DPIIT recognised startup Government of India
Startup India
Tergus Works Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.02 Cr
▲ 8% YoY
Net loss · FY 2025
₹1.82 Lakh
Net margin -1.8%
EBITDA · FY 2025
₹1.43 Lakh
EBITDA margin 1.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5.25 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Tergus Works Private Limited
Data last updated:
Tergus Works Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 28 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U19115MH2017PTC291800. Its GSTIN is 27AAGCT1300D1ZY (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.25 Lakh. It is led by directors Deepesh Mahendra Mehta and Divej Deepesh Mehta.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.02 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹1.82 Lakh (net margin -1.8%) and EBITDA of ₹1.43 Lakh (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 11% over five years.
Tergus Works Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0082207). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website byinmate.com.
Company details
CIN U19115MH2017PTC291800
Registration Number 291800
Incorporation Date 28 February 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0082207
Recognitions & Rankings of Tergus Works
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0082207
Contact details
Tergus Works Private Limited's registered office is in Mumbai, Maharashtra. Its website is byinmate.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFloor – 1 Plot – 68 Bhartiya Krida Mandir Sewree Wadala Road No 24 Sahakar Nagar, Wadala, Mumbai, Maharashtra, India – 400031
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Tergus Works Private Limited, buy the company report.
Comprehensive company report
Tergus Works 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Tergus Works is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Tergus Works Private Limited, buy the company report.
Financials of Tergus Works Private Limited
FY 2025 filings availableTergus Works Private Limited reported revenue of ₹1.02 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹1.02 Cr ▲ 8%
Net loss · FY 2025
₹1.82 Lakh margin -1.8%
EBITDA · FY 2025
₹1.43 Lakh margin 1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 22%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 66%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 8% growth in the latest year. EBITDA fell 63% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.82 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | -1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Tergus Works Private Limited, buy the company report.
Board of directors of Tergus Works Private Limited
Tergus Works has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepesh Mahendra Mehta | Director | 28 Feb 2017 | 9 Years 8 Months | Current |
| Divej Deepesh Mehta | Director | 28 Feb 2017 | 9 Years 8 Months | Current |
Peer comparison
Tergus Works Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Divyam Leather Crafts Private Limited | ₹1.13 Cr (FY 2025) | 73.0% | Kolhapur, Maharashtra, India | |||
| Tergus Works Private Limitedthis company | ₹1.02 Cr (FY 2025) | -₹1.82 Lakh | -1.8% | 8.0% | Mumbai, Maharashtra, India | |
| Pakke Dhagge Private Limited | ₹1.01 Cr (FY 2023) | 150.0% | New Delhi, Delhi, India | |||
| Penguin Colours Private Limited | ₹99.13 Lakh (FY 2024) | 16.0% | Walajapet, Tamil Nadu, India | |||
| Infini Designs Private Limited | ₹94.27 Lakh (FY 2025) | 137.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Tergus Works Private Limited, buy the company report.
Auditor
Tergus Works Private Limited is audited by K C NANAVATI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C NANAVATI & CO | FY 2020 | 106853W |
Shareholding
The shareholding of Tergus Works Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Tergus Works Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Tergus Works 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 Tergus Works Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tergus Works has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCT1300D1ZY | Maharashtra | Active | 14 Jul 2017 |
| 33AAGCT1300D1Z5 | Tamil Nadu | Active | 02 Mar 2021 |
To see the full GST registrations and return filing status of Tergus Works Private Limited, buy the company report.
Recent activity
Tergus Works Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Deepesh Mahendra Mehta was appointed as Director on 28 Feb 2017.
AGM
Tergus Works Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Tergus Works Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Deepesh Mahendra Mehta was appointed as Director.
Appointed
Divej Deepesh Mehta was appointed as Director.
Incorporation
28 Feb 2017
Tergus Works Private Limited was registered on 28 Feb 2017 with Roc Mumbai & aged 9 years 8 months as per MCA records.
Frequently asked questions
Tergus Works is an active private limited company based in Mumbai, Maharashtra, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 28 February 2017 (9+ years old) and is registered under CIN U19115MH2017PTC291800.
Tergus Works has 2 current directors:
- Deepesh Mahendra Mehta - Director
- Divej Deepesh Mehta - Director
The latest financial statements of Tergus Works 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 2017 are in the company report.
The GSTIN of Tergus Works is 27AAGCT1300D1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAGCT1300D1Z5 (Tamil Nadu).
The CIN (Corporate Identification Number) of Tergus Works is U19115MH2017PTC291800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tergus Works was incorporated on 28 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Tergus Works by revenue are Divyam Leather Crafts Private Limited, Pakke Dhagge Private Limited, Penguin Colours Private Limited, Infini Designs Private Limited, all in the Consumer Products industry (Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Deepesh Mahendra Mehta was appointed as Director on 28 Feb 2017. Divej Deepesh Mehta was appointed as Director on 28 Feb 2017.
Yes, Tergus Works is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Tergus Works is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0082207).
Tergus Works can be reached through the website byinmate.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages