MINDPOOL - Mindpool Tech.

📊 NSE: MINDPOOL 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/14/2025 9:51

💰 Financial Performance

Revenue Growth by Segment

Staffing Services revenue was INR 1,298.82 Lakhs (48.89% of total), Digital Marketing Services was INR 44.39 Lakhs (1.67%), and Digital Marketing Services was INR 44.39 Lakhs. Standalone revenue fell 24% YoY to INR 2,656.42 Lakhs in FY 2024-25 compared to INR 3,497.93 Lakhs in FY 2023-24.

Geographic Revenue Split

USA subsidiary (Mindpool Technologies Inc) generated USD 0.927 Million (INR 784.35 Lakhs), representing a reduction of 18% YoY from USD 1.135 Million. Domestic operations are centered in Pune, Bangalore, Hyderabad, and Noida.

Profitability Margins

Net Profit Margin fell 63.38% to 0.26% in FY 2024-25 from 0.71% in FY 2023-24. Operating Profit Margin fell 40.78% to 0.30% from 0.51% YoY. Return on Net Worth (ROI) dropped 72.49% to 0.01% from 0.02%.

EBITDA Margin

Not explicitly disclosed as a percentage for the current period, but the company reported a 50.84% fall in overall profit to INR 9.60 Lakhs (estimated from 50.84% fall of INR 19.53 Lakhs) due to pressure on US subsidiary profitability.

Capital Expenditure

Standalone Capital Employed as of September 30, 2025, was INR 423.75 Lakhs across all segments.

Credit Rating & Borrowing

Debt-equity ratio deviation of 63.38% reported due to decrease in turnover and operating profit; specific interest rate percentages not disclosed.

⚙️ Operational Drivers

Raw Materials

Human Capital/Talent (700+ employees) is the primary operational resource, as the company is a service provider.

Import Sources

Not applicable for IT services; talent is sourced domestically in India and via the US subsidiary.

Key Suppliers

Not applicable; however, the company noted it has not received status information for suppliers under the MSMED Act 2006.

Capacity Expansion

Current capacity is 700+ employees working primarily from home; expansion is focused on Global Capability Center (GCC) setup and management services.

Raw Material Costs

Not applicable; employee benefit expenses and support service costs are the primary drivers, though specific YoY % for these costs was not provided.

Manufacturing Efficiency

Not applicable; service delivery efficiency is managed through evolving business structures to respond to market needs.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company plans to achieve growth by positioning itself as a leader in Global Capability Center (GCC) setup and management in India, supported by favorable investment policies. It also aims to enhance EBITDA and PAT margins through proper execution and planning in domestic and global regions.

Products & Services

IT Staffing Services, Digital Marketing Services, Routing Services, and Offshore Development Center (ODC) services.

Brand Portfolio

MINDPOOL

New Products/Services

Global Capability Center (GCC) setup and management services are the primary new strategic focus area.

Market Expansion

Targeting growth in domestic and global regions with existing and new digital clients.

🌍 External Factors

Industry Trends

The industry is shifting toward establishing GCCs in India, supported by digital infrastructure and favorable policies. Mindpool is evolving its structure to respond to these globalization trends.

Competitive Landscape

Operates in the highly competitive IT staffing and consulting sector against both domestic and global players.

Competitive Moat

Competitive advantage is derived from a 700+ best-in-class talent pool and a long-standing relationship with Fortune 500 clients, though sustainability is currently challenged by margin compression.

Macro Economic Sensitivity

Highly sensitive to US economic indicators, which caused an 18% revenue drop in the US subsidiary and a 50.84% fall in overall profit.

Consumer Behavior

Shift toward remote work (700+ employees working from home) and increased demand for digital marketing and ODC services.

Geopolitical Risks

Weak economic indicators in the US market represent a significant geographic and geopolitical risk to the subsidiary's performance.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (LODR) Regulations 2015 and Accounting Standard 25 for interim financial reporting. The company also follows Section 133 of the Companies Act 2013.

Taxation Policy Impact

Provision for Income Tax was not made in the interim results for the period ended September 30, 2025.

Legal Contingencies

The Group has disclosed the impact of pending litigations on its financial position, though specific case values in INR were not provided in the snippets.