Company Intelligence Profile
Mustaro Technoserve Private Limited
Per the company's own website (biznest.co.in), Mustaro Technoserve Pvt Ltd trades as "BIZ Nest" — a Goa-based, subscription "destination lifestyle" platform combining co-working spaces, "workation" packages, meeting rooms, virtual offices and serviced living accommodation.
Last updated 4 August 2026
Mustaro Technoserve Private Limited, operating as BIZ Nest, is a Goa-based subscription destination lifestyle platform offering co-working spaces, workation packages, meeting rooms, virtual offices, and serviced accommodation, positioning itself as India's only subscription-based destination lifestyle platform. Incorporated in October 2017 and DPIIT-recognised as a startup, the company reported revenue of Rs 4.53 Cr in FY2025, with a net profit margin of 7.03%.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Mustaro Technoserve
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | MUSTARO TECHNOSERVE PRIVATE LIMITED |
|---|---|
| CIN | U50404MH2017PTC300370 |
| PAN | AALCM3671R — derived/confirmed from the PAN segment embedded in all three GSTINs registered to this company (knowyourgst.com, mastersindia.co); not separately published as a standalone MCA PAN field on Tofler/TheCompanyCheck. |
| Status | Active |
| Listing | Unlisted (Private Limited Company) |
| Incorporated | 03 October 2017 |
| ROC | RoC Mumbai (Maharashtra) |
| Sector (NIC) |
|
| Registered address | Unit No. B1-401, Kanakia Boomerang, Chandivali Road, Yadav Nagar, Chandivali, Powai, Mumbai City, Maharashtra – 400072 |
| Authorized capital | ₹2.00 Lakh (₹200,000) — Tofler and TheCompanyCheck agree |
| Paid-up capital | Conflicting: Tofler reports ₹1.05 Lakh |
Business Overview
- Per the company's own website (biznest.co.in), Mustaro Technoserve Pvt Ltd trades as "BIZ Nest" — a Goa-based, subscription "destination lifestyle" platform combining co-working spaces, "workation" packages, meeting rooms, virtual offices and serviced living accommodation
- Positioned as "Goa's Largest Co-Working & Workation Platform" / "India's Only Subscription Based Destination Lifestyle Platform." Operational address given on the site: 7th Floor, Sunteck Kanaka Corporate Park, Patto Centre, Panaji, Goa 403001 (distinct from the Mumbai registered office)
- DPIIT-recognised startup
- Registry-level sector tags (Trading / Travel & Hospitality) are generic MCA classifications and less informative than the site's own description
Directors
3 directors, DINs cross-confirmed by Tofler and TheCompanyCheck (2 independent sources = confirmed):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Nasreen Abrar Shaikh | 05274124 | Whole-time Director | 13 Feb 2018 |
| Kashif Shaikh | 08630807 | - | 07 Dec 2019 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AALCM3671R1ZL | Maharashtra | AALCM3671R — derived/confirmed from the PAN segment embedded in all three GSTINs registered to this company (knowyourgst.com, mastersindia.co); not separately published as a standalone MCA PAN field on Tofler/TheCompanyCheck. | Cancelled |
| 30AALCM3671R1ZY | Goa | AALCM3671R — derived/confirmed from the PAN segment embedded in all three GSTINs registered to this company (knowyourgst.com, mastersindia.co); not separately published as a standalone MCA PAN field on Tofler/TheCompanyCheck. | Active |
| 30AALCM3671R2ZX | Goa | AALCM3671R — derived/confirmed from the PAN segment embedded in all three GSTINs registered to this company (knowyourgst.com, mastersindia.co); not separately published as a standalone MCA PAN field on Tofler/TheCompanyCheck. | - |
3 GSTINs identified, all sharing PAN AALCM3671R (confirms company PAN): 1. 27AALCM3671R1ZL — Maharashtra (Mumbai Suburban, 201 Phoolbai Mansor CHS, near ICICI Bank Bandra West) — registered 25 Jul 2018 — CANCELLED 20 Aug 2024 (Source: mastersindia.co, direct fetch — confirmed) 2. 30AALCM3671R1ZY — Goa (7th Floor, Suntech Kanaka, Patto Plaza, Panjim) — registered 24 Mar 2021 — ACTIVE/Regular (Source: gst.unifers.ai/knowyourgst aggregation — confirmed) 3. 30AALCM3671R2ZX — Goa (Suntech Kanaka Building, Patto Area, Panaji) — registered 13 Dec 2022 — status CONFLICTING: knowyourgst.com's own individual GSTIN page (fetched directly) shows "Active"; an earlier aggregated search snippet had flagged it "Cancelled." Direct-page data is treated as more reliable, but flag this as unresolved (partial). Home state has effectively shifted from Maharashtra (original registration, now cancelled) to Goa (2 registrations, matching the BizNest operational HQ). #registrations found: 3 (may not be exhaustive — GST portal itself not queried, blocked source).
Financials
Standalone entity, no subsidiaries/consolidation indicated.
- Revenue (FY ended 31 Mar 2025): ₹4.53 Cr, up ~1.00% YoY
- EBITDA / PAT / Net Worth / Total Borrowings (absolute ₹): locked behind paywalls on both Tofler and TheCompanyCheck — not obtained
- Tofler-published ratios (as of Mar 2025, standalone): Net Profit Margin 7.03%, Gross Margin 0.27, Operating Margin -0.13, Return on Equity 7.53%, ROCE -2.41%, Debt-to-Equity 0.18
- Last balance sheet date: 31 Mar 2025; Auditor (FY2023): Madhur Agarwal & Associates
- Employees per EPFO: 0 (as of 04 May 2024) — likely means no salaried employees under an EPFO-registered establishment, consistent with a very small paid-up-capital entity.
Charges/Loans
Conflicting sources:
| Tofler (fetched directly) | "As per information available, the company has no registered charges." |
|---|---|
| TheCompanyCheck | Total open charges ₹51.53 Lakh — HDFC Bank Limited ₹16.53 Lakh (charge dated 06 Jun 2024) and another lender ₹35 Lakh (charge dated 27 Feb 2025) |
TheCompanyCheck's dated, itemised entries are more likely current
Legal
No matching cases found on Indian Kanoon for "Mustaro Technoserve" as of the check date — confirmed absence of reported litigation in that database (does not rule out matters not indexed by Indian Kanoon).
Competitors
Goa co-working / workation-space peers (rough scale vs. BizNest, a single-city niche subscription operator with ~₹4.5 Cr revenue):
- Regus (large, international serviced-office chain — much larger scale)
- 91Springboard Goa (larger, multi-city Indian coworking chain)
- iKeva (mid-size regional coworking chain)
- Evoma (mid-size regional coworking/serviced-office chain)
- Spacion Business Centre (comparable small/local scale)
- MeWo / Co-Work Nest, Corporate Deck (Margao), Clay Anjuna, Ignite EDC Innovation Hub (Panaji) — comparable small, Goa-local coworking spaces, similar scale to BizNest
web search aggregation (Crunchbase/G2-style alternative listings); not a registry-verified list.
Frequently Asked Questions
What does MUSTARO TECHNOSERVE PRIVATE LIMITED do?
What is the CIN of MUSTARO TECHNOSERVE PRIVATE LIMITED?
Where is MUSTARO TECHNOSERVE PRIVATE LIMITED registered?
Recur Market
Which lenders fit a company like Mustaro Technoserve Private Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
More on Recur Club
Recently added companies
Lenders on Recur Club
Explore on Recur Club
More from Recur Club
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.