MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0040285
Mahati Industries Private Limited - energy and power in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹142.53 Cr
▲ 42% YoY
Net profit · FY 2025
₹13.22 Cr
Net margin 9.3%
EBITDA · FY 2025
₹19.51 Cr
EBITDA margin 13.7%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.88 Cr
Issued & subscribed
Open charges
₹167.8 Cr
Satisfied ₹3.49 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
145
Provident fund records
About Mahati Industries Private Limited
Data last updated:
Mahati Industries Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 23 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31501PN2013PTC147518. Its GSTIN is 27AAICM6177B1ZE (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.88 Cr. It is led by directors including Sujay Uday Shah (Whole-Time Director) and Sujata Sujay Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 32/33 Shankarshet Road Behind S T Work Shop, Pune, Maharashtra, India – 411037.
As per the financials filed for FY 2025, the company reported a revenue of ₹142.53 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹13.22 Cr (net margin 9.3%) and EBITDA of ₹19.51 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
The company has about 145 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahati Electrics. As per MCA filings, the company has open charges of ₹167.8 Cr and satisfied charges of ₹3.49 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it. The company has 5 deals on record (3 secondary share transfers, 2 rights issues); the latest was in November 2023. Its 4 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 1 smaller; the largest is Ankur Traders & Engineers Private Limited with revenue of ₹143.95 Cr. The company has 6 MSME Form 1 returns on record between 2017 and 2023, listing 139 overdue payments to 34 micro and small suppliers.
Mahati Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0040285). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahati.com.
Company details
CIN U31501PN2013PTC147518
Registration Number 147518
Incorporation Date 23 May 2013
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0040285
Key People
Sujay Uday Shah Whole-Time Director Sujata Sujay Shah Director Vinaya Udaybabu Shah Director Recognitions & Rankings of Mahati Industries
Contact details
Mahati Industries Private Limited's registered office is in Pune, Maharashtra. Its website is mahati.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address32/33 Shankarshet Road Behind S T Work Shop, Pune, Maharashtra, India – 411037
- IndustryEnergy and Power, BoP & BTG Services, Power EPC, Power Equipment Manufacturers
To see the full contact details of Mahati Industries Private Limited, buy the company report.
Comprehensive company report
Mahati Industries Private Limited - one report that includes everything
- 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
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Brands
Mahati Industries operates one associated brand: Mahati Electrics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power generation, transmission solutions, and equipment manufacturing in the energy sector. | mahati.com |
Business activity
The main business activities of Mahati Industries are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and architecture, engineering activities, technical testing and analysis activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Mahati Industries Private Limited, buy the company report.
Financials of Mahati Industries Private Limited
FY 2025 filings availableMahati Industries Private Limited reported revenue of ₹142.53 Cr (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹142.53 Cr ▲ 42%
Net profit · FY 2025
₹13.22 Cr margin 9.3%
EBITDA · FY 2025
₹19.51 Cr margin 13.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 15%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 95%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 42% growth in the latest year. EBITDA fell 8% 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
| 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 | ₹142.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.22 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.7% | ||||
| Net Profit Margin | 9.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mahati Industries Private Limited, buy the company report.
Board of directors of Mahati Industries Private Limited
Mahati Industries has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujay Uday Shah Also directs: Mahati Electrics Engineering Services LLP, Mahati Electrics Pvt Ltd, Mahati Energy Storage Systems Private Limited and 5 more | Whole-Time Director | 23 May 2013 | 13 Years 5 Months | Current |
| Sujata Sujay Shah Also directs: Mahati Electrics Engineering Services LLP, Mahati Electrics Pvt Ltd, Sujay Shah Energy Ventures Private Limited and 2 more | Director | 29 Jan 2024 | 2 Years 9 Months | Current |
| Vinaya Udaybabu Shah Also directs: Mahati Electrics Pvt Ltd | Director | 29 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Mahati Industries Private Limited is compared with the 4 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ankur Traders & Engineers Private Limited | ₹143.95 Cr (FY 2025) | 46.0% | New Delhi, Delhi, India | |||
| Atlas Transformers India Limited | ₹143.58 Cr (FY 2025) | -31.0% | Vadodara, Gujarat, India | |||
| Star Delta Transformers Limited | ₹143.21 Cr (FY 2025) | -1.0% | Bhopal, Madhya Pradesh, India | |||
| Mahati Industries Private Limitedthis company | ₹142.53 Cr (FY 2025) | ₹13.22 Cr | 9.3% | 42.0% | 145 | Pune, Maharashtra, India |
| Winomechanic Private Limited | ₹141.7 Cr (FY 2024) | 60.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Mahati Industries Private Limited, buy the company report.
Auditor
Mahati Industries Private Limited is audited by SURYAKANT M. SHAH & CO. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURYAKANT M. SHAH & CO. | FY 2025 | 110712W |
Shareholding
The shareholding of Mahati Industries Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahati Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹167.8 Cr
Satisfied charges
₹3.49 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2025 | 101218335 | Hdfc Bank Limited | ₹14.99 Lakh | Open | |
| 11 Dec 2025 | 101218386 | Hdfc Bank Limited | ₹14.99 Lakh | Open | |
| 14 Aug 2025 | 101150337 | Hdfc Bank Limited | ₹122.5 Cr | Open | |
| 23 May 2013 | 10437234 | Canara Bank | ₹45 Cr | Open | |
| 29 Aug 2016 | 100050969 | Others | ₹1.22 Cr | Satisfied |
To see the full charge records of Mahati Industries Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Mahati Industries Private Limited has 5 deals on record (3 secondary share transfers, 2 rights issues); the latest was in November 2023.
Total deals
5
Secondary share transfers
3
Rights issues
2
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2019 | Rights issue | ₹14.4 Cr | Investors: an individual |
| Mar 2017 | Rights issue | ₹4.81 Cr | Investors: 3 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahati Industries Private Limited has 9 court cases on record: 3 filed by Mahati Industries, 6 filed against it. All cases are disposed.
Total cases
9
Filed by the company
3
Filed against the company
6
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Haldia Steels Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Haldia Steels Pvt Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra | Disposed |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against State of Maharahtra - Yavat Police Station | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Mahati Industries Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mahati Industries Private Limited was last rated by Care on 22 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Feb 2023 |
To see the full credit ratings and regulatory alerts of Mahati Industries Private Limited, buy the company report.
MSME payment delays
Mahati Industries Private Limited has 6 MSME Form 1 returns on record between 2017 and 2023, listing 139 overdue payments to 34 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| R S Engineers | |||
| Precimeasure Controls Private Limited | |||
| Lamtex Insulation | |||
| Retco Electricals | |||
| Vraj Industries |
To see the full MSME payment records of Mahati Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahati Industries Private Limited has a workforce of 145 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
145
Active EPFO establishments
1
Employee growth
7.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 145 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Mahati Industries Private Limited, buy the company report.
GST
Mahati Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM6177B1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahati Industries Private Limited, buy the company report.
Recent activity
Mahati Industries Private Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Sujata Sujay Shah ceased to be Additional Director on 26 Sep 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 122.50 Cr registered on 14 Aug 2025 with Charge ID 101150337 was modified on 16 Dec 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 101218335 was registered on 11 Dec 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 101218386 was registered on 11 Dec 2025.
AGM
Mahati Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 122.50 Cr with Charge ID 101150337 was registered on 14 Aug 2025.
Filing
Mahati Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Canara Bank of Rs. 45.00 Cr registered on 23 May 2013 with Charge ID 10437234 was modified on 17 Dec 2024.
Ceased
Sujata Sujay Shah ceased to be Additional Director.
Ceased
Vinaya Udaybabu Shah ceased to be Additional Director.
Appointed
Sujata Sujay Shah was appointed as Director.
Appointed
Vinaya Udaybabu Shah was appointed as Director.
Charges
A charge registered on 29 Aug 2016 via Charge ID 100050969 with Others was fully satisfied on 03 Mar 2021.
16 earlier events are in the company report.
Frequently asked questions
Mahati Industries is an active private limited company based in Pune, Maharashtra, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 23 May 2013 (13+ years old) and is registered under CIN U31501PN2013PTC147518.
Mahati Industries has 3 current directors:
- Sujay Uday Shah - Whole-Time Director
- Sujata Sujay Shah - Director
- Vinaya Udaybabu Shah - Director
The latest financial statements of Mahati Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahati Industries is 27AAICM6177B1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mahati Industries is U31501PN2013PTC147518. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahati Industries has 9 court cases on record: 3 filed by the company and 6 filed against it. Most are in the district courts.
Mahati Industries was incorporated on 23 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
Mahati Industries has 5 deals on record (3 secondary share transfers, 2 rights issues); the latest was in November 2023.
The peers of Mahati Industries by revenue are Ankur Traders & Engineers Private Limited, Atlas Transformers India Limited, Star Delta Transformers Limited, Winomechanic Private Limited, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sujata Sujay Shah ceased to be Additional Director on 26 Sep 2024. Vinaya Udaybabu Shah ceased to be Additional Director on 26 Sep 2024. Sujata Sujay Shah was appointed as Director on 29 Jan 2024. Mahati Industries has 9 board changes on record in total.
Yes, Mahati Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0040285).
Mahati Industries has 6 MSME Form 1 returns on record between 2017 and 2023, listing 139 overdue payments to 34 micro and small suppliers. The latest return was filed on 30 Aug 2023.
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