Lift Systems (India) Private Limited
About Lift Systems (India) Private Limited
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Lift Systems (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 09 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32109MH1995PTC084468. Its GSTIN is 27AAACO0460B1Z2 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Mukesh Mukundrai Kanodra and Bhagwatilal Rikhablal Jain.
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 1311 Navjivan Societybldg No 3 Lamington Road, Mumbai, Maharashtra, India – 400008.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.71 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net profit of ₹5.47 Lakh (net margin 37.2%) and EBITDA of ₹5.71 Lakh (EBITDA margin 38.8%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 36% over five years.
As per MCA filings, the company has satisfied charges of ₹1.24 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Lift Systems (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1311 Navjivan Societybldg No 3 Lamington Road, Mumbai, Maharashtra, India – 400008
- IndustryTrading, Retail Trading, Retailers
To see the full contact details of Lift Systems (India) Private Limited, buy the company report.
- 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
Financials of Lift Systems (India) Private Limited
FY 2025 filings availableLift Systems (India) Private Limited reported revenue of ₹14.71 Lakh (down 85% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 85% fall in the latest year. EBITDA fell 66% 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 |
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| Total Expenses | |||||
| EBITDA | ₹5.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.47 Lakh | ||||
| Balance Sheet | |||||
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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 | 38.8% | ||||
| Net Profit Margin | 37.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Lift Systems (India) Private Limited, buy the company report.
Board of directors of Lift Systems (India) Private Limited
Lift Systems (India) has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Mukundrai Kanodra Also directs: Sagar Construction Lifts (India) LLP | Director | 14 Dec 2020 | 5 Years 10 Months | Current |
| Bhagwatilal Rikhablal Jain Also directs: Rikhab Exports LLP | Director | 09 Jan 1995 | 31 Years 9 Months | Current |
| Angelo Martini Also directs: GMV India Private Limited | Director | 29 Mar 2003 | 23 Years 7 Months | Current |
Auditor
Lift Systems (India) Private Limited is audited by A V AROLKAR AND CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V AROLKAR AND CO. | FY 2017 | 100542W |
Shareholding
The shareholding of Lift Systems (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lift Systems (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Nov 1995 | 90154975 | Bank of India | ₹77 Lakh | Satisfied | |
| 05 Oct 1995 | 90156185 | Bank of India | ₹20 Lakh | Satisfied | |
| 05 Oct 1995 | 90159479 | Bank of India | ₹27 Lakh | Satisfied |
To see the full charge records of Lift Systems (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Lift Systems (India) Private Limited has 2 court cases on record: 2 filed by Lift Systems (India). All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India, Through Secretary, Minisytry of Finance, Dept of Revenue and Ors | Disposed |
To see the full case history of Lift Systems (India) 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 Lift Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lift Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO0460B1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lift Systems (India) Private Limited, buy the company report.
Recent activity
Lift Systems (India) Private Limited has 6 board changes on record since 1995: 3 appointments and 3 cessations. The latest: Surrendra Mohan Hajela ceased to be Managing Director on 23 Jun 2022.
6 earlier events are in the company report.
Frequently asked questions
Lift Systems (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in retail trading, within the trading industry. It was incorporated on 09 January 1995 (31+ years old) and is registered under CIN U32109MH1995PTC084468.
Lift Systems (India) has 3 current directors:
- Mukesh Mukundrai Kanodra - Director
- Bhagwatilal Rikhablal Jain - Director
- Angelo Martini - Director
The latest financial statements of Lift Systems (India) 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 Lift Systems (India) is 27AAACO0460B1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Lift Systems (India) is U32109MH1995PTC084468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lift Systems (India) has 2 court cases on record: 2 filed by the company.
Lift Systems (India) was incorporated on 09 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Surrendra Mohan Hajela ceased to be Managing Director on 23 Jun 2022. Mukesh Mukundrai Kanodra ceased to be Additional Director on 31 Dec 2020. Mukesh Mukundrai Kanodra was appointed as Director on 14 Dec 2020. Lift Systems (India) has 6 board changes on record in total.
The registered office of Lift Systems (India) is at 1311 Navjivan Societybldg No 3 Lamington Road, Mumbai, Maharashtra, India – 400008.
Lift Systems (India) operates in the trading industry, in the retail trading segment.
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