MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-25-0002827
Excel Process Private Limited - metal & minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.6 Cr
▼ 5% YoY
Net loss · FY 2025
₹20.93 Lakh
Net margin -0.7%
EBITDA · FY 2025
₹2.7 Cr
EBITDA margin 8.5%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹96.73 Lakh
Issued & subscribed
Open charges
₹15.78 Cr
Satisfied ₹17.66 Cr
Company age
66 yrs
Est. 1960
Employees · EPFO
69
Provident fund records
About Excel Process Private Limited
Data last updated:
Excel Process Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 13 October 1960 and has been in existence for over 66 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28999MH1960PTC011842. Its GSTIN is 24AAACE1243J1Z2 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹96.73 Lakh. It is led by directors including Vinay Prabhubhai Desai and Harish Prabhubhai Desai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.6 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹20.93 Lakh (net margin -0.7%) and EBITDA of ₹2.7 Cr (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 18% over five years.
The company has about 69 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹15.78 Cr and satisfied charges of ₹17.66 Cr on record. Court records list 22 cases involving the company, including 6 filed by the company and 16 filed against it; 2 cases are pending.
Excel Process Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0002827). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xlprocess.com.
Company details
CIN U28999MH1960PTC011842
Registration Number 011842
Incorporation Date 13 October 1960
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0002827
Key People
Vinay Prabhubhai Desai Director Harish Prabhubhai Desai Director Neel Harish Desai Director Recognitions & Rankings of Excel Process
Contact details
Excel Process Private Limited's registered office is in Mumbai, Maharashtra. Its website is xlprocess.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGala – 5 The Parbat Mahal Co – Op Housing Society Ltd Amrit Nagar Chakala Andheri(East) Mid, C Compound, Mumbai, Maharashtra, India – 400093
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Excel Process Private Limited, buy the company report.
Comprehensive company report
Excel Process 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 Excel Process is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Excel Process Private Limited, buy the company report.
Financials of Excel Process Private Limited
FY 2024 filings availableExcel Process Private Limited reported revenue of ₹31.6 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹31.6 Cr ▼ 5%
Net loss · FY 2025
₹20.93 Lakh margin -0.7%
EBITDA · FY 2025
₹2.7 Cr margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 22%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 1%
5 years · compounded
▲ 1%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 48% 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 |
|---|---|---|---|---|---|
| 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 | ₹2.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.93 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | -0.7% | ||||
| 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 Excel Process Private Limited, buy the company report.
Board of directors of Excel Process Private Limited
Excel Process has 3 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 |
|---|---|---|---|---|
| Vinay Prabhubhai Desai | Director | 17 Dec 1993 | 32 Years 10 Months | Current |
| Harish Prabhubhai Desai | Director | 18 Nov 1981 | 44 Years 11 Months | Current |
| Neel Harish Desai Also directs: Excel Alugraphics Private Limited | Director | 18 Jul 2015 | 11 Years 3 Months | Current |
Auditor
Excel Process Private Limited is audited by KIRAN MEHTA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRAN MEHTA & CO | FY 2021 | 105188W |
Shareholding
The shareholding of Excel Process Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Excel Process Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.78 Cr
Satisfied charges
₹17.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2025 | 101047077 | Uco Bank | ₹1.8 Cr | Open | |
| 06 Sep 2023 | 100775485 | Uco Bank | ₹88.5 Lakh | Open | |
| 14 Nov 2022 | 100628037 | Uco Bank | ₹1.5 Cr | Open | |
| 21 Sep 2021 | 100480621 | Uco Bank | ₹5 Cr | Open | |
| 11 Aug 2016 | 100073817 | Uco Bank | ₹3.5 Cr | Open |
To see the full charge records of Excel Process Private Limited, buy the company report.
Total charge records: 34 View all charges
Legal cases
Excel Process Private Limited has 22 court cases on record: 6 filed by Excel Process, 16 filed against it. 2 cases are pending and 20 are disposed.
Total cases
22
Filed by the company
6
Filed against the company
16
Pending
2
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 16 | 1 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Excel Graphics Pvt Ltd. and 3 others | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed by the company against Excel Magnets Pvt Ltd and 3 others | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed by the company against Excel Graphics Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Excel Magnets Pvt Ltd and 3 others | Disposed |
| District court, Valsad, Gujarat | Civil suit | Filed by the company against KBB Industries for Director Mr. Bharat Girase | Pending |
To see the full case history of Excel Process 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 Excel Process Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Excel Process has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Excel Sign Solutions Private Limited | U74300MH2006PTC163681 |
To see the full group structure of Excel Process Private Limited, buy the company report.
Employees & EPFO
Excel Process Private Limited has a workforce of 69 employees on its EPFO records as of Mar 31, 2024, across 2 active EPFO establishments.
Employee count
69
Active EPFO establishments
2
Employee growth
2.99%
GST
Excel Process has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE1243J1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Excel Process Private Limited, buy the company report.
Recent activity
Excel Process Private Limited has 4 board changes on record since 1981: 3 appointments and 1 cessation. The latest: Neel Harish Desai was appointed as Director on 18 Jul 2015.
Charges
A charge registered on 20 Sep 2021 via Charge ID 100482850 with Uco Bank was fully satisfied on 08 Aug 2025.
Charges
A charge registered on 16 Jun 2020 via Charge ID 100342522 with Uco Bank was fully satisfied on 21 Apr 2025.
Charges
A charge with Uco Bank amounted to Rs. 1.80 Cr with Charge ID 101047077 was registered on 12 Feb 2025.
AGM
Excel Process Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Excel Process Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 06 Dec 2017 via Charge ID 100142249 with Uco Bank was fully satisfied on 19 Dec 2023.
Charges
A charge with Uco Bank amounted to Rs. 0.89 Cr with Charge ID 100775485 was registered on 06 Sep 2023.
Charges
A charge registered on 10 May 2006 via Charge ID 10003608 with Uco Bank Ltd. was fully satisfied on 29 Mar 2023.
Charges
A charge with Uco Bank amounted to Rs. 1.50 Cr with Charge ID 100628037 was registered on 14 Nov 2022.
Charges
A charge registered on 08 May 2020 via Charge ID 100337538 with Uco Bank was fully satisfied on 20 Sep 2022.
Charges
A charge registered on 29 Jan 2016 via Charge ID 10620832 with Religare Finvest Limited was fully satisfied on 06 Jan 2022.
Charges
A charge with Uco Bank amounted to Rs. 5.00 Cr with Charge ID 100480621 was registered on 21 Sep 2021.
59 earlier events are in the company report.
Frequently asked questions
Excel Process is an active private limited company based in Mumbai, Maharashtra, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 13 October 1960 (66+ years old) and is registered under CIN U28999MH1960PTC011842.
Excel Process has 3 current directors:
- Vinay Prabhubhai Desai - Director
- Harish Prabhubhai Desai - Director
- Neel Harish Desai - Director
The latest financial statements of Excel Process on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Excel Process is 24AAACE1243J1Z2, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Excel Process is U28999MH1960PTC011842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excel Process has 22 court cases on record: 6 filed by the company and 16 filed against it. 2 are pending. Most are in the district courts.
Excel Process was incorporated on 13 October 1960, making it 66+ years old. It is registered with the Registrar of Companies, Mumbai.
Neel Harish Desai was appointed as Director on 18 Jul 2015. Rajesh Prabhubhai Desai ceased to be Director on 18 Jul 2015. Vinay Prabhubhai Desai was appointed as Director on 17 Dec 1993. Excel Process has 4 board changes on record in total.
Yes, Excel Process is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-25-0002827).
Excel Process can be reached through the website xlprocess.com. Its registered office is in Mumbai, Maharashtra, India.