MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0147791
Revenue · FY 2026
₹19 Lakh
▲ 9997% YoY
Net loss · FY 2026
₹27 Lakh
Net margin -142.1%
EBITDA · FY 2026
-₹37 Lakh
EBITDA margin -194.7%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.09 Cr
Issued & subscribed
Company age
53 yrs
Est. 1973
Employees · EPFO
1
Provident fund records
Directors on board
4
As per MCA filings
About Madhur Industries Limited
Data last updated:
Madhur Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 03 April 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51909GJ1973PLC002252. Its GSTIN is 24AABCM3786D1ZM (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (519279) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Shalin Vinitbhai Parikh (Managing Director) and Bhavna Vijaykumar Mehta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Madhur Complex Stadium Cross Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2026, the company reported a revenue of ₹19 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹27 Lakh (net margin -142.1%) and EBITDA of -₹37 Lakh (EBITDA margin -194.7%).
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Madhur Industries. Court records list 100 cases involving the company, including 10 filed by the company and 90 filed against it; 5 cases are pending. The company has 81 deals on record (81 market trades); the latest was in April 2025.
Madhur Industries Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0147791). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhur.co.
Company details
CIN L51909GJ1973PLC002252
Registration Number 002252
Incorporation Date 03 April 1973
ROC Ahmedabad
Listing Status Listed - Suspended on BSE (519279)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0147791
CIN history
Madhur Industries has one previous CIN (Corporate Identification Number): U51909GJ1973PLC002252. The current CIN is L51909GJ1973PLC002252, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909GJ1973PLC002252 | Current |
| U51909GJ1973PLC002252 | Previous |
Key People
Shalin Vinitbhai Parikh Managing Director Bhavna Vijaykumar Mehta Director Narendra Ishwarsinh Chavda Additional Director Recognitions & Rankings of Madhur Industries
Contact details
Madhur Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is madhur.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMadhur Complex Stadium Cross Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryFood and Beverages, Spice Manufacturing & Distribution, Instant & Ready-to-Eat Foods
To see the full contact details of Madhur Industries Limited, buy the company report.
Comprehensive company report
Madhur Industries Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Madhur Industries operates one associated brand: Madhur Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces, sells, and exports food products | madhur.co |
Financials of Madhur Industries Limited
FY 2026 filings availableMadhur Industries Limited reported revenue of ₹19 Lakh (up 9997% YoY) for FY 2026.
Revenue · FY 2026
₹19 Lakh ▲ 9997%
Net loss · FY 2026
₹27 Lakh margin -142.1%
EBITDA · FY 2026
-₹37 Lakh margin -194.7%
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -194.7% | ||||
| Net Profit Margin | -142.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Madhur Industries Limited, buy the company report.
Board of directors of Madhur Industries Limited
Madhur Industries has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavna Vijaykumar Mehta | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Shalin Vinitbhai Parikh Also directs: Gujarat Home Products Pvt Ltd | Managing Director | 01 Apr 2000 | 26 Years 7 Months | Current |
| Narendra Ishwarsinh Chavda Also directs: Parikh Spice Products Pvt Ltd, Madhur Super Market Pvt Ltd, Gujarat Kirana Pvt Ltd and 2 more | Additional Director | 31 Mar 2022 | 4 Years 7 Months | Current |
| Keval Rajeshbhai Parikh Also directs: Parikh Spice Products Pvt Ltd, Madhur Super Market Pvt Ltd, Gujarat Kirana Pvt Ltd and 2 more | Director | 05 Sep 2024 | 2 Years 2 Months | Current |
Auditor
Madhur Industries Limited is audited by RAHUL KAKANI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAHUL KAKANI & ASSOCIATES | FY 2023 | 130198W |
Shareholding
The shareholding of Madhur Industries Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhur Industries Limited, buy the company report.
Deals & funding
Madhur Industries Limited has 81 deals on record (81 market trades); the latest was in April 2025.
Total deals
81
Market trades
81
Deals on record (5 of 81)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Market trade | ₹2 Lakh | Buyer: an individual Seller: an individual |
| Mar 2025 | Market trade | ₹1.3 Lakh | Buyer: an individual |
| Jun 2023 | Market trade | ₹2.2 Lakh | Buyer: Bankimchandra Rameshkumar Jain Seller: an individual |
| Jun 2023 | Market trade | ₹2.4 Lakh | Buyer: an individual |
| Nov 2010 | Market trade | ₹68 Lakh | Buyer: an individual Seller: Adit Mercantiles Private Limited , an individual |
To see the full deal history of Madhur Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Madhur Industries Limited has 100 court cases on record: 10 filed by Madhur Industries, 90 filed against it. 5 cases are pending and 95 are disposed.
Total cases
100
Filed by the company
10
Filed against the company
90
Pending
5
Disposed
95
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 88 | 84 | 5 |
| High courts | 10 | 5 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Appeal | Filed against the company by Gravity India Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Meridian Shipping Agency Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SPCS COMP) | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of Madhur Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madhur Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Madhur Industries Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Madhur Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM3786D1ZM | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhur Industries Limited, buy the company report.
Recent activity
Madhur Industries Limited has 16 board changes on record since 1999: 10 appointments and 6 cessations. The latest: Keval Rajeshbhai Parikh was appointed as Director on 05 Sep 2024.
Filing
Madhur Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Madhur Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Keval Rajeshbhai Parikh was appointed as Director.
Ceased
Vinit Rameshchandra Parikh ceased to be Managing Director.
Ceased
Subhash Shersing Yadav ceased to be Director.
Appointed
Narendra Ishwarsinh Chavda was appointed as Additional Director.
Appointed
Subhash Shersing Yadav was appointed as Director.
Ceased
Vittala Domba Shetty ceased to be Director.
Appointed
Bhavna Vijaykumar Mehta was appointed as Director.
Ceased
Hiteshbhai Ramanlal Gandhi ceased to be Director.
Ceased
Bhartiben Vinitbhai Parikh ceased to be Director.
Appointed
Hiteshbhai Ramanlal Gandhi was appointed as Director.
7 earlier events are in the company report.
News
Frequently asked questions
Madhur Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 03 April 1973 (53+ years old) and is registered under CIN L51909GJ1973PLC002252.
Madhur Industries has 4 current directors:
- Shalin Vinitbhai Parikh - Managing Director
- Bhavna Vijaykumar Mehta - Director
- Narendra Ishwarsinh Chavda - Additional Director
- Keval Rajeshbhai Parikh - Director
The latest financial statements of Madhur Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhur Industries is 24AABCM3786D1ZM, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Madhur Industries is L51909GJ1973PLC002252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhur Industries is recorded as a listed company by MCA, but trading in its shares on BSE (519279) has been suspended, so they do not currently trade on a stock exchange.
Madhur Industries has 100 court cases on record: 10 filed by the company and 90 filed against it. 5 are pending. Most are in the district courts.
Madhur Industries was incorporated on 03 April 1973, making it 53+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Madhur Industries has 81 deals on record (81 market trades); the latest was in April 2025.
Keval Rajeshbhai Parikh was appointed as Director on 05 Sep 2024. Vinit Rameshchandra Parikh ceased to be Managing Director on 26 Jan 2024. Subhash Shersing Yadav ceased to be Director on 14 Oct 2022. Madhur Industries has 16 board changes on record in total.
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