MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0012674
Inco Mechel Pvt Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.8 Cr
▲ 53% YoY
Net profit · FY 2024
₹1.08 Cr
Net margin 10%
EBITDA · FY 2024
₹1.5 Cr
EBITDA margin 13.9%
Authorised capital
₹24 Lakh
Registered with MCA
Paid-up capital
₹8.73 Lakh
Issued & subscribed
Open charges
₹2.93 Cr
Secured borrowings
Company age
42 yrs
Est. 1984
Directors on board
5
As per MCA filings
About Inco Mechel Pvt Limited
Data last updated:
Inco Mechel Pvt Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the sports equipment manufacturing segment of the consumer goods sector. It was incorporated on 16 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29192MH1984PTC033165. Its GSTIN is 27AAACI1693L1ZA (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹8.73 Lakh. It is led by directors including Suhas Gajanan Gawande and Vikaash Khetaan.
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 901 Maker Chambers Vnariman Point, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.8 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹1.08 Cr (net margin 10%) and EBITDA of ₹1.5 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹2.93 Cr on record. Court records list 22 cases involving the company, including 19 filed by the company and 3 filed against it; 6 cases are pending.
Inco Mechel Pvt Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0012674). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inco.in.
Company details
CIN U29192MH1984PTC033165
Registration Number 033165
Incorporation Date 16 June 1984
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 Small
Udyam Registration UDYAM-MH-19-0012674
Recognitions & Rankings of Inco Mechel
Contact details
Inco Mechel Pvt Limited's registered office is in Mumbai, Maharashtra. Its website is inco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address901 Maker Chambers Vnariman Point, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Sports Equipment Manufacturing
To see the full contact details of Inco Mechel Pvt Limited, buy the company report.
Comprehensive company report
Inco Mechel Pvt 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
Business activity
The main business activity of Inco Mechel is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Inco Mechel Pvt Limited, buy the company report.
Financials of Inco Mechel Pvt Limited
FY 2025 filings availableInco Mechel Pvt Limited reported revenue of ₹10.8 Cr (up 53% YoY) for FY 2024.
Revenue · FY 2024
₹10.8 Cr ▲ 53%
Net profit · FY 2024
₹1.08 Cr margin 10%
EBITDA · FY 2024
₹1.5 Cr margin 13.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 80%
5 years · compounded
▲ 37%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 238%
5 years · compounded
▲ 83%
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 53% growth in the latest year. EBITDA rose 39% 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 | ₹1.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.08 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.9% | ||||
| Net Profit Margin | 10% | ||||
| 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 Inco Mechel Pvt Limited, buy the company report.
Board of directors of Inco Mechel Pvt Limited
Inco Mechel has 5 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 |
|---|---|---|---|---|
| Suhas Gajanan Gawande | Director | 01 Mar 2010 | 16 Years 7 Months | Current |
| Vikaash Khetaan Also directs: Bowling and Billiards Association of India | Director | 01 Sep 2017 | 9 Years 1 Months | Current |
| Ajaykant Ramprasad Ruia Also directs: Shivhari Films Private Limited, Ab Color Private Ltd, Silver Soaps Private Limited and 5 more | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Advait Krishna Ruia Also directs: Shivhari Films Private Limited, Ab Color Private Ltd, Silver Soaps Private Limited and 5 more | Director | 21 Aug 2015 | 11 Years 2 Months | Current |
| Shephali Ajaykant Ruia Also directs: Ab Color Private Ltd, Silver Soaps Private Limited, Trafo Power Private Limited and 3 more | Director | 27 Aug 1998 | 28 Years 2 Months | Current |
Auditor
Inco Mechel Pvt Limited is audited by SMMP & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SMMP & ASSOCIATES | FY 2022 | 120438W |
Shareholding
The shareholding of Inco Mechel Pvt Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Inco Mechel Pvt Limited, buy the company report.
Charges & borrowings
Open charges
₹2.93 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2025 | 101140792 | Others | ₹2 Cr | Open | |
| 30 Nov 2024 | 101014741 | Others | ₹92.5 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Inco Mechel Pvt Limited has 22 court cases on record: 19 filed by Inco Mechel, 3 filed against it. 6 cases are pending and 16 are disposed.
Total cases
22
Filed by the company
19
Filed against the company
3
Pending
6
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 3 | 3 |
| District courts | 7 | 0 | 3 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by Silver Bay Marine Gear Private Limited | Pending |
| High Court | Court case (CARBP) | Filed against the company by Silver Bay Marine Gear Private Limited | Pending |
| High Court | Arbitration matter | Filed by the company against Silver Bay Marine Gear Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Silver Bay Marine Gear Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Company petition | Filed by the company against Silver Bay Marine Gear Private Limited and Ors. and 2 others | Disposed |
To see the full case history of Inco Mechel Pvt 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 Inco Mechel Pvt Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Inco Mechel has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1693L1ZA | Maharashtra | Active | 01 Jul 2017 |
| 26AAACI1693L2ZB | Dadra and Nagar Haveli and Daman and Diu | Active | 11 Jun 2018 |
To see the full GST registrations and return filing status of Inco Mechel Pvt Limited, buy the company report.
Recent activity
Inco Mechel Pvt Limited has 10 board changes on record since 1998: 5 appointments and 5 cessations. The latest: Ajaykant Ramprasad Ruia was appointed as Director on 01 Jan 2021.
AGM
Inco Mechel Pvt Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 101140792 was registered on 22 Jul 2025.
Filing
Inco Mechel Pvt Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 92.50 Lakh with Charge ID 101014741 was registered on 30 Nov 2024.
Appointed
Ajaykant Ramprasad Ruia was appointed as Director.
Ceased
Vikaash Khetaan ceased to be Additional Director.
Appointed
Vikaash Khetaan was appointed as Director.
Ceased
Advait Krishna Ruia ceased to be Additional Director.
Appointed
Advait Krishna Ruia was appointed as Director.
Ceased
Ritwik Ajaykant Ruia ceased to be Director.
Appointed
Suhas Gajanan Gawande was appointed as Director.
Ceased
Ajaykant Ramprasad Ruia ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Inco Mechel is an active private limited company based in Mumbai, Maharashtra, India. The company works in sports equipment manufacturing, within the consumer goods industry. It was incorporated on 16 June 1984 (42+ years old) and is registered under CIN U29192MH1984PTC033165.
Inco Mechel has 5 current directors:
- Suhas Gajanan Gawande - Director
- Vikaash Khetaan - Director
- Ajaykant Ramprasad Ruia - Director
- Advait Krishna Ruia - Director
- Shephali Ajaykant Ruia - Director
The latest financial statements of Inco Mechel 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 Inco Mechel is 27AAACI1693L1ZA, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 26AAACI1693L2ZB (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Inco Mechel is U29192MH1984PTC033165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inco Mechel has 22 court cases on record: 19 filed by the company and 3 filed against it. 6 are pending. Most are in the high courts.
Inco Mechel was incorporated on 16 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Ajaykant Ramprasad Ruia was appointed as Director on 01 Jan 2021. Vikaash Khetaan ceased to be Additional Director on 29 Sep 2018. Vikaash Khetaan was appointed as Director on 01 Sep 2017. Inco Mechel has 10 board changes on record in total.
Yes, Inco Mechel is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0012674).
Inco Mechel can be reached through the website inco.in. Its registered office is in Mumbai, Maharashtra, India.