MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-RJ-01-0007627
Mahavir Minerals Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.95 Cr
▼ 12% YoY
Net profit · FY 2024
₹25.02 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹2 Cr
EBITDA margin 11.1%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹1.72 Cr
Issued & subscribed
Open charges
₹16.8 Cr
Satisfied ₹4.21 Cr
Company age
49 yrs
Est. 1977
Employees · EPFO
37
Provident fund records
About Mahavir Minerals Limited
Data last updated:
Mahavir Minerals Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 17 June 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1977PLC019705. Its GSTIN is 08AAACM3078K1Z9 (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1.72 Cr. It was formerly known as Mahavir Minerals Private Limited. It is led by directors including Madhusudan Laxminarayan Daga (Managing Director) and Yashovardhan Madhusudan Daga.
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 Sonawala Building 2nd Floor65 Bombay Samachar Marg Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.95 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹25.02 Lakh (net margin 1.4%) and EBITDA of ₹2 Cr (EBITDA margin 11.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
The company has about 37 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahavir Minerals. As per MCA filings, the company has open charges of ₹16.8 Cr and satisfied charges of ₹4.21 Cr on record. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it; 1 case is pending.
Mahavir Minerals Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-01-0007627). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahavirminerals.com.
Company details
CIN U24100MH1977PLC019705
Registration Number 019705
Incorporation Date 17 June 1977
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-RJ-01-0007627
Key People
Madhusudan Laxminarayan Daga Managing Director Yashovardhan Madhusudan Daga Director Vandana Madhusudan Daga Director Recognitions & Rankings of Mahavir Minerals
Contact details
Mahavir Minerals Limited's registered office is in Mumbai, Maharashtra. Its website is mahavirminerals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSonawala Building 2nd Floor65 Bombay Samachar Marg Fort, Mumbai, Maharashtra, India – 400023
- IndustryMetals and Minerals, Other Metals & Minerals
To see the full contact details of Mahavir Minerals Limited, buy the company report.
Comprehensive company report
Mahavir Minerals 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
Mahavir Minerals operates one associated brand: Mahavir Minerals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mining and supplying industrial minerals for the ceramic and glass industries. | mahavirminerals.com |
Business activity
The main business activity of Mahavir Minerals is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Mahavir Minerals Limited, buy the company report.
Financials of Mahavir Minerals Limited
FY 2024 filings availableMahavir Minerals Limited reported revenue of ₹17.95 Cr (down 12% YoY) for FY 2024.
Revenue · FY 2024
₹17.95 Cr ▼ 12%
Net profit · FY 2024
₹25.02 Lakh margin 1.4%
EBITDA · FY 2024
₹2 Cr margin 11.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 7%
5 years · compounded
▲ 4%
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 12% fall in the latest year. EBITDA fell 7% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.02 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Mahavir Minerals Limited, buy the company report.
Board of directors of Mahavir Minerals Limited
Mahavir Minerals has 6 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 |
|---|---|---|---|---|
| Yashovardhan Madhusudan Daga Also directs: Corner Stone Energy Private Limited, RBBR Infrastructure Private Limited, Rungta and Daga Investments Private Limited and 1 more | Director | 01 Oct 2009 | 17 Years 0 Months | Current |
| Madhusudan Laxminarayan Daga Also directs: Reliance Finvest Private Limited, Mahesh Minerals Pvt Ltd, Amtek Agents Pvt.Ltd. and 5 more | Managing Director | 05 Feb 1979 | 47 Years 8 Months | Current |
| Vandana Madhusudan Daga Also directs: Reliance Finvest Private Limited, Mahesh Minerals Pvt Ltd, Aryavarta Constructions Private Limited and 2 more | Director | 16 Nov 1999 | 26 Years 11 Months | Current |
| Harshvardhan Madhusudan Daga | Director | 18 Nov 2015 | 10 Years 11 Months | Current |
| Devang Dhairyakant Gandhi Also directs: Shivpujan Barter Pvt.Ltd., Reliance Finvest Private Limited, Getos Builders Pvt. Ltd. and 1 more | Director | 17 Jun 1977 | 49 Years 4 Months | Current |
| Jayesh Ramniklal Kumbhani | Director | 30 Mar 2015 | 11 Years 6 Months | Current |
Auditor
Mahavir Minerals Limited is audited by R. C. RESHAMWALA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. C. RESHAMWALA & CO. | FY 2023 | 108832W |
Shareholding
The shareholding of Mahavir Minerals 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahavir Minerals Limited, buy the company report.
Charges & borrowings
Open charges
₹16.8 Cr
Satisfied charges
₹4.21 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2021 | 100499419 | Others | ₹42.48 Lakh | Open | |
| 30 Sep 2016 | 100062518 | Tata Capital Financial Services Limited | ₹21.15 Lakh | Open | |
| 07 Jul 2016 | 100040794 | Hdfc Bank Limited | ₹12.66 Cr | Open | |
| 30 Jun 2016 | 100050801 | Hdfc Bank Limited | ₹3.5 Cr | Open | |
| 12 Jun 2000 | 90187856 | Canara Bank | ₹1.45 Cr | Satisfied |
To see the full charge records of Mahavir Minerals Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Mahavir Minerals Limited has 11 court cases on record: 8 filed by Mahavir Minerals, 3 filed against it. 1 case is pending and 10 are disposed.
Total cases
11
Filed by the company
8
Filed against the company
3
Pending
1
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 1 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Neutral Glass and Allied Industries Ltd. | Disposed |
| High Court | Writ petition | Filed by the company against State and Ors. | Pending |
| NCLT, NCLT Indore | Insolvency matter | Filed by the company against Vikas Lalwani the RP of Creative Quartz LLP | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
| High Court of Rajasthan | Court case (SAW) | Filed against the company | Disposed |
To see the full case history of Mahavir Minerals 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
Mahavir Minerals Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 24 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stay Sharp Diamond Tools Pvt Ltd | |||
| Minerals Deposits |
To see the full MSME payment records of Mahavir Minerals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahavir Minerals Limited has a workforce of 37 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
37
Active EPFO establishments
1
Employee growth
5.71%
GST
Mahavir Minerals has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACM3078K1Z9 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahavir Minerals Limited, buy the company report.
Recent activity
Mahavir Minerals Limited has 10 board changes on record since 1977: 6 appointments and 4 cessations. The latest: Harshvardhan Madhusudan Daga ceased to be Additional Director on 30 Sep 2016.
AGM
Mahavir Minerals Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mahavir Minerals Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 12.66 Cr registered on 07 Jul 2016 with Charge ID 100040794 was modified on 19 Oct 2022.
Charges
A charge with Others amounted to Rs. 0.42 Cr with Charge ID 100499419 was registered on 22 Oct 2021.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 0.21 Cr with Charge ID 100062518 was registered on 30 Sep 2016.
Ceased
Harshvardhan Madhusudan Daga ceased to be Additional Director.
Charges
A charge registered on 12 Jun 2000 via Charge ID 90187856 with Canara Bank was fully satisfied on 18 Jul 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.66 Cr with Charge ID 100040794 was registered on 07 Jul 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.50 Cr with Charge ID 100050801 was registered on 30 Jun 2016.
Charges
A charge registered on 19 Jun 1979 via Charge ID 90188996 with Rajasthan Financial Corporation was fully satisfied on 23 Jun 2016.
Charges
A charge registered on 12 Oct 1979 via Charge ID 90184508 with Bank Of Baroda was fully satisfied on 20 May 2016.
Charges
A charge registered on 10 Jun 2000 via Charge ID 90184135 with Canara Bank was fully satisfied on 19 May 2016.
48 earlier events are in the company report.
Frequently asked questions
Mahavir Minerals is an active public limited company based in Mumbai, Maharashtra, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 17 June 1977 (49+ years old) and is registered under CIN U24100MH1977PLC019705.
Mahavir Minerals has 6 current directors:
- Madhusudan Laxminarayan Daga - Managing Director
- Yashovardhan Madhusudan Daga - Director
- Vandana Madhusudan Daga - Director
- Harshvardhan Madhusudan Daga - Director
- Devang Dhairyakant Gandhi - Director
- Jayesh Ramniklal Kumbhani - Director
The latest financial statements of Mahavir Minerals 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 Mahavir Minerals is 08AAACM3078K1Z9, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mahavir Minerals is U24100MH1977PLC019705. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahavir Minerals has 11 court cases on record: 8 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Mahavir Minerals was incorporated on 17 June 1977, making it 49+ years old. It is registered with the Registrar of Companies, Mumbai.
Harshvardhan Madhusudan Daga ceased to be Additional Director on 30 Sep 2016. Harshvardhan Madhusudan Daga was appointed as Director on 18 Nov 2015. Jayesh Ramniklal Kumbhani ceased to be Additional Director on 30 Sep 2015. Mahavir Minerals has 10 board changes on record in total.
Yes, Mahavir Minerals is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-01-0007627).
Mahavir Minerals has 7 MSME Form 1 returns on record between 2019 and 2023, listing 24 overdue payments to 2 micro and small suppliers. The latest return was filed on 22 Jan 2024.
Mahavir Minerals can be reached through the website mahavirminerals.com. Its registered office is in Mumbai, Maharashtra, India.