About Msource (India) Private Limited
Data last updated:
Msource (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Msource Mauritius Inc. It operates in the business process outsourcing sector. It was incorporated on 10 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2000PTC038931. Its GSTIN is 29AACCM2097G1ZB (Karnataka). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹6.69 Cr. It is led by directors Ganesh Vembu and Ajit Kumar Gopala Krishna Kurup.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹177.98 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹61.97 Cr (net margin 34.8%) and EBITDA of ₹96.54 Cr (EBITDA margin 54.2%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 2% over five years.
The company has about 548 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mphasis.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBagmane World Technology Center Marathalli Ring Road Doddenekundi Village Mahadev, Apura, Bangalore, Karnataka, India – 560048
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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 Msource (India) Private Limited
The main business activity of Msource (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Msource (India) Private Limited FY 2025 filings available
Msource (India) Private Limited reported revenue of ₹177.98 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Msource (India) Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 3% fall in the latest year. EBITDA rose 4% 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 Msource (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 | ₹96.54 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹61.97 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 of Msource (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 34.8% | •••• | •••• | •••• | •••• |
| 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 Msource (India) 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.
Peer Comparison of Msource (India) Private Limited
Msource (India) Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nomura Structured Finance Services Private Limited | ₹183.73 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Essar UK Services Private Limited | ₹182.41 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Mumbai, Maharashtra, India |
| Acqueon Technologies Private Limited | ₹180.79 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Silverlink Technologies Private Limited | ₹179.27 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Verity Knowledge Solutions Private Limited | ₹178.6 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Msource (India) Private Limited this company | ₹177.98 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Netlink Software Private Limited | ₹177.15 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Mandideep, Madhya Pradesh, India |
| Hi-Tech Digital Solutions LLP | ₹173.99 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Ahmedabad, Gujarat, India |
| Teleperformance Business Services India Private Limited | ₹171.77 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Pearce Services Global Private Limited | ₹171.62 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Mohali, Punjab, India |
| Alshaya Outsourcing Company India Private Limited | ₹171.03 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Msource (India) by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Msource (India) Private Limited
Msource (India) Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. 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 Msource (India) Private Limited
Msource (India) has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Vembu | Director | 11 Sep 2019 | 7 Years 0 Months | Current |
| Ajit Kumar Gopala Krishna Kurup | Director | 12 Mar 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Msource (India) 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 Msource (India) Private Limited
Msource (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Msource (India) Private Limited
Msource (India) Private Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 6 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| In Know Tech Private Limited | •••• | •••• | •••• |
| Origami Cellulo Private Limited | •••• | •••• | •••• |
| Infosource Consulting Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Msource (India) Private Limited
Msource (India) Private Limited has a workforce of 548 employees as of Mar 22, 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.
CIN History of Msource (India) Private Limited
Msource (India) has one previous CIN (Corporate Identification Number): U72200KA2006PTC038931. The current CIN is U72200KA2000PTC038931, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2000PTC038931 | Current |
| U72200KA2006PTC038931 | Previous |
News related to Msource (India) Private Limited
Recent Activity on Msource (India) Private Limited
Msource (India) Private Limited has 19 board changes on record since 2007: 2 appointments and 17 cessations. The latest: Manish Dugar ceased to be Director on 16 Aug 2024.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Msource (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.
Subsidiaries & Group Companies of Msource (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 Msource (India) Private Limited
Msource (India) has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM2097G1ZB | Karnataka | Active | 01 Jul 2017 |
| 29AACCM2097G2ZA | Karnataka | Active | 01 Jul 2017 |
| 27AACCM2097G1ZF | Maharashtra | Active | 01 Jul 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 Msource (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 Msource (India) Private Limited
Msource (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 10 April 2000 (26+ years old) and is registered under CIN U72200KA2000PTC038931.
Msource (India) reported revenue of ₹177.98 Cr for FY 2025 (down 3% YoY).
Msource (India) has 2 current directors:
- Ganesh Vembu - Director
- Ajit Kumar Gopala Krishna Kurup - Director
Msource (India) reported a net profit of ₹61.97 Cr (net margin 34.8%) and EBITDA of ₹96.54 Cr (EBITDA margin 54.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Msource (India) is 6% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Msource (India) is 29AACCM2097G1ZB, registered in Karnataka. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 29AACCM2097G2ZA (Karnataka), 27AACCM2097G1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Msource (India) is U72200KA2000PTC038931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Msource (India) was incorporated on 10 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Msource (India) by revenue are Nomura Structured Finance Services Private Limited, Essar UK Services Private Limited, Acqueon Technologies Private Limited, Silverlink Technologies Private Limited, Verity Knowledge Solutions Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Manish Dugar ceased to be Director on 16 Aug 2024. Venkatasubramanian Suryanarayanan ceased to be Director on 24 Aug 2020. Ganesh Vembu was appointed as Director on 11 Sep 2019. Msource (India) has 19 board changes on record in total.
Msource (India) has 4 MSME Form 1 returns on record between 2019 and 2023, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 28 Aug 2023.
Msource (India) can be reached through the website mphasis.com. Its registered office is in Bangalore, Karnataka, India.