Mahan Industries Limited - Company Profile

It is a financial services public limited company based in Ahmedabad, Gujarat, India, established in 1995.
1995 Ahmedabad, Gujarat, India Active
Last Updated:
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About Mahan Industries Limited

Mahan Industries Limited, a active public limited company, was established on 02 January 1995 in Ahmedabad, Gujarat, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: L91110GJ1995PLC024053. Registered under ROC Roc Ahmedabad. it is listed on BSE: 531515. It has an authorized capital of ₹37.30 Cr and a paid-up capital of ₹4.50 Cr.

Formerly known as Mahan Finstock Limited. It upholds a compliant status. In 2024, it reported revenue of ₹7.14 M and a net worth of ₹3.05 Cr. Its leadership includes Niranjan Navratanmal Jain (Cfo), Sunil Prataprai Gurnani (Cfo), Astik Kalpeshbhai Trivedi (Director). Past directors included Niranjan Navratanmal Jain, Sunil Prataprai Gurnani, Astik Kalpeshbhai Trivedi. It holds no open charges and ₹4.50 M settled loans. Its latest AGM occurred on 24 September 2024, with the balance sheet filed on 31 March 2024. It is based at D K House 3Rd Floor Nr Mitha-Khali Under Bridge Navrangpura, Ahmedabad, Gujarat, 380006.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    L91110GJ1995PLC024053

  • Registration Number

    024053

  • Incorporation Date

    02 January 1995

  • Authorized Capital

    ₹37.30 Cr

  • Paid-Up Capital

    ₹4.50 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Listed (BSE: 531515)

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 37.30 Cr
  • Paid Up Capital ₹ 4.50 Cr
  • Company Age 31 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 4.50 M
  • Revenue Growth **** -39.18%
  • Profit Growth **** -114.84%
  • Ebitda **** -959.92%
  • Net Worth -1.62%
  • Total Assets -1.13%
Company report

Mahan Industries Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mahan Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mahan Industries Limited?
Current Directors
Name Designation Appointment Date Status
Niranjan Navratanmal Jain Cfo 12 Nov 2025 Current
Sunil Prataprai Gurnani Cfo 27 May 2021 Current
Astik Kalpeshbhai Trivedi Director 23 Aug 2023 Current
Nishil Shah Director 05 Nov 2025 Current
Sushilkumar Goel Director 26 Dec 2024 Current
Yash Kamleshkumar Shah Director 26 Dec 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 14 Dec 2025 Past
Pramod Abcsdd Director 09 Jul 2024 Past
Pramod Abcsdd Director 26 Dec 2024 Past
Pramod Abcsdd Cfo 27 Apr 2021 Past
Pramod Abcsdd Additional Director 14 Dec 2025 Past
Pramod Abcsdd Additional Director 14 Feb 2025 Past

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Financial Performance of Mahan Industries.

Mahan Industries Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 39.18% decrease. The company also saw a substantial fall in profitability, with a 114.84% decrease in profit. The company's net worth dipped by a decrease of 1.62%.

Mahan Industries revenue growth over time
Mahan Industries profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -39.18%
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*******
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Revenue from Operations
*******
 -39.19%
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*******
Total Assets
*******
 -1.13%
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*******
*******
Profit or Loss
*******
 -114.84%
*******
*******
*******
*******
Net Worth
*******
 -1.62%
*******
*******
*******
*******
EBITDA
*******
 -959.92%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Mahan Industries?

In 2023, Mahan Industries had a promoter holding of 1.48% and a public holding of 98.51%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹4,500,000.00

Charges Breakdown by Lending Institutions
  • Charotar Nagrik Sahkari Bank Ltd : 0.45 Cr
Latest Charge Details
Date Lender Amount Status
16 Oct 1998 Charotar Nagrik Sahkari Bank Ltd ₹4.50 M Satisfied

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How Many Employees Work at Mahan Industries?

Unlock and access historical data on people associated with Mahan Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mahan Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mahan Industries's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mahan Industries
Recent Activity within the Organization
  • Director Appointment

    The activity Niranjankumar Navratanmal Jain was appointed as a Cfo was appointed as a Cfo on 27 Nov 2025 & has been associated with this company since 2 months 19 days . was completed.

  • Director Appointment

    The activity Niranjan Navratanmal Jain was appointed as a CFO was appointed as a CFO on 12 Nov 2025 & has been associated with this company since 3 months 3 days . was completed.

  • Director Appointment

    Progress on Nishil Shah was appointed as a Director was appointed as a Director on 05 Nov 2025 & has been associated with this company since 3 months 10 days . was documented.

  • Director Appointment

    Sushilkumar Goel was appointed as a Director was appointed as a Director on 26 Dec 2024 & has been associated with this company since 1 year 1 month . was recorded as a recent event.

  • Director Appointment

    The activity Yash Kamleshkumar Shah was appointed as a Director was appointed as a Director on 26 Dec 2024 & has been associated with this company since 1 year 1 month . was completed.

  • Annual General Meeting

    Progress on Mahan Industries Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records. was documented.

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Frequently Asked Questions
What is the CIN of Mahan Industries Limited?

The CIN of Mahan Industries Limited is L91110GJ1995PLC024053.

Where is Mahan Industries Limited headquartered?

Mahan Industries Limited is headquartered at D K House 3Rd Floor Nr Mitha-Khali Under Bridge Navrangpura, Ahmedabad, Gujarat, 380006.

When was Mahan Industries Limited incorporated?

Mahan Industries Limited was incorporated on 02 January 1995.

Who are the current directors of Mahan Industries Limited?

The current directors of Mahan Industries Limited are

What is the primary industry of Mahan Industries Limited?

The primary industry of Mahan Industries Limited is Financial And Insurance Service.

Is Mahan Industries Limited a listed company?

Mahan Industries Limited is listed. It is listed on BSE: 531515.

What is the capital structure of Mahan Industries Limited?

The authorized capital of Mahan Industries Limited is ₹37.30 Cr, and the paid-up capital is ₹4.50 Cr.

What is the compliance status of Mahan Industries Limited?

The compliance status of Mahan Industries Limited is Compliant.

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