About Mustek Technologies Private Limited
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Mustek Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Posiflex Technology (India) Private Limited. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 06 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51109KA2015PTC079152. Its GSTIN is 29AAJCM6403D1ZK (Karnataka). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.22 Lakh. It was formerly known as Mustek Automation Private Limited. It is led by directors including Dinesh Rao Ullal and Baskara Moorthy Duraiswamy Pee.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.17 Cr (net margin 1.4%) and EBITDA of ₹1.53 Cr (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 405% over five years.
As per MCA filings, the company has open charges of ₹16 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mustekindia.com.
Company details
Contact details
Mustek Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is mustekindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.35/B Doddanekundi Industrial Area, Behind Ifb Automotive Mahadevapura Post, Bangalore, Karnataka, India – 560048
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Mustek Technologies Private Limited, buy the company report.
- 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
Business activity
The main business activity of Mustek Technologies is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles |
To see the full business activity and turnover split of Mustek Technologies Private Limited, buy the company report.
Financials of Mustek Technologies Private Limited
FY 2024 filings availableMustek Technologies Private Limited reported revenue of ₹84.28 Cr (up 2113% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 405% over five years. 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 | ₹1.53 Cr | ||||
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| Net Profit (PAT) | ₹1.17 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Mustek Technologies Private Limited, buy the company report.
Board of directors of Mustek Technologies Private Limited
Mustek Technologies has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Rao Ullal | Director | 06 Mar 2015 | 11 Years 7 Months | Current |
| Baskara Moorthy Duraiswamy Pee | Director | 06 Mar 2015 | 11 Years 7 Months | Current |
| Kuo Yu Wen Also directs: Posiflex Technology (India) Private Limited | Additional Director | 04 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Mustek Technologies Private Limited is audited by ADARSH RAO B for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADARSH RAO B | FY 2023 | 205955 |
Shareholding
The shareholding of Mustek Technologies 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 Mustek Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2024 | 100904129 | Citi Bank N.A. | ₹16 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Mustek Technologies Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Commercial suit | Filed against the company by M/S SD Barcode Solution Private Limited | Pending |
| District court, East, Delhi | Civil suit | Filed against the company by M/S SD Barcode Solution Private Limited | Disposed |
To see the full case history of Mustek Technologies Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mustek Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mustek Technologies has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCM6403D1ZK | Karnataka | Active | 01 Jul 2017 |
| 36AAJCM6403D1ZP | Telangana | Active | 21 May 2024 |
| 07AAJCM6403D1ZQ | Delhi | Active | 03 Sep 2024 |
| 27AAJCM6403D1ZO | Maharashtra | Active | 04 Sep 2024 |
To see the full GST registrations and return filing status of Mustek Technologies Private Limited, buy the company report.
Recent activity
Mustek Technologies Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Kuo Yu Wen was appointed as Additional Director on 04 Sep 2024.
Frequently asked questions
Mustek Technologies 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 06 March 2015 (11+ years old) and is registered under CIN U51109KA2015PTC079152.
Mustek Technologies has 3 current directors:
- Dinesh Rao Ullal - Director
- Baskara Moorthy Duraiswamy Pee - Director
- Kuo Yu Wen - Additional Director
The latest financial statements of Mustek Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mustek Technologies is 29AAJCM6403D1ZK, registered in Karnataka. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 36AAJCM6403D1ZP (Telangana), 07AAJCM6403D1ZQ (Delhi), 27AAJCM6403D1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Mustek Technologies is U51109KA2015PTC079152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mustek Technologies has 2 court cases on record: 2 filed against it. 1 is pending.
Mustek Technologies was incorporated on 06 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Kuo Yu Wen was appointed as Additional Director on 04 Sep 2024. Baskara Moorthy Duraiswamy Pee was appointed as Director on 06 Mar 2015. Dinesh Rao Ullal was appointed as Director on 06 Mar 2015.
Mustek Technologies can be reached through the website mustekindia.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mustek Technologies is at No.35B Doddanekundi Industrial Area, Behind Ifb Automotive Mahadevapura Post, Bangalore, Karnataka, India – 560048.
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