MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0044310
MSBC Solutions (India) Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹40.6 Cr
▼ 15% YoY
Net profit · FY 2025
₹1.91 Cr
Net margin 4.7%
EBITDA · FY 2025
₹4.3 Cr
EBITDA margin 10.6%
Authorised capital
₹1.28 Cr
Registered with MCA
Paid-up capital
₹1.01 Cr
Issued & subscribed
Open charges
₹25 Lakh
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
77
Provident fund records
About MSBC Solutions (India) Private Limited
Data last updated:
MSBC Solutions (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2005PTC045437. Its GSTIN is 24AABCI3272J1ZO (Gujarat).
The company has an authorised share capital of ₹1.28 Cr and a paid-up capital of ₹1.01 Cr. It was formerly known as I-Serve Remote Solutions Private Limited. It is led by directors Kumar Manubhai Varsani and Manu Murjibhai Varsani.
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 401 Balleshwar Square Opp. Iscon Temple S G Highway, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.6 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 4.7%) and EBITDA of ₹4.3 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 7% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
MSBC Solutions (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0044310). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msbcgroup.com.
Company details
CIN U72900GJ2005PTC045437
Registration Number 045437
Incorporation Date 08 February 2005
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 Small
Udyam Registration UDYAM-GJ-01-0044310
Recognitions & Rankings of MSBC Solutions (India)
Contact details
MSBC Solutions (India) Private Limited's registered office is in Ahmedabad, Gujarat. Its website is msbcgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address401 Balleshwar Square Opp. Iscon Temple S G Highway, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of MSBC Solutions (India) Private Limited, buy the company report.
Comprehensive company report
MSBC Solutions (India) 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
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Business activity
The main business activity of MSBC Solutions (India) is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of MSBC Solutions (India) Private Limited, buy the company report.
Financials of MSBC Solutions (India) Private Limited
FY 2025 filings availableMSBC Solutions (India) Private Limited reported revenue of ₹40.6 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹40.6 Cr ▼ 15%
Net profit · FY 2025
₹1.91 Cr margin 4.7%
EBITDA · FY 2025
₹4.3 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 59%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 29%
5 years · compounded
▲ 9%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 27% 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 |
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| EBITDA | ₹4.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.91 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of MSBC Solutions (India) Private Limited, buy the company report.
Board of directors of MSBC Solutions (India) Private Limited
MSBC Solutions (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumar Manubhai Varsani | Director | 10 Apr 2006 | 20 Years 6 Months | Current |
| Manu Murjibhai Varsani | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
MSBC Solutions (India) Private Limited is compared with the 4 companies closest to it by revenue in the Outsourcing industry (Application Development, Diversified BPO, IT Consulting and Services), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Guavus Network Systems Private Limited | ₹40.74 Cr (FY 2024) | -34.0% | New Delhi, Delhi, India | |||
| Prime Tech Solutions Private Limited | ₹40.62 Cr (FY 2016) | 157.0% | Gurgaon, Haryana, India | |||
| MSBC Solutions (India) Private Limitedthis company | ₹40.6 Cr (FY 2025) | ₹1.91 Cr | 4.7% | -15.0% | 77 | Ahmedabad, Gujarat, India |
| Ricoh Innovations Private Limited | ₹40.52 Cr (FY 2020) | 11.0% | Bangalore, Karnataka, India | |||
| Remiges Technologies Private Limited | ₹40.5 Cr (FY 2025) | 14.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of MSBC Solutions (India) Private Limited, buy the company report.
Auditor
MSBC Solutions (India) Private Limited is audited by S. K. Chalishazar & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. Chalishazar & Co. | FY 2021 | 112110W |
Shareholding
The shareholding of MSBC Solutions (India) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MSBC Solutions (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2019 | 100282885 | Others | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
MSBC Solutions (India) Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Pending |
To see the full case history of MSBC Solutions (India) Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for MSBC Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MSBC Solutions (India) Private Limited has a workforce of 77 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
77
Active EPFO establishments
1
Employee growth
22.22%
GST
MSBC Solutions (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI3272J1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MSBC Solutions (India) Private Limited, buy the company report.
Recent activity
MSBC Solutions (India) Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Shambai Manu Varsani ceased to be Director on 01 Nov 2017.
AGM
Msbc Solutions (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Msbc Solutions (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100282885 was registered on 30 Jul 2019.
Ceased
Shambai Manu Varsani ceased to be Director.
Ceased
Manu Murjibhai Varsani ceased to be Additional Director.
Appointed
Manu Murjibhai Varsani was appointed as Director.
Appointed
Kumar Manubhai Varsani was appointed as Director.
Incorporation
08 Feb 2005
Msbc Solutions (India) Private Limited was registered on 08 Feb 2005 with Roc Ahmedabad & aged 21 years 8 months as per MCA records.
Frequently asked questions
MSBC Solutions (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 February 2005 (21+ years old) and is registered under CIN U72900GJ2005PTC045437.
MSBC Solutions (India) has 2 current directors:
- Kumar Manubhai Varsani - Director
- Manu Murjibhai Varsani - Director
The latest financial statements of MSBC Solutions (India) 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 MSBC Solutions (India) is 24AABCI3272J1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of MSBC Solutions (India) is U72900GJ2005PTC045437. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MSBC Solutions (India) has 1 court case on record: 1 filed against it. 1 is pending.
MSBC Solutions (India) was incorporated on 08 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of MSBC Solutions (India) by revenue are Guavus Network Systems Private Limited, Prime Tech Solutions Private Limited, Ricoh Innovations Private Limited, Remiges Technologies Private Limited, all in the Outsourcing industry (Application Development, Diversified BPO, IT Consulting and Services), with the same principal business activity (other information & communication service activities).
Shambai Manu Varsani ceased to be Director on 01 Nov 2017. Manu Murjibhai Varsani ceased to be Additional Director on 30 Sep 2015. Manu Murjibhai Varsani was appointed as Director on 06 Jul 2015. MSBC Solutions (India) has 4 board changes on record in total.
Yes, MSBC Solutions (India) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0044310).
MSBC Solutions (India) can be reached through the website msbcgroup.com. Its registered office is in Ahmedabad, Gujarat, India.