About Mutual Industries
Mutual Industries is a Chemicals & Materials company based in Mumbai (India) founded in 1979. It offers innovative engineered polymer components, systems, and manufacturing processes worldwide. It operates on a B2B and Service-Based Manufacturing model. The company has 191 employees. Its Indian entity Mutual Industries Limited reported revenue of ₹95.90 Cr. Mutual Industries offers products and services including Aqua Graphics, Bubble Guard, Design Engineering, Injection Moulding, and Product Assembly. Its focus areas include Industrial, Materials Tech, Polymer Components and Surface Enhancement. Its competitors include UNO Minda and Rane Group; 1 of its 2 listed competitors has raised funding.
Company details
Mutual Industries, established in 1979, specializes in engineered polymer-based components and systems, offering services like injection moulding, thermoforming, and surface coating. It supports customers through design engineering and product assembly across various industries. Based in Mumbai, India, with manufacturing facilities in Silvassa and Umargaon, Gujarat, it focuses on quality and innovation for industrial applications, serving diverse sectors without specific client details mentioned.
- Headquarters Mumbai, India
- Employees 191
- SectorsChemicals & Materials
- Website mutual-industries.com/index.html
- Social LinkedIn
- Legal Name Mutual Industries Limited
- Date of Incorporation 28 Sep, 1990
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹95.90 Cr
FY 2025 · -26% YoY
- Net Loss-₹10.43 Cr
FY 2025 · -11% margin
- EBITDA₹8.97 Cr
FY 2025 · 9% margin
- Employee Count191
Associated legal entities of Mutual Industries
Mutual Industries operates through Mutual Industries Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mutual Industries Limited CIN U99999MH1990PLC058368 | Active | 28 Sep 1990 | Mumbai, Maharashtra | ₹95.9 Cr | 191 | 5 | View details |
Products & Services of Mutual Industries
Mutual Industries offers a comprehensive portfolio of products and services, including Aqua Graphics, Bubble Guard, Design Engineering, Injection Moulding, and Product Assembly.
Provides product beautification through surface enhancement techniques.
Offers multi-layered PP boards with circular structure for applications.
Supports end-to-end solutions for customer product design needs.
Moulds polymers into precision parts up to 35 Kg components.
Assembles accessories for various industrial applications efficiently.
Applies automated paint lines for product surface protection.
Utilizes single and twin sheet methods for heavy gauge forming.
Deploys automated processes for dedicated assembly cells.
Applies three-dimension overlay for industrial product decoration.
Board of directors of Mutual Industries Limited (Mutual Industries)
Mutual Industries Limited is the primary company behind Mutual Industries. The board of Mutual Industries Limited currently have 4 directors; the longest-serving is Drumil Jayantilal Gandhi, appointed in 2011. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Drumil Jayantilal Gandhi DIN 03560719 | Director | 14 Mar 2011 | 15 yrs 7 mo | Mutual Industries Limited |
| Harin Kiritkumar Gandhi DIN 03477195 | Whole-time director | 14 Mar 2011 | 15 yrs 7 mo | Mutual Industries Limited |
| Apurva Kiritkumar Gandhi DIN 01998974 | Whole-time director | 08 Aug 2019 | 7 yrs 2 mo | Mutual Industries Limited |
| Harnish Dharamdas Juthani DIN 00215437 | Director | 07 Apr 2022 | 4 yrs 6 mo | Mutual Industries Limited |
Financials of Mutual Industries
Figures of Mutual Industries Limited, the primary company behind Mutual Industries, for FY 2025. Revenue was ₹95.90 Cr (-26% year on year). Net loss was -₹10.43 Cr (-11% margin). EBITDA was ₹8.97 Cr (9% margin). Revenue has grown at a compounded annual rate of 0% over three years and +1% over five years.
- ₹95.90 CrRevenue · FY 2025 · -26% YoY
- -₹10.43 CrNet loss · -11% margin
- ₹8.97 CrEBITDA · 9% margin
- ₹5.64 CrPaid-up capital
- 191Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mutual Industries Limited are on its company page.
Detailed financial statements for Mutual Industries
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Mutual Industries
Mutual Industries has 2 listed competitors in our database, 1 of them funded. They include UNO Minda and Rane Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unominda.com | 1958 | Gurugram, India | $259.53M | 2,509 | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | |
| ranegroup.com | 1929 | Chennai, India | 172 | Major auto components are manufactured and supplied to OEMs. |
Detailed competitors of Mutual Industries
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Industrial & Specialty Cleaning Solutions
2 companies that operate in the same segment as Mutual Industries (Industrial & Specialty Cleaning Solutions) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Surie Polex supplies innovative polishing solutions for marble, granite, concrete, and engineered quartz. | 1985 | New Delhi, Delhi, India | USD 38.06 M | 281 | ||
Water- and solvent-based zinc flake coatings and equipment are manufactured. | 2008 | Pune, Maharashtra, India | USD 505.32 K |
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Frequently Asked Questions about Mutual Industries
Mutual Industries was founded in 1979.
Mutual Industries is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mutual Industries has 191 employees.
The primary company behind Mutual Industries, Mutual Industries Limited, reported revenue of ₹95.90 Cr for FY 2025, down 26% year on year.
Mutual Industries, established in 1979, specializes in engineered polymer-based components and systems, offering services like injection moulding, thermoforming, and surface coating. It supports customers through design engineering and product assembly across various industries. Based in Mumbai, India, with manufacturing facilities in Silvassa and Umargaon, Gujarat, it focuses on quality and innovation for industrial applications, serving diverse sectors without specific client details mentioned.
Mutual Industries's top competitors include UNO Minda and Rane Group.
Mutual Industries offers Aqua Graphics, Bubble Guard, Design Engineering, Injection Moulding, and 5 more products and services.
Mutual Industries operates through Mutual Industries Limited.
The legal entities of Mutual Industries currently have 4 directors, including Apurva Kiritkumar Gandhi, Drumil Jayantilal Gandhi, Harin Kiritkumar Gandhi and others.