MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-23-0000513
Indoline Industries Private Limited - consumer electronics & durables in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹79.43 Cr
▼ 18% YoY
Net loss · FY 2025
₹1.55 Cr
Net margin -1.9%
EBITDA · FY 2025
₹1.68 Cr
EBITDA margin 2.1%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.89 Cr
Issued & subscribed
Open charges
₹21.3 Cr
Satisfied ₹2.5 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
379
Provident fund records
About Indoline Industries Private Limited
Data last updated:
Indoline Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 15 September 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36100MH1987PTC044674. Its GSTIN is 27AAACH5731L1ZG (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.89 Cr. It was formerly known as Huzaifa Furniture Industries Pvt Ltd. It is led by directors including Adnan Latif Nensey and Husain Sultan Ali Nensey.
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 Tps IV Near Almeda Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.43 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Cr (net margin -1.9%) and EBITDA of ₹1.68 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over five years.
The company has about 379 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indoline. As per MCA filings, the company has open charges of ₹21.3 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending.
Indoline Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0000513). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indoline.in.
Company details
CIN U36100MH1987PTC044674
Registration Number 044674
Incorporation Date 15 September 1987
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-23-0000513
CIN history
Indoline Industries has one previous CIN (Corporate Identification Number): U36100MH2004PTC044674. The current CIN is U36100MH1987PTC044674, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36100MH1987PTC044674 | Current |
| U36100MH2004PTC044674 | Previous |
Key People
Adnan Latif Nensey Director Husain Sultan Ali Nensey Director Nissa Hoosein Nensey Director Recognitions & Rankings of Indoline Industries
Contact details
Indoline Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is indoline.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address401 Crescent P. No. 37 Banatwalla Chs. Tps IV Near Almeda Park 9th Road Bandra (West, ), Mumbai, Maharashtra, India – 400050
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Indoline Industries Private Limited, buy the company report.
Comprehensive company report
Indoline Industries 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
Indoline Industries operates one associated brand: Indoline. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality, customized modular furniture solutions. | indoline.in |
Business activity
The main business activity of Indoline Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Indoline Industries Private Limited, buy the company report.
Financials of Indoline Industries Private Limited
FY 2024 filings availableIndoline Industries Private Limited reported revenue of ₹79.43 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹79.43 Cr ▼ 18%
Net loss · FY 2025
₹1.55 Cr margin -1.9%
EBITDA · FY 2025
₹1.68 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 8%
5 years · compounded
▲ 7%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 58% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.55 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 | 2.1% | ||||
| Net Profit Margin | -1.9% | ||||
| 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 Indoline Industries Private Limited, buy the company report.
Board of directors of Indoline Industries Private Limited
Indoline Industries has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adnan Latif Nensey | Director | 27 Dec 2019 | 6 Years 10 Months | Current |
| Husain Sultan Ali Nensey Also directs: Saif Furniture Industries Private Limited, Huzaifa Decor Private Limited, Techno Crest Private Limited and 1 more | Director | 28 Sep 1991 | 35 Years 1 Months | Current |
| Nissa Hoosein Nensey Also directs: Techno Crest Private Limited, HSN Holdings Private Limited | Director | 28 Sep 1991 | 35 Years 1 Months | Current |
| Saif Hoosein Nensey Also directs: Saif Furniture Industries Private Limited, Huzaifa Decor Private Limited, Techno Crest Private Limited and 1 more | Director | 15 Jan 2003 | 23 Years 9 Months | Current |
Peer comparison
Indoline Industries Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vista Retail Private Limited | ₹83.24 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Space Design Furniture and Fixtures India Private Limited | ₹80.56 Cr (FY 2024) | 22.0% | Bangalore, Karnataka, India | |||
| Indoline Industries Private Limitedthis company | ₹79.43 Cr (FY 2025) | -₹1.55 Cr | -1.9% | -18.0% | 379 | Mumbai, Maharashtra, India |
| A.B.M Wood- Decor Private Limited | ₹78.6 Cr (FY 2024) | 24.0% | Surat, Gujarat, India | |||
| Impression Furniture Industries Private Limited | ₹76.7 Cr (FY 2024) | 18.0% | Bhopal, Madhya Pradesh, India | |||
| Triveni Household Items Manufacturers Private Limited | ₹75.92 Cr (FY 2025) | 5.0% | Noida, Uttar Pradesh, India | |||
| J H Wood Firms Private Limited | ₹75.21 Cr (FY 2025) | 52.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indoline Industries Private Limited, buy the company report.
Auditor
Indoline Industries Private Limited is audited by C. M. Gabhawala & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. M. Gabhawala & Co. | FY 2024 | 102870W |
Shareholding
The shareholding of Indoline Industries 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 Indoline Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹21.3 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2021 | 100527602 | Indian Bank | ₹64.29 Lakh | Open | |
| 10 May 2021 | 100447686 | Indian Bank | ₹1.11 Cr | Open | |
| 12 Oct 2012 | 10383203 | Indian Bank | ₹19.56 Cr | Open | |
| 23 Sep 2008 | 10126544 | Development Credit Bank Limited | ₹1 Cr | Satisfied | |
| 01 Aug 2000 | 90223170 | Development Credit Bank Ltd. | ₹25 Lakh | Satisfied |
To see the full charge records of Indoline Industries Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Indoline Industries Private Limited has 6 court cases on record: 3 filed by Indoline Industries, 3 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
3
Filed against the company
3
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Phonex Enterprises THR. Nilesh Kadam | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Scarlet Concepts and Solution Pvt.Ltd., and 3 others | Disposed |
| Bombay High Court | Appeal | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Indoline Industries 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
Indoline Industries Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 1,463 overdue payments to 104 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 104)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Berger Hesse Wood Coatings Private Limited | |||
| Firmedge Plastic Manufacturing Private Limited | |||
| Asian Pre-Lam Industries Private Limited | |||
| an individual supplier | |||
| Adal Timber Co. |
To see the full MSME payment records of Indoline Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indoline Industries Private Limited has a workforce of 379 employees on its EPFO records as of Oct 11, 2025, across 1 active EPFO establishment.
Employee count
379
Active EPFO establishments
1
Employee growth
12.13%
GST
Indoline Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH5731L1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AACCJ3744P1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indoline Industries Private Limited, buy the company report.
Recent activity
Indoline Industries Private Limited has 5 board changes on record since 1991: 4 appointments and 1 cessation. The latest: Adnan Latif Nensey ceased to be Additional Director on 31 Dec 2020.
AGM
Indoline Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Indoline Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Indian Bank of Rs. 19.56 Cr registered on 12 Oct 2012 with Charge ID 10383203 was modified on 17 Jun 2022.
Charges
A charge with Indian Bank amounted to Rs. 0.64 Cr with Charge ID 100527602 was registered on 30 Dec 2021.
Charges
A charge with Indian Bank amounted to Rs. 1.11 Cr with Charge ID 100447686 was registered on 10 May 2021.
Ceased
Adnan Latif Nensey ceased to be Additional Director.
Appointed
Adnan Latif Nensey was appointed as Director.
Charges
A charge registered on 23 Sep 2008 via Charge ID 10126544 with Development Credit Bank Limited was fully satisfied on 11 Jun 2013.
Charges
A charge registered on 01 Aug 2000 via Charge ID 90223170 with Development Credit Bank Ltd. was fully satisfied on 11 Jun 2013.
Charges
A charge registered on 15 May 2000 via Charge ID 90223141 with Development Credit Bank Ltd. was fully satisfied on 11 Jun 2013.
Charges
A charge with Indian Bank amounted to Rs. 19.56 Cr with Charge ID 10383203 was registered on 12 Oct 2012.
Charges
A charge with Development Credit Bank Limited amounted to Rs. 1.00 Cr with Charge ID 10126544 was registered on 23 Sep 2008.
7 earlier events are in the company report.
Frequently asked questions
Indoline Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 15 September 1987 (39+ years old) and is registered under CIN U36100MH1987PTC044674.
Indoline Industries has 4 current directors:
- Adnan Latif Nensey - Director
- Husain Sultan Ali Nensey - Director
- Nissa Hoosein Nensey - Director
- Saif Hoosein Nensey - Director
The latest financial statements of Indoline Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Indoline Industries is 27AAACH5731L1ZG, 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 27AACCJ3744P1Z3 (Maharashtra).
The CIN (Corporate Identification Number) of Indoline Industries is U36100MH1987PTC044674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indoline Industries has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Indoline Industries was incorporated on 15 September 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indoline Industries by revenue are Vista Retail Private Limited, Space Design Furniture and Fixtures India Private Limited, A.B.M Wood- Decor Private Limited, Impression Furniture Industries Private Limited, Triveni Household Items Manufacturers Private Limited and 1 more, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Adnan Latif Nensey ceased to be Additional Director on 31 Dec 2020. Adnan Latif Nensey was appointed as Director on 27 Dec 2019. Saif Hoosein Nensey was appointed as Director on 15 Jan 2003. Indoline Industries has 5 board changes on record in total.
Yes, Indoline Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-23-0000513).
Indoline Industries has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 1,463 overdue payments to 104 micro and small suppliers. The latest return was filed on 29 Nov 2019.
Indoline Industries can be reached through the website indoline.in. Its registered office is in Mumbai, Maharashtra, India.
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