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Miksar Foods Private Limited - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.07 Cr
▲ 31% YoY
Net loss · FY 2025
₹6.05 Cr
Net margin -148.8%
EBITDA · FY 2025
-₹5.76 Cr
EBITDA margin -141.5%
Authorised capital
₹3.16 Cr
Registered with MCA
Paid-up capital
₹2.44 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
35
Provident fund records
Directors on board
3
As per MCA filings
About Miksar Foods Private Limited
Data last updated:
Miksar Foods Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the flavouring and seasoning additives segment of the food and beverages sector. It was incorporated on 04 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15133MH2019PTC327631. Its GSTIN is 27AAMCM7884R1Z5 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3.16 Cr and a paid-up capital of ₹2.44 Lakh. It is led by directors including Kshitij Neelakantan and Arjun Rastogi.
Its last annual general meeting (AGM) was held on 05 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit/Gala No. 302 Bussa Heavy Industrial Estate Premises Co – Op. Society Ltd., Shankarrao Naram Path Off. G.K. Marg Lower Parel Mumbai 400013, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.07 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net loss of ₹6.05 Cr (net margin -148.8%) and EBITDA of -₹5.76 Cr (EBITDA margin -141.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 141% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Naagin Sauce. The company has 10 deals on record (5 convertible or debt financings, 5 funding rounds), with disclosed funding of ₹35.23 Cr; the latest was in May 2025. The company has 2 MSME Form 1 returns on record for the period ending Mar 2021, listing 16 overdue payments to 7 micro and small suppliers.
Miksar Foods Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0098848). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website naaginsauce.com.
Company details
CIN U15133MH2019PTC327631
Registration Number 327631
Incorporation Date 04 July 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0098848
Recognitions & Rankings of Miksar Foods
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0098848
Contact details
Miksar Foods Private Limited's registered office is in Mumbai, Maharashtra. Its website is naaginsauce.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit/Gala No. 302 Bussa Heavy Industrial Estate Premises Co – Op. Society Ltd., Shankarrao Naram Path Off. G.K. Marg Lower Parel Mumbai 400013, Maharashtra, India – 400013
- IndustryFood and Beverages, Flavouring & Seasoning Additives, Spice Manufacturing & Distribution
To see the full contact details of Miksar Foods Private Limited, buy the company report.
Comprehensive company report
Miksar Foods 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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Brands
Miksar Foods operates one associated brand: Naagin Sauce. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of Indian-style hot sauces and spice blends | naaginsauce.com |
Business activity
The main business activity of Miksar Foods is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Miksar Foods Private Limited, buy the company report.
Financials of Miksar Foods Private Limited
FY 2025 filings availableMiksar Foods Private Limited reported revenue of ₹4.07 Cr (up 31% YoY) for FY 2025.
Revenue · FY 2025
₹4.07 Cr ▲ 31%
Net loss · FY 2025
₹6.05 Cr margin -148.8%
EBITDA · FY 2025
-₹5.76 Cr margin -141.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 21%
5 years · compounded
▲ 141%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 41%
5 years · compounded
▼ 80%
Revenue has grown at a compounded annual rate (CAGR) of 141% over five years, including 31% growth in the latest year. EBITDA fell 44% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹5.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | -141.5% | ||||
| Net Profit Margin | -148.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Miksar Foods Private Limited, buy the company report.
Board of directors of Miksar Foods Private Limited
Miksar Foods has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kshitij Neelakantan | Director | 04 Jul 2019 | 7 Years 4 Months | Current |
| Arjun Rastogi | Director | 04 Jul 2019 | 7 Years 4 Months | Current |
| Mikhel Suresh Rajani Also directs: Noya Trade & Logistics LLP, Noya Beautyworks Private Limited | Director | 04 Jul 2019 | 7 Years 4 Months | Current |
Auditor
Miksar Foods Private Limited is audited by ABHISHEK ASHOK MEHTA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHISHEK ASHOK MEHTA | FY 2022 | 165275 |
Shareholding
The shareholding of Miksar Foods Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Miksar Foods Private Limited, buy the company report.
Deals & funding
Miksar Foods Private Limited has 10 deals on record (5 convertible or debt financings, 5 funding rounds), with disclosed funding of ₹35.23 Cr; the latest was in May 2025.
Total deals
10
Convertible or debt financings
5
Funding rounds
5
Disclosed funding
₹35.23 Cr
Deals on record (4 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Funding round | ₹1.26 Cr | Investors: 4 individuals |
| May 2025 | Funding round · Seed | ₹15 Cr | Investors: 360 ONE (IIFL Asset Management), Mumbai Angels |
| May 2023 | Funding round | ₹2.86 Cr | Investors: 4 individuals |
| Dec 2021 | Funding round | ₹3 Cr | Investors: 3 individuals |
To see the full deal history of Miksar Foods 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
No court or tribunal cases involving Miksar Foods 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
Miksar Foods Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2021, listing 16 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Janus International Private Limited | |||
| Greytip Software Private Limited | |||
| Comart Lithographers Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Miksar Foods Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Miksar Foods Private Limited has a workforce of 35 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
35
Active EPFO establishments
1
Employee growth
9.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 35 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Miksar Foods Private Limited, buy the company report.
GST
Miksar Foods has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM7884R1Z5 | Maharashtra | Active | 30 Aug 2019 |
| 29AAMCM7884R1Z1 | Karnataka | Active | 17 Aug 2020 |
To see the full GST registrations and return filing status of Miksar Foods Private Limited, buy the company report.
Recent activity
Miksar Foods Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Arjun Rastogi was appointed as Director on 04 Jul 2019.
AGM
Miksar Foods Private Limited last Annual general meeting of members was held on 05 Nov 2025 as per latest MCA records.
Filing
Miksar Foods Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Arjun Rastogi was appointed as Director.
Appointed
Kshitij Neelakantan was appointed as Director.
Appointed
Mikhel Suresh Rajani was appointed as Director.
Incorporation
04 Jul 2019
Miksar Foods Private Limited was registered on 04 Jul 2019 with Roc Mumbai I & aged 7 years 4 months as per MCA records.
News
Frequently asked questions
Miksar Foods is an active private limited company based in Mumbai, Maharashtra, India. The company works in flavouring and seasoning additives, within the food and beverages industry. It was incorporated on 04 July 2019 (7+ years old) and is registered under CIN U15133MH2019PTC327631.
Miksar Foods has 3 current directors:
- Kshitij Neelakantan - Director
- Arjun Rastogi - Director
- Mikhel Suresh Rajani - Director
The latest financial statements of Miksar Foods on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 November 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Miksar Foods is 27AAMCM7884R1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAMCM7884R1Z1 (Karnataka).
The CIN (Corporate Identification Number) of Miksar Foods is U15133MH2019PTC327631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miksar Foods was incorporated on 04 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Miksar Foods has 10 deals on record (5 convertible or debt financings, 5 funding rounds), with disclosed funding of ₹35.23 Cr; the latest was in May 2025.
Arjun Rastogi was appointed as Director on 04 Jul 2019. Kshitij Neelakantan was appointed as Director on 04 Jul 2019. Mikhel Suresh Rajani was appointed as Director on 04 Jul 2019.
Yes, Miksar Foods is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Miksar Foods is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0098848).
Miksar Foods has 2 MSME Form 1 returns on record for the period ending Mar 2021, listing 16 overdue payments to 7 micro and small suppliers. The latest return was filed on 16 Oct 2021.
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