Maharashtra Information Technology Corporation Limited

Provides technology and innovation services for government projects such as Smart Cities and Digital India.

2016 | Mumbai, Maharashtra (India) | Active
Last Updated: December 27, 2024

Maharashtra Information Technology Corporation Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 10.00 Cr
  • Company Age 8 Year, 4 Months
  • Last Filing with ROC 31 Mar 2020
  • Revenue Growth 23.68%
  • Profit Growth 249.09%
  • Ebitda -28.95%
  • Net Worth 23.09%
  • Total Assets 34.70%

About Maharashtra Information Technology Corporation

Maharashtra Information Technology Corporation Limited (MITCL) is a Private Limited State Government Company incorporated in India on 06 October 2016 (Eight years and four months 18 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2020. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 10.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Maharashtra Information Technology Corporation Limited India are Yogendra Ahire as COMPANY SECRETARY and Vikas Kumbhar as Cfo. Parrag Nainutia, Saurabh Vijay, Harshadeep Kamble, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mahait.org

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999MH2016SGC286591

  • Company No.

    286591

  • Company Classification

    Private Limited State Government Company

  • Incorporation Date

    06 Oct 2016

  • Date of AGM

    24 Mar 2021

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

Who are the key members and board of directors at Maharashtra Information Technology Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Jayashree Bhoj Country flag representing In Managing Director19-Oct-2020Current
Yogendra Ahire Country flag representing In Company Secretary07-Oct-2021Current
Vikas Kumbhar CFO14-Sep-2021Current

Board Members (5)

NameDesignationAppointment DateStatus
Parrag Nainutia Country flag representing In Director 03-Nov-2022Current
Saurabh Vijay Country flag representing In Director 25-Oct-2024Current
Harshadeep Kamble Country flag representing In Director 01-Aug-2022Current
Nima Arora Country flag representing In Director 08-Aug-2023Current
Ajay Gadiya Director 25-Sep-2024Current

Financial Performance of Maharashtra Information Technology Corporation.

Maharashtra Information Technology Corporation Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 23.68% increase. The company also saw a substantial improvement in profitability, with a 249.09% increase in profit. The company's net worth Soared by an impressive increase of 23.09%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
23.68%
Revenue from Operations
27.12%
Total Assets
34.70%
Profit or Loss
249.09%
Net Worth
23.09%
EBITDA
-28.95%

What is the Ownership and Shareholding Structure of Maharashtra Information Technology Corporation?

In 2020, Maharashtra Information Technology Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Maharashtra Information Technology Corporation?

Maharashtra Information Technology Corporation has a workforce of 49 employees as of Oct 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Information Technology Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Information Technology Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Maharashtra Information Technology Corporation

Recent activity within the organization

  • Director Appointment

    Saurabh Vijay was appointed as a Director was appointed as a Director on 25 Oct 2024 & has been associated with this company since 3 months 29 days .

    25 Oct 2024

  • Director Appointment

    Ajay Gadiya was appointed as a Director was appointed as a Director on 25 Sep 2024 & has been associated with this company since 4 months 29 days .

    25 Sep 2024

  • Director Appointment

    Nima Arora was appointed as a Director was appointed as a Director on 08 Aug 2023 & has been associated with this company since 1 year 6 months .

    08 Aug 2023

  • Director Appointment

    Parrag Jaiin Nainutia was appointed as a Director was appointed as a Director on 03 Nov 2022 & has been associated with this company since 2 years 3 months .

    03 Nov 2022

  • Director Appointment

    Harshadeep Shriram Kamble was appointed as a Director was appointed as a Director on 01 Aug 2022 & has been associated with this company since 2 years 6 months .

    01 Aug 2022

  • Annual General Meeting

    Maharashtra Information Technology Corporation Limited last Annual general meeting of members was held on 24 Mar 2021 as per latest MCA records.

    24 Mar 2021

Frequently asked questions

  • Maharashtra Information Technology Corporation Limited was incorporated on 06 Oct 2016.

  • The authorized share capital of Maharashtra Information Technology Corporation Limited is ₹ 25.00 Cr and paid-up capital is ₹ 10.00 Cr.

  • Currently 8 directors are associated with Maharashtra Information Technology Corporation Limited.

    • Parrag Jaiin Nainutia
    • Saurabh Vijay
    • Harshadeep Shriram Kamble
    • Jayashree Shrikant Bhoj
    • Nima Arora
    • Ajay Gadiya
    • Yogendra Eknath Ahire
    • Vikas Jagannath Kumbhar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra Information Technology Corporation Limited is 311 03Rd Floor, Annexe Building Mantralaya Hutatma Rajguru Chowk Nariman Point India, Mumbai, Maharashtra, 400032.

  • The corporate identification number (CIN) of Maharashtra Information Technology Corporation Limited is U74999MH2016SGC286591 and the company number is 286591 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Maharashtra Information Technology Corporation Limited is https://www.mahait.org

  • According to the financial reports for the fiscal year 2021, the revenue trend for Maharashtra Information Technology Corporation Limited has risen by 23.68%.

  • As Per 2021 financial reports, 49 employees are currently employed by Maharashtra Information Technology Corporation Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Maharashtra Information Technology Corporation Limited has experienced an upsurge of 23.09%.

  • The most recent Balance Sheet for Maharashtra Information Technology Corporation Limited was filed with the ROC on 31 Mar 2020.

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