Man Industries (India) Limited

BSE: 513269 NSE: MANINDS
Man Industries (India) Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L99999MH1988PLC047408 Incorporated 19 May 1988 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MANINDS · BSE: 513269 Public Limited Company manufacturing
Data last updated
Market Cap
₹5,971 Cr
MANINDS · NSE
Share Price
₹797.70
+0.21% today
Revenue
₹3,564 Cr
FY 2025-26 · +1.7% YoY
EBITDA
₹439 Cr
Margin 12.3%
Net Profit
₹170 Cr
FY 2025-26 · +13.1% YoY
P/E (TTM)
28.4x
P/B 2.8x
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹37.5 Cr
Issued & subscribed

About Man Industries (India) Limited

Data last updated:

Man Industries (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 19 May 1988 and has been in existence for over 38 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1988PLC047408. The company has 1 GST registration on record, which is no longer active. It is a listed company as per MCA records. Its shares are listed on BSE: 513269 and NSE: MANINDS.

The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹37.5 Cr. It was formerly known as Man Aluminium Limited. It is led by directors including Nikhil Rameshchandra Mansukhani (Managing Director) and Rameshchandra Mansukhani (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Man House 101 S.V. Road Opp. Pawan Hans Vile Parle (West), Mumbai, Maharashtra, India – 400056.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,563.9 Cr, a growth of 1.7% compared to the previous year. For the same year it recorded a net profit of ₹170.48 Cr (net margin 4.8%) and EBITDA of ₹439.3 Cr (EBITDA margin 12.3%). The net worth stands at ₹2,086.54 Cr (up 29.8% YoY). Total assets are valued at ₹2,724.26 Cr (up 30.3% YoY).

The company has about 86 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.

The company is associated with 1 brand: Man Industries. As per MCA filings, the company has open charges of ₹3,811.92 Cr and satisfied charges of ₹5,667.99 Cr on record. Court records list 323 cases involving the company, including 162 filed by the company and 162 filed against it; 71 cases are pending. The company has 90 deals on record (83 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹311.5 Cr; the latest was in February 2026. The company has 50 MSME Form 1 returns on record between 2017 and 2024, listing 2,990 overdue payments to 352 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mangroup.com.

Company details

CIN L99999MH1988PLC047408
Registration Number 047408
Incorporation Date 19 May 1988
ROC Mumbai
Listing Status Listed - Listed on NSE (MANINDS); Listed on BSE (513269)
Company Status Active
Date of Last AGM 25 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Nikhil Rameshchandra Mansukhani Managing Director Rameshchandra Mansukhani Whole-Time Director Renu Purshottam Jalan Director

Contact details

Man Industries (India) Limited's registered office is in Mumbai, Maharashtra. Its website is mangroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mangroup.com
  • Social Media
  • Registered Address
    Man House 101 S.V. Road Opp. Pawan Hans Vile Parle (West), Mumbai, Maharashtra, India – 400056
  • Industry
    Manufacturing, Pipe & Tubes

To see the full contact details of Man Industries (India) Limited, buy the company report.

Comprehensive company report
Man Industries (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Man Industries (India) operates one associated brand: Man Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Man Industries
Manufacturing and supply of steel line pipesmangroup.com

Business activity

The main business activity of Man Industries (India) is manufacturing. In detail, this covers manufacture of basic metals.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing24Manufacture of basic metals

To see the full business activity and turnover split of Man Industries (India) Limited, buy the company report.

Financials of Man Industries (India) Limited

FY 2025-26 filings available

Man Industries (India) Limited reported revenue of ₹3,563.9 Cr (up 1.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,564 Cr
+1.7% YoY
EBITDA
₹439 Cr
+45.8% YoY
Profit After Tax
₹170 Cr
+13.1% YoY
Net Worth
₹2,087 Cr
+29.8% YoY
Total Assets
₹2,724 Cr
+30.3% YoY
Total Debt
₹628 Cr
+31.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,5643,5053,1422,2312,1392,0801,759
Revenue growth+1.7%+11.6%+40.8%+4.3%+2.8%+18.2%-
EBITDA439301241137181205165
EBITDA margin+12.3%+8.6%+7.7%+6.1%+8.4%+9.9%+9.4%
Profit before tax23720814489.4613513765.27
Net profit17015110258.4210110057.16
Net profit margin+4.8%+4.3%+3.3%+2.6%+4.7%+4.8%+3.3%
EPS (₹)23.6523.6616.2411.1517.1717.669.72
Balance sheet
Total assets2,7242,0911,7351,4391,0041,1361,045
Net worth2,0871,6071,4051,132942835746
Total debt62847632630156.95296294
Cash & bank657379255170240102222
Net working capital1,1921,064717760426583423
Cash flow
Cash from operations47273.09345(120)451(59.89)214
Cash from investing(594)(111)(279)(135)(119)4.26(46.34)
Cash from financing13624.5286.03211(267)(63.10)(36.86)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0531,1578308347421,218732806
Revenue growth (YoY)+41.9%-5.0%+13.5%+3.5%-0.9%---
Other income11.838.218.34(19.29)31.4915.465.5410.73
EBITDA14314012812149.1212178.7363.73
EBITDA margin+13.6%+12.1%+15.4%+14.5%+6.6%+9.9%+10.8%+7.9%
Depreciation29.8422.6821.4922.1712.5810.5311.2410.77
Interest39.9652.2738.1930.2129.7734.9426.1720.88
Profit before tax85.4572.9776.2949.4338.2691.1946.8642.81
Tax24.0222.1221.2512.4510.6423.0412.7410.95
Net profit61.4350.8555.0436.9827.6268.1534.1231.86
EPS (₹)8.067.007.514.684.138.825.164.74
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,4553,1183,0802,0922,0942,0751,759
Revenue growth+10.8%+1.2%+47.2%-0.1%+0.9%+18.0%-
EBITDA440242230136180205164
EBITDA margin+12.7%+7.8%+7.5%+6.5%+8.6%+9.9%+9.3%
Profit before tax26318614989.6513513663.73
Net profit19613510758.6310099.8055.60
Net profit margin+5.7%+4.3%+3.5%+2.8%+4.8%+4.8%+3.2%
EPS (₹)26.7221.1816.9511.1917.1117.629.45
Balance sheet
Total assets2,4651,7961,6051,3121,0101,1421,051
Net worth1,9221,4191,2781,003940833745
Total debt53537132330364.42303301
Cash & bank490288227162237102222
Net working capital916744542541415563402
Cash flow
Cash from operations29378.33309(112)438(59.78)213
Cash from investing(540)(18.93)(260)(126)(109)4.23(46.32)
Cash from financing183(76.54)83.17187(267)(63.37)(35.99)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0101,157804782713850731805
Revenue growth (YoY)+41.6%+36.0%+10.0%-2.9%-2.6%---
Other income18.4717.6013.47(12.84)35.0037.2214.668.78
Total expenses8711,003677670667786659736
EBITDA13915412711245.6564.3872.1768.86
EBITDA margin+13.7%+13.3%+15.8%+14.3%+6.4%+7.6%+9.9%+8.6%
Depreciation20.8621.5720.4921.4612.0310.0110.6710.43
Interest32.0755.0837.8130.0729.6534.7325.9020.94
Profit before tax10494.6781.7347.7238.9756.8650.2646.27
Tax26.4524.4620.8312.129.8416.5312.6511.21

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0531,1578308347421,218732806
Revenue growth (YoY)+41.9%-5.0%+13.5%+3.5%-0.9%---
Other income11.838.218.34(19.29)31.4915.465.5410.73
EBITDA14314012812149.1212178.7363.73
EBITDA margin+13.6%+12.1%+15.4%+14.5%+6.6%+9.9%+10.8%+7.9%
Depreciation29.8422.6821.4922.1712.5810.5311.2410.77
Interest39.9652.2738.1930.2129.7734.9426.1720.88
Profit before tax85.4572.9776.2949.4338.2691.1946.8642.81
Tax24.0222.1221.2512.4510.6423.0412.7410.95
Net profit61.4350.8555.0436.9827.6268.1534.1231.86
EPS (₹)8.067.007.514.684.138.825.164.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,5643,5053,1422,2312,1392,0801,759
Revenue growth+1.7%+11.6%+40.8%+4.3%+2.8%+18.2%-
Other income28.5951.8252.0539.0337.0830.7916.55
Total expenses3,1253,2042,9012,0941,9581,8751,594
Employee cost0.0077.0668.8159.9454.1254.8955.92
EBITDA439301241137181205165
EBITDA margin+12.3%+8.6%+7.7%+6.1%+8.4%+9.9%+9.4%
Depreciation78.9245.2561.0945.5045.4046.3852.32
Interest15299.6387.8341.0337.3052.8064.42
Profit before tax23720814489.4613513765.27
Tax66.4655.1839.1622.4133.3935.859.75
Net profit17015110258.4210110057.16
Net profit margin+4.8%+4.3%+3.3%+2.6%+4.7%+4.8%+3.3%
EPS (₹)23.6523.6616.2411.1517.1717.669.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital37.5032.3732.3730.0529.5928.5528.55
Reserves & surplus2,0391,5631,3611,102911806718
Shareholders' funds (net worth)2,0871,6071,4051,132942835746
Minority interest0.000.000.000.000.000.000.00
Secured loans29937928829449.36284278
Unsecured loans32997.1737.797.057.5911.7015.34
Total debt62847632630156.95296294
Total liabilities2,7242,0911,7351,4391,0041,1361,045
Assets
Gross block1,3751,075995892620593578
Net block864643605553318337368
Capital work in progress32613330.5414.4519.881.013.56
Investments70.7725.952280.32102103102
Inventories1,5351,269646407318332380
Sundry debtors1,010896355494544656450
Cash & bank balances657379255170240102222
Loans & advances26018111686.02116118127
Total current assets3,4622,7251,3721,1571,2191,2081,178
Total current liabilities2,2711,661654397793624755
Net working capital1,1921,064717760426583423
Total assets2,7242,0911,7351,4391,0041,1361,045
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17518936.9782.0717.291364.92
Net cash from operating activities47273.09345(120)451(59.89)214
Net cash from investing activities(594)(111)(279)(135)(119)4.26(46.34)
Net cash from financing activities13624.5286.03211(267)(63.10)(36.86)
Net change in cash14.29(13.69)152(45.10)64.65(119)131
Closing cash657379255170240102222
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1.7%+11.6%+40.8%+4.3%+2.8%+18.2%-
EBITDA growth+45.8%+25.0%+76.1%-24.2%-12.0%+24.0%-
PBT growth+13.7%+44.4%+61.3%-33.7%-1.3%+109.4%-26.2%
Net income growth+13.1%+47.3%+75.2%-42.0%+0.6%+75.0%-
Revenue CAGR (3Y)+16.9%+17.9%+14.7%+8.3%-1.3%+9.0%+18.4%
EBITDA CAGR (3Y)+47.5%+18.6%+5.6%-6.1%+0.5%+19.3%+50.7%
Profitability & leverage
Net income margin+4.8%+4.4%+3.4%+3.0%+4.8%+4.9%+3.2%
Return on capital employed-+16.1%+14.6%+9.7%+16.1%+17.4%+13.0%
Return on net worth-+10.2%+8.3%+5.6%+11.4%+12.8%+7.7%
Debt / equity-0.270.250.170.200.370.37
Long-term debt / equity-0.100.110.070.010.020.05
Interest cover42.1938.9048.7744.8627.5933.2756.94
Efficiency & per share
Fixed asset turnover-3.383.332.953.533.553.10
Inventory turnover-3.665.976.156.585.855.90
Debtors turnover-5.607.404.303.563.763.50
EPS (₹)23.6523.6616.2411.1517.1717.669.72
Dividend per share (₹)0.000.002.002.000.002.001.00
Book value per share (₹)0.00246.51215.25188.39158.95146.21130.70
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0101,157804782713850731805
Revenue growth (YoY)+41.6%+36.0%+10.0%-2.9%-2.6%---
Other income18.4717.6013.47(12.84)35.0037.2214.668.78
Total expenses8711,003677670667786659736
EBITDA13915412711245.6564.3872.1768.86
EBITDA margin+13.7%+13.3%+15.8%+14.3%+6.4%+7.6%+9.9%+8.6%
Depreciation20.8621.5720.4921.4612.0310.0110.6710.43
Interest32.0755.0837.8130.0729.6534.7325.9020.94
Profit before tax10494.6781.7347.7238.9756.8650.2646.27
Tax26.4524.4620.8312.129.8416.5312.6511.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,4553,1183,0802,0922,0942,0751,759
Revenue growth+10.8%+1.2%+47.2%-0.1%+0.9%+18.0%-
Other income53.0786.0366.2140.1837.1830.7916.51
Total expenses3,0162,8762,8501,9571,9141,8701,595
Employee cost0.0072.7367.2257.9853.1154.1253.96
EBITDA440242230136180205164
EBITDA margin+12.7%+7.8%+7.5%+6.5%+8.6%+9.9%+9.3%
Depreciation75.5443.2760.4845.1445.2246.3752.31
Interest15499.1287.0641.0237.3052.8064.42
Profit before tax26318614989.6513513663.73
Tax67.2348.3838.8322.3833.3935.859.75
Net profit19613510758.6310099.8055.60
Net profit margin+5.7%+4.3%+3.5%+2.8%+4.8%+4.8%+3.2%
EPS (₹)26.7221.1816.9511.1917.1117.629.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital37.5032.3732.3730.0529.5928.5528.55
Reserves & surplus1,8751,3751,234973909804716
Shareholders' funds (net worth)1,9221,4191,2781,003940833745
Secured loans23527428829449.36284278
Unsecured loans30097.5434.699.6915.0619.0122.93
Total debt53537132330364.42303301
Total liabilities2,4651,7961,6051,3121,0101,1421,051
Assets
Gross block1,189929892821614593578
Net block683499504483313337368
Capital work in progress26.4293.7730.593.0815.801.013.56
Investments271216368136133133133
Inventories1,212932352107305332380
Sundry debtors953886342485540635427
Cash & bank balances490288227162237102222
Loans & advances313286273178121118127
Total current assets2,9682,3921,1949321,2041,1871,155
Total current liabilities2,0521,649651391789624753
Net working capital916744542541415563402
Total assets2,4651,7961,6051,3121,0101,1421,051
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash14316128.4179.1517.001364.89
Net cash from operating activities29378.33309(112)438(59.78)213
Net cash from investing activities(540)(18.93)(260)(126)(109)4.23(46.32)
Net cash from financing activities183(76.54)83.17187(267)(63.37)(35.99)
Net change in cash(64.65)(17.13)132(50.74)62.15(119)131
Closing cash490288227162237102222
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.8%+1.2%+47.2%-0.1%+0.9%+18.0%-
EBITDA growth+81.8%+5.2%+69.5%-24.6%-12.2%+25.0%-
PBT growth+41.8%+24.9%+65.7%-33.4%-1.4%+114.2%-26.7%
Net income growth+45.4%+25.4%+83.2%-41.5%+0.5%+79.5%-
Revenue CAGR (3Y)+18.2%+14.2%+14.1%+6.0%-1.9%+9.7%+18.4%
EBITDA CAGR (3Y)+48.0%+10.4%+3.9%-6.1%+0.6%+19.8%+53.2%
Profitability & leverage
Net income margin+5.7%+4.4%+3.6%+3.2%+4.8%+4.9%+3.1%
Return on capital employed-+16.7%+16.2%+10.3%+16.0%+17.3%+12.8%
Return on net worth-+10.2%+9.6%+6.0%+11.4%+12.8%+7.5%
Debt / equity-0.260.270.190.210.380.38
Long-term debt / equity-0.110.120.070.010.020.05
Interest cover42.3449.9151.3945.3327.6833.3157.70
Efficiency & per share
Fixed asset turnover-3.423.602.923.473.553.10
Inventory turnover-4.8613.4210.146.575.845.90
Debtors turnover-5.087.454.083.563.913.67
EPS (₹)26.7221.1816.9511.1917.1117.629.45
Dividend per share (₹)0.000.002.002.000.002.001.00
Book value per share (₹)0.00217.40195.65166.85158.61145.87130.39

To see the full year-wise statements and ratios of Man Industries (India) Limited, buy the company report.

Board of directors of Man Industries (India) Limited

Man Industries (India) has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rameshchandra Mansukhani
Also directs: Man Stainless Steel Tubes Limited, Man Offshore and Drilling Limited
Whole-Time Director26 Sep 200818 Years 1 MonthsCurrent
Renu Purshottam Jalan
Also directs: Man Stainless Steel Tubes Limited, Merino Shelters Private Limited
Director08 Mar 20188 Years 8 MonthsCurrent
Nikhil Rameshchandra Mansukhani
Also directs: Man Stainless Steel Tubes Limited, Man Offshore and Drilling Limited, Man Resources LLP and 2 more
Managing Director23 Nov 201114 Years 11 MonthsCurrent
Narendra Mairpady
Also directs: Kesar Enterprises Limited, Ipca Laboratories Limited, Saatvik Green Energy Limited and 5 more
Director23 Feb 20215 Years 8 MonthsCurrent
Esha Padmanabhan Achan
Also directs: Rossari Biotech Limited, Meganet Technologies Global Limited
Director13 Nov 20250 Years 11 MonthsCurrent
Rabi Narayan Bastia
Also directs: Man Stainless Steel Tubes Limited, Anirit Agro Hub LLP, Parivartan Energytech LLP and 3 more
Director05 Feb 20242 Years 9 MonthsCurrent
View all directors

Auditor

Man Industries (India) Limited is audited by A Sachdev & Co for the financial year 2025.

Auditor firmFinancial yearFirm registration number
A Sachdev & CoFY 2025001307C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 43.20%, foreign institutional investors hold 2.90%, domestic institutional investors hold 1.40% and retail and other public shareholders hold 52.50%.

Promoters: 43.20%DII (Domestic Institutional): 1.40%FII (Foreign Institutional): 2.90%Retail & Others: 52.50%
Sep 2026
QUARTER
43.20% Promoters
1.40% DII (Domestic Institutional)
2.90% FII (Foreign Institutional)
52.50% Retail & Others
Promoter holding - history
Now 43.20% · Sep 2026High 43.20% · Dec 2025Low 43.20% · Dec 2025
42%42.8%43.5%44.3%45%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 43.20%Mar 2026: 43.20%Jun 2026: 43.20%Sep 2026: 43.20%43.20%43.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters43.20%43.20%43.20%43.20%
Public56.80%56.80%56.80%56.80%

Charges & borrowings

Open charges
₹3,811.92 Cr
Satisfied charges
₹5,667.99 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹3,309.00 Cr
Others₹390.00 Cr
Indian Overseas Bank₹110.00 Cr
Axis Bank Limited₹2.92 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Sep 2026101397731Idbi Trusteeship Services Limited₹200 CrOpen
05 Jun 2026101320000Indian Overseas Bank₹110 CrOpen
07 Apr 2026101295385Others₹100 CrOpen
17 Feb 2026101253028Others₹140 CrOpen
28 May 2025101113034Others₹150 CrOpen

To see the full charge records of Man Industries (India) Limited, buy the company report.

Total charge records: 56 View all charges

Deals & funding

Man Industries (India) Limited has 90 deals on record (83 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹311.5 Cr; the latest was in February 2026.

Total deals
90
Market trades
83
Funding rounds
4
Secondary share transfers
3
Disclosed funding
₹311.5 Cr

Deals on record (5 of 90)

WhenDealAmountParties
Feb 2026Market trade₹95.32 CrBuyer: NK Securities Research Private Limited , Microcurves Trading Private Limited , Junomoneta Finsol Private Limited
Seller: NK Securities Research Private Limited , Microcurves Trading Private Limited , Junomoneta Finsol Private Limited
Sep 2025Market trade₹30.46 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Sep 2025Market trade₹14.31 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Nov 2023Market trade₹12.54 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Sep 2023Market trade₹6.08 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP

To see the full deal history of Man Industries (India) Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Man Industries (India) Limited was last rated by Crisil on 12 Nov 2020.

Rating agencyRated onRating
Crisil12 Nov 2020

To see the full credit ratings and regulatory alerts of Man Industries (India) Limited, buy the company report.

MSME payment delays

Man Industries (India) Limited has 50 MSME Form 1 returns on record between 2017 and 2024, listing 2,990 overdue payments to 352 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 352)

SupplierAmount dueDue sinceReported on
Premier People Logistic Solutions Private Limited
M J Enterprises
an individual supplier
an individual supplier
Kataria Transport & Co

To see the full MSME payment records of Man Industries (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Man Industries (India) has 3 subsidiary companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.

3
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Man Stainless Steel Tubes LimitedU27200MH2021PLC368271
Man Offshore and Drilling LimitedU29100MH2021PLC368085
Merino Shelters Private LimitedU45200MH2005PTC155215

To see the full group structure of Man Industries (India) Limited, buy the company report.

Employees & EPFO

Man Industries (India) Limited has a workforce of 86 employees on its EPFO records as of Sep 24, 2025, across 2 active EPFO establishments.

Employee count
86
Active EPFO establishments
2
Employee growth
28.36%

GST

Man Industries (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Man Industries (India) Limited, buy the company report.

Recent activity

Man Industries (India) Limited has 42 board changes on record since 1989: 24 appointments and 18 cessations. The latest: Esha Padmanabhan Achan was appointed as Director on 13 Nov 2025.

AGM
Man Industries (India) Limited last Annual general meeting of members was held on 25 Sep 2026 as per latest MCA records.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 200.00 Cr with Charge ID 101397731 was registered on 18 Sep 2026.
Charges
A charge registered on 29 Oct 2024 via Charge ID 101006023 with Others was fully satisfied on 15 Jul 2026.
Charges
A charge with Indian Overseas Bank amounted to Rs. 110.00 Cr with Charge ID 101320000 was registered on 05 Jun 2026.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101295385 was registered on 07 Apr 2026.
Filing
Man Industries (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 140.00 Cr with Charge ID 101253028 was registered on 17 Feb 2026.
Appointed
Esha Padmanabhan Achan was appointed as Director.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101113034 was registered on 28 May 2025.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 880.00 Cr registered on 16 Dec 2024 with Charge ID 101016739 was modified on 31 Mar 2025.
Ceased
Heena Vinay Kalantri ceased to be Director.
Charges
A charge registered on 28 Jan 2021 via Charge ID 100432130 with Hdfc Bank Limited was fully satisfied on 05 Feb 2025.

152 earlier events are in the company report.

News

Frequently asked questions

Man Industries (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 19 May 1988 (38+ years old) and is registered under CIN L99999MH1988PLC047408. Listed on BSE: 513269 and NSE: MANINDS.

Man Industries (India) reported revenue of ₹3,563.9 Cr for FY 2025-26 (up 1.7% YoY) based on consolidated financials.

Man Industries (India) has 6 current directors:

The latest financial statements of Man Industries (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2026. Year-wise statements from 2015 are in the company report.

No. Man Industries (India) has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Man Industries (India) is L99999MH1988PLC047408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Man Industries (India) is a listed company as per MCA records. Its shares are listed on both BSE (code: 513269) and NSE (symbol: MANINDS).

Man Industries (India) has 323 court cases on record: 162 filed by the company and 162 filed against it. 71 are pending. Most are in the high courts.

Man Industries (India) was incorporated on 19 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.

Man Industries (India) has 90 deals on record (83 market trades, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹311.5 Cr; the latest was in February 2026.

Esha Padmanabhan Achan was appointed as Director on 13 Nov 2025. Heena Vinay Kalantri ceased to be Director on 31 Mar 2025. Ashok Kumar Gupta ceased to be CFO on 31 Mar 2024. Man Industries (India) has 42 board changes on record in total.