Where is M1 NXT located?

M1 NXT is headquartered in Gandhinagar, India. It is registered at F-83EAST OF KAILASH, NEW DELHI, Delhi, India, 110065.

Who is the current CEO of M1 NXT?

Munindra Kumar Verma of M1 NXT.

Which legal entities is M1 NXT associated with?

M1 NXT is associated with Mynd Solutions Private Limited.

How many employees does M1 NXT have?

As of May 31, 2025, the latest employee count at M1 NXT is 342.

Is M1 NXT a funded company?

M1 NXT is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of M1 NXT?

Annual revenue of M1 NXT is between ₹100 Cr and ₹500 Cr as on Mar 31, 2026

Where does M1 NXT rank among its competitors?

M1 NXT ranks 2nd amongst 15 active competitors, only 1 of which is funded., of which only Magcloud Digital is funded and secured an undisclosed amount in May, 2018.

Who are the top competitors of M1 NXT?

M1 NXT's top competitors include OTR Solutions, SNAP and Magcloud Digital. Among them, Magcloud Digital secured the most recent funding round in May, 2018.

M1 NXT - 2026 Company Profile, Team, Competitors & Financials

Company Details

Website: www.m1nxt.com/
Social
Email ID: *****@m1nxt.com
Phone Number: +91 **********
Part Of
Registered Address: F-83EAST OF KAILASH, NEW DELHI, Delhi, India, 110065

Key Metrics

Founded Year

2022

Location

Gandhinagar, India

Stage

Unfunded

Ranked

2^nd among 15 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

342 as on May 31, 2025

Similar Companies

OTR Solutions & 15 more

View M1 NXT's full profile

M1 NXT is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Mynd Solutions Private Limited CIN: U74140DL2002PTC114073 , India, Active	Feb 01, 2002	₹100 - ₹500 Cr (As on Mar 31, 2026)	468 (As on May 31, 2026)

M1 NXT has not raised any funding rounds yet.

The founders of M1 NXT are Sundeep Mohindru and Anurag Chaturvedi. Munindra Kumar Verma is the CEO of M1 NXT.

Here are the details of M1 NXT's key team members:

Sundeep Mohindru: Co-Founder of M1 NXT and founder of 2 other companies, M1xchange and Mynd Solutions. They serve on the boards of 3 companies.
Contact Info: 2 email addresses and 1 phone number
Anurag Chaturvedi: Co-Founder & CTO of M1 NXT and founder of 2 other companies, M1xchange and Mynd Fintech.
Contact Info: 1 phone number
Munindra Kumar Verma: CEO of M1 NXT.
Contact Info: 1 email address

View details of M1 NXT's Founder profiles and Board Members

M1 NXT's employee count trend

M1 NXT has 342 employees as of May 25. The total employee count is 30.0% more than what it was in May 24. Here is M1 NXT's employee count trend over the years:

Uncover M1 NXT's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of M1 NXT include OTR Solutions, SNAP and Magcloud Digital. Here is the list of Top 10 competitors of M1 NXT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	OTR Solutions 2011, Roswell (United States), Funding Raised	Provider of web-enabled freight factoring solutions	-	Summit Partners	49/100
2nd	M1 NXT 2022, Gandhinagar (India), Unfunded	Provider of web-enabled cross-border freight factoring platform	-	-	45/100
3rd	SNAP 2010, Norwich (United Kingdom), Acquired	Provider of digital mobility solutions for fleet, driver, and partner needs	-	-	40/100
4th	Magcloud Digital 2015, Beijing (China), Seed	Provider of IoT and blockchain-based supply chain solutions	-	Hua Partners, Grit Ventures & 1 others	29/100
5th	RTS 1995, Overland Park (United States), Unfunded	Provider of fuel management platform for truckers	-	Volition Capital	29/100
6th	EMCBham 1989, Irondale (United States), Unfunded	Provider of freight dispatch, factoring, rate negotiation, and safety services	-	-	24/100
7th	Cargo Nerd 2021, United States, Unfunded	Provider of freight factoring solutions for cargo operators	-	-	24/100
8th	Vero Business Capital 2016, Memphis (United States), Acqui-Hired	Provider of freight factoring systems for truckers	-	Summit Holdings, SouthWorth Capital Management	22/100
9th	Dispatch Experts 2015, Claymont (United States), Unfunded	Provider of dispatch and back-office support services for truck owner-operators	-	-	21/100
10th	Smart Freight Funding 2014, Omaha (United States), Unfunded	App-based platform providing factoring solutions for the trucking industries	-	-	21/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on M1 NXT's competitors? Click here to see the top ones

Founders (largest shareholder) own 52.64%, Funds own 32.95%, Enterprises own 10.53% and Other People own 0.27%. The net worth of M1 NXT's founders is INR 1,110Cr as of Mar 28, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	52.64%	1,110Cr	8735359	2224409	4660213	6901342
Sundeep Mohindru	6364560	2512055	2704413	5111148	1017849	7195016
Fund	32.95%	692Cr	3497137	9477541	5850580	8959131
Enterprise	10.53%	221Cr	5085253	1409638	5132621	2902399
Other People	0.27%	5.74Cr	0	0	0	0
ESOP Pool	3.61%	75.7Cr	697	408	709	573
Total	100.00%	2,100Cr	8167350	4749945	5126899	8659573