About Maharashtra Industry Development Association
Data last updated:
Maharashtra Industry Development Association is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the business support services segment of the business services sector. It was incorporated on 01 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U91910MH2010NPL207360. Its GSTIN is 27AAGCM7940L1ZY (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9 Lakh. It was formerly known as Maharashtra Industrial and Economic Development Association. It is led by directors Chandrakant Anant Salunkhe (Managing Director) and Mahesh Balasaheb Salunkhe.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4 Gr Floor Samruddhi Venture Park Marol MIDC Area MIDC Central Roaf Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.23 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹3.06 Lakh (net margin -29.9%) and EBITDA of ₹3.41 Lakh (EBITDA margin 33.3%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 29% over five years.
As per MCA filings, the company has satisfied charges of ₹47 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 midaorg.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address4 Gr Floor Samruddhi Venture Park Marol MIDC Area MIDC Central Roaf Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryBusiness Services, Business Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Maharashtra Industry Development Association
The main business activity of Maharashtra Industry Development Association is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Maharashtra Industry Development Association FY 2024 filings available
Maharashtra Industry Development Association reported revenue of ₹10.23 Lakh (down 63% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Maharashtra Industry Development Association
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 63% fall in the latest year. EBITDA fell 55% 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 of Maharashtra Industry Development Association
| 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 | ₹3.41 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.06 Lakh | •••• | •••• | •••• | •••• |
| 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 of Maharashtra Industry Development Association
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -29.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maharashtra Industry Development Association are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Maharashtra Industry Development Association
Maharashtra Industry Development Association is compared with the companies closest to it by revenue in the Business Services industry (Business Auxiliary Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Monal Infra Private Limited | ₹10.33 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Innovation Engineers (Bombay) Private Limited | ₹10.29 Lakh (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Belgium Luxembourg Business Association | ₹10.28 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Callbizz Private Limited | ₹10.27 Lakh (FY 2025) | •••• | •••• | -49.0% | •••• | Pune, Maharashtra, India |
| Inspiring Educrafters Private Limited | ₹10.25 Lakh (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Maharashtra Industry Development Association this company | ₹10.23 Lakh (FY 2025) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| Jain Ventures Consulting Private Limited | ₹10.22 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Hash Value Advisors Private Limited | ₹10.17 Lakh (FY 2025) | •••• | •••• | 39.0% | •••• | Navi Mumbai, Maharashtra, India |
| Guna Impex Private Limited | ₹10.06 Lakh (FY 2025) | •••• | •••• | -24.0% | •••• | New Delhi, Delhi, India |
| Habitate Technologies Private Limited | ₹10.06 Lakh (FY 2024) | •••• | •••• | -54.0% | •••• | Chennai, Tamil Nadu, India |
| Purbasha Properties Pvt.Ltd. | ₹10.05 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Maharashtra Industry Development Association by revenue in the Business Services industry (Business Auxiliary Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Maharashtra Industry Development Association
Maharashtra Industry Development Association is audited by P. U. KACHARE & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P. U. KACHARE & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Maharashtra Industry Development Association
Maharashtra Industry Development Association has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Balasaheb Salunkhe | Director | 01 Sep 2010 | 16 Years 1 Months | Current |
| Chandrakant Anant Salunkhe Also directs: Salunkhe Packaging Private Limited, James & Baker Medtech Private Limited, Salunkhe Exports Private Limited and 5 more | Managing Director | 01 Sep 2010 | 16 Years 1 Months | Current |
Ownership and Shareholding of Maharashtra Industry Development Association
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Maharashtra Industry Development Association
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jun 2015 | Central Bank of India | ₹47 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Maharashtra Industry Development Association
Employment history and EPFO contributions of people linked to Maharashtra Industry Development Association.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Maharashtra Industry Development Association
Maharashtra Industry Development Association has 2 board changes on record since 2010: 2 appointments. The latest: Chandrakant Anant Salunkhe was appointed as Managing Director on 01 Sep 2010.
Credit Ratings, Litigation & Regulatory Alerts for Maharashtra Industry Development Association
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Maharashtra Industry Development Association
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Maharashtra Industry Development Association
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Maharashtra Industry Development Association
Maharashtra Industry Development Association has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM7940L1ZY | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Maharashtra Industry Development Association
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Maharashtra Industry Development Association
Maharashtra Industry Development Association is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 01 September 2010 (16+ years old) and is registered under CIN U91910MH2010NPL207360.
Maharashtra Industry Development Association reported revenue of ₹10.23 Lakh for FY 2025 (down 63% YoY).
Maharashtra Industry Development Association has 2 current directors:
- Chandrakant Anant Salunkhe - Managing Director
- Mahesh Balasaheb Salunkhe - Director
Maharashtra Industry Development Association reported a net loss of ₹3.06 Lakh (net margin -29.9%) and EBITDA of ₹3.41 Lakh (EBITDA margin 33.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maharashtra Industry Development Association is -42% over three years and -29% over five years. In the latest year (FY 2025) revenue fell 63%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maharashtra Industry Development Association is 27AAGCM7940L1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maharashtra Industry Development Association is U91910MH2010NPL207360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Industry Development Association was incorporated on 01 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maharashtra Industry Development Association by revenue are Monal Infra Private Limited, Innovation Engineers (Bombay) Private Limited, Belgium Luxembourg Business Association, Callbizz Private Limited, Inspiring Educrafters Private Limited and 5 more, all in the Business Services industry (Business Auxiliary Services).
Chandrakant Anant Salunkhe was appointed as Managing Director on 01 Sep 2010. Mahesh Balasaheb Salunkhe was appointed as Director on 01 Sep 2010.
Maharashtra Industry Development Association can be reached through the website midaorg.com. Its registered office is in Mumbai, Maharashtra, India.