Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited - Company Profile

It is a financial services public limited state government company based in Mumbai, Maharashtra, India, established in 1999.
1999 Mumbai, Maharashtra, India Active
Last Updated:
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About Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited, a active public limited state government company, was established on 23 April 1999 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U74999MH1999SGC119586. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹250.00 Cr and a paid-up capital of ₹112.06 Cr.

It upholds a active non-compliant status. Employing 47 professional, Its leadership includes Atul Moreshawar Save (Director), Pramod Ramkrishna Karnad (Director), Madan Madhukarrao Yerawar (Director). Past directors included Akhtar Ali Naqvi, Sudhir Tukaram Jawale, Sharad Bapurao Londhe. Its latest AGM occurred on 29 January 2020, with the balance sheet filed on 31 March 2018. It is based at 4Th Flr New Admin Buildinggoverment Of Maharashtra Ramkrishna Chembuer Kar Marg, Mumbai, Maharashtra, 400071.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U74999MH1999SGC119586

  • Registration Number

    119586

  • Incorporation Date

    23 April 1999

  • Authorized Capital

    ₹250.00 Cr

  • Paid-Up Capital

    ₹112.06 Cr

  • ROC Code

    Roc Mumbai I

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 250.00 Cr
  • Paid Up Capital ₹ 112.06 Cr
  • Company Age 26 Year, 10 Months
  • Last Filing with ROC 31 Mar 2018
  • Revenue Growth **** 10.72%
  • Profit Growth **** 29.57%
  • Ebitda **** -94.06%
  • Net Worth 6.62%
  • Total Assets **** 3.47%
Company report

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal 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 Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited?
Current Directors
Name Designation Appointment Date Status
Atul Moreshawar Save Director 15 Aug 2022 Current
Pramod Ramkrishna Karnad Director 27 May 2015 Current
Madan Madhukarrao Yerawar Director 11 Jul 2017 Current
Ravindra Ramdas Petkar Managing Director 21 Apr 2025 Current
Mahesh Vaman Sarang Managing Director 19 Nov 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 31 Oct 2014 Past
Pramod Abcsdd Managing Director 21 Feb 2011 Past
Pramod Abcsdd Managing Director 26 May 2016 Past
Pramod Abcsdd Director 18 Jul 2012 Past
Pramod Abcsdd Cfo - Past
Pramod Abcsdd Managing Director 23 Aug 2017 Past

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Financial Performance of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal.

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited, for the financial year ended 2018, experienced significant growth in revenue, with a 10.72% increase. The company also saw a substantial improvement in profitability, with a 29.57% increase in profit. The company's net worth moved up by a moderate rise of 6.62%.

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal revenue growth over time
Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal 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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 10.72%
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Revenue from Operations
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 -2.44%
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Total Assets
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 3.47%
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Profit or Loss
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 29.57%
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Net Worth
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 6.62%
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EBITDA
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 -94.06%
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What is the Ownership and Shareholding Structure of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal?

In 2018, Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal had a promoter holding of 100.00%. The company had 1 Subsidiary. 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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How Many Employees Work at Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal?

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal has a workforce of 47 employees as of Oct 16, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal, 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 Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal'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 Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal
Recent Activity within the Organization
  • Director Appointment

    Mahesh Vaman Sarang was appointed as a Managing Director was appointed as a Managing Director on 19 Nov 2025 & has been associated with this company since 3 months 13 days . was recorded as a recent event.

  • Director Appointment

    The activity Ravindra Ramdas Petkar was appointed as a Managing Director was appointed as a Managing Director on 21 Apr 2025 & has been associated with this company since 10 months 11 days . was completed.

  • Director Appointment

    The activity Pratibha Anand Chougule was appointed as a Cfo was appointed as a Cfo on 23 Mar 2024 & has been associated with this company since 1 year 11 months . was completed.

  • Director Appointment

    Mohan Punaji Bavkar was appointed as a Company Secretary was appointed as a Company Secretary on 22 Mar 2024 & has been associated with this company since 1 year 11 months . was recorded as a recent event.

  • Director Appointment

    The activity Atul Moreshawar Save was appointed as a Director was appointed as a Director on 15 Aug 2022 & has been associated with this company since 3 years 6 months . was completed.

  • Annual General Meeting

    The activity Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited last Annual general meeting of members was held on 29 Jan 2020 as per latest MCA records. was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited?

The CIN of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited is U74999MH1999SGC119586.

Where is Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited headquartered?

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited is headquartered at 4Th Flr New Admin Buildinggoverment Of Maharashtra Ramkrishna Chembuer Kar Marg, Mumbai, Maharashtra, 400071.

When was Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited incorporated?

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited was incorporated on 23 April 1999.

Who are the current directors of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited?

The current directors of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited are

What is the primary industry of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited?

The primary industry of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited is Financial And Insurance Service.

Is Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited a listed company?

Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited is unlisted.

What is the capital structure of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited?

The authorized capital of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited is ₹250.00 Cr, and the paid-up capital is ₹112.06 Cr.

What is the compliance status of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited?

The compliance status of Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited is Active Non-Compliant.

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