Mangal Compusolution Ltd IPO

Mangal Compusolution Limited was originally incorporated as Pathik Computer Systems Private Limited, a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai, on April 11, 2011. Further, the name of the Company was changed to Mangal Compusolution Private Limited pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on June 02, 2012 and a fresh certificate of incorporation dated June 07, 2012 was issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on September 26, 2023, and consequently, the name of the Company was changed to Mangal Compusolution Limited, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 26, 2023, was issued by the Registrar of Companies, Mumbai to the Company.

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.4% of India's GDP in FY22, and it is expected to contribute 10% to India's GDP by 2025. As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the internet. India is one of the countries with the quickest pace of digital adoption.

Mangal Compusolution Limited is actively involved in the business of renting and selling IT hardware equipment, offering comprehensive end-to-end IT equipment services across India. Its services encompass the rental of a diverse range of IT equipment, including servers, laptops, desktops, printers, projectors, router-switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories. Additionally, the company specializes in creating customized IT configurations tailored to its clients' specific specifications and needs, available for both rental and purchase.