Mythinit Technology Private Limited

Mythinit Technology Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U72200KA2015PTC083949 Incorporated 06 November 2015 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company business outsourcing MSME · Small
Data last updated
Revenue · FY 2022
₹31.21 Lakh
▼ 95% YoY
Net loss · FY 2022
₹3.13 Lakh
Net margin -10%
EBITDA · FY 2022
₹4.36 Lakh
EBITDA margin 14%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
3
Provident fund records
Directors on board
4
As per MCA filings

About Mythinit Technology Private Limited

Data last updated:

Mythinit Technology Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 06 November 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC083949. Its GSTIN is 29AAKCM6247L1ZS (Karnataka).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shreema Bipin Shetty (Managing Director) and Chiranjeevi Hallegere Shivanna (Managing Director).

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 No2 Khb Road Kaval Byrasandra, Bangalore, Karnataka, India – 560032.

As per the financials filed for FY 2022, the company reported a revenue of ₹31.21 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹3.13 Lakh (net margin -10%) and EBITDA of ₹4.36 Lakh (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 28% over five years.

The company has about 3 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Mythinit Technology. Court records list 2 cases involving the company, including 2 filed against it.

Mythinit Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0080816). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mythinit.com.

Company details

CIN U72200KA2015PTC083949
Registration Number 083949
Incorporation Date 06 November 2015
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 Small
Udyam Registration UDYAM-KR-03-0080816
Key People
Shreema Bipin Shetty Managing Director Chiranjeevi Hallegere Shivanna Managing Director Narayan Krishnappa Director

Recognitions & Rankings of Mythinit Technology

MSME (Udyam registered) Ministry of MSME
Category
Small (2022-23)
Udyam number
UDYAM-KR-03-0080816

Contact details

Mythinit Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is mythinit.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mythinit.com
  • Registered Address
    No2 Khb Road Kaval Byrasandra, Bangalore, Karnataka, India – 560032
  • Industry
    Business Outsourcing, HR Outsourcing & Talent Management

To see the full contact details of Mythinit Technology Private Limited, buy the company report.

Comprehensive company report
Mythinit Technology 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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Brands

Mythinit Technology operates one associated brand: Mythinit Technology. Each brand links to its own profile.

BrandDescriptionWebsite
Mythinit Technology
Delivers comprehensive software development, ERP, and consulting services to businesses.mythinit.com

Business activity

The main business activity of Mythinit Technology is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Mythinit Technology Private Limited, buy the company report.

Financials of Mythinit Technology Private Limited

FY 2022 filings available

Mythinit Technology Private Limited reported revenue of ₹31.21 Lakh (down 95% YoY) for FY 2022.

Revenue · FY 2022
₹31.21 Lakh ▼ 95%
Net loss · FY 2022
₹3.13 Lakh margin -10%
EBITDA · FY 2022
₹4.36 Lakh margin 14%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 95%
3 years · compounded
▼ 48%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▼ 23%
5 years · compounded
▲ 252%

Revenue fell 95% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA fell 48% 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 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₹4.36 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹3.13 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin14%
Net Profit Margin-10%
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

To see the full financial statements and ratios of Mythinit Technology Private Limited, buy the company report.

Board of directors of Mythinit Technology Private Limited

Mythinit Technology has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Narayan Krishnappa
Also directs: Datasciii Solutions Private Limited
Director01 Feb 20197 Years 8 MonthsCurrent
Shreema Bipin ShettyManaging Director27 Jun 20188 Years 4 MonthsCurrent
Chiranjeevi Hallegere Shivanna
Also directs: Nutingham Trading Private Limited, Datasciii Solutions Private Limited
Managing Director31 May 20188 Years 5 MonthsCurrent
Arvind Gopalakrishna Ramaswamy
Also directs: Fly Deck Leisure LLP, Ekashrunga Hospitality Ventures LLP, Elyon Developers Private Limited and 5 more
Additional Director08 May 20206 Years 5 MonthsCurrent
View all directors

Auditor

Mythinit Technology Private Limited is audited by M VENKATESWARULU & CO for the financial year 2020.

Auditor firmFinancial yearFirm registration number
M VENKATESWARULU & COFY 2020010436S

Shareholding

The shareholding of Mythinit Technology Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2019FY 2018FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mythinit Technology Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mythinit Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Mythinit Technology Private Limited has a workforce of 3 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.

Employee count
3
Active EPFO establishments
1
Employee growth
-98.18%

GST

Mythinit Technology has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAKCM6247L1ZSKarnatakaActive14 Jun 2018

To see the full GST registrations and return filing status of Mythinit Technology Private Limited, buy the company report.

Recent activity

Mythinit Technology Private Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Arvind Gopalakrishna Ramaswamy was appointed as Additional Director on 08 May 2020.

AGM
Mythinit Technology Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Mythinit Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Arvind Gopalakrishna Ramaswamy was appointed as Additional Director.
Appointed
Narayan Krishnappa was appointed as Director.
Ceased
Shreema Bipin Shetty ceased to be Additional Director.
Ceased
Akshay Jayaramu ceased to be Director.
Appointed
Shreema Bipin Shetty was appointed as Managing Director.
Appointed
Chiranjeevi Hallegere Shivanna was appointed as Managing Director.
Ceased
Hallegere Shivanna Tejas ceased to be Director.
Ceased
Chiranjeevi Hallegere Shivanna ceased to be Director.
Incorporation
06 Nov 2015
Mythinit Technology Private Limited was registered on 06 Nov 2015 with Roc Bangalore & aged 10 years 11 months as per MCA records.

Frequently asked questions

Mythinit Technology is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 06 November 2015 (11+ years old) and is registered under CIN U72200KA2015PTC083949.

Mythinit Technology has 4 current directors:

The latest financial statements of Mythinit Technology on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Mythinit Technology is 29AAKCM6247L1ZS, registered in Karnataka.

The CIN (Corporate Identification Number) of Mythinit Technology is U72200KA2015PTC083949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mythinit Technology has 2 court cases on record: 2 filed against it.

Mythinit Technology was incorporated on 06 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Arvind Gopalakrishna Ramaswamy was appointed as Additional Director on 08 May 2020. Narayan Krishnappa was appointed as Director on 01 Feb 2019. Shreema Bipin Shetty ceased to be Additional Director on 01 Feb 2019. Mythinit Technology has 8 board changes on record in total.

Yes, Mythinit Technology is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0080816).

Mythinit Technology can be reached through the website mythinit.com. Its registered office is in Bangalore, Karnataka, India.