About Msci Services Private Limited
Data last updated:
Msci Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Msci India Holdings No. 2 Sarl. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2004PTC145304. Its GSTIN is 27AADCM8594K1ZR (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹15 Lakh. It was formerly known as Morgan Stanley Capital International Services Private Limited. It is led by directors including Daisy Jimmy Bandrawala and Emmanuel Yip.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 12th Floor It Building No. 3 Nesco IT Park Nesco Complex Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,251.16 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹164.68 Cr (net margin 13.2%) and EBITDA of ₹262.31 Cr (EBITDA margin 21%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 22% over five years.
The company has about 1,902 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MSCI. As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 secondary share transfer); the latest was in July 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msci.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address12th Floor It Building No. 3 Nesco IT Park Nesco Complex Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, 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 Msci Services Private Limited
The main business activity of Msci Services is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Msci Services Private Limited FY 2025 filings available
Msci Services Private Limited reported revenue of ₹1,251.16 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Msci Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 25% growth in the latest year. EBITDA rose 41% 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 Msci Services 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹262.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹164.68 Cr | •••• | •••• | •••• | •••• |
| 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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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Msci Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Msci 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.
Auditor Details of Msci Services Private Limited
Msci Services Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | 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 Msci Services Private Limited
Msci Services has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daisy Jimmy Bandrawala Also directs: Msci Esg Ratings and Research Private Limited | Director | 27 Jul 2017 | 9 Years 2 Months | Current |
| Emmanuel Yip | Director | 20 Jun 2011 | 15 Years 3 Months | Current |
| Hans Jozef Brasseler | Director | 20 Jun 2011 | 15 Years 3 Months | Current |
| Dhaval Bharatkumar Vasavada Also directs: Msci Esg Ratings and Research Private Limited | Director | 18 May 2020 | 6 Years 4 Months | Current |
Ownership and Shareholding of Msci 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 Msci Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Aug 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Msci Services Private Limited
Msci Services Private Limited has 1 deal on record (1 secondary share transfer); the latest was in July 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Secondary share transfer | Buyer: MSCI India Holdings No. 1 Sarl, MSCI India Holdings No. 2 Sarl Seller: MSCI Barra(Suisse) Sarl, MSCI Inc |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Msci Services Private Limited
Msci Services Private Limited has 1 court case on record: 1 filed by Msci Services. All case is disposed. Status as checked on 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India | Disposed |
Full case history
All 1 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.
Competitors & Alternatives of Msci Services Private Limited
Brands and companies operating in the same space as Msci Services Private Limited include Morningstar, IHS Markit, CME Group and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Morningstar | Financial data and investment advisory tools are offered online. | Chicago, United States | 1984 |
 IHS Markit | Online data source platform for information, analytics, and solutions for governments and financial markets | London, United Kingdom | 1959 |
 CME Group | Online trading and financial data exchange marketplace for capital assets | Chicago, United States | 1848 |
 Bloomberg | Provider of financial data to enterprises | New York, United States | 1981 |
 S&P Global | Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States | 1917 |
 Intercontinental Exchange | Private and financial market data analytics solutions are provided. | Atlanta, United States | 1999 |
 YipitData | Web data on public companies is analyzed for institutional investors. | New York, United States | 2010 |
 Dow Jones | Financial market data and analytics are provided online. | New York, United States | 1882 |
 Uzabase | App-based database for industry and public company data is maintained. | Minato City, Japan | 2008 |
 SGX | Operates a digital hub for securities and derivatives exchange data. | Singapore | 1999 |
Employees and EPFO Compliance at Msci Services Private Limited
Msci Services Private Limited has a workforce of 1,902 employees as of Apr 04, 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.
News related to Msci Services Private Limited
Recent Activity on Msci Services Private Limited
Credit Ratings, Litigation & Regulatory Alerts for Msci 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 Msci 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 Msci 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 Msci Services Private Limited
Msci Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM8594K1ZR | Maharashtra | Active | 01 Jul 2017 |
| 33AADCM8594K1ZY | Tamil Nadu | Active | 10 Aug 2022 |
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 Msci 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 Msci Services Private Limited
Msci Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 March 2004 (22+ years old) and is registered under CIN U72900MH2004PTC145304.
Msci Services reported revenue of ₹1,251.16 Cr for FY 2025 (up 25% YoY).
Msci Services has 4 current directors:
- Daisy Jimmy Bandrawala - Director
- Emmanuel Yip - Director
- Hans Jozef Brasseler - Director
- Dhaval Bharatkumar Vasavada - Director
Msci Services reported a net profit of ₹164.68 Cr (net margin 13.2%) and EBITDA of ₹262.31 Cr (EBITDA margin 21%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Msci Services is 24% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Msci Services is 27AADCM8594K1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADCM8594K1ZY (Tamil Nadu).
The CIN (Corporate Identification Number) of Msci Services is U72900MH2004PTC145304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Msci Services has 1 court case on record: 1 filed by the company.
Msci Services was incorporated on 24 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.