MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0007976
M&R Advisory Services Private Limited - business outsourcing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.17 Cr
▲ 68% YoY
Net profit · FY 2025
₹52.38 Lakh
Net margin 44.9%
EBITDA · FY 2025
₹57.17 Lakh
EBITDA margin 49%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
4
As per MCA filings
About M&R Advisory Services Private Limited
Data last updated:
M&R Advisory Services Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 06 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2008PTC054148. Its GSTIN is 24AADCC3939J1ZM (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Composite Solutions Private Limited. It is led by directors including Heena Shah and Karan Mukund Bakshi.
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 Ff – 34 E – Tower Avishkar Complex Old Padra Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.17 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹52.38 Lakh (net margin 44.9%) and EBITDA of ₹57.17 Lakh (EBITDA margin 49%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹10 Lakh on record.
M&R Advisory Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0007976). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cspl.net.in.
Company details
CIN U74140GJ2008PTC054148
Registration Number 054148
Incorporation Date 06 June 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0007976
Recognitions & Rankings of M&R Advisory Services
Contact details
M&R Advisory Services Private Limited's registered office is in Vadodara, Gujarat. Its website is cspl.net.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFf – 34 E – Tower Avishkar Complex Old Padra Road, Vadodara, Gujarat, India – 390007
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of M&R Advisory Services Private Limited, buy the company report.
Comprehensive company report
M&R Advisory Services Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of M&R Advisory Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of M&R Advisory Services Private Limited, buy the company report.
Financials of M&R Advisory Services Private Limited
FY 2025 filings availableM&R Advisory Services Private Limited reported revenue of ₹1.17 Cr (up 68% YoY) for FY 2025.
Revenue · FY 2025
₹1.17 Cr ▲ 68%
Net profit · FY 2025
₹52.38 Lakh margin 44.9%
EBITDA · FY 2025
₹57.17 Lakh margin 49%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 68%
3 years · compounded
▼ 3%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 123%
3 years · compounded
▲ 16%
5 years · compounded
▲ 67%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 68% growth in the latest year. EBITDA rose 123% 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 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 | ₹57.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.38 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49% | ||||
| Net Profit Margin | 44.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of M&R Advisory Services Private Limited, buy the company report.
Board of directors of M&R Advisory Services Private Limited
M&R Advisory Services has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Heena Shah | Director | 07 Dec 2017 | 8 Years 10 Months | Current |
| Karan Mukund Bakshi Also directs: Anjali Contracts LLP, Composite Education Solutions LLP | Director | 22 Jul 2024 | 2 Years 3 Months | Current |
| Rohit Kothari | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Heli K Oza | Additional Director | 01 Jan 2026 | 0 Years 9 Months | Current |
Auditor
M&R Advisory Services Private Limited is audited by MUKUND PATEL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND PATEL & CO | FY 2019 | 106658W |
Shareholding
The shareholding of M&R Advisory Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of M&R Advisory Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2022 | 100592507 | The Kalupur Commercial Co-Operative Bank Limited | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving M&R Advisory Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for M&R Advisory Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M&R Advisory Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCC3939J1ZM | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M&R Advisory Services Private Limited, buy the company report.
Recent activity
M&R Advisory Services Private Limited has 13 board changes on record since 2014: 5 appointments and 8 cessations. The latest: Heli K Oza was appointed as Additional Director on 01 Jan 2026.
Appointed
Heli K Oza was appointed as Additional Director.
AGM
M&R Advisory Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
M&R Advisory Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Karan Mukund Bakshi ceased to be Additional Director.
Appointed
Karan Mukund Bakshi was appointed as Director.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 10.00 Lakh with Charge ID 100592507 was registered on 08 Jul 2022.
Appointed
Rohit Kothari was appointed as Director.
Ceased
Heena Shah ceased to be Additional Director.
Ceased
Mudit Rohit Kothari ceased to be Additional Director.
Ceased
Rohit Kothari ceased to be Director.
Appointed
Heena Shah was appointed as Director.
Ceased
Mukund Prahlad Bakshi ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
M&R Advisory Services is an active private limited company based in Vadodara, Gujarat, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 06 June 2008 (18+ years old) and is registered under CIN U74140GJ2008PTC054148.
M&R Advisory Services has 4 current directors:
- Heena Shah - Director
- Karan Mukund Bakshi - Director
- Rohit Kothari - Director
- Heli K Oza - Additional Director
The latest financial statements of M&R Advisory Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of M&R Advisory Services is 24AADCC3939J1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of M&R Advisory Services is U74140GJ2008PTC054148. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M&R Advisory Services was incorporated on 06 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Heli K Oza was appointed as Additional Director on 01 Jan 2026. Karan Mukund Bakshi ceased to be Additional Director on 29 Sep 2024. Karan Mukund Bakshi was appointed as Director on 22 Jul 2024. M&R Advisory Services has 13 board changes on record in total.
Yes, M&R Advisory Services is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0007976).
M&R Advisory Services can be reached through the website cspl.net.in. Its registered office is in Vadodara, Gujarat, India.
The registered office of M&R Advisory Services is at Ff – 34 E – Tower Avishkar Complex Old Padra Road, Vadodara, Gujarat, India – 390007.