Manipal Industries Limited
About Manipal Industries Limited
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Manipal Industries Limited is a public limited company based in Karnataka, India. It operates in the building construction segment of the construction sector. It was incorporated on 23 September 1961 and has been in existence for over 65 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA1961PLC001430. Its GSTIN is 29AABCM2210N1ZI (Karnataka).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹1.74 Cr. It is led by directors including Rajesh Thonse Pai and Udupi Badakillaya Rao Krishnaraj.
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 Registered Officemanipal House Manipal, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.02 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹81.2 Lakh (net margin 1.2%) and EBITDA of ₹1.41 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 6% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.86 Cr on record. Court records list 37 cases involving the company, including 15 filed by the company and 22 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2023. Its 10 peer companies in the same principal business activity (buildings) are compared by revenue, 5 larger and 5 smaller; the largest is Dynamix Contractors & Builders Private Limited with revenue of ₹68.71 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Manipal Industries has one previous CIN (Corporate Identification Number): U45201KA1961PTC001430. The current CIN is U45201KA1961PLC001430, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201KA1961PLC001430 | Current |
| U45201KA1961PTC001430 | Previous |
Contact details
Manipal Industries Limited's registered office is in Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRegistered Officemanipal House Manipal, Karnataka, India – 576104
- IndustryConstruction, Buildings
To see the full contact details of Manipal Industries 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
Business activity
The main business activities of Manipal Industries are construction and trade. In detail, this covers buildings and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Manipal Industries Limited, buy the company report.
Financials of Manipal Industries Limited
FY 2025 filings availableManipal Industries Limited reported revenue of ₹68.02 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 12% growth in the latest year. EBITDA rose 193% 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 |
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| Total Expenses | |||||
| EBITDA | ₹1.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.2 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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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 | 2.1% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Manipal Industries Limited, buy the company report.
Board of directors of Manipal Industries Limited
Manipal Industries has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Thonse Pai | Director | 01 Sep 1992 | 34 Years 2 Months | Current |
| Udupi Badakillaya Rao Krishnaraj Also directs: Adsyndicate Services Private Limited | Director | 23 Apr 2011 | 15 Years 6 Months | Current |
| Nagaraja Padeabettu Achar Also directs: The Canara Land Investments Limited | Director | 28 Aug 2009 | 17 Years 2 Months | Current |
| Tonse Pai Ashok Also directs: Sri Ramakrishna Theatre Limited, Manipal Press Private Limited, Bharath Vehicle Works Private Limited and 1 more | Director | 28 Aug 2009 | 17 Years 2 Months | Current |
| Harish Thonse Pai Also directs: Sri Ramakrishna Theatre Limited, T V P Consultants Limited | Nodal Officer | 04 Apr 2022 | 4 Years 7 Months | Current |
| Prabhakar Sastana Pai Also directs: Adsyndicate Services Private Limited, Manipal Properties Limited, Manipal Insurance Services Limited and 1 more | Director | 22 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Manipal Industries Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dynamix Contractors & Builders Private Limited | ₹68.71 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Terrapolis Assets Private Limited | ₹68.42 Cr (FY 2025) | -54.0% | Mumbai, Maharashtra, India | |||
| Unikans Builders & Promoters Private Limited | ₹68.38 Cr (FY 2024) | -6.0% | Madurai, Tamil Nadu, India | |||
| Good Earth Eco Futures Private Limited | ₹68.25 Cr (FY 2023) | -5.0% | Bangalore, Karnataka, India | |||
| Netal Enterprises Private Limited | ₹68.06 Cr (FY 2024) | 253.0% | Hyderabad, Telangana, India | |||
| Manipal Industries Limitedthis company | ₹68.02 Cr (FY 2025) | ₹81.2 Lakh | 1.2% | 12.0% | 13 | Karnataka, India |
| Jindal Mittal Graha Nirman Private Limited | ₹67.96 Cr (FY 2025) | 190.0% | Pune, Maharashtra, India | |||
| Kumari Infrahomes Private Limited | ₹67.95 Cr (FY 2025) | 102.0% | Bangalore, Karnataka, India | |||
| GLR Real Estate Private Limited | ₹67.88 Cr (FY 2025) | -5.0% | Gwalior, Madhya Pradesh, India | |||
| Poppy Realtors Private Limited | ₹67.81 Cr (FY 2025) | -45.0% | Kolkata, West Bengal, India | |||
| SMS Paryavaran Limited | ₹67.78 Cr (FY 2017) | -38.0% | New Delhi, Delhi, India |
To see the full peer comparison of Manipal Industries Limited, buy the company report.
Auditor
Manipal Industries Limited is audited by PAI NAYAK & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAI NAYAK & ASSOCIATES | FY 2019 | 009090S |
Shareholding
The shareholding of Manipal Industries Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Manipal Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2007 | 10057364 | Syndicate Bank | ₹5 Lakh | Satisfied | |
| 27 Jul 2006 | 10012928 | Lord Krishna Bank Ltd | ₹12 Lakh | Satisfied | |
| 29 Jun 2006 | 10008068 | Syndicate Bank | ₹99 Lakh | Satisfied | |
| 26 Jul 2003 | 80007150 | Syndicate Bank | ₹85 Lakh | Satisfied | |
| 26 Jul 2003 | 80007151 | Syndicate Bank | ₹85 Lakh | Satisfied |
To see the full charge records of Manipal Industries Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Manipal Industries Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2023.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: Others Manipal Industries Limited, 3 individuals Seller: The Academy School Of Music Fine Arts, T M A Pai Foundation, The Secretary Jcbm College Trust |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Manipal Industries Limited has 37 court cases on record: 15 filed by Manipal Industries, 22 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 19 | 0 |
| District courts | 10 | 3 | 0 |
| Supreme Court | 6 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Amsun Latex P Ltd and 1 other | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The Commissioner of Income Tax | Disposed |
| District court, SHIVAMOGGA, Karnataka | Court case (R.A.) | Filed against the company by an individual | Disposed |
| District court, UDUPI, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (9999-Other) | Filed by the company against Commissioner of Income-Tax, Mysore | Disposed |
To see the full case history of Manipal Industries 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Manipal Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Manipal Industries Limited has a workforce of 13 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Manipal Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM2210N1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manipal Industries Limited, buy the company report.
Recent activity
Manipal Industries Limited has 14 board changes on record since 1992: 6 appointments and 8 cessations. The latest: Prabhakar Sastana Pai ceased to be Additional Director on 29 Sep 2024.
16 earlier events are in the company report.
Frequently asked questions
Manipal Industries is an active public limited company based in Karnataka, India. The company works in buildings, within the construction industry. It was incorporated on 23 September 1961 (65+ years old) and is registered under CIN U45201KA1961PLC001430.
Manipal Industries has 6 current directors:
- Rajesh Thonse Pai - Director
- Udupi Badakillaya Rao Krishnaraj - Director
- Nagaraja Padeabettu Achar - Director
- Tonse Pai Ashok - Director
- Prabhakar Sastana Pai - Director
- Harish Thonse Pai - Nodal Officer
The latest financial statements of Manipal Industries 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 Manipal Industries is 29AABCM2210N1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Manipal Industries is U45201KA1961PLC001430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manipal Industries has 37 court cases on record: 15 filed by the company and 22 filed against it. Most are in the high courts.
Manipal Industries was incorporated on 23 September 1961, making it 65+ years old. It is registered with the Registrar of Companies, Bangalore.
Manipal Industries has 1 deal on record (1 secondary share transfer); the latest was in September 2023.
The peers of Manipal Industries by revenue are Dynamix Contractors & Builders Private Limited, Terrapolis Assets Private Limited, Unikans Builders & Promoters Private Limited, Good Earth Eco Futures Private Limited, Netal Enterprises Private Limited and 5 more, all in the same principal business activity (buildings).
Prabhakar Sastana Pai ceased to be Additional Director on 29 Sep 2024. Prabhakar Sastana Pai was appointed as Director on 22 Mar 2024. Harish Thonse Pai was appointed as Nodal Officer on 04 Apr 2022. Manipal Industries has 14 board changes on record in total.
The registered office of Manipal Industries is at Registered Officemanipal House Manipal, Karnataka, India – 576104.
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