About Indore Composite P Ltd
Data last updated:
Indore Composite P Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 07 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1994PTC077596. Its GSTIN is 27AAACI1091A1Z5 (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.81 Cr. It is led by directors including Mukesh Jethmal Sanghvi and Vallabh Roopchand Bhanshali.
Its last annual general meeting (AGM) was held on 27 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8 Marathon Icon Opp Ganpatrao Kadam Marg Opp Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹335.45 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹66.42 Cr (net margin 19.8%) and EBITDA of ₹110.21 Cr (EBITDA margin 32.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 17% over five years.
The company has about 314 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: Indore. As per MCA filings, the company has open charges of ₹129.03 Cr and satisfied charges of ₹18.92 Cr on record. Court records list 23 cases involving the company, including 16 filed by the company and 7 filed against it; 3 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹41 Cr; the latest was in August 2023. Its 10 peer companies in the Manufacturing industry (Cables and Wires, Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is KMG Wires Private Limited with revenue of ₹309.79 Cr. The company has 9 MSME Form 1 returns on record between 2020 and 2024, listing 203 overdue payments to 53 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indore.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address807 Floor – 8 Marathon Icon Opp Ganpatrao Kadam Marg Opp Peninsula Corporate Park Lower Parel, (W), Mumbai, Maharashtra, India – 400013
- IndustryManufacturing, Cable & Wire, Plastic-Based Products
- 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
- One PDF report, delivered after checkout
Associated Brands with Indore Composite P Ltd
Indore Composite P operates one associated brand: Indore. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cable protection solutions are provided by Indore in India. | indore.co.in |
Business Activity of Indore Composite P Ltd
The main business activity of Indore Composite P is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indore Composite P Ltd FY 2025 filings available
Indore Composite P Ltd reported revenue of ₹335.45 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indore Composite P Ltd
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 27% growth in the latest year. EBITDA rose 68% 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 Indore Composite P Ltd
| 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 | ₹335.45 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹110.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹66.42 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 Indore Composite P Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.8% | •••• | •••• | •••• | •••• |
| 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 Indore Composite P are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Indore Composite P Ltd
Indore Composite P has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Jethmal Sanghvi Also directs: Indore Speciality Materials Private Limited, Indore Gel Private Limited, Aar Cube Enterprise LLP and 1 more | Director | 07 Apr 1994 | 32 Years 6 Months | Current |
| Vallabh Roopchand Bhanshali Also directs: Everfresh Enterprises LLP, Force Motors Limited, Suroop Fresh Private Limited and 5 more | Director | 01 Apr 2002 | 24 Years 6 Months | Current |
| Saral Vallabh Bhanshali Also directs: Everfresh Enterprises LLP, Indore Speciality Materials Private Limited, Desh Apnayen Sahayog Foundation and 1 more | Director | 12 Dec 2022 | 3 Years 10 Months | Current |
| Ronak Mukesh Sanghvi Also directs: Indore Speciality Materials Private Limited, JMS Venture LLP | Director | 22 Dec 2022 | 3 Years 10 Months | Current |
Peer Comparison of Indore Composite P Ltd
Indore Composite P Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Cables and Wires, Plastic Based Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indore Composite P Ltd this company | ₹335.45 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| KMG Wires Private Limited | ₹309.79 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Mumbai, Maharashtra, India |
| East India Technologies Private Limited. | ₹308.48 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Greater Noida, Uttar Pradesh, India |
| Jainson Cables India Private Limited | ₹308.01 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Mehsana, Gujarat, India |
| Seoyon E-Hwa Summit Mobility Krishnagiri Private Limited | ₹307.5 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Kancheepuram, Tamil Nadu, India |
| Salasar Alloy and Steel Industries Private Limited | ₹306.71 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Nagpur, Maharashtra, India |
| Suprajit Automotive Private Limited | ₹303.15 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Bangalore, Karnataka, India |
| Veto Switchgears and Cables Limited Listed | ₹302.93 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Vasai, Maharashtra, India |
| SPR Takahata Precision India Private Limited | ₹297.74 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Tirupati Plastomatics Pvt Ltd | ₹295.21 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Jaipur, Rajasthan, India |
| Blow Packaging (India) Private Limited | ₹291.6 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Indore Composite P by revenue in the Manufacturing industry (Cables and Wires, Plastic Based Products), 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 Indore Composite P Ltd
Indore Composite P Ltd is audited by Singhi & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Singhi & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Indore Composite P Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indore Composite P Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 May 2021 | Others | ₹30 Cr | Open |
| 18 Apr 2019 | Hdfc Bank Limited | ₹45 Cr | Open |
| 21 May 2018 | The Hongkong and Shanghai Banking Corporation Limited | ₹30 Cr | Open |
| 04 Mar 2015 | Hdfc Bank Limited | ₹17.65 Cr | Open |
| 28 Feb 2015 | Hdfc Bank Limited | ₹4.5 Cr | Open |
Total charge records: 8 View all charges
Deals & Funding of Indore Composite P Ltd
Indore Composite P Ltd has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹41 Cr; the latest was in August 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round | ₹41 Cr | Investors: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Akash Bhanshali Family Office, 3 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indore Composite P Ltd
Indore Composite P Ltd has 23 court cases on record: 16 filed by Indore Composite P, 7 filed against it. 3 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 14 | 6 | 1 |
| High courts | 5 | 1 | 0 |
| District courts | 4 | 0 | 2 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Alwar, Rajasthan | Execution petition | Filed by the company against Shivpriya Cables Private Limited | Pending |
| District court, KHAIRTAL TIJARA, Rajasthan | Execution petition | Filed by the company against Shivpriya Cables Private Limited | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Rean Watertech Private Limited | Disposed |
| District court, Alwar, Rajasthan | Execution petition | Filed by the company against Shivpriya Cables Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Shivpriya Cables Pvt. Ltd. | Disposed |
Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Indore Composite P Ltd
Indore Composite P Ltd has 9 MSME Form 1 returns on record between 2020 and 2024, listing 203 overdue payments to 53 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 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shree Packers (MP) Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Allinfo India Private Limited | •••• | •••• | •••• |
| Inmac Computers Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Indore Composite P Ltd
Indore Composite P Ltd has a workforce of 314 employees as of Oct 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Indore Composite P Ltd
Indore Composite P has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Indore Speciality Materials Private Limited | U25209MH2022PTC395783 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Indore Composite P Ltd
Indore Composite P Ltd has 8 board changes on record since 1994: 4 appointments and 4 cessations. The latest: Ronak Mukesh Sanghvi ceased to be Additional Director on 09 Nov 2023.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indore Composite P Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indore Composite P Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indore Composite P Ltd
Indore Composite P has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1091A1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACI1091A2Z4 | Maharashtra | Active | 27 Sep 2017 |
| 23AAACI1091A1ZD | Madhya Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indore Composite P Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indore Composite P Ltd
Indore Composite P is an active private limited company based in Mumbai, Maharashtra, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 07 April 1994 (32+ years old) and is registered under CIN U25209MH1994PTC077596.
Indore Composite P reported revenue of ₹335.45 Cr for FY 2025 (up 27% YoY).
Indore Composite P has 4 current directors:
- Mukesh Jethmal Sanghvi - Director
- Vallabh Roopchand Bhanshali - Director
- Saral Vallabh Bhanshali - Director
- Ronak Mukesh Sanghvi - Director
Indore Composite P reported a net profit of ₹66.42 Cr (net margin 19.8%) and EBITDA of ₹110.21 Cr (EBITDA margin 32.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indore Composite P is -18% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indore Composite P is 27AAACI1091A1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACI1091A2Z4 (Maharashtra), 23AAACI1091A1ZD (Madhya Pradesh).
The CIN (Corporate Identification Number) of Indore Composite P is U25209MH1994PTC077596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indore Composite P has 23 court cases on record: 16 filed by the company and 7 filed against it. 3 are pending. Most are in the supreme court.
Indore Composite P was incorporated on 07 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Indore Composite P has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹41 Cr; the latest was in August 2023.
The peers of Indore Composite P by revenue are KMG Wires Private Limited, East India Technologies Private Limited, Jainson Cables India Private Limited, Seoyon E-Hwa Summit Mobility Krishnagiri Private Limited, Salasar Alloy and Steel Industries Private Limited and 5 more, all in the Manufacturing industry (Cables and Wires, Plastic Based Products).
Ronak Mukesh Sanghvi ceased to be Additional Director on 09 Nov 2023. Mangal Roopchand Bhanshali ceased to be Director on 22 Dec 2022. Ronak Mukesh Sanghvi was appointed as Director on 22 Dec 2022. Indore Composite P has 8 board changes on record in total.