Mahavir Eco Projects Private Limited

Mahavir Eco Projects Private Limited - environment in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U74999GJ2012PTC072826 Incorporated 29 November 2012 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company environment MSME · Small
Data last updated
Revenue · FY 2025
₹9.65 Cr
▼ 13% YoY
Net profit · FY 2025
₹1.18 Cr
Net margin 12.3%
EBITDA · FY 2025
₹2.73 Cr
EBITDA margin 28.3%
Authorised capital
₹5.75 Cr
Registered with MCA
Paid-up capital
₹5.75 Cr
Issued & subscribed
Open charges
₹6.51 Cr
Satisfied ₹24.51 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
16
Provident fund records

About Mahavir Eco Projects Private Limited

Data last updated:

Mahavir Eco Projects Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 29 November 2012 and has been in existence for over 14 years.

Its director Anand Sureshbhai Desai and Family is #748 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2012PTC072826. Its GSTIN is 24AAICM3025G1ZT (Gujarat).

The company has an authorised share capital of ₹5.75 Cr and a paid-up capital of ₹5.75 Cr. It is led by directors including Param Vatsal Naik and Neha Vatsal Naik.

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 Plot No. 2430 GIDC Sachin, Surat, Gujarat, India – 394230.

As per the financials filed for FY 2025, the company reported a revenue of ₹9.65 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹1.18 Cr (net margin 12.3%) and EBITDA of ₹2.73 Cr (EBITDA margin 28.3%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 12% over five years.

The company has about 16 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹6.51 Cr and satisfied charges of ₹24.51 Cr on record.

Mahavir Eco Projects Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0007239). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meppl.co.in.

Company details

CIN U74999GJ2012PTC072826
Registration Number 072826
Incorporation Date 29 November 2012
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-22-0007239
Key People
Param Vatsal Naik Director Miteshkumar Kantilal Ladani Nominee Director Neha Vatsal Naik Director

Recognitions & Rankings of Mahavir Eco Projects

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-22-0007239

Contact details

Mahavir Eco Projects Private Limited's registered office is in Surat, Gujarat. Its website is meppl.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    meppl.co.in
  • Registered Address
    Plot No. 2430 GIDC Sachin, Surat, Gujarat, India – 394230
  • Industry
    Environment, Water Treatment

To see the full contact details of Mahavir Eco Projects Private Limited, buy the company report.

Comprehensive company report
Mahavir Eco Projects 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 Mahavir Eco Projects is water supply, sewerage and waste management. In detail, this covers water collection, treatment and supply.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
EWater supply, sewerage and waste managementE1Water collection, treatment and supply

To see the full business activity and turnover split of Mahavir Eco Projects Private Limited, buy the company report.

Financials of Mahavir Eco Projects Private Limited

FY 2025 filings available

Mahavir Eco Projects Private Limited reported revenue of ₹9.65 Cr (down 13% YoY) for FY 2025.

Revenue · FY 2025
₹9.65 Cr ▼ 13%
Net profit · FY 2025
₹1.18 Cr margin 12.3%
EBITDA · FY 2025
₹2.73 Cr margin 28.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 27%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 24%
5 years · compounded
▼ 13%

Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 13% fall in the latest year. EBITDA fell 10% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.73 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.18 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin28.3%
Net Profit Margin12.3%
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 Mahavir Eco Projects Private Limited, buy the company report.

Board of directors of Mahavir Eco Projects Private Limited

Mahavir Eco Projects has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Param Vatsal Naik
Also directs: Mahavir Synthesis Private Limited
Director21 Jul 20179 Years 3 MonthsCurrent
Miteshkumar Kantilal LadaniNominee Director30 Apr 20224 Years 6 MonthsCurrent
Neha Vatsal Naik
Also directs: Mahavir Synthesis Private Limited
Director07 Mar 201412 Years 7 MonthsCurrent
Vatsal Dinkerrai Naik
Also directs: Globe Enviro Care Limited, Mahavir Synthesis Private Limited, Vibrant Industrial Park Limited and 1 more
Director29 Nov 201213 Years 11 MonthsCurrent
Anand Sureshbhai Desai
Also directs: Anupam Rasayan India Limited, Rehash Industrial and Resins Chemicals Private Limited, Globe Enviro Care Limited
Director23 Feb 20224 Years 8 MonthsCurrent
View all directors

Auditor

Mahavir Eco Projects Private Limited is audited by NATVARLAL VEPARI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
NATVARLAL VEPARI & CO.FY 2023123626W

Shareholding

The shareholding of Mahavir Eco Projects 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 categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mahavir Eco Projects Private Limited, buy the company report.

Charges & borrowings

Open charges
₹6.51 Cr
Satisfied charges
₹24.51 Cr
Breakdown by lending institutions
Others₹6.51 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Jan 2022100528763Others₹6.51 CrOpen
25 Sep 2017100125477Others₹9.76 CrSatisfied
23 Feb 201510556295Bank of Baroda₹14.75 CrSatisfied

To see the full charge records of Mahavir Eco Projects Private Limited, buy the company report.

Total charge records: 3 View all charges

Credit ratings & regulatory alerts

Mahavir Eco Projects Private Limited was last rated by Crisil on 29 Sep 2021.

Rating agencyRated onRating
Crisil29 Sep 2021

To see the full credit ratings and regulatory alerts of Mahavir Eco Projects Private Limited, buy the company report.

MSME payment delays

Mahavir Eco Projects Private Limited has 9 MSME Form 1 returns on record between 2018 and 2023, listing 214 overdue payments to 33 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 33)

SupplierAmount dueDue sinceReported on
Beil Infrastructure Limited
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Mahavir Eco Projects Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Mahavir Eco Projects Private Limited has a workforce of 16 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
16
Active EPFO establishments
1
Employee growth
-27.27%

GST

Mahavir Eco Projects has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAICM3025G1ZTGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Mahavir Eco Projects Private Limited, buy the company report.

Recent activity

Mahavir Eco Projects Private Limited has 11 board changes on record since 2012: 5 appointments and 6 cessations. The latest: Miteshkumar Kantilal Ladani ceased to be Nominee Director on 25 Aug 2025.

AGM
Mahavir Eco Projects Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Miteshkumar Kantilal Ladani ceased to be Nominee Director.
Filing
Mahavir Eco Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 6.51 Cr registered on 13 Jan 2022 with Charge ID 100528763 was modified on 04 May 2022.
Appointed
Miteshkumar Kantilal Ladani was appointed as Nominee Director.
Appointed
Anand Sureshbhai Desai was appointed as Director.
Charges
A charge with Others amounted to Rs. 6.51 Cr with Charge ID 100528763 was registered on 13 Jan 2022.
Charges
A charge registered on 25 Sep 2017 via Charge ID 100125477 with Others was fully satisfied on 09 Oct 2020.
Ceased
Anand Sureshbhai Desai ceased to be Director.
Ceased
Nimalkumar Dilipkumar Vashi ceased to be Director.
Ceased
Rajesh Ishwarbhai Chavda ceased to be Nominee Director.
Charges
A charge with Others of Rs. 9.76 Cr registered on 25 Sep 2017 with Charge ID 100125477 was modified on 28 Nov 2017.

10 earlier events are in the company report.

Frequently asked questions

Mahavir Eco Projects is an active private limited company based in Surat, Gujarat, India. The company works in water treatment, within the environment industry. It was incorporated on 29 November 2012 (14+ years old) and is registered under CIN U74999GJ2012PTC072826.

Mahavir Eco Projects has 5 current directors:

The latest financial statements of Mahavir Eco Projects 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 Mahavir Eco Projects is 24AAICM3025G1ZT, registered in Gujarat.

The CIN (Corporate Identification Number) of Mahavir Eco Projects is U74999GJ2012PTC072826. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mahavir Eco Projects was incorporated on 29 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Miteshkumar Kantilal Ladani ceased to be Nominee Director on 25 Aug 2025. Miteshkumar Kantilal Ladani was appointed as Nominee Director on 30 Apr 2022. Anand Sureshbhai Desai was appointed as Director on 23 Feb 2022. Mahavir Eco Projects has 11 board changes on record in total.

Yes, Mahavir Eco Projects is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0007239).

Mahavir Eco Projects has 9 MSME Form 1 returns on record between 2018 and 2023, listing 214 overdue payments to 33 micro and small suppliers. The latest return was filed on 26 Aug 2023.

Mahavir Eco Projects can be reached through the website meppl.co.in. Its registered office is in Surat, Gujarat, India.

The registered office of Mahavir Eco Projects is at Plot No. 2430 GIDC Sachin, Surat, Gujarat, India – 394230.