MSB in India
What is that ?
Money service Business. Nice to see a Bitcoin service, being called one.

I hope we do not need apply for the same in 50 states in US.
On serious note, there is no msb license as far as I know. You need to register with fincen ( or may be even states). But that is related to USA.
If we are talking about India, you don't need msb registration, For sure :-)
Cheers