DPIIT recognised startup Government of India
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Masters Waste Care Projects Private Limited
Masters Waste Care Projects Private Limited - recycling & waste management in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹29.13 Lakh
▼ 31% YoY
Net profit · FY 2024
₹71,450
Net margin 2.5%
EBITDA · FY 2024
₹2.1 Lakh
EBITDA margin 7.2%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Masters Waste Care Projects Private Limited
Data last updated:
Masters Waste Care Projects Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the sanitation segment of the recycling and waste management sector. It was incorporated on 08 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U90009MP2018PTC045741. Its GSTIN is 23AALCM8212E1ZP (Madhya Pradesh).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramphool Pathak and Ramnarayan Sharma.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 90 Tirumala Greens Nipaniya, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.13 Lakh, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹71,450 (net margin 2.5%) and EBITDA of ₹2.1 Lakh (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 2% over five years.
Masters Waste Care Projects Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0038210). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U90009MP2018PTC045741
Registration Number 045741
Incorporation Date 08 May 2018
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0038210
Recognitions & Rankings of Masters Waste Care Projects
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-MP-23-0038210
Contact details
Masters Waste Care Projects Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address90 Tirumala Greens Nipaniya, Indore, Madhya Pradesh, India – 452010
- IndustryRecycling & Waste Management, Sanitation, Sanitation Services, Sewage
To see the full contact details of Masters Waste Care Projects Private Limited, buy the company report.
Comprehensive company report
Masters Waste Care Projects Private 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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Business activity
The main business activity of Masters Waste Care Projects is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Masters Waste Care Projects Private Limited, buy the company report.
Financials of Masters Waste Care Projects Private Limited
FY 2024 filings availableMasters Waste Care Projects Private Limited reported revenue of ₹29.13 Lakh (down 31% YoY) for FY 2024.
Revenue · FY 2024
₹29.13 Lakh ▼ 31%
Net profit · FY 2024
₹71,450 margin 2.5%
EBITDA · FY 2024
₹2.1 Lakh margin 7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 41%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 122%
3 years · compounded
▼ 46%
5 years · compounded
▲ 27%
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 122% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.1 Lakh | ||||
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| Net Profit (PAT) | ₹71,450 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.2% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Masters Waste Care Projects Private Limited, buy the company report.
Board of directors of Masters Waste Care Projects Private Limited
Masters Waste Care Projects has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramphool Pathak | Director | 08 May 2018 | 8 Years 5 Months | Current |
| Ramnarayan Sharma | Director | 08 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Masters Waste Care Projects Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenaura Recycling Private Limited | ₹30.17 Lakh (FY 2025) | -77.0% | Haridwar, Uttarakhand, India | |||
| Greenscrap Advertisements Private Limited | ₹30 Lakh (FY 2024) | -24.0% | Delhi, India | |||
| Haven Bioplast Private Limited | ₹29.83 Lakh (FY 2023) | 2046.0% | Pune, Maharashtra, India | |||
| Kini Water Private Limited (OPC) | ₹29.14 Lakh (FY 2024) | -34.0% | Bangalore, Karnataka, India | |||
| Simran Recyclings Private Limited | ₹29.13 Lakh (FY 2024) | 47.0% | Saharanpur, Uttar Pradesh, India | |||
| Masters Waste Care Projects Private Limitedthis company | ₹29.13 Lakh (FY 2024) | ₹71,450 | 2.5% | -31.0% | Indore, Madhya Pradesh, India | |
| Reverse E-Commerce Private Limited | ₹28.84 Lakh (FY 2024) | -63.0% | Mumbai, Maharashtra, India | |||
| Spandana Engineering and Multiprojects Private Limited | ₹28.59 Lakh (FY 2023) | -53.0% | Puri, Odisha, India | |||
| Packyware Private Limited | ₹28.48 Lakh (FY 2025) | -10.0% | Delhi, India | |||
| Neogreen Vasundhara Solutions Private Limited | ₹28.29 Lakh (FY 2025) | 9489.0% | Indore, Madhya Pradesh, India | |||
| Bless N Bliss Foundation | ₹28.22 Lakh (FY 2025) | -31.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Masters Waste Care Projects Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Masters Waste Care Projects Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Masters Waste Care Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Masters Waste Care Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AALCM8212E1ZP | Madhya Pradesh | Active | 15 Sep 2018 |
To see the full GST registrations and return filing status of Masters Waste Care Projects Private Limited, buy the company report.
Recent activity
Masters Waste Care Projects Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Bhagirath Rathore ceased to be Director on 31 Aug 2019.
AGM
Masters Waste Care Projects Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Masters Waste Care Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Ceased
Bhagirath Rathore ceased to be Director.
Appointed
Ramnarayan Sharma was appointed as Director.
Appointed
Ramphool Pathak was appointed as Director.
Incorporation
08 May 2018
Masters Waste Care Projects Private Limited was registered on 08 May 2018 with Roc Gwalior & aged 8 years 5 months as per MCA records.
Frequently asked questions
Masters Waste Care Projects is an active private limited company based in Indore, Madhya Pradesh, India. The company works in sanitation, within the recycling and waste management industry. It was incorporated on 08 May 2018 (8+ years old) and is registered under CIN U90009MP2018PTC045741.
Masters Waste Care Projects has 2 current directors:
- Ramphool Pathak - Director
- Ramnarayan Sharma - Director
The latest financial statements of Masters Waste Care Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Masters Waste Care Projects is 23AALCM8212E1ZP, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Masters Waste Care Projects is U90009MP2018PTC045741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Masters Waste Care Projects was incorporated on 08 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Masters Waste Care Projects by revenue are Greenaura Recycling Private Limited, Greenscrap Advertisements Private Limited, Haven Bioplast Private Limited, Kini Water Private Limited (OPC), Simran Recyclings Private Limited and 5 more, all in the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Bhagirath Rathore ceased to be Director on 31 Aug 2019. Ramnarayan Sharma was appointed as Director on 08 May 2018. Ramphool Pathak was appointed as Director on 08 May 2018.
Yes, Masters Waste Care Projects is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Masters Waste Care Projects is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0038210).
The registered office of Masters Waste Care Projects is at 90 Tirumala Greens Nipaniya, Indore, Madhya Pradesh, India – 452010.