- #1,608 Bimal Natubhai Desai & family ₹1,200 Cr
- #1,673 Sanjay Jasubhai Desai & family ₹1,100 Cr

About Desai Brothers Ltd
Data last updated:
Desai Brothers Ltd is a public limited company based in Pune, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 23 October 1973 and has been in existence for over 53 years.
Its director Bimal Natubhai Desai and family are #1,608 among India's richest people (2026). Its director Sanjay Jasubhai Desai and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U55101MH1973PLC016960. Its GSTIN is 27AAACD7361C1ZX (Maharashtra). The company holds 29 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹16.1 Cr and a paid-up capital of ₹26.74 Lakh. It was formerly known as Desai Brothers Private Ltd. It is led by directors including Nitin Raojibhai Desai (Managing Director) and Sheetal Rajan Navani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1436 Kasba Peth Pune, Maharashtra, India – 411011.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,799.19 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹205.01 Cr (net margin 11.4%) and EBITDA of ₹319.98 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company has about 11,300 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mothers Recipe and Pitaara. As per MCA filings, the company has satisfied charges of ₹131.64 Cr on record. Court records list 212 cases involving the company, including 100 filed by the company and 77 filed against it; 27 cases are pending. The company has 70 deals on record (68 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14.38 Cr; the latest was in September 2024. Its 10 peer companies in the FMCG industry (Instant Foods, Tobacco Products, Wind Power) are compared by revenue, 5 larger and 5 smaller; the largest is Kandhari Beverages Private Limited with revenue of ₹2,146.71 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 11 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mothersrecipe.com.
CIN History of Desai Brothers Ltd
Desai Brothers has one previous CIN (Corporate Identification Number): U27109MH1973PLC016960. The current CIN is U55101MH1973PLC016960, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH1973PLC016960 | Current |
| U27109MH1973PLC016960 | Previous |
Recognitions & Rankings of Desai Brothers
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1436 Kasba Peth Pune, Maharashtra, India – 411011
- IndustryEnvironment, Wind Energy Solutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Desai Brothers Ltd
Desai Brothers operates two associated brands: Mothers Recipe and Pitaara. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers Indian pickles, chutneys, and ready-to-cook mixes via e-commerce platform. | mothersrecipe.com | |
| Extruded snacks are branded and distributed by Pitaara in India. | pitaara.com |
Business Activity of Desai Brothers Ltd
The main business activity of Desai Brothers is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Desai Brothers Ltd FY 2025 filings available
Desai Brothers Ltd reported revenue of ₹1,799.19 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Desai Brothers Ltd
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 1% growth in the latest year. EBITDA fell 20% 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 of Desai Brothers Ltd
| 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 | ₹319.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹205.01 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 of Desai Brothers Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Desai Brothers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Desai Brothers Ltd
Desai Brothers has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Jasubhai Desai Also directs: Desai Foods Private Limited, Desons Finvest Private Limited, Konkan Medical Services Private Limited and 4 more | Director | 01 Apr 1998 | 28 Years 6 Months | Current |
| Nitin Raojibhai Desai | Managing Director | 01 Apr 2007 | 19 Years 6 Months | Current |
| Yogesh Jayant Shah | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
| Sheetal Rajan Navani Also directs: Desons Finvest Private Limited, Desons Holdings and Finance Pvt Ltd, Quanterra Stratergies LLP and 2 more | Whole-Time Director | 04 Nov 2018 | 7 Years 11 Months | Current |
| Mukesh Mangalbhai Patel | Director | 22 Jun 2001 | 25 Years 3 Months | Current |
| Bimal Natubhai Desai Also directs: Desons Finvest Private Limited, Konkan Medical Services Private Limited, Desons Holdings and Finance Pvt Ltd and 1 more | Whole-Time Director | 22 Jun 2001 | 25 Years 3 Months | Current |
Peer Comparison of Desai Brothers Ltd
Desai Brothers Ltd is compared with the companies closest to it by revenue in the FMCG industry (Instant Foods, Tobacco Products, Wind Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kandhari Beverages Private Limited | ₹2,146.71 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Amritsar, Punjab, India |
| K.N.Resources Private Limited | ₹2,073.74 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Raipur, Chhattisgarh, India |
| Chandan Steel Limited | ₹1,997.46 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| VST Industries Limited Listed | ₹1,844.24 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Telangana, India |
| Vijay Solvex Limited Listed | ₹1,832.61 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Alwar, Rajasthan, India |
| Desai Brothers Ltd this company | ₹1,799.19 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pune, Maharashtra, India |
| Kpi Green Energy Limited Listed | ₹1,755.16 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Surat, Gujarat, India |
| KN Agri Resources Limited | ₹1,728.7 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Raipur, Chhattisgarh, India |
| Prataap Snacks Limited Listed | ₹1,717.36 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Indore, Madhya Pradesh, India |
| Moil Limited Listed | ₹1,696.32 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Nagpur, Maharashtra, India |
| Pataka Industries Private Limited | ₹1,689.05 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Desai Brothers by revenue in the FMCG industry (Instant Foods, Tobacco Products, Wind Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Desai Brothers Ltd
Desai Brothers Ltd is audited by M/s Suresh C. Shah & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/s Suresh C. Shah & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Desai Brothers Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Desai Brothers Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2016 | Corporation Bank | ₹25 Cr | Satisfied |
| 19 Sep 2007 | Tourism Finance Corporation of India Limited | ₹3.5 Cr | Satisfied |
| 15 Nov 2006 | Canara Bank | ₹13.54 Cr | Satisfied |
| 30 Mar 2006 | Tourism Finance Corporation of India Limited | ₹11.5 Cr | Satisfied |
| 30 Mar 2006 | Tourism Finance Corporation of India Limited | ₹8 Cr | Satisfied |
Total charge records: 16 View all charges
Deals & Funding of Desai Brothers Ltd
Desai Brothers Ltd has 70 deals on record (68 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14.38 Cr; the latest was in September 2024.
Deals on record (5 of 70)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: Nirupamaben Desai Will Sanjana Prisha Trust, 3 individuals |
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Aug 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Desons Holding And Finance Private Limited |
| Jun 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Desons Holding And Finance Private Limited |
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Desons Holding And Finance Private Limited Seller: an individual |
Full deal history
All 70 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Desai Brothers Ltd
Desai Brothers Ltd has 212 court cases on record: 100 filed by Desai Brothers, 77 filed against it, 35 where it is another party. 27 cases are pending and 185 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 116 | 58 | 13 |
| High courts | 95 | 18 | 13 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 212)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by Niwas Spinning Mills Limited | Pending |
| High Court of Chhattisgarh | Writ petition | Filed by the company against United India Insurance Co Ltd(01.01.73) | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Bikaji Foods International Limited | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by Ardent Facilities Private Limited | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Computech Printers Private Limited | Pending |
Full case history
All 212 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Desai Brothers Ltd
Desai Brothers Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 11 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S. B. Packaging | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Unique Equipments | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Desai Brothers Ltd
Desai Brothers Ltd has a workforce of 11,300 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Desai Brothers Ltd
Desai Brothers Ltd has 19 board changes on record since 1998: 9 appointments and 10 cessations. The latest: Padmanabhan Subramanian ceased to be Director on 30 Sep 2024.
52 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Desai Brothers Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Desai Brothers Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Desai Brothers Ltd
Desai Brothers has 29 GST registrations: 14 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD7361C1ZX | Maharashtra | Active | 01 Jul 2017 |
| 27AAACD7361C2ZW | Maharashtra | Active | 01 Apr 2025 |
| 03AAACD7361C1Z7 | Punjab | Active | 01 Jul 2017 |
| 06AAACD7361C1Z1 | Haryana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Desai Brothers Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Desai Brothers Ltd
Frequently Asked Questions about Desai Brothers Ltd
Desai Brothers is an active public limited company based in Pune, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 23 October 1973 (53+ years old) and is registered under CIN U55101MH1973PLC016960.
Desai Brothers reported revenue of ₹1,799.19 Cr for FY 2025 (up 1% YoY).
Desai Brothers has 9 current directors:
- Nitin Raojibhai Desai - Managing Director
- Sheetal Rajan Navani - Whole-Time Director
- Bimal Natubhai Desai - Whole-Time Director
- Sanjay Jasubhai Desai - Director
- Yogesh Jayant Shah - Director
- Mukesh Mangalbhai Patel - Director
- Padmanabhan Subramanian - Director
- Usha Sunderarajan - Director
- Kumar Sampat Iyengar - Director
Desai Brothers reported a net profit of ₹205.01 Cr (net margin 11.4%) and EBITDA of ₹319.98 Cr (EBITDA margin 17.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Desai Brothers is 9% over three years and 6% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Desai Brothers is 27AAACD7361C1ZX, registered in Maharashtra. The company has 29 GST registrations in all, of which 14 are active and 15 are cancelled or inactive. Other active GSTINs include 27AAACD7361C2ZW (Maharashtra), 03AAACD7361C1Z7 (Punjab), 06AAACD7361C1Z1 (Haryana).
The CIN (Corporate Identification Number) of Desai Brothers is U55101MH1973PLC016960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Desai Brothers has 212 court cases on record: 100 filed by the company and 77 filed against it. 27 are pending. Most are in the district courts.
Desai Brothers was incorporated on 23 October 1973, making it 53+ years old. It is registered with the Registrar of Companies, Pune.
Desai Brothers has 70 deals on record (68 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14.38 Cr; the latest was in September 2024.
The peers of Desai Brothers by revenue are Kandhari Beverages Private Limited, K.N.Resources Private Limited, Chandan Steel Limited, VST Industries Limited, Vijay Solvex Limited and 5 more, all in the FMCG industry (Instant Foods, Tobacco Products, Wind Power).
Padmanabhan Subramanian ceased to be Director on 30 Sep 2024. Yogesh Jayant Shah ceased to be Additional Director on 28 Sep 2020. Yogesh Jayant Shah was appointed as Director on 28 Jul 2020. Desai Brothers has 19 board changes on record in total.