MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0049407
Gassafe India Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.1 Cr
▲ 47% YoY
Net profit · FY 2024
₹3.72 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹68.47 Lakh
EBITDA margin 8.5%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹3.99 Cr
Satisfied ₹2.5 Cr
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings
About Gassafe India Limited
Data last updated:
Gassafe India Limited is a public limited company based in Pune, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 14 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29253PN2013PLC148446. Its GSTIN is 27AAFCG3130R1ZB (Maharashtra). The company holds 11 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Milind Madhavrao Kulkarni and Prashant Vithalrao Deshpande.
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 Plot No.20 Gat No. 281/2 Kasar Amboli Tal. Mulshi, Pune, Maharashtra, India – 412108.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.1 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹3.72 Lakh (net margin 0.5%) and EBITDA of ₹68.47 Lakh (EBITDA margin 8.5%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
The company is associated with 1 brand: GasSafe India. As per MCA filings, the company has open charges of ₹3.99 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 2 cases are pending.
Gassafe India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0049407). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gassafe.net.in.
Company details
CIN U29253PN2013PLC148446
Registration Number 148446
Incorporation Date 14 August 2013
ROC Pune
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 Small
Udyam Registration UDYAM-MH-26-0049407
Key People
Milind Madhavrao Kulkarni Director Prashant Vithalrao Deshpande Director Nimish Milind Kulkarni Additional Director Recognitions & Rankings of Gassafe India
Contact details
Gassafe India Limited's registered office is in Pune, Maharashtra. Its website is gassafe.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.20 Gat No. 281/2 Kasar Amboli Tal. Mulshi, Pune, Maharashtra, India – 412108
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Gassafe India Limited, buy the company report.
Comprehensive company report
Gassafe India 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
Gassafe India operates one associated brand: GasSafe India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures gas safety devices for domestic and commercial leak prevention. | gassafe.net.in |
Business activity
The main business activity of Gassafe India 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 Gassafe India Limited, buy the company report.
Financials of Gassafe India Limited
FY 2025 filings availableGassafe India Limited reported revenue of ₹8.1 Cr (up 47% YoY) for FY 2024.
Revenue · FY 2024
₹8.1 Cr ▲ 47%
Net profit · FY 2024
₹3.72 Lakh margin 0.5%
EBITDA · FY 2024
₹68.47 Lakh margin 8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 19%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 8%
5 years · compounded
▼ 10%
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA fell 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹68.47 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.72 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Gassafe India Limited, buy the company report.
Board of directors of Gassafe India Limited
Gassafe India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Madhavrao Kulkarni | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Prashant Vithalrao Deshpande | Director | 19 Feb 2014 | 12 Years 8 Months | Current |
| Nimish Milind Kulkarni | Additional Director | 10 Oct 2024 | 2 Years 0 Months | Current |
Peer comparison
Gassafe India Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Trivikram Equipments and Services Private Limited | ₹8.12 Cr (FY 2024) | 15.0% | Coimbatore, Tamil Nadu, India | |||
| Mechzephyr Engineering Private Limited | ₹8.11 Cr (FY 2025) | 200.0% | Anekal, Karnataka, India | |||
| Gassafe India Limitedthis company | ₹8.1 Cr (FY 2024) | ₹3.72 Lakh | 0.5% | 47.0% | Pune, Maharashtra, India | |
| Hatim Dielectrics Pvt Ltd | ₹8.09 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Gassafe India Limited, buy the company report.
Auditor
Gassafe India Limited is audited by Manish Viral & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manish Viral & Co. | FY 2023 | 136016W |
Shareholding
The shareholding of Gassafe India 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 Gassafe India Limited, buy the company report.
Charges & borrowings
Open charges
₹3.99 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2020 | 100366035 | Others | ₹5 Lakh | Open | |
| 17 Nov 2018 | 100220088 | Others | ₹8.8 Lakh | Open | |
| 07 Aug 2018 | 100215849 | Others | ₹34.89 Lakh | Open | |
| 29 Feb 2016 | 10626688 | Hdfc Bank Limited | ₹3.51 Cr | Open | |
| 31 Oct 2013 | 10462217 | Punjab National Bank | ₹2.5 Cr | Satisfied |
To see the full charge records of Gassafe India Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Gassafe India Limited has 5 court cases on record: 5 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed against the company
5
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Solapur, Maharashtra | Court case (R.C.C.) | Filed against the company by State of Maharashtra and 1 other | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Government of India | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company | Disposed |
To see the full case history of Gassafe India 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 Gassafe India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gassafe India has 11 GST registrations: 1 active and 10 cancelled or inactive.
Total GSTINs
11
Active
1
Cancelled / inactive
10
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCG3130R1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gassafe India Limited, buy the company report.
Recent activity
Gassafe India Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Nimish Milind Kulkarni was appointed as Additional Director on 10 Oct 2024.
AGM
Gassafe India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gassafe India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Nimish Milind Kulkarni was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 3.51 Cr registered on 29 Feb 2016 with Charge ID 10626688 was modified on 10 Mar 2021.
Charges
A charge with Others amounted to Rs. 0.05 Cr with Charge ID 100366035 was registered on 07 Jul 2020.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100220088 was registered on 17 Nov 2018.
Charges
A charge with Others amounted to Rs. 0.35 Cr with Charge ID 100215849 was registered on 07 Aug 2018.
Ceased
Prashant Vithalrao Deshpande ceased to be Additional Director.
Charges
A charge registered on 31 Oct 2013 via Charge ID 10462217 with Punjab National Bank was fully satisfied on 25 Apr 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.51 Cr with Charge ID 10626688 was registered on 29 Feb 2016.
Ceased
Mohnish Omprakash Aurora ceased to be Director.
Ceased
Satish Balkrishna Tambe ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Gassafe India is an active public limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 14 August 2013 (13+ years old) and is registered under CIN U29253PN2013PLC148446.
Gassafe India has 3 current directors:
- Milind Madhavrao Kulkarni - Director
- Prashant Vithalrao Deshpande - Director
- Nimish Milind Kulkarni - Additional Director
The latest financial statements of Gassafe India 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 Gassafe India is 27AAFCG3130R1ZB, registered in Maharashtra. The company has 11 GST registrations in all, of which 1 is active and 10 are cancelled or inactive.
The CIN (Corporate Identification Number) of Gassafe India is U29253PN2013PLC148446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gassafe India has 5 court cases on record: 5 filed against it. 2 are pending.
Gassafe India was incorporated on 14 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Gassafe India by revenue are Trivikram Equipments and Services Private Limited, Mechzephyr Engineering Private Limited, Hatim Dielectrics Pvt Ltd, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Nimish Milind Kulkarni was appointed as Additional Director on 10 Oct 2024. Prashant Vithalrao Deshpande ceased to be Additional Director on 30 Sep 2016. Mohnish Omprakash Aurora ceased to be Director on 01 Apr 2014. Gassafe India has 6 board changes on record in total.
Yes, Gassafe India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0049407).
Gassafe India can be reached through the website gassafe.net.in. Its registered office is in Pune, Maharashtra, India.
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