MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0102492
Starminds Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹84.36 Lakh
▼ 28% YoY
Net profit · FY 2024
₹2.74 Lakh
Net margin 3.2%
EBITDA · FY 2024
₹5.78 Lakh
EBITDA margin 6.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹55 Lakh
Satisfied ₹1.38 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
4
Provident fund records
About Starminds Solutions Private Limited
Data last updated:
Starminds Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2000PTC026899. Its GSTIN is 29AAFCS3836A1ZH (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Hadnoor Ramakrishna Murthy Dinesh (Whole-Time Director) and Suma Nagraj Gowda.
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 No. 635 1st A Cross 7th Block 2nd Phase 3rd Stage Banashankari, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2024, the company reported a revenue of ₹84.36 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Lakh (net margin 3.2%) and EBITDA of ₹5.78 Lakh (EBITDA margin 6.9%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 26% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹55 Lakh and satisfied charges of ₹1.38 Cr on record.
Starminds Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0102492). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starminds.net.
Company details
CIN U72900KA2000PTC026899
Registration Number 026899
Incorporation Date 10 April 2000
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0102492
Recognitions & Rankings of Starminds Solutions
Contact details
Starminds Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is starminds.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 635 1st A Cross 7th Block 2nd Phase 3rd Stage Banashankari, Bangalore, Karnataka, India – 560085
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Starminds Solutions Private Limited, buy the company report.
Comprehensive company report
Starminds Solutions 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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Business activity
The main business activity of Starminds Solutions is manufacturing. In detail, this covers manufacture of computer, electronic and optical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 26 | Manufacture of computer, electronic and optical products |
To see the full business activity and turnover split of Starminds Solutions Private Limited, buy the company report.
Financials of Starminds Solutions Private Limited
FY 2024 filings availableStarminds Solutions Private Limited reported revenue of ₹84.36 Lakh (down 28% YoY) for FY 2024.
Revenue · FY 2024
₹84.36 Lakh ▼ 28%
Net profit · FY 2024
₹2.74 Lakh margin 3.2%
EBITDA · FY 2024
₹5.78 Lakh margin 6.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▲ 1%
5 years · compounded
▼ 26%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 35%
5 years · compounded
▼ 28%
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 28% fall in the latest year. EBITDA fell 46% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.78 Lakh | ||||
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| Net Profit (PAT) | ₹2.74 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | 3.2% | ||||
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To see the full financial statements and ratios of Starminds Solutions Private Limited, buy the company report.
Board of directors of Starminds Solutions Private Limited
Starminds Solutions has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suma Nagraj Gowda | Director | 20 Apr 2023 | 3 Years 6 Months | Current |
| Hadnoor Ramakrishna Murthy Dinesh Also directs: Starmaze Technosys Private Limited | Whole-Time Director | 23 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Starminds Solutions Private Limited is audited by D K Bayya Reddy for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D K Bayya Reddy | FY 2023 | 219256 |
Shareholding
The shareholding of Starminds Solutions 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 Starminds Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹55 Lakh
Satisfied charges
₹1.38 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2020 | 100431727 | State Bank of India | ₹55 Lakh | Open | |
| 05 Oct 2018 | 100221858 | State Bank of India | ₹78 Lakh | Satisfied | |
| 10 Nov 2017 | 100143509 | Hdfc Bank Limited | ₹60 Lakh | Satisfied |
To see the full charge records of Starminds Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Starminds Solutions 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 Starminds Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Starminds Solutions Private Limited has a workforce of 4 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
GST
Starminds Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCS3836A1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Starminds Solutions Private Limited, buy the company report.
Recent activity
Starminds Solutions Private Limited has 13 board changes on record since 2008: 2 appointments and 11 cessations. The latest: Srinivas Kesanapalli ceased to be Whole-Time Director on 30 Sep 2023.
AGM
Starminds Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Starminds Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Srinivas Kesanapalli ceased to be Whole-Time Director.
Ceased
Veera Venkata Satya Anantha Koripella ceased to be Whole-Time Director.
Ceased
Suma Nagraj Gowda ceased to be Additional Director.
Appointed
Suma Nagraj Gowda was appointed as Director.
Appointed
Hadnoor Ramakrishna Murthy Dinesh was appointed as Whole-Time Director.
Charges
A charge with State Bank Of India amounted to Rs. 55.00 Lakh with Charge ID 100431727 was registered on 26 Nov 2020.
Charges
A charge registered on 05 Oct 2018 via Charge ID 100221858 with State Bank Of India was fully satisfied on 30 May 2020.
Ceased
Mannam Nirmala Devi ceased to be Director.
Ceased
Ravishankar Nayudu ceased to be Whole-Time Director.
Charges
A charge registered on 10 Nov 2017 via Charge ID 100143509 with Hdfc Bank Limited was fully satisfied on 02 Jan 2019.
9 earlier events are in the company report.
Frequently asked questions
Starminds Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 April 2000 (26+ years old) and is registered under CIN U72900KA2000PTC026899.
Starminds Solutions has 2 current directors:
- Hadnoor Ramakrishna Murthy Dinesh - Whole-Time Director
- Suma Nagraj Gowda - Director
The latest financial statements of Starminds Solutions 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 Starminds Solutions is 29AAFCS3836A1ZH, registered in Karnataka. 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 Starminds Solutions is U72900KA2000PTC026899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starminds Solutions was incorporated on 10 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Srinivas Kesanapalli ceased to be Whole-Time Director on 30 Sep 2023. Veera Venkata Satya Anantha Koripella ceased to be Whole-Time Director on 30 Sep 2023. Suma Nagraj Gowda ceased to be Additional Director on 29 Sep 2023. Starminds Solutions has 13 board changes on record in total.
Yes, Starminds Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0102492).
Starminds Solutions can be reached through the website starminds.net. Its registered office is in Bangalore, Karnataka, India.
The registered office of Starminds Solutions is at No. 635 1st A Cross 7th Block 2nd Phase 3rd Stage Banashankari, Bangalore, Karnataka, India – 560085.