Marathwada Development Corporation Limited
About Marathwada Development Corporation Limited
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Marathwada Development Corporation Limited is a private limited state government company based in Aurangabad, Maharashtra, India. It operates in the security and surveillance segment of the business services sector. It was incorporated on 22 August 1967 and has been in existence for over 59 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1967SGC013808. Its GSTIN is 27AABCM8809R1ZP (Maharashtra).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.17 Cr. It is led by directors including Balasaheb Trimbak Yeshwante (Managing Director) and Chetan Anandsing Girase.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vikas Bhavan Dr. Rajendra Prasad Road Adalat Road, Aurangabad, Maharashtra, India – 431001.
As per the financials filed for FY 2025, the company reported a revenue of ₹90.45 Lakh, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹48.99 Lakh (net margin 54.2%) and EBITDA of ₹61.65 Lakh (EBITDA margin 68.2%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 8% over five years.
Its group structure includes 7 subsidiaries.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Marathwada Development Corporation has one previous CIN (Corporate Identification Number): U74999MH1967PTC013808. The current CIN is U74999MH1967SGC013808, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1967SGC013808 | Current |
| U74999MH1967PTC013808 | Previous |
Contact details
Marathwada Development Corporation Limited's registered office is in Aurangabad, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVikas Bhavan Dr. Rajendra Prasad Road Adalat Road, Aurangabad, Maharashtra, India – 431001
- IndustryBusiness Services, Security & Surveillance
To see the full contact details of Marathwada Development Corporation Limited, buy the company report.
- 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
Financials of Marathwada Development Corporation Limited
FY 2025 filings availableMarathwada Development Corporation Limited reported revenue of ₹90.45 Lakh (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 46% growth in the latest year. EBITDA rose 128% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹61.65 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48.99 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 68.2% | ||||
| Net Profit Margin | 54.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Marathwada Development Corporation Limited, buy the company report.
Board of directors of Marathwada Development Corporation Limited
Marathwada Development Corporation has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasaheb Trimbak Yeshwante Also directs: Parbhani Krishi Gosanvardhan Limited, Dairy Development Corporation of Marathwada Limited, Ellora Milk Products Limited and 5 more | Managing Director | 05 Jun 2023 | 3 Years 5 Months | Current |
| Chetan Anandsing Girase | Director | 03 Nov 2022 | 4 Years 0 Months | Current |
| Karuna Vishwanath Kharat Also directs: Parbhani Krishi Gosanvardhan Limited, Dairy Development Corporation of Marathwada Limited, Ellora Milk Products Limited and 4 more | Director | 02 Jun 2018 | 8 Years 5 Months | Current |
Auditor
Marathwada Development Corporation Limited is audited by Joshi Kulkarni & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Joshi Kulkarni & Associates | FY 2023 | 122374W |
Shareholding
The shareholding of Marathwada Development Corporation Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marathwada Development Corporation Limited, buy the company report.
Legal cases
Marathwada Development Corporation Limited has 4 court cases on record: 1 filed by Marathwada Development Corporation, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by Bank of Maharashtra. | Disposed |
| Bombay High Court | Appeal | Filed by the company against Bank of Maharashtra, Aurangabad | Pending |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
| District court, Latur, Maharashtra | Court case (M.C.A.) | Filed against the company by an individual | Disposed |
To see the full case history of Marathwada Development Corporation 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 Marathwada Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Marathwada Development Corporation has 7 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Parbhani Krishi Gosanvardhan Limited | U01200MH1977SGC019531 | |
| Dairy Development Corporation of Marathwada Limited | U15200MH1974SGC017249 | |
| Ellora Milk Products Limited | U15200MH1979SGC020958 | |
| Godavari Garments Limited | U18101MH1977SGC019529 | |
| Leather Industries Corporation of Marathwada Limited | U19200MH1974SGC017248 | |
| Kinwat Roofing Tiles Limited | U26900MH1977SGC019530 |
To see the full group structure of Marathwada Development Corporation Limited, buy the company report.
GST
Marathwada Development Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM8809R1ZP | Maharashtra | Active | 15 Dec 2017 |
To see the full GST registrations and return filing status of Marathwada Development Corporation Limited, buy the company report.
Recent activity
Marathwada Development Corporation Limited has 19 board changes on record since 2011: 3 appointments and 16 cessations. The latest: Balasaheb Trimbak Yeshwante ceased to be Additional Director on 26 Sep 2023.
10 earlier events are in the company report.
Frequently asked questions
Marathwada Development Corporation is an active private limited state government company based in Aurangabad, Maharashtra, India. The company works in security and surveillance, within the business services industry. It was incorporated on 22 August 1967 (59+ years old) and is registered under CIN U74999MH1967SGC013808.
Marathwada Development Corporation has 3 current directors:
- Balasaheb Trimbak Yeshwante - Managing Director
- Chetan Anandsing Girase - Director
- Karuna Vishwanath Kharat - Director
The latest financial statements of Marathwada Development Corporation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marathwada Development Corporation is 27AABCM8809R1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Marathwada Development Corporation is U74999MH1967SGC013808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marathwada Development Corporation has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Marathwada Development Corporation was incorporated on 22 August 1967, making it 59+ years old. It is registered with the Registrar of Companies, Mumbai.
Balasaheb Trimbak Yeshwante ceased to be Additional Director on 26 Sep 2023. Chetan Anandsing Girase ceased to be Additional Director on 26 Sep 2023. Balasaheb Trimbak Yeshwante was appointed as Managing Director on 05 Jun 2023. Marathwada Development Corporation has 19 board changes on record in total.
The registered office of Marathwada Development Corporation is at Vikas Bhavan Dr. Rajendra Prasad Road Adalat Road, Aurangabad, Maharashtra, India – 431001.
Marathwada Development Corporation operates in the business services industry, in the security and surveillance segment.
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