MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-TS-02-0036555
Mahi Granites Private Limited - manufacturing in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹377.87 Cr
▲ 1% YoY
Net profit · FY 2024
₹13.65 Cr
Net margin 3.6%
EBITDA · FY 2024
₹36.95 Cr
EBITDA margin 9.8%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹7.23 Cr
Issued & subscribed
Open charges
₹187.47 Cr
Satisfied ₹160.74 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
250
Provident fund records
About Mahi Granites Private Limited
Data last updated:
Mahi Granites Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 08 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U14102TG2004PTC043609. Its GSTIN is 36AADCM9422A1ZS (Telangana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.23 Cr. It is led by directors Govindaraju Krishna Rao (Managing Director) and Govindaraju Manoj Kasyap.
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 D.No.1 – 89/A Plot No.15 Third & Forth Floors Shilpi Enclave Madhapur, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2024, the company reported a revenue of ₹377.87 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹13.65 Cr (net margin 3.6%) and EBITDA of ₹36.95 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 12% over five years.
The company has about 250 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahi Granites. As per MCA filings, the company has open charges of ₹187.47 Cr and satisfied charges of ₹160.74 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it. The company has 14 deals on record (9 funding rounds, 5 secondary share transfers), with disclosed funding of ₹36.3 Cr; the latest was in March 2022.
Mahi Granites Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0036555). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website krystallos.in.
Company details
CIN U14102TG2004PTC043609
Registration Number 043609
Incorporation Date 08 July 2004
ROC Hyderabad
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 Medium
Udyam Registration UDYAM-TS-02-0036555
CIN history
Mahi Granites has one previous CIN (Corporate Identification Number): U14102AP2004PTC043609. The current CIN is U14102TG2004PTC043609, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U14102TG2004PTC043609 | Current |
| U14102AP2004PTC043609 | Previous |
Recognitions & Rankings of Mahi Granites
Contact details
Mahi Granites Private Limited's registered office is in Hyderabad, Telangana. Its website is krystallos.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD.No.1 – 89/A Plot No.15 Third & Forth Floors Shilpi Enclave Madhapur, Hyderabad, Telangana, India – 500081
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Mahi Granites Private Limited, buy the company report.
Comprehensive company report
Mahi Granites 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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Brands
Mahi Granites operates one associated brand: Mahi Granites. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides extraction, processing, and distribution of granite, quartz, and cabinets for projects. | mahigranites.com |
Business activity
The main business activity of Mahi Granites is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Mahi Granites Private Limited, buy the company report.
Financials of Mahi Granites Private Limited
FY 2024 filings availableMahi Granites Private Limited reported revenue of ₹377.87 Cr (up 1% YoY) for FY 2024.
Revenue · FY 2024
₹377.87 Cr ▲ 1%
Net profit · FY 2024
₹13.65 Cr margin 3.6%
EBITDA · FY 2024
₹36.95 Cr margin 9.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 10%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 7%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 1% growth in the latest year. EBITDA rose 20% 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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| EBITDA | ₹36.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.65 Cr | ||||
| 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 | 9.8% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mahi Granites Private Limited, buy the company report.
Board of directors of Mahi Granites Private Limited
Mahi Granites has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Govindaraju Krishna Rao | Managing Director | 08 Jul 2004 | 22 Years 3 Months | Current |
| Govindaraju Manoj Kasyap | Director | 07 Jan 2013 | 13 Years 9 Months | Current |
Auditor
Mahi Granites Private Limited is audited by Vemulapalli and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vemulapalli and Co | FY 2023 | 015921S |
Shareholding
The shareholding of Mahi Granites 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 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 Mahi Granites Private Limited, buy the company report.
Charges & borrowings
Open charges
₹187.47 Cr
Satisfied charges
₹160.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 2025 | 101100154 | Others | ₹2.25 Cr | Open | |
| 21 Aug 2024 | 100997268 | Axis Bank Limited | ₹90 Lakh | Open | |
| 06 Mar 2024 | 100883252 | Others | ₹7.3 Cr | Open | |
| 13 Mar 2023 | 100692418 | Tata Capital Financial Services Limited | ₹1 Cr | Open | |
| 03 Jan 2023 | 100661269 | Others | ₹32.7 Cr | Open |
To see the full charge records of Mahi Granites Private Limited, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Mahi Granites Private Limited has 14 deals on record (9 funding rounds, 5 secondary share transfers), with disclosed funding of ₹36.3 Cr; the latest was in March 2022.
Total deals
14
Funding rounds
9
Secondary share transfers
5
Disclosed funding
₹36.3 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Lotus International Company |
| Mar 2018 | Funding round | ₹2.5 Cr | Investors: 2 individuals |
| Mar 2016 | Funding round | ₹15.53 Cr | Investors: 3 individuals |
| Aug 2014 | Funding round | ₹7.33 Cr | Investors: Lotus International Company, 2 individuals |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Mahi Granites Private 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
Mahi Granites Private Limited has 5 court cases on record: 3 filed by Mahi Granites, 2 filed against it. All cases are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Orange Cargo Solutions Pvt. Ltd., | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against The State of Telangana, and 2 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Andhra Pradesh Electricity Regulatory Commission and 4 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Union of India, Rep. by the Secretary, Ministry of Energy, and 2 others | Disposed |
| District court, Rangareddy, Telangana | Petition | Filed against the company by an individual | Disposed |
To see the full case history of Mahi Granites 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.
Credit ratings & regulatory alerts
Mahi Granites Private Limited was last rated by Care on 13 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 13 Mar 2023 |
To see the full credit ratings and regulatory alerts of Mahi Granites Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahi Granites Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mahi Granites Private Limited has a workforce of 250 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
250
Active EPFO establishments
1
Employee growth
-5.3%
GST
Mahi Granites has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCM9422A1ZS | Telangana | Active | 01 Jul 2017 |
| 37AADCM9422A1ZQ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahi Granites Private Limited, buy the company report.
Recent activity
Mahi Granites Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Govindaraju Vasantha ceased to be Director on 23 Feb 2013.
Charges
A charge with Others of Rs. 65.28 Cr registered on 07 Dec 2022 with Charge ID 100647507 was modified on 13 Dec 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 64.75 Cr registered on 18 Apr 2022 with Charge ID 100572426 was modified on 28 May 2025.
Charges
A charge with Others amounted to Rs. 2.25 Cr with Charge ID 101100154 was registered on 04 Apr 2025.
Charges
A charge with Others of Rs. 32.70 Cr registered on 03 Jan 2023 with Charge ID 100661269 was modified on 22 Jan 2025.
AGM
Mahi Granites Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.90 Cr with Charge ID 100997268 was registered on 21 Aug 2024.
Charges
A charge registered on 25 Oct 2012 via Charge ID 10392439 with Bajaj Finance Limited was fully satisfied on 09 Jul 2024.
Charges
A charge registered on 25 Aug 2012 via Charge ID 10379958 with Bajaj Finance Limited was fully satisfied on 09 Jul 2024.
Charges
A charge registered on 20 Aug 2012 via Charge ID 10379959 with Bajaj Finance Limited was fully satisfied on 09 Jul 2024.
Charges
A charge registered on 28 Sep 2010 via Charge ID 10249632 with Bajaj Finance Limited was fully satisfied on 09 Jul 2024.
Filing
Mahi Granites Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Others amounted to Rs. 7.30 Cr with Charge ID 100883252 was registered on 06 Mar 2024.
59 earlier events are in the company report.
Frequently asked questions
Mahi Granites is an active private limited company based in Hyderabad, Telangana, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 08 July 2004 (22+ years old) and is registered under CIN U14102TG2004PTC043609.
Mahi Granites has 2 current directors:
- Govindaraju Krishna Rao - Managing Director
- Govindaraju Manoj Kasyap - Director
The latest financial statements of Mahi Granites 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 Mahi Granites is 36AADCM9422A1ZS, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AADCM9422A1ZQ (Andhra Pradesh).
The CIN (Corporate Identification Number) of Mahi Granites is U14102TG2004PTC043609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahi Granites has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
Mahi Granites was incorporated on 08 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Hyderabad.
Mahi Granites has 14 deals on record (9 funding rounds, 5 secondary share transfers), with disclosed funding of ₹36.3 Cr; the latest was in March 2022.
Govindaraju Vasantha ceased to be Director on 23 Feb 2013. Govindaraju Manoj Kasyap was appointed as Director on 07 Jan 2013. Govindaraju Krishna Rao was appointed as Managing Director on 08 Jul 2004.
Yes, Mahi Granites is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0036555).