions are provided to banks. | montran.com |
Business activity
The main business activity of Montran Corporation (India) is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Montran Corporation (India) Private Limited, buy the company report.
Financials of Montran Corporation (India) Private Limited
FY 2024 filings availableMontran Corporation (India) Private Limited reported revenue of ₹107.66 Cr (up 54% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 54% growth in the latest year. EBITDA rose 151% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹107.66 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.99 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Montran Corporation (India) Private Limited, buy the company report.
Board of directors of Montran Corporation (India) Private Limited
Montran Corporation (India) has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushikesh Shriniwas Panse Also directs: Montran Services (India) Private Limited | Director | 18 Dec 2024 | 1 Years 10 Months | Current |
| Julie Elizabeth Esca Also directs: Montran Services (India) Private Limited | Director | 16 Dec 2024 | 1 Years 10 Months | Current |
| Sanford Alan Faden Also directs: Montran Services (India) Private Limited | Director | 16 Dec 2024 | 1 Years 10 Months | Current |
| Alexander Esca Also directs: Montran Services (India) Private Limited | Director | 16 Dec 2024 | 1 Years 10 Months | Current |
| Kaye Elizabeth Marron Also directs: Montran Services (India) Private Limited | Director | 16 Dec 2024 | 1 Years 10 Months | Current |
Auditor
Montran Corporation (India) Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Montran Corporation (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Montran Corporation (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2024 | 100941937 | Standard Chartered Bank | ₹2.2 Cr | Open | |
| 04 Jul 2023 | 100752965 | Others | ₹15 Cr | Open |
To see the full charge records of Montran Corporation (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Montran Corporation (India) Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹37.7 Lakh; the latest was in February 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2014 | Funding round | ₹37.7 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Montran Corporation (India) Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COMIP) | Filed against the company by Montran Corporation Nishith Desai Associates | Disposed |
| High Court | Court case (LPETN) | Filed against the company by Montran Corporation Nishith Desai Associates | Disposed |
To see the full case history of Montran Corporation (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Montran Corporation (India) Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 15 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 |
|---|---|---|---|
| Concept Consilio India Private Limited | |||
| Hasmukh Shah & Co. LLP |
To see the full MSME payment records of Montran Corporation (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Montran Corporation (India) Private Limited has a workforce of 281 employees on its EPFO records as of Mar 23, 2025, across 1 active EPFO establishment.
GST
Montran Corporation (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM9064F1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Montran Corporation (India) Private Limited, buy the company report.
Recent activity
Montran Corporation (India) Private Limited has 14 board changes on record since 2013: 6 appointments and 8 cessations. The latest: Alexander Esca ceased to be Additional Director on 29 Jun 2025.
8 earlier events are in the company report.
News
Frequently asked questions
Montran Corporation (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 October 2013 (13+ years old) and is registered under CIN U72300MH2013PTC249208.
Montran Corporation (India) has 5 current directors:
- Rushikesh Shriniwas Panse - Director
- Julie Elizabeth Esca - Director
- Sanford Alan Faden - Director
- Alexander Esca - Director
- Kaye Elizabeth Marron - Director
The latest financial statements of Montran Corporation (India) on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 30 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Montran Corporation (India) is 27AAICM9064F1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Montran Corporation (India) is U72300MH2013PTC249208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Montran Corporation (India) has 2 court cases on record: 2 filed against it.
Montran Corporation (India) was incorporated on 14 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Montran Corporation (India) has 1 deal on record (1 funding round), with disclosed funding of ₹37.7 Lakh; the latest was in February 2014.
Alexander Esca ceased to be Additional Director on 29 Jun 2025. Julie Elizabeth Esca ceased to be Additional Director on 29 Jun 2025. Kaye Elizabeth Marron ceased to be Additional Director on 29 Jun 2025. Montran Corporation (India) has 14 board changes on record in total.
Montran Corporation (India) has 7 MSME Form 1 returns on record between 2022 and 2024, listing 15 overdue payments to 2 micro and small suppliers. The latest return was filed on 18 Apr 2024.
Montran Corporation (India) can be reached through the website montran.com. Its registered office is in Mumbai, Maharashtra, India.
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