M G I Industries Private Limited
About M G I Industries Private Limited
Data last updated:
M G I Industries Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 04 June 2012.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ2012PTC070584. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.38 Cr. It was formerly known as Khushboo Ship Breaking Private Limited. It was led by directors Moulik Kishorechand Bansal and Kishorechand Kakaram Bansal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.85 Lakh. For the same year it recorded a net loss of ₹1.27 Lakh (net margin -32.9%) and EBITDA of ₹3.55 Lakh (EBITDA margin 92.1%). Revenue has grown at a compounded annual rate (CAGR) of 101% over five years.
As per MCA filings, the company has open charges of ₹155.54 Cr on record.
Company details
Contact details
M G I Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address702 Addor Aspire Complex.Comm.Ser.Soc.Ltd. Addor Aspire Near Jahanvee Road Univesi, Ty, Ahmedabad, Gujarat, India – 380015
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of M G I Industries 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 M G I Industries Private Limited
FY 2023 filings availableM G I Industries Private Limited reported revenue of ₹3.85 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 101% over five years. EBITDA rose 226% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹3.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.27 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.1% | ||||
| Net Profit Margin | -32.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of M G I Industries Private Limited, buy the company report.
Board of directors of M G I Industries Private Limited
M G I Industries has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Moulik Kishorechand Bansal | Director | 21 Jul 2021 | 5 Years 3 Months | As last reported |
| Kishorechand Kakaram Bansal | Director | 21 Jul 2021 | 5 Years 3 Months | As last reported |
Peer comparison
M G I Industries Private Limited is compared with the 10 companies closest to it by revenue in the Shipping industry (Shipbuilding and Repairs), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Western Star Line Private Limited | ₹4.95 Lakh (FY 2024) | -50.0% | Mumbai, Maharashtra, India | |||
| Samant Shipyards Private Limited | ₹4.82 Lakh (FY 2025) | 0.0% | Vasco, Goa, India | |||
| Sea Crests Marine Services Private Limited | ₹4.65 Lakh (FY 2025) | -35.0% | Mira Rd East, Maharashtra, India | |||
| Ojas Maritime Private Limited | ₹4.52 Lakh (FY 2024) | -73.0% | Chennai, Tamil Nadu, India | |||
| Trust Maritime Private Limited | ₹4.03 Lakh (FY 2024) | -80.0% | Mumbai, Maharashtra, India | |||
| M G I Industries Private Limitedthis company | ₹3.85 Lakh (FY 2023) | -₹1.27 Lakh | -32.9% | Ahmedabad, Gujarat, India | ||
| Mahalaxmi Oxygen Pvt Ltd | ₹3.81 Lakh (FY 2020) | -69.0% | Gujarat, India | |||
| Knowledge Shipyard Private Limited | ₹3.66 Lakh (FY 2024) | -100.0% | Mumbai, Maharashtra, India | |||
| Sensea Marine Pvt Ltd | ₹3.41 Lakh (FY 2024) | -85.0% | Kolkata, West Bengal, India | |||
| Blue Horizon Marine Services Private Limited | ₹3.35 Lakh (FY 2025) | Bhiwandi, Maharashtra, India | ||||
| Newshippingkaisha Ship Management Private Limited | ₹3.21 Lakh (FY 2025) | 13.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of M G I Industries Private Limited, buy the company report.
Auditor
M G I Industries Private Limited is audited by P. D. Goplani & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. D. Goplani & Associates | FY 2017 | 118023W |
Shareholding
The shareholding of M G I Industries Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of M G I Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2022 | 100588589 | Bank of Baroda | ₹3.37 Cr | Open | |
| 30 Dec 2004 | 90102740 | Bank of Baroda | ₹29.37 Cr | Open | |
| 15 Mar 2004 | 90099798 | Bank of Baroda | ₹20 Lakh | Open | |
| 15 Mar 1994 | 90097862 | Bank of Baroda | ₹30 Cr | Open | |
| 07 May 1993 | 90102586 | Bank of Baroda | ₹2.6 Cr | Open |
To see the full charge records of M G I Industries Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving M G I Industries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for M G I Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M G I Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of M G I Industries Private Limited, buy the company report.
Recent activity
M G I Industries Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Kishorechand Kakaram Bansal ceased to be Additional Director on 30 Sep 2021.
16 earlier events are in the company report.
Frequently asked questions
M G I Industries has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
M G I Industries was a private limited company based in Ahmedabad, Gujarat, India. The company worked in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 04 June 2012 and is registered under CIN U35117GJ2012PTC070584. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of M G I Industries is U35117GJ2012PTC070584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M G I Industries had 2 directors:
- Moulik Kishorechand Bansal - Director
- Kishorechand Kakaram Bansal - Director
M G I Industries was incorporated on 04 June 2012. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of M G I Industries is at 702 Addor Aspire Complex.Comm.Ser.Soc.Ltd. Addor Aspire Near Jahanvee Road Univesi, Ty, Ahmedabad, Gujarat, India – 380015.
The latest financial statements of M G I Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. M G I Industries has 1 GST registration on record and it is cancelled or inactive.
M G I Industries operated in the transport and logistics industry, in the shipbuilding and repair services segment.
The peers of M G I Industries by revenue are Western Star Line Private Limited, Samant Shipyards Private Limited, Sea Crests Marine Services Private Limited, Ojas Maritime Private Limited, Trust Maritime Private Limited and 5 more, all in the Shipping industry (Shipbuilding and Repairs).
Kishorechand Kakaram Bansal ceased to be Additional Director on 30 Sep 2021. Moulik Kishorechand Bansal ceased to be Director on 29 Sep 2021. Ramesh Chandra ceased to be Director on 11 Aug 2021. M G I Industries has 10 board changes on record in total.
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