About L&T - Mhi Power Boilers Private Limited
Data last updated:
L&T - Mhi Power Boilers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Larsen And Toubro Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 09 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29119MH2006PTC165102. Its GSTIN is 27AABCL2635C1ZX (Maharashtra). The company holds 15 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹235 Cr and a paid-up capital of ₹234.1 Cr. It was formerly known as L&T Boilers Private Limited and L&T- Mhps Boilers Private Limited. It is led by directors including Dharmendra Kumar Shrivastava (Whole-Time Director) and Tatsuo Shibahara (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at L&T House Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹956.02 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹37.19 Cr (net margin -3.9%) and EBITDA of -₹18.05 Cr (EBITDA margin -1.9%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 15% over five years.
The company has about 1,154 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,904 Cr and satisfied charges of ₹354.35 Cr on record. Court records list 21 cases involving the company, including 7 filed by the company and 14 filed against it; 7 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹150.09 Cr; the latest was in December 2022. The company has 6 MSME Form 1 returns on record between 2017 and 2020, listing 30 overdue payments to 14 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 lntmhipower.com.
Company details
Name history
L&T - Mhi Power Boilers has undergone 3 name changes throughout its history. The company was previously known as L&T Boilers Private Limited, L&T- Mhps Boilers Private Limited, and L&T - Mhi Boilers Private Limited. The current legal name is L&T - Mhi Power Boilers Private Limited.
| Company Name | Status |
|---|---|
| L&T - Mhi Power Boilers Private Limited | Current |
| L&T Boilers Private Limited | Previous |
| L&T- Mhps Boilers Private Limited | Previous |
| L&T - Mhi Boilers Private Limited | Previous |
Contact details
L&T - Mhi Power Boilers Private Limited's registered office is in Mumbai, Maharashtra. Its website is lntmhipower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressL&T House Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of L&T - Mhi Power Boilers 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
Business activity
The main business activity of L&T - Mhi Power Boilers is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of L&T - Mhi Power Boilers Private Limited, buy the company report.
Financials of L&T - Mhi Power Boilers Private Limited
FY 2025 filings availableL&T - Mhi Power Boilers Private Limited reported revenue of ₹956.02 Cr (down 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 21% fall 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 | -₹18.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹37.19 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 | -1.9% | ||||
| Net Profit Margin | -3.9% | ||||
| 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 L&T - Mhi Power Boilers Private Limited, buy the company report.
Board of directors of L&T - Mhi Power Boilers Private Limited
L&T - Mhi Power Boilers has 6 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Takeshi Umeda Also directs: L&T - Mhi Power Turbine Generators Private Limited | Director | 19 Oct 2022 | 4 Years 0 Months | Current |
| Satish Narayan Palekar | Director | 27 May 2025 | 1 Years 5 Months | Current |
| Dharmendra Kumar Shrivastava | Whole-Time Director | 02 Jul 2023 | 3 Years 4 Months | Current |
| Bhavani Koneru | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
| Kazuhiro Domoto | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
| Tatsuo Shibahara Also directs: L&T - Mhi Power Turbine Generators Private Limited | Whole-Time Director | 28 Apr 2023 | 3 Years 6 Months | Current |
Auditor
L&T - Mhi Power Boilers Private Limited is audited by Sharp & Tannan for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharp & Tannan | FY 2024 | 109982W |
Shareholding
The shareholding of L&T - Mhi Power Boilers 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 L&T - Mhi Power Boilers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2016 | 100035430 | Axis Bank Limited | ₹640 Cr | Open | |
| 27 Feb 2014 | 10485899 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 01 Jun 2011 | 10293039 | Canara Bank | ₹14 Cr | Open | |
| 21 Sep 2010 | 10244456 | Others | ₹200 Cr | Open | |
| 25 May 2010 | 10230836 | Others | ₹900 Cr | Open |
To see the full charge records of L&T - Mhi Power Boilers Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
L&T - Mhi Power Boilers Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹150.09 Cr; the latest was in December 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Mitsubishi Heavy Industries Limited Seller: Mitsubishi Power Limited |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: Mitsubishi Power Limited Seller: Mitsubishi Heavy Industries Limited |
| Mar 2011 | Rights issue | ₹84 Cr | Investors: Larsen and Toubro Limited , Mitsubishi Heavy Industries Limited |
| Apr 2009 | Funding round | ₹100 Cr | Investors: Larsen and Toubro Limited , Mitsubishi Heavy Industries Limited |
| Apr 2007 | Funding round | ₹50.09 Cr | Investors: Larsen and Toubro Limited , Mitsubishi Heavy Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
L&T - Mhi Power Boilers Private Limited has 21 court cases on record: 7 filed by L&T - Mhi Power Boilers, 14 filed against it. 7 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 6 | 4 |
| District courts | 9 | 8 | 3 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Arbitration matter | Filed against the company by Neyveli Uttar Pradesh Power Limited | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against NTPC Ltd. | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against Venkatesh Logistics Pvt Ltd | Pending |
| High Court, HARYANA | Court case (FAO-CARB) | Filed against the company by M/S Edac Engineering Ltd | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by NTPC Ltd | Disposed |
To see the full case history of L&T - Mhi Power Boilers 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
L&T - Mhi Power Boilers Private Limited was last rated by Care on 16 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Mar 2020 |
To see the full credit ratings and regulatory alerts of L&T - Mhi Power Boilers Private Limited, buy the company report.
MSME payment delays
L&T - Mhi Power Boilers Private Limited has 6 MSME Form 1 returns on record between 2017 and 2020, listing 30 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kingsley Engineering Services | |||
| an individual supplier | |||
| Ratan Projects & Engineering Co. Private Limited | |||
| Pinax Steel Industries Private Limited | |||
| an individual supplier |
To see the full MSME payment records of L&T - Mhi Power Boilers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
L&T - Mhi Power Boilers Private Limited has a workforce of 1,154 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,154 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of L&T - Mhi Power Boilers Private Limited, buy the company report.
GST
L&T - Mhi Power Boilers has 15 GST registrations: 8 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL2635C1ZX | Maharashtra | Active | 01 Jul 2017 |
| 08AABCL2635C1ZX | Rajasthan | Active | 01 Jul 2017 |
| 09AABCL2635C1ZV | Uttar Pradesh | Active | 01 Jul 2017 |
| 23AABCL2635C1Z5 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of L&T - Mhi Power Boilers Private Limited, buy the company report.
Recent activity
L&T - Mhi Power Boilers Private Limited has 76 board changes on record since 2006: 41 appointments and 35 cessations. The latest: Satish Narayan Palekar was appointed as Director on 27 May 2025.
78 earlier events are in the company report.
Frequently asked questions
L&T - Mhi Power Boilers is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 09 October 2006 (20+ years old) and is registered under CIN U29119MH2006PTC165102.
L&T - Mhi Power Boilers has 6 current directors:
- Dharmendra Kumar Shrivastava - Whole-Time Director
- Tatsuo Shibahara - Whole-Time Director
- Takeshi Umeda - Director
- Satish Narayan Palekar - Director
- Bhavani Koneru - Director
- Kazuhiro Domoto - Director
The latest financial statements of L&T - Mhi Power Boilers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of L&T - Mhi Power Boilers is 27AABCL2635C1ZX, registered in Maharashtra. The company has 15 GST registrations in all, of which 8 are active and 7 are cancelled or inactive. Other active GSTINs include 08AABCL2635C1ZX (Rajasthan), 09AABCL2635C1ZV (Uttar Pradesh), 23AABCL2635C1Z5 (Madhya Pradesh).
The CIN (Corporate Identification Number) of L&T - Mhi Power Boilers is U29119MH2006PTC165102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
L&T - Mhi Power Boilers has 21 court cases on record: 7 filed by the company and 14 filed against it. 7 are pending. Most are in the high courts.
L&T - Mhi Power Boilers was incorporated on 09 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
L&T - Mhi Power Boilers has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹150.09 Cr; the latest was in December 2022.
Satish Narayan Palekar was appointed as Director on 27 May 2025. Derek Michael Shah ceased to be Director on 15 May 2025. Anup Sahay ceased to be Director on 15 Jun 2024. L&T - Mhi Power Boilers has 76 board changes on record in total.
L&T - Mhi Power Boilers has 6 MSME Form 1 returns on record between 2017 and 2020, listing 30 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2020.
L&T - Mhi Power Boilers can be reached through the website lntmhipower.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
