About Mahan Industries Limited
Data last updated: 14 July 2026
Mahan Industries Limited is a public limited company based in Ahmadabad City, Gujarat, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 02 January 1995, the company has been in operation for over 31 years.
Registered with ROC Ahmedabad under CIN L91110GJ1995PLC024053. Listed on BSE: 531515.
Capital: an authorised share capital of ₹60 Cr and a paid-up capital of ₹4.5 Cr. Formerly known as Mahan Finstock Limited. It is led by directors including Yogendrakumar Gupta Prabhudayal and Niranjankumar Navratanmal Jain.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmadabad City, Gujarat.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹71.21 Lakh, a decline of 39.35% compared to the previous year. The net worth stands at ₹3.05 Cr (down 1.62% YoY). Total assets are valued at ₹6.59 Cr (down 1.13% YoY).
The company is associated with 1 brand - Mahan. As per MCA filings, the company has satisfied charges of ₹45 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahan.co.in.
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Registered AddressB – 107 Sankalp Iconic Tower, Opposite Vikram Nagar Iscon Temple Cross Road S.G Highway, Ahmadabad City, Gujarat, India – 380054
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Mahan Industries Limited
Mahan Industries Limited operates one associated brand: Mahan. These brands represent Mahan Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Investment company dealing in equity shares, loans, and commodity trading through stock exchanges. | mahan.co.in |
Competitors & Alternatives of Mahan Industries Limited
Brands and companies operating in the same space as Mahan Industries Limited include Fidelity Investments, Investec, HSBC and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Fidelity Investments
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
Investec
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Global banking, investment, and wealth management services are offered worldwide. | London, United Kingdom, United Kingdom | 1974 |
HSBC
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Universal banking and financial advisory services are provided globally. | London, United Kingdom, United Kingdom | 1865 |
UBS
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Financial services are provided globally by UBS for wealth management. | Zurich, Switzerland, Switzerland | 1862 |
Generali
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Diversified insurance and asset management services are offered globally. | Trieste, Italy, Italy | 1831 |
BNP Paribas
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Banking & financial service provider | Paris, France, France | 1848 |
Hayfin
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Private debt investments are directed across multiple sectors. | London, United Kingdom, United Kingdom | 2013 |
Morgan Stanley
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Wealth management, investment advisory, and financial services are provided. | New York, United States, United States | 1935 |
Nordea
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Nordea is recognized as a leading Nordic universal bank. | Stockholm, Sweden, Sweden | 1820 |
Business Activity of Mahan Industries Limited
Mahan Industries Limited operates primarily in the financial and insurance service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records for Mahan Industries Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
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Auditor Details of Mahan Industries Limited
Mahan Industries Limited is audited by Roopen R. Shah & Co. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Roopen R. Shah & Co. | Locked | Locked | Locked |
Complete auditor history for Mahan Industries Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mahan Industries Limited
Mahan Industries Limited is currently managed by 6 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogendrakumar Gupta Prabhudayal | Managing Director | 02 Jan 1995 | 31 Years 7 Months | Current |
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Niranjankumar Navratanmal Jain
Also directs:
Hind Project And Infrastructures Limited, Timbor Furnitech Private Limited, Shishir Energy Private Limited and 1 more
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Additional Director | 05 Nov 2025 | 0 Years 9 Months | Current |
| Nishil Shah | Additional Director | 05 Nov 2025 | 0 Years 9 Months | Current |
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Yash Kamleshkumar Shah
Also directs:
R-Stone Design And Build Limited, Aall Mart Limited
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Director | 26 Dec 2024 | 1 Years 7 Months | Current |
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Sushilkumar Goel
Also directs:
Noble Polymers Limited, Jida Enterprise Private Limited
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Director | 26 Dec 2024 | 1 Years 7 Months | Current |
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Amita Chhaganbhai Pragada
Also directs:
Vrundavan Plantation Limited, Arunaya Organics Limited, Valencia India Limited and 1 more
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Director | 12 Aug 2024 | 2 Years 0 Months | Current |
Financials of Mahan Industries Limited FY 2024 filings available
Mahan Industries Limited reported revenue of ₹71.21 Lakh (down 39.35% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹71.21 Lakh | ₹1.17 Cr | ₹71.75 Lakh | ₹33.21 Lakh | ₹68.79 Lakh | ₹45.07 Lakh |
| Interest Earned | ₹71.21 Lakh | ₹19.2 Lakh | ₹4.75 Lakh | ₹0 | ₹0 | - |
| Other Income | ₹20,000 | ₹0 | ₹0 | ₹0 | ₹0 | ₹56,000 |
| Total Income | ₹71.41 Lakh | ₹1.17 Cr | ₹71.75 Lakh | ₹33.21 Lakh | ₹68.79 Lakh | ₹45.63 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹40.17 Lakh | ₹83.5 Lakh | ₹59.07 Lakh | ₹36.09 Lakh | ₹0 | ₹49.57 Lakh |
| Changes in Inventories | -₹5.59 Lakh | -₹54,000 | -₹3.99 Lakh | -₹4.55 Lakh | ₹28.94 Lakh | ₹22.56 Lakh |
| Employee Benefit Expense | ₹18.16 Lakh | ₹16.39 Lakh | ₹10.05 Lakh | ₹15.79 Lakh | ₹13.71 Lakh | ₹10.23 Lakh |
| Finance Costs | ₹2.88 Lakh | ₹2.51 Lakh | ₹76,000 | ₹86,000 | ₹15,000 | ₹20,000 |
| Depreciation & Amortisation | ₹15,000 | ₹17,000 | ₹17,800 | ₹19,000 | ₹19,000 | ₹19,000 |
| Other Expenses | ₹14.97 Lakh | ₹12.03 Lakh | ₹21.92 Lakh | ₹1.97 Cr | ₹1.16 Cr | ₹2.9 Cr |
| Total Expenses | ₹70.74 Lakh | ₹1.14 Cr | ₹87.99 Lakh | ₹2.45 Cr | ₹1.65 Cr | ₹3.72 Cr |
| Profit Before Exceptional Items & Tax | ₹67,000 | ₹3.35 Lakh | -₹16.24 Lakh | -₹2.12 Cr | -₹96.06 Lakh | -₹3.27 Cr |
| Exceptional Items | -₹5.69 Lakh | -₹5.69 Lakh | ₹0 | -₹1.09 Cr | ₹6.57 Lakh | ₹0 |
| Profit Before Tax | -₹5.02 Lakh | -₹2.34 Lakh | -₹16.24 Lakh | -₹3.22 Cr | -₹89.49 Lakh | -₹3.27 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹35.96 Lakh |
| Net Profit | -₹5.02 Lakh | -₹2.34 Lakh | -₹16.24 Lakh | -₹3.22 Cr | -₹89.49 Lakh | -₹3.63 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹5.02 Lakh | -₹2.34 Lakh | -₹16.24 Lakh | -₹3.22 Cr | -₹89.49 Lakh | -₹3.63 Cr |
| EBITDA (computed) | ₹3.7 Lakh | ₹6.03 Lakh | -₹15.3 Lakh | -₹2.11 Cr | -₹95.72 Lakh | -₹3.26 Cr |
| Basic EPS | ₹-0.01 | ₹-0.01 | ₹-0.05 | ₹-0.89 | ₹-0.25 | ₹-1.01 |
| Diluted EPS | ₹-0.10 | ₹-0.01 | ₹-0.05 | ₹-0.89 | ₹-0.25 | ₹-1.01 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Total Assets | ₹6.59 Cr | ₹6.66 Cr | ₹6.55 Cr | ₹6.1 Cr | ₹9.33 Cr | ₹10.83 Cr |
| Non-current Assets | - | - | - | - | - | ₹5.06 Cr |
| Current Assets | - | - | - | - | - | ₹5.77 Cr |
| Property, Plant & Equipment | ₹6 Lakh | ₹6.15 Lakh | ₹6.31 Lakh | ₹6.48 Lakh | ₹6.67 Lakh | ₹6.86 Lakh |
| Inventories | ₹0 | ₹12.59 Lakh | ₹12.05 Lakh | ₹8.07 Lakh | ₹3.51 Lakh | ₹32.45 Lakh |
| Trade Receivables | - | - | - | - | - | ₹1.22 Cr |
| Cash & Equivalents | ₹2.04 Lakh | ₹34,000 | ₹46,000 | ₹4.92 Lakh | ₹1.72 Lakh | ₹2.22 Lakh |
| Equity (Net Worth) | ₹3.05 Cr | ₹3.1 Cr | ₹3.12 Cr | ₹3.28 Cr | ₹6.5 Cr | ₹7.39 Cr |
| Equity Share Capital | ₹36 Cr | ₹36 Cr | ₹36 Cr | ₹36 Cr | ₹36 Cr | ₹36 Cr |
| Borrowings (Non-current) | - | - | - | - | - | ₹0 |
| Borrowings (Current) | - | - | - | - | - | ₹3.38 Cr |
| Total Debt (computed) | - | - | - | - | - | ₹3.38 Cr |
| Current Liabilities | - | - | - | - | - | ₹3.44 Cr |
| Total Liabilities | ₹3.54 Cr | ₹3.56 Cr | ₹3.42 Cr | ₹2.82 Cr | ₹2.83 Cr | ₹3.44 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹3.55 Lakh | ₹2.56 Cr | -₹64.62 Lakh |
| Investing Cash Flow | -₹85,000 | -₹2.64 Cr | -₹50,500 |
| Financing Cash Flow | -₹1 Lakh | ₹8.65 Lakh | ₹60.66 Lakh |
| Capital Expenditure | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | ₹3.55 Lakh | ₹2.56 Cr | -₹64.62 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹1.7 Lakh | -₹12,000 | -₹4.47 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹85.36 Lakh | ₹30.21 Lakh | ₹46.07 Lakh |
| Interest Earned | ₹85.36 Lakh | ₹0 | ₹0 |
| Other Income | ₹9.17 Lakh | ₹7.42 Lakh | ₹0 |
| Total Income | ₹94.53 Lakh | ₹37.63 Lakh | ₹46.07 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹54.44 Lakh | ₹61.4 Lakh | ₹43.85 Lakh |
| Changes in Inventories | ₹29.45 Lakh | -₹34.08 Lakh | -₹14.02 Lakh |
| Employee Benefit Expense | ₹6.54 Lakh | ₹4.36 Lakh | ₹4.63 Lakh |
| Finance Costs | ₹95,000 | ₹97,000 | ₹38,000 |
| Depreciation & Amortisation | ₹4,000 | ₹4,000 | ₹4,000 |
| Other Expenses | ₹4.51 Lakh | ₹3.97 Lakh | ₹3.59 Lakh |
| Total Expenses | ₹95.93 Lakh | ₹36.66 Lakh | ₹38.47 Lakh |
| Profit Before Exceptional Items & Tax | -₹1.4 Lakh | ₹97,000 | ₹7.6 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.4 Lakh | ₹97,000 | ₹7.6 Lakh |
| Total Tax Expense | ₹0 | ₹24,000 | ₹1.92 Lakh |
| Net Profit | -₹1.4 Lakh | ₹73,000 | ₹5.68 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹1.4 Lakh | ₹73,000 | ₹5.68 Lakh |
| EBITDA (computed) | -₹41,000 | ₹1.98 Lakh | ₹8.02 Lakh |
| Basic EPS | ₹0.00 | ₹0.00 | ₹0.02 |
| Diluted EPS | ₹0.00 | ₹0.00 | ₹0.02 |
Shareholding Pattern of Mahan Industries Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 1.16%, retail and other public shareholders hold 98.84% of Mahan Industries Limited. The company had 8,236 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% | 1.48% |
| Public | 98.84% | 98.84% | 98.84% | 98.84% | 98.84% | 98.52% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 1.16% | 1.16% | 1.48% |
| Public | 98.84% | 98.84% | 98.52% |
| Promoter change (YoY, %pts) | +0.00 | -0.32 | - |
Charges & Borrowings of Mahan Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 1998 | Charotar Nagrik Sahkari Bank Ltd | ₹45 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mahan Industries Limited
View historical data on people associated with Mahan Industries Limited, including employment history and EPFO contributions.
Employee and EPFO history for Mahan Industries Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Mahan Industries Limited
GST registrations and filing compliance for Mahan Industries Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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Credit Ratings, Litigation & Regulatory Alerts for Mahan Industries Limited
Credit ratings, litigation, and regulatory alerts for Mahan Industries Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Mahan Industries Limited
MSME payment history for Mahan Industries Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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Subsidiaries & Group Companies of Mahan Industries Limited
Corporate group structure for Mahan Industries Limited
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MCA Filings & Documents of Mahan Industries Limited
MCA filings and documents for Mahan Industries Limited
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Recent Activity on Mahan Industries Limited
Frequently Asked Questions about Mahan Industries Limited
Mahan Industries Limited is an active public limited company in the financial services sector based in Ahmadabad City, Gujarat, India. It was incorporated on 02 January 1995 (31+ years old) and is registered under CIN L91110GJ1995PLC024053. Listed on BSE: 531515.
Mahan Industries Limited reported revenue of ₹71.21 Lakh for FY 2024 (down 39.35% YoY) based on standalone BSE filings.
The current directors of Mahan Industries Limited are:
- Yogendrakumar Gupta Prabhudayal - Managing Director
- Niranjankumar Navratanmal Jain - Additional Director
- Nishil Shah - Additional Director
- Yash Kamleshkumar Shah - Director
- Sushilkumar Goel - Director
- Amita Chhaganbhai Pragada - Director
The primary industry of Mahan Industries Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Mahan Industries Limited is listed on BSE with code 531515.
Mahan Industries Limited can be reached at the registered office: B – 107 Sankalp Iconic Tower, Opposite Vikram Nagar Iscon Temple Cross Road S.G Highway, Ahmadabad City, Gujarat, India – 380054, or through the website mahan.co.in.