About Goa Minerals Private Limited
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Goa Minerals Private Limited is a private limited company based in Goa, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 21 December 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U11201GA1982PTC000515. Its GSTIN is 30AAACG6716C1ZA (Goa). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.02 Lakh. It was formerly known as Offshore Engineers Private Limited. It is led by directors including Tushar Naik Madhukar and Ashwyn Kumar Nayak.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Salgaocar House F L Gomes Road. Vasco Da Gama, Goa, India – 403802.
As per the financials filed for FY 2025, the company reported a revenue of ₹158.49 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹47.48 Lakh (net margin 0.3%) and EBITDA of ₹8.31 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 110% over five years.
The company is associated with 1 brand: VMSB. As per MCA filings, the company has satisfied charges of ₹1.28 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vmsbgoa.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSalgaocar House F L Gomes Road. Vasco Da Gama, Goa, India – 403802
- IndustryMetals and Minerals, Mining & Mineral Extraction
- 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
- One PDF report, delivered after checkout
Business Activity of Goa Minerals Private Limited
The main business activity of Goa Minerals is manufacturing. In detail, this covers other manufacturing.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Goa Minerals Private Limited FY 2025 filings available
Goa Minerals Private Limited reported revenue of ₹158.49 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Goa Minerals Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 110% over five years, including 8% growth in the latest year. EBITDA rose 739% 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 of Goa Minerals Private Limited
| 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 | ₹8.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹47.48 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 of Goa Minerals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Goa Minerals are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Goa Minerals Private Limited
Goa Minerals Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Mining). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arima Minerals and Metals Private Limited | ₹167.98 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Tirunelveli, Tamil Nadu, India |
| Reliant Drilling Private Limited | ₹166.85 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Udaipur, Rajasthan, India |
| Hardesh Ores Private Limited | ₹164.11 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Goa, India |
| Sobhagya Mercantile Limited Listed | ₹160.41 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Lohagiri Industrials Private Limited | ₹159.45 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Sandur, Karnataka, India |
| Goa Minerals Private Limited this company | ₹158.49 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Goa, India |
| Thakur Buildtech Private Limited | ₹157.57 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Kalahandi, Odisha, India |
| Agrasen Sponge Private Limited | ₹154.85 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Rajgangpur, Odisha, India |
| Dhanlaxmi Merchandise Private Limited | ₹154.16 Cr (FY 2025) | •••• | •••• | 403.0% | •••• | Bhopal, Madhya Pradesh, India |
| Barbil Mining and Industries Private Limited | ₹153.88 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Barbil, Odisha, India |
| Ra Mining Private Limited | ₹153.79 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Goa Minerals by revenue in the Metals and Minerals industry (Mining), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Goa Minerals Private Limited
Goa Minerals Private Limited is audited by S. J. THALY & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. J. THALY & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Goa Minerals Private Limited
Goa Minerals has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Naik Madhukar Also directs: Nova Sancoale Services Private Limited, Amona Shipyard Private Limited, Goa Maritime Private Limited and 2 more | Director | 04 Jan 2016 | 10 Years 9 Months | Current |
| Ashwyn Kumar Nayak | Director | 30 Apr 2018 | 8 Years 5 Months | Current |
| Shivanand Vassudev Salgaocar Also directs: Srinidhi Real Estates LLP, Pyramid Developers LLP, Mahadhan Real Estates LLP and 5 more | Director | 16 Apr 1990 | 36 Years 6 Months | Current |
Ownership and Shareholding of Goa Minerals Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Goa Minerals Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Dec 1993 | Bank of Baroda | ₹62.2 Lakh | Satisfied |
| 20 Jul 1992 | Bank of Baroda | ₹38.38 Lakh | Satisfied |
| 18 Dec 1991 | Bank of Baroda | ₹6.16 Lakh | Satisfied |
| 23 Jul 1991 | Bank of Baroda | ₹4.82 Lakh | Satisfied |
| 17 Jul 1991 | Bank of Baroda | ₹16.34 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Goa Minerals Private Limited
Goa Minerals Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked between 03 Oct 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Civil suit | Filed against the company by an individual | Pending |
| Supreme Court | Appeal | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Goa Minerals Private Limited
Goa Minerals operates one associated brand: VMSB. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mining, processing, and exporting iron ore with a focus on sustainability and logistics in India. | vmsbgoa.com |
Employees and EPFO Compliance at Goa Minerals Private Limited
Employment history and EPFO contributions of people linked to Goa Minerals.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Goa Minerals Private Limited
Goa Minerals Private Limited has 13 board changes on record since 1990: 3 appointments and 10 cessations. The latest: Ashwyn Kumar Nayak ceased to be Additional Director on 24 Sep 2018.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Goa Minerals Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Goa Minerals Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Goa Minerals Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Goa Minerals Private Limited
Goa Minerals has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACG6716C1ZA | Goa | Active | 01 Jul 2017 |
| 29AAACG6716C1ZT | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Goa Minerals Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Goa Minerals Private Limited
Goa Minerals is an active private limited company based in Goa, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 21 December 1982 (44+ years old) and is registered under CIN U11201GA1982PTC000515.
Goa Minerals reported revenue of ₹158.49 Cr for FY 2025 (up 8% YoY).
Goa Minerals has 3 current directors:
- Tushar Naik Madhukar - Director
- Ashwyn Kumar Nayak - Director
- Shivanand Vassudev Salgaocar - Director
Goa Minerals reported a net profit of ₹47.48 Lakh (net margin 0.3%) and EBITDA of ₹8.31 Cr (EBITDA margin 5.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Goa Minerals is 37% over three years and 110% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Goa Minerals is 30AAACG6716C1ZA, registered in Goa. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACG6716C1ZT (Karnataka).
The CIN (Corporate Identification Number) of Goa Minerals is U11201GA1982PTC000515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goa Minerals has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the supreme court.
Goa Minerals was incorporated on 21 December 1982, making it 44+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Goa Minerals by revenue are Arima Minerals and Metals Private Limited, Reliant Drilling Private Limited, Hardesh Ores Private Limited, Sobhagya Mercantile Limited, Lohagiri Industrials Private Limited and 5 more, all in the Metals and Minerals industry (Mining).
Ashwyn Kumar Nayak ceased to be Additional Director on 24 Sep 2018. Ashwyn Kumar Nayak was appointed as Director on 30 Apr 2018. Dattaraj Vassudeva Salgaocar ceased to be Director on 30 Apr 2018. Goa Minerals has 13 board changes on record in total.