MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0007675
Jasubhai Engineering Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹74.29 Cr
▼ 30% YoY
Net loss · FY 2025
₹27 Cr
Net margin -36.3%
EBITDA · FY 2025
-₹23.78 Cr
EBITDA margin -32%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹38.04 Lakh
Issued & subscribed
Open charges
₹89.2 Cr
Satisfied ₹37.68 Cr
Company age
47 yrs
Est. 1979
Employees · EPFO
442
Provident fund records
About Jasubhai Engineering Private Limited
Data last updated:
Jasubhai Engineering Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 January 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ1979PTC003277. Its GSTIN is 24AAACP2503N1ZM (Gujarat). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹38.04 Lakh. It was formerly known as Progressive Fittings Private Limited. It is led by directors including Maulik Jasubhai Shah (Managing Director) and Hariharan Raman (Whole-Time Director).
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 64A GIDC Industrial Areavatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2025, the company reported a revenue of ₹74.29 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹27 Cr (net margin -36.3%) and EBITDA of -₹23.78 Cr (EBITDA margin -32%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 6% over five years.
The company has about 442 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Jasubhai Engineering and Jasubhai. As per MCA filings, the company has open charges of ₹89.2 Cr and satisfied charges of ₹37.68 Cr on record. Court records list 26 cases involving the company, including 14 filed by the company and 12 filed against it.
Jasubhai Engineering Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0007675). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jasubhaiengineering.com.
Company details
CIN U27109GJ1979PTC003277
Registration Number 003277
Incorporation Date 25 January 1979
ROC Ahmedabad
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-GJ-01-0007675
Key People
Maulik Jasubhai Shah Managing Director Hariharan Raman Whole-Time Director Ira Maulik Shah Director Recognitions & Rankings of Jasubhai Engineering
Contact details
Jasubhai Engineering Private Limited's registered office is in Ahmedabad, Gujarat. Its website is jasubhaiengineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address64A GIDC Industrial Areavatva, Ahmedabad, Gujarat, India – 382445
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Jasubhai Engineering Private Limited, buy the company report.
Comprehensive company report
Jasubhai 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
Jasubhai Engineering operates two associated brands: Jasubhai Engineering and Jasubhai. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering solutions in precision manufacturing, energy, material handling, and automation for process industries. | jasubhaiengineering.com | |
| Provider of media, business, and IT services for chemical industry | jasubhai.com |
Business activity
The main business activities of Jasubhai Engineering are manufacturing, trade and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Jasubhai Engineering Private Limited, buy the company report.
Financials of Jasubhai Engineering Private Limited
FY 2025 filings availableJasubhai Engineering Private Limited reported revenue of ₹74.29 Cr (down 30% YoY) for FY 2025.
Revenue · FY 2025
₹74.29 Cr ▼ 30%
Net loss · FY 2025
₹27 Cr margin -36.3%
EBITDA · FY 2025
-₹23.78 Cr margin -32%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▲ 8%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 285%
3 years · compounded
▼ 62%
5 years · compounded
▼ 32%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 30% fall in the latest year. EBITDA fell 285% 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹23.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| 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 | -32% | ||||
| Net Profit Margin | -36.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Jasubhai Engineering Private Limited, buy the company report.
Board of directors of Jasubhai Engineering Private Limited
Jasubhai Engineering has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hariharan Raman Also directs: Taypro Private Limited, Conscious Craft Private Limited | Whole-Time Director | 10 Apr 2024 | 2 Years 6 Months | Current |
| Ira Maulik Shah | Director | 15 Jan 2016 | 10 Years 9 Months | Current |
| Rustom Vakil Jal Also directs: Startix Business Hub Private Limited, Maulik Business Services Private Limited, Optimum Edge Engineering Private Limited and 4 more | Director | 20 May 2016 | 10 Years 5 Months | Current |
| Maulik Jasubhai Shah | Managing Director | 03 Sep 2001 | 25 Years 1 Months | Current |
Auditor
Jasubhai Engineering Private Limited is audited by AV GANDHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AV GANDHI & CO. | FY 2023 | 141344W |
Shareholding
The shareholding of Jasubhai 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 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 Jasubhai Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹89.2 Cr
Satisfied charges
₹37.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2025 | 101156841 | Others | ₹40 Cr | Open | |
| 16 May 2023 | 100726661 | Others | ₹43.2 Cr | Open | |
| 31 Aug 2016 | 100053063 | Axis Bank Limited | ₹6 Cr | Open | |
| 18 Jun 2021 | 100453620 | Others | ₹1.5 Cr | Satisfied | |
| 25 Jan 2018 | 100155940 | Citi Bank N.A. | ₹3.52 Cr | Satisfied |
To see the full charge records of Jasubhai Engineering Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Jasubhai Engineering Private Limited has 26 court cases on record: 14 filed by Jasubhai Engineering, 12 filed against it. All cases are disposed.
Total cases
26
Filed by the company
14
Filed against the company
12
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 7 | 0 |
| High courts | 10 | 5 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (AO) | Filed against the company by Oswal Chemicals and Fertilizers Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by Oswal Chemicals and Fertilizers Limited | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Natural Petrochemicals Private Limited and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Managing Director - Natural Petrochemicals Private Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RCA) | Filed against the company by The Indian Seamless Metal - Tubes Ltd | Disposed |
To see the full case history of Jasubhai 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.
Credit ratings & regulatory alerts
Jasubhai Engineering Private Limited was last rated by Crisil on 22 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Sep 2020 |
To see the full credit ratings and regulatory alerts of Jasubhai Engineering Private Limited, buy the company report.
MSME payment delays
Jasubhai Engineering Private Limited has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,036 overdue payments to 101 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 101)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Unimark Labs | |||
| A V Gandhi & Co | |||
| an individual supplier |
To see the full MSME payment records of Jasubhai Engineering Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Jasubhai Engineering has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Teamp Engineering Solutions Private Limited | U74999GJ2022PTC134514 |
To see the full group structure of Jasubhai Engineering Private Limited, buy the company report.
Employees & EPFO
Jasubhai Engineering Private Limited has a workforce of 442 employees on its EPFO records as of Nov 12, 2024, across 4 active EPFO establishments.
Employee count
442
Active EPFO establishments
4
Employee growth
-52.93%
GST
Jasubhai Engineering has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
5
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACP2503N1ZM | Gujarat | Active | 01 Jul 2017 |
| 24AAACP2503N2ZL | Gujarat | Active | 01 Jul 2017 |
| 27AAACP2503N1ZG | Maharashtra | Active | 01 Jul 2017 |
| 33AAACP2503N1ZN | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jasubhai Engineering Private Limited, buy the company report.
Recent activity
Jasubhai Engineering Private Limited has 11 board changes on record since 2001: 4 appointments and 7 cessations. The latest: Hariharan Raman was appointed as Whole-Time Director on 10 Apr 2024.
AGM
Jasubhai Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 43.20 Cr registered on 16 May 2023 with Charge ID 100726661 was modified on 16 Sep 2025.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101156841 was registered on 28 Aug 2025.
Charges
A charge registered on 05 Jan 1999 via Charge ID 90316062 with State Bank Of India was fully satisfied on 04 Apr 2025.
Filing
Jasubhai Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 18 Jun 2021 via Charge ID 100453620 with Others was fully satisfied on 22 Oct 2024.
Charges
A charge with Axis Bank Limited of Rs. 6.00 Cr registered on 31 Aug 2016 with Charge ID 100053063 was modified on 30 Apr 2024.
Appointed
Hariharan Raman was appointed as Whole-Time Director.
Charges
A charge registered on 04 Jul 1997 via Charge ID 90315870 with Others was fully satisfied on 25 Aug 2023.
Charges
A charge registered on 25 Jan 2018 via Charge ID 100155940 with Citi Bank N.A. was fully satisfied on 29 May 2023.
Charges
A charge with Others amounted to Rs. 43.20 Cr with Charge ID 100726661 was registered on 16 May 2023.
Charges
A charge with Others of Rs. 21.07 Cr registered on 04 Jul 1997 with Charge ID 90315870 was modified on 03 Aug 2022.
37 earlier events are in the company report.
Frequently asked questions
Jasubhai Engineering is an active private limited company based in Ahmedabad, Gujarat, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 25 January 1979 (47+ years old) and is registered under CIN U27109GJ1979PTC003277.
Jasubhai Engineering has 4 current directors:
- Maulik Jasubhai Shah - Managing Director
- Hariharan Raman - Whole-Time Director
- Ira Maulik Shah - Director
- Rustom Vakil Jal - Director
The latest financial statements of Jasubhai 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 Jasubhai Engineering is 24AAACP2503N1ZM, registered in Gujarat. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 24AAACP2503N2ZL (Gujarat), 27AAACP2503N1ZG (Maharashtra), 33AAACP2503N1ZN (Tamil Nadu).
The CIN (Corporate Identification Number) of Jasubhai Engineering is U27109GJ1979PTC003277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jasubhai Engineering has 26 court cases on record: 14 filed by the company and 12 filed against it. Most are in the district courts.
Jasubhai Engineering was incorporated on 25 January 1979, making it 47+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hariharan Raman was appointed as Whole-Time Director on 10 Apr 2024. Ira Maulik Shah ceased to be Additional Director on 24 Sep 2016. Rustom Vakil Jal ceased to be Additional Director on 24 Sep 2016. Jasubhai Engineering has 11 board changes on record in total.
Yes, Jasubhai Engineering is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0007675).
Jasubhai Engineering has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,036 overdue payments to 101 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Jasubhai Engineering can be reached through the website jasubhaiengineering.com. Its registered office is in Ahmedabad, Gujarat, India.