India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #312 Vishad Mafatlal & family ₹12,100 Cr
- #1,608 Hrishikesh Arvind Mafatlal & family ₹1,200 Cr
Revenue · FY 2025
₹39.12 Lakh
▲ 7% YoY
EBITDA · FY 2025
₹6,260
EBITDA margin 0.2%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹3.1 Cr
Issued & subscribed
Company age
64 yrs
Est. 1962
Employees · EPFO
2
Provident fund records
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Mafatlal Services Limited
Data last updated:
Mafatlal Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mafatlal Industries Limited. It operates in the business support services segment of the business services sector. It was incorporated on 02 April 1962 and has been in existence for over 64 years.
Its director Vishad Mafatlal and family are #312 among India's richest people (2026). Its director Hrishikesh Arvind Mafatlal and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1962PLC012314. Its GSTIN is 27AAACM2876K1Z5 (Maharashtra).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.1 Cr. It is led by directors including Vishad Padmanabh Mafatlal and Hrishikesh Arvind Mafatlal.
Its last annual general meeting (AGM) was held on 02 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mafatlal House Backbay Reclamation Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.12 Lakh, a growth of 7% compared to the previous year. For the same year it recorded EBITDA of ₹6,260 (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 4% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mafatlals.com.
Company details
CIN U51900MH1962PLC012314
Registration Number 012314
Incorporation Date 02 April 1962
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 02 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Mafatlal Industries Limited
Compliance Status Active Compliant
Key People
Vishad Padmanabh Mafatlal Director Hrishikesh Arvind Mafatlal Director Priyavrata Hrishikesh Mafatlal Director Recognitions & Rankings of Mafatlal Services
Contact details
Mafatlal Services Limited's registered office is in Mumbai, Maharashtra. Its website is mafatlals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMafatlal House Backbay Reclamation Mumbai, Maharashtra, India – 400020
- IndustryBusiness Services, Business Support Services
To see the full contact details of Mafatlal Services Limited, buy the company report.
Comprehensive company report
Mafatlal Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Mafatlal Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Mafatlal Services Limited, buy the company report.
Financials of Mafatlal Services Limited
FY 2025 filings availableMafatlal Services Limited reported revenue of ₹39.12 Lakh (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹39.12 Lakh ▲ 7%
EBITDA · FY 2025
₹6,260 margin 0.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 14%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 7% growth in the latest year. EBITDA fell 59% 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 | ₹6,260 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 | 0.2% | ||||
| Net Profit Margin | |||||
| 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 Mafatlal Services Limited, buy the company report.
Board of directors of Mafatlal Services Limited
Mafatlal Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishad Padmanabh Mafatlal Also directs: Tropical Clothing Company Private Limited, Cebon Apparel Private Limited, Kruger Properties LLP and 3 more | Director | 04 Sep 1998 | 28 Years 2 Months | Current |
| Hrishikesh Arvind Mafatlal Also directs: Maithili Trading LLP, Mafatlal Hygiene Medtech LLP, Mafatlal Industries Limited and 5 more | Director | 20 Jan 1981 | 45 Years 9 Months | Current |
| Priyavrata Hrishikesh Mafatlal Also directs: Maithili Trading LLP, Mafatlal Hygiene Medtech LLP, Mafatlal Industries Limited and 5 more | Director | 05 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Mafatlal Services Limited is audited by A. H. Desai & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. H. Desai & Associates | FY 2023 | 102282W |
Shareholding
The shareholding of Mafatlal Services 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 Mafatlal Services Limited, buy the company report.
Legal cases
Mafatlal Services Limited has 5 court cases on record: 1 filed by Mafatlal Services, 4 filed against it. All cases are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (COAPP) | Filed against the company by Standrad Industries Ltd.And Ors. | Disposed |
| Bombay High Court | Court case (COAPP) | Filed by the company against Standard Inds.Ltd.And Ors | Disposed |
| Bombay High Court | Court case (FERA) | Filed against the company by Union of India | Disposed |
| Bombay High Court | Court case (CAF) | Filed against the company by Union of India | Disposed |
To see the full case history of Mafatlal Services 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 Mafatlal Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mafatlal Services Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Mafatlal Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM2876K1Z5 | Maharashtra | Active | 22 Sep 2017 |
To see the full GST registrations and return filing status of Mafatlal Services Limited, buy the company report.
Recent activity
Mafatlal Services Limited has 6 board changes on record since 1981: 3 appointments and 3 cessations. The latest: Priyavrata Hrishikesh Mafatlal was appointed as Director on 05 Jun 2025.
AGM
Mafatlal Services Limited last Annual general meeting of members was held on 02 Aug 2025 as per latest MCA records.
Appointed
Priyavrata Hrishikesh Mafatlal was appointed as Director.
Filing
Mafatlal Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Milan Pravinchandra Shah ceased to be Director Appointed In Casual Vacancy.
Ceased
Rajendra Ramakant Likhite ceased to be Director.
Ceased
Priyavadan Jivabhai Desai ceased to be Company Secretary.
Appointed
Vishad Padmanabh Mafatlal was appointed as Director.
Appointed
Hrishikesh Arvind Mafatlal was appointed as Director.
Incorporation
02 Apr 1962
Mafatlal Services Limited was registered on 02 Apr 1962 with Roc Mumbai & aged 64 years 7 months as per MCA records.
News
Frequently asked questions
Mafatlal Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 02 April 1962 (64+ years old) and is registered under CIN U51900MH1962PLC012314.
Mafatlal Services has 3 current directors:
- Vishad Padmanabh Mafatlal - Director
- Hrishikesh Arvind Mafatlal - Director
- Priyavrata Hrishikesh Mafatlal - Director
The latest financial statements of Mafatlal Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mafatlal Services is 27AAACM2876K1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mafatlal Services is U51900MH1962PLC012314. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mafatlal Services has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the high courts.
Mafatlal Services was incorporated on 02 April 1962, making it 64+ years old. It is registered with the Registrar of Companies, Mumbai.
Priyavrata Hrishikesh Mafatlal was appointed as Director on 05 Jun 2025. Milan Pravinchandra Shah ceased to be Director Appointed In Casual Vacancy on 07 Jun 2023. Rajendra Ramakant Likhite ceased to be Director on 20 Jan 2023. Mafatlal Services has 6 board changes on record in total.
Mafatlal Services can be reached through the website mafatlals.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Mafatlal Services is at Mafatlal House Backbay Reclamation Mumbai, Maharashtra, India – 400020.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages