Maharashtra State Handlooms Corporation Limited - Company Profile

It is a home & lifestyle private limited state government company based in Nagpur, Maharashtra, India, established in 1971.
1971 Nagpur, Maharashtra, India Active
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About Maharashtra State Handlooms Corporation Limited

Maharashtra State Handlooms Corporation Limited, a active private limited state government company, was established on 29 October 1971 in Nagpur, Maharashtra, India. Engaging in handicrafts & artisan products manufacturing within the manufacturing sector, it holds CIN: U51504MH1971SGC015409. Registered under ROC Roc Nagpur. it is unlisted. It has an authorized capital of ₹35.00 Cr and a paid-up capital of ₹35.00 Cr.

It upholds a compliant status. Employing 1 professional, Its leadership includes Avishyant Panda (Managing Director), Shraddha Deven Kocharekar (Director), Anjum Bano Pathan Rashidkhan (Director). Past directors included Parrag Jaiin Nainutia, Ramesh Motiram Ade, Anand Arjun Mali. It holds ₹4.64 Cr open charges and no settled loans. Its latest AGM occurred on 24 April 2025, with the balance sheet filed on 31 March 2024. It is based at Mshc Complex,Behind Sut Girni, Nagpur,, Nagpur, Maharashtra.

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

    U51504MH1971SGC015409

  • Registration Number

    015409

  • Incorporation Date

    29 October 1971

  • Authorized Capital

    ₹35.00 Cr

  • Paid-Up Capital

    ₹35.00 Cr

  • ROC Code

    Roc Nagpur

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 35.00 Cr
  • Paid Up Capital ₹ 35.00 Cr
  • Company Age 54 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.64 Cr
  • Revenue Growth **** -17.86%
  • Profit Growth **** -6.14%
  • Ebitda **** 31.61%
  • Net Worth -3.39%
  • Total Assets **** 17.68%
Company report

Maharashtra State Handlooms Corporation Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra State Handlooms 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 State Handlooms Corporation Limited?
Current Directors
Name Designation Appointment Date Status
Avishyant Panda Managing Director 14 Feb 2024 Current
Shraddha Deven Kocharekar Director 14 Aug 2023 Current
Anjum Bano Pathan Rashidkhan Director 26 Apr 2022 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 20 Jun 2011 Past
Pramod Abcsdd Director 12 Aug 2014 Past
Pramod Abcsdd Director 30 Jul 2016 Past
Pramod Abcsdd Director 14 Feb 2024 Past
Pramod Abcsdd Director 07 Aug 2020 Past
Pramod Abcsdd Managing Director 22 Jun 2011 Past

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Financial Performance of Maharashtra State Handlooms Corporation.

Maharashtra State Handlooms Corporation Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 17.86% decrease. The company also saw a slight decrease in profitability, with a 6.14% decrease in profit. The company's net worth dipped by a decrease of 3.39%.

Maharashtra State Handlooms Corporation revenue growth over time
Maharashtra State Handlooms Corporation 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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 -17.86%
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Revenue from Operations
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 -10.87%
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Total Assets
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 17.68%
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Profit or Loss
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 -6.14%
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Net Worth
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 -3.39%
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EBITDA
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 31.61%
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What is the Ownership and Shareholding Structure of Maharashtra State Handlooms Corporation?

In 2021, Maharashtra State Handlooms Corporation had a promoter holding of 100.00%. 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

₹46,400,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • State Bank Of India : 4.64 Cr
Latest Charge Details
Date Lender Amount Status
14 Mar 2022 State Bank Of India ₹6.40 M Open
05 Jun 1997 State Bank Of India ₹4.00 Cr Open

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How Many Employees Work at Maharashtra State Handlooms Corporation?

Maharashtra State Handlooms Corporation has a workforce of 1 employees as of Oct 22, 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 State Handlooms 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 State Handlooms Corporation'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 State Handlooms Corporation
Recent Activity within the Organization
  • Annual General Meeting

    The activity Maharashtra State Handlooms Corporation Limited last Annual general meeting of members was held on 24 Apr 2025 as per latest MCA records. was completed.

  • Balance Sheet

    Maharashtra State Handlooms Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Nagpur. was recorded as a recent event.

  • Director Appointment

    The activity Avishyant Panda was appointed as a Managing Director was appointed as a Managing Director on 14 Feb 2024 & has been associated with this company since 2 years 16 days . was completed.

  • Director Appointment

    The activity Shraddha Deven Kocharekar was appointed as a Director was appointed as a Director on 14 Aug 2023 & has been associated with this company since 2 years 6 months . was completed.

  • Director Appointment

    Progress on Anjum Bano Pathan Rashidkhan was appointed as a Director was appointed as a Director on 26 Apr 2022 & has been associated with this company since 3 years 10 months . was documented.

  • Charges

    The activity A charge with State Bank Of India amounted to Rs. 0.64 Cr with Charge ID 100562028 was registered on 14 Mar 2022. was completed.

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Frequently Asked Questions
What is the CIN of Maharashtra State Handlooms Corporation Limited?

The CIN of Maharashtra State Handlooms Corporation Limited is U51504MH1971SGC015409.

Where is Maharashtra State Handlooms Corporation Limited headquartered?

Maharashtra State Handlooms Corporation Limited is headquartered at Mshc Complex,Behind Sut Girni, Nagpur,, Nagpur, Maharashtra.

When was Maharashtra State Handlooms Corporation Limited incorporated?

Maharashtra State Handlooms Corporation Limited was incorporated on 29 October 1971.

Who are the current directors of Maharashtra State Handlooms Corporation Limited?

The current directors of Maharashtra State Handlooms Corporation Limited are

What is the primary industry of Maharashtra State Handlooms Corporation Limited?

The primary industry of Maharashtra State Handlooms Corporation Limited is Manufacturing.

Is Maharashtra State Handlooms Corporation Limited a listed company?

Maharashtra State Handlooms Corporation Limited is unlisted.

What is the capital structure of Maharashtra State Handlooms Corporation Limited?

The authorized capital of Maharashtra State Handlooms Corporation Limited is ₹35.00 Cr, and the paid-up capital is ₹35.00 Cr.

What is the compliance status of Maharashtra State Handlooms Corporation Limited?

The compliance status of Maharashtra State Handlooms Corporation Limited is Compliant.

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