MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-18-0001162
Mangala Associates Private Limited - metals and minerals in Barbil, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹68.55 Cr
▼ 21% YoY
Net profit · FY 2024
₹44.57 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹10.43 Cr
EBITDA margin 15.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹1.01 Cr
Issued & subscribed
Open charges
₹119.18 Cr
Satisfied ₹16.2 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
525
Provident fund records
About Mangala Associates Private Limited
Data last updated:
Mangala Associates Private Limited is a private limited company based in Barbil, Odisha, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 20 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U51103OR2012PTC016237. Its GSTIN is 21AAICM3102G1Z5 (Odisha).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors Kiran Dube and Pravesh Pandey.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O – Raj Kumar Yadav Station Road, Barbil, Odisha, India – 758035.
As per the financials filed for FY 2024, the company reported a revenue of ₹68.55 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹44.57 Lakh (net margin 0.7%) and EBITDA of ₹10.43 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 27% over five years.
The company has about 525 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹119.18 Cr and satisfied charges of ₹16.2 Cr on record. Court records list 11 cases involving the company, including 1 filed by the company and 10 filed against it; 11 cases are pending.
Mangala Associates Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-18-0001162). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website naplgroup.co.in.
Company Details of Mangala Associates Private Limited
CIN U51103OR2012PTC016237
Registration Number 016237
Incorporation Date 20 November 2012
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-18-0001162
Key People
Kiran Dube Director Pravesh Pandey Director Recognitions & Rankings of Mangala Associates
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC/O – Raj Kumar Yadav Station Road, Barbil, Odisha, India – 758035
- IndustryMetals and Minerals, Mining & Mineral Extraction
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Business Activity of Mangala Associates Private Limited
The main business activity of Mangala Associates is mining and quarrying. In detail, this covers mining support services activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| B | Mining and quarrying | B5 | Mining Support Services activities | 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 Mangala Associates Private Limited FY 2024 filings available
Mangala Associates Private Limited reported revenue of ₹68.55 Cr (down 21% YoY) for FY 2024.
Revenue · FY 2024
₹68.55 Cr ▼ 21%
Net profit · FY 2024
₹44.57 Lakh margin 0.7%
EBITDA · FY 2024
₹10.43 Cr margin 15.2%
Compounded Annual Growth Rate (CAGR) of Mangala Associates Private Limited
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 5%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▼ 10%
5 years · compounded
▲ 18%
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA rose 3% 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 Mangala Associates Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.43 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹44.57 Lakh | •••• | •••• | •••• | •••• |
| 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 Mangala Associates Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 Mangala Associates 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 Mangala Associates Private Limited
Mangala Associates has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Dube | Director | 20 Nov 2012 | 13 Years 10 Months | Current |
| Pravesh Pandey Also directs: Mangala Bhoomi Associates Private Limited | Director | 20 Nov 2012 | 13 Years 10 Months | Current |
Peer Comparison of Mangala Associates Private Limited
Mangala Associates Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Mining). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naaraayani Minerals Private Limited | ₹70.73 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Seraikelakharsawan, Jharkhand, India |
| Stone Empire Private Limited | ₹69.99 Cr (FY 2025) | •••• | •••• | 105.0% | •••• | Jaipur, Rajasthan, India |
| Durga Buildwell Private Limited | ₹69.81 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Usha Microns Private Limited | ₹69.66 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Udaipur, Rajasthan, India |
| Tridev Engicon Private Limited | ₹69.33 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Deoghar, Jharkhand, India |
| Mangala Associates Private Limited this company | ₹68.55 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Barbil, Odisha, India |
| Isl Mining Private Limited | ₹67.34 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| Aarden Stone Mart Private Limited | ₹67.22 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kota, Rajasthan, India |
| Boulder Stone Mart Private Limited | ₹67.2 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kota, Rajasthan, India |
| Rawmin Mining and Industries Private Limited | ₹66.93 Cr (FY 2025) | •••• | •••• | 161.0% | •••• | Mumbai, Maharashtra, India |
| Sainik Infratec Private Limited | ₹66.13 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mangala Associates by revenue in the Metals and Minerals industry (Mining), 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 Mangala Associates Private Limited
Mangala Associates Private Limited is audited by CHAMPS AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHAMPS AND ASSOCIATES | 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 Mangala Associates 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 Mangala Associates Private Limited
Open charges
₹119.18 Cr
Satisfied charges
₹16.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Feb 2025 | Others | ₹16 Lakh | Open |
| 31 Jan 2025 | Others | ₹16 Lakh | Open |
| 31 Jan 2025 | Others | ₹10 Lakh | Open |
| 30 Jan 2025 | Others | ₹15 Cr | Open |
| 24 Sep 2024 | Others | ₹1.4 Cr | Open |
Total charge records: 62 View all charges
Legal Cases of Mangala Associates Private Limited
Mangala Associates Private Limited has 11 court cases on record: 1 filed by Mangala Associates, 10 filed against it. All cases are pending. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
11
Filed by the company
1
Filed against the company
10
Pending
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 10 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Idfc First Bank Limited | Pending |
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed against the company by Tata Capital Limited | Pending |
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
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Full case history
All 11 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.
Employees and EPFO Compliance at Mangala Associates Private Limited
Mangala Associates Private Limited has a workforce of 525 employees as of Apr 01, 2024.
Employee count
525
Active EPFO establishments
1
Employee growth
-28.86%
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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 Mangala Associates Private Limited
Mangala Associates Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Ajay Shankar Dube ceased to be Director on 22 Nov 2024.
Charges
A charge registered on 14 Feb 2017 via Charge ID 100093355 with Axis Bank Limited was fully satisfied on 24 Mar 2025.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101047962 was registered on 11 Feb 2025.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101044839 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 101044138 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101064836 was registered on 30 Jan 2025.
Ceased
Ajay Shankar Dube ceased to be Director.
Ceased
Dharmanshu Pandey ceased to be Director.
AGM
Mangala Associates Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 100995201 was registered on 24 Sep 2024.
Charges
A charge with Others amounted to Rs. 4.80 Cr with Charge ID 100971751 was registered on 02 Sep 2024.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100965749 was registered on 22 Aug 2024.
Charges
A charge with Others amounted to Rs. 1.30 Cr with Charge ID 100956810 was registered on 12 Jul 2024.
59 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mangala Associates Private Limited
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MSME Payment Delays by Mangala Associates Private Limited
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Subsidiaries & Group Companies of Mangala Associates Private Limited
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GST Compliance of Mangala Associates Private Limited
Mangala Associates has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAICM3102G1Z5 | Odisha | Active | 01 Jul 2017 |
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MCA Filings & Documents of Mangala Associates Private Limited
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Frequently Asked Questions about Mangala Associates Private Limited
Mangala Associates is an active private limited company based in Barbil, Odisha, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 20 November 2012 (14+ years old) and is registered under CIN U51103OR2012PTC016237.
Mangala Associates reported revenue of ₹68.55 Cr for FY 2024 (down 21% YoY).
Mangala Associates has 2 current directors:
- Kiran Dube - Director
- Pravesh Pandey - Director
Mangala Associates reported a net profit of ₹44.57 Lakh (net margin 0.7%) and EBITDA of ₹10.43 Cr (EBITDA margin 15.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mangala Associates is -5% over three years and 27% over five years. In the latest year (FY 2024) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mangala Associates is 21AAICM3102G1Z5, registered in Odisha.
The CIN (Corporate Identification Number) of Mangala Associates is U51103OR2012PTC016237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mangala Associates has 11 court cases on record: 1 filed by the company and 10 filed against it. 11 are pending. Most are in the district courts.
Mangala Associates was incorporated on 20 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Mangala Associates by revenue are Naaraayani Minerals Private Limited, Stone Empire Private Limited, Durga Buildwell Private Limited, Usha Microns Private Limited, Tridev Engicon Private Limited and 5 more, all in the Metals and Minerals industry (Mining).
Ajay Shankar Dube ceased to be Director on 22 Nov 2024. Dharmanshu Pandey ceased to be Director on 21 Nov 2024. Kiran Dube was appointed as Director on 20 Nov 2012. Mangala Associates has 4 board changes on record in total.