About Tech Mahindra Growth Factories Limited
Data last updated:
Tech Mahindra Growth Factories Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tech Mahindra Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 October 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2015PLC269129. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹40 Cr and a paid-up capital of ₹33.75 Cr. It was led by directors including Jagdish Mitra (Whole-Time Director) and Vivek Satish Agarwal.
Its last annual general meeting (AGM) was held on 31 July 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹8.5 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net loss of ₹1.4 Cr (net margin -16.5%) and EBITDA of -₹90 Lakh (EBITDA margin -10.6%). Revenue has grown at a compounded annual rate (CAGR) of 340% over three years.
The company had about 27 employees on its provident fund (EPFO) records before it was dissolved.
The company has 1 deal on record (1 acquisition); the latest was in September 2016. Its 8 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 5 smaller; the largest is Wisilica India Private Limited with revenue of ₹8.51 Cr.
The last known website on record is techmgrowthfactories.com.
Company details
Contact details
Tech Mahindra Growth Factories Limited's registered office is in Mumbai, Maharashtra. Its website is techmgrowthfactories.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressW – 1 Oberoi Estate Gardens Off Saki Vihar Road Next Chandivali Studio Chandivali Saki, Naka, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Tech Mahindra Growth Factories 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 Tech Mahindra Growth Factories is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Tech Mahindra Growth Factories Limited, buy the company report.
Financials of Tech Mahindra Growth Factories Limited
FY 2019 filings availableTech Mahindra Growth Factories Limited reported revenue of ₹8.5 Cr (up 29% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 340% over three years, including 29% growth in the latest year. EBITDA rose 72% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹90 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.4 Cr | |||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -10.6% | |||
| Net Profit Margin | -16.5% | |||
| 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 Tech Mahindra Growth Factories Limited, buy the company report.
Board of directors of Tech Mahindra Growth Factories Limited
Tech Mahindra Growth Factories has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Satish Agarwal | Director | 12 Oct 2015 | 11 Years 1 Months | As last reported |
| Jagdish Mitra Also directs: MBRK Global Services Private Limited, Humanize Business Solutions Private Limited, Idemia Syscom India Private Limited and 2 more | Whole-Time Director | 12 Oct 2015 | 11 Years 1 Months | As last reported |
| Harshvendra Soin | Director | 01 Feb 2019 | 7 Years 9 Months | As last reported |
Peer comparison
Tech Mahindra Growth Factories Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wisilica India Private Limited | ₹8.51 Cr (FY 2025) | -26.0% | Ernakulam, Kerala, India | |||
| Ezeiatech Systems Private Limited | ₹8.5 Cr (FY 2024) | -12.0% | New Delhi, Delhi, India | |||
| Iksha Labs Private Limited | ₹8.5 Cr (FY 2025) | 40.0% | Gurgaon, Haryana, India | |||
| Tech Mahindra Growth Factories Limitedthis company | ₹8.5 Cr (FY 2019) | -₹1.4 Cr | -16.5% | 29.0% | 27 | Mumbai, Maharashtra, India |
| Vasundara Prosys Private Limited | ₹8.5 Cr (FY 2022) | 21.0% | Bangalore, Karnataka, India | |||
| Technerds Solutions Private Limited | ₹8.49 Cr (FY 2024) | 1.0% | Chennai, Tamil Nadu, India | |||
| Isans Consulting Services Private Limited | ₹8.49 Cr (FY 2025) | 609.0% | Ahmedabad, Gujarat, India | |||
| Viseo India Private Limited | ₹8.49 Cr (FY 2025) | -16.0% | Bangalore, Karnataka, India | |||
| Cloudintegrtr Software Services Private Limited | ₹8.49 Cr (FY 2025) | 33.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Tech Mahindra Growth Factories Limited, buy the company report.
Auditor
Tech Mahindra Growth Factories Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2016 | 117366W/W-100018 |
Shareholding
The shareholding of Tech Mahindra Growth Factories Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tech Mahindra Growth Factories Limited, buy the company report.
Deals & funding
Tech Mahindra Growth Factories Limited has 1 deal on record (1 acquisition); the latest was in September 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Acquisition | ₹23.2 Cr | Buyer: Tech Mahindra Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Tech Mahindra Growth Factories 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 Tech Mahindra Growth Factories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tech Mahindra Growth Factories Limited has a workforce of 27 employees on its EPFO records as of Mar 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 27 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Tech Mahindra Growth Factories Limited, buy the company report.
GST
Tech Mahindra Growth Factories has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Tech Mahindra Growth Factories Limited, buy the company report.
Recent activity
Tech Mahindra Growth Factories Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Harshvendra Soin ceased to be Additional Director on 31 Jul 2019.
News
Frequently asked questions
Tech Mahindra Growth Factories has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tech Mahindra Growth Factories was a public limited company based in Mumbai, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 12 October 2015 and is registered under CIN U72200MH2015PLC269129. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tech Mahindra Growth Factories was incorporated on 12 October 2015. It is registered with the Registrar of Companies, Mumbai.
Tech Mahindra Growth Factories had 3 directors:
- Jagdish Mitra - Whole-Time Director
- Vivek Satish Agarwal - Director
- Harshvendra Soin - Director
The CIN (Corporate Identification Number) of Tech Mahindra Growth Factories is U72200MH2015PLC269129. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Tech Mahindra Growth Factories is at W – 1 Oberoi Estate Gardens Off Saki Vihar Road Next Chandivali Studio Chandivali Saki, Naka, Mumbai, Maharashtra, India – 400072.
Tech Mahindra Growth Factories can be reached through the website techmgrowthfactories.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Tech Mahindra Growth Factories on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 July 2019. Year-wise statements from FY 2016 are in the company report.
No. Tech Mahindra Growth Factories has 3 GST registrations on record and all of them are cancelled or inactive.
Tech Mahindra Growth Factories operated in the information technology industry, in the application development and software solutions segment.
Tech Mahindra Growth Factories has 1 deal on record (1 acquisition); the latest was in September 2016.
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