MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0044535
Mustang Software Private Limited
Mustang Software Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.98 Lakh
▲ 3465% YoY
Net loss · FY 2025
₹37.55 Lakh
Net margin -188%
EBITDA · FY 2025
-₹11.06 Lakh
EBITDA margin -55.4%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹5.83 Cr
Company age
35 yrs
Est. 1991
Directors on board
2
As per MCA filings
About Mustang Software Private Limited
Data last updated:
Mustang Software Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1991PTC063638. Its GSTIN is 27AACCM3854D2ZL (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Mustang Pharma & Packaging P Ltd and P P D Blowpack Private Limited. It is led by directors Varshaben Veral Patel and Viral Bhanji Patel.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.98 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹37.55 Lakh (net margin -188%) and EBITDA of -₹11.06 Lakh (EBITDA margin -55.4%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹5.83 Cr on record.
Mustang Software Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0044535). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24230MH1991PTC063638
Registration Number 063638
Incorporation Date 16 October 1991
ROC Mumbai
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 Micro
Udyam Registration UDYAM-MH-19-0044535
Name history
Mustang Software has undergone 2 name changes throughout its history. The company was previously known as Mustang Pharma & Packaging P Ltd, and P P D Blowpack Private Limited. The current legal name is Mustang Software Private Limited.
| Company Name | Status |
|---|---|
| Mustang Software Private Limited | Current |
| Mustang Pharma & Packaging P Ltd | Previous |
| P P D Blowpack Private Limited | Previous |
Recognitions & Rankings of Mustang Software
Contact details
Mustang Software Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGround Floor Plot N. 58 Reshamwala Building Cawasji Patel Tank Road Gulalwadi Girg, Aon, Mumbai, Maharashtra, India – 400004
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Mustang Software Private Limited, buy the company report.
Comprehensive company report
Mustang Software 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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Secure checkout · GST invoice included
Financials of Mustang Software Private Limited
FY 2025 filings availableMustang Software Private Limited reported revenue of ₹19.98 Lakh (up 3465% YoY) for FY 2025.
Revenue · FY 2025
₹19.98 Lakh ▲ 3465%
Net loss · FY 2025
₹37.55 Lakh margin -188%
EBITDA · FY 2025
-₹11.06 Lakh margin -55.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 78%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▲ 71%
3 years · compounded
▲ 33%
5 years · compounded
▲ 21%
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years. EBITDA rose 71% 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 | -₹11.06 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹37.55 Lakh | ||||
| 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 | -55.4% | ||||
| Net Profit Margin | -188% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mustang Software Private Limited, buy the company report.
Board of directors of Mustang Software Private Limited
Mustang Software has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varshaben Veral Patel | Additional Director | 28 Jan 2026 | 0 Years 8 Months | Current |
| Viral Bhanji Patel | Additional Director | 29 Dec 2025 | 0 Years 9 Months | Current |
Auditor
Mustang Software Private Limited is audited by J Gupta & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J Gupta & CO LLP | FY 2023 | 314010E/E300029 |
Shareholding
The shareholding of Mustang Software Private 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mustang Software Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹5.83 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2025 | 101226223 | Others | ₹20 Cr | Open | |
| 27 Oct 2020 | 100395161 | Axis Bank Limited | ₹1.58 Cr | Satisfied | |
| 30 May 2019 | 100370080 | Axis Bank Limited | ₹4.25 Cr | Satisfied |
To see the full charge records of Mustang Software Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Mustang Software Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mustang Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mustang Software has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM3854D2ZL | Maharashtra | Active | 04 Apr 2019 |
To see the full GST registrations and return filing status of Mustang Software Private Limited, buy the company report.
Recent activity
Mustang Software Private Limited has 13 board changes on record since 2008: 4 appointments and 9 cessations. The latest: Varshaben Veral Patel was appointed as Additional Director on 28 Jan 2026.
Appointed
Varshaben Veral Patel was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101226223 was registered on 31 Dec 2025.
Appointed
Viral Bhanji Patel was appointed as Additional Director.
AGM
Mustang Software Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mustang Software Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 30 May 2019 via Charge ID 100370080 with Axis Bank Limited was fully satisfied on 26 Sep 2024.
Ceased
Krishna Prahlad Deora ceased to be Director.
Charges
A charge registered on 27 Oct 2020 via Charge ID 100395161 with Axis Bank Limited was fully satisfied on 22 Dec 2021.
Ceased
Anand Muddu Shetty ceased to be Director.
Ceased
Girija Gaurav Goenka ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.58 Cr with Charge ID 100395161 was registered on 27 Oct 2020.
Ceased
Lalit Kumar Gupta ceased to be Additional Director.
9 earlier events are in the company report.
Frequently asked questions
Mustang Software 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 16 October 1991 (35+ years old) and is registered under CIN U24230MH1991PTC063638.
Mustang Software has 2 current directors:
- Varshaben Veral Patel - Additional Director
- Viral Bhanji Patel - Additional Director
The latest financial statements of Mustang Software 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 Mustang Software is 27AACCM3854D2ZL, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mustang Software is U24230MH1991PTC063638. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mustang Software was incorporated on 16 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Varshaben Veral Patel was appointed as Additional Director on 28 Jan 2026. Viral Bhanji Patel was appointed as Additional Director on 29 Dec 2025. Krishna Prahlad Deora ceased to be Director on 21 Mar 2022. Mustang Software has 13 board changes on record in total.
Yes, Mustang Software is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0044535).
The registered office of Mustang Software is at Ground Floor Plot N. 58 Reshamwala Building Cawasji Patel Tank Road Gulalwadi Girg, Aon, Mumbai, Maharashtra, India – 400004.
Mustang Software operates in the information technology industry, in the IT consulting and support services segment.