Mandvi Salts Private Limited
About Mandvi Salts Private Limited
Data last updated:
Mandvi Salts Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the water utilities and services segment of the utilities sector. It was incorporated on 13 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60200MH2008PTC180047. Its GSTIN is 24AAFCM4923L2ZB (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹26.25 Lakh and a paid-up capital of ₹21.25 Lakh. It is led by directors Dharma Karwasra Ram and Sushil Kumar Pare.
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 Flat No. 1404 Plot No. B – 29 Silver Arch Shastri Nagar Andheri(West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2020, the company reported a revenue of ₹86.29 Lakh, a growth of 113% compared to the previous year. For the same year it recorded a net profit of ₹28.84 Lakh (net margin 33.4%) and EBITDA of ₹41.81 Lakh (EBITDA margin 48.5%). Revenue has grown at a compounded annual rate (CAGR) of 491% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mandvi Salts has one previous CIN (Corporate Identification Number): U74900MH2008PTC180047. The current CIN is U60200MH2008PTC180047, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60200MH2008PTC180047 | Current |
| U74900MH2008PTC180047 | Previous |
Contact details
Mandvi Salts Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No. 1404 Plot No. B – 29 Silver Arch Shastri Nagar Andheri(West), Mumbai, Maharashtra, India – 400053
- IndustryUtilities, Water Utilities & Services
To see the full contact details of Mandvi Salts Private 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
Financials of Mandvi Salts Private Limited
FY 2025 filings availableMandvi Salts Private Limited reported revenue of ₹86.29 Lakh (up 113% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 491% over three years, including 113% growth 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹86.29 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹41.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.84 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Investments | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 48.5% | ||||
| Net Profit Margin | 33.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mandvi Salts Private Limited, buy the company report.
Board of directors of Mandvi Salts Private Limited
Mandvi Salts has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharma Karwasra Ram | Director | 14 Dec 2022 | 3 Years 10 Months | Current |
| Sushil Kumar Pare Also directs: Rajputana Steel Distribution Private Limited, Elegence Technological Maintenance LLP, Bhimasar Projects LLP and 5 more | Additional Director | 18 Feb 2026 | 0 Years 8 Months | Current |
Auditor
Mandvi Salts Private Limited is audited by GUPTA AND ASHOK for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA AND ASHOK | FY 2017 | 002254C |
Shareholding
The shareholding of Mandvi Salts Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mandvi Salts Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mandvi Salts Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mandvi Salts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mandvi Salts has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
Mandvi Salts has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM4923L2ZB | Gujarat | Active | 11 Jul 2018 |
To see the full GST registrations and return filing status of Mandvi Salts Private Limited, buy the company report.
Recent activity
Mandvi Salts Private Limited has 6 board changes on record since 2008: 3 appointments and 3 cessations. The latest: Sushil Kumar Pare was appointed as Additional Director on 18 Feb 2026.
Frequently asked questions
Mandvi Salts is an active private limited company based in Mumbai, Maharashtra, India. The company works in water utilities and services, within the utilities industry. It was incorporated on 13 March 2008 (18+ years old) and is registered under CIN U60200MH2008PTC180047.
Mandvi Salts has 2 current directors:
- Dharma Karwasra Ram - Director
- Sushil Kumar Pare - Additional Director
The latest financial statements of Mandvi Salts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mandvi Salts is 24AAFCM4923L2ZB, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mandvi Salts is U60200MH2008PTC180047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mandvi Salts was incorporated on 13 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Sushil Kumar Pare was appointed as Additional Director on 18 Feb 2026. Dharma Karwasra Ram ceased to be Additional Director on 29 Sep 2023. Dharma Karwasra Ram was appointed as Director on 14 Dec 2022. Mandvi Salts has 6 board changes on record in total.
The registered office of Mandvi Salts is at Flat No. 1404 Plot No. B – 29 Silver Arch Shastri Nagar AndheriWest, Mumbai, Maharashtra, India – 400053.
Mandvi Salts operates in the utilities industry, in the water utilities and services segment.
The compliance status of Mandvi Salts is compliant as of 29 September 2026. The company is actively filing with the Registrar of Companies.
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