About MRGS Systems (India) Private Limited
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MRGS Systems (India) Private Limited is a private limited company based in Vijayawada, Andhra Pradesh, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 07 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U68100AP2017PTC106431. Its GSTIN is 37AALCM2482Q1ZN (Andhra Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Revathi Vardhineni and Vardhineni Mohanrao.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 41 – 1/19 – 1 GF – 3 Sgk Towers Balaji Nagar Krishna Lanka, Vijayawada, Andhra Pradesh, India – 520013.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.94 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹59.8 Lakh (net margin 8.6%) and EBITDA of ₹63.87 Lakh (EBITDA margin 9.2%).
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.5 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website mrgssystems.com.
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- Registered Address41 – 1/19 – 1 GF – 3 Sgk Towers Balaji Nagar Krishna Lanka, Vijayawada, Andhra Pradesh, India – 520013
- IndustryInformation Technology, Computer Programming, Consultancy
- 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 MRGS Systems (India) Private Limited
The main business activity of MRGS Systems (India) is information and communication. In detail, this covers motion picture, video and television programme production, sound recording and music publishing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 59 | Motion picture, video and television programme production, sound recording and music publishing 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 MRGS Systems (India) Private Limited FY 2024 filings available
MRGS Systems (India) Private Limited reported revenue of ₹6.94 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of MRGS Systems (India) Private Limited
Revenue fell 14% in the latest year. EBITDA rose 51% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of MRGS Systems (India) 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 | ₹63.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹59.8 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of MRGS Systems (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.6% | •••• | •••• | •••• | •••• |
| 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 MRGS Systems (India) are in the company report.
Financial statements from FY 2018
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 MRGS Systems (India) Private Limited
MRGS Systems (India) Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Motion picture, video and television programme production, sound recording and music publishing activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samsara Studio Private Limited | ₹7.12 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Gurgaon, Haryana, India |
| Desi Music Factory Private Limited | ₹7.09 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Delhi, India |
| Grey Matter Entertainment Private Limited | ₹7.08 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Culture Machine Media Private Limited | ₹6.95 Cr (FY 2025) | •••• | •••• | -86.0% | •••• | Mumbai, Maharashtra, India |
| Sancio VFX Studios Private Limited | ₹6.95 Cr (FY 2025) | •••• | •••• | 131.0% | •••• | Secunderabad, Telangana, India |
| MRGS Systems (India) Private Limited this company | ₹6.94 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Elements Production Services Private Limited | ₹6.92 Cr (FY 2024) | •••• | •••• | 70.0% | •••• | New Delhi, Delhi, India |
| Hula Hoop VFX Private Limited | ₹6.89 Cr (FY 2024) | •••• | •••• | 62.0% | •••• | Chennai, Tamil Nadu, India |
| Jai Viratra Entertainment Limited | ₹6.84 Cr (FY 2025) | •••• | •••• | 1199.0% | •••• | Mumbai, Maharashtra, India |
| Paper Planes Pictures Private Limited | ₹6.84 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Thane, Maharashtra, India |
| Igene Media Solution Private Limited | ₹6.72 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below MRGS Systems (India) by revenue in the same principal business activity (Motion picture, video and television programme production, sound recording and music publishing activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of MRGS Systems (India) Private Limited
MRGS Systems (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Revathi Vardhineni | Director | 07 Aug 2017 | 9 Years 2 Months | Current |
| Vardhineni Mohanrao | Director | 07 Aug 2017 | 9 Years 2 Months | Current |
Charges & Borrowings of MRGS Systems (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2025 | Indian Bank | ₹20 Cr | Open |
| 31 May 2021 | Hdfc Bank Limited | ₹1.5 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at MRGS Systems (India) Private Limited
Employment history and EPFO contributions of people linked to MRGS Systems (India).
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.
CIN History of MRGS Systems (India) Private Limited
MRGS Systems (India) has one previous CIN (Corporate Identification Number): U72900AP2017PTC106431. The current CIN is U68100AP2017PTC106431, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U68100AP2017PTC106431 | Current |
| U72900AP2017PTC106431 | Previous |
Recent Activity on MRGS Systems (India) Private Limited
MRGS Systems (India) Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Revathi Vardhineni was appointed as Director on 07 Aug 2017.
Credit Ratings, Litigation & Regulatory Alerts for MRGS Systems (India) 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 MRGS Systems (India) 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 MRGS Systems (India) 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 MRGS Systems (India) Private Limited
MRGS Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AALCM2482Q1ZN | Andhra Pradesh | Active | 01 Dec 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 MRGS Systems (India) 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 MRGS Systems (India) Private Limited
MRGS Systems (India) is an active private limited company based in Vijayawada, Andhra Pradesh, India. The company works in computer programming, within the information technology industry. It was incorporated on 07 August 2017 (9+ years old) and is registered under CIN U68100AP2017PTC106431.
MRGS Systems (India) reported revenue of ₹6.94 Cr for FY 2025 (down 14% YoY).
MRGS Systems (India) has 2 current directors:
- Revathi Vardhineni - Director
- Vardhineni Mohanrao - Director
MRGS Systems (India) reported a net profit of ₹59.8 Lakh (net margin 8.6%) and EBITDA of ₹63.87 Lakh (EBITDA margin 9.2%) for FY 2025, as per its filed financial statements.
The GSTIN of MRGS Systems (India) is 37AALCM2482Q1ZN, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of MRGS Systems (India) is U68100AP2017PTC106431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MRGS Systems (India) was incorporated on 07 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of MRGS Systems (India) by revenue are Samsara Studio Private Limited, Desi Music Factory Private Limited, Grey Matter Entertainment Private Limited, Culture Machine Media Private Limited, Sancio VFX Studios Private Limited and 5 more, all in the same principal business activity (Motion picture, video and television programme production, sound recording and music publishing activities).
Revathi Vardhineni was appointed as Director on 07 Aug 2017. Vardhineni Mohanrao was appointed as Director on 07 Aug 2017.
MRGS Systems (India) can be reached through the website mrgssystems.com. Its registered office is in Vijayawada, Andhra Pradesh, India.
The registered office of MRGS Systems (India) is at 41 – 119 – 1 GF – 3 Sgk Towers Balaji Nagar Krishna Lanka, Vijayawada, Andhra Pradesh, India – 520013.