MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0010379
Maini Materials Movement Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹207.25 Cr
▲ 6% YoY
Net profit · FY 2025
₹9.37 Cr
Net margin 4.5%
EBITDA · FY 2025
₹18.34 Cr
EBITDA margin 8.8%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹11.32 Lakh
Issued & subscribed
Open charges
₹80.66 Cr
Satisfied ₹49.81 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
407
Provident fund records
About Maini Materials Movement Private Limited
Data last updated:
Maini Materials Movement Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 11 April 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U60231KA1984PTC006017. Its GSTIN is 29AABCM8922D1ZG (Karnataka). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹11.32 Lakh. It is led by directors including Sandeep Kumar Maini (Managing Director) and Gautam Kumar Maini.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.38 Maini Sadan 7th Cross Lavelle Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹207.25 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹9.37 Cr (net margin 4.5%) and EBITDA of ₹18.34 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 9% over five years.
The company has about 407 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Maini Buggy. As per MCA filings, the company has open charges of ₹80.66 Cr and satisfied charges of ₹49.81 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in August 2017. Its 10 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Mtandt Rentals Limited with revenue of ₹231.87 Cr. The company has 13 MSME Form 1 returns on record between 2018 and 2024, listing 2,412 overdue payments to 75 micro and small suppliers.
Maini Materials Movement Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0010379). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mainimaterials.com.
Company Details of Maini Materials Movement Private Limited
CIN U60231KA1984PTC006017
Registration Number 006017
Incorporation Date 11 April 1984
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0010379
Key People
Sandeep Kumar Maini Managing Director Gautam Kumar Maini Director Chetan Kumar Maini Director Recognitions & Rankings of Maini Materials Movement
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.38 Maini Sadan 7th Cross Lavelle Road, Bangalore, Karnataka, India – 560025
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
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Associated Brands with Maini Materials Movement Private Limited
Maini Materials Movement operates one associated brand: Maini Buggy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers electric mobility solutions for material and people handling in various sectors. | mainibuggy.com |
Business Activity of Maini Materials Movement Private Limited
The main business activity of Maini Materials Movement is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Maini Materials Movement Private Limited FY 2025 filings available
Maini Materials Movement Private Limited reported revenue of ₹207.25 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹207.25 Cr ▲ 6%
Net profit · FY 2025
₹9.37 Cr margin 4.5%
EBITDA · FY 2025
₹18.34 Cr margin 8.8%
Compounded Annual Growth Rate (CAGR) of Maini Materials Movement Private Limited
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 1%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 12%
5 years · compounded
▲ 496%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 6% growth in the latest year. EBITDA rose 15% 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 of Maini Materials Movement Private Limited
| 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 | ₹18.34 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.37 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 of Maini Materials Movement Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maini Materials Movement are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Maini Materials Movement Private Limited
Maini Materials Movement has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Maini Also directs: Virya Mobility 5.0 LLP, Maini Plastics and Composites Private Limited, JK Maini Precision Technology Limited and 5 more | Managing Director | 27 Mar 1993 | 33 Years 6 Months | Current |
| Gautam Kumar Maini Also directs: Virya Mobility 5.0 LLP, Redd Canary Productions LLP, Maini Plastics and Composites Private Limited and 5 more | Director | 16 Oct 2008 | 18 Years 0 Months | Current |
| Chetan Kumar Maini Also directs: Virya Mobility 5.0 LLP, Virya Autonomous Technologies Private Limited, Virya Electric Powertrains Private Limited and 5 more | Director | 16 Apr 2016 | 10 Years 6 Months | Current |
| Kewal Krishan Nohria Also directs: K R Foods and Beverages LLP, Pradeep Metals Limited, Aikons Private Limited and 2 more | Director | 24 Sep 1998 | 28 Years 0 Months | Current |
Peer Comparison of Maini Materials Movement Private Limited
Maini Materials Movement Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mtandt Rentals Limited | ₹231.87 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Padur, Tamil Nadu, India |
| Hybon Elevators and Escalators Private Limited | ₹222.31 Cr (FY 2025) | •••• | •••• | 240.0% | •••• | New Delhi, Delhi, India |
| Tega Mcnally Minerals Limited | ₹219.15 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Arb Conveyors Limited | ₹217.93 Cr (FY 2025) | •••• | •••• | 352.0% | •••• | Jalandhar, Punjab, India |
| Armstrong Robotics & Technologies Private Limited | ₹207.36 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Nashik, Maharashtra, India |
| Maini Materials Movement Private Limited this company | ₹207.25 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Alps Technologies Private Limited | ₹205.59 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Masyc Projects Private Limited | ₹204.19 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | New Delhi, Delhi, India |
| Sparkline Equipments Private Limited | ₹201.34 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Pimpri, Maharashtra, India |
| Kobelco Cranes India Private Limited | ₹196.23 Cr (FY 2017) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Indef Manufacturing Limited | ₹193.69 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maini Materials Movement by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Maini Materials Movement Private Limited
Maini Materials Movement Private Limited is audited by Varma & Varma for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Varma & Varma | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Maini Materials Movement Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Maini Materials Movement Private Limited
Open charges
₹80.66 Cr
Satisfied charges
₹49.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2020 | Others | ₹1.51 Cr | Open |
| 22 May 2018 | Others | ₹39.51 Cr | Open |
| 24 Oct 2016 | Citi Bank N.A. | ₹13.19 Lakh | Open |
| 29 Jun 2016 | Others | ₹39.51 Cr | Open |
| 19 Mar 2022 | Hdfc Bank Limited | ₹13.5 Lakh | Satisfied |
Total charge records: 15 View all charges
Deals & Funding of Maini Materials Movement Private Limited
Maini Materials Movement Private Limited has 1 deal on record (1 secondary share transfer); the latest was in August 2017.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Maini Materials Movement Private Limited
Maini Materials Movement Private Limited has 10 court cases on record: 8 filed by Maini Materials Movement, 2 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Total cases
10
Filed by the company
8
Filed against the company
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 0 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by individuals | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Additional Labour Commissioner | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against Venkateshwara Importa Exports | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
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Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
MSME Payment Delays by Maini Materials Movement Private Limited
Maini Materials Movement Private Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 2,412 overdue payments to 75 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 75)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Maini Plastics and Composites Private Limited | •••• | •••• | •••• |
| TVS Sirius Controls Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Maini Materials Movement Private Limited
Maini Materials Movement Private Limited has a workforce of 407 employees as of Apr 08, 2024.
Employee count
407
Active EPFO establishments
1
Employee growth
4.09%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Maini Materials Movement Private Limited
Maini Materials Movement has 1 joint venture and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Joint ventures
1
Associated companies
Recent Activity on Maini Materials Movement Private Limited
Maini Materials Movement Private Limited has 13 board changes on record since 1993: 4 appointments and 9 cessations. The latest: Sarosh Jehangir Ghandy ceased to be Director on 05 Sep 2023.
AGM
Maini Materials Movement Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 26 Mar 2018 via Charge ID 100173182 with Others was fully satisfied on 11 Jun 2025.
Charges
A charge registered on 19 Mar 2022 via Charge ID 100559092 with Hdfc Bank Limited was fully satisfied on 23 May 2025.
Filing
Maini Materials Movement Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 39.51 Cr registered on 22 May 2018 with Charge ID 100187016 was modified on 19 Feb 2025.
Charges
A charge with Others of Rs. 39.51 Cr registered on 29 Jun 2016 with Charge ID 100055227 was modified on 19 Feb 2025.
Ceased
Sarosh Jehangir Ghandy ceased to be Director.
Charges
A charge registered on 09 Mar 2017 via Charge ID 100095831 with Others was fully satisfied on 02 Mar 2023.
Ceased
Tarak Bhikhalal Madhani ceased to be Nominee Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100559092 was registered on 19 Mar 2022.
Charges
A charge with Others of Rs. 1.51 Cr registered on 26 Nov 2020 with Charge ID 100407811 was modified on 24 Dec 2020.
Charges
A charge with Others amounted to Rs. 1.51 Cr with Charge ID 100407811 was registered on 26 Nov 2020.
36 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maini Materials Movement Private Limited
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Credit ratings, litigation, and regulatory alerts
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Subsidiaries & Group Companies of Maini Materials Movement Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Maini Materials Movement Private Limited
Maini Materials Movement has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM8922D1ZG | Karnataka | Active | 01 Jul 2017 |
| 06AABCM8922D1ZO | Haryana | Active | 31 Jul 2018 |
| 27AABCM8922D1ZK | Maharashtra | Active | 31 Jul 2018 |
| 09AABCM8922D1ZI | Uttar Pradesh | Active | 24 Feb 2020 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Maini Materials Movement Private Limited
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MCA filings and documents
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Frequently Asked Questions about Maini Materials Movement Private Limited
Maini Materials Movement is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 11 April 1984 (42+ years old) and is registered under CIN U60231KA1984PTC006017.
Maini Materials Movement reported revenue of ₹207.25 Cr for FY 2025 (up 6% YoY).
Maini Materials Movement has 4 current directors:
- Sandeep Kumar Maini - Managing Director
- Gautam Kumar Maini - Director
- Chetan Kumar Maini - Director
- Kewal Krishan Nohria - Director
Maini Materials Movement reported a net profit of ₹9.37 Cr (net margin 4.5%) and EBITDA of ₹18.34 Cr (EBITDA margin 8.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maini Materials Movement is 1% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maini Materials Movement is 29AABCM8922D1ZG, registered in Karnataka. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 06AABCM8922D1ZO (Haryana), 27AABCM8922D1ZK (Maharashtra), 09AABCM8922D1ZI (Uttar Pradesh).
The CIN (Corporate Identification Number) of Maini Materials Movement is U60231KA1984PTC006017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maini Materials Movement has 10 court cases on record: 8 filed by the company and 2 filed against it. Most are in the high courts.
Maini Materials Movement was incorporated on 11 April 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Maini Materials Movement has 1 deal on record (1 secondary share transfer); the latest was in August 2017.
The peers of Maini Materials Movement by revenue are Mtandt Rentals Limited, Hybon Elevators and Escalators Private Limited, Tega Mcnally Minerals Limited, Arb Conveyors Limited, Armstrong Robotics & Technologies Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Sarosh Jehangir Ghandy ceased to be Director on 05 Sep 2023. Tarak Bhikhalal Madhani ceased to be Nominee Director on 01 Apr 2022. Srinivasaragavan Rajagopalan ceased to be Director on 03 Oct 2017. Maini Materials Movement has 13 board changes on record in total.