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 35 cases involving the company, including 13 filed by the company and 22 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 6 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 2 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
CIN history
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.
| CIN | Status |
|---|---|
| U27201MH1973PLC428717 | Current |
| U27201KA1973PLC002307 | Previous |
| U27201KA1972PTC002307 | Previous |
| U27201KA1973PTC002307 | Previous |
Contact details
Maini Precision Products Limited's registered office is in Thane, Maharashtra. Its website is mainiprecisionproducts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O. Raymond Limited Jekegram, Pokharan Road No. 1, Thane, Maharashtra, India – 400606
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Maini Precision Products Limited, buy the company report.
- 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
Brands
Maini Precision Products operates one associated brand: Maini Precision Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer & supplier of precision products and assemblies | mainiprecisionproducts.com |
Business activity
The main business activity of Maini Precision Products is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Maini Precision Products Limited, buy the company report.
Financials of Maini Precision Products Limited
FY 2024 filings availableMaini Precision Products Limited reported revenue of ₹934.81 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.6% | ||||
| Net Profit Margin | 6.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Maini Precision Products Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Maini Also directs: JK Maini Precision Technology Limited, JK Maini Global Aerospace Limited, Virya Mobility 5.0 LLP and 5 more | Director | 19 Sep 2007 | 19 Years 1 Months | As last reported |
| Vijay Nautamlal Bhatt Also directs: FDC Limited, Finolex Industries Limited, Irb Infrastructure Developers Limited and 4 more | Director | 01 Apr 2024 | 2 Years 6 Months | As last reported |
| Narasimha Murthy Kummamuri | Director | 29 Jul 2024 | 2 Years 2 Months | As last reported |
| Murugan Thirumal Rangan Also directs: JK Maini Precision Technology Limited, Metra CNC Private Limited | Whole-Time Director | 01 Apr 2024 | 2 Years 6 Months | As last reported |
| Gautam Sen | Additional Director | 27 Jan 2025 | 1 Years 8 Months | As last reported |
| Jatin Khanna | Director | 01 Apr 2024 | 2 Years 6 Months | As last reported |
Peer comparison
Maini Precision Products Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| National Steel and Agro Industries Limited | ₹1,122.66 Cr (FY 2024) | 73.0% | Mumbai, Maharashtra, India | |||
| Sterling Tools Limited | ₹1,037.95 Cr (FY 2025) | 11.0% | New Delhi, Delhi, 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 Limitedthis company | ₹934.81 Cr (FY 2024) | ₹60.47 Cr | 6.5% | 11.0% | 2,471 | Thane, Maharashtra, India |
| NSK Bearings India Private Limited | ₹926.36 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Timken Engineering and Research - India Private Limited | ₹829.87 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Maini Precision Products Limited, buy the company report.
Auditor
Maini Precision Products Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2024 | 012754N/N500016 |
Shareholding
The shareholding of Maini Precision Products Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maini Precision Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2023 | 100713847 | Others | ₹10 Cr | Satisfied | |
| 27 Mar 2021 | 100437467 | Others | ₹18.25 Cr | Satisfied | |
| 25 Jun 2018 | 100190355 | Others | ₹40 Cr | Satisfied | |
| 23 Oct 2017 | 100133273 | Others | ₹20 Cr | Satisfied | |
| 23 Oct 2017 | 100133270 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Maini Precision Products Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
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.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Ring Plus Aqua Limited Seller: Kmaini Motorsports India Private Limited , an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Ring Plus Aqua Limited Seller: Paragon Partners, Kmaini Motorsports India Private Limited , 2 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Kmaini Motorsports India Private Limited Seller: Brioso And Co Pty Ltd, One-Up Financial Consultants Pvt Ltd , 2 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Ring Plus Aqua Limited , Ring Plus Aqua Limited and Priti Alkari, Ring Plus Aqua Limited and Rakesh M Darji Seller: an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Ring Plus Aqua Limited Seller: Maini Family Office |
To see the full deal history of Maini Precision Products Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maini Precision Products Limited has 35 court cases on record: 13 filed by Maini Precision Products, 22 filed against it. 10 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 17 | 8 |
| High courts | 16 | 5 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Maharashtra Forge Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Hampson Precision Automotive India Pvt Ltd and 4 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Supangita Engineers P Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (REF) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (REF) | Filed against the company by an individual | Pending |
To see the full case history of Maini Precision Products 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
Maini Precision Products Limited was last rated by Icra on 07 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Dec 2021 |
To see the full credit ratings and regulatory alerts of Maini Precision Products Limited, buy the company report.
MSME payment delays
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)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Karnataka Automats Private Limited | |||
| Satsanga Solutions | |||
| Pradil Die Cast | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Maini Precision Products Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Maini Precision Products Limited has a workforce of 2,471 employees on its EPFO records as of Sep 04, 2025, across 2 active EPFO establishments.
GST
Maini Precision Products has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM8269R1ZJ | Maharashtra | Active | 18 Sep 2024 |
| 29AABCM8269R1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maini Precision Products Limited, buy the company report.
Recent activity
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.
101 earlier events are in the company report.
News
Frequently asked questions
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:
- Gautam Kumar Maini - Managing Director
- Murugan Thirumal Rangan - Whole-Time Director
- Sandeep Kumar Maini - Director
- Vijay Nautamlal Bhatt - Director
- Narasimha Murthy Kummamuri - Director
- Gautam Sen - Additional Director
- Jatin Khanna - Director
- Balasubramanian Vishwanathan - Director
- Rukmani Menon - Director
- Ravikant Uppal - Director
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.
The latest financial statements of Maini Precision Products on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2024. Year-wise statements from 2015 are in the company report.
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.
Maini Precision Products 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.
The peers of Maini Precision Products by revenue are National Steel and Agro Industries Limited, Sterling Tools Limited, Mittal Appliances Limited, Choksi Heraeus Private Limited, NSK Bearings India Private Limited and 1 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).