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 Praveen Singh and Omkar Patel.
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 the financials filed for FY 2025, the company reported a revenue of ₹6.45 Cr, a growth of 55% compared to the previous year.
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.
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Email*****@*****.com
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Telephone**************
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Website
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Social Media**************
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Registered AddressSurvey No. 127 Jalalpur – Godhneshwar Dholka – Bagodara Highway, Ahmedabad, Gujarat, India – 387810
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IndustryPackaging, Paper, Laminated & Corrugated Packaging
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
|---|---|---|
| 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 | ********* |
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 6 directors, with 15 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Praveen Singh
Also directs:
Mahip Industries Limited
|
Director | 04 Jul 2022 | 4 Years 0 Months | Current |
|
Omkar Patel
Also directs:
Mahip Industries Limited
|
Director | 07 Aug 2020 | 5 Years 11 Months | Current |
|
Kinjal Parmar
Also directs:
Mahip Industries Limited
|
Director | 12 Nov 2024 | 1 Years 7 Months | Current |
|
Rajiv Govindram Agrawal
Also directs:
Mahip Industries Limited
|
Whole-Time Director | 14 Nov 1995 | 30 Years 7 Months | Current |
|
Ronakbhai Amratbhai Patel
Also directs:
Mahip Industries Limited
|
Director | 30 Aug 2025 | 0 Years 10 Months | Current |
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 64.32% | 64.36% | 65.40% | 65.40% | 65.40% | 65.40% |
| Public | 35.68% | 35.64% | 34.60% | 34.60% | 34.60% | 34.60% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 64.32% | 65.40% | 65.40% |
| Public | 35.68% | 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.
Charges & Borrowings of Mahip Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 & EPFO Data of Mahip Industries Limited
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GST Compliance of Mahip Industries Limited
GSTIN & GST Filing Data of Mahip Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Mahip Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Mahip Industries Limited
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MSME Payment Delays by Mahip Industries Limited
MSME Payment Delays by Mahip Industries Limited
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Subsidiaries & Group Companies of Mahip Industries Limited
Subsidiaries & Group Companies of Mahip Industries Limited
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MCA Filings & Documents of Mahip Industries Limited
MCA Filings & Documents of Mahip Industries Limited
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Recent Activity on Mahip Industries Limited
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 ₹6.45 Cr for FY 2025 (up 55.00% YoY).
The current directors of Mahip Industries Limited are:
- Praveen Singh
- Omkar Patel
- Rajiv Govindram Agrawal
- Animesh Suthar
- Kinjal Parmar
- Ronakbhai Amratbhai Patel
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.