India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,608 Bimal Natubhai Desai & family ₹1,200 Cr
- #1,673 Sanjay Jasubhai Desai & family ₹1,100 Cr
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 225 cases involving the company, including 106 filed by the company and 119 filed against it; 31 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 6 peer companies in the FMCG industry (Instant Foods, Tobacco Products, Wind Power), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 3 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
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
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 |
Key People
Nitin Raojibhai Desai Managing Director Sheetal Rajan Navani Whole-Time Director Bimal Natubhai Desai Whole-Time Director Recognitions & Rankings of Desai Brothers
Contact details
Desai Brothers Ltd's registered office is in Pune, Maharashtra. Its website is mothersrecipe.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1436 Kasba Peth Pune, Maharashtra, India – 411011
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Desai Brothers Ltd, buy the company report.
Comprehensive company report
Desai Brothers Ltd - 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
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Brands
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
The main business activity of Desai Brothers is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Desai Brothers Ltd, buy the company report.
Financials of Desai Brothers Ltd
FY 2025 filings availableDesai 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹319.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹205.01 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Desai Brothers Ltd, buy the company report.
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
| 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 4 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 4 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Desai Brothers Ltd is compared with the 6 companies closest to it by revenue in the FMCG industry (Instant Foods, Tobacco Products, Wind Power), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| 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 | |||
| VST Industries Limited | ₹1,844.24 Cr (FY 2025) | -4.0% | Telangana, India | |||
| Vijay Solvex Limited | ₹1,832.61 Cr (FY 2025) | 0.0% | Alwar, Rajasthan, India | |||
| Desai Brothers Ltdthis company | ₹1,799.19 Cr (FY 2025) | ₹205.01 Cr | 11.4% | 1.0% | 11,300 | Pune, Maharashtra, India |
| KN Agri Resources Limited | ₹1,728.7 Cr (FY 2025) | 1.0% | Raipur, Chhattisgarh, India | |||
| Prataap Snacks Limited | ₹1,717.36 Cr (FY 2025) | 6.0% | Indore, Madhya Pradesh, India | |||
| Pataka Industries Private Limited | ₹1,689.05 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Desai Brothers Ltd, buy the company report.
Auditor
Desai Brothers Ltd is audited by M/s Suresh C. Shah & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s Suresh C. Shah & Co. | FY 2024 | 110664W |
Shareholding
The shareholding of Desai Brothers Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Desai Brothers Ltd, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹131.64 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2016 | 10622951 | Corporation Bank | ₹25 Cr | Satisfied | |
| 19 Sep 2007 | 10085982 | Tourism Finance Corporation of India Limited | ₹3.5 Cr | Satisfied | |
| 15 Nov 2006 | 10032063 | Canara Bank | ₹13.54 Cr | Satisfied | |
| 30 Mar 2006 | 10003347 | Tourism Finance Corporation of India Limited | ₹11.5 Cr | Satisfied | |
| 30 Mar 2006 | 10003598 | Tourism Finance Corporation of India Limited | ₹8 Cr | Satisfied |
To see the full charge records of Desai Brothers Ltd, buy the company report.
Total charge records: 16 View all charges
Deals & funding
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)
| 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 |
To see the full deal history of Desai Brothers Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Desai Brothers Ltd has 225 court cases on record: 106 filed by Desai Brothers, 119 filed against it. 31 cases are pending and 194 are disposed.
Total cases
225
Filed by the company
106
Filed against the company
119
Pending
31
Disposed
194
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 118 | 87 | 14 |
| High courts | 97 | 24 | 13 |
| Supreme Court | 10 | 8 | 4 |
Cases on record (5 of 225)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by Niwas Spinning Mills Ltd Through M D Vijay Ramniwas Jaju | Pending |
| Madras High Court | Court case (OP(GI)) | Filed by the company against Ganesh Spices Pvt.Ltd and 8 others | Pending |
| High Court, CHHATTISGARH | Writ petition | Filed by the company against United India Insurance Co.Ltd., | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by M/S Bikaji Foods International Limited | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by Ardent Facilities Pvt Ltd Through Managing Directore Mr. Brijesh Rajput | Pending |
To see the full case history of Desai Brothers Ltd, 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.
Credit ratings & regulatory alerts
Desai Brothers Ltd was last rated by Icra on 08 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jun 2022 |
To see the full credit ratings and regulatory alerts of Desai Brothers Ltd, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Desai Brothers Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Desai Brothers Ltd has a workforce of 11,300 employees on its EPFO records as of Apr 01, 2024, across 10 active EPFO establishments.
Employee count
11,300
Active EPFO establishments
10
Employee growth
-3.16%
GST
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
| 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 |
To see the full GST registrations and return filing status of Desai Brothers Ltd, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 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
The latest financial statements of Desai Brothers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
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 225 court cases on record: 106 filed by the company and 119 filed against it. 31 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, VST Industries Limited, Vijay Solvex Limited, KN Agri Resources Limited, Prataap Snacks Limited and 1 more, all in the FMCG industry (Instant Foods, Tobacco Products, Wind Power), with the same principal business activity (food, beverages and tobacco products).
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.
Desai Brothers 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 latest return was filed on 20 Jul 2019.
Desai Brothers can be reached through the website mothersrecipe.com. Its registered office is in Pune, Maharashtra, India.