Maheshwari Logistics Limited

NSE: MAHESHWARI
Maheshwari Logistics Limited - manufacturing in Vapi, Gujarat, India. FY 2026 financials & compliance.
CIN L60232GJ2006PLC049224 Incorporated 12 October 2006 ROC Ahmedabad HQ Vapi, Gujarat, India
Active Listed - NSE: MAHESHWARI Public Limited Company manufacturing
Market Cap
₹207 Cr
MAHESHWARI · NSE
Share Price
₹70.74
+1.20% today
Revenue
₹1,110 Cr
FY 2025-26 · +14.0% YoY
EBITDA
₹70.44 Cr
Margin 6.3%
Net Profit
₹15.48 Cr
FY 2025-26 · -14.6% YoY
P/E (TTM)
12.1x
P/B 0.9x
ROE
8.2%
ROCE 12.2%
Debt / Equity
1.31
Interest cover 66.2x

About Maheshwari Logistics Limited

Data last updated:

Maheshwari Logistics Limited is a public limited company based in Vapi, Gujarat, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 12 October 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L60232GJ2006PLC049224. Its GSTIN is 24AAECM8332N1Z6 (Gujarat). The company holds 9 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on NSE: MAHESHWARI.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.6 Cr. It was formerly known as Maheshwari Logistics Private Limited. It is led by directors including Neeraj Maheshwari (Managing Director) and Vinay Premnarayan Maheshwari (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mll House Shed No. A2 – 3/2 Opp. Upl 1st Phase GIDC, Vapi, Gujarat, India – 396195.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,110.01 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹15.48 Cr (net margin 1.4%) and EBITDA of ₹70.44 Cr (EBITDA margin 6.3%). The net worth stands at ₹215.89 Cr (up 8.5% YoY). Total assets are valued at ₹494.08 Cr (up 5% YoY).

The company has about 404 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Maheshwari Logistics. As per MCA filings, the company has open charges of ₹668.93 Cr and satisfied charges of ₹312.83 Cr on record. Court records list 28 cases involving the company, including 5 filed by the company and 23 filed against it; 5 cases are pending. The company has 44 deals on record (43 market trades, 1 ipo); the latest was in September 2025. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,363 overdue payments to 93 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mlpl.biz.

Company details

CIN L60232GJ2006PLC049224
Registration Number 049224
Incorporation Date 12 October 2006
ROC Ahmedabad
Listing Status Listed - Listed on NSE (MAHESHWARI)
Company Status Active
Compliance Status Active Compliant

CIN history

Maheshwari Logistics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L60232GJ2006PLC049224, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L60232GJ2006PLC049224Current
U60232GJ2006PTC049224Previous
U60232GJ2006PLC049224Previous
Key People
Neeraj Maheshwari Managing Director Vinay Premnarayan Maheshwari Whole-Time Director Amit Kailashnarayan Maheshwari Whole-Time Director

Contact details

Maheshwari Logistics Limited's registered office is in Vapi, Gujarat. Its website is mlpl.biz. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mlpl.biz
  • Social Media
  • Registered Address
    Mll House Shed No. A2 – 3/2 Opp. Upl 1st Phase GIDC, Vapi, Gujarat, India – 396195
  • Industry
    Manufacturing, Paper & Packaging Products

To see the full contact details of Maheshwari Logistics Limited, buy the company report.

Comprehensive company report
Maheshwari Logistics 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Maheshwari Logistics operates one associated brand: Maheshwari Logistics. Each brand links to its own profile.

BrandDescriptionWebsite
Maheshwari Logistics
Trucking, transportation, and logistics services are provided.mlpl.biz

Business activity

The main business activities of Maheshwari Logistics are wholesale and retail trade; repair of motor vehicles and motorcycles, transport and storage and manufacturing. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles, land transport via road and wood and wood products, furniture, paper and paper products. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GWholesale and retail trade; repair of motor vehicles and motorcycles45Wholesale and retail trade and repair of motor vehicles and motorcycles
HTransport and storageH1Land Transport via Road
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Maheshwari Logistics Limited, buy the company report.

Financials of Maheshwari Logistics Limited

FY 2025-26 filings available

Maheshwari Logistics Limited reported revenue of ₹1,110.01 Cr (up 14% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,110 Cr
+14.0% YoY
EBITDA
₹70.44 Cr
+1.7% YoY
Profit After Tax
₹15.48 Cr
-14.6% YoY
Net Worth
₹216 Cr
+8.5% YoY
Total Assets
₹494 Cr
+5.0% YoY
Total Debt
₹276 Cr
+2.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1109741,0481,1491,035676760
Revenue growth+14.0%-7.1%-8.8%+11.0%+53.1%-11.0%-
EBITDA70.4469.2754.2250.1151.9343.6351.38
EBITDA margin+6.4%+7.1%+5.2%+4.4%+5.0%+6.5%+6.8%
Profit before tax23.6124.9718.2018.2423.7812.8520.18
Net profit15.4818.1213.0613.3917.159.2014.67
Net profit margin+1.4%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.696.134.654.565.793.149.93
Balance sheet
Total assets494470430374331280277
Net worth216199180167155139129
Total debt276269248207177141147
Cash & bank7.6622.742.2016.4516.3027.2914.51
Net working capital299263233211188162144
Cash flow
Cash from operations23.6357.225.6938.2710.8047.3131.35
Cash from investing(10.31)(26.06)(42.57)(30.66)(37.12)(6.06)(19.64)
Cash from financing(28.40)(10.62)22.63(7.46)15.32(28.47)(13.46)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue286249294273275268259235
Revenue growth (YoY)+3.9%-7.1%+13.5%+15.9%+20.3%+7.3%--
Other income1.860.991.380.702.471.152.70(0.13)
EBITDA16.6216.6218.1917.8516.6217.7818.7719.56
EBITDA margin+5.8%+6.7%+6.2%+6.5%+6.0%+6.6%+7.2%+8.3%
Depreciation4.674.354.474.644.503.844.184.39
Interest8.058.399.358.218.688.837.679.28
Profit before tax5.764.875.755.705.916.269.625.76
Tax1.501.570.492.191.921.921.413.15
Net profit4.263.305.263.513.994.348.212.61
EPS (₹)1.421.111.591.291.341.472.630.91
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,0669501,0281,1441,035670759
Revenue growth+12.3%-7.6%-10.2%+10.6%+54.3%-11.6%-
EBITDA65.0365.1349.1350.6251.6442.9751.20
EBITDA margin+6.1%+6.9%+4.8%+4.4%+5.0%+6.4%+6.8%
Profit before tax22.3023.7017.1818.1323.6812.6420.11
Net profit14.9917.5412.0913.5717.149.1814.65
Net profit margin+1.4%+1.9%+1.2%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.525.934.404.625.793.149.93
Balance sheet
Total assets476450419373331280277
Net worth215198180167155139129
Total debt261252239207177141147
Cash & bank7.1722.491.2916.2116.1526.8912.91
Net working capital298261236209186159142
Cash flow
Cash from operations15.8957.480.6538.438.7748.5929.82
Cash from investing(7.19)(17.54)(28.93)(30.42)(34.92)(6.15)(18.45)
Cash from financing(24.02)(18.74)13.36(7.91)15.40(28.46)(13.46)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue266235284262265256249230
Revenue growth (YoY)+0.2%-8.4%+13.8%+13.7%+18.0%+4.5%--
Other income2.051.122.220.692.691.292.740.03
Total expenses251219268244250239232212
EBITDA14.7315.7515.4217.3615.3016.9416.9017.71
EBITDA margin+5.5%+6.7%+5.4%+6.6%+5.8%+6.6%+6.8%+7.7%
Depreciation4.344.034.284.293.943.694.093.87
Interest7.178.039.077.918.198.248.247.78
Profit before tax5.274.814.295.855.866.307.316.09
Tax1.211.570.411.681.941.921.053.09

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue286249294273275268259235
Revenue growth (YoY)+3.9%-7.1%+13.5%+15.9%+20.3%+7.3%--
Other income1.860.991.380.702.471.152.70(0.13)
EBITDA16.6216.6218.1917.8516.6217.7818.7719.56
EBITDA margin+5.8%+6.7%+6.2%+6.5%+6.0%+6.6%+7.2%+8.3%
Depreciation4.674.354.474.644.503.844.184.39
Interest8.058.399.358.218.688.837.679.28
Profit before tax5.764.875.755.705.916.269.625.76
Tax1.501.570.492.191.921.921.413.15
Net profit4.263.305.263.513.994.348.212.61
EPS (₹)1.421.111.591.291.341.472.630.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1109741,0481,1491,035676760
Revenue growth+14.0%-7.1%-8.8%+11.0%+53.1%-11.0%-
Other income5.704.333.972.492.701.792.20
Total expenses1,0409049941,099983633709
Employee cost21.3019.6218.6314.5413.2512.1416.69
EBITDA70.4469.2754.2250.1151.9343.6351.38
EBITDA margin+6.4%+7.1%+5.2%+4.4%+5.0%+6.5%+6.8%
Depreciation17.4516.0311.9711.8512.2112.8511.88
Interest35.0832.6028.0222.5118.6419.7221.52
Profit before tax23.6124.9718.2018.2423.7812.8520.18
Tax6.526.554.474.756.613.555.47
Net profit15.4818.1213.0613.3917.159.2014.67
Net profit margin+1.4%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.696.134.654.565.793.149.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital29.6029.6029.6029.6029.6029.6014.80
Reserves & surplus186169151137125109115
Shareholders' funds (net worth)216199180167155139129
Minority interest2.402.140.980.43(0.06)0.020.01
Secured loans73.9280.8569.42154148114118
Unsecured loans20218917952.5328.4326.7329.63
Total debt276269248207177141147
Total liabilities494470430374331280277
Assets
Gross block295257228177170157157
Net block186162149107110109117
Capital work in progress0.2529.6628.0236.5914.554.781.36
Investments1.501.894.293.590.000.000.00
Inventories17515213511189.2379.9962.71
Sundry debtors187155146142134120116
Cash & bank balances7.6622.742.2016.4516.3027.2914.51
Loans & advances72.1867.0358.1438.5038.3015.7028.85
Total current assets442396341308278243223
Total current liabilities14313310897.1090.2081.0678.59
Net working capital299263233211188162144
Total assets494470430374331280277
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash22.742.2016.4516.3027.2914.5116.26
Net cash from operating activities23.6357.225.6938.2710.8047.3131.35
Net cash from investing activities(10.31)(26.06)(42.57)(30.66)(37.12)(6.06)(19.64)
Net cash from financing activities(28.40)(10.62)22.63(7.46)15.32(28.47)(13.46)
Net change in cash(15.08)20.54(14.25)0.15(10.99)12.78(1.75)
Closing cash7.6622.742.2016.4516.3027.2914.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.0%-7.1%-8.8%+11.0%+53.1%-11.0%-
EBITDA growth+1.7%+27.8%+8.2%-3.5%+19.0%-15.1%-
PBT growth-5.5%+37.2%-0.2%-23.3%+85.1%-36.3%-13.1%
Net income growth-14.6%+38.7%-2.5%-21.9%+86.4%-37.3%-
Revenue CAGR (3Y)-1.2%-2.0%+15.7%+14.8%-0.1%-8.1%-
EBITDA CAGR (3Y)+12.0%+10.1%+7.5%-0.8%+3.9%+7.4%-
Profitability & leverage
Net income margin+1.5%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
Return on capital employed+12.2%+12.8%+11.5%+11.6%+13.9%+11.7%+15.6%
Return on net worth+8.3%+9.7%+7.9%+8.4%+11.7%+6.9%+11.9%
Debt / equity1.311.371.311.191.081.081.17
Long-term debt / equity0.290.450.550.570.600.600.61
Interest cover66.2061.2366.3258.8346.9364.0754.48
Efficiency & per share
Fixed asset turnover4.024.015.176.636.344.315.86
Inventory turnover6.786.798.5311.4912.239.4813.73
Debtors turnover6.506.487.268.318.155.736.31
EPS (₹)5.696.134.654.565.793.149.93
Dividend per share (₹)0.000.000.000.000.000.500.00
Book value per share (₹)72.9467.2060.8756.2852.2346.8887.46
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue266235284262265256249230
Revenue growth (YoY)+0.2%-8.4%+13.8%+13.7%+18.0%+4.5%--
Other income2.051.122.220.692.691.292.740.03
Total expenses251219268244250239232212
EBITDA14.7315.7515.4217.3615.3016.9416.9017.71
EBITDA margin+5.5%+6.7%+5.4%+6.6%+5.8%+6.6%+6.8%+7.7%
Depreciation4.344.034.284.293.943.694.093.87
Interest7.178.039.077.918.198.248.247.78
Profit before tax5.274.814.295.855.866.307.316.09
Tax1.211.570.411.681.941.921.053.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,0669501,0281,1441,035670759
Revenue growth+12.3%-7.6%-10.2%+10.6%+54.3%-11.6%-
Other income6.894.965.791.862.892.242.31
Total expenses1,0018859791,094983627707
Employee cost17.8616.9316.3114.2713.0511.9316.61
EBITDA65.0365.1349.1350.6251.6442.9751.20
EBITDA margin+6.1%+6.9%+4.8%+4.4%+5.0%+6.4%+6.8%
Depreciation16.2015.2111.9411.8412.2112.8511.88
Interest33.4231.1825.8022.5118.6419.7221.52
Profit before tax22.3023.7017.1818.1323.6812.6420.11
Tax5.966.144.154.456.523.365.42
Net profit14.9917.5412.0913.5717.149.1814.65
Net profit margin+1.4%+1.9%+1.2%+1.2%+1.7%+1.4%+1.9%
EPS (₹)5.525.934.404.625.793.149.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital29.6029.6029.6029.6029.6029.6014.80
Reserves & surplus185169151137125109115
Shareholders' funds (net worth)215198180167155139129
Secured loans145175185154148114118
Unsecured loans11576.9754.2452.5328.4326.7329.63
Total debt261252239207177141147
Total liabilities476450419373331280277
Assets
Gross block271245226177169157157
Net block164150147107110109117
Capital work in progress0.2518.9517.3036.5614.554.781.36
Investments5.816.235.875.162.242.051.51
Inventories16814613310989.2379.9962.71
Sundry debtors183151143140134119119
Cash & bank balances7.1722.491.2916.2116.1526.8912.91
Loans & advances76.5969.4764.2737.6637.7315.0628.62
Total current assets434389341302277241223
Total current liabilities13612810593.3791.2981.2480.60
Net working capital298261236209186159142
Total assets476450419373331280277
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash22.491.2916.2116.1526.8912.9115.00
Net cash from operating activities15.8957.480.6538.438.7748.5929.82
Net cash from investing activities(7.19)(17.54)(28.93)(30.42)(34.92)(6.15)(18.45)
Net cash from financing activities(24.02)(18.74)13.36(7.91)15.40(28.46)(13.46)
Net change in cash(15.32)21.20(14.92)0.10(10.74)13.98(2.09)
Closing cash7.1722.491.2916.2116.1526.8912.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.3%-7.6%-10.2%+10.6%+54.3%-11.6%-
EBITDA growth-0.2%+32.6%-2.9%-2.0%+20.2%-16.1%-
PBT growth-5.9%+38.0%-5.2%-23.4%+87.3%-37.2%-13.3%
Net income growth-14.5%+45.1%-10.9%-20.8%+86.7%-37.3%-
Revenue CAGR (3Y)-2.3%-2.8%+15.3%+14.7%-0.1%-8.3%+0.9%
EBITDA CAGR (3Y)+8.7%+8.0%+4.6%-0.4%+3.7%+6.8%+22.4%
Profitability & leverage
Net income margin+1.5%+1.9%+1.3%+1.2%+1.7%+1.4%+1.9%
Return on capital employed+12.0%+12.6%+10.8%+11.5%+13.8%+11.6%+15.6%
Return on net worth+7.9%+9.3%+7.5%+8.5%+11.7%+6.9%+11.9%
Debt / equity1.241.301.291.191.081.081.17
Long-term debt / equity0.250.410.530.570.600.570.58
Interest cover68.4462.4669.3758.0547.2765.4754.73
Efficiency & per share
Fixed asset turnover4.144.035.106.626.364.275.85
Inventory turnover6.806.828.5211.5612.239.4013.71
Debtors turnover6.406.477.278.368.195.646.25
EPS (₹)5.525.934.404.625.793.149.93
Dividend per share (₹)0.000.000.000.000.000.500.00
Book value per share (₹)72.5867.0160.8756.3452.2346.8887.46

To see the full year-wise statements and ratios of Maheshwari Logistics Limited, buy the company report.

Board of directors of Maheshwari Logistics Limited

Maheshwari Logistics has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vinay Premnarayan Maheshwari
Also directs: Maheshwari Logistics (India) LLP, Samarth Finstock Limited, Enviam Foundation
Whole-Time Director31 Jul 20242 Years 3 MonthsCurrent
Amit Kailashnarayan Maheshwari
Also directs: Samarth Finstock Limited
Whole-Time Director31 Jul 20242 Years 3 MonthsCurrent
Ramnaresh Ramkalyan KabraDirector05 Apr 20197 Years 7 MonthsCurrent
Mukesh Agrawal
Also directs: Qubix Medicare Private Limited
Director30 May 20188 Years 5 MonthsCurrent
Punam Pushpkumar DhootDirector23 Jun 20215 Years 4 MonthsCurrent
Neeraj Maheshwari
Also directs: Maheshwari Logistics (India) LLP, Vidhik Prints Private Limited, Maheshwari Motor Service Private Limited and 2 more
Managing Director31 Jul 20242 Years 3 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Maheshwari Logistics Limited is audited by KAKARIA AND ASSOCIATES LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
KAKARIA AND ASSOCIATES LLPFY 2025104558W/W100601

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 57.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 42.70%.

Promoters: 57.30%Retail & Others: 42.70%
Sep 2026
QUARTER
57.30% Promoters
42.70% Retail & Others
Promoter holding - history
Now 57.30% · Sep 2026High 57.30% · Sep 2026Low 56.60% · Dec 2025
55%56%57%58%59%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 56.60%Mar 2026: 56.60%Jun 2026: 57.20%Sep 2026: 57.30%56.60%57.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters57.30%57.20%56.60%56.60%
Public42.70%42.80%43.40%43.40%

Charges & borrowings

Open charges
₹668.93 Cr
Satisfied charges
₹312.83 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹362.60 Cr
Others₹193.98 Cr
Axis Bank Limited₹75.01 Cr
Hdfc Bank Limited₹21.10 Cr
State Bank of India₹16.03 Cr
Others₹0.21 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Aug 2026101372834Bank of India₹20.7 LakhOpen
06 Aug 2026101363397Hdfc Bank Limited₹9.97 LakhOpen
03 Aug 2026101393811Others₹4.93 CrOpen
27 Jun 2026101360656Others₹28.55 LakhOpen
28 Apr 2026101280309Hdfc Bank Limited₹14.12 LakhOpen

To see the full charge records of Maheshwari Logistics Limited, buy the company report.

Total charge records: 101 View all charges

Deals & funding

Maheshwari Logistics Limited has 44 deals on record (43 market trades, 1 ipo); the latest was in September 2025.

Total deals
44
Market trades
43
IPO
1

Deals on record (5 of 44)

WhenDealAmountParties
Sep 2025Market trade₹99.7 LakhBuyer: Mll Employee Welfare Trust
Seller: Maya Texturisers Private Limited
Oct 2024Market trade₹1.01 CrBuyer: Vapi Commercial Enterprises Private Limited
Jun 2024Market trade₹90.4 LakhBuyer: an individual
Seller: Jainam Broking Limited
Nov 2023Market trade₹7.92 CrBuyer: Jainam Broking Limited , an individual
Seller: an individual
Oct 2023Market trade₹1.35 CrBuyer: Vax Enterprise Private Limited
Seller: Vax Enterprise Private Limited

To see the full deal history of Maheshwari Logistics Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Maheshwari Logistics Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,363 overdue payments to 93 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 93)

SupplierAmount dueDue sinceReported on
an individual supplier
Elixa Technologies Private Limited
Shine Industries
Keshari Enterprise
Anmol Polymers Private Limited

To see the full MSME payment records of Maheshwari Logistics Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Maheshwari Logistics has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Vidhik Prints Private LimitedU21099GJ2022PTC135408
Maheshwari Motor Service Private LimitedU50400GJ2023PTC138525

To see the full group structure of Maheshwari Logistics Limited, buy the company report.

Employees & EPFO

Maheshwari Logistics Limited has a workforce of 404 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
404
Active EPFO establishments
1
Employee growth
7.4%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27404
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 Maheshwari Logistics Limited, buy the company report.

GST

Maheshwari Logistics has 9 GST registrations: 5 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
9
Active
5
Cancelled / inactive
4
GSTINStateStatusRegistered on
24AAECM8332N1Z6GujaratActive01 Jul 2017
24AAECM8332N4Z3GujaratActive26 Jul 2017
24AAECM8332N5Z2GujaratActive24 Dec 2018
24AAECM8332N6Z1GujaratActive01 Feb 2020

To see the full GST registrations and return filing status of Maheshwari Logistics Limited, buy the company report.

Recent activity

Maheshwari Logistics Limited has 36 board changes on record since 2008: 23 appointments and 13 cessations. The latest: Palash Maheshwari was appointed as Director on 15 Feb 2026.

Charges
A charge registered on 13 Nov 2023 via Charge ID 100812933 with Hdfc Bank Limited was fully satisfied on 29 Aug 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 181.30 Cr registered on 22 Oct 2011 with Charge ID 10321412 was modified on 19 Aug 2026.
Charges
A charge registered on 22 May 2019 via Charge ID 100268607 with Others was fully satisfied on 18 Aug 2026.
Charges
A charge with Bank Of India amounted to Rs. 0.21 Cr with Charge ID 101372834 was registered on 13 Aug 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101363397 was registered on 06 Aug 2026.
Charges
A charge with Others amounted to Rs. 4.93 Cr with Charge ID 101393811 was registered on 03 Aug 2026.
Charges
A charge with Axis Bank Limited of Rs. 8.99 Cr registered on 13 Oct 2023 with Charge ID 100817554 was modified on 17 Jul 2026.
Charges
A charge registered on 16 Oct 2018 via Charge ID 100212832 with Hdfc Bank Limited was fully satisfied on 14 Jul 2026.
Charges
A charge with Others amounted to Rs. 0.29 Cr with Charge ID 101360656 was registered on 27 Jun 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 181.30 Cr registered on 24 Mar 2011 with Charge ID 10283877 was modified on 18 Jun 2026.
Charges
A charge registered on 11 Apr 2022 via Charge ID 100564579 with Hdfc Bank Limited was fully satisfied on 27 May 2026.
Charges
A charge registered on 16 Dec 2021 via Charge ID 100522142 with Hdfc Bank Limited was fully satisfied on 27 May 2026.

186 earlier events are in the company report.

News

Frequently asked questions

Maheshwari Logistics is an active public limited company based in Vapi, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 12 October 2006 (20+ years old) and is registered under CIN L60232GJ2006PLC049224. Listed on NSE: MAHESHWARI.

Maheshwari Logistics reported revenue of ₹1,110.01 Cr for FY 2025-26 (up 14% YoY) based on consolidated financials.

Maheshwari Logistics has 8 current directors:

The latest financial statements of Maheshwari Logistics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Maheshwari Logistics is 24AAECM8332N1Z6, registered in Gujarat. The company has 9 GST registrations in all, of which 5 are active and 4 are cancelled or inactive. Other active GSTINs include 24AAECM8332N4Z3 (Gujarat), 24AAECM8332N5Z2 (Gujarat), 24AAECM8332N6Z1 (Gujarat).

The CIN (Corporate Identification Number) of Maheshwari Logistics is L60232GJ2006PLC049224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Maheshwari Logistics is a listed company as per MCA records. Its shares are listed on NSE (symbol: MAHESHWARI).

Maheshwari Logistics has 28 court cases on record: 5 filed by the company and 23 filed against it. 5 are pending. Most are in the district courts.

Maheshwari Logistics was incorporated on 12 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Maheshwari Logistics has 44 deals on record (43 market trades, 1 ipo); the latest was in September 2025.

Palash Maheshwari was appointed as Director on 15 Feb 2026. Charmi Soni ceased to be Company Secretary on 13 Feb 2025. Amit Kailashnarayan Maheshwari was appointed as Whole-Time Director on 31 Jul 2024. Maheshwari Logistics has 36 board changes on record in total.