MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0002879
Finex Sieves Private Limited - machinery and equipment in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.88 Cr
▲ 53% YoY
Net profit · FY 2025
₹31.84 Lakh
Net margin 5.4%
EBITDA · FY 2025
₹60.41 Lakh
EBITDA margin 10.3%
Authorised capital
₹6 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹90 Lakh
Satisfied ₹1.03 Cr
Company age
45 yrs
Est. 1981
Employees · EPFO
17
Provident fund records
About Finex Sieves Private Limited
Data last updated:
Finex Sieves Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 16 January 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27310GJ1981PTC004139. Its GSTIN is 24AAACF2848Q1ZA (Gujarat).
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Padmak Hiralal Shah (Managing Director) and Mikin Padmak Shah (Whole-Time Director).
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 606 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.88 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹31.84 Lakh (net margin 5.4%) and EBITDA of ₹60.41 Lakh (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 15% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finex Sieves. As per MCA filings, the company has open charges of ₹90 Lakh and satisfied charges of ₹1.03 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 3 cases are pending.
Finex Sieves Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0002879). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finexsieves.com.
Company details
CIN U27310GJ1981PTC004139
Registration Number 004139
Incorporation Date 16 January 1981
ROC Ahmedabad
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 Micro
Udyam Registration UDYAM-GJ-24-0002879
Key People
Padmak Hiralal Shah Managing Director Mikin Padmak Shah Whole-Time Director Pallavi Padmak Shah Whole-Time Director Recognitions & Rankings of Finex Sieves
Contact details
Finex Sieves Private Limited's registered office is in Vadodara, Gujarat. Its website is finexsieves.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address606 GIDC Makarpura, Vadodara, Gujarat, India – 390010
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Finex Sieves Private Limited, buy the company report.
Comprehensive company report
Finex Sieves 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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Brands
Finex Sieves operates one associated brand: Finex Sieves. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Design and manufacturing of powder and liquid processing machineries in India. | finexsieves.com |
Business activity
The main business activity of Finex Sieves is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Finex Sieves Private Limited, buy the company report.
Financials of Finex Sieves Private Limited
FY 2025 filings availableFinex Sieves Private Limited reported revenue of ₹5.88 Cr (up 53% YoY) for FY 2025.
Revenue · FY 2025
₹5.88 Cr ▲ 53%
Net profit · FY 2025
₹31.84 Lakh margin 5.4%
EBITDA · FY 2025
₹60.41 Lakh margin 10.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 44%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 69%
3 years · compounded
▲ 51%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 53% growth in the latest year. EBITDA rose 69% 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 | ₹60.41 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.84 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 | 10.3% | ||||
| Net Profit Margin | 5.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Finex Sieves Private Limited, buy the company report.
Board of directors of Finex Sieves Private Limited
Finex Sieves has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mikin Padmak Shah | Whole-Time Director | 14 Feb 2015 | 11 Years 8 Months | Current |
| Pallavi Padmak Shah | Whole-Time Director | 21 Sep 2006 | 20 Years 1 Months | Current |
| Mansi Nisheeth Desai | Director | 11 May 2023 | 3 Years 5 Months | Current |
| Padmak Hiralal Shah | Managing Director | 01 Dec 1984 | 41 Years 10 Months | Current |
Peer comparison
Finex Sieves Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omega Squarmatic Systems Private Limited | ₹5.9 Cr (FY 2017) | 245.0% | Pune, Maharashtra, India | |||
| Spintec Engineering Private Limited | ₹5.9 Cr (FY 2025) | 10.0% | Coimbatore, Tamil Nadu, India | |||
| Finex Sieves Private Limitedthis company | ₹5.88 Cr (FY 2025) | ₹31.84 Lakh | 5.4% | 53.0% | 17 | Vadodara, Gujarat, India |
| S P I Equipments India Private Limited | ₹5.86 Cr (FY 2023) | 26.0% | Coimbatore, Tamil Nadu, India | |||
| K S Projects and Process Engineers Private Limited | ₹5.84 Cr (FY 2025) | -38.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Finex Sieves Private Limited, buy the company report.
Auditor
Finex Sieves Private Limited is audited by Chandrakant & Sevantilal & J.K.Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chandrakant & Sevantilal & J.K.Shah & Co. | FY 2023 | 101676W |
Shareholding
The shareholding of Finex Sieves 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 Finex Sieves Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90 Lakh
Satisfied charges
₹1.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 1992 | 90108935 | Bank of India | ₹90 Lakh | Open | |
| 03 Mar 2014 | 10483111 | Bank of India | ₹95 Lakh | Satisfied | |
| 19 Oct 2000 | 90112623 | Bank of India | ₹3.76 Lakh | Satisfied | |
| 28 Dec 1994 | 90112231 | Bank of India | ₹3.56 Lakh | Satisfied | |
| 11 May 1993 | 90113092 | Bank of India | ₹70,000 | Satisfied |
To see the full charge records of Finex Sieves Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Finex Sieves Private Limited has 9 court cases on record: 5 filed by Finex Sieves, 4 filed against it. 3 cases are pending and 6 are disposed.
Total cases
9
Filed by the company
5
Filed against the company
4
Pending
3
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 3 | 2 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed against the company by Jindal Drugs Limited | Pending |
| District court, Vadodara, Gujarat | Court case (SPCS) | Filed by the company against Jindal Drugs Limited and 1 other | Pending |
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by Amerax Fire India Pvt Ltd | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Gujarat State Fertilizers and Chemicals Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Jindal Drugs Limited and 1 other | Disposed |
To see the full case history of Finex Sieves 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
Finex Sieves Private Limited has 4 MSME Form 1 returns on record between 2018 and 2021, listing 47 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| New Commercial Hydraulic | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Finex Sieves Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Finex Sieves Private Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-10.53%
GST
Finex Sieves has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACF2848Q1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Finex Sieves Private Limited, buy the company report.
Recent activity
Finex Sieves Private Limited has 9 board changes on record since 1984: 4 appointments and 5 cessations. The latest: Mansi Nisheeth Desai was appointed as Director on 11 May 2023.
AGM
Finex Sieves Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Finex Sieves Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Bank Of India of Rs. 90.00 Lakh registered on 20 Oct 1992 with Charge ID 90108935 was modified on 02 Dec 2024.
Appointed
Mansi Nisheeth Desai was appointed as Director.
Charges
A charge registered on 03 Mar 2014 via Charge ID 10483111 with Bank Of India was fully satisfied on 22 Jun 2020.
Charges
A charge registered on 19 Oct 2000 via Charge ID 90112623 with Bank Of India was fully satisfied on 22 Jun 2020.
Charges
A charge registered on 28 Dec 1994 via Charge ID 90112231 with Bank Of India was fully satisfied on 22 Jun 2020.
Charges
A charge registered on 11 May 1993 via Charge ID 90113092 with Bank Of India was fully satisfied on 22 Jun 2020.
Ceased
Hansaben Hiralal Shah ceased to be Whole-Time Director.
Ceased
Hiralal Amritlal Shah ceased to be Director.
Ceased
Mikin Padmak Shah ceased to be Director.
Ceased
Padmak Hiralal Shah ceased to be Director.
12 earlier events are in the company report.
Frequently asked questions
Finex Sieves is an active private limited company based in Vadodara, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 16 January 1981 (45+ years old) and is registered under CIN U27310GJ1981PTC004139.
Finex Sieves has 4 current directors:
- Padmak Hiralal Shah - Managing Director
- Mikin Padmak Shah - Whole-Time Director
- Pallavi Padmak Shah - Whole-Time Director
- Mansi Nisheeth Desai - Director
The latest financial statements of Finex Sieves 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 Finex Sieves is 24AAACF2848Q1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Finex Sieves is U27310GJ1981PTC004139. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finex Sieves has 9 court cases on record: 5 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Finex Sieves was incorporated on 16 January 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Finex Sieves by revenue are Omega Squarmatic Systems Private Limited, Spintec Engineering Private Limited, S P I Equipments India Private Limited, K S Projects and Process Engineers Private Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mansi Nisheeth Desai was appointed as Director on 11 May 2023. Hansaben Hiralal Shah ceased to be Whole-Time Director on 01 Oct 2018. Hiralal Amritlal Shah ceased to be Director on 01 Apr 2018. Finex Sieves has 9 board changes on record in total.
Yes, Finex Sieves is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0002879).
Finex Sieves has 4 MSME Form 1 returns on record between 2018 and 2021, listing 47 overdue payments to 23 micro and small suppliers. The latest return was filed on 13 May 2021.
Finex Sieves can be reached through the website finexsieves.com. Its registered office is in Vadodara, Gujarat, India.