Desai Brothers Ltd - environment in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN U55101MH1973PLC016960 Incorporated 23 October 1973 ROC Pune HQ Pune, Maharashtra, India
Active Public Limited Company environment
Data last updated
Revenue · FY 2025
₹1,799.19 Cr
▲ 1% YoY
Net profit · FY 2025
₹205.01 Cr
Net margin 11.4%
EBITDA · FY 2025
₹319.98 Cr
EBITDA margin 17.8%
Authorised capital
₹16.1 Cr
Registered with MCA
Paid-up capital
₹26.74 Lakh
Issued & subscribed
Satisfied charges
₹131.64 Cr
No open charges
Company age
53 yrs
Est. 1973
Employees · EPFO
11,300
Provident fund records

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.

Company Details of Desai Brothers Ltd
CIN U55101MH1973PLC016960
Registration Number 016960
Incorporation Date 23 October 1973
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

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.

CINStatus
U55101MH1973PLC016960Current
U27109MH1973PLC016960Previous

Recognitions & Rankings of Desai Brothers

Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    1436 Kasba Peth Pune, Maharashtra, India – 411011
  • Industry
    Environment, Wind Energy Solutions
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Financials, compliance, directors, charges, ownership and filings for Desai Brothers Ltd in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Desai Brothers Ltd

Desai Brothers operates two associated brands: Mothers Recipe and Pitaara. Each brand links to its own profile.

BrandDescriptionWebsite
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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC1Food, beverages and tobacco productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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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.

Revenue · FY 2025
₹1,799.19 Cr ▲ 1%
Net profit · FY 2025
₹205.01 Cr margin 11.4%
EBITDA · FY 2025
₹319.98 Cr margin 17.8%

Compounded Annual Growth Rate (CAGR) of Desai Brothers Ltd

Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 9%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 3%
5 years · compounded
▼ 1%

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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin17.8%••••••••••••••••
Net Profit Margin11.4%••••••••••••••••
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.

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Financial statements from 2015

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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.

Current Directors
NameDesignationAppointment DateTenureStatus
Sanjay Jasubhai DesaiDirector01 Apr 199828 Years 6 MonthsCurrent
Nitin Raojibhai DesaiManaging Director01 Apr 200719 Years 6 MonthsCurrent
Yogesh Jayant ShahDirector28 Jul 20206 Years 2 MonthsCurrent
Sheetal Rajan NavaniWhole-Time Director04 Nov 20187 Years 11 MonthsCurrent
Mukesh Mangalbhai PatelDirector22 Jun 200125 Years 3 MonthsCurrent
Bimal Natubhai DesaiWhole-Time Director22 Jun 200125 Years 3 MonthsCurrent
Showing 6 of 9 current directors. View all directors

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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.

NameStatusAppointment DateCessation Date
M/s Suresh C. Shah & Co.LockedLockedLocked
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Ownership and Shareholding of Desai Brothers Ltd

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Charges & Borrowings of Desai Brothers Ltd

Open charges
None
Satisfied charges
₹131.64 Cr
Breakdown by lending institutions
Canara Bank₹78.59 Cr
Corporation Bank₹30.05 Cr
Tourism Finance Corporation of India Limited₹23.00 Cr
Latest charge details
DateLenderAmountStatus
15 Feb 2016Corporation Bank₹25 CrSatisfied
19 Sep 2007Tourism Finance Corporation of India Limited₹3.5 CrSatisfied
15 Nov 2006Canara Bank₹13.54 CrSatisfied
30 Mar 2006Tourism Finance Corporation of India Limited₹11.5 CrSatisfied
30 Mar 2006Tourism Finance Corporation of India Limited₹8 CrSatisfied

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.

Total deals
70
Secondary share transfers
68
Funding rounds
2
Disclosed funding
₹14.38 Cr

Deals on record (5 of 70)

WhenDealAmountParties
Sep 2024Secondary share transferUndisclosedSeller: Nirupamaben Desai Will Sanjana Prisha Trust, 3 individuals
Sep 2024Secondary share transferUndisclosedSeller: 4 individuals
Aug 2024Secondary share transferUndisclosedBuyer: an individual
Seller: Desons Holding And Finance Private Limited
Jun 2024Secondary share transferUndisclosedBuyer: an individual
Seller: Desons Holding And Finance Private Limited
Jan 2024Secondary share transferUndisclosedBuyer: Desons Holding And Finance Private Limited
Seller: an individual
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

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)

SupplierAmount dueDue sinceReported on
S. B. Packaging••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Unique Equipments••••••••••••
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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 count
11,300
Active EPFO establishments
10
Employee growth
-3.16%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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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.

AGM
Desai Brothers Ltd last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Filing
Desai Brothers Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Padmanabhan Subramanian ceased to be Director.
Charges
A charge registered on 15 Feb 2016 via Charge ID 10622951 with Corporation Bank was fully satisfied on 01 Oct 2022.
Ceased
Yogesh Jayant Shah ceased to be Additional Director.
Appointed
Yogesh Jayant Shah was appointed as Director.
Ceased
Suryakant Desai Dahyabhai ceased to be Director.
Ceased
Umesh Shantilal Parekh ceased to be Company Secretary.
Ceased
Sanjay Jasubhai Desai ceased to be Whole-Time Director.
Appointed
Sheetal Rajan Navani was appointed as Whole-Time Director.
Ceased
Kiranchandra Vasant Mysore ceased to be Director.
Charges
A charge registered on 31 Dec 1997 via Charge ID 90090605 with Canara Bank was fully satisfied on 13 Dec 2017.

52 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Desai Brothers Ltd

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Subsidiaries & Group Companies of Desai Brothers Ltd

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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.

Total GSTINs
29
Active
14
Cancelled / inactive
15
GSTINStateStatusRegistered on
27AAACD7361C1ZXMaharashtraActive01 Jul 2017
27AAACD7361C2ZWMaharashtraActive01 Apr 2025
03AAACD7361C1Z7PunjabActive01 Jul 2017
06AAACD7361C1Z1HaryanaActive01 Jul 2017
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MCA Filings & Documents of Desai Brothers Ltd

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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:

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.

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