Maharashtra Small Scale Industries Development Corporation Limited - Company Profile

It is a other industry public limited state government company based in Mumbai, Maharashtra, India, established in 1962.

1962 Mumbai, Maharashtra, India Active

Last Updated: February 26, 2026

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About Maharashtra Small Scale Industries Development Corporation Limited

Maharashtra Small Scale Industries Development Corporation Limited, a active public limited state government company, was established on 19 October 1962 in Mumbai, Maharashtra, India. Engaging in other services within the other industry sector, it holds CIN: U74999MH1962SGC012501. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹14.50 Cr.

It upholds a compliant status. Its leadership includes Jagannath Pandharinath Dange (Additional Director), Deependra Singh Kushwah (Nominee Director), Jaideep Jogendra Kawade (Nominee Director). Past directors included Avinash Narayanprasad Pande, Rajendra Vijayrao Nimbalkar, Viswanath Giriraj. It holds ₹38.00 Cr open charges and no settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2024. It is based at Krupanidhi,9,W.H.Marge Ballard Estate, Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
U74999MH1962SGC012501
Registration Number
012501
Incorporation Date
19 October 1962
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹14.50 Cr
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 26-02-2026
Paid Up Capital ₹ 14.50 Cr as on 26-02-2026
Company Age 63 Year, 4 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 38.00 Cr as on 26-02-2026
Revenue Growth **** -47.05% (FY 2015)
Profit Growth **** -87.15% (FY 2015)
Ebitda **** -127.73% (FY 2015)
Net Worth 1.39% (FY 2015)
Total Assets -17.14% (FY 2015)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra Small Scale Industries Development Corporation 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 Small Scale Industries Development Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Jagannath Pandharinath Dange	Additional Director	30 Dec 2024	Current
Deependra Singh Kushwah	Nominee Director	16 Nov 2022	Current
Jaideep Jogendra Kawade	Nominee Director	29 Nov 2024	Current
Mohdtarique Mohdyunus Farooqui	Nominee Director	01 Jul 2014	Current
Geetanjali Shriram Baviskar	Nominee Director	06 Mar 2025	Current
Kunal Prakash Khemnar	Nominee Director	17 Feb 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	04 Jun 2010	Past
Pramod Abcsdd	Managing Director	25 Feb 2025	Past
Pramod Abcsdd	Director	14 Jun 2010	Past
Pramod Abcsdd	Managing Director	20 Jan 2014	Past
Pramod Abcsdd	Nominee Director	18 Feb 2019	Past
Pramod Abcsdd	Nominee Director	29 Aug 2024	Past

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Financial Performance of Maharashtra Small Scale Industries Development Corporation.

Maharashtra Small Scale Industries Development Corporation Limited, for the financial year ended 2015, experienced significant reduction in revenue, with a 47.05% decrease. The company also saw a substantial fall in profitability, with a 87.15% decrease in profit. The company's net worth moved up by a moderate rise of 1.39%.

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

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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

********

-47.05%

*******

Revenue from Operations

*******

-52.11%

*******

Total Assets

*******

-17.14%

*******

Profit or Loss

*******

-87.15%

*******

Net Worth

*******

1.39%

*******

EBITDA

*******

-127.73%

*******

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What is the Ownership and Shareholding Structure of Maharashtra Small Scale Industries Development Corporation?

In 2018, Maharashtra Small Scale Industries Development Corporation 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)

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

₹380,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

State Bank Of India : 33.00 Cr
Small Industries Development Bank Of India : 5.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 May 1999	State Bank Of India	₹19.00 Cr	Open
18 Oct 1998	State Bank Of India	₹1.75 Cr	Open
18 Jun 1992	Small Industries Development Bank Of India	₹5.00 Cr	Open
29 Apr 1991	State Bank Of India	₹10.00 Cr	Open
30 Jan 1987	State Bank Of India	₹7.50 M	Open

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How Many Employees Work at Maharashtra Small Scale Industries Development Corporation?

Unlock and access historical data on people associated with Maharashtra Small Scale Industries Development Corporation, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Small Scale Industries Development Corporation, 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 Small Scale Industries Development Corporation's trajectory.

Rating

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

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 Small Scale Industries Development Corporation

Recent Activity within the Organization

Annual General Meeting

Progress on Maharashtra Small Scale Industries Development Corporation Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was documented.
26 Sep 2025
Director Appointment

Vikas Maruti Pansare was appointed as a Managing Director was appointed as a Managing Director on 25 Sep 2025 & has been associated with this company since 5 months 4 days . was recorded as a recent event.
25 Sep 2025
Director Appointment

The activity Smita Ratan Kharat was appointed as a Cfo was appointed as a Cfo on 26 Aug 2025 & has been associated with this company since 6 months 4 days . was completed.
26 Aug 2025
Director Appointment

Bhanudas Haribhau Palwe was appointed as a Nominee Director was appointed as a Nominee Director on 23 May 2025 & has been associated with this company since 9 months 7 days . was recorded as a recent event.
23 May 2025
Director Appointment

Progress on Geetanjali Shriram Baviskar was appointed as a Nominee Director was appointed as a Nominee Director on 06 Mar 2025 & has been associated with this company since 11 months 24 days . was documented.
06 Mar 2025
Director Appointment

Kunal Prakash Khemnar was appointed as a Nominee Director was appointed as a Nominee Director on 17 Feb 2025 & has been associated with this company since 1 year 10 days . was recorded as a recent event.
17 Feb 2025

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Frequently Asked Questions

What is the CIN of Maharashtra Small Scale Industries Development Corporation Limited?

The CIN of Maharashtra Small Scale Industries Development Corporation Limited is U74999MH1962SGC012501.

Where is Maharashtra Small Scale Industries Development Corporation Limited headquartered?

Maharashtra Small Scale Industries Development Corporation Limited is headquartered at Krupanidhi,9,W.H.Marge Ballard Estate, Mumbai, Maharashtra, 400001.

When was Maharashtra Small Scale Industries Development Corporation Limited incorporated?

Maharashtra Small Scale Industries Development Corporation Limited was incorporated on 19 October 1962.

Who are the current directors of Maharashtra Small Scale Industries Development Corporation Limited?

The current directors of Maharashtra Small Scale Industries Development Corporation Limited are

What is the primary industry of Maharashtra Small Scale Industries Development Corporation Limited?

The primary industry of Maharashtra Small Scale Industries Development Corporation Limited is Other Industry.

Is Maharashtra Small Scale Industries Development Corporation Limited a listed company?

Maharashtra Small Scale Industries Development Corporation Limited is unlisted.

What is the capital structure of Maharashtra Small Scale Industries Development Corporation Limited?

The authorized capital of Maharashtra Small Scale Industries Development Corporation Limited is ₹20.00 Cr, and the paid-up capital is ₹14.50 Cr.

What is the compliance status of Maharashtra Small Scale Industries Development Corporation Limited?

The compliance status of Maharashtra Small Scale Industries Development Corporation Limited is Compliant.

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