About Mresult Services Private Limited
Data last updated:
Mresult Services Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2004PTC034303. Its GSTIN is 29AADCM9518M1ZT (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Sujatha Thyampanna Naik and Naveenchandra Ramdas Hegde.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9th Floor Nalapad Brigade Centre Mahadevapura Whitefield Main Road, Bengaluru, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹138.66 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹5.19 Cr (net margin 3.7%) and EBITDA of ₹8.32 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 37% over five years.
The company has about 781 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: MResult Services and MResult. As per MCA filings, the company has open charges of ₹4.26 Cr and satisfied charges of ₹8.62 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mresultindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address9th Floor Nalapad Brigade Centre Mahadevapura Whitefield Main Road, Bengaluru, Karnataka, India – 560048
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
- 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 Mresult Services Private Limited
The main business activity of Mresult Services 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 Mresult Services Private Limited FY 2024 filings available
Mresult Services Private Limited reported revenue of ₹138.66 Cr (up 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mresult Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 30% growth in the latest year. EBITDA fell 3% 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 Mresult Services Private 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 | ₹8.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.19 Cr | •••• | •••• | •••• | •••• |
| 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 Mresult Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 Mresult Services 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.
Peer Comparison of Mresult Services Private Limited
Mresult Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and 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 |
|---|---|---|---|---|---|---|
| Aurigo Software Technologies Private Limited | ₹139.66 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bangalore, Karnataka, India |
| Sopra Banking Software Solutions India Private Limited | ₹139.43 Cr (FY 2020) | •••• | •••• | 242.0% | •••• | Noida, Uttar Pradesh, India |
| Wipro Vlsi Design Services India Private Limited | ₹139.29 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Bangalore, Karnataka, India |
| Mariapps Marine Solutions Private Limited | ₹139.2 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Kanayannur, Kerala, India |
| Digital Compusystems Private Limited | ₹139.1 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Gurgaon, Haryana, India |
| Mresult Services Private Limited this company | ₹138.66 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Bengaluru, Karnataka, India |
| Focus Softnet Private Limited | ₹138.59 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Delta Technology and Management Services Private Limited | ₹138.4 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| VSM Technologies Private Limited | ₹137.9 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Zen Quality Assurance Private Limited | ₹137.87 Cr (FY 2023) | •••• | •••• | 30.0% | •••• | Hyderabad, Telangana, India |
| Vocera Communications India Private Limited | ₹137.82 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Mresult Services by revenue in the Information Technology industry (Application Development, IT Consulting and 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 Mresult Services Private Limited
Mresult Services Private Limited is audited by B.K.Khare & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.K.Khare & 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 Mresult Services Private Limited
Mresult Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujatha Thyampanna Naik | Director | 27 Dec 2005 | 20 Years 9 Months | Current |
| Naveenchandra Ramdas Hegde Also directs: Expert Vision Labs Private Limited | Director | 04 Jul 2025 | 1 Years 3 Months | Current |
| Mohan Kurnad Naik | Director | 21 Mar 2005 | 21 Years 6 Months | Current |
Ownership and Shareholding of Mresult Services 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 Mresult Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Mar 2021 | Axis Bank Limited | ₹4.26 Cr | Open |
| 10 Nov 2017 | Others | ₹4.48 Cr | Satisfied |
| 23 Jun 2007 | Vijaya Bank | ₹4.14 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Mresult Services Private Limited
Mresult Services Private Limited has 6 court cases on record: 2 filed by Mresult Services, 4 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Pan Electronics (India) Limited | Disposed |
| High Court of Karnataka | Court case (OSA) | Filed against the company by Pan Electronics (India) Limited | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against Pan Electronics (India) Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Pan Electronics (India) Limited | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Mresult Services Private Limited
Mresult Services operates two associated brands: MResult Services and MResult. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT services including cloud computing, analytics, and custom development for enterprises. | mresultindia.com | |
| Provides data management, analytics, and AI solutions for businesses worldwide. | mresult.com |
Employees and EPFO Compliance at Mresult Services Private Limited
Mresult Services Private Limited has a workforce of 781 employees as of Mar 25, 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 Mresult Services Private Limited
Mresult Services Private Limited has 5 board changes on record since 2005: 3 appointments and 2 cessations. The latest: Naveenchandra Ramdas Hegde ceased to be Additional Director on 28 Sep 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mresult Services 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 Mresult Services 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 Mresult Services 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 Mresult Services Private Limited
Mresult Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCM9518M1ZT | Karnataka | 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 Mresult Services 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 Mresult Services Private Limited
Mresult Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 July 2004 (22+ years old) and is registered under CIN U72200KA2004PTC034303.
Mresult Services reported revenue of ₹138.66 Cr for FY 2024 (up 30% YoY).
Mresult Services has 3 current directors:
- Sujatha Thyampanna Naik - Director
- Naveenchandra Ramdas Hegde - Director
- Mohan Kurnad Naik - Director
Mresult Services reported a net profit of ₹5.19 Cr (net margin 3.7%) and EBITDA of ₹8.32 Cr (EBITDA margin 6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mresult Services is 44% over three years and 37% over five years. In the latest year (FY 2024) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mresult Services is 29AADCM9518M1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Mresult Services is U72200KA2004PTC034303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mresult Services has 6 court cases on record: 2 filed by the company and 4 filed against it.
Mresult Services was incorporated on 12 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mresult Services by revenue are Aurigo Software Technologies Private Limited, Sopra Banking Software Solutions India Private Limited, Wipro Vlsi Design Services India Private Limited, Mariapps Marine Solutions Private Limited, Digital Compusystems Private Limited and 5 more, all in the Information Technology industry (Application Development, IT Consulting and Services).
Naveenchandra Ramdas Hegde ceased to be Additional Director on 28 Sep 2025. Naveenchandra Ramdas Hegde was appointed as Director on 04 Jul 2025. Nanaiah Somaiah Chowrira ceased to be Director on 30 Jun 2019. Mresult Services has 5 board changes on record in total.