About MF Utilities India Private Limited
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MF Utilities India Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 04 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2013PTC242939. Its GSTIN is 27AAICM7270R1ZL (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.25 Cr. It is led by directors including Ganeshram Nagarajan (Managing Director) and Suresh Subramanian.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 103 – 105 Orion Business Park 1st Floor Kapurbawdi Ghodbunder Road Thane West, Maharashtra, India – 400607.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.22 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹3.79 Cr (net margin 13.9%) and EBITDA of ₹5.55 Cr (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed against it. The company has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹4.67 Cr; the latest was in July 2025. Its 4 peer companies in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 2 smaller; the largest is Hinduja Leyland Finance Limited with revenue of ₹27.43 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mfuindia.com.
Company details
Contact details
MF Utilities India Private Limited's registered office is in Thane, Maharashtra. Its website is mfuindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address103 – 105 Orion Business Park 1st Floor Kapurbawdi Ghodbunder Road Thane West, Maharashtra, India – 400607
- IndustryInternet, Online Financial Services
To see the full contact details of MF Utilities India Private 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
Business activity
The main business activity of MF Utilities India is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of MF Utilities India Private Limited, buy the company report.
Financials of MF Utilities India Private Limited
FY 2025 filings availableMF Utilities India Private Limited reported revenue of ₹27.22 Cr (up 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 51% growth 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 | ₹5.55 Cr | ||||
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| Net Profit (PAT) | ₹3.79 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 20.4% | ||||
| Net Profit Margin | 13.9% | ||||
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To see the full financial statements and ratios of MF Utilities India Private Limited, buy the company report.
Board of directors of MF Utilities India Private Limited
MF Utilities India has 14 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Subramanian | Director | 18 Aug 2023 | 3 Years 2 Months | Current |
| Ganeshram Nagarajan Also directs: Mfu Kra Private Limited | Managing Director | 03 May 2021 | 5 Years 5 Months | Current |
| Milind Subhash Nesarikar | Director | 03 May 2021 | 5 Years 5 Months | Current |
| Sameer Seksaria Also directs: Mfu Kra Private Limited | Director | 24 Dec 2021 | 4 Years 9 Months | Current |
| Keerti Rajesh Gupta | Director | 29 Apr 2015 | 11 Years 5 Months | Current |
| Hemant Agrawal | Director | 17 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
MF Utilities India Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hinduja Leyland Finance Limited | ₹27.43 Cr (FY 2022) | -34.0% | Mumbai, Maharashtra, India | |||
| Melker Finance and Leasing Private Limited | ₹27.35 Cr (FY 2024) | 9.0% | Chennai, Tamil Nadu, India | |||
| MF Utilities India Private Limitedthis company | ₹27.22 Cr (FY 2025) | ₹3.79 Cr | 13.9% | 51.0% | 43 | Thane, Maharashtra, India |
| Radico Khaitan Finance Limited | ₹26.68 Cr (FY 2021) | 876.0% | New Delhi, Delhi, India | |||
| Tara Pur Properties & Finance Private Limited | ₹26.58 Cr (FY 2025) | 102.0% | Kolkata, West Bengal, India |
To see the full peer comparison of MF Utilities India Private Limited, buy the company report.
Auditor
MF Utilities India Private Limited is audited by V. Sankar Aiyar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Sankar Aiyar & Co. | FY 2023 | 109208W |
Shareholding
The shareholding of MF Utilities India Private 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) | |||||
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| Others |
To see the full shareholding pattern of MF Utilities India Private Limited, buy the company report.
Deals & funding
MF Utilities India Private Limited has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹4.67 Cr; the latest was in July 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹99.3 Lakh | Investors: Capitalmind Asset Management Private Limited , Jio Blackrock Asset Management Private Limited |
| Mar 2025 | Funding round | ₹37.9 Lakh | Investors: Old Bridge Asset Management Private Limited |
| Jul 2023 | Funding round | ₹70.5 Lakh | Investors: Bajaj Finserv Asset Management Limited , Zerodha Asset Management Private Limited |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: NJ Asset Management Private Limited Seller: Principal Pnb Asset Management Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Whiteoak Capital Asset Management Limited Seller: Whiteoak Capital Asset Management Limited |
To see the full deal history of MF Utilities India Private 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
MF Utilities India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Essel Finance Amc Ltd. | Disposed |
| District court, Kandhamal, Odisha | Court case (Inst. Cases) | Filed against the company by an individual | Disposed |
To see the full case history of MF Utilities India Private 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 MF Utilities India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MF Utilities India Private Limited has a workforce of 43 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
MF Utilities India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM7270R1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MF Utilities India Private Limited, buy the company report.
Recent activity
MF Utilities India Private Limited has 40 board changes on record since 2014: 14 appointments and 26 cessations. The latest: Gop Kumar Bhaskaran was appointed as Director on 12 Sep 2025.
31 earlier events are in the company report.
News
Frequently asked questions
MF Utilities India is an active private limited company based in Thane, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 04 May 2013 (13+ years old) and is registered under CIN U74120MH2013PTC242939.
MF Utilities India has 14 current directors:
- Ganeshram Nagarajan - Managing Director
- Suresh Subramanian - Director
- Milind Subhash Nesarikar - Director
- Sameer Seksaria - Director
- Keerti Rajesh Gupta - Director
- Hemant Agrawal - Director
- Hemant Kumar - Director
- Swaminathan Srinivasan - Director
- Saurabh Manoj Nanavati - Director
- Kalpen Vijay Parekh - Director
- Krishnan Ramchandran - Director
- Venkat Nageswar Chalasani - Director
- Swarup Anand Mohanty - Director
- Gop Kumar Bhaskaran - Director
The latest financial statements of MF Utilities India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MF Utilities India is 27AAICM7270R1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of MF Utilities India is U74120MH2013PTC242939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MF Utilities India has 2 court cases on record: 2 filed against it. Most are in the district courts.
MF Utilities India was incorporated on 04 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
MF Utilities India has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹4.67 Cr; the latest was in July 2025.
The peers of MF Utilities India by revenue are Hinduja Leyland Finance Limited, Melker Finance and Leasing Private Limited, Radico Khaitan Finance Limited, Tara Pur Properties & Finance Private Limited, all in the Ecommerce and Internet industry (Finance), with the same principal business activity (other financial activities).
Gop Kumar Bhaskaran was appointed as Director on 12 Sep 2025. Swarup Anand Mohanty was appointed as Director on 12 Sep 2025. Venkat Nageswar Chalasani was appointed as Director on 12 Sep 2025. MF Utilities India has 40 board changes on record in total.
MF Utilities India can be reached through the website mfuindia.com. Its registered office is in Thane, Maharashtra, India.