Mahip Industries Limited

Mahip Industries Limited - packaging in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L15549GJ1995PLC028116 Incorporated 14 November 1995 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed Public Limited Company packaging
Data last updated
Revenue · FY 2026
₹9.1 Cr
▲ 46.19% YoY
Computed EBITDA · FY 2019
₹13.38 Cr
Exchange filings
Net profit · FY 2026
₹2.8 Cr
▲ 3364.89% YoY
Authorised capital
₹21 Cr
Registered with MCA
Paid-up capital
₹19.24 Cr
Issued & subscribed
Open charges
₹4 Cr
Satisfied ₹92.56 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
14
Latest available

About Mahip Industries Limited

Data last updated: 17 December 2025

Mahip Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in paper, a part of the broader packaging sector. Incorporated on 14 November 1995, the company has been in operation for over 31 years.

Registered with ROC Ahmedabad under CIN L15549GJ1995PLC028116. Listed.

Capital: an authorised share capital of ₹21 Cr and a paid-up capital of ₹19.24 Cr. Formerly known as Care Corupack Limited. It is led by directors including Rajiv Govindram Agrawal and Praveen Singh.

Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: Survey No. 127 Jalalpur – Godhneshwar Dholka – Bagodara Highway, Ahmedabad, Gujarat, India – 387810.

As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹9.1 Cr, a growth of 46.19% compared to the previous year. Total assets are valued at ₹10.47 Cr (up 15.19% YoY).

The company has a workforce of approximately 14 employees as per the latest available data.

The company is associated with 1 brand - Mahip Industries. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹92.56 Cr on record.

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

Company Details of Mahip Industries Limited
CIN L15549GJ1995PLC028116
Registration Number 028116
Incorporation Date 14 November 1995
ROC Ahmedabad
Listing Status Listed
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Rajiv Govindram Agrawal Whole-Time Director Praveen Singh Director Ronakbhai Amratbhai Patel Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    mahipindustriesltd.in
  • Social Media
    Locked
  • Registered Address
    Survey No. 127 Jalalpur – Godhneshwar Dholka – Bagodara Highway, Ahmedabad, Gujarat, India – 387810
  • Industry
    Packaging, Paper, Laminated & Corrugated Packaging
Company report
Mahip Industries Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Mahip Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Mahip Industries Limited

Mahip Industries Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15549GJ1995PLC028116, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L15549GJ1995PLC028116 Current
U15549GJ1995PLC028116 Previous
U15549GJ1995PTC028116 Previous

Associated Brands with Mahip Industries Limited

Mahip Industries Limited operates one associated brand: Mahip Industries. These brands represent Mahip Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Mahip Industries
Corrugated boxes are manufactured by Mahip Industries in India. mahipindustriesltd.in

Business Activity of Mahip Industries Limited

Mahip Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including wood and wood products, furniture, paper and paper products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C3 Wood and wood products, furniture, paper and paper products Locked
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Business activity turnover details for Mahip Industries Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Mahip Industries Limited

Mahip Industries Limited is audited by B A BEDAWALA & CO (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
B A BEDAWALA & CO (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Statement on impact of audit qualification

Board of Directors of Mahip Industries Limited

Mahip Industries Limited is currently managed by 4 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rajiv Govindram Agrawal
Also directs: Mahip Industries Limited
Whole-Time Director 14 Nov 1995 30 Years 7 Months Current
Praveen Singh
Also directs: Mahip Industries Limited
Director 04 Jul 2022 4 Years 0 Months Current
Ronakbhai Amratbhai Patel
Also directs: Mahip Industries Limited
Director 30 Aug 2025 0 Years 10 Months Current
Kinjal Parmar
Also directs: Mahip Industries Limited, Goblin India Limited
Director 12 Nov 2024 1 Years 8 Months Current
View all directors

Financials of Mahip Industries Limited FY 2026 filings available

Mahip Industries Limited reported revenue of ₹9.1 Cr (up 46.19% YoY) for FY 2026.

Revenue · FY 2026
₹9.1 Cr ▲ 46.19%
Profit · FY 2026
₹2.8 Cr ▲ 3364.89%
Computed EBITDA · FY 2019
₹13.38 Cr
Revenue₹ Cr · Standalone-50050100150FY 2019: ₹136 Cr136FY 2019FY 2021: ₹7 Cr · -94.8% YoY7.1-94.8%FY 2021FY 2022: ₹3 Cr · -60.3% YoY2.8-60.3%FY 2022FY 2023: ₹2 Cr (loss) · -173.6% YoY-2.1FY 2023FY 2024: ₹4 Cr · +275.5% YoY3.6+275.5%FY 2024FY 2025: ₹6 Cr · +71.3% YoY6.2+71.3%FY 2025FY 2026: ₹9 Cr · +46.2% YoY9.1+46.2%FY 2026
Net Profit₹ Cr · Standalone-20-10010FY 2019: ₹5 Cr5FY 2019FY 2021: ₹18 Cr (loss) · -466.5% YoY-18.4FY 2021FY 2022: ₹19 Cr (loss) · -1.5% YoY-18.7FY 2022FY 2023: ₹3 Cr (loss) · +83.8% YoY-3FY 2023FY 2024: ₹2 Cr (loss) · +26.9% YoY-2.2FY 2024FY 2025: ₹0 Cr · +103.6% YoY0.1+103.6%FY 2025FY 2026: ₹3 Cr · +3364.9% YoY2.8+3364.9%FY 2026
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2019
Revenue from Operations ₹9.1 Cr ₹6.23 Cr ₹3.64 Cr -₹2.07 Cr ₹2.82 Cr ₹7.1 Cr ₹135.54 Cr
Other Income ₹63,000 ₹21.78 Lakh ₹2.68 Cr ₹71.79 Lakh ₹2.56 Cr ₹1.26 Cr ₹1.55 Cr
Total Income ₹9.11 Cr ₹6.45 Cr - - - - ₹137.08 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹3.9 Cr ₹12.9 Cr ₹125.45 Cr
Purchases of Stock-in-Trade ₹6.08 Cr ₹5.66 Cr ₹3.61 Cr ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹2.12 Cr -₹1.87 Cr ₹3.75 Cr ₹11.18 Cr -₹5.02 Cr
Employee Benefit Expense ₹48.25 Lakh ₹34.7 Lakh ₹14.31 Lakh ₹9.91 Lakh ₹12.53 Lakh ₹39.27 Lakh ₹1.3 Cr
Finance Costs ₹4.9 Lakh ₹12.81 Lakh ₹1.36 Cr ₹29.79 Lakh ₹24.3 Lakh ₹11.95 Lakh ₹4.79 Cr
Depreciation & Amortisation - - - - - - ₹1.66 Cr
Other Expenses ₹74.6 Lakh ₹1.17 Cr ₹1.05 Cr ₹2.96 Cr ₹15.81 Cr ₹58.9 Lakh ₹1.98 Cr
Total Expenses ₹7.63 Cr ₹7.59 Cr ₹8.53 Cr ₹1.68 Cr ₹24.08 Cr ₹26.8 Cr ₹130.14 Cr
Profit Before Exceptional Items & Tax - - - - - - ₹6.94 Cr
Exceptional Items - - - - - - -₹1.7 Lakh
Profit Before Tax ₹2.8 Cr ₹8.09 Lakh -₹2.22 Cr -₹3.04 Cr -₹18.7 Cr -₹18.43 Cr ₹6.92 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹1.89 Cr
Net Profit ₹2.8 Cr ₹8.09 Lakh -₹2.22 Cr -₹3.04 Cr -₹18.7 Cr -₹18.43 Cr ₹5.03 Cr
Other Comprehensive Income - - - - - - ₹0
Total Comprehensive Income - - - - - - ₹5.03 Cr
EBITDA (computed) - - - - - - ₹13.38 Cr
Basic EPS - - - - - - ₹4.84
Diluted EPS - - - - - - ₹4.84
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2019
Total Assets ₹10.47 Cr ₹9.09 Cr ₹19.37 Cr ₹33.27 Cr ₹33.7 Cr ₹60.86 Cr ₹91.99 Cr
Non-current Assets ₹2.74 Cr ₹2.89 Cr ₹5 Cr ₹29.01 Cr ₹28.53 Cr ₹29.1 Cr ₹20.98 Cr
Current Assets ₹7.73 Cr ₹6.2 Cr ₹14.38 Cr ₹4.26 Cr ₹5.17 Cr ₹31.76 Cr ₹71.01 Cr
Property, Plant & Equipment ₹1.4 Cr ₹1.53 Cr - - - - ₹18.8 Cr
Inventories ₹14.81 Lakh ₹48.99 Lakh ₹0 ₹2.12 Cr ₹25.02 Lakh ₹4.75 Cr ₹30.55 Cr
Trade Receivables - - - - - - ₹35.55 Cr
Cash & Equivalents ₹2.79 Lakh ₹6.16 Lakh ₹28.62 Lakh ₹18.17 Lakh ₹17.2 Lakh ₹4.31 Lakh ₹1.27 Cr
Equity (Net Worth) - - - - - - ₹44.61 Cr
Equity Share Capital - - - - - - ₹19.23 Cr
Borrowings (Non-current) - - - - - - ₹15.39 Cr
Borrowings (Current) - - - - - - ₹23.19 Cr
Total Debt (computed) - - - - - - ₹38.58 Cr
Current Liabilities ₹4.49 Cr ₹7.43 Cr ₹20.61 Cr ₹31.25 Cr ₹27.32 Cr ₹35.68 Cr ₹31.76 Cr
Total Liabilities - - - - - - ₹47.38 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
Operating Cash Flow -₹88.42 Lakh -₹19.71 Lakh -₹21.16 Cr ₹2.12 Cr ₹15.18 Lakh ₹10.83 Cr
Investing Cash Flow ₹87.74 Lakh ₹1.83 Cr ₹23.86 Cr -₹49.61 Lakh ₹32.09 Lakh -₹6.91 Cr
Financing Cash Flow -₹2.7 Lakh -₹1.86 Cr -₹2.6 Cr -₹1.62 Cr -₹34.39 Lakh -₹4.29 Cr
Capital Expenditure ₹15.74 Lakh ₹47.81 Lakh - - - -
Free Cash Flow (computed) -₹1.04 Cr -₹67.52 Lakh - - - -
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹3.38 Lakh -₹22.45 Lakh ₹10.43 Lakh ₹96,000 ₹12.88 Lakh -₹37.58 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations -₹2.07 Cr ₹2.82 Cr ₹7.1 Cr ₹20.81 Cr ₹135.54 Cr
Other Income ₹71.79 Lakh ₹2.57 Cr ₹1.26 Cr ₹2.97 Cr ₹1.55 Cr
Total Income - - - - ₹137.09 Cr
Cost of Materials Consumed ₹0 ₹3.9 Cr ₹12.9 Cr ₹21.22 Cr ₹125.45 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹1.87 Cr ₹3.75 Cr ₹11.18 Cr ₹3.99 Cr -₹5.02 Cr
Employee Benefit Expense ₹9.91 Lakh ₹12.53 Lakh ₹39.27 Lakh ₹88.9 Lakh ₹1.3 Cr
Finance Costs ₹29.79 Lakh ₹24.31 Lakh ₹11.95 Lakh ₹3.28 Cr ₹4.79 Cr
Depreciation & Amortisation - - - - ₹1.66 Cr
Other Expenses ₹2.96 Cr ₹15.82 Cr ₹58.9 Lakh ₹88.4 Lakh ₹1.98 Cr
Total Expenses ₹1.68 Cr ₹24.09 Cr ₹26.8 Cr ₹31.92 Cr ₹130.15 Cr
Profit Before Exceptional Items & Tax - - - - ₹6.94 Cr
Exceptional Items - - - - ₹1.7 Lakh
Profit Before Tax -₹3.04 Cr -₹18.7 Cr -₹18.43 Cr -₹8.14 Cr ₹6.96 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹1.89 Cr
Net Profit -₹3.04 Cr -₹18.7 Cr -₹18.43 Cr -₹8.14 Cr ₹5.07 Cr
  attributable to Owners - - - - ₹0
  attributable to NCI - - - - ₹0
Other Comprehensive Income - - - - ₹0
Total Comprehensive Income - - - - ₹5.07 Cr
EBITDA (computed) - - - - ₹13.39 Cr
Basic EPS - - - - ₹4.84
Diluted EPS - - - - ₹4.84
Metrics FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹33.27 Cr ₹33.7 Cr ₹60.88 Cr ₹97.34 Cr ₹92 Cr
Non-current Assets ₹29.01 Cr ₹28.53 Cr ₹29.12 Cr ₹23.81 Cr ₹20.99 Cr
Current Assets ₹4.26 Cr ₹5.17 Cr ₹31.76 Cr ₹73.53 Cr ₹71.01 Cr
Property, Plant & Equipment - - - - ₹18.8 Cr
Inventories ₹2.12 Cr ₹25.02 Lakh ₹4.75 Cr ₹20.15 Cr ₹30.55 Cr
Trade Receivables - - - - ₹35.55 Cr
Cash & Equivalents ₹18.17 Lakh ₹17.2 Lakh ₹4.31 Lakh ₹41.9 Lakh ₹1.27 Cr
Equity (Net Worth) - - - - ₹44.63 Cr
Equity Share Capital - - - - ₹19.24 Cr
Borrowings (Non-current) - - - - ₹15.39 Cr
Borrowings (Current) - - - - ₹23.19 Cr
Total Debt (computed) - - - - ₹38.58 Cr
Current Liabilities ₹31.25 Cr ₹27.32 Cr ₹35.68 Cr ₹49.45 Cr ₹31.76 Cr
Total Liabilities - - - - ₹47.37 Cr
Metrics FY 2023 FY 2022 FY 2021
Operating Cash Flow ₹2.12 Cr ₹15.18 Lakh ₹10.83 Cr
Investing Cash Flow -₹49.61 Lakh ₹32.09 Lakh -₹6.92 Cr
Financing Cash Flow -₹1.62 Cr -₹34.39 Lakh -₹4.29 Cr
Dividends Paid ₹0 ₹0 ₹0
Net Change in Cash ₹96,000 ₹12.88 Lakh -₹37.83 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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Shareholding Pattern of Mahip Industries Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 64.32%, retail and other public shareholders hold 35.68% of Mahip Industries Limited. The company had 215 shareholders on record.

Promoters: 64.32%Retail & Others: 35.68%
Mar 2026
QUARTER
64.32% Promoters
35.68% Retail & Others
Promoter holding - history
Now 64.32% · Mar 2026High 65.40% · Jun 2023Low 64.32% · Mar 2026
63%64%65%66%67%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 65.40%Sep 2023: 65.40%Dec 2023: 65.40%Mar 2024: 65.40%Jun 2024: 65.40%Sep 2024: 65.40%Dec 2024: 65.40%Mar 2025: 65.40%Jun 2025: 65.40%Sep 2025: 65.40%Dec 2025: 64.36%Mar 2026: 64.32%65.40%64.32%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters64.32%64.36%65.40%65.40%65.40%65.40%
Public35.68%35.64%34.60%34.60%34.60%34.60%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters64.32%65.40%65.40%
Public35.68%34.60%34.60%
Promoter change (YoY, %pts)-1.08+0.00-

Group Structure of Mahip Industries Limited

Mahip Industries Limited has 1 associated company. This group structure data is as of FY 2020. The corporate group structure reflects Mahip Industries Limited's business expansion strategy and organizational complexity.

1
Associated companies

Charges & Borrowings of Mahip Industries Limited

Open charges
₹4 Cr
Satisfied charges
₹92.56 Cr
Breakdown by lending institutions
Others₹61.37 Cr
Canara Bank₹31.19 Cr
Latest charge details
DateLenderAmountStatus
12 Dec 2017 Others ₹29.54 Cr Satisfied
12 Oct 2017 Others ₹27.83 Cr Satisfied
31 Aug 2017 Others ₹4 Cr Satisfied
01 Oct 2009 Canara Bank ₹5.5 Lakh Satisfied
28 Aug 2006 Canara Bank ₹30.82 Cr Satisfied

Total charge records: 7 View all charges

Employees and EPFO Compliance at Mahip Industries Limited

Mahip Industries Limited has a workforce of 14 employees as of Mar 29, 2024.

Employee count
14
Active EPFO establishments
1
Employee growth
-44%
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Employee and EPFO history for Mahip Industries Limited

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GST Compliance of Mahip Industries Limited

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GST registrations and filing compliance for Mahip Industries Limited

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Credit Ratings, Litigation & Regulatory Alerts for Mahip Industries Limited

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Credit ratings, litigation, and regulatory alerts for Mahip Industries Limited

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MSME Payment Delays by Mahip Industries Limited

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MSME payment history for Mahip Industries Limited

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Subsidiaries & Group Companies of Mahip Industries Limited

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Corporate group structure for Mahip Industries Limited

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MCA Filings & Documents of Mahip Industries Limited

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MCA filings and documents for Mahip Industries Limited

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Recent Activity on Mahip Industries Limited

Directors
06 Nov 2025
Shivani Jain was appointed as a Company Secretary on 06 Nov 2025 & has been associated with this company since 8 months 6 days.
Activity
23 Sep 2025
Mahip Industries Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Directors
30 Aug 2025
Ronakbhai Amratbhai Patel was appointed as a Director on 30 Aug 2025 & has been associated with this company since 10 months 13 days.
Charges
30 Apr 2025
A charge registered on 31 Aug 2017 via Charge ID 100131314 with Others was fully satisfied on 30 Apr 2025.
Activity
31 Mar 2025
Mahip Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
12 Nov 2024
Kinjal Parmar was appointed as a Director on 12 Nov 2024 & has been associated with this company since 1 year 8 months.

Frequently Asked Questions about Mahip Industries Limited

Mahip Industries Limited is an active public limited company in the packaging sector based in Ahmedabad, Gujarat, India. It was incorporated on 14 November 1995 (31+ years old) and is registered under CIN L15549GJ1995PLC028116. The company has 14 employees.

Mahip Industries Limited reported revenue of ₹9.1 Cr for FY 2026 (up 46.19% YoY) based on standalone BSE filings.

The current directors of Mahip Industries Limited are:

The primary industry of Mahip Industries Limited is packaging. The company specifically operates in paper. The company is currently active in this sector.

Yes, Mahip Industries Limited is a listed company.

Mahip Industries Limited can be reached at the registered office: Survey No. 127 Jalalpur – Godhneshwar Dholka – Bagodara Highway, Ahmedabad, Gujarat, India – 387810, or through the website mahipindustriesltd.in.

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