About Mahavir Industries Limited
Data last updated:
Mahavir Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 October 1989.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L31300MH1989PLC250547. It is recorded as listed by MCA, but trading in its shares on BSE (531648) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Croitre Industries Limited and Sai Wires India Ltd. It is led by directors including Sushil Kumar Tiwary and Vijay Kumar Tirkey.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Sector 2, Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹15.06 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹2,189 (net margin 0.1%) and EBITDA of ₹1.41 Lakh (EBITDA margin 9.3%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 11% over five years.
Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 3 cases are pending. The company has 118 deals on record (118 market trades); the latest was in September 2022.
The last known website on record is miltd.co.
Company details
Name history
Mahavir Industries has undergone 2 name changes throughout its history. The company was previously known as Croitre Industries Limited, and Sai Wires India Ltd. The current legal name is Mahavir Industries Limited.
| Company Name | Status |
|---|---|
| Mahavir Industries Limited | Current |
| Croitre Industries Limited | Previous |
| Sai Wires India Ltd | Previous |
CIN history
Mahavir Industries has one previous CIN (Corporate Identification Number): L31300AP1989PLC010550. The current CIN is L31300MH1989PLC250547, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31300MH1989PLC250547 | Current |
| L31300AP1989PLC010550 | Previous |
Contact details
Mahavir Industries Limited's registered office is in Mumbai, Maharashtra. Its website is miltd.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD/44 – 253 Ground Floor Aamantran Chs, Cts No – 1 Sector 2, Mumbai, Maharashtra, India – 400067
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Mahavir Industries Limited, buy the company report.
- 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
Business activity
The main business activity of Mahavir Industries is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Mahavir Industries Limited, buy the company report.
Financials of Mahavir Industries Limited
FY 2021 filings availableMahavir Industries Limited reported revenue of ₹15.06 Lakh (up 11% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 11% growth in the latest year. EBITDA rose 29% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15.06 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.41 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,189 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mahavir Industries Limited, buy the company report.
Board of directors of Mahavir Industries Limited
Mahavir Industries has 4 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Kumar Tiwary | Additional Director | 25 Nov 2023 | 2 Years 11 Months | As last reported |
| Vijay Kumar Tirkey Also directs: Kardam Projects Private Limited | Additional Director | 25 Nov 2023 | 2 Years 11 Months | As last reported |
| Mangal Singh Hansda Also directs: NST Precision Engg Exports Private Limited, Silvertoss Traders Private Limited, Lakeview Retails Private Limited and 2 more | Additional Director | 25 Nov 2023 | 2 Years 11 Months | As last reported |
| Kunal Goswami Also directs: NST Precision Engg Exports Private Limited, Silvertoss Traders Private Limited, Lakeview Retails Private Limited and 3 more | Additional Director | 25 Nov 2023 | 2 Years 11 Months | As last reported |
Auditor
Mahavir Industries Limited is audited by THAKUR BHUWANESH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THAKUR BHUWANESH & ASSOCIATES | FY 2021 | 019690N |
Shareholding
The shareholding of Mahavir Industries Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Mahavir Industries Limited, buy the company report.
Deals & funding
Mahavir Industries Limited has 118 deals on record (118 market trades); the latest was in September 2022.
Deals on record (5 of 118)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Market trade | ₹29.1 Lakh | Buyer: B.W.Traders Seller: Alpha Leon Enterprises LLP , B.W.Traders |
| Feb 2022 | Market trade | ₹25.4 Lakh | Buyer: Alpha Leon Enterprises LLP |
| Jan 2022 | Market trade | ₹8.1 Lakh | Seller: Alpha Leon Enterprises LLP |
| Jan 2022 | Market trade | ₹28.6 Lakh | Buyer: Alpha Leon Enterprises LLP , an individual Seller: Xcess Securities Private Limited , Alpha Leon Enterprises LLP , 2 individuals |
| Nov 2021 | Market trade | ₹2.9 Lakh | Seller: Panafic Industrials Limited |
To see the full deal history of Mahavir Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahavir Industries Limited has 6 court cases on record: 1 filed by Mahavir Industries, 5 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| NCLAT | 2 | 2 | 2 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Utsav Securities Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Utsav Securities Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Utsav Securities Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against individuals | Disposed |
To see the full case history of Mahavir Industries 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 Mahavir Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mahavir Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mahavir Industries Limited has 82 board changes on record since 2001: 43 appointments and 39 cessations. The latest: Ajay Kumar ceased to be Additional Director on 11 Jan 2024.
73 earlier events are in the company report.
Frequently asked questions
Mahavir Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mahavir Industries is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 October 1989 and is registered under CIN L31300MH1989PLC250547. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mahavir Industries has 4 current directors:
- Sushil Kumar Tiwary - Additional Director
- Vijay Kumar Tirkey - Additional Director
- Mangal Singh Hansda - Additional Director
- Kunal Goswami - Additional Director
The latest financial statements of Mahavir Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mahavir Industries is L31300MH1989PLC250547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahavir Industries is recorded as a listed company by MCA, but trading in its shares on BSE (531648) has been suspended, so they do not currently trade on a stock exchange.
Mahavir Industries has 6 court cases on record: 1 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Mahavir Industries was incorporated on 12 October 1989. It is registered with the Registrar of Companies, Mumbai.
Mahavir Industries has 118 deals on record (118 market trades); the latest was in September 2022.
Ajay Kumar ceased to be Additional Director on 11 Jan 2024. Hari Dutt ceased to be Additional Director on 20 Dec 2023. Ravi Dutt ceased to be Additional Director on 20 Dec 2023. Mahavir Industries has 82 board changes on record in total.
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