MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0001471
Tsubaki Conveyor Systems India Private Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹141.65 Cr
▲ 14% YoY
Net profit · FY 2025
₹9.21 Cr
Net margin 6.5%
EBITDA · FY 2025
₹12.36 Cr
EBITDA margin 8.7%
Authorised capital
₹32 Cr
Registered with MCA
Paid-up capital
₹31.38 Cr
Issued & subscribed
Open charges
₹36.34 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
143
Provident fund records
About Tsubaki Conveyor Systems India Private Limited
Data last updated:
Tsubaki Conveyor Systems India Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Tsubakimoto Chain Co. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 04 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29268PN2010PTC211779. Its GSTIN is 27AAGCM3315B1ZY (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹31.38 Cr. It was formerly known as Mahindra Conveyor Systems Private Limited and Mahindra Tsubaki Conveyor Systems Private Limited. It is led by directors including Ravindra Shriram Vaidya (Managing Director) and Hideaki Ikeda.
Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Gat No. 316 – 319 Ambadvet Pune – Paud Road Near Pirangut, Maharashtra, India – 412108.
As per the financials filed for FY 2025, the company reported a revenue of ₹141.65 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹9.21 Cr (net margin 6.5%) and EBITDA of ₹12.36 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 15% over five years.
The company has about 143 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Tsubaki Conveyor Systems India and Mahindra. As per MCA filings, the company has open charges of ₹36.34 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹17.61 Cr; the latest was in February 2022. Its 6 peer companies in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Rollwell Conveyor Private Limited with revenue of ₹159.01 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 946 overdue payments to 109 micro and small suppliers.
Tsubaki Conveyor Systems India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0001471). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tsubaki-conveyor.in.
Company details
CIN U29268PN2010PTC211779
Registration Number 211779
Incorporation Date 04 January 2010
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Tsubakimoto Chain Co
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0001471
Name history
Tsubaki Conveyor Systems India has undergone 2 name changes throughout its history. The company was previously known as Mahindra Conveyor Systems Private Limited, and Mahindra Tsubaki Conveyor Systems Private Limited. The current legal name is Tsubaki Conveyor Systems India Private Limited.
| Company Name | Status |
|---|---|
| Tsubaki Conveyor Systems India Private Limited | Current |
| Mahindra Conveyor Systems Private Limited | Previous |
| Mahindra Tsubaki Conveyor Systems Private Limited | Previous |
CIN history
Tsubaki Conveyor Systems India has one previous CIN (Corporate Identification Number): U29268MH2010PTC198438. The current CIN is U29268PN2010PTC211779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29268PN2010PTC211779 | Current |
| U29268MH2010PTC198438 | Previous |
Key People
Ravindra Shriram Vaidya Managing Director Hideaki Ikeda Director Masafumi Okamoto Director Recognitions & Rankings of Tsubaki Conveyor Systems India
Contact details
Tsubaki Conveyor Systems India Private Limited's registered office is in Pune, Maharashtra. Its website is tsubaki-conveyor.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No. 316 – 319 Ambadvet Pune – Paud Road Near Pirangut, Maharashtra, India – 412108
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Comprehensive company report
Tsubaki Conveyor Systems India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Tsubaki Conveyor Systems India operates two associated brands: Tsubaki Conveyor Systems India and Mahindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com | |
| Supply of conveyor systems and material handling equipment for industrial applications. | tsubaki-conveyor.in |
Business activity
The main business activity of Tsubaki Conveyor Systems India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Financials of Tsubaki Conveyor Systems India Private Limited
FY 2026 filings availableTsubaki Conveyor Systems India Private Limited reported revenue of ₹141.65 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹141.65 Cr ▲ 14%
Net profit · FY 2025
₹9.21 Cr margin 6.5%
EBITDA · FY 2025
₹12.36 Cr margin 8.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 17%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 19%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 14% growth in the latest year. EBITDA rose 2% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹141.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.21 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 6.5% | ||||
| 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 Tsubaki Conveyor Systems India Private Limited, buy the company report.
Board of directors of Tsubaki Conveyor Systems India Private Limited
Tsubaki Conveyor Systems India has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Shriram Vaidya | Managing Director | 31 Jul 2014 | 12 Years 2 Months | Current |
| Hideaki Ikeda | Director | 28 Jul 2021 | 5 Years 2 Months | Current |
| Masafumi Okamoto | Director | 28 Jul 2021 | 5 Years 2 Months | Current |
| Takehiko Makino Also directs: Tsubaki India Power Transmission Private Limited | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Masahide Yamamoto | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Tsubaki Conveyor Systems India Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rollwell Conveyor Private Limited | ₹159.01 Cr (FY 2024) | 21.0% | Hindupur, Andhra Pradesh, India | |||
| Dinamic Oil India Private Limited | ₹153.76 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Elektromag Devices Private Limited | ₹148.76 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Tsubaki Conveyor Systems India Private Limitedthis company | ₹141.65 Cr (FY 2025) | ₹9.21 Cr | 6.5% | 14.0% | 143 | Pune, Maharashtra, India |
| TRF Limited. | ₹138.79 Cr (FY 2025) | -14.0% | Jharkhand, India | |||
| Rice Lake Weighing Systems India Limited | ₹133.88 Cr (FY 2025) | -1.0% | Mathur Village, Tamil Nadu, India | |||
| Black Diamond Track Parts Pvt Ltd | ₹126.54 Cr (FY 2025) | -38.0% | Bilaspur, Chhattisgarh, India |
To see the full peer comparison of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Auditor
Tsubaki Conveyor Systems India Private Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2025 | 117365W |
Shareholding
The shareholding of Tsubaki Conveyor Systems India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹36.34 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2010 | 10261225 | State Bank of India | ₹36.34 Cr | Open |
To see the full charge records of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Tsubaki Conveyor Systems India Private Limited has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹17.61 Cr; the latest was in February 2022.
Total deals
6
Secondary share transfers
4
Acquisition
1
Funding round
1
Disclosed funding
₹17.61 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Tsubakimoto Bulk Systems Corporation Seller: Mahindra Engineering and Chemical Products Limited |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: Mahindra Engineering and Chemical Products Limited Seller: Mahindra Engineering and Chemical Products Limited & Zhooben Bhiwandiwala |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: Tsubakimoto Chain Co. Seller: Mahindra Engineering and Chemical Products Limited |
| Jun 2010 | Funding round | ₹17.61 Cr | Investors: Mahindra Engineering and Chemical Products Limited , Tsubakimoto Bulk Systems Corporation |
| Jun 2010 | Acquisition | ₹21.2 Cr | Buyer: Mahindra Engineering and Chemical Products Limited |
To see the full deal history of Tsubaki Conveyor Systems India 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
Tsubaki Conveyor Systems India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Mahalaxmi Electromech Pvt. Ltd. | Disposed |
To see the full case history of Tsubaki Conveyor Systems India 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
Tsubaki Conveyor Systems India Private Limited was last rated by Icra on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Tsubaki Conveyor Systems India Private Limited, buy the company report.
MSME payment delays
Tsubaki Conveyor Systems India Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 946 overdue payments to 109 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 109)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Emco Engineering | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| K.K.Industries |
To see the full MSME payment records of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tsubaki Conveyor Systems India Private Limited has a workforce of 143 employees on its EPFO records as of Jan 25, 2026, across 1 active EPFO establishment.
Employee count
143
Active EPFO establishments
1
Employee growth
2.14%
GST
Tsubaki Conveyor Systems India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM3315B1ZY | Maharashtra | Active | 01 Jul 2017 |
| 29AAGCM3315B1ZU | Karnataka | Active | 01 Dec 2025 |
To see the full GST registrations and return filing status of Tsubaki Conveyor Systems India Private Limited, buy the company report.
Recent activity
Tsubaki Conveyor Systems India Private Limited has 14 board changes on record since 2014: 5 appointments and 9 cessations. The latest: Masahide Yamamoto was appointed as Director on 01 Aug 2024.
AGM
Tsubaki Conveyor Systems India Private Limited last Annual general meeting of members was held on 25 Aug 2026 as per latest MCA records.
Filing
Tsubaki Conveyor Systems India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
Charges
A charge with State Bank Of India of Rs. 36.34 Cr registered on 20 Dec 2010 with Charge ID 10261225 was modified on 04 Feb 2025.
Appointed
Masahide Yamamoto was appointed as Director.
Appointed
Takehiko Makino was appointed as Director.
Ceased
Sachin Subhash Chaudhari ceased to be Company Secretary.
Ceased
Zhooben Dossabhoy Bhiwandiwala ceased to be Director.
Appointed
Hideaki Ikeda was appointed as Director.
Appointed
Masafumi Okamoto was appointed as Director.
Ceased
Takashi Kushida ceased to be Director.
Ceased
Yoshihito Horii ceased to be Director.
Ceased
Takatoshi Kimura ceased to be Additional Director.
7 earlier events are in the company report.
News
Frequently asked questions
Tsubaki Conveyor Systems India is an active private limited company based in Pune, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 04 January 2010 (16+ years old) and is registered under CIN U29268PN2010PTC211779.
Tsubaki Conveyor Systems India has 5 current directors:
- Ravindra Shriram Vaidya - Managing Director
- Hideaki Ikeda - Director
- Masafumi Okamoto - Director
- Takehiko Makino - Director
- Masahide Yamamoto - Director
The latest financial statements of Tsubaki Conveyor Systems India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Tsubaki Conveyor Systems India is 27AAGCM3315B1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAGCM3315B1ZU (Karnataka).
The CIN (Corporate Identification Number) of Tsubaki Conveyor Systems India is U29268PN2010PTC211779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tsubaki Conveyor Systems India has 1 court case on record: 1 filed against it.
Tsubaki Conveyor Systems India was incorporated on 04 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Tsubaki Conveyor Systems India has 6 deals on record (4 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹17.61 Cr; the latest was in February 2022.
The peers of Tsubaki Conveyor Systems India by revenue are Rollwell Conveyor Private Limited, Dinamic Oil India Private Limited, Elektromag Devices Private Limited, TRF Limited, Rice Lake Weighing Systems India Limited and 1 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Masahide Yamamoto was appointed as Director on 01 Aug 2024. Takehiko Makino was appointed as Director on 01 Aug 2024. Sachin Subhash Chaudhari ceased to be Company Secretary on 16 May 2023. Tsubaki Conveyor Systems India has 14 board changes on record in total.
Yes, Tsubaki Conveyor Systems India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0001471).
Tsubaki Conveyor Systems India has 15 MSME Form 1 returns on record between 2019 and 2024, listing 946 overdue payments to 109 micro and small suppliers. The latest return was filed on 15 Apr 2024.