MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0001027
Mainetti (India) Private Limited - manufacturing in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹355.73 Cr
▲ 29% YoY
Net profit · FY 2025
₹43.69 Cr
Net margin 12.3%
EBITDA · FY 2025
₹74.39 Cr
EBITDA margin 20.9%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹12.61 Cr
Issued & subscribed
Open charges
₹58.47 Cr
Satisfied ₹131.67 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
569
Provident fund records
About Mainetti (India) Private Limited
Data last updated:
Mainetti (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Mainetti Holdings Bv. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 02 June 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25209TN1997PTC038312. Its GSTIN is 33AAACM6894M1ZY (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.61 Cr. It is led by directors including Sundeep Chauhan and Balaji.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.138/30 3rd Floor Florida Towers Nelson Manickam Road, Chennai, Tamil Nadu, India – 600029.
As per the financials filed for FY 2025, the company reported a revenue of ₹355.73 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹43.69 Cr (net margin 12.3%) and EBITDA of ₹74.39 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 569 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹58.47 Cr and satisfied charges of ₹131.67 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 3 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹11.97 Cr; the latest was in March 2013. Its 5 peer companies in the Consumer Products industry (Lifestyle and Accessories Manufacturers, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Manika Plastech Limited with revenue of ₹368.76 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 73 overdue payments to 21 micro and small suppliers.
Mainetti (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0001027). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mainetti.com.
Company details
CIN U25209TN1997PTC038312
Registration Number 038312
Incorporation Date 02 June 1997
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Mainetti Holdings Bv
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0001027
Recognitions & Rankings of Mainetti (India)
Contact details
Mainetti (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is mainetti.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.138/30 3rd Floor Florida Towers Nelson Manickam Road, Chennai, Tamil Nadu, India – 600029
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Mainetti (India) Private Limited, buy the company report.
Comprehensive company report
Mainetti (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
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Business activity
The main business activity of Mainetti (India) is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Mainetti (India) Private Limited, buy the company report.
Financials of Mainetti (India) Private Limited
FY 2024 filings availableMainetti (India) Private Limited reported revenue of ₹355.73 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹355.73 Cr ▲ 29%
Net profit · FY 2025
₹43.69 Cr margin 12.3%
EBITDA · FY 2025
₹74.39 Cr margin 20.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 5%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 6%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 29% growth in the latest year. EBITDA rose 45% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹74.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43.69 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 | 20.9% | ||||
| Net Profit Margin | 12.3% | ||||
| 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 Mainetti (India) Private Limited, buy the company report.
Board of directors of Mainetti (India) Private Limited
Mainetti (India) has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundeep Chauhan | Director | 06 Jul 2010 | 16 Years 3 Months | Current |
| Balaji | Director | 13 Aug 2004 | 22 Years 2 Months | Current |
| Rangarajan Ananth | Director | 24 Jan 2019 | 7 Years 9 Months | Current |
| Gnanasekar Gopalraj | Director | 22 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Mainetti (India) Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manika Plastech Limited | ₹368.76 Cr (FY 2024) | -8.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Woco Tech Polymere Kandla Limited | ₹368.15 Cr (FY 2025) | 0.0% | Kutch, Gujarat, India | |||
| Ador Poly-Containers Limited | ₹357.55 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Mainetti (India) Private Limitedthis company | ₹355.73 Cr (FY 2025) | ₹43.69 Cr | 12.3% | 29.0% | 569 | Chennai, Tamil Nadu, India |
| TPL Plastech Limited | ₹349.4 Cr (FY 2025) | 11.0% | Nani Daman Ut, Daman and Diu, India | |||
| MG Polyplast Industries Private Limited | ₹338.9 Cr (FY 2025) | -18.0% | Delhi, India |
To see the full peer comparison of Mainetti (India) Private Limited, buy the company report.
Auditor
Mainetti (India) Private Limited is audited by S R B R & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B R & ASSOCIATES LLP | FY 2022 | 004997S |
Shareholding
The shareholding of Mainetti (India) 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 Mainetti (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹58.47 Cr
Satisfied charges
₹131.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2013 | 10467288 | Hdfc Bank Limited | ₹25.5 Cr | Open | |
| 06 Oct 2010 | 10250841 | The Hongkong and Shanghai Banking Corporation Limited | ₹32.97 Cr | Open | |
| 13 Jul 2020 | 100352731 | Hdfc Bank Limited | ₹5 Cr | Satisfied | |
| 14 Oct 2019 | 100306201 | Hdfc Bank Limited | ₹15 Cr | Satisfied | |
| 29 Aug 2019 | 100289019 | The Hongkong and Shanghai Banking Corporation Limited | ₹75 Lakh | Satisfied |
To see the full charge records of Mainetti (India) Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Mainetti (India) Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹11.97 Cr; the latest was in March 2013.
Total deals
3
Funding rounds
3
Disclosed funding
₹11.97 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹1.86 Cr | Investors: Mainetti Holding B V |
| Jun 2009 | Funding round | ₹2.85 Cr | Investors: Mainetti Holding B V |
| Dec 2008 | Funding round | ₹7.26 Cr | Investors: Mainetti Holding B V |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mainetti (India) Private Limited has 14 court cases on record: 2 filed by Mainetti (India), 12 filed against it. 3 cases are pending and 11 are disposed.
Total cases
14
Filed by the company
2
Filed against the company
12
Pending
3
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 12 | 3 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Konega International Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S. Konega International Pvt. Ltd. | Disposed |
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by Principal Commissioner of Income Tax | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Principal Commissioner of Income Tax | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Principal Commissioner of Income Tax | Disposed |
To see the full case history of Mainetti (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
Mainetti (India) Private Limited was last rated by Indiarating on 01 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Oct 2020 |
To see the full credit ratings and regulatory alerts of Mainetti (India) Private Limited, buy the company report.
MSME payment delays
Mainetti (India) Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 73 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rajguru Adhesive Tape Company Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Industrial Metrology Centre |
To see the full MSME payment records of Mainetti (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mainetti (India) Private Limited has a workforce of 569 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
569
Active EPFO establishments
1
Employee growth
-5.95%
GST
Mainetti (India) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM6894M1ZY | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACM6894M2ZX | Tamil Nadu | Active | 10 Aug 2017 |
To see the full GST registrations and return filing status of Mainetti (India) Private Limited, buy the company report.
Recent activity
Mainetti (India) Private Limited has 18 board changes on record since 2004: 4 appointments and 14 cessations. The latest: Paras Chandaria ceased to be Director on 18 Jan 2022.
Charges
A charge registered on 29 Aug 2019 via Charge ID 100289019 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 29 May 2025.
Charges
A charge registered on 18 Sep 2006 via Charge ID 10020603 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 12 May 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 32.97 Cr registered on 06 Oct 2010 with Charge ID 10250841 was modified on 29 Apr 2025.
AGM
Mainetti (India) Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Mainetti (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge registered on 13 Jul 2020 via Charge ID 100352731 with Hdfc Bank Limited was fully satisfied on 05 Jul 2023.
Charges
A charge registered on 14 Oct 2019 via Charge ID 100306201 with Hdfc Bank Limited was fully satisfied on 05 Jul 2023.
Charges
A charge registered on 22 Sep 2014 via Charge ID 10525262 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 23 Jun 2023.
Charges
A charge registered on 28 Aug 2008 via Charge ID 10118838 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 23 Jun 2023.
Charges
A charge registered on 14 Apr 2008 via Charge ID 10099989 with The Hongkong And Shanghai Banking Corporation Ltd was fully satisfied on 23 Jun 2023.
Charges
A charge registered on 10 Jan 2008 via Charge ID 10083244 with The Hongkong And Shanghai Banking Corporation Ltd was fully satisfied on 23 Jun 2023.
Charges
A charge registered on 09 Mar 2007 via Charge ID 10043915 with The Hongkong And Shanghai Banking Corporation Ltd was fully satisfied on 23 Jun 2023.
46 earlier events are in the company report.
Frequently asked questions
Mainetti (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 02 June 1997 (29+ years old) and is registered under CIN U25209TN1997PTC038312.
Mainetti (India) has 4 current directors:
- Sundeep Chauhan - Director
- Balaji - Director
- Rangarajan Ananth - Director
- Gnanasekar Gopalraj - Director
The latest financial statements of Mainetti (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mainetti (India) is 33AAACM6894M1ZY, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACM6894M2ZX (Tamil Nadu).
The CIN (Corporate Identification Number) of Mainetti (India) is U25209TN1997PTC038312. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mainetti (India) has 14 court cases on record: 2 filed by the company and 12 filed against it. 3 are pending.
Mainetti (India) was incorporated on 02 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
Mainetti (India) has 3 deals on record (3 funding rounds), with disclosed funding of ₹11.97 Cr; the latest was in March 2013.
The peers of Mainetti (India) by revenue are Manika Plastech Limited, Woco Tech Polymere Kandla Limited, Ador Poly-Containers Limited, TPL Plastech Limited, MG Polyplast Industries Private Limited, all in the Consumer Products industry (Lifestyle and Accessories Manufacturers, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Paras Chandaria ceased to be Director on 18 Jan 2022. Gnanasekar Gopalraj ceased to be Alternate Director on 30 Sep 2019. Rangarajan Ananth ceased to be Additional Director on 30 Sep 2019. Mainetti (India) has 18 board changes on record in total.
Yes, Mainetti (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0001027).
Mainetti (India) has 12 MSME Form 1 returns on record between 2019 and 2024, listing 73 overdue payments to 21 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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