DPIIT recognised startup Government of India
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Optify Industrial Solutions Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.02 Lakh
▼ 90% YoY
Net loss · FY 2024
₹29.2 Lakh
Latest filing
EBITDA · FY 2024
-₹28.75 Lakh
Latest filing
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Optify Industrial Solutions Private Limited
Data last updated:
Optify Industrial Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 03 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31909MH2019PTC319042. Its GSTIN is 27AACCO8491Q1ZI (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Piyush Mukund Patil (Managing Director) and Mukund Narayan Patil.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No.1 1st Floor Arihant Enclave Ashok Nagar Kandivali East, Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.02 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹29.2 Lakh and EBITDA of -₹28.75 Lakh. Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 91% over five years.
The company is associated with 1 brand: Optify Industrial Solutions.
Optify Industrial Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0079374). For more details, the company can be reached via its website optifysolutions.com.
Company details
CIN U31909MH2019PTC319042
Registration Number 319042
Incorporation Date 03 January 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0079374
Recognitions & Rankings of Optify Industrial Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0079374
Contact details
Optify Industrial Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is optifysolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No.1 1st Floor Arihant Enclave Ashok Nagar Kandivali East, Mumbai, Maharashtra, India – 400101
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Optify Industrial Solutions Private Limited, buy the company report.
Comprehensive company report
Optify Industrial Solutions 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
Optify Industrial Solutions operates one associated brand: Optify Industrial Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of digital sensors | optifysolutions.com |
Financials of Optify Industrial Solutions Private Limited
FY 2025 filings availableOptify Industrial Solutions Private Limited reported revenue of ₹2.02 Lakh (down 90% YoY) for FY 2024.
Revenue · FY 2024
₹2.02 Lakh ▼ 90%
Net loss · FY 2024
₹29.2 Lakh
EBITDA · FY 2024
-₹28.75 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 90%
3 years · compounded
▼ 42%
5 years · compounded
▲ 91%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 30%
5 years · compounded
▼ 67%
Revenue fell 90% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 91%. EBITDA fell 37% 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 | -₹28.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹29.2 Lakh | ||||
| Balance Sheet | |||||
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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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To see the full financial statements and ratios of Optify Industrial Solutions Private Limited, buy the company report.
Board of directors of Optify Industrial Solutions Private Limited
Optify Industrial Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Mukund Patil | Managing Director | 03 Jan 2019 | 7 Years 9 Months | Current |
| Mukund Narayan Patil | Additional Director | 15 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Optify Industrial Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arkey Stamping Industries Pvt Ltd | ₹2.16 Lakh (FY 2024) | Haryana, India | ||||
| Galin International Private Limited | ₹2.11 Lakh (FY 2023) | -5.0% | Mahavir Enclave, Delhi, India | |||
| Optify Industrial Solutions Private Limitedthis company | ₹2.02 Lakh (FY 2024) | -₹29.2 Lakh | -90.0% | Mumbai, Maharashtra, India | ||
| B.B.N. Auto Engineers Pvt Ltd | ₹2 Lakh (FY 2024) | 38.0% | Punjab, India |
To see the full peer comparison of Optify Industrial Solutions Private Limited, buy the company report.
Auditor
Optify Industrial Solutions Private Limited is audited by B S M & CO LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S M & CO LLP | FY 2021 | 111836W |
Shareholding
The shareholding of Optify Industrial Solutions Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Optify Industrial Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Optify Industrial Solutions 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 Optify Industrial Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Optify Industrial Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCO8491Q1ZI | Maharashtra | Active | 22 Mar 2019 |
To see the full GST registrations and return filing status of Optify Industrial Solutions Private Limited, buy the company report.
Recent activity
Optify Industrial Solutions Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Mukund Narayan Patil was appointed as Additional Director on 15 Oct 2022.
AGM
Optify Industrial Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Optify Industrial Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Mukund Narayan Patil was appointed as Additional Director.
Ceased
Nilay Mukundbhai Shah ceased to be Whole-Time Director.
Appointed
Piyush Mukund Patil was appointed as Managing Director.
Incorporation
03 Jan 2019
Optify Industrial Solutions Private Limited was registered on 03 Jan 2019 with Roc Mumbai I & aged 7 years 9 months as per MCA records.
Frequently asked questions
Optify Industrial Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 03 January 2019 (7+ years old) and is registered under CIN U31909MH2019PTC319042.
Optify Industrial Solutions has 2 current directors:
- Piyush Mukund Patil - Managing Director
- Mukund Narayan Patil - Additional Director
The latest financial statements of Optify Industrial Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Optify Industrial Solutions is 27AACCO8491Q1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Optify Industrial Solutions is U31909MH2019PTC319042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Optify Industrial Solutions was incorporated on 03 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Optify Industrial Solutions by revenue are Arkey Stamping Industries Pvt Ltd, Galin International Private Limited, B.B.N. Auto Engineers Pvt Ltd, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mukund Narayan Patil was appointed as Additional Director on 15 Oct 2022. Nilay Mukundbhai Shah ceased to be Whole-Time Director on 15 Oct 2022. Piyush Mukund Patil was appointed as Managing Director on 03 Jan 2019.
Yes, Optify Industrial Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Optify Industrial Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0079374).
Optify Industrial Solutions can be reached through the website optifysolutions.com. Its registered office is in Mumbai, Maharashtra, India.