MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-04-0000992
Igl Industries Limited - automotive in Aurangabad, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.84 Cr
▼ 15% YoY
Net loss · FY 2025
₹5.24 Cr
Net margin -21.1%
EBITDA · FY 2025
-₹61.58 Lakh
EBITDA margin -2.5%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹4.94 Cr
Issued & subscribed
Satisfied charges
₹70.08 Cr
No open charges
Company age
15 yrs
Est. 2011
Employees · EPFO
43
Provident fund records
About Igl Industries Limited
Data last updated:
Igl Industries Limited is a public limited company based in Aurangabad, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 15 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2011PLC216318. Its GSTIN is 27AACCI5958E1ZF (Maharashtra).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.94 Cr. It was formerly known as Indsur Gears Limited. It is led by directors including Sureshbhai Mensibhai Mokariya and Pawan Kumar Nagar.
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 Aurangabad, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.84 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹5.24 Cr (net margin -21.1%) and EBITDA of -₹61.58 Lakh (EBITDA margin -2.5%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 18% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indsur Gears. As per MCA filings, the company has satisfied charges of ₹70.08 Cr on record. Court records list 19 cases involving the company, including 13 filed by the company and 6 filed against it; 5 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹13.32 Cr; the latest was in March 2020.
Igl Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0000992). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indsur.com.
Company details
CIN U29253MH2011PLC216318
Registration Number 216318
Incorporation Date 15 April 2011
ROC Mumbai
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 Medium
Udyam Registration UDYAM-MH-04-0000992
Name history
Igl Industries has undergone 2 name changes throughout its history. The company was previously known as Indsur Gears Limited, and Igl Industries Limited. The current legal name is Igl Industries Limited.
| Company Name | Status |
|---|---|
| Igl Industries Limited | Current |
| Indsur Gears Limited | Previous |
Key People
Sureshbhai Mensibhai Mokariya Additional Director Pawan Kumar Nagar Additional Director Yogesh Singh Additional Director Recognitions & Rankings of Igl Industries
Contact details
Igl Industries Limited's registered office is in Aurangabad, Maharashtra. Its website is indsur.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGala No. D – 12 D – Wing, Plot No. 25/1 MIDC Chikalthana, Aurangabad, Maharashtra, India – 431001
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Igl Industries Limited, buy the company report.
Comprehensive company report
Igl Industries 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
Brands
Igl Industries operates one associated brand: Indsur Gears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality steel products for automobile castings and other industrial applications. | indsur.com |
Business activity
The main business activity of Igl Industries is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Igl Industries Limited, buy the company report.
Financials of Igl Industries Limited
FY 2025 filings availableIgl Industries Limited reported revenue of ₹24.84 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹24.84 Cr ▼ 15%
Net loss · FY 2025
₹5.24 Cr margin -21.1%
EBITDA · FY 2025
-₹61.58 Lakh margin -2.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 22%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 15% fall 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 | ₹24.84 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹61.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.24 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.5% | ||||
| Net Profit Margin | -21.1% | ||||
| 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 Igl Industries Limited, buy the company report.
Board of directors of Igl Industries Limited
Igl Industries has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshbhai Mensibhai Mokariya | Additional Director | 25 Feb 2026 | 0 Years 7 Months | Current |
| Pawan Kumar Nagar | Additional Director | 25 Feb 2026 | 0 Years 7 Months | Current |
| Yogesh Singh | Additional Director | 25 Feb 2026 | 0 Years 7 Months | Current |
Auditor
Igl Industries Limited is audited by S M BANGAD & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M BANGAD & CO | FY 2024 | 100974W |
Shareholding
The shareholding of Igl Industries 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 Igl Industries Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹70.08 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2023 | 100701201 | Others | ₹16 Cr | Satisfied | |
| 25 Oct 2021 | 100521423 | Others | ₹1.5 Cr | Satisfied | |
| 16 Sep 2021 | 100489743 | Others | ₹37.25 Lakh | Satisfied | |
| 29 Aug 2020 | 100365702 | Others | ₹74.5 Lakh | Satisfied | |
| 30 Nov 2018 | 100249067 | Others | ₹4.73 Cr | Satisfied |
To see the full charge records of Igl Industries Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Igl Industries Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹13.32 Cr; the latest was in March 2020.
Total deals
7
Secondary share transfers
5
Funding rounds
2
Disclosed funding
₹13.32 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Indsur Traders LLP Seller: Elixir Financial Services Private Limited |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Castings Dynamics Limited |
| May 2014 | Funding round | ₹9.37 Cr | Investors: Castings Dynamics Limited , Indsur Traders LLP , 2 individuals |
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Castings Dynamics Limited |
| Jul 2011 | Funding round | ₹3.95 Cr | Investors: Indsur Traders LLP , Castings Dynamics Limited |
To see the full deal history of Igl Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Igl Industries Limited has 19 court cases on record: 13 filed by Igl Industries, 6 filed against it. 5 cases are pending and 14 are disposed.
Total cases
19
Filed by the company
13
Filed against the company
6
Pending
5
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 0 |
| District courts | 6 | 4 | 4 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against M/S. Vijay Enterprises | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed by the company against Axis Bank Limited | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Axis Bank Limited | Disposed |
| District court, Aurangabad, Maharashtra | Arbitration matter | Filed against the company by Vardhaman Auto Componants Pvt. Ltd. | Pending |
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Igl Industries 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 Igl Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Igl Industries Limited has a workforce of 43 employees on its EPFO records as of Oct 19, 2025, across 1 active EPFO establishment.
Employee count
43
Active EPFO establishments
1
Employee growth
-14%
GST
Igl Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI5958E1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Igl Industries Limited, buy the company report.
Recent activity
Igl Industries Limited has 16 board changes on record since 2014: 6 appointments and 10 cessations. The latest: Pawan Kumar Nagar was appointed as Additional Director on 25 Feb 2026.
Appointed
Pawan Kumar Nagar was appointed as Additional Director.
Appointed
Sureshbhai Mensibhai Mokariya was appointed as Additional Director.
Appointed
Yogesh Singh was appointed as Additional Director.
AGM
Igl Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Ajay Ramrao Shinde ceased to be Director.
Charges
A charge registered on 24 Mar 2023 via Charge ID 100701201 with Others was fully satisfied on 14 Aug 2025.
Filing
Igl Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Others of Rs. 16.00 Cr registered on 24 Mar 2023 with Charge ID 100701201 was modified on 02 Aug 2023.
Ceased
Siddhant Sachin Karwa ceased to be Director.
Charges
A charge registered on 16 Sep 2021 via Charge ID 100489743 with Others was fully satisfied on 04 May 2023.
Charges
A charge registered on 29 Aug 2020 via Charge ID 100365702 with Others was fully satisfied on 04 May 2023.
Charges
A charge registered on 30 Nov 2018 via Charge ID 100249067 with Others was fully satisfied on 04 May 2023.
29 earlier events are in the company report.
Frequently asked questions
Igl Industries is an active public limited company based in Aurangabad, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 15 April 2011 (15+ years old) and is registered under CIN U29253MH2011PLC216318.
Igl Industries has 3 current directors:
- Sureshbhai Mensibhai Mokariya - Additional Director
- Pawan Kumar Nagar - Additional Director
- Yogesh Singh - Additional Director
The latest financial statements of Igl Industries 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 Igl Industries is 27AACCI5958E1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Igl Industries is U29253MH2011PLC216318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igl Industries has 19 court cases on record: 13 filed by the company and 6 filed against it. 5 are pending. Most are in the high courts.
Igl Industries was incorporated on 15 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Igl Industries has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹13.32 Cr; the latest was in March 2020.
Pawan Kumar Nagar was appointed as Additional Director on 25 Feb 2026. Sureshbhai Mensibhai Mokariya was appointed as Additional Director on 25 Feb 2026. Yogesh Singh was appointed as Additional Director on 25 Feb 2026. Igl Industries has 16 board changes on record in total.
Yes, Igl Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-04-0000992).