About Mustaro Technoserve Private Limited
Data last updated:
Mustaro Technoserve Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the service apartments and long-stay rentals segment of the travel and hospitality sector. It was incorporated on 03 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50404MH2017PTC300370. Its GSTIN is 27AALCM3671R1ZL (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.15 Lakh. It is led by directors including Nasreen Abrar Shaikh (Whole-Time Director) and Kashif Shaikh.
Its last annual general meeting (AGM) was held on 27 October 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 ₹4.53 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹1.93 Cr (net margin -42.7%) and EBITDA of -₹1.08 Cr (EBITDA margin -23.8%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 9% over five years.
The company is associated with 1 brand: BIZ Nest. As per MCA filings, the company has open charges of ₹51.53 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website biznest.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. B1 – 401 Kanakia Boomerang Chandivali Road Yadav Nagar Chandivali, Powai, Mumbai, Maharashtra, India – 400072
- IndustryTravel and Hospitality, Service Apartments & Long-Stay Rentals
- 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 Mustaro Technoserve Private Limited
The main business activity of Mustaro Technoserve is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Mustaro Technoserve Private Limited FY 2025 filings available
Mustaro Technoserve Private Limited reported revenue of ₹4.53 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mustaro Technoserve Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 1% growth in the latest year. EBITDA fell 3% 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 Mustaro Technoserve 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 | -₹1.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.93 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 Mustaro Technoserve Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -42.7% | •••• | •••• | •••• | •••• |
| 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 Mustaro Technoserve are in the company report.
Financial statements from FY 2018
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 Mustaro Technoserve Private Limited
Mustaro Technoserve Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Real Estate Leasing, Service Apartments). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S.K. Adhesives Private Limited | ₹4.54 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Belgaum, Karnataka, India |
| Western Ware Housing Pvt Ltd | ₹4.54 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Boom Works Communications India Private Limited | ₹4.53 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Regus Managed Client India 01 Private Limited | ₹4.53 Cr (FY 2025) | •••• | •••• | 148.0% | •••• | Mumbai, Maharashtra, India |
| Prasad Technology Park Private Limited | ₹4.53 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Bangalore, Karnataka, India |
| Mustaro Technoserve Private Limited this company | ₹4.53 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Vaishali Plastics Private Limited | ₹4.52 Cr (FY 2024) | •••• | •••• | 77.0% | •••• | Mumbai, Maharashtra, India |
| Swabhumi Construction & Estate Developers Private Limited | ₹4.52 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Agurudas Agro Private Limited | ₹4.52 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Puhari Motors Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Duliajan, Assam, India |
| Baba Narsingh Das Buildcon Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 140.0% | •••• | Neemrana, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Mustaro Technoserve by revenue in the Consumer Services industry (Real Estate Leasing, Service Apartments), 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 Mustaro Technoserve Private Limited
Mustaro Technoserve Private Limited is audited by Madhur Agarwal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Madhur Agarwal & Associates | 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 Mustaro Technoserve Private Limited
Mustaro Technoserve has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nasreen Abrar Shaikh Also directs: Squeakee Media Private Limited | Whole-Time Director | 13 Feb 2018 | 8 Years 7 Months | Current |
| Kashif Shaikh | Director | 07 Dec 2019 | 6 Years 10 Months | Current |
| Abrar Ahmed Mateen Ahmed Shaikh Also directs: Squeakee Media Private Limited, Dempo Biz Nest LLP, Dairypreneurs Dairy Farm Private Limited and 1 more | Director | 20 Feb 2019 | 7 Years 7 Months | Current |
Ownership and Shareholding of Mustaro Technoserve 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 Mustaro Technoserve Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2025 | Others | ₹35 Lakh | Open |
| 06 Jun 2024 | Hdfc Bank Limited | ₹16.53 Lakh | Open |
Total charge records: 2 View all charges
MSME Payment Delays by Mustaro Technoserve Private Limited
Mustaro Technoserve Private Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 17 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 (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Hicare Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Master Craft | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 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.
Associated Brands with Mustaro Technoserve Private Limited
Mustaro Technoserve operates one associated brand: BIZ Nest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive solutions for travel agency services. | biznest.co.in |
Employees and EPFO Compliance at Mustaro Technoserve Private Limited
Mustaro Technoserve Private Limited has a workforce of 0 employees as of May 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.
Recent Activity on Mustaro Technoserve Private Limited
Mustaro Technoserve Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Kashif Shaikh ceased to be Additional Director on 07 Dec 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mustaro Technoserve 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 Mustaro Technoserve 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 Mustaro Technoserve Private Limited
Mustaro Technoserve has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM3671R1ZL | Maharashtra | Active | 25 Jul 2018 |
| 30AALCM3671R1ZY | Goa | Active | 24 Mar 2021 |
| 30AALCM3671R2ZX | Goa | Active | 13 Dec 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 Mustaro Technoserve 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 Mustaro Technoserve Private Limited
Mustaro Technoserve is an active private limited company based in Mumbai, Maharashtra, India. The company works in service apartments and long-stay rentals, within the travel and hospitality industry. It was incorporated on 03 October 2017 (9+ years old) and is registered under CIN U50404MH2017PTC300370.
Mustaro Technoserve reported revenue of ₹4.53 Cr for FY 2025 (up 1% YoY).
Mustaro Technoserve has 3 current directors:
- Nasreen Abrar Shaikh - Whole-Time Director
- Kashif Shaikh - Director
- Abrar Ahmed Mateen Ahmed Shaikh - Director
Mustaro Technoserve reported a net loss of ₹1.93 Cr (net margin -42.7%) and EBITDA of -₹1.08 Cr (EBITDA margin -23.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mustaro Technoserve is 22% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mustaro Technoserve is 27AALCM3671R1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 30AALCM3671R1ZY (Goa), 30AALCM3671R2ZX (Goa).
The CIN (Corporate Identification Number) of Mustaro Technoserve is U50404MH2017PTC300370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mustaro Technoserve was incorporated on 03 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mustaro Technoserve by revenue are S.K. Adhesives Private Limited, Western Ware Housing Pvt Ltd, Boom Works Communications India Private Limited, Regus Managed Client India 01 Private Limited, Prasad Technology Park Private Limited and 5 more, all in the Consumer Services industry (Real Estate Leasing, Service Apartments).
Kashif Shaikh ceased to be Additional Director on 07 Dec 2020. Naaz Parveen ceased to be Director on 07 Oct 2020. Kashif Shaikh was appointed as Director on 07 Dec 2019. Mustaro Technoserve has 8 board changes on record in total.
Yes, Mustaro Technoserve is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Mustaro Technoserve has 5 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 17 micro and small suppliers. The latest return was filed on 06 Sep 2023.