MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-23-0005765
Drip India Irrigation Private Limited - machinery and equipment in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹86.48 Cr
▼ 2% YoY
Net profit · FY 2025
₹2.57 Cr
Net margin 3%
EBITDA · FY 2025
₹9.12 Cr
EBITDA margin 10.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.96 Cr
Issued & subscribed
Open charges
₹37.05 Cr
Satisfied ₹23.21 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
99
Provident fund records
About Drip India Irrigation Private Limited
Data last updated:
Drip India Irrigation Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 05 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01403MH2011PTC213085. Its GSTIN is 27AADCD7243A1Z1 (Maharashtra). The company holds 11 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.96 Cr. It is led by directors including Shailesh Zumbarlal Bhandari and Zumberlal Hiralal Bhandari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gat No. 273 Pimpalnare Phata Dindori Road A/P Pimpalnare Dindori, Nashik, Maharashtra, India – 422004.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.48 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.57 Cr (net margin 3%) and EBITDA of ₹9.12 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 16% over five years.
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dripindia. As per MCA filings, the company has open charges of ₹37.05 Cr and satisfied charges of ₹23.21 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.9 Cr; the latest was in March 2020. Its 4 peer companies in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 1 smaller; the largest is Pawan Polytex Private Limited with revenue of ₹88.45 Cr.
Drip India Irrigation Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0005765). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dripindia.com.
Company details
CIN U01403MH2011PTC213085
Registration Number 213085
Incorporation Date 05 February 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-23-0005765
Key People
Shailesh Zumbarlal Bhandari Director Zumberlal Hiralal Bhandari Director Manaklal Javerilal Bhandari Director Recognitions & Rankings of Drip India Irrigation
Contact details
Drip India Irrigation Private Limited's registered office is in Nashik, Maharashtra. Its website is dripindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No. 273 Pimpalnare Phata Dindori Road A/P Pimpalnare Dindori, Nashik, Maharashtra, India – 422004
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Drip India Irrigation Private Limited, buy the company report.
Comprehensive company report
Drip India Irrigation 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
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Secure checkout · GST invoice included
Brands
Drip India Irrigation operates one associated brand: Dripindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides drip irrigation solutions for efficient agricultural water management. | dripindia.com |
Business activity
The main business activity of Drip India Irrigation 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 Drip India Irrigation Private Limited, buy the company report.
Financials of Drip India Irrigation Private Limited
FY 2025 filings availableDrip India Irrigation Private Limited reported revenue of ₹86.48 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹86.48 Cr ▼ 2%
Net profit · FY 2025
₹2.57 Cr margin 3%
EBITDA · FY 2025
₹9.12 Cr margin 10.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 19%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 19%
5 years · compounded
▲ 11%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 3% 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 | ₹9.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.57 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 | 10.5% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Drip India Irrigation Private Limited, buy the company report.
Board of directors of Drip India Irrigation Private Limited
Drip India Irrigation has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Zumbarlal Bhandari | Director | 05 Feb 2011 | 15 Years 8 Months | Current |
| Zumberlal Hiralal Bhandari | Director | 05 Feb 2011 | 15 Years 8 Months | Current |
| Manaklal Javerilal Bhandari | Director | 01 Jul 2011 | 15 Years 3 Months | Current |
| Motilal Javerilal Bhandari | Director | 01 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Drip India Irrigation Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pawan Polytex Private Limited | ₹88.45 Cr (FY 2025) | -10.0% | Bikaner, Rajasthan, India | |||
| Pragati Pipe Industries Private Limited | ₹88.39 Cr (FY 2025) | -31.0% | Raipur, Chhattisgarh, India | |||
| Tirupati Sprinklers Private Limited | ₹88.17 Cr (FY 2025) | 12.0% | Jaipur, Rajasthan, India | |||
| Drip India Irrigation Private Limitedthis company | ₹86.48 Cr (FY 2025) | ₹2.57 Cr | 3% | -2.0% | 99 | Nashik, Maharashtra, India |
| Parixit Irrigation Limited | ₹85.53 Cr (FY 2025) | -38.0% | Sanand, Gujarat, India |
To see the full peer comparison of Drip India Irrigation Private Limited, buy the company report.
Auditor
Drip India Irrigation Private Limited is audited by R. S. BASTE & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. S. BASTE & CO. | FY 2023 | 101040W |
Shareholding
The shareholding of Drip India Irrigation 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 Drip India Irrigation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.05 Cr
Satisfied charges
₹23.21 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2024 | 100915212 | Others | ₹7 Cr | Open | |
| 31 Jan 2023 | 100686450 | Others | ₹18 Lakh | Open | |
| 12 Jan 2023 | 100671696 | Others | ₹1.55 Cr | Open | |
| 12 Dec 2022 | 100657997 | Others | ₹1.75 Cr | Open | |
| 04 Aug 2022 | 100625907 | Others | ₹1.19 Cr | Open |
To see the full charge records of Drip India Irrigation Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Drip India Irrigation Private Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.9 Cr; the latest was in March 2020.
Total deals
6
Secondary share transfers
3
Funding rounds
2
Rights issue
1
Disclosed funding
₹2.9 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Manaklal Javerilal Bhandari HUF, Motilal Javerilal Bhandari HUF, 2 individuals Seller: 4 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Santhosh Javerilal Bhandari HUF Seller: an individual |
| Mar 2018 | Rights issue | ₹1.96 Cr | Investors: 4 individuals |
| Feb 2016 | Funding round | ₹1 Cr | Investors: 4 individuals |
| Jan 2015 | Funding round | ₹1.9 Cr | Investors: 4 individuals |
To see the full deal history of Drip India Irrigation Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Drip India Irrigation Private Limited has 4 court cases on record: 1 filed by Drip India Irrigation, 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Court case (APPL.33(C)(2)) | Filed against the company by Prahlad N Badiger, Occ. Pvt. Service, H.No. 14-B, Venkatesh Colony, Bengeri, Hubballi-580023. | Disposed |
| District court, Nashik, Maharashtra | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Junagadh, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Junagadh, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Drip India Irrigation 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 Drip India Irrigation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Drip India Irrigation Private Limited has a workforce of 99 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
99
Active EPFO establishments
1
Employee growth
20.73%
GST
Drip India Irrigation has 11 GST registrations: 11 active. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCD7243A1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 23AADCD7243A1Z9 | Madhya Pradesh | Active | 01 Jul 2017 |
| 24AADCD7243A1Z7 | Gujarat | Active | 01 Jul 2017 |
| 29AADCD7243A1ZX | Karnataka | Active | 08 Nov 2017 |
To see the full GST registrations and return filing status of Drip India Irrigation Private Limited, buy the company report.
Recent activity
Drip India Irrigation Private Limited has 4 board changes on record since 2011: 4 appointments. The latest: Motilal Javerilal Bhandari was appointed as Director on 01 Jan 2012.
AGM
Drip India Irrigation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 20.00 Cr registered on 04 Aug 2022 with Charge ID 100620502 was modified on 26 Jun 2025.
Filing
Drip India Irrigation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 7.00 Cr registered on 15 Apr 2024 with Charge ID 100915212 was modified on 22 Apr 2024.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100915212 was registered on 15 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100686450 was registered on 31 Jan 2023.
Charges
A charge with Others amounted to Rs. 1.55 Cr with Charge ID 100671696 was registered on 12 Jan 2023.
Charges
A charge with Others of Rs. 1.19 Cr registered on 04 Aug 2022 with Charge ID 100625907 was modified on 12 Jan 2023.
Charges
A charge with Others amounted to Rs. 1.75 Cr with Charge ID 100657997 was registered on 12 Dec 2022.
Charges
A charge with Others of Rs. 5.38 Cr registered on 04 Aug 2022 with Charge ID 100620504 was modified on 19 Nov 2022.
Charges
A charge registered on 17 Feb 2020 via Charge ID 100328980 with Others was fully satisfied on 15 Oct 2022.
Charges
A charge with Others amounted to Rs. 5.38 Cr with Charge ID 100620504 was registered on 04 Aug 2022.
12 earlier events are in the company report.
Frequently asked questions
Drip India Irrigation is an active private limited company based in Nashik, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 05 February 2011 (15+ years old) and is registered under CIN U01403MH2011PTC213085.
Drip India Irrigation has 4 current directors:
- Shailesh Zumbarlal Bhandari - Director
- Zumberlal Hiralal Bhandari - Director
- Manaklal Javerilal Bhandari - Director
- Motilal Javerilal Bhandari - Director
The latest financial statements of Drip India Irrigation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Drip India Irrigation is 27AADCD7243A1Z1, registered in Maharashtra. The company has 11 GST registrations in all, of which 11 are active. Other active GSTINs include 23AADCD7243A1Z9 (Madhya Pradesh), 24AADCD7243A1Z7 (Gujarat), 29AADCD7243A1ZX (Karnataka).
The CIN (Corporate Identification Number) of Drip India Irrigation is U01403MH2011PTC213085. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Drip India Irrigation has 4 court cases on record: 1 filed by the company and 3 filed against it.
Drip India Irrigation was incorporated on 05 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Drip India Irrigation has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.9 Cr; the latest was in March 2020.
The peers of Drip India Irrigation by revenue are Pawan Polytex Private Limited, Pragati Pipe Industries Private Limited, Tirupati Sprinklers Private Limited, Parixit Irrigation Limited, all in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Motilal Javerilal Bhandari was appointed as Director on 01 Jan 2012. Manaklal Javerilal Bhandari was appointed as Director on 01 Jul 2011. Shailesh Zumbarlal Bhandari was appointed as Director on 05 Feb 2011. Drip India Irrigation has 4 board changes on record in total.
Yes, Drip India Irrigation is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-23-0005765).