MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-14-0001983
Maniratna Stainless Private Limited
Maniratna Stainless Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.73 Cr
▼ 76% YoY
Net profit · FY 2025
₹29.6 Lakh
Net margin 10.8%
EBITDA · FY 2025
₹1.72 Cr
EBITDA margin 63.1%
Authorised capital
₹90 Lakh
Registered with MCA
Paid-up capital
₹3 Lakh
Issued & subscribed
Open charges
₹40.94 Cr
Satisfied ₹40.94 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
1
Provident fund records
About Maniratna Stainless Private Limited
Data last updated:
Maniratna Stainless Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 19 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24106MH2011PTC221077. Its GSTIN is 24AAHCM3931G1ZN (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹3 Lakh. It was formerly known as Hidroflex Equipments Private Limited and Flexonics Bellows Private Limited. It is led by directors Mahendra Chunilal Sanghvi and Ravi Pawankumar Sanghvi.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.73 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net profit of ₹29.6 Lakh (net margin 10.8%) and EBITDA of ₹1.72 Cr (EBITDA margin 63.1%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 46% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40.94 Cr and satisfied charges of ₹40.94 Cr on record.
Maniratna Stainless Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0001983). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24106MH2011PTC221077
Registration Number 221077
Incorporation Date 19 August 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-14-0001983
Name history
Maniratna Stainless has undergone 4 name changes throughout its history. The current legal name is Maniratna Stainless Private Limited.
| Company Name | Status |
|---|---|
| Maniratna Stainless Private Limited | Current |
| Hidroflex Equipments Private Limited | Previous |
| Flexonics Bellows Private Limited | Previous |
| Maniratna Wires & Tubes Private Limited | Previous |
| Flexonics Equipments Private Limited | Previous |
CIN history
Maniratna Stainless has one previous CIN (Corporate Identification Number): U27100MH2011PTC221077. The current CIN is U24106MH2011PTC221077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24106MH2011PTC221077 | Current |
| U27100MH2011PTC221077 | Previous |
Recognitions & Rankings of Maniratna Stainless
Contact details
Maniratna Stainless Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressRoom No. 3 Second Floor Shree Shamla Bhuvan 141 Nanubhai Desai Road Dr. Deshmukh L, Ane, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Metal Retail & Distribution
Comprehensive company report
Maniratna Stainless Private 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
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Business activity
The main business activity of Maniratna Stainless is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Maniratna Stainless Private Limited, buy the company report.
Financials of Maniratna Stainless Private Limited
FY 2025 filings availableManiratna Stainless Private Limited reported revenue of ₹2.73 Cr (down 76% YoY) for FY 2025.
Revenue · FY 2025
₹2.73 Cr ▼ 76%
Net profit · FY 2025
₹29.6 Lakh margin 10.8%
EBITDA · FY 2025
₹1.72 Cr margin 63.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▼ 54%
5 years · compounded
▼ 46%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 12%
5 years · compounded
▼ 23%
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 76% fall in the latest year. EBITDA fell 2% 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 | ₹1.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.6 Lakh | ||||
| Balance Sheet | |||||
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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 | 63.1% | ||||
| Net Profit Margin | 10.8% | ||||
| 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 Maniratna Stainless Private Limited, buy the company report.
Board of directors of Maniratna Stainless Private Limited
Maniratna Stainless has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Chunilal Sanghvi | Director | 23 Oct 2012 | 14 Years 0 Months | Current |
| Ravi Pawankumar Sanghvi Also directs: Ratnamani Marketing Private Limited, Magnum Land Realtors LLP, Eighty 80M Technologies LLP and 1 more | Director | 24 Oct 2016 | 10 Years 0 Months | Current |
Charges & borrowings
Open charges
₹40.94 Cr
Satisfied charges
₹40.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2018 | 100171359 | Others | ₹37.44 Cr | Satisfied | |
| 30 Aug 2016 | 100049611 | Hdfc Bank Limited | ₹3.5 Cr | Satisfied |
To see the full charge records of Maniratna Stainless Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Maniratna Stainless 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
Maniratna Stainless Private Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 46 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Madhuraj Industrial Gases Private Limited |
To see the full MSME payment records of Maniratna Stainless Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Maniratna Stainless has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCM3931G1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maniratna Stainless Private Limited, buy the company report.
Recent activity
Maniratna Stainless Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Ravi Pawankumar Sanghvi ceased to be Additional Director on 30 Sep 2017.
AGM
Maniratna Stainless Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 30 Aug 2016 via Charge ID 100049611 with Hdfc Bank Limited was fully satisfied on 08 Apr 2025.
Filing
Maniratna Stainless Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 09 Apr 2018 via Charge ID 100171359 with Others was fully satisfied on 27 Jan 2025.
Charges
A charge with Others of Rs. 3,744.00 Lakh registered on 09 Apr 2018 with Charge ID 100171359 was modified on 25 Jul 2019.
Charges
A charge with Others amounted to Rs. 3,744.00 Lakh with Charge ID 100171359 was registered on 09 Apr 2018.
Ceased
Ravi Pawankumar Sanghvi ceased to be Additional Director.
Ceased
Rajendra Kanakraj Mehta ceased to be Director.
Ceased
Ronak Rajendrakumar Mehta ceased to be Director.
Appointed
Ravi Pawankumar Sanghvi was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 350.00 Lakh registered on 30 Aug 2016 with Charge ID 100049611 was modified on 31 Aug 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 350.00 Lakh with Charge ID 100049611 was registered on 30 Aug 2016.
4 earlier events are in the company report.
Frequently asked questions
Maniratna Stainless is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 19 August 2011 (15+ years old) and is registered under CIN U24106MH2011PTC221077.
Maniratna Stainless has 2 current directors:
- Mahendra Chunilal Sanghvi - Director
- Ravi Pawankumar Sanghvi - Director
The latest financial statements of Maniratna Stainless 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 Maniratna Stainless is 24AAHCM3931G1ZN, 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 Maniratna Stainless is U24106MH2011PTC221077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maniratna Stainless was incorporated on 19 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Ravi Pawankumar Sanghvi ceased to be Additional Director on 30 Sep 2017. Rajendra Kanakraj Mehta ceased to be Director on 03 Nov 2016. Ronak Rajendrakumar Mehta ceased to be Director on 03 Nov 2016. Maniratna Stainless has 7 board changes on record in total.
Yes, Maniratna Stainless is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0001983).
Maniratna Stainless has 6 MSME Form 1 returns on record between 2019 and 2021, listing 46 overdue payments to 4 micro and small suppliers. The latest return was filed on 26 Oct 2021.
The registered office of Maniratna Stainless is at Room No. 3 Second Floor Shree Shamla Bhuvan 141 Nanubhai Desai Road Dr. Deshmukh L, Ane, Mumbai, Maharashtra, India – 400004.
Maniratna Stainless operates in the metals and minerals industry, in the metal retail and distribution segment.
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