MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0045533
Bainite Machines Private Limited - machinery and equipment in Panvel, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.91 Cr
▼ 25% YoY
Net profit · FY 2024
₹1.89 Cr
Net margin 6.1%
EBITDA · FY 2024
₹9.02 Cr
EBITDA margin 29.2%
Authorised capital
₹4.75 Cr
Registered with MCA
Paid-up capital
₹4.61 Cr
Issued & subscribed
Open charges
₹88.46 Cr
Satisfied ₹72.66 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
110
Provident fund records
About Bainite Machines Private Limited
Data last updated:
Bainite Machines Private Limited is a private limited company based in Panvel, Maharashtra, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 07 August 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20210MH1989PTC052921. Its GSTIN is 27AAACP3547L1Z6 (Maharashtra).
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹4.61 Cr. It was formerly known as Paramount Wood Products Private Limited. It is led by directors Geeta Devdas Suvarna and Devdas Narayan Suvarna.
Its last annual general meeting (AGM) was held on 31 March 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sector 7, Panvel, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.91 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.89 Cr (net margin 6.1%) and EBITDA of ₹9.02 Cr (EBITDA margin 29.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 110 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹88.46 Cr and satisfied charges of ₹72.66 Cr on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it; 16 cases are pending. The company has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in September 2019.
Bainite Machines Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0045533). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bainitemachines.com.
Company details
CIN U20210MH1989PTC052921
Registration Number 052921
Incorporation Date 07 August 1989
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0045533
Recognitions & Rankings of Bainite Machines
Contact details
Bainite Machines Private Limited's registered office is in Panvel, Maharashtra. Its website is bainitemachines.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 705 / 706 The Landmark Building Above Croma Shop, Sector 7 Kharghar Navi Mumbai, Panvel, Maharashtra, India – 410210
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Bainite Machines Private Limited, buy the company report.
Comprehensive company report
Bainite Machines 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 Bainite Machines is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Bainite Machines Private Limited, buy the company report.
Financials of Bainite Machines Private Limited
FY 2024 filings availableBainite Machines Private Limited reported revenue of ₹30.91 Cr (down 25% YoY) for FY 2024.
Revenue · FY 2024
₹30.91 Cr ▼ 25%
Net profit · FY 2024
₹1.89 Cr margin 6.1%
EBITDA · FY 2024
₹9.02 Cr margin 29.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 2%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 59%
3 years · compounded
▲ 34%
5 years · compounded
▲ 18%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 25% fall in the latest year. EBITDA rose 59% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹30.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.89 Cr | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.2% | ||||
| Net Profit Margin | 6.1% | ||||
| 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 Bainite Machines Private Limited, buy the company report.
Board of directors of Bainite Machines Private Limited
Bainite Machines 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 |
|---|---|---|---|---|
| Geeta Devdas Suvarna | Director | 28 Apr 1992 | 34 Years 5 Months | Current |
| Devdas Narayan Suvarna | Director | 28 Apr 1992 | 34 Years 5 Months | Current |
Auditor
Bainite Machines Private Limited is audited by Vidyadhar & co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vidyadhar & co. | FY 2023 | 131030W |
Shareholding
The shareholding of Bainite Machines 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 Bainite Machines Private Limited, buy the company report.
Charges & borrowings
Open charges
₹88.46 Cr
Satisfied charges
₹72.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2026 | 101350545 | Others | ₹2.5 Cr | Open | |
| 24 Mar 2026 | 101270860 | Others | ₹6.5 Cr | Open | |
| 22 Sep 2023 | 100853433 | Hdfc Bank Limited | ₹40.19 Cr | Open | |
| 28 Aug 2023 | 100774790 | Hdfc Bank Limited | ₹13 Cr | Open | |
| 30 Sep 2019 | 100293480 | Axis Bank Limited | ₹27.5 Lakh | Open |
To see the full charge records of Bainite Machines Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Bainite Machines Private Limited has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in September 2019.
Total deals
2
Acquisition
1
Funding round
1
Disclosed funding
₹1.1 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Acquisition | ₹2.5 Cr | Buyer: an individual |
| Mar 2008 | Funding round | ₹1.1 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bainite Machines Private Limited has 21 court cases on record: 2 filed by Bainite Machines, 19 filed against it. 16 cases are pending and 5 are disposed.
Total cases
21
Filed by the company
2
Filed against the company
19
Pending
16
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 18 | 14 |
| High courts | 2 | 1 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Insta Capital Pvt Ltd Through Vivek Ashok Bajaj the Director of Insta Capital Pvt Ltd | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed against the company by Arb Conveyors Limited | Pending |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by M/S Bohra Rubber Private Limited Through Rahul Madan | Pending |
| District court, Gurugram, Haryana | Commercial suit | Filed against the company by M/S Roop Polymers Ltd Through Its Managing Director | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Safecap Finance Pvt Ltd Through Rajkumar Mohansing Bajaj the Authorized Signatory | Pending |
To see the full case history of Bainite Machines 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 Bainite Machines Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bainite Machines Private Limited has a workforce of 110 employees on its EPFO records as of Jan 18, 2026, across 1 active EPFO establishment.
Employee count
110
Active EPFO establishments
1
Employee growth
1.85%
GST
Bainite Machines has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP3547L1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bainite Machines Private Limited, buy the company report.
Recent activity
Bainite Machines Private Limited has 4 board changes on record since 1992: 3 appointments and 1 cessation. The latest: Aatish Devdas Suvarna was appointed as Director on 27 May 2023.
Charges
A charge with Others of Rs. 2.50 Cr registered on 10 Jul 2026 with Charge ID 101350545 was modified on 13 Jul 2026.
Charges
A charge with Others amounted to Rs. 2.50 Cr with Charge ID 101350545 was registered on 10 Jul 2026.
Charges
A charge with Others of Rs. 6.50 Cr registered on 24 Mar 2026 with Charge ID 101270860 was modified on 02 Apr 2026.
Charges
A charge with Others amounted to Rs. 6.50 Cr with Charge ID 101270860 was registered on 24 Mar 2026.
AGM
Bainite Machines Private Limited last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Bainite Machines Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai Ii.
Charges
A charge with Hdfc Bank Limited of Rs. 40.19 Cr registered on 22 Sep 2023 with Charge ID 100853433 was modified on 29 Mar 2024.
Charges
A charge registered on 29 Apr 2022 via Charge ID 100583355 with Others was fully satisfied on 14 Feb 2024.
Charges
A charge registered on 15 Sep 2021 via Charge ID 100477850 with Others was fully satisfied on 14 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.19 Cr with Charge ID 100853433 was registered on 22 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.00 Cr with Charge ID 100774790 was registered on 28 Aug 2023.
Appointed
Aatish Devdas Suvarna was appointed as Director.
43 earlier events are in the company report.
Frequently asked questions
Bainite Machines is an active private limited company based in Panvel, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 07 August 1989 (37+ years old) and is registered under CIN U20210MH1989PTC052921.
Bainite Machines has 2 current directors:
- Geeta Devdas Suvarna - Director
- Devdas Narayan Suvarna - Director
The latest financial statements of Bainite Machines on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bainite Machines is 27AAACP3547L1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bainite Machines is U20210MH1989PTC052921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bainite Machines has 21 court cases on record: 2 filed by the company and 19 filed against it. 16 are pending. Most are in the district courts.
Bainite Machines was incorporated on 07 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Bainite Machines has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in September 2019.
Aatish Devdas Suvarna was appointed as Director on 27 May 2023. Aatish Devdas Suvarna ceased to be Director on 30 Mar 2019. Devdas Narayan Suvarna was appointed as Director on 28 Apr 1992. Bainite Machines has 4 board changes on record in total.
Yes, Bainite Machines is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0045533).