MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-21-0000893
_PRIVATE_LIMITED.webp)
Maa Panel (India) Private Limited - manufacturing in Prantij, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹109.31 Cr
▲ 6% YoY
Net profit · FY 2024
₹3.4 Cr
Net margin 3.1%
EBITDA · FY 2024
₹7.45 Cr
EBITDA margin 6.8%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹8 Cr
Issued & subscribed
Open charges
₹14.65 Cr
Satisfied ₹13.2 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
38
Provident fund records
About Maa Panel (India) Private Limited
Data last updated:
Maa Panel (India) Private Limited is a private limited company based in Prantij, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 25 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28910GJ2015PTC083304. Its GSTIN is 24AAJCM7636G2ZA (Gujarat). The company holds 15 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹8 Cr. It is led by directors including Umeshbhai Manilal Patel and Bhaveshkumar Nathabhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Survey No. 420 At & Post: Amodara Opp. Brs College Salal – Rampur Road Ta:, Prantij, Gujarat, India – 383210.
As per the financials filed for FY 2024, the company reported a revenue of ₹109.31 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹3.4 Cr (net margin 3.1%) and EBITDA of ₹7.45 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 14% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.65 Cr and satisfied charges of ₹13.2 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 4 cases are pending.
Maa Panel (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0000893). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maplacp.com.
Company Details of Maa Panel (India) Private Limited
CIN U28910GJ2015PTC083304
Registration Number 083304
Incorporation Date 25 May 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-21-0000893
Key People
Umeshbhai Manilal Patel Director Bhaveshkumar Nathabhai Patel Director Sanjaykumar Ganpatbhai Patel Director Recognitions & Rankings of Maa Panel (India)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No. 420 At & Post: Amodara Opp. Brs College Salal – Rampur Road Ta:, Prantij, Gujarat, India – 383210
- IndustryManufacturing, Construction Materials
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Business Activity of Maa Panel (India) Private Limited
The main business activity of Maa Panel (India) is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Maa Panel (India) Private Limited FY 2024 filings available
Maa Panel (India) Private Limited reported revenue of ₹109.31 Cr (up 6% YoY) for FY 2024.
Revenue · FY 2024
₹109.31 Cr ▲ 6%
Net profit · FY 2024
₹3.4 Cr margin 3.1%
EBITDA · FY 2024
₹7.45 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR) of Maa Panel (India) Private Limited
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 23%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 34%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 6% growth in the latest year. EBITDA rose 79% 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 Maa Panel (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹7.45 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.4 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 Maa Panel (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 Maa Panel (India) are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Board of Directors of Maa Panel (India) Private Limited
Maa Panel (India) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umeshbhai Manilal Patel Also directs: Maa Alu Panel (India) Private Limited | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Bhaveshkumar Nathabhai Patel Also directs: Maa Alu Panel (India) Private Limited | Director | 25 May 2015 | 11 Years 4 Months | Current |
| Sanjaykumar Ganpatbhai Patel Also directs: Greenova Plast Private Limited | Director | 25 May 2015 | 11 Years 4 Months | Current |
Peer Comparison of Maa Panel (India) Private Limited
Maa Panel (India) Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Construction Materials). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Allied Refractory Products India Private Limited | ₹112.48 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ahmedabad, Gujarat, India |
| Kriscol Roofing Industries India Private Limited | ₹111.03 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Gangapuram, Tamil Nadu, India |
| Boyd Thermal Systems India Private Limited | ₹110.68 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Waghodia, Gujarat, India |
| Manishri Refractories and Ceramics Private Limited | ₹110.55 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Cuttack, Odisha, India |
| Inventaa Industries Private Limited | ₹109.72 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Kanchikacherla, Andhra Pradesh, India |
| Maa Panel (India) Private Limited this company | ₹109.31 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Prantij, Gujarat, India |
| Beyyond Rocks Private Limited | ₹109.22 Cr (FY 2025) | •••• | •••• | 2241.0% | •••• | Rajsamand, Rajasthan, India |
| Hira Technologies Private Limited | ₹108.81 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Khed, Maharashtra, India |
| Willus Infrastructure Private Limited | ₹108.78 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Vatsgroup India Private Limited | ₹108.61 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Jewer, Uttar Pradesh, India |
| Alpro Extrusion Private Limited | ₹108.35 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Howrah, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Maa Panel (India) by revenue in the Manufacturing industry (Construction Materials), 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 Maa Panel (India) Private Limited
Maa Panel (India) Private Limited is audited by K K PATEL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K K PATEL & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Maa Panel (India) Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Maa Panel (India) Private Limited
Open charges
₹14.65 Cr
Satisfied charges
₹13.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 May 2018 | Hdfc Bank Limited | ₹14.65 Cr | Open |
| 18 Sep 2015 | Bank of India | ₹6.6 Cr | Satisfied |
| 14 Sep 2015 | Bank of India | ₹6.6 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Maa Panel (India) Private Limited
Maa Panel (India) Private Limited has 6 court cases on record: 5 filed by Maa Panel (India), 1 filed against it. 4 cases are pending and 2 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
6
Filed by the company
5
Filed against the company
1
Pending
4
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 4 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Muzaffarpur, Bihar | Court case (Cr. Case Complaint (P)) | Filed against the company by an individual | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
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Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Maa Panel (India) Private Limited
Maa Panel (India) Private Limited has a workforce of 38 employees as of Apr 06, 2024.
Employee count
38
Active EPFO establishments
1
Employee growth
11.76%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Maa Panel (India) Private Limited
Maa Panel (India) Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Umeshbhai Manilal Patel ceased to be Additional Director on 30 Sep 2019.
Charges
A charge with Hdfc Bank Limited of Rs. 14.65 Cr registered on 24 May 2018 with Charge ID 100180965 was modified on 29 Aug 2025.
AGM
Maa Panel (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Maa Panel (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Umeshbhai Manilal Patel ceased to be Additional Director.
Appointed
Umeshbhai Manilal Patel was appointed as Director.
Ceased
Yogeshkumar Nareshbhai Patel ceased to be Director.
Charges
A charge registered on 18 Sep 2015 via Charge ID 10600013 with Bank Of India was fully satisfied on 21 Jun 2018.
Charges
A charge registered on 14 Sep 2015 via Charge ID 10600024 with Bank Of India was fully satisfied on 21 Jun 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.65 Cr with Charge ID 100180965 was registered on 24 May 2018.
Charges
A charge with Bank Of India amounted to Rs. 6.60 Cr with Charge ID 10600013 was registered on 18 Sep 2015.
Charges
A charge with Bank Of India amounted to Rs. 6.60 Cr with Charge ID 10600024 was registered on 14 Sep 2015.
Appointed
Bhaveshkumar Nathabhai Patel was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maa Panel (India) Private Limited
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MSME Payment Delays by Maa Panel (India) Private Limited
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Subsidiaries & Group Companies of Maa Panel (India) Private Limited
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Corporate group structure
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GST Compliance of Maa Panel (India) Private Limited
Maa Panel (India) has 15 GST registrations: 14 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
14
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM7636G2ZA | Gujarat | Active | 01 Jul 2017 |
| 33AAJCM7636G1ZC | Tamil Nadu | Active | 01 Jul 2017 |
| 23AAJCM7636G1ZD | Madhya Pradesh | Active | 23 Aug 2017 |
| 03AAJCM7636G1ZF | Punjab | Active | 05 Oct 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Maa Panel (India) Private Limited
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MCA filings and documents
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Frequently Asked Questions about Maa Panel (India) Private Limited
Maa Panel (India) is an active private limited company based in Prantij, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 25 May 2015 (11+ years old) and is registered under CIN U28910GJ2015PTC083304.
Maa Panel (India) reported revenue of ₹109.31 Cr for FY 2024 (up 6% YoY).
Maa Panel (India) has 3 current directors:
- Umeshbhai Manilal Patel - Director
- Bhaveshkumar Nathabhai Patel - Director
- Sanjaykumar Ganpatbhai Patel - Director
Maa Panel (India) reported a net profit of ₹3.4 Cr (net margin 3.1%) and EBITDA of ₹7.45 Cr (EBITDA margin 6.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maa Panel (India) is 23% over three years and 14% over five years. In the latest year (FY 2024) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maa Panel (India) is 24AAJCM7636G2ZA, registered in Gujarat. The company has 15 GST registrations in all, of which 14 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAJCM7636G1ZC (Tamil Nadu), 23AAJCM7636G1ZD (Madhya Pradesh), 03AAJCM7636G1ZF (Punjab).
The CIN (Corporate Identification Number) of Maa Panel (India) is U28910GJ2015PTC083304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maa Panel (India) has 6 court cases on record: 5 filed by the company and 1 filed against it. 4 are pending.
Maa Panel (India) was incorporated on 25 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Maa Panel (India) by revenue are Allied Refractory Products India Private Limited, Kriscol Roofing Industries India Private Limited, Boyd Thermal Systems India Private Limited, Manishri Refractories and Ceramics Private Limited, Inventaa Industries Private Limited and 5 more, all in the Manufacturing industry (Construction Materials).
Umeshbhai Manilal Patel ceased to be Additional Director on 30 Sep 2019. Umeshbhai Manilal Patel was appointed as Director on 01 Apr 2019. Yogeshkumar Nareshbhai Patel ceased to be Director on 01 Apr 2019. Maa Panel (India) has 5 board changes on record in total.