MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-04-0006707
Grind Master Machines Private Limited - machinery and equipment in Aurangabad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹111.57 Cr
▼ 11% YoY
Net profit · FY 2025
₹1.79 Cr
Net margin 1.6%
EBITDA · FY 2025
₹6.75 Cr
EBITDA margin 6%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹62.13 Lakh
Issued & subscribed
Open charges
₹34 Cr
Satisfied ₹29.16 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
196
Provident fund records
About Grind Master Machines Private Limited
Data last updated:
Grind Master Machines Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 08 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29100MH1993PTC075518. Its GSTIN is 27AABCG1936H1ZQ (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹62.13 Lakh. It was formerly known as Grind Master Machine Pvt Ltd. It is led by directors including Milind Dinkar Kelkar (Managing Director) and Sameer Milind Kelkar (Whole-Time Director).
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 B – 11/B – 14 MIDC Railwaystation, Aurangabad, Maharashtra, India – 431005.
As per the financials filed for FY 2025, the company reported a revenue of ₹111.57 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.79 Cr (net margin 1.6%) and EBITDA of ₹6.75 Cr (EBITDA margin 6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 196 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹34 Cr and satisfied charges of ₹29.16 Cr on record. Court records list 23 cases involving the company, including 17 filed by the company and 6 filed against it; 12 cases are pending. The company has 8 deals on record (7 secondary share transfers, 1 acquisition); the latest was in March 2025. Its 10 peer companies in the Machinery and Equipment industry (Process Machinery) are compared by revenue, 5 larger and 5 smaller; the largest is Indotech Industries (I) Private Limited with revenue of ₹114.38 Cr.
Grind Master Machines Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0006707). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grindmaster.co.in.
Company Details of Grind Master Machines Private Limited
CIN U29100MH1993PTC075518
Registration Number 075518
Incorporation Date 08 December 1993
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 Medium
Udyam Registration UDYAM-MH-04-0006707
Key People
Milind Dinkar Kelkar Managing Director Sameer Milind Kelkar Whole-Time Director Ravindra Pralhad Gokhale Additional Director Recognitions & Rankings of Grind Master Machines
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 11/B – 14 MIDC Railwaystation, Aurangabad, Maharashtra, India – 431005
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
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Business Activity of Grind Master Machines Private Limited
The main business activity of Grind Master Machines is manufacturing. In detail, this covers metal and metal products and plastic products, non-metallic mineral products, rubber products, fabricated metal products. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Grind Master Machines Private Limited FY 2024 filings available
Grind Master Machines Private Limited reported revenue of ₹111.57 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹111.57 Cr ▼ 11%
Net profit · FY 2025
₹1.79 Cr margin 1.6%
EBITDA · FY 2025
₹6.75 Cr margin 6%
Compounded Annual Growth Rate (CAGR) of Grind Master Machines Private Limited
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 1%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 29%
5 years · compounded
▼ 21%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 11% fall in the latest year. EBITDA fell 46% 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 Grind Master Machines 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 | ₹6.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.79 Cr | •••• | •••• | •••• | •••• |
| 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 Grind Master Machines Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Grind Master Machines are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Grind Master Machines Private Limited
Grind Master Machines has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Pralhad Gokhale | Additional Director | 06 Mar 2024 | 2 Years 7 Months | Current |
| Milind Dinkar Kelkar | Managing Director | 05 Apr 2004 | 22 Years 6 Months | Current |
| Sameer Milind Kelkar | Whole-Time Director | 13 Nov 2025 | 0 Years 11 Months | Current |
Peer Comparison of Grind Master Machines Private Limited
Grind Master Machines Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indotech Industries (I) Private Limited | ₹114.38 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Indore, Madhya Pradesh, India |
| Jupiter Roll Form Machines Private Limited | ₹113.97 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Rajkot, Gujarat, India |
| Texfab Engineers (India) Private Limited | ₹113.35 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Surat, Gujarat, India |
| New Avm Systech Private Limited | ₹113.15 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Chinchwad, Maharashtra, India |
| Shavo Norgren (India) Private Limited | ₹111.96 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Grind Master Machines Private Limited this company | ₹111.57 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Aurangabad, Maharashtra, India |
| Gallium Industries Limited | ₹110.51 Cr (FY 2016) | •••• | •••• | 168.0% | •••• | New Delhi, Delhi, India |
| Echaar Equipments Private Limited | ₹109.62 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Mumbai, Maharashtra, India |
| Cee Dee Vacuum Equipment Pvt Ltd | ₹108.69 Cr (FY 2025) | •••• | •••• | 95.0% | •••• | Pune, Maharashtra, India |
| Dong Woo Surface Tech ( India ) Private Limited | ₹108.31 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Thiruvallur, Tamil Nadu, India |
| Shri Hanumanji Roller Flour Mills Private Limited | ₹106.69 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Alwar, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Grind Master Machines by revenue in the Machinery and Equipment industry (Process Machinery), 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 Grind Master Machines Private Limited
Grind Master Machines Private Limited is audited by V D ABHYANKAR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V D ABHYANKAR & ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Grind Master Machines Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Grind Master Machines Private Limited
Open charges
₹34 Cr
Satisfied charges
₹29.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2005 | Axis Bank Limited | ₹34 Cr | Open |
| 25 Nov 2022 | Yes Bank Limited | ₹10 Cr | Satisfied |
| 06 Mar 2020 | Sidbi | ₹1.19 Cr | Satisfied |
| 15 Mar 2019 | Sidbi | ₹2 Cr | Satisfied |
| 28 Sep 2017 | Others | ₹20 Lakh | Satisfied |
Total charge records: 14 View all charges
Deals & Funding of Grind Master Machines Private Limited
Grind Master Machines Private Limited has 8 deals on record (7 secondary share transfers, 1 acquisition); the latest was in March 2025.
Total deals
8
Secondary share transfers
7
Acquisition
1
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Sep 2022 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Jul 2020 | Secondary share transfer | Undisclosed | Seller: an individual |
| Apr 2020 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
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Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Grind Master Machines Private Limited
Grind Master Machines Private Limited has 23 court cases on record: 17 filed by Grind Master Machines, 6 filed against it. 12 cases are pending and 11 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Total cases
23
Filed by the company
17
Filed against the company
6
Pending
12
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 1 | 8 |
| High courts | 7 | 5 | 4 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Commercial suit | Filed by the company against Super Iron Foundry Ltd | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Sunraj Systems Private Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by Super Iron Foundary Pvt. Ltd | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Super Iron Foundary Pvt. Ltd | Pending |
| District court, Aurangabad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
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Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Grind Master Machines Private Limited
Grind Master Machines Private Limited has a workforce of 196 employees as of Apr 05, 2024.
Employee count
196
Active EPFO establishments
1
Employee growth
-5.31%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Grind Master Machines Private Limited
Grind Master Machines Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Sameer Milind Kelkar was appointed as Whole-Time Director on 13 Nov 2025.
Appointed
Sameer Milind Kelkar was appointed as Whole-Time Director.
Charges
A charge registered on 28 Sep 2017 via Charge ID 100152771 with Others was fully satisfied on 04 Mar 2025.
AGM
Grind Master Machines Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Grind Master Machines Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 25 Nov 2022 via Charge ID 100666049 with Yes Bank Limited was fully satisfied on 18 Mar 2024.
Appointed
Ravindra Pralhad Gokhale was appointed as Additional Director.
Charges
A charge registered on 06 Mar 2020 via Charge ID 100328821 with Sidbi was fully satisfied on 03 Jan 2024.
Charges
A charge registered on 15 Mar 2019 via Charge ID 100244858 with Sidbi was fully satisfied on 03 Jan 2024.
Charges
A charge registered on 24 Jun 2016 via Charge ID 100038697 with Sidbi was fully satisfied on 03 Jan 2024.
Charges
A charge with Axis Bank Limited of Rs. 34.00 Cr registered on 26 Nov 2005 with Charge ID 80006765 was modified on 05 Oct 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100666049 was registered on 25 Nov 2022.
Charges
A charge registered on 02 Mar 2017 via Charge ID 100082600 with Sidbi was fully satisfied on 19 Jul 2022.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Grind Master Machines Private Limited
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MSME Payment Delays by Grind Master Machines Private Limited
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Subsidiaries & Group Companies of Grind Master Machines Private Limited
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Corporate group structure
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GST Compliance of Grind Master Machines Private Limited
Grind Master Machines has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG1936H1ZQ | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Grind Master Machines Private Limited
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Frequently Asked Questions about Grind Master Machines Private Limited
Grind Master Machines is an active private limited company based in Aurangabad, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 08 December 1993 (33+ years old) and is registered under CIN U29100MH1993PTC075518.
Grind Master Machines reported revenue of ₹111.57 Cr for FY 2025 (down 11% YoY).
Grind Master Machines has 3 current directors:
- Milind Dinkar Kelkar - Managing Director
- Sameer Milind Kelkar - Whole-Time Director
- Ravindra Pralhad Gokhale - Additional Director
Grind Master Machines reported a net profit of ₹1.79 Cr (net margin 1.6%) and EBITDA of ₹6.75 Cr (EBITDA margin 6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Grind Master Machines is -1% over three years and -5% over five years. In the latest year (FY 2025) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Grind Master Machines is 27AABCG1936H1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Grind Master Machines is U29100MH1993PTC075518. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grind Master Machines has 23 court cases on record: 17 filed by the company and 6 filed against it. 12 are pending. Most are in the district courts.
Grind Master Machines was incorporated on 08 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Grind Master Machines has 8 deals on record (7 secondary share transfers, 1 acquisition); the latest was in March 2025.
The peers of Grind Master Machines by revenue are Indotech Industries (I) Private Limited, Jupiter Roll Form Machines Private Limited, Texfab Engineers (India) Private Limited, New Avm Systech Private Limited, Shavo Norgren (India) Private Limited and 5 more, all in the Machinery and Equipment industry (Process Machinery).