About M.Visvesvaraya Industrial Research and Development Centre
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M.Visvesvaraya Industrial Research and Development Centre is a public not for profit company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 26 June 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH1970NPL014686. Its GSTIN is 27AABCM0996K1Z3 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
It is led by directors including Vijay Goverdhandas Kalantri and Aditya Ishwardas Rasiwasia.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Cuffe Parade Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2025, the company reported a revenue of ₹73 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹12.02 Cr (net margin 16.5%) and EBITDA of ₹16.67 Cr (EBITDA margin 22.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36 Lakh on record. Court records list 17 cases involving the company, including 5 filed by the company and 12 filed against it; 2 cases are 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 wtcmumbai.org.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressCuffe Parade Colaba, Mumbai, Maharashtra, India – 400005
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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 M.Visvesvaraya Industrial Research and Development Centre
The main business activity of M.Visvesvaraya Industrial Research and Development Centre is professional, scientific and technical. In detail, this covers scientific research and development.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development | 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 M.Visvesvaraya Industrial Research and Development Centre FY 2025 filings available
M.Visvesvaraya Industrial Research and Development Centre reported revenue of ₹73 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of M.Visvesvaraya Industrial Research and Development Centre
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 6% growth in the latest year. EBITDA rose 335% 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 M.Visvesvaraya Industrial Research and Development Centre
| 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹16.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.02 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of M.Visvesvaraya Industrial Research and Development Centre
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 16.5% | •••• | •••• | •••• | •••• |
| 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 M.Visvesvaraya Industrial Research and Development Centre 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.
Auditor Details of M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre is audited by SHAILESH HARIBHAKTI & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAILESH HARIBHAKTI & 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 M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre has 13 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Goverdhandas Kalantri | Director | 25 Sep 2007 | 19 Years 0 Months | Current |
| Aditya Ishwardas Rasiwasia Also directs: Chandri Wax Specialities Private Limited | Director | 11 Sep 2018 | 8 Years 0 Months | Current |
| Rajinderkumar Uttamchand Miglani Also directs: Uttam Galva Ferous Limited | Director | 27 Aug 2008 | 18 Years 1 Months | Current |
| Amit Vishnu Sarda Also directs: PT Invent India Private Limited | Director | 21 Sep 2022 | 4 Years 0 Months | Current |
| Ravinder Kumar Manchanda | Director | 24 May 2008 | 18 Years 4 Months | Current |
| Rameshkumar Gulati | Director | 22 Sep 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of M.Visvesvaraya Industrial Research and Development Centre
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 M.Visvesvaraya Industrial Research and Development Centre
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Nov 1976 | State Bank of India | ₹36 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre has 17 court cases on record: 5 filed by M.Visvesvaraya Industrial Research and Development Centre, 12 filed against it. 2 cases are pending and 15 are disposed. Status as checked between 29 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 11 | 2 |
| District courts | 3 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TER) | Filed by the company against Raymond Limited | Disposed |
| Bombay High Court | Appeal | Filed by the company against Best Investments Private Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against Best Investments Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Hookmeup Entertainment Private Limited | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by Makers Development Services Private Limited | Disposed |
Full case history
All 17 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre has a workforce of 50 employees as of Mar 29, 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 M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre has one previous CIN (Corporate Identification Number): U73100MH1970PTC014686. The current CIN is U73100MH1970NPL014686, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100MH1970NPL014686 | Current |
| U73100MH1970PTC014686 | Previous |
Recent Activity on M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre has 28 board changes on record since 2006: 14 appointments and 14 cessations. The latest: Amit Vishnu Sarda was appointed as Director on 21 Sep 2022.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for M.Visvesvaraya Industrial Research and Development Centre
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.
MSME Payment Delays by M.Visvesvaraya Industrial Research and Development Centre
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of M.Visvesvaraya Industrial Research and Development Centre
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 M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM0996K1Z3 | 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 M.Visvesvaraya Industrial Research and Development Centre
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 M.Visvesvaraya Industrial Research and Development Centre
M.Visvesvaraya Industrial Research and Development Centre is an active public not for profit company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 26 June 1970 (56+ years old) and is registered under CIN U73100MH1970NPL014686.
M.Visvesvaraya Industrial Research and Development Centre reported revenue of ₹73 Cr for FY 2025 (up 6% YoY).
M.Visvesvaraya Industrial Research and Development Centre has 13 current directors:
- Vijay Goverdhandas Kalantri - Director
- Aditya Ishwardas Rasiwasia - Director
- Rajinderkumar Uttamchand Miglani - Director
- Amit Vishnu Sarda - Director
- Ravinder Kumar Manchanda - Director
- Rameshkumar Gulati - Director
- Sharad Pandurang Upasani - Director
- Parag Chandulal Mehta - Director
- Arun Prabhudas Meghani - Director
- Avishek Vinod Modi - Director
- Ajaykant Ramprasad Ruia - Director
- Rajesh Damani - Director
- Somesh Chander Batra - Director
M.Visvesvaraya Industrial Research and Development Centre reported a net profit of ₹12.02 Cr (net margin 16.5%) and EBITDA of ₹16.67 Cr (EBITDA margin 22.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of M.Visvesvaraya Industrial Research and Development Centre is 5% over three years and 3% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of M.Visvesvaraya Industrial Research and Development Centre is 27AABCM0996K1Z3, 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 M.Visvesvaraya Industrial Research and Development Centre is U73100MH1970NPL014686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M.Visvesvaraya Industrial Research and Development Centre has 17 court cases on record: 5 filed by the company and 12 filed against it. 2 are pending. Most are in the high courts.
M.Visvesvaraya Industrial Research and Development Centre was incorporated on 26 June 1970, making it 56+ years old. It is registered with the Registrar of Companies, Mumbai.
Amit Vishnu Sarda was appointed as Director on 21 Sep 2022. Avishek Vinod Modi was appointed as Director on 21 Sep 2022. Premratan Bhairuratan Damani ceased to be Director on 21 Sep 2022. M.Visvesvaraya Industrial Research and Development Centre has 28 board changes on record in total.