About Manipal Technologies Limited
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Manipal Technologies Limited is a public limited company based in Udupi, Karnataka, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 13 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U22219KA2000PLC026222. Its GSTIN is 29AABCM9516H1Z8 (Karnataka). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹359.91 Cr and a paid-up capital of ₹314.65 Cr. It was formerly known as Manipal Press Private Limited and Manipal Press Limited. It is led by directors including Tonse Gautham Pai (Whole-Time Director) and Sujir Prabhakar.
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 Udupi, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2,336.35 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹239.53 Cr (net margin 10.3%) and EBITDA of ₹444.33 Cr (EBITDA margin 19%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 11% over five years.
The company has about 1,792 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 4 brands: GetMiClass, SahiPay, Manipal Technologies and CrossFraud. As per MCA filings, the company has open charges of ₹477.52 Cr and satisfied charges of ₹1,699.37 Cr on record. Court records list 167 cases involving the company, including 109 filed by the company and 58 filed against it; 24 cases are pending. The company has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹429.81 Cr; the latest was in November 2025. The company has 8 MSME Form 1 returns on record between 2022 and 2023, listing 2,473 overdue payments to 78 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 manipaltechnologies.com.
Company details
Name history
Manipal Technologies has undergone 2 name changes throughout its history. The company was previously known as Manipal Press Private Limited, and Manipal Press Limited. The current legal name is Manipal Technologies Limited.
| Company Name | Status |
|---|---|
| Manipal Technologies Limited | Current |
| Manipal Press Private Limited | Previous |
| Manipal Press Limited | Previous |
CIN history
Manipal Technologies has one previous CIN (Corporate Identification Number): U22219KA2000PTC026222. The current CIN is U22219KA2000PLC026222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U22219KA2000PLC026222 | Current |
| U22219KA2000PTC026222 | Previous |
Contact details
Manipal Technologies Limited's registered office is in Udupi, Karnataka. Its website is manipaltechnologies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUdayavani Building, Press Corner, Udupi, Karnataka, India – 576104
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Manipal Technologies 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
Manipal Technologies operates multiple associated brands including GetMiClass, SahiPay, and Manipal Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A SaaS platform delivering entrance exam preparation solutions. | getmiclass.com | |
| Payment acceptance solutions are provided for businesses via digital methods. | sahipay.com | |
| Diversified conglomerate operating across multiple industries | manipaltechnologies.com | |
| AI-powered solutions for financial fraud and risk management are provided. | crossfraud.com |
Business activity
The main business activity of Manipal Technologies is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media |
To see the full business activity and turnover split of Manipal Technologies Limited, buy the company report.
Financials of Manipal Technologies Limited
FY 2024 filings availableManipal Technologies Limited reported revenue of ₹2,336.35 Cr (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 26% growth in the latest year. EBITDA rose 91% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹444.33 Cr | ||||
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| Net Profit (PAT) | ₹239.53 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19% | ||||
| Net Profit Margin | 10.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Manipal Technologies Limited, buy the company report.
Board of directors and KMP of Manipal Technologies Limited
Manipal Technologies Limited currently reports 7 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujir Prabhakar Also directs: Manipal Media Network Limited, Icds Limited | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
| Padmaja Shailen Ruparel Also directs: Manipal Payment and Identity Solutions Limited, Ester Industries Limited, Manipal Business Solutions Private Limited and 5 more | Director | 30 Jan 2023 | 3 Years 8 Months | Current |
| Tonse Gautham Pai Also directs: La Scenteur Fragrance LLP, Primacy Industries Private Limited, Manipal Payment and Identity Solutions Limited and 1 more | Whole-Time Director | 29 Jul 2003 | 23 Years 2 Months | Current |
| Prabhakara Dayananda Kamath | Director | 01 Jul 2018 | 8 Years 3 Months | Current |
| Abhay Anant Gupte Also directs: Manipal Payment and Identity Solutions Limited, Ester Industries Limited, Intellect Design Arena Limited and 3 more | Ceo | 12 Aug 2013 | 13 Years 2 Months | Current |
| Tonse Sachin Pai | Director | 16 Apr 2004 | 22 Years 6 Months | Current |
Auditor
Manipal Technologies Limited is audited by SRIRAMULU NAIDU & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIRAMULU NAIDU & CO | FY 2023 | 008975S |
Shareholding
The shareholding of Manipal Technologies 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 Manipal Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2025 | 101179502 | Axis Bank Limited | ₹41.09 Lakh | Open | |
| 29 Aug 2025 | 101158494 | Others | ₹60 Cr | Open | |
| 28 Aug 2025 | 101152506 | Others | ₹20.98 Lakh | Open | |
| 29 Apr 2025 | 101099257 | Others | ₹1.27 Cr | Open | |
| 13 Dec 2024 | 101019030 | Others | ₹35 Lakh | Open |
To see the full charge records of Manipal Technologies Limited, buy the company report.
Total charge records: 122 View all charges
Deals & funding
Manipal Technologies Limited has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹429.81 Cr; the latest was in November 2025.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Funding round | ₹10.98 Cr | Investors: Tridevita Family Trust, Shivally Investment Company Private Limited , Sharath Investments Private Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Manipal Media Network Limited Seller: Manipal Prakashan Limited |
| Jan 2012 | Funding round | ₹1.76 Cr | Investors: Manipal Media Network Limited |
To see the full deal history of Manipal Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Manipal Technologies Limited has 167 court cases on record: 109 filed by Manipal Technologies, 58 filed against it. 24 cases are pending and 143 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 93 | 35 | 11 |
| High courts | 67 | 19 | 11 |
| Supreme Court | 7 | 4 | 2 |
Cases on record (5 of 167)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by HR Mantra Software Private Limited Through Mr Pankaj Balaprasad Bhargav | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Bank of Baroda | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Hrmantra Software Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Hrmantra Software Private Limited | Pending |
| Supreme Court | Court case (0905-Civil Law : Any matter arising out of Civil suit/proceedings, which is not covered in any of the above categories) | Filed against the company by M/S. Juggernaut Books Pvt. Ltd. Rep. by Its Managing Directors and Authorised Signatory Mr.S Rudrani Sarkar 4Th Floor, 118, K.S. House , Shahpur Jat , District: New Delhi , , Delhi | Pending |
To see the full case history of Manipal Technologies 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.
Credit ratings & regulatory alerts
Manipal Technologies Limited was last rated by Indiarating on 17 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Aug 2022 |
To see the full credit ratings and regulatory alerts of Manipal Technologies Limited, buy the company report.
MSME payment delays
Manipal Technologies Limited has 8 MSME Form 1 returns on record between 2022 and 2023, listing 2,473 overdue payments to 78 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 (5 of 78)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| I Ball Offset | |||
| Kiran Business Forms Print Private Limited | |||
| Bang Paper & Boards Private Limited | |||
| an individual supplier | |||
| Educational Stores |
To see the full MSME payment records of Manipal Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Manipal Technologies has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Manipal Utility Packaging Solutions Private Limited | U21014KA2008PTC045299 | |
| Manipal Business Solutions Private Limited | U72200KA2009PTC050532 | |
| MCT Cards & Technology Private Limited | U72900KA2008PTC045316 | |
| Sahibandhu Fintech Services Private Limited | U72900KA2022PTC157782 | |
| Manipal Logistics Private Limited | U74900KA2010PTC053146 |
To see the full group structure of Manipal Technologies Limited, buy the company report.
Employees & EPFO
Manipal Technologies Limited has a workforce of 1,792 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Manipal Technologies has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM9516H1Z8 | Karnataka | Active | 01 Jul 2017 |
| 29AABCM9516H2Z7 | Karnataka | Active | 25 Feb 2025 |
| 07AABCM9516H1ZE | Delhi | Active | 01 Jul 2017 |
| 19AABCM9516H1Z9 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manipal Technologies Limited, buy the company report.
Recent activity
Manipal Technologies Limited has 26 board changes on record since 2000: 10 appointments and 16 cessations. The latest: Sagar Mukhopadhyay was appointed as Additional Director on 11 Sep 2025.
264 earlier events are in the company report.
News
Frequently asked questions
Manipal Technologies is an active public limited company based in Udupi, Karnataka, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 13 January 2000 (26+ years old) and is registered under CIN U22219KA2000PLC026222.
Manipal Technologies has 8 current directors and KMP:
- Tonse Gautham Pai - Whole-Time Director
- Sujir Prabhakar - Director
- Padmaja Shailen Ruparel - Director
- Prabhakara Dayananda Kamath - Director
- Tonse Sachin Pai - Director
- Tonse Satish Upendra Pai - Director
- Sagar Mukhopadhyay - Additional Director
- Abhay Anant Gupte - Ceo
The latest financial statements of Manipal Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Manipal Technologies is 29AABCM9516H1Z8, registered in Karnataka. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 29AABCM9516H2Z7 (Karnataka), 07AABCM9516H1ZE (Delhi), 19AABCM9516H1Z9 (West Bengal).
The CIN (Corporate Identification Number) of Manipal Technologies is U22219KA2000PLC026222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manipal Technologies has 167 court cases on record: 109 filed by the company and 58 filed against it. 24 are pending. Most are in the district courts.
Manipal Technologies was incorporated on 13 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Manipal Technologies has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹429.81 Cr; the latest was in November 2025.
Sagar Mukhopadhyay was appointed as Additional Director on 11 Sep 2025. Sujir Prabhakar ceased to be Additional Director on 17 Sep 2024. Hardur Manjunatha Dattatri was appointed as Company Secretary on 22 Apr 2024. Manipal Technologies has 26 board changes on record in total.
Manipal Technologies has 8 MSME Form 1 returns on record between 2022 and 2023, listing 2,473 overdue payments to 78 micro and small suppliers. The latest return was filed on 02 Sep 2023.
Manipal Technologies can be reached through the website manipaltechnologies.com. Its registered office is in Udupi, Karnataka, India.