About MAS Industries
MAS Industries is a Business Services company based in Navi Mumbai (India) founded in 2003, and was acquired by Dorman Products in October 2017. Elevator components are manufactured and exported by MAS Industries. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. MAS Industries has raised $3.96 million across 2 funding rounds from investors including Dorman Products. The company has 238 employees. MAS Industries has completed 1 acquisition, including Maître Pierre. Its Indian entity Mas Industries Private Limited reported revenue of ₹427 Cr. MAS Industries offers products and services including Passenger Elevators, Hydraulic Lifts, and Home Elevators. Its focus areas include Industrial Goods, Machinery and Elevator and Escalator Manufacturing.
Company details
MAS Industries is established as a prominent manufacturer and exporter of elevator components and systems in India. The company is engaged in the design, development, manufacturing, and distribution of a wide range of lifts, including passenger elevators, hydraulic lifts, home elevators, hospital elevators, and dumbwaiters. Operations are focused on providing customized solutions tailored to client needs across various sectors such as residential, commercial, and industrial. High technology solutions are integrated to ensure safety and efficiency. The company is also involved in after-sales service, emphasizing trust, reliability, and quality. Export activities are extended to over 20 countries across Europe, Asia, the Middle East, and Africa.
- Headquarters Navi Mumbai, India
- Employees 238
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website masind.net
- Social LinkedIn Facebook Instagram YouTube
- Acquired by Dorman Products (Oct 2017)
- Legal Name Mas Industries Pvt. Ltd.
- Date of Incorporation 18 Sep, 2003
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹427 Cr
FY 2024 · +28% YoY
- Net Profit₹22.09 Cr
FY 2024 · 5% margin
- EBITDA₹35.47 Cr
FY 2024 · 8% margin
- Total Equity Funding$3.96M (USD)
in 2 rounds
- Latest Funding Round$808.55K (USD), Angel Round
Nov 2024
- Investors
- Employee Count238
- Investments & Acquisitions
- Acquired byDorman Products
(Oct 2017)
Associated legal entities of MAS Industries
MAS Industries operates through Mas Industries Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mas Industries Private Limited CIN U31900MH2003PTC142266 | Active | 18 Sep 2003 | Mumbai, Maharashtra | ₹427 Cr | 238 | 4 | View details |
Products & Services of MAS Industries
MAS Industries offers a comprehensive portfolio of products and services, including Passenger Elevators, Hydraulic Lifts, and Home Elevators.
Passenger elevators are designed for safe vertical transportation.
Hydraulic lifts are built for specific building requirements.
Home elevators are crafted for residential vertical mobility.
Apps and channels of MAS Industries
its YouTube channel MAS Industries Pvt. Ltd. has 1.49K subscribers and 30 videos.
Videos from MAS Industries
The most watched videos on MAS Industries's YouTube channel, MAS Industries Pvt. Ltd. (1.49K subscribers). Click a video to play it here.
More on MAS Industries Pvt. Ltd..
Funding Insights of MAS Industries
MAS Industries has successfully raised a total of $3.96M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $808.55 thousand completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.96M
- Total Rounds 2
- Last Round Angel Round — $808,552
- First Round $3.15M
(May 2024)
All 2 funding rounds of MAS Industries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2024 | $808,552 | Angel Round | – | – | – |
| May 2024 | $3.15M | Angel Round | – | – | – |
1 investors in total: 1 institutional.
Investors in MAS Industries
MAS Industries has secured backing from 1 investor. Prominent investors backing the company include Dorman Products.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Original equipment manufacturer for the automotive industry | 1918 | dormanproducts.com | Colmar, France |
Investor details for MAS Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Mas Industries Private Limited (MAS Industries)
Mas Industries Private Limited is the primary company behind MAS Industries. The board of Mas Industries Private Limited currently have 4 directors; the longest-serving is Mahmood Mazhar Kazi, appointed in 2003. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahmood Mazhar Kazi DIN 00671757 | Director | 18 Sep 2003 | 23 yrs 1 mo | Mas Industries Private Limited |
| Mudassar Mukadam Mohd Aslam DIN 00671933 | Director | 18 Sep 2003 | 23 yrs 1 mo | Mas Industries Private Limited |
| Mohd Mukadam Aslam Abdul Gafoor DIN 00671818 | Director | 18 Sep 2003 | 23 yrs 1 mo | Mas Industries Private Limited |
| Ammar Mohamed Aslam Mukadam DIN 08393751 | Director | 01 Apr 2019 | 7 yrs 7 mo | Mas Industries Private Limited |
People of MAS Industries
1 people are tracked at MAS Industries (1 in leadership); the tracked headcount is 238.
| Name | Role | Group |
|---|---|---|
Aslam Mukaddam | Managing Director | Leadership |
Complete people profiles for MAS Industries
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Financials of MAS Industries
Figures of Mas Industries Private Limited, the primary company behind MAS Industries, for FY 2024. Revenue was ₹427 Cr (+28% year on year). Net profit was ₹22.09 Cr (5% margin). EBITDA was ₹35.47 Cr (8% margin). Revenue has grown at a compounded annual rate of +36% over three years and +40% over five years.
- ₹427 CrRevenue · FY 2024 · +28% YoY
- ₹22.09 CrNet profit · 5% margin
- ₹35.47 CrEBITDA · 8% margin
- ₹52.5 LakhPaid-up capital
- 238Employees (provident fund records)
- +36%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mas Industries Private Limited are on its company page.
Detailed financial statements for MAS Industries
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by MAS Industries
MAS Industries has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Maître Pierre.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A company under construction, based in Sarrebourg, France. | maitrepierre.com | Sarrebourg, France | 0 | Feb 2024 | •••• |
Complete acquisition details for MAS Industries
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- Acquired stakes
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- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MAS Industries
5 dated milestones of MAS Industries across 21 years, from founding to its latest funding, stage changes and deals.
- Founded MAS Industries is founded.
- Exit Acquired by Dorman Products.
- Acquisition Acquires Maître Pierre.
- Funding First funding round of $3.2M.
- Funding Latest funding round, Angel Round, of $809K.
Web traffic of MAS Industries
The website of MAS Industries (masind.net) receives about 4.9K visits a month.
- Monthly visits4.9K
▼ 7.3% vs previous month
Websites whose visitors overlap most with MAS Industries. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trioelevators.com | 100% | 1.7K | #9,679,346 | View details | |
bluestarelevator.com | bluestarelevator.com | 99% | #11,184,385 | – | |
gemelevator.com | gemelevator.com | 95% | – | ||
topindiaelevator.com | topindiaelevator.com | 94% | – | ||
| cooperelevators.com | 88% | #15,246,689 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for MAS Industries
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- 9 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Facility & Event Management Services
2 companies that operate in the same segment as MAS Industries (Facility & Event Management Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of facility & project management, advisory, general contracting, and real estate development services | 2010 | Mumbai, Maharashtra, India | USD 117.79 M | USD 151.22 M | 25,611 | |
Security solutions and business support services are provided globally. | 1998 | Delhi, Delhi, India | USD 54.68 M | USD 1.7 B | 179,689 |
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Frequently Asked Questions about MAS Industries
MAS Industries was founded in 2003 and raised its 1st funding round 21 years after it was founded.
MAS Industries is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
MAS Industries is a funded company, having raised a total of $3.96M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $3.15M, raised on May 2024.
MAS Industries has 238 employees.
The primary company behind MAS Industries, Mas Industries Private Limited, reported revenue of ₹427 Cr for FY 2024, up 28% year on year.
MAS Industries is established as a prominent manufacturer and exporter of elevator components and systems in India. The company is engaged in the design, development, manufacturing, and distribution of a wide range of lifts, including passenger elevators, hydraulic lifts, home elevators, hospital elevators, and dumbwaiters. Operations are focused on providing customized solutions tailored to client needs across various sectors such as residential, commercial, and industrial. High technology solutions are integrated to ensure safety and efficiency. The company is also involved in after-sales service, emphasizing trust, reliability, and quality. Export activities are extended to over 20 countries across Europe, Asia, the Middle East, and Africa.
MAS Industries offers Passenger Elevators, Hydraulic Lifts, and Home Elevators.
MAS Industries has made 1 acquisition, including Maître Pierre.
MAS Industries has 1 investor. Key investors include Dorman Products.
MAS Industries operates through Mas Industries Private Limited.
Yes. MAS Industries was acquired by Dorman Products in October 2017.
The legal entities of MAS Industries currently have 4 directors, including Ammar Mohamed Aslam Mukadam, Mahmood Mazhar Kazi, Mudassar Mukadam Mohd Aslam and others.