MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0005084
Indiana Drives & Engineering Private Limited - energy and power in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.97 Cr
▼ 43% YoY
Net loss · FY 2025
₹53.45 Lakh
Net margin -27.1%
EBITDA · FY 2025
-₹21.7 Lakh
EBITDA margin -11%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹3.92 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
7
Provident fund records
About Indiana Drives & Engineering Private Limited
Data last updated:
Indiana Drives & Engineering Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 17 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31401MH2013PTC249285. Its GSTIN is 27AADCI4002N1ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Urmila Rajendra Gawli and Rajendra Gangaram Gavali.
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 Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.97 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹53.45 Lakh (net margin -27.1%) and EBITDA of -₹21.7 Lakh (EBITDA margin -11%). Revenue has grown at a compounded annual rate (CAGR) of 3% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indianacart. As per MCA filings, the company has open charges of ₹3.92 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Indiana Drives & Engineering Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0005084). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indianadrives.com.
Company details
CIN U31401MH2013PTC249285
Registration Number 249285
Incorporation Date 17 October 2013
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 Micro
Udyam Registration UDYAM-MH-33-0005084
Key People
Urmila Rajendra Gawli Director Rajendra Gangaram Gavali Director Indrajeet Pandurang Gavali Director Recognitions & Rankings of Indiana Drives & Engineering
Contact details
Indiana Drives & Engineering Private Limited's registered office is in Thane, Maharashtra. Its website is indianadrives.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 222/7 MIDC Mahape, Ttc Industrial Area Navi Mumbai, Thane, Maharashtra, India – 400706
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Indiana Drives & Engineering Private Limited, buy the company report.
Comprehensive company report
Indiana Drives & Engineering Private 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
Indiana Drives & Engineering operates one associated brand: Indianacart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial supplies, VFD spare parts, and equipment services by Indianacart. | indianacart.com |
Business activity
The main business activity of Indiana Drives & Engineering is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Indiana Drives & Engineering Private Limited, buy the company report.
Financials of Indiana Drives & Engineering Private Limited
FY 2025 filings availableIndiana Drives & Engineering Private Limited reported revenue of ₹1.97 Cr (down 43% YoY) for FY 2025.
Revenue · FY 2025
₹1.97 Cr ▼ 43%
Net loss · FY 2025
₹53.45 Lakh margin -27.1%
EBITDA · FY 2025
-₹21.7 Lakh margin -11%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 265%
3 years · compounded
▼ 84%
5 years · compounded
▼ 41%
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 265% 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 | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹21.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.45 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11% | ||||
| Net Profit Margin | -27.1% | ||||
| 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 Indiana Drives & Engineering Private Limited, buy the company report.
Board of directors of Indiana Drives & Engineering Private Limited
Indiana Drives & Engineering 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 |
|---|---|---|---|---|
| Urmila Rajendra Gawli Also directs: Indiana Drives & Services Private Limited, Tech Indianacart Marketplace Private Limited, Indcart Private Limited and 1 more | Director | 17 Oct 2013 | 13 Years 0 Months | Current |
| Rajendra Gangaram Gavali Also directs: Tech Indianacart Marketplace Private Limited | Director | 18 Apr 2019 | 7 Years 6 Months | Current |
| Indrajeet Pandurang Gavali | Director | 12 May 2025 | 1 Years 5 Months | Current |
Auditor
Indiana Drives & Engineering Private Limited is audited by Utkarsh Mehta and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Utkarsh Mehta and Associates | FY 2023 | 135431W |
Shareholding
The shareholding of Indiana Drives & Engineering Private 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 Indiana Drives & Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.92 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2024 | 100997800 | Others | ₹3.5 Cr | Open | |
| 25 Jan 2024 | 100903091 | Others | ₹42 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Indiana Drives & Engineering Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by Asva Power Systems India Pvt Ltd | Pending |
To see the full case history of Indiana Drives & Engineering Private 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 Indiana Drives & Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indiana Drives & Engineering Private Limited has a workforce of 7 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-46.15%
GST
Indiana Drives & Engineering has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI4002N1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indiana Drives & Engineering Private Limited, buy the company report.
Recent activity
Indiana Drives & Engineering Private Limited has 7 board changes on record since 2013: 3 appointments and 4 cessations. The latest: Indrajeet Pandurang Gavali was appointed as Director on 12 May 2025.
AGM
Indiana Drives & Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Indrajeet Pandurang Gavali was appointed as Director.
Filing
Indiana Drives & Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Others amounted to Rs. 350.00 Lakh with Charge ID 100997800 was registered on 04 Nov 2024.
Charges
A charge with Others amounted to Rs. 42.00 Lakh with Charge ID 100903091 was registered on 25 Jan 2024.
Ceased
Aniket Chandrashekhar Gawali ceased to be Managing Director.
Ceased
Rajendra Gangaram Gavali ceased to be Additional Director.
Ceased
Paresh Mukund Paranjape ceased to be Additional Director.
Appointed
Rajendra Gangaram Gavali was appointed as Director.
Ceased
Chandrashekhar Gangaram Gawli ceased to be Director.
Appointed
Urmila Rajendra Gawli was appointed as Director.
Incorporation
17 Oct 2013
Indiana Drives & Engineering Private Limited was registered on 17 Oct 2013 with Roc Mumbai Ii & aged 13 years 18 days as per MCA records.
Frequently asked questions
Indiana Drives & Engineering is an active private limited company based in Thane, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 17 October 2013 (13+ years old) and is registered under CIN U31401MH2013PTC249285.
Indiana Drives & Engineering has 3 current directors:
- Urmila Rajendra Gawli - Director
- Rajendra Gangaram Gavali - Director
- Indrajeet Pandurang Gavali - Director
The latest financial statements of Indiana Drives & Engineering 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 Indiana Drives & Engineering is 27AADCI4002N1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Indiana Drives & Engineering is U31401MH2013PTC249285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiana Drives & Engineering has 1 court case on record: 1 filed against it. 1 is pending.
Indiana Drives & Engineering was incorporated on 17 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Indrajeet Pandurang Gavali was appointed as Director on 12 May 2025. Aniket Chandrashekhar Gawali ceased to be Managing Director on 01 Jul 2023. Rajendra Gangaram Gavali ceased to be Additional Director on 23 Sep 2019. Indiana Drives & Engineering has 7 board changes on record in total.
Yes, Indiana Drives & Engineering is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0005084).
Indiana Drives & Engineering can be reached through the website indianadrives.com. Its registered office is in Thane, Maharashtra, India.
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