MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0000960
Mahadev Shipbreakers Private Limited
Mahadev Shipbreakers Private Limited - transport and logistics in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.32 Cr
▼ 15% YoY
Net profit · FY 2025
₹2.42 Cr
Net margin 56.1%
EBITDA · FY 2025
₹3.15 Cr
EBITDA margin 72.9%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.15 Cr
Issued & subscribed
Open charges
₹280.5 Cr
Satisfied ₹50 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
9
Provident fund records
About Mahadev Shipbreakers Private Limited
Data last updated:
Mahadev Shipbreakers Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 16 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ2006PTC049381. Its GSTIN is 24AAECM8398J1ZW (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.15 Cr. It is led by directors Parth Rameshkumar Mendapara and Karan Rameshbhai Mendapara.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bhavnagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.32 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹2.42 Cr (net margin 56.1%) and EBITDA of ₹3.15 Cr (EBITDA margin 72.9%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 18% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹280.5 Cr and satisfied charges of ₹50 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
Mahadev Shipbreakers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0000960). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U35117GJ2006PTC049381
Registration Number 049381
Incorporation Date 16 November 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-05-0000960
Recognitions & Rankings of Mahadev Shipbreakers
Contact details
Mahadev Shipbreakers Private Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressOfficeno.213/216 Samvedcomplex2Ndfloor Opp:Jail J, Ail Road, Bhavnagar, Gujarat, India – 364001
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of Mahadev Shipbreakers Private Limited, buy the company report.
Comprehensive company report
Mahadev Shipbreakers Private 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 activities of Mahadev Shipbreakers are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Mahadev Shipbreakers Private Limited, buy the company report.
Financials of Mahadev Shipbreakers Private Limited
FY 2025 filings availableMahadev Shipbreakers Private Limited reported revenue of ₹4.32 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹4.32 Cr ▼ 15%
Net profit · FY 2025
₹2.42 Cr margin 56.1%
EBITDA · FY 2025
₹3.15 Cr margin 72.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 54%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 2%
5 years · compounded
▲ 15%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 15% fall in the latest year. EBITDA rose 46% 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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| EBITDA | ₹3.15 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.42 Cr | ||||
| 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 | 72.9% | ||||
| Net Profit Margin | 56.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Mahadev Shipbreakers Private Limited, buy the company report.
Board of directors of Mahadev Shipbreakers Private Limited
Mahadev Shipbreakers has 2 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 |
|---|---|---|---|---|
| Parth Rameshkumar Mendapara Also directs: Saibaba Shiprecycling LLP, Mahadev Alloys LLP | Director | 16 Sep 2023 | 3 Years 1 Months | Current |
| Karan Rameshbhai Mendapara Also directs: Mahadev Alloys LLP | Director | 28 Feb 2014 | 12 Years 7 Months | Current |
Auditor
Mahadev Shipbreakers Private Limited is audited by M K MAKATI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K MAKATI & CO | FY 2021 | 105890W |
Shareholding
The shareholding of Mahadev Shipbreakers Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mahadev Shipbreakers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹280.5 Cr
Satisfied charges
₹50 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2023 | 100696029 | State Bank of India | ₹204 Cr | Open | |
| 14 Jun 2007 | 10059274 | State Bank of India | ₹76.5 Cr | Open | |
| 04 Apr 2022 | 100566250 | State Bank of India | ₹50 Cr | Satisfied |
To see the full charge records of Mahadev Shipbreakers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Mahadev Shipbreakers Private Limited has 3 court cases on record: 1 filed by Mahadev Shipbreakers, 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Commissioner of Customs Jamnagar (Prev) | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
To see the full case history of Mahadev Shipbreakers 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 Mahadev Shipbreakers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mahadev Shipbreakers Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-80.85%
GST
Mahadev Shipbreakers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM8398J1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahadev Shipbreakers Private Limited, buy the company report.
Recent activity
Mahadev Shipbreakers Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Pravinbhai Mendpara ceased to be Director on 18 Sep 2023.
Charges
A charge with State Bank Of India of Rs. 204.00 Cr registered on 27 Mar 2023 with Charge ID 100696029 was modified on 25 Sep 2025.
AGM
Mahadev Shipbreakers Private Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records.
Filing
Mahadev Shipbreakers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 04 Apr 2022 via Charge ID 100566250 with State Bank Of India was fully satisfied on 28 Mar 2025.
Ceased
Pravinbhai Mendpara ceased to be Director.
Ceased
Rasikbhai Zalawadia ceased to be Director.
Appointed
Parth Rameshkumar Mendapara was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 204.00 Cr with Charge ID 100696029 was registered on 27 Mar 2023.
Charges
A charge with State Bank Of India of Rs. 50.00 Cr registered on 04 Apr 2022 with Charge ID 100566250 was modified on 16 Dec 2022.
Charges
A charge with State Bank Of India of Rs. 76.50 Cr registered on 14 Jun 2007 with Charge ID 10059274 was modified on 22 Jul 2022.
Charges
A charge with State Bank Of India amounted to Rs. 50.00 Cr with Charge ID 100566250 was registered on 04 Apr 2022.
Ceased
Karan Rameshbhai Mendapara ceased to be Additional Director.
4 earlier events are in the company report.
Frequently asked questions
Mahadev Shipbreakers is an active private limited company based in Bhavnagar, Gujarat, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 16 November 2006 (20+ years old) and is registered under CIN U35117GJ2006PTC049381.
Mahadev Shipbreakers has 2 current directors:
- Parth Rameshkumar Mendapara - Director
- Karan Rameshbhai Mendapara - Director
The latest financial statements of Mahadev Shipbreakers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahadev Shipbreakers is 24AAECM8398J1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahadev Shipbreakers is U35117GJ2006PTC049381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahadev Shipbreakers has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the supreme court.
Mahadev Shipbreakers was incorporated on 16 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pravinbhai Mendpara ceased to be Director on 18 Sep 2023. Rasikbhai Zalawadia ceased to be Director on 18 Sep 2023. Parth Rameshkumar Mendapara was appointed as Director on 16 Sep 2023. Mahadev Shipbreakers has 6 board changes on record in total.
Yes, Mahadev Shipbreakers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0000960).
The registered office of Mahadev Shipbreakers is at Officeno.213216 Samvedcomplex2Ndfloor Opp:Jail J, Ail Road, Bhavnagar, Gujarat, India – 364001.