Company Intelligence Profile
Mynd Solutions Private Limited
Mynd Solutions Private Limited runs M1xchange, an RBI-authorized TReDS platform where MSME suppliers get early payment on invoices raised on large buyers.
Last updated 28 October 2026
Mynd Solutions Private Limited runs M1xchange, an RBI-authorized TReDS platform that helps MSME suppliers get early payment on invoices raised on large buyers. The company was incorporated on 1 February 2002 and is registered in New Delhi. It reported revenue of ₹104.73 Cr in FY2024-25 and has no borrowings or registered charges. Filter Capital invested $10M in Jul 2025.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Mynd Solutions
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | Mynd Solutions Private Limited |
|---|---|
| CIN | U74140DL2002PTC114073 |
| PAN | AADCM1046J |
| Status | Active |
| Listing | |
| Incorporated | 1 February 2002 |
| ROC | RoC-Delhi |
| Sector (NIC) | Fintech |
| Registered address |
|
| Authorized capital | ₹97.8 Cr / ₹97.76 Cr |
| Paid-up capital | ₹85.9 Cr / ₹84.72 Cr |
Source: MCA records via tofler.in, thecompanycheck.com
Business Overview
- Mynd Solutions Private Limited operates M1xchange, an RBI-authorized Trade Receivables Discounting System (TReDS) platform.
- MSME suppliers auction invoices raised on large corporate and PSU buyers to a network of 80+ banks and NBFCs.
- Suppliers get working-capital payment early, within about 24 hours.
- The platform launched on 7 April 2017.
- The company was incorporated on 1 February 2002 and is registered in New Delhi.
Source: m1xchange.com
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sundeep Mohindru | 00307630 | Whole-time Director | 07 Jul 2006 |
| Neeru Mohindru | 00307529 | Director | 01 Feb 2002 |
| Vivek Misra | 00307405 | Director | 01 Feb 2002 |
| Vikram Suhas Godse | 00230548 | Nominee Director | 25 Jan 2019 |
| Brijesh Kumar Agrawal | 00191760 | Nominee Director | 27 May 2022 |
| Vijay Premji Thacker | 00761544 | Director | 25 Sep 2017 |
| Rajendra Kumar Saraf | 02730755 | Director | 18 Apr 2019 |
| Rajeev Garg | 06763577 | Nominee Director | 28 Mar 2025 |
Source: MCA records via tofler.in
Financials
- Revenue ₹104.73 Cr
- Total assets ₹121.6 Cr
- Borrowings Nil
Source: MCA records via tofler.in, thecompanycheck.com
Funding
- Filter Capital invested $10M in Jul 2025.
- Jindal Stainless Limited acquired a 9.62% stake in May 2025.
- IndiaMART Intermesh Ltd acquired a stake in Nov 2021.
- Other investors: Amazon.com NV Investment Holdings Inc., Mayfield, BEENEXT.
Source: m1xchange.com
Charges & Borrowings
- No registered charges.
- Borrowings: Nil in FY2024-25.
Source: MCA records via tofler.in
Legal & Compliance
- Greytrix India Private Limited & Anr vs Mynd Solutions Private Limited & Anr: civil case in the Delhi High Court, heard from 2020 to May 2024.
- Mynd Solutions P. Ltd vs ACIT, Circle-17(1), New Delhi: income tax appeal before the Income Tax Appellate Tribunal, Delhi, decided 13 Mar 2019, Assessment Year 2010-11.
Source: indiankanoon.org
Competitors
Frequently Asked Questions
What does Mynd Solutions Private Limited do?
When was Mynd Solutions Private Limited incorporated?
What is the CIN of Mynd Solutions Private Limited?
Where is Mynd Solutions Private Limited registered?
Who are the directors of Mynd Solutions Private Limited?
Recur Market
Which lenders fit a company like Mynd Solutions Private Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
Similar Fintech companies
- Desiderata Impact Ventures Private LimitedDesiderata Impact Ventures is the holding company behind the Progcap group of fintech brands: Progfin, Progcap and ProgComm.
- Centricity Wealth Tech Private LimitedCentricity is a wealth technology platform that connects investors with certified wealth managers and distributors for mutual funds, PMS, AIF, deposits and bonds.
- FINZOOM INVESTMENT ADVISORS PRIVATE LIMITEDFINZOOM INVESTMENT ADVISORS PRIVATE LIMITED runs INDmoney, a Gurugram-based wealth and digital brokerage platform for mutual funds, stocks and global investing.
- Credavenue Private LimitedCredavenue Private Limited, trading as Yubi, is a Chennai-based fintech offering debt marketplace and lending software to lenders and borrowers in India.
- Finterscale Technology Private LimitedFinterscale Technology Private Limited runs Gullak, a savings and digital gold app for Android and iOS, from Bengaluru.
- FINOUX SOLUTIONS PRIVATE LIMITEDFINOUX SOLUTIONS PRIVATE LIMITED is a Mumbai software company that helps financial services companies with digital transformation.
More on Recur Club
Recently added companies
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.