Maini Precision Products Limited

Maini Precision Products Limited - metal & minerals in Thane, Maharashtra, India. Directors, charges & compliance details.
CIN U27201MH1973PLC428717 Incorporated 03 March 1973 ROC Mumbai HQ Thane, Maharashtra, India
Merged Public Limited Company metal and minerals
Data last updated
Revenue · FY 2024
₹934.81 Cr
▲ 11% YoY
Net profit · FY 2024
₹60.47 Cr
Net margin 6.5%
EBITDA · FY 2024
₹146.1 Cr
EBITDA margin 15.6%
Authorised capital
₹40.5 Cr
Registered with MCA
Paid-up capital
₹10.49 Cr
Issued & subscribed
Open charges
₹717.12 Cr
Satisfied ₹539.79 Cr
Company age
53 yrs
Est. 1973
Employees · EPFO
2,471
Provident fund records

About Maini Precision Products Limited

Data last updated:

Maini Precision Products Limited was a public limited company based in Thane, Maharashtra, India, operated as a subsidiary of Ring Plus Aqua 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 metalworking segment of the metals and mining sector. It was incorporated on 03 March 1973.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27201MH1973PLC428717. Its GSTIN is 27AABCM8269R1ZJ (Maharashtra). The company held 2 GST registrations, all of them active.

The company had an authorised share capital of ₹40.5 Cr and a paid-up capital of ₹10.49 Cr. It was formerly known as Maini Precision Products Private Limited. It was led by directors including Gautam Kumar Maini (Managing Director) and Murugan Thirumal Rangan (Whole-Time Director).

Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Thane, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹934.81 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹60.47 Cr (net margin 6.5%) and EBITDA of ₹146.1 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 10% over five years.

The company had about 2,471 employees on its provident fund (EPFO) records before it was dissolved.

The company was associated with 1 brand: Maini Precision Products. As per MCA filings, the company had open charges of ₹717.12 Cr and satisfied charges of ₹539.79 Cr on record. Court records list 34 cases involving the company, including 13 filed by the company and 16 filed against it; 10 cases are pending. The company has 25 deals on record (20 secondary share transfers, 5 funding rounds), with disclosed funding of ₹51.96 Cr; the latest was in March 2024. Its 10 peer companies in the Machinery and Equipment industry (Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is National Steel and Agro Industries Limited with revenue of ₹1,122.66 Cr. The company has 53 MSME Form 1 returns on record between 2020 and 2024, listing 70,972 overdue payments to 102 micro and small suppliers.

The last known website on record is mainiprecisionproducts.com.

Company Details of Maini Precision Products Limited
CIN U27201MH1973PLC428717
Registration Number 428717
Incorporation Date 03 March 1973
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 16 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ring Plus Aqua Limited
Compliance Status Active Compliant

CIN History of Maini Precision Products Limited

Maini Precision Products has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27201MH1973PLC428717, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U27201MH1973PLC428717Current
U27201KA1973PLC002307Previous
U27201KA1972PTC002307Previous
U27201KA1973PTC002307Previous
Key People
Gautam Kumar Maini Managing Director Murugan Thirumal Rangan Whole-Time Director Sandeep Kumar Maini Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    mainiprecisionproducts.com
  • Social Media
  • Registered Address
    C/O. Raymond Limited Jekegram, Pokharan Road No. 1, Thane, Maharashtra, India – 400606
  • Industry
    Metal & Minerals, Metalworking
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Financials, compliance, directors, charges, ownership and filings for Maini Precision Products Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Maini Precision Products Limited

Maini Precision Products operates one associated brand: Maini Precision Products. Each brand links to its own profile.

BrandDescriptionWebsite
Maini Precision Products
Manufacturer & supplier of precision products and assembliesmainiprecisionproducts.com

Business Activity of Maini Precision Products Limited

The main business activity of Maini Precision Products is manufacturing. In detail, this covers metal and metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Maini Precision Products Limited FY 2024 filings available

Maini Precision Products Limited reported revenue of ₹934.81 Cr (up 11% YoY) for FY 2024.

Revenue · FY 2024
₹934.81 Cr ▲ 11%
Net profit · FY 2024
₹60.47 Cr margin 6.5%
EBITDA · FY 2024
₹146.1 Cr margin 15.6%

Compounded Annual Growth Rate (CAGR) of Maini Precision Products Limited

Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 29%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 124%
5 years · compounded
▲ 14%

Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 11% growth in the latest year. EBITDA fell 19% 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 Precision Products Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹934.81 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹146.1 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹60.47 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 Precision Products Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin15.6%••••••••••••••••
Net Profit Margin6.5%••••••••••••••••
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 Precision Products are in the company report.

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Financial statements from 2015

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Board of Directors of Maini Precision Products Limited

Maini Precision Products has 10 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Sandeep Kumar Maini
Also directs: JK Maini Precision Technology Limited, JK Maini Global Aerospace Limited, Virya Mobility 5.0 LLP and 5 more
Director19 Sep 200719 Years 1 MonthsAs last reported
Vijay Nautamlal Bhatt
Also directs: FDC Limited, Finolex Industries Limited, Irb Infrastructure Developers Limited and 4 more
Director01 Apr 20242 Years 6 MonthsAs last reported
Narasimha Murthy Kummamuri
Also directs: Raymond Limited, Max Financial Services Limited, Raymond Realty Limited and 5 more
Director29 Jul 20242 Years 2 MonthsAs last reported
Murugan Thirumal Rangan
Also directs: JK Maini Precision Technology Limited, Metra CNC Private Limited
Whole-Time Director01 Apr 20242 Years 6 MonthsAs last reported
Gautam Sen
Also directs: JK Maini Precision Technology Limited, Derivaz & Ives Auction House Private Limited
Additional Director27 Jan 20251 Years 8 MonthsAs last reported
Jatin Khanna
Also directs: JK Maini Global Aerospace Limited, Raymond Uco Denim Private Limited
Director01 Apr 20242 Years 6 MonthsAs last reported
Showing 6 of 10 current directors. View all directors

Peer Comparison of Maini Precision Products Limited

Maini Precision Products Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
National Steel and Agro Industries Limited Listed₹1,122.66 Cr (FY 2024)••••••••73.0%••••Mumbai, Maharashtra, India
Sterling Tools Limited Listed₹1,037.95 Cr (FY 2025)••••••••11.0%••••New Delhi, Delhi, India
Voith Turbo Private Limited₹1,036.91 Cr (FY 2025)••••••••23.0%••••Hyderaad, Telangana, India
Mittal Appliances Limited₹954.79 Cr (FY 2025)••••••••31.0%••••Indore, Madhya Pradesh, India
Choksi Heraeus Private Limited₹942.16 Cr (FY 2025)••••••••46.0%••••Udaipur, Rajasthan, India
Maini Precision Products Limited this company₹934.81 Cr (FY 2024)••••••••11.0%••••Thane, Maharashtra, India
Bellsonica Auto Component India Private Limited₹931.08 Cr (FY 2025)••••••••8.0%••••Manesar, Haryana, India
NSK Bearings India Private Limited₹926.36 Cr (FY 2025)••••••••8.0%••••Chennai, Tamil Nadu, India
Taparia Tools Limited Listed₹924.92 Cr (FY 2025)••••••••10.0%••••Nashik, Maharashtra, India
Bill Forge Private Limited₹831.15 Cr (FY 2018)••••••••14.0%••••Bangalore, Karnataka, India
Timken Engineering and Research - India Private Limited₹829.87 Cr (FY 2025)••••••••-9.0%••••Bangalore, Karnataka, India

Peers are the five companies nearest above and the five nearest below Maini Precision Products by revenue in the Machinery and Equipment industry (Tools and Components), 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 Precision Products Limited

Maini Precision Products Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2024.

NameStatusAppointment DateCessation Date
Price Waterhouse Chartered Accountants LLPLockedLockedLocked
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Ownership and Shareholding of Maini Precision Products Limited

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Charges & Borrowings of Maini Precision Products Limited

Open charges
₹717.12 Cr
Satisfied charges
₹539.79 Cr
Breakdown by lending institutions
Ing Vysya Bank Limited₹167.40 Cr
Others₹108.25 Cr
Canara Bank₹104.51 Cr
Icici Bank Limited₹76.63 Cr
The Hongkong and Shanghai Banking Corporation Limited₹64.00 Cr
Others₹19.00 Cr
Latest charge details
DateLenderAmountStatus
13 Apr 2023Others₹10 CrSatisfied
27 Mar 2021Others₹18.25 CrSatisfied
25 Jun 2018Others₹40 CrSatisfied
23 Oct 2017Others₹20 CrSatisfied
23 Oct 2017Others₹5 CrSatisfied

Total charge records: 27 View all charges

Deals & Funding of Maini Precision Products Limited

Maini Precision Products Limited has 25 deals on record (20 secondary share transfers, 5 funding rounds), with disclosed funding of ₹51.96 Cr; the latest was in March 2024.

Total deals
25
Secondary share transfers
20
Funding rounds
5
Disclosed funding
₹51.96 Cr

Deals on record (5 of 25)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedBuyer: Ring Plus Aqua Limited
Seller: Kmaini Motorsports India Private Limited , an individual
Mar 2024Secondary share transferUndisclosedBuyer: Ring Plus Aqua Limited
Seller: Paragon Partners, Kmaini Motorsports India Private Limited , 2 individuals
Mar 2024Secondary share transferUndisclosedBuyer: Kmaini Motorsports India Private Limited
Seller: Brioso And Co Pty Ltd, One-Up Financial Consultants Pvt Ltd , 2 individuals
Mar 2024Secondary share transferUndisclosedBuyer: Ring Plus Aqua Limited , Ring Plus Aqua Limited and Priti Alkari, Ring Plus Aqua Limited and Rakesh M Darji
Seller: an individual
Mar 2024Secondary share transferUndisclosedBuyer: Ring Plus Aqua Limited
Seller: Maini Family Office
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Maini Precision Products Limited

Maini Precision Products Limited has 53 MSME Form 1 returns on record between 2020 and 2024, listing 70,972 overdue payments to 102 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 102)

SupplierAmount dueDue sinceReported on
Karnataka Automats Private Limited••••••••••••
Satsanga Solutions••••••••••••
Pradil Die Cast••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 53 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 Precision Products Limited

Maini Precision Products Limited has a workforce of 2,471 employees as of Sep 04, 2025.

Employee count
2,471
Active EPFO establishments
2
Employee growth
7.34%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Maini Precision Products Limited

Maini Precision Products Limited has 38 board changes on record since 1989: 10 appointments and 28 cessations. The latest: Gautam Sen was appointed as Additional Director on 27 Jan 2025.

Appointed
Gautam Sen was appointed as Additional Director.
Charges
A charge registered on 13 Apr 2023 via Charge ID 100713847 with Others was fully satisfied on 11 Dec 2024.
Charges
A charge registered on 27 Mar 2021 via Charge ID 100437467 with Others was fully satisfied on 10 Oct 2024.
Charges
A charge registered on 25 Jun 2018 via Charge ID 100190355 with Others was fully satisfied on 10 Oct 2024.
AGM
Maini Precision Products Limited last Annual general meeting of members was held on 16 Sep 2024 as per latest MCA records.
Ceased
Narasimha Murthy Kummamuri ceased to be Additional Director.
Appointed
Narasimha Murthy Kummamuri was appointed as Director.
Ceased
Vijayesh Rajendran ceased to be Company Secretary.
Ceased
Balasubramanian Vishwanathan ceased to be Additional Director.
Ceased
Jatin Khanna ceased to be Additional Director.
Ceased
Krishnan Ashwath Narayan ceased to be Additional Director.
Ceased
Murugan Thirumal Rangan ceased to be Additional Director.

101 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Maini Precision Products Limited

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Subsidiaries & Group Companies of Maini Precision Products Limited

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Corporate group structure

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GST Compliance of Maini Precision Products Limited

Maini Precision Products has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AABCM8269R1ZJMaharashtraActive18 Sep 2024
29AABCM8269R1ZFKarnatakaActive01 Jul 2017
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GST registrations and filing compliance

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MCA Filings & Documents of Maini Precision Products Limited

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Related news about Maini Precision Products Limited

Frequently Asked Questions about Maini Precision Products Limited

Maini Precision Products 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.

Maini Precision Products was a public limited company based in Thane, Maharashtra, India. The company worked in metalworking, within the metal and minerals industry. It was incorporated on 03 March 1973 and is registered under CIN U27201MH1973PLC428717. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Maini Precision Products was incorporated on 03 March 1973. It is registered with the Registrar of Companies, Mumbai.

Maini Precision Products had 10 directors:

The CIN (Corporate Identification Number) of Maini Precision Products is U27201MH1973PLC428717. 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 Maini Precision Products is at CO. Raymond Limited Jekegram, Pokharan Road No. 1, Thane, Maharashtra, India – 400606.

Maini Precision Products can be reached through the website mainiprecisionproducts.com. Its registered office is in Thane, Maharashtra, India.

Maini Precision Products reported revenue of ₹934.81 Cr for FY 2024 (up 11% YoY).

Maini Precision Products has an authorised share capital of ₹40.5 Cr and a paid-up capital of ₹10.49 Cr.

Maini Precision Products reported a net profit of ₹60.47 Cr (net margin 6.5%) and EBITDA of ₹146.1 Cr (EBITDA margin 15.6%) for FY 2024, as per its filed financial statements.

The GSTIN of Maini Precision Products is 27AABCM8269R1ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCM8269R1ZF (Karnataka).

Maini Precision Products operated in the metal and minerals industry, in the metalworking segment.

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