Musigma Business Solutions Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.10 M
- Company Age 19 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 681.00 Cr
- Satisfied Charges ₹ 2,121.00 Cr
- Revenue Growth 18.20%
- Profit Growth -4.25%
- Ebitda 10.20%
- Net Worth -2.13%
- Total Assets -1.96%
About Musigma Business Solutions
Musigma Business Solutions Private Limited (MBSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 May 2005 and has a history of 19 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Business Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹681.00 Cr. The company has closed loans amounting to ₹2,121.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Dhiraj Chidambaram, Kumar Narayanaswamy, and Alokesh Das serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140KA2005PTC036309
- Company No.
036309
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 May 2005
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Business Services
Musigma Business Solutions Private Limited
Explore comprehensive data for Musigma Business Solutions Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Musigma Business Solutions?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dhiraj Chidambaram  | Director | 02-Mar-2006 | Current |
| Kumar Narayanaswamy | Additional Director | 24-Apr-2024 | Current |
| Alokesh Das | Director | 14-Apr-2023 | Current |
Financial Performance of Musigma Business Solutions.
Musigma Business Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.2% increase. The company also saw a slight decrease in profitability, with a 4.25% decrease in profit. The company's net worth dipped by a decrease of 2.13%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Musigma Business Solutions?
In 2022, Musigma Business Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹6,810.03 M
Satisfied Charges
₹21,210.00 M
Charges Breakdown by Lending Institutions
- Others : 681.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2022 | Others | ₹681.00 Cr | Open |
| 28 May 2020 | Idbi Trusteeship Services Limited | ₹1,060.50 Cr | Satisfied |
| 28 May 2020 | Others | ₹1,060.50 Cr | Satisfied |
How Many Employees Work at Musigma Business Solutions?
Musigma Business Solutions has a workforce of 2554 employees as of Jul 07, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Musigma Business Solutions, 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 Musigma Business Solutions's trajectory.
Rating
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
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 Musigma Business Solutions
Recent activity within the organization
- Annual General Meeting
Musigma Business Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Director Appointment
Kumar Trikkur Narayanaswamy was appointed as a Additional Director was appointed as a Additional Director on 24 Apr 2024 & has been associated with this company since 11 months 20 days .
- Balance Sheet
Musigma Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Alokesh Das was appointed as a Director was appointed as a Director on 14 Apr 2023 & has been associated with this company since 2 years .
- Charges
A charge with Others amounted to Rs. 6,810.03 M with Charge ID 100555396 was registered on 29 Mar 2022.
- Charges
A charge registered on 28 May 2020 via Charge ID 100341929 with Idbi Trusteeship Services Limited was fully satisfied on 18 Feb 2022.
Recent News, Updates & Announcement
"Mu Sigma Settles Visa Fraud Case for $2.5 Million, Shifts Focus Back to Company Amidst Growing Concerns in IT Industry".Mu Sigma got caught for visa fraud and had to pay $2.5 million. They brought in employees on visitor visas and paid them less than US wages. They settled out of court because it was cheaper than fighting the charges. They just want to focus on their company. Other IT firms in the US have also faced similar situations..
- Mu Sigma's Struggle to Sell Stake: GA Turns to Carlyle and KKR, Private Equity Firms Eye Analytics Market.
When you thought you were gonna make bank with your 20% stake in Mu Sigma, but now you're just trying to sell it for $200 million. GA be like "I'm outta here" and talking to Carlyle and KKR to get rid of it. But if that doesn't work, they might hire someone else to help. This ain't the first time they tried to sell, but maybe this time it'll work. Meanwhile, Mu Sigma be flexin' with clients like Walmart and Microsoft. Private equity firms be all over the analytics game, investing in companies like Fractal Analytics and Analytics Quotient. Temasek even dropped $60 million on Manthan Software Services..
- "Struggling to Regain Control of Your Company? Investors Refuse Buyback, Turning to Bank Loan as Last Resort".
When you want to buy back your company but your investors are like "nah fam, we'll sell it to someone else" and you're like "okay, I'll just get a loan from the bank" but then you realize your company isn't worth as much as it used to be and you're just trying to gain control again..
Frequently asked questions
What is the Incorporation or founding date of Musigma Business Solutions Private Limited?
Musigma Business Solutions Private Limited was incorporated on 13 May 2005.
What is authorized share capital and paid-up capital of Musigma Business Solutions Private Limited?
The authorized share capital of Musigma Business Solutions Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.
Who are the current board members & directors of Musigma Business Solutions Private Limited?
Currently 3 directors are associated with Musigma Business Solutions Private Limited.
- Dhiraj Rajaram Chidambaram
- Kumar Trikkur Narayanaswamy
- Alokesh Das
What is the registered address of Musigma Business Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Musigma Business Solutions Private Limited is Aviator Building Level 14 Ascend Itpl - Sez Zone Whitefield Ro Ad, India, Bangalore, Karnataka, 560066.
What is the corporate identification number (CIN) and company number of Musigma Business Solutions Private Limited?
The corporate identification number (CIN) of Musigma Business Solutions Private Limited is U74140KA2005PTC036309 and the company number is 036309 as per Ministry of Corporate Affairs (MCA).
What is the official website of Musigma Business Solutions Private Limited?
The Official website of Musigma Business Solutions Private Limited is https://www.mu-sigma.com
What has been the recent revenue trend for Musigma Business Solutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Musigma Business Solutions Private Limited has risen by 18.20%.
How many employees does Musigma Business Solutions Private Limited currently have?
As Per 2023 financial reports, 2554 employees are currently employed by Musigma Business Solutions Private Limited.
What change has been observed in the net worth of Musigma Business Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Musigma Business Solutions Private Limited has experienced an downturn of -2.13%.
What are the total open charges for Musigma Business Solutions Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Musigma Business Solutions Private Limited amount to ₹ 681.00 Cr.
When was the last Balance Sheet of Musigma Business Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Musigma Business Solutions Private Limited was filed with the ROC on 31 Mar 2024.
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