MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0067704
Msquare Innotech Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹2.58 Cr
▼ 7% YoY
Net loss · FY 2022
₹13.5 Lakh
Net margin -5.2%
EBITDA · FY 2022
-₹7.27 Lakh
EBITDA margin -2.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹15 Lakh
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
3
Provident fund records
About Msquare Innotech Solutions Private Limited
Data last updated:
Msquare Innotech Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 29 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72909KA2010PTC053028. Its GSTIN is 29AAGCM4387D1Z8 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Maruti Gawadi and Sweta Khetan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No. 17 12th Main I Block Rajaji Nagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.58 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹13.5 Lakh (net margin -5.2%) and EBITDA of -₹7.27 Lakh (EBITDA margin -2.8%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 15% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
Msquare Innotech Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0067704). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msquareis.com.
Company Details of Msquare Innotech Solutions Private Limited
CIN U72909KA2010PTC053028
Registration Number 053028
Incorporation Date 29 March 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0067704
Key People
Maruti Gawadi Director Sweta Khetan Director Recognitions & Rankings of Msquare Innotech Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 17 12th Main I Block Rajaji Nagar, Bangalore, Karnataka, India – 560010
- IndustryInformation Technology, IT Products Retail & Distribution
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Business Activity of Msquare Innotech Solutions Private Limited
The main business activity of Msquare Innotech Solutions 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Msquare Innotech Solutions Private Limited FY 2022 filings available
Msquare Innotech Solutions Private Limited reported revenue of ₹2.58 Cr (down 7% YoY) for FY 2022.
Revenue · FY 2022
₹2.58 Cr ▼ 7%
Net loss · FY 2022
₹13.5 Lakh margin -5.2%
EBITDA · FY 2022
-₹7.27 Lakh margin -2.8%
Compounded Annual Growth Rate (CAGR) of Msquare Innotech Solutions Private Limited
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 36%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▲ 33%
3 years · compounded
▼ 33%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 7% fall in the latest year. 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 of Msquare Innotech Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | -₹7.27 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.5 Lakh | •••• | •••• | •••• | •••• |
| 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 Msquare Innotech Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.2% | •••• | •••• | •••• | •••• |
| 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 Msquare Innotech Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maruti Gawadi Also directs: Vioav Systems (I) Private Limited, Ramon Capital Private Limited | Director | 29 Mar 2010 | 16 Years 6 Months | Current |
| Sweta Khetan Also directs: Ramon Capital Private Limited | Director | 29 Mar 2010 | 16 Years 6 Months | Current |
Peer Comparison of Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunflower Synergies Private Limited | ₹2.59 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Kolkata, West Bengal, India |
| Elmt Labs Private Limited | ₹2.59 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| VBR Technologies Private Limited | ₹2.59 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Bangalore, Karnataka, India |
| Lisva Proacoustics Private Limited | ₹2.58 Cr (FY 2022) | •••• | •••• | 35.0% | •••• | Jubilee Hills, Hyderabad, Telangana, India |
| Nucom Infotech Pvt Ltd | ₹2.58 Cr (FY 2022) | •••• | •••• | 131.0% | •••• | Raniganj, West Bengal, India |
| Msquare Innotech Solutions Private Limited this company | ₹2.58 Cr (FY 2022) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Techgeo Tradserv Private Limited | ₹2.57 Cr (FY 2017) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Vajra Telecom Private Limited | ₹2.57 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Alamiko Solutions Private Limited | ₹2.57 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Mumbai, Maharashtra, India |
| Onbv Services India Private Limited | ₹2.57 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Gurgaon, Haryana, India |
| Space Link Systems Private Limited | ₹2.57 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Msquare Innotech Solutions by revenue in the Information Technology industry (IT Products Retail and Distribution), 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 Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions Private Limited is audited by PRABHATH P BHAT & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRABHATH P BHAT & CO | Locked | Locked | Locked |
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Ownership and Shareholding of Msquare Innotech Solutions Private Limited
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Charges & Borrowings of Msquare Innotech Solutions Private Limited
Open charges
₹15 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Oct 2013 | Uco Bank | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Standard Chartered Bank | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions Private Limited has a workforce of 3 employees as of Apr 02, 2024.
Employee count
3
Active EPFO establishments
1
Employee growth
-40%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Maruti Gawadi was appointed as Director on 29 Mar 2010.
AGM
Msquare Innotech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Msquare Innotech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Charges
A charge with Uco Bank amounted to Rs. 15.00 Lakh with Charge ID 10463385 was registered on 07 Oct 2013.
Appointed
Maruti Gawadi was appointed as Director.
Appointed
Sweta Khetan was appointed as Director.
Incorporation
29 Mar 2010
Msquare Innotech Solutions Private Limited was registered on 29 Mar 2010 with Roc Bangalore & aged 16 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Msquare Innotech Solutions Private Limited
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MSME Payment Delays by Msquare Innotech Solutions Private Limited
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Subsidiaries & Group Companies of Msquare Innotech Solutions Private Limited
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GST Compliance of Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCM4387D1Z8 | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Msquare Innotech Solutions Private Limited
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Frequently Asked Questions about Msquare Innotech Solutions Private Limited
Msquare Innotech Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 29 March 2010 (16+ years old) and is registered under CIN U72909KA2010PTC053028.
Msquare Innotech Solutions reported revenue of ₹2.58 Cr for FY 2022 (down 7% YoY).
Msquare Innotech Solutions has 2 current directors:
- Maruti Gawadi - Director
- Sweta Khetan - Director
Msquare Innotech Solutions reported a net loss of ₹13.5 Lakh (net margin -5.2%) and EBITDA of -₹7.27 Lakh (EBITDA margin -2.8%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Msquare Innotech Solutions is -36% over three years and -15% over five years. In the latest year (FY 2022) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Msquare Innotech Solutions is 29AAGCM4387D1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Msquare Innotech Solutions is U72909KA2010PTC053028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Msquare Innotech Solutions has 1 court case on record: 1 filed against it.
Msquare Innotech Solutions was incorporated on 29 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Msquare Innotech Solutions by revenue are Sunflower Synergies Private Limited, Elmt Labs Private Limited, VBR Technologies Private Limited, Lisva Proacoustics Private Limited, Nucom Infotech Pvt Ltd and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Maruti Gawadi was appointed as Director on 29 Mar 2010. Sweta Khetan was appointed as Director on 29 Mar 2010.