MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-DN-01-0000374
Mahaveer Yarns Private Limited
Mahaveer Yarns Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹43.86 Cr
▲ 4% YoY
Net profit · FY 2023
₹36.33 Lakh
Net margin 0.8%
EBITDA · FY 2023
₹1.42 Cr
EBITDA margin 3.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.49 Cr
Issued & subscribed
Open charges
₹9.17 Cr
Satisfied ₹5.37 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
20
Provident fund records
About Mahaveer Yarns Private Limited
Data last updated:
Mahaveer Yarns Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH2003PTC143026. Its GSTIN is 27AADCM6764B1ZI (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.49 Cr. It is led by directors including Sushiladevi Surajkaran Dugar and Surajkaran Jhumarmal Dugar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹43.86 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹36.33 Lakh (net margin 0.8%) and EBITDA of ₹1.42 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.17 Cr and satisfied charges of ₹5.37 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
Mahaveer Yarns Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DN-01-0000374). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17100MH2003PTC143026
Registration Number 143026
Incorporation Date 07 November 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DN-01-0000374
Key People
Sushiladevi Surajkaran Dugar Director Kamal Suraj Dugar Additional Director Surajkaran Jhumarmal Dugar Director Recognitions & Rankings of Mahaveer Yarns
Contact details
Mahaveer Yarns Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address208 2nd Floor Hubtown Viva Shankarwadi Western Express Highway Jogeshwari (Eas, T), Mumbai, Maharashtra, India – 400060
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mahaveer Yarns Private Limited, buy the company report.
Comprehensive company report
Mahaveer Yarns 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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Business activity
The main business activity of Mahaveer Yarns is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Mahaveer Yarns Private Limited, buy the company report.
Financials of Mahaveer Yarns Private Limited
FY 2024 filings availableMahaveer Yarns Private Limited reported revenue of ₹43.86 Cr (up 4% YoY) for FY 2023.
Revenue · FY 2023
₹43.86 Cr ▲ 4%
Net profit · FY 2023
₹36.33 Lakh margin 0.8%
EBITDA · FY 2023
₹1.42 Cr margin 3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 3%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 2%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 4% growth in the latest year. EBITDA fell 13% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹43.86 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.33 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Mahaveer Yarns Private Limited, buy the company report.
Board of directors of Mahaveer Yarns Private Limited
Mahaveer Yarns has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushiladevi Surajkaran Dugar | Director | 04 Sep 2023 | 3 Years 2 Months | Current |
| Kamal Suraj Dugar Also directs: Clarion Associates LLP | Additional Director | 10 Oct 2023 | 3 Years 0 Months | Current |
| Surajkaran Jhumarmal Dugar | Director | 01 Dec 2004 | 21 Years 11 Months | Current |
Peer comparison
Mahaveer Yarns Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Himker Knits India Private Limited | ₹44.03 Cr (FY 2025) | 2.0% | Ludhiana, Punjab, India | |||
| Cottex Spinners Coimbatore Private Limited | ₹43.98 Cr (FY 2025) | 3.0% | Coimbatore, Tamil Nadu, India | |||
| Devika Industries Private Limited | ₹43.94 Cr (FY 2025) | -32.0% | Surat, Gujarat, India | |||
| Mahaveer Yarns Private Limitedthis company | ₹43.86 Cr (FY 2023) | ₹36.33 Lakh | 0.8% | 4.0% | 20 | Mumbai, Maharashtra, India |
| Shiv Fibretex International Private Limited | ₹43.85 Cr (FY 2024) | -6.0% | Delhi, India | |||
| Navneet Synthetics Limited | ₹43.81 Cr (FY 2025) | 13.0% | Punjab, India |
To see the full peer comparison of Mahaveer Yarns Private Limited, buy the company report.
Auditor
Mahaveer Yarns Private Limited is audited by P C SURANA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P C SURANA & CO | FY 2023 | 110631W |
Shareholding
The shareholding of Mahaveer Yarns Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahaveer Yarns Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.17 Cr
Satisfied charges
₹5.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2025 | 101176644 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 24 Jul 2020 | 100371579 | Axis Bank Limited | ₹1.55 Cr | Open | |
| 10 Jul 2020 | 100355159 | Axis Bank Limited | ₹67 Lakh | Open | |
| 12 Aug 2016 | 100049567 | Axis Bank Limited | ₹3.25 Cr | Open | |
| 28 Mar 2016 | 100018963 | Axis Bank Limited | ₹3.6 Cr | Open |
To see the full charge records of Mahaveer Yarns Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Mahaveer Yarns Private Limited has 4 court cases on record: 4 filed by Mahaveer Yarns. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S. Maa Shakti Fabrics and 3 others | Pending |
| District court, Silvassa, DNH at Silvasa | Court case (OTH. MISC.APPLI- CRI) | Filed by the company against Shubham Textiles and 01 and 1 other | Disposed |
| District court, Silvassa, DNH at Silvasa | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
To see the full case history of Mahaveer Yarns 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahaveer Yarns Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mahaveer Yarns Private Limited has a workforce of 20 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
17.65%
GST
Mahaveer Yarns has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM6764B1ZI | Maharashtra | Active | 02 Jun 2022 |
| 26AADCM6764B1ZK | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
| 24AADCM6764B1ZO | Gujarat | Active | 26 Jun 2019 |
To see the full GST registrations and return filing status of Mahaveer Yarns Private Limited, buy the company report.
Recent activity
Mahaveer Yarns Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Kamal Suraj Dugar was appointed as Additional Director on 10 Oct 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101176644 was registered on 23 Oct 2025.
AGM
Mahaveer Yarns Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mahaveer Yarns Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Kamal Suraj Dugar was appointed as Additional Director.
Appointed
Sushiladevi Surajkaran Dugar was appointed as Director.
Ceased
Naresh Suraj Dugar ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 0.67 Cr registered on 10 Jul 2020 with Charge ID 100355159 was modified on 16 Oct 2020.
Charges
A charge with Axis Bank Limited of Rs. 1.55 Cr registered on 24 Jul 2020 with Charge ID 100371579 was modified on 27 Jul 2020.
Charges
A charge with Axis Bank Limited of Rs. 3.60 Cr registered on 28 Mar 2016 with Charge ID 100018963 was modified on 27 Jul 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.55 Cr with Charge ID 100371579 was registered on 24 Jul 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.67 Cr with Charge ID 100355159 was registered on 10 Jul 2020.
Charges
A charge with Axis Bank Limited of Rs. 3.25 Cr registered on 12 Aug 2016 with Charge ID 100049567 was modified on 30 Jun 2018.
10 earlier events are in the company report.
Frequently asked questions
Mahaveer Yarns is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 November 2003 (23+ years old) and is registered under CIN U17100MH2003PTC143026.
Mahaveer Yarns has 3 current directors:
- Sushiladevi Surajkaran Dugar - Director
- Kamal Suraj Dugar - Additional Director
- Surajkaran Jhumarmal Dugar - Director
The latest financial statements of Mahaveer Yarns on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahaveer Yarns is 27AADCM6764B1ZI, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 26AADCM6764B1ZK (Dadra and Nagar Haveli and Daman and Diu), 24AADCM6764B1ZO (Gujarat).
The CIN (Corporate Identification Number) of Mahaveer Yarns is U17100MH2003PTC143026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahaveer Yarns has 4 court cases on record: 4 filed by the company. 2 are pending.
Mahaveer Yarns was incorporated on 07 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mahaveer Yarns by revenue are Himker Knits India Private Limited, Cottex Spinners Coimbatore Private Limited, Devika Industries Private Limited, Shiv Fibretex International Private Limited, Navneet Synthetics Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kamal Suraj Dugar was appointed as Additional Director on 10 Oct 2023. Sushiladevi Surajkaran Dugar was appointed as Director on 04 Sep 2023. Naresh Suraj Dugar ceased to be Director on 03 Sep 2023. Mahaveer Yarns has 7 board changes on record in total.
Yes, Mahaveer Yarns is registered as a small enterprise under Udyam registration (number: UDYAM-DN-01-0000374).
The registered office of Mahaveer Yarns is at 208 2nd Floor Hubtown Viva Shankarwadi Western Express Highway Jogeshwari Eas, T, Mumbai, Maharashtra, India – 400060.
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