About Mangalore Sez Limited
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Mangalore Sez Limited is a public limited company based in Mangalore, Karnataka, India. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 24 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45209KA2006PLC038590. Its GSTIN is 29AAECM8545K1ZV (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹425 Cr and a paid-up capital of ₹50 Cr. It is led by directors including Inutri Srinivas Nagesh Prasad and Nalini Padmanabhan.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sy.No 168/3A Plot No U – 1 Administrative Building Mangalore Special Economic Zone Bajpe V, Illage, Karnataka, India – 574142.
As per the financials filed for FY 2025, the company reported a revenue of ₹214.59 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹42.34 Cr (net margin 19.7%) and EBITDA of ₹107.45 Cr (EBITDA margin 50.1%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company has about 44 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Mangalore SEZ Limited and Mangalore SEZ. As per MCA filings, the company has open charges of ₹585 Cr and satisfied charges of ₹1,284.63 Cr on record. Court records list 46 cases involving the company, including 15 filed by the company and 31 filed against it; 9 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹49.93 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mangaloresez.com.
Company details
Contact details
Mangalore Sez Limited's registered office is in Mangalore, Karnataka. Its website is mangaloresez.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSy.No 168/3A Plot No U – 1 Administrative Building Mangalore Special Economic Zone Bajpe V, Illage, Karnataka, India – 574142
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
To see the full contact details of Mangalore Sez 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
Mangalore Sez operates two associated brands: Mangalore SEZ Limited and Mangalore SEZ. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure facilities for industrial units are developed in Mangalore SEZ. | mangaloresez.com | |
| Special economic zone management, user dashboard services, and account handling in Mangalore. | msezl.com |
Business activity
The main business activities of Mangalore Sez are water supply, sewerage and waste management, electricity, gas, steam and air condition supply and construction. In detail, this covers water collection, treatment and supply, electric power generation, transmission and distribution and demolition & site preparation, electrical, plumbing & other specialized construction activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Mangalore Sez Limited, buy the company report.
Financials of Mangalore Sez Limited
FY 2025 filings availableMangalore Sez Limited reported revenue of ₹214.59 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 14% growth in the latest year. EBITDA rose 22% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹214.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹107.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42.34 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.1% | ||||
| Net Profit Margin | 19.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mangalore Sez Limited, buy the company report.
Board of directors and KMP of Mangalore Sez Limited
Mangalore Sez Limited currently reports 10 directors and 2 key managerial personnel. 61 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baiju | Nominee Director | 12 Sep 2021 | 5 Years 1 Months | Current |
| Suryanarayana Velnati Also directs: Msez Power Limited, Mangalore STP Limited | Ceo | 19 May 2019 | 7 Years 5 Months | Current |
| Inutri Srinivas Nagesh Prasad Also directs: Bangalore International Airport Limited, Science Gallery Bengaluru | Director | 11 Jul 2025 | 1 Years 3 Months | Current |
| Nalini Padmanabhan | Director | 21 Apr 2022 | 4 Years 6 Months | Current |
| Ravi Brijmohan Sikeriya Also directs: Il&Fs Airports Limited | Nominee Director | 26 Oct 2021 | 5 Years 0 Months | Current |
| Ashok Kumar | Nominee Director | 04 May 2024 | 2 Years 6 Months | Current |
Auditor
Mangalore Sez Limited is audited by RAY & RAY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAY & RAY | FY 2023 | 301072E |
Shareholding
The shareholding of Mangalore Sez Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mangalore Sez Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2016 | 100072350 | Sbicap Trustee Company Limited | ₹585 Cr | Satisfied | |
| 17 Sep 2012 | 10380961 | Indian Overseas Bank | ₹699.63 Cr | Satisfied |
To see the full charge records of Mangalore Sez Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Mangalore Sez Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹49.93 Cr; the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Mangalore Refinary And Petrochemicals Limited Seller: Ongc Mangalore Petrochemicals Limited |
| Mar 2007 | Funding round | ₹49.93 Cr | Investors: Infrastructure Leasing & Financial Services Limited, Oil and Natural Gas Corporation Limited , Karnataka Industrial Areas Development Board |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mangalore Sez Limited has 46 court cases on record: 15 filed by Mangalore Sez, 31 filed against it. 9 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 26 | 6 |
| District courts | 10 | 5 | 2 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Emami Agrotech Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Cardolite Specialty Chemicals India LLP | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by M/S RPP Infra Projects Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Opto Infrastructure Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Mangalore Sez 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
Mangalore Sez Limited was last rated by Care on 03 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Jan 2022 |
To see the full credit ratings and regulatory alerts of Mangalore Sez Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mangalore Sez Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mangalore Sez has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Msez Power Limited | U40104KA2014PLC077363 | |
| Mangalore STP Limited | U90009KA2011PLC057826 |
To see the full group structure of Mangalore Sez Limited, buy the company report.
Employees & EPFO
Mangalore Sez Limited has a workforce of 44 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Mangalore Sez has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM8545K1ZV | Karnataka | Active | 01 Jul 2017 |
| 29AAECM8545K2ZU | Karnataka | Active | 05 Jan 2018 |
To see the full GST registrations and return filing status of Mangalore Sez Limited, buy the company report.
Recent activity
Mangalore Sez Limited has 69 board changes on record since 2007: 12 appointments and 57 cessations. The latest: Anandha Kumar was appointed as Nominee Director on 16 Jul 2026.
66 earlier events are in the company report.
Frequently asked questions
Mangalore Sez is an active public limited company based in Mangalore, Karnataka, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 24 February 2006 (20+ years old) and is registered under CIN U45209KA2006PLC038590.
Mangalore Sez has 12 current directors and KMP:
- Baiju - Nominee Director
- Inutri Srinivas Nagesh Prasad - Director
- Nalini Padmanabhan - Director
- Ravi Brijmohan Sikeriya - Nominee Director
- Ashok Kumar - Nominee Director
- Sujir Yogish Nayak - Nominee Director
- Vivek Chandrakant Tongaonkar - Nominee Director
- Anupam Agarwal - Nominee Director
- Poonjamogru Bandasale Ahmedmudassar - Nominee Director
- Anandha Kumar - Nominee Director
- Suryanarayana Velnati - Ceo
- Ramesh Subramanyan Kalpathy - Cfo
The latest financial statements of Mangalore Sez on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mangalore Sez is 29AAECM8545K1ZV, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAECM8545K2ZU (Karnataka).
The CIN (Corporate Identification Number) of Mangalore Sez is U45209KA2006PLC038590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mangalore Sez has 46 court cases on record: 15 filed by the company and 31 filed against it. 9 are pending. Most are in the high courts.
Mangalore Sez was incorporated on 24 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Mangalore Sez has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹49.93 Cr; the latest was in March 2023.
Anandha Kumar was appointed as Nominee Director on 16 Jul 2026. Anupam Agarwal was appointed as Nominee Director on 16 Jul 2026. Poonjamogru Bandasale Ahmedmudassar was appointed as Nominee Director on 15 Jan 2026. Mangalore Sez has 69 board changes on record in total.
Mangalore Sez can be reached through the website mangaloresez.com. Its registered office is in Mangalore, Karnataka, India.
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