MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-20-0043998
Team Myriads IT Private Limited - business outsourcing in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹1.67 Cr
▼ 8% YoY
Net loss · FY 2022
₹14.85 Lakh
Net margin -8.9%
EBITDA · FY 2022
₹13.66 Lakh
EBITDA margin 8.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.73 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
About Team Myriads IT Private Limited
Data last updated:
Team Myriads IT Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the business process outsourcing sector. It was incorporated on 14 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U72900MH2009PTC196425.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohd Wasi Akhtar and Mohmmad Aslam Ahmad.
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 Shop No. 2 P. No. 6 Vasant Vihar Shankar Nagar, Nagpur, Maharashtra, India – 440010.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.67 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹14.85 Lakh (net margin -8.9%) and EBITDA of ₹13.66 Lakh (EBITDA margin 8.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹1.73 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 2 cases are pending.
Team Myriads IT Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0043998). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website teamgroup99.com.
Company details
CIN U72900MH2009PTC196425
Registration Number 196425
Incorporation Date 14 October 2009
ROC Nagpur
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 Micro
Udyam Registration UDYAM-MH-20-0043998
Recognitions & Rankings of Team Myriads IT
Contact details
Team Myriads IT Private Limited's registered office is in Nagpur, Maharashtra. Its website is teamgroup99.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No. 2 P. No. 6 Vasant Vihar Shankar Nagar, Nagpur, Maharashtra, India – 440010
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Team Myriads IT Private Limited, buy the company report.
Comprehensive company report
Team Myriads IT 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 Team Myriads IT is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Team Myriads IT Private Limited, buy the company report.
Financials of Team Myriads IT Private Limited
FY 2022 filings availableTeam Myriads IT Private Limited reported revenue of ₹1.67 Cr (down 8% YoY) for FY 2022.
Revenue · FY 2022
₹1.67 Cr ▼ 8%
Net loss · FY 2022
₹14.85 Lakh margin -8.9%
EBITDA · FY 2022
₹13.66 Lakh margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 23%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 83%
3 years · compounded
▼ 34%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 8% fall in the latest year. EBITDA rose 83% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | ₹13.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.85 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | -8.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Team Myriads IT Private Limited, buy the company report.
Board of directors of Team Myriads IT Private Limited
Team Myriads IT has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohd Wasi Akhtar Also directs: Team99 Heights Private Limited | Director | 15 Oct 2022 | 4 Years 0 Months | Current |
| Mohmmad Aslam Ahmad | Additional Director | 18 Mar 2023 | 3 Years 7 Months | Current |
Auditor
Team Myriads IT Private Limited is audited by P Y JACHAK & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P Y JACHAK & CO | FY 2020 | 130480W |
Shareholding
The shareholding of Team Myriads IT Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Team Myriads IT Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.73 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2013 | 10414357 | Others | ₹1.21 Cr | Open | |
| 22 May 2012 | 10360834 | Religare Finvest Limited | ₹52 Lakh | Open |
To see the full charge records of Team Myriads IT Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Team Myriads IT Private Limited has 6 court cases on record: 6 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed against the company
6
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Arbitration matter | Filed against the company by Bajaj Finance Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Nagpur, Maharashtra | Arbitration matter | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, Nagpur, Maharashtra | Criminal miscellaneous application | Filed against the company by HDB Financial Services Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Idfc First Bank Limited Through Sandeep Gupta | Disposed |
To see the full case history of Team Myriads IT 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 Team Myriads IT Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Team Myriads IT Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Team Myriads IT Private Limited has 10 board changes on record since 2009: 6 appointments and 4 cessations. The latest: Mohmmad Aslam Ahmad was appointed as Additional Director on 18 Mar 2023.
Appointed
Mohmmad Aslam Ahmad was appointed as Additional Director.
Ceased
Shweta Anant Bhagwat ceased to be Director.
Ceased
Sandeep Bhagwanji Rai ceased to be Director.
Appointed
Mohd Wasi Akhtar was appointed as Director.
AGM
Team Myriads It Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Team Myriads It Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Nagpur.
Ceased
Anant Jayant Bhagwat ceased to be Director.
Ceased
Dilip Bhagwanji Rai ceased to be Director.
Appointed
Sandeep Bhagwanji Rai was appointed as Director.
Appointed
Shweta Anant Bhagwat was appointed as Director.
Charges
A charge with Others of Rs. 120.69 Lakh registered on 20 Mar 2013 with Charge ID 10414357 was modified on 31 Mar 2016.
Charges
A charge with Others amounted to Rs. 120.69 Lakh with Charge ID 10414357 was registered on 20 Mar 2013.
4 earlier events are in the company report.
Frequently asked questions
Team Myriads IT is an active private limited company based in Nagpur, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 14 October 2009 (17+ years old) and is registered under CIN U72900MH2009PTC196425.
Team Myriads IT has 2 current directors:
- Mohd Wasi Akhtar - Director
- Mohmmad Aslam Ahmad - Additional Director
The latest financial statements of Team Myriads IT 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Team Myriads IT is U72900MH2009PTC196425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Team Myriads IT has 6 court cases on record: 6 filed against it. 2 are pending.
Team Myriads IT was incorporated on 14 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Nagpur.
Mohmmad Aslam Ahmad was appointed as Additional Director on 18 Mar 2023. Shweta Anant Bhagwat ceased to be Director on 18 Mar 2023. Sandeep Bhagwanji Rai ceased to be Director on 20 Feb 2023. Team Myriads IT has 10 board changes on record in total.
Yes, Team Myriads IT is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-20-0043998).
Team Myriads IT can be reached through the website teamgroup99.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Team Myriads IT is at Shop No. 2 P. No. 6 Vasant Vihar Shankar Nagar, Nagpur, Maharashtra, India – 440010.
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