MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0008126
Maha-Indra Marine Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.94 Cr
▼ 19.56% YoY
Net loss · FY 2025
₹54.4 Lakh
Net margin -11%
EBITDA · FY 2025
-₹44.67 Lakh
EBITDA margin -9%
Authorised capital
₹28 Cr
Registered with MCA
Paid-up capital
₹28 Cr
Issued & subscribed
Open charges
₹22 Cr
Satisfied ₹28.26 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
10
Provident fund records
About Maha-Indra Marine Private Limited
Data last updated:
Maha-Indra Marine Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sunrise Initiatives. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 09 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63032MH2008PTC186581. Its GSTIN is 27AAFCM7229R1ZP (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹28 Cr. It was formerly known as Mahindra Ocean Blue Marine Private Limited and Mahindra Ocean Blue M Arine Private Limited. It is led by directors Malav Rodhan Shroff and Aditya Sudhakar Chavan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.94 Cr. For the same year it recorded a net loss of ₹54.4 Lakh (net margin -11%) and EBITDA of -₹44.67 Lakh (EBITDA margin -9%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 26% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahindra Odyssea. As per MCA filings, the company has open charges of ₹22 Cr and satisfied charges of ₹28.26 Cr on record.
Maha-Indra Marine Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0008126). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindraodyssea.com.
Company details
CIN U63032MH2008PTC186581
Registration Number 186581
Incorporation Date 09 September 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Sunrise Initiatives
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0008126
Name history
Maha-Indra Marine has undergone 4 name changes throughout its history. The current legal name is Maha-Indra Marine Private Limited.
| Company Name | Status |
|---|---|
| Maha-Indra Marine Private Limited | Current |
| Mahindra Ocean Blue Marine Private Limited | Previous |
| Mahindra Ocean Blue M Arine Private Limited | Previous |
| Nmahindra Ocean Blue M Arine Private Limited | Previous |
Recognitions & Rankings of Maha-Indra Marine
Contact details
Maha-Indra Marine Private Limited's registered office is in Mumbai, Maharashtra. Its website is mahindraodyssea.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address239 Rupam Building 2nd Floor, P D Mello Road, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of Maha-Indra Marine Private Limited, buy the company report.
Comprehensive company report
Maha-Indra Marine 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
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Brands
Maha-Indra Marine operates one associated brand: Mahindra Odyssea. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of ship designing and engineering services | mahindraodyssea.com |
Business activity
The main business activities of Maha-Indra Marine are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and retail 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 | G2 | Retail Trading |
To see the full business activity and turnover split of Maha-Indra Marine Private Limited, buy the company report.
Financials of Maha-Indra Marine Private Limited
FY 2025 filings availableMaha-Indra Marine Private Limited reported revenue of ₹4.94 Cr for FY 2025.
Revenue · FY 2025
₹4.94 Cr
Net loss · FY 2025
₹54.4 Lakh margin -11%
EBITDA · FY 2025
-₹44.67 Lakh margin -9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 7%
5 years · compounded
▼ 26%
EBITDA CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 39%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years. EBITDA rose 75% 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 | -₹44.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹54.4 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| 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 | -9% | ||||
| Net Profit Margin | -11% | ||||
| 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 Maha-Indra Marine Private Limited, buy the company report.
Board of directors of Maha-Indra Marine Private Limited
Maha-Indra Marine has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malav Rodhan Shroff | Director | 10 Sep 2013 | 13 Years 1 Months | Current |
| Aditya Sudhakar Chavan Also directs: Bharat Ocean Blue Security Private Limited, Ocean Blue Boating Private Limited, Ocean Blue Developers Private Limited and 1 more | Additional Director | 26 May 2025 | 1 Years 5 Months | Current |
Auditor
Maha-Indra Marine Private Limited is audited by B.K.Khare & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.K.Khare & Co | FY 2023 | 105102W |
Shareholding
The shareholding of Maha-Indra Marine 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 Maha-Indra Marine Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22 Cr
Satisfied charges
₹28.26 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2020 | 100393311 | Axis Bank Limited | ₹22 Cr | Open | |
| 17 Jan 2018 | 100153706 | Others | ₹19.8 Cr | Satisfied | |
| 08 Dec 2014 | 10537624 | Kotak Mahindra Bank Limited | ₹6 Cr | Satisfied | |
| 21 Mar 2014 | 10491393 | The Zoroastrian Co-Operative Bank Limited | ₹1.2 Cr | Satisfied | |
| 22 Jan 2014 | 10478526 | The Zoroastrian Co-Operative Bank Limited | ₹30.63 Lakh | Satisfied |
To see the full charge records of Maha-Indra Marine Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Maha-Indra Marine 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
Maha-Indra Marine Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 120 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ocean Blue Boating Pvt Ltd | |||
| Vetus & Maxwell Marine India Private Limited | |||
| Sara & Associates | |||
| an individual supplier | |||
| Navicom Technology International Private Limited |
To see the full MSME payment records of Maha-Indra Marine Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Maha-Indra Marine Private Limited has a workforce of 10 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
GST
Maha-Indra Marine has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM7229R1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maha-Indra Marine Private Limited, buy the company report.
Recent activity
Maha-Indra Marine Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Aditya Sudhakar Chavan was appointed as Additional Director on 26 May 2025.
AGM
Maha-Indra Marine Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Aditya Sudhakar Chavan was appointed as Additional Director.
Charges
A charge registered on 08 Dec 2014 via Charge ID 10537624 with Kotak Mahindra Bank Limited was fully satisfied on 05 May 2025.
Filing
Maha-Indra Marine Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 17 Jan 2018 via Charge ID 100153706 with Others was fully satisfied on 29 Jan 2025.
Ceased
Pradeep Sharma ceased to be Additional Director.
Ceased
Sujay Pukhraj Chohan ceased to be Director.
Ceased
Parag Chandulal Shah ceased to be Director.
Ceased
Zhooben Dossabhoy Bhiwandiwala ceased to be Director.
Ceased
Hiten Hasmukh Ghelani ceased to be Managing Director.
Charges
A charge with Others of Rs. 19.80 Cr registered on 17 Jan 2018 with Charge ID 100153706 was modified on 27 Jan 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 22.00 Cr with Charge ID 100393311 was registered on 20 Nov 2020.
15 earlier events are in the company report.
News
Frequently asked questions
Maha-Indra Marine is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 09 September 2008 (18+ years old) and is registered under CIN U63032MH2008PTC186581.
Maha-Indra Marine has 2 current directors:
- Malav Rodhan Shroff - Director
- Aditya Sudhakar Chavan - Additional Director
The latest financial statements of Maha-Indra Marine on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Maha-Indra Marine is 27AAFCM7229R1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Maha-Indra Marine is U63032MH2008PTC186581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maha-Indra Marine was incorporated on 09 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Aditya Sudhakar Chavan was appointed as Additional Director on 26 May 2025. Pradeep Sharma ceased to be Additional Director on 29 Sep 2024. Sujay Pukhraj Chohan ceased to be Director on 28 Mar 2022. Maha-Indra Marine has 10 board changes on record in total.
Yes, Maha-Indra Marine is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0008126).
Maha-Indra Marine has 9 MSME Form 1 returns on record between 2019 and 2024, listing 120 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Maha-Indra Marine can be reached through the website mahindraodyssea.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Maha-Indra Marine is at 239 Rupam Building 2nd Floor, P D Mello Road, Mumbai, Maharashtra, India – 400001.
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