Starways Precisions Private Limited
About Starways Precisions Private Limited
Data last updated:
Starways Precisions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 16 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29299PN2005PTC021701. Its GSTIN is 27AAJCS5382B1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sonal Rajiv Shah (Whole-Time Director) and Aayushi Rajiv Shah.
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 A – 18 MIDC Villagemahalunge Chakan District. Pune, Maharashtra, India – 410501.
As per the financials filed for FY 2024, the company reported a revenue of ₹86.68 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.53 Cr (net margin 1.8%) and EBITDA of ₹2.29 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 10% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2013. Its 3 peer companies in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Approcopp Engineering Private Limited with revenue of ₹86.89 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Starways Precisions Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 18 MIDC Villagemahalunge Chakan District. Pune, Maharashtra, India – 410501
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Starways Precisions 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 Starways Precisions is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Starways Precisions Private Limited, buy the company report.
Financials of Starways Precisions Private Limited
FY 2025 filings availableStarways Precisions Private Limited reported revenue of ₹86.68 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 20% growth in the latest year. EBITDA rose 19% 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 | ₹2.29 Cr | ||||
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| Net Profit (PAT) | ₹1.53 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 1.8% | ||||
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To see the full financial statements and ratios of Starways Precisions Private Limited, buy the company report.
Board of directors of Starways Precisions Private Limited
Starways Precisions has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aayushi Rajiv Shah | Director | 01 Jun 2021 | 5 Years 5 Months | Current |
| Simran Rajiv Shah | Director | 01 Jun 2021 | 5 Years 5 Months | Current |
| Vinod Mangaldas Shah | Director | 16 Dec 2005 | 20 Years 10 Months | Current |
| Sonal Rajiv Shah | Whole-Time Director | 16 Dec 2005 | 20 Years 10 Months | Current |
Peer comparison
Starways Precisions Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Approcopp Engineering Private Limited | ₹86.89 Cr (FY 2025) | 64.0% | Jalna, Maharashtra, India | |||
| Starways Precisions Private Limitedthis company | ₹86.68 Cr (FY 2024) | ₹1.53 Cr | 1.8% | 20.0% | 50 | Pune, Maharashtra, India |
| Electronica Tungsten Limited | ₹86.56 Cr (FY 2025) | -3.0% | Sinnar, Maharashtra, India | |||
| Sagar Springs Pvt Ltd | ₹86.56 Cr (FY 2025) | 1.0% | Halol, Gujarat, India |
To see the full peer comparison of Starways Precisions Private Limited, buy the company report.
Auditor
Starways Precisions Private Limited is audited by PGMJ AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PGMJ AND ASSOCIATES | FY 2023 | 116940 |
Shareholding
The shareholding of Starways Precisions 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Starways Precisions Private Limited, buy the company report.
Deals & funding
Starways Precisions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Starways Precisions Private Limited has 2 court cases on record: 2 filed by Starways Precisions. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Tork Motors Private Limited Through Its Directors Kapil Chandrakant Shelke and 4 others | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Tork Motors Private Limited Through Its Directors Kapil Chandrakant Shelke and 4 others | Disposed |
To see the full case history of Starways Precisions 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 Starways Precisions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Starways Precisions Private Limited has a workforce of 50 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Starways Precisions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCS5382B1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Starways Precisions Private Limited, buy the company report.
Recent activity
Starways Precisions Private Limited has 6 board changes on record since 2005: 4 appointments and 2 cessations. The latest: Indira Vinodbhai Shah ceased to be Director on 19 Sep 2024.
Frequently asked questions
Starways Precisions is an active private limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 16 December 2005 (21+ years old) and is registered under CIN U29299PN2005PTC021701.
Starways Precisions has 4 current directors:
- Sonal Rajiv Shah - Whole-Time Director
- Aayushi Rajiv Shah - Director
- Simran Rajiv Shah - Director
- Vinod Mangaldas Shah - Director
The latest financial statements of Starways Precisions 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 2015 are in the company report.
The GSTIN of Starways Precisions is 27AAJCS5382B1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Starways Precisions is U29299PN2005PTC021701. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starways Precisions has 2 court cases on record: 2 filed by the company. 1 is pending.
Starways Precisions was incorporated on 16 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
Starways Precisions has 1 deal on record (1 secondary share transfer); the latest was in March 2013.
The peers of Starways Precisions by revenue are Approcopp Engineering Private Limited, Electronica Tungsten Limited, Sagar Springs Pvt Ltd, all in the Automobiles industry (Auto Ancillary, Tools and Components), with the same principal business activity (metal and metal products).
Indira Vinodbhai Shah ceased to be Director on 19 Sep 2024. Aayushi Rajiv Shah was appointed as Director on 01 Jun 2021. Simran Rajiv Shah was appointed as Director on 01 Jun 2021. Starways Precisions has 6 board changes on record in total.
The registered office of Starways Precisions is at A – 18 MIDC Villagemahalunge Chakan District. Pune, Maharashtra, India – 410501.
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