Maveric Systems Limited

Maveric Systems Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U74140TN2000PLC045197 Incorporated 19 June 2000 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Public Limited Company information technology
Data last updated
Revenue · FY 2026
₹392.6 Cr
▼ 4% YoY
Net profit · FY 2026
₹24.39 Cr
Net margin 6.2%
EBITDA · FY 2026
₹57.61 Cr
EBITDA margin 14.7%
Authorised capital
₹5.2 Cr
Registered with MCA
Paid-up capital
₹4.09 Cr
Issued & subscribed
Open charges
₹21 Cr
Satisfied ₹7.95 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
2,563
Provident fund records

About Maveric Systems Limited

Data last updated:

Maveric Systems Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 19 June 2000 and has been in existence for over 26 years.

Its director Arun Jain and family are #852 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74140TN2000PLC045197. Its GSTIN is 33AACCM2335D2Z2 (Tamil Nadu). The company holds 5 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹5.2 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Indupuri Ranga Reddy (Whole-Time Director) and Padmanabhachari Venkatesh (Whole-Time Director).

Its last annual general meeting (AGM) was held on 03 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 2nd Floor Block 5 DLF IT Park, Chennai, Tamil Nadu.

As per the financials filed for FY 2026, the company reported a revenue of ₹392.6 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹24.39 Cr (net margin 6.2%) and EBITDA of ₹57.61 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.

The company has about 2,563 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Maveric Systems. As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹7.95 Cr on record. Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it; 1 case is pending. The company has 7 deals on record (7 secondary share transfers); the latest was in March 2024.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maveric-systems.com.

Company details

CIN U74140TN2000PLC045197
Registration Number 045197
Incorporation Date 19 June 2000
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 03 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Maveric Systems has one previous CIN (Corporate Identification Number): L74140TN2000PLC045197. The current CIN is U74140TN2000PLC045197, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74140TN2000PLC045197Current
L74140TN2000PLC045197Previous
Key People
Indupuri Ranga Reddy Whole-Time Director Padmanabhachari Venkatesh Whole-Time Director Nurani Neelakantan Subramanian Whole-Time Director

Recognitions & Rankings of Maveric Systems

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Maveric Systems Limited's registered office is in Chennai, Tamil Nadu. Its website is maveric-systems.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    maveric-systems.com
  • Social Media
  • Registered Address
    2nd Floor Block 5 DLF IT Park 1/124 Nandambakkam Post Ramapuram Mount Poon, Amallee Rd, Chennai, Tamil Nadu, India – 600089
  • Industry
    Information Technology, Software Development & Support Services

To see the full contact details of Maveric Systems Limited, buy the company report.

Comprehensive company report
Maveric Systems 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

Brands

Maveric Systems operates one associated brand: Maveric Systems. Each brand links to its own profile.

BrandDescriptionWebsite
Maveric Systems
AI-powered solutions are provided for financial services transformation.maveric-systems.com

Business activity

The main business activity of Maveric Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communication62Computer programming, consultancy and related activities

To see the full business activity and turnover split of Maveric Systems Limited, buy the company report.

Financials of Maveric Systems Limited

FY 2026 filings available

Maveric Systems Limited reported revenue of ₹392.6 Cr (down 4% YoY) for FY 2026.

Revenue · FY 2026
₹392.6 Cr ▼ 4%
Net profit · FY 2026
₹24.39 Cr margin 6.2%
EBITDA · FY 2026
₹57.61 Cr margin 14.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 3%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 33%
3 years · compounded
▼ 10%
5 years · compounded
▼ 6%

Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 33% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹392.6 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹57.61 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹24.39 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin14.7%
Net Profit Margin6.2%
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 Maveric Systems Limited, buy the company report.

Board of directors of Maveric Systems Limited

Maveric Systems has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Aravamudhan Ramaswamy ParthasarathyDirector20 Feb 20206 Years 8 MonthsCurrent
Arun Jain
Also directs: Grow Talent Company Limited, Intellect Design Arena Limited, Polaris Banyan Holding Private Limited and 1 more
Director19 Jun 200026 Years 4 MonthsCurrent
Rama Sivaraman
Also directs: MM Forgings Limited
Director31 Mar 20224 Years 7 MonthsCurrent
Indupuri Ranga ReddyWhole-Time Director01 Jul 200026 Years 4 MonthsCurrent
Padmanabhachari VenkateshWhole-Time Director24 Jun 20215 Years 4 MonthsCurrent
Nurani Neelakantan SubramanianWhole-Time Director24 Jun 20215 Years 4 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Maveric Systems Limited is audited by Deloitte Haskins and Sells for the financial year 2026.

Auditor firmFinancial yearFirm registration number
Deloitte Haskins and SellsFY 2026008072S

Shareholding

The shareholding of Maveric Systems 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Maveric Systems Limited, buy the company report.

Charges & borrowings

Open charges
₹21 Cr
Satisfied charges
₹7.95 Cr
Breakdown by lending institutions
Citi Bank N.A.₹15.00 Cr
State Bank of India₹6.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Jun 2025101128224State Bank of India₹6 CrOpen
16 Feb 2016100027511Citi Bank N.A.₹15 CrOpen
25 Aug 201510597026Dbs Bank Ltd₹1 CrSatisfied
31 Aug 201010268725Hdfc Bank Limited₹4.66 LakhSatisfied
30 Mar 200490286126State Bank of India₹6 CrSatisfied

To see the full charge records of Maveric Systems Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Maveric Systems Limited has 7 deals on record (7 secondary share transfers); the latest was in March 2024.

Total deals
7
Secondary share transfers
7

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedSeller: 4 individuals
Feb 2022Secondary share transferUndisclosedBuyer: an individual
Seller: Polaris Banyan Holding Pvt. Ltd
Feb 2022Secondary share transferUndisclosedBuyer: an individual
Seller: Polaris Banyan Holding Pvt. Ltd
Jul 2021Secondary share transferUndisclosedSeller: Polaris Banyan Holding Pvt. Ltd, 3 individuals
Feb 2021Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Polaris Banyan Holding Pvt. Ltd

To see the full deal history of Maveric Systems Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Maveric Systems Limited was last rated by Crisil on 04 Nov 2020.

Rating agencyRated onRating
Crisil04 Nov 2020

To see the full credit ratings and regulatory alerts of Maveric Systems Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Maveric Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Maveric Systems Limited has a workforce of 2,563 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
2,563
Active EPFO establishments
1
Employee growth
-2.73%

GST

Maveric Systems has 5 GST registrations: 3 active and 2 cancelled or inactive.

Total GSTINs
5
Active
3
Cancelled / inactive
2
GSTINStateStatusRegistered on
33AACCM2335D2Z2Tamil NaduActive03 Aug 2017
29AACCM2335D1ZSKarnatakaActive01 Jul 2017
27AACCM2335D2ZVMaharashtraActive10 Jan 2022

To see the full GST registrations and return filing status of Maveric Systems Limited, buy the company report.

Recent activity

Maveric Systems Limited has 21 board changes on record since 2000: 8 appointments and 13 cessations. The latest: Mahesh Velliyur Nott ceased to be Whole-Time Director on 31 Aug 2025.

AGM
Maveric Systems Limited last Annual general meeting of members was held on 03 Sep 2026 as per latest MCA records.
Filing
Maveric Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
Ceased
Mahesh Velliyur Nott ceased to be Whole-Time Director.
Charges
A charge registered on 30 Mar 2004 via Charge ID 90286126 with State Bank Of India was fully satisfied on 31 Jul 2025.
Charges
A charge with State Bank Of India amounted to Rs. 6.00 Cr with Charge ID 101128224 was registered on 30 Jun 2025.
Ceased
Venkatraman Gopalasamudram Srinivasan ceased to be CFO.
Ceased
Anil Sachdev ceased to be Additional Director.
Ceased
Parthasarathy Namakal Srinivasan ceased to be Additional Director.
Ceased
Shaji Farooq ceased to be Additional Director.
Charges
A charge with State Bank Of India of Rs. 6.00 Cr registered on 30 Mar 2004 with Charge ID 90286126 was modified on 28 Jun 2024.
Appointed
Anil Sachdev was appointed as Director.
Appointed
Parthasarathy Namakal Srinivasan was appointed as Director.

25 earlier events are in the company report.

News

Maveric Systems eyes IPO in 2-3 years
28 Mar 2024 · Maveric-Systems

Frequently asked questions

Maveric Systems is an active public limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 19 June 2000 (26+ years old) and is registered under CIN U74140TN2000PLC045197.

Maveric Systems has 8 current directors:

The latest financial statements of Maveric Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 03 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Maveric Systems is 33AACCM2335D2Z2, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AACCM2335D1ZS (Karnataka), 27AACCM2335D2ZV (Maharashtra).

The CIN (Corporate Identification Number) of Maveric Systems is U74140TN2000PLC045197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Maveric Systems has 12 court cases on record: 11 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.

Maveric Systems was incorporated on 19 June 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chennai.

Maveric Systems has 7 deals on record (7 secondary share transfers); the latest was in March 2024.

Mahesh Velliyur Nott ceased to be Whole-Time Director on 31 Aug 2025. Venkatraman Gopalasamudram Srinivasan ceased to be CFO on 06 Jun 2025. Anil Sachdev ceased to be Additional Director on 30 Jul 2024. Maveric Systems has 21 board changes on record in total.

Maveric Systems can be reached through the website maveric-systems.com. Its registered office is in Chennai, Tamil Nadu, India.