About Mahindra Heavy Engines Limited
Data last updated:
Mahindra Heavy Engines Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Mahindra And Mahindra Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 09 April 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U35914MH2007PLC169753. Its GSTIN is 27AAFCM0476N1Z2 (Maharashtra).
The company had an authorised share capital of ₹800 Cr and a paid-up capital of ₹634.4 Cr. It was formerly known as Mim Engines India Private Limited. It was led by directors including Vinay Digamber Khanolkar and Shrikant Raghunath Marathe.
Its last annual general meeting (AGM) was held on 09 May 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,793.3 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹81.8 Cr (net margin 4.6%) and EBITDA of ₹143.97 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
The company had about 264 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Mahindra. As per MCA filings, the company had satisfied charges of ₹325.74 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in December 2012. The company has 5 MSME Form 1 returns on record between 2019 and 2024, listing 47 overdue payments to 13 micro and small suppliers.
The last known website on record is mahindra.com.
Company details
Name history
Mahindra Heavy Engines has undergone 4 name changes throughout its history. The current legal name is Mahindra Heavy Engines Limited.
| Company Name | Status |
|---|---|
| Mahindra Heavy Engines Limited | Current |
| Mim Engines India Private Limited | Previous |
| Mahindra Heavy Engines Private Limited | Previous |
| Mahindra Navistar Engines Private Limited | Previous |
CIN history
Mahindra Heavy Engines has one previous CIN (Corporate Identification Number): U35914MH2007PTC169753. The current CIN is U35914MH2007PLC169753, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35914MH2007PLC169753 | Current |
| U35914MH2007PTC169753 | Previous |
Contact details
Mahindra Heavy Engines Limited's registered office is in Mumbai, Maharashtra. Its website is mahindra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers Dr. G.M Bhosale Marg P.K. Kurne Worli, India, Mumbai, Maharashtra, India – 400001
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Mahindra Heavy Engines 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
Brands
Mahindra Heavy Engines operates one associated brand: Mahindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com |
Business activity
The main business activity of Mahindra Heavy Engines 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 Mahindra Heavy Engines Limited, buy the company report.
Financials of Mahindra Heavy Engines Limited
FY 2024 filings availableMahindra Heavy Engines Limited reported revenue of ₹1,793.3 Cr (up 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,793.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹143.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.8 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | ||||
| Net Profit Margin | 4.6% | ||||
| 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 Mahindra Heavy Engines Limited, buy the company report.
Board of directors and KMP of Mahindra Heavy Engines Limited
Mahindra Heavy Engines Limited currently reports 4 directors and 1 key managerial person. 41 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Nilkanth Bade Also directs: Aditya Birla Renewables Energy Limited | Company Secretary | 31 Mar 2014 | 12 Years 7 Months | As last reported |
| Vinay Digamber Khanolkar | Director | 12 Jun 2023 | 3 Years 4 Months | As last reported |
| Shrikant Raghunath Marathe | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Smita Piyush Mankad Also directs: SML Mahindra Limited, Swaraj Engines Ltd, Bajaj Holdings & Investment Limited. and 5 more | Director | 20 Apr 2020 | 6 Years 6 Months | As last reported |
| Nozar Cavas Bharucha | Director | 12 Jun 2023 | 3 Years 4 Months | As last reported |
Auditor
Mahindra Heavy Engines Limited is audited by B. K. Khare & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2024 | 105102W |
Shareholding
The shareholding of Mahindra Heavy Engines 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 Mahindra Heavy Engines Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2022 | 100616301 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 29 Mar 2017 | 100091164 | Others | ₹115 Cr | Satisfied | |
| 11 Aug 2015 | 10585269 | Kotak Mahindra Bank Limited | ₹200 Cr | Satisfied | |
| 23 Jun 2010 | 10225099 | Others | ₹73.54 Lakh | Satisfied |
To see the full charge records of Mahindra Heavy Engines Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Mahindra Heavy Engines Limited has 1 deal on record (1 acquisition); the latest was in December 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2012 | Acquisition | Undisclosed | Buyer: Mahindra and Mahindra Limited Seller: Navistar International Corp. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra Heavy Engines Limited has 6 court cases on record: 2 filed by Mahindra Heavy Engines, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP.) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IT) | Filed against the company by an individual | Disposed |
To see the full case history of Mahindra Heavy Engines 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
Mahindra Heavy Engines Limited was last rated by Icra on 16 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Aug 2021 |
To see the full credit ratings and regulatory alerts of Mahindra Heavy Engines Limited, buy the company report.
MSME payment delays
Mahindra Heavy Engines Limited has 5 MSME Form 1 returns on record between 2019 and 2024, listing 47 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Halten Tools India Private Limited | |||
| Solar Diamond Tools (India) Private Limited | |||
| Sun Enterprises | |||
| Mel Services | |||
| Victor Enterprises |
To see the full MSME payment records of Mahindra Heavy Engines Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahindra Heavy Engines Limited has a workforce of 264 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Mahindra Heavy Engines has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM0476N1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahindra Heavy Engines Limited, buy the company report.
Recent activity
Mahindra Heavy Engines Limited has 42 board changes on record since 2008: 5 appointments and 37 cessations. The latest: Nozar Cavas Bharucha ceased to be Additional Director on 24 Jul 2023.
42 earlier events are in the company report.
News
Frequently asked questions
Mahindra Heavy Engines has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mahindra Heavy Engines was a public limited company based in Mumbai, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 09 April 2007 and is registered under CIN U35914MH2007PLC169753. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mahindra Heavy Engines was incorporated on 09 April 2007. It is registered with the Registrar of Companies, Mumbai.
Mahindra Heavy Engines had 5 directors and KMP:
- Vinay Digamber Khanolkar - Director
- Shrikant Raghunath Marathe - Director
- Smita Piyush Mankad - Director
- Nozar Cavas Bharucha - Director
- Kiran Nilkanth Bade - Company Secretary
The CIN (Corporate Identification Number) of Mahindra Heavy Engines is U35914MH2007PLC169753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Mahindra Heavy Engines is at Mahindra Towers Dr. G.M Bhosale Marg P.K. Kurne Worli, India, Mumbai, Maharashtra, India – 400001.
Mahindra Heavy Engines can be reached through the website mahindra.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Mahindra Heavy Engines on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 May 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahindra Heavy Engines is 27AAFCM0476N1Z2, registered in Maharashtra.
Mahindra Heavy Engines operated in the automotive industry, in the auto parts and components segment.
Mahindra Heavy Engines has 1 deal on record (1 acquisition); the latest was in December 2012.
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