Marg Techno-Projects Limited - financial services in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN L69590GJ1993PLC019764 Incorporated 02 July 1993 ROC Ahmedabad HQ Surat, Gujarat, India
Active Listed - BSE: 540254 Public Limited Company financial services
Market Cap
₹59.20 Cr
MTPL · BSE
Share Price
₹7.69
+1.45% today
Revenue
₹6.84 Cr
FY 2025-26 · +27.6% YoY
EBITDA
₹4.27 Cr
Margin 62.4%
Net Profit
₹0.99 Cr
FY 2025-26 · +141.5% YoY
P/E (TTM)
16.8x
P/B 0.6x
Authorised capital
₹85 Cr
Registered with MCA
Paid-up capital
₹14.2 Cr
Issued & subscribed

About Marg Techno-Projects Limited

Data last updated:

Marg Techno-Projects Limited is a public limited company based in Surat, Gujarat, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 02 July 1993 and has been in existence for over 33 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L69590GJ1993PLC019764. Its GSTIN is 24AABCM6013F1Z0 (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 540254.

The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹14.2 Cr. It was formerly known as Marg Finance Limited. It is led by directors including Akhil Nair (Managing Director) and Dhananjayan Kakkat Nair (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Surat, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹6.84 Cr, a growth of 27.6% compared to the previous year. For the same year it recorded a net profit of ₹99 Lakh (net margin 14.5%) and EBITDA of ₹4.27 Cr (EBITDA margin 62.4%). The net worth stands at ₹34.62 Cr (up 173.9% YoY). Total assets are valued at ₹61.66 Cr (up 77.5% YoY).

The company has about 11 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Marg Techno-Projects. As per MCA filings, the company has open charges of ₹10.17 Cr and satisfied charges of ₹21.5 Cr on record. Court records list 108 cases involving the company, including 107 filed by the company and 1 filed against it; 23 cases are pending. The company has 14 deals on record (14 market trades); the latest was in September 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 16 overdue payments to 3 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website margtechno.com.

Company details

CIN L69590GJ1993PLC019764
Registration Number 019764
Incorporation Date 02 July 1993
ROC Ahmedabad
Listing Status Listed - Listed on BSE (540254)
Company Status Active
Compliance Status Active Compliant

CIN history

Marg Techno-Projects has one previous CIN (Corporate Identification Number): U69590GJ1993PLC019764. The current CIN is L69590GJ1993PLC019764, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L69590GJ1993PLC019764Current
U69590GJ1993PLC019764Previous

Contact details

Marg Techno-Projects Limited's registered office is in Surat, Gujarat. Its website is margtechno.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    1206 Royal Trade Centre, Opp Star Bazaar Adajan, Surat, Gujarat, India – 395009
  • Industry
    Financial Services, NBFC, Investment & Credit NBFC

To see the full contact details of Marg Techno-Projects Limited, buy the company report.

Comprehensive company report
Marg Techno-Projects 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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Brands

Marg Techno-Projects operates one associated brand: Marg Techno-Projects. Each brand links to its own profile.

BrandDescriptionWebsite
Loans against gold are provided by the company in India.margtechno.com

Business activity

The main business activity of Marg Techno-Projects is financial and insurance service. In detail, this covers financial and credit leasing activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK5Financial and Credit leasing activities

To see the full business activity and turnover split of Marg Techno-Projects Limited, buy the company report.

Financials of Marg Techno-Projects Limited

FY 2025-26 filings available

Marg Techno-Projects Limited reported revenue of ₹6.84 Cr (up 27.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹6.84 Cr
+27.6% YoY
EBITDA
₹4.27 Cr
+57.0% YoY
Profit After Tax
₹0.99 Cr
+141.5% YoY
Net Worth
₹34.62 Cr
+173.9% YoY
Total Assets
₹61.66 Cr
+77.5% YoY
Total Debt
₹27.05 Cr
+22.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6.845.365.015.085.303.491.22
Revenue growth+27.6%+7.0%-1.4%-4.2%+51.9%+186.1%-
EBITDA4.272.722.252.562.892.070.43
EBITDA margin+62.4%+50.8%+44.9%+50.4%+54.5%+59.3%+35.3%
Profit before tax1.570.450.280.660.480.350.30
Net profit0.990.410.120.500.350.260.20
Net profit margin+14.5%+7.7%+2.4%+9.8%+6.6%+7.5%+16.4%
EPS (₹)0.880.410.230.820.580.450.35
Balance sheet
Total assets61.6634.7329.4224.2727.8935.5510.45
Net worth34.6212.6412.066.606.115.765.49
Total debt27.0522.0917.3617.6721.7729.794.96
Cash & bank1.330.942.480.530.350.940.89
Net working capital3.061.051.09(0.97)0.850.390.32
Cash flow
Cash from operations(22.82)(4.14)(1.35)6.119.78(22.46)(0.47)
Cash from investing0.00(0.26)0.00(0.09)(0.09)(0.70)(0.06)
Cash from financing23.212.87(2.01)(5.83)(10.29)23.211.37
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.522.501.541.511.291.771.391.02
Revenue growth (YoY)+95.4%+41.2%+10.8%+48.0%+24.0%---
Other income0.000.090.000.000.000.140.000.00
Total expenses0.420.950.640.500.481.020.540.52
EBITDA2.101.550.901.010.810.750.850.50
EBITDA margin+83.3%+62.0%+58.4%+66.9%+62.8%+42.4%+61.2%+49.0%
Depreciation0.040.040.030.030.030.030.030.03
Interest0.720.550.640.810.670.690.630.43
Profit before tax1.341.050.230.170.110.170.190.04
Tax0.320.450.060.040.03(0.01)0.030.01

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.522.501.541.511.291.771.391.02
Revenue growth (YoY)+95.4%+41.2%+10.8%+48.0%+24.0%---
Other income0.000.090.000.000.000.140.000.00
Total expenses0.420.950.640.500.481.020.540.52
EBITDA2.101.550.901.010.810.750.850.50
EBITDA margin+83.3%+62.0%+58.4%+66.9%+62.8%+42.4%+61.2%+49.0%
Depreciation0.040.040.030.030.030.030.030.03
Interest0.720.550.640.810.670.690.630.43
Profit before tax1.341.050.230.170.110.170.190.04
Tax0.320.450.060.040.03(0.01)0.030.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6.845.365.015.085.303.491.22
Revenue growth+27.6%+7.0%-1.4%-4.2%+51.9%+186.1%-
Other income0.090.050.000.010.010.000.00
Total expenses2.572.642.762.522.411.420.79
Employee cost0.001.081.211.391.250.680.46
EBITDA4.272.722.252.562.892.070.43
EBITDA margin+62.4%+50.8%+44.9%+50.4%+54.5%+59.3%+35.3%
Depreciation0.130.110.110.110.110.050.01
Interest2.662.211.861.802.311.670.12
Profit before tax1.570.450.280.660.480.350.30
Tax0.580.040.160.160.130.090.10
Net profit0.990.410.120.500.350.260.20
Net profit margin+14.5%+7.7%+2.4%+9.8%+6.6%+7.5%+16.4%
EPS (₹)0.880.410.230.820.580.450.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital14.2010.006.006.006.006.006.00
Reserves & surplus20.422.640.740.600.11(0.24)(0.51)
Shareholders' funds (net worth)34.6212.6412.066.606.115.765.49
Secured loans0.1313.4415.2416.2319.7128.283.24
Unsecured loans26.928.652.121.442.061.511.72
Total debt27.0522.0917.3617.6721.7729.794.96
Total liabilities61.6634.7329.4224.2727.8935.5510.45
Assets
Gross block1.351.351.091.080.990.900.13
Net block0.700.840.690.790.810.820.10
Capital work in progress0.000.000.000.000.000.000.08
Investments0.010.040.000.000.000.000.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.200.001.140.000.00
Cash & bank balances1.330.942.480.530.350.940.89
Loans & advances2.420.650.210.440.430.120.12
Total current assets3.751.592.890.971.921.061.01
Total current liabilities0.690.541.801.941.070.670.69
Net working capital3.061.051.09(0.97)0.850.390.32
Total assets61.6634.7329.4224.2727.8935.5510.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.942.480.530.350.940.890.05
Net cash from operating activities(22.82)(4.14)(1.35)6.119.78(22.46)(0.47)
Net cash from investing activities0.00(0.26)0.00(0.09)(0.09)(0.70)(0.06)
Net cash from financing activities23.212.87(2.01)(5.83)(10.29)23.211.37
Net change in cash0.39(1.53)(3.37)0.18(0.60)0.050.84
Closing cash1.330.942.480.530.350.940.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+27.6%+7.0%-1.4%-4.2%+51.9%+186.1%-
EBITDA growth+57.0%+20.9%-12.1%-11.4%+39.6%+381.4%-
PBT growth+248.9%+60.7%-57.6%+37.5%+37.1%+16.7%+2900.0%
Net income growth+141.5%+241.7%-76.0%+42.9%+34.6%+30.0%-
Revenue CAGR (3Y)+10.4%+0.4%+12.8%+60.9%+94.5%+80.9%+43.8%
EBITDA CAGR (3Y)+18.6%-2.0%+2.8%+81.2%+424.8%+272.7%+83.1%
Profitability & leverage
Net income margin+14.5%+7.7%+2.4%+9.8%+6.6%+7.5%+16.4%
Return on capital employed-+8.3%+8.0%+9.4%+8.7%+8.6%+4.1%
Return on net worth-+3.3%+1.5%+7.6%+5.5%+4.3%+3.4%
Debt / equity-1.601.883.104.343.090.78
Long-term debt / equity-0.480.380.751.261.290.78
Interest cover64.2584.6786.9273.4783.0982.6728.57
Efficiency & per share
Fixed asset turnover-4.434.624.925.626.7812.84
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-54.1050.108.939.320.000.00
EPS (₹)0.880.410.230.820.580.450.35
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0012.6411.2311.0010.189.609.15

To see the full year-wise statements and ratios of Marg Techno-Projects Limited, buy the company report.

Board of directors of Marg Techno-Projects Limited

Marg Techno-Projects has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Arun Madhavan NairDirector30 Mar 201511 Years 7 MonthsCurrent
Dhananjayan Kakkat NairWhole-Time Director01 Feb 199729 Years 9 MonthsCurrent
Akhil NairManaging Director18 Mar 20179 Years 7 MonthsCurrent
Deepa Sajeev NairDirector30 Sep 20215 Years 1 MonthsCurrent
Pankaj Ganpat JadhavDirector30 Sep 20215 Years 1 MonthsCurrent

Auditor

Marg Techno-Projects Limited is audited by HARIBHAKTI & CO. for the financial year 2020.

Auditor firmFinancial yearFirm registration number
HARIBHAKTI & CO.FY 2020118013W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 48.40%, foreign institutional investors hold 2.50%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 49.20%.

Promoters: 48.40%FII (Foreign Institutional): 2.50%Retail & Others: 49.20%
Sep 2026
QUARTER
48.40% Promoters
2.50% FII (Foreign Institutional)
49.20% Retail & Others
Promoter holding - history
Now 48.40% · Sep 2026High 48.40% · Jun 2026Low 43.70% · Dec 2025
42%44%46%48%50%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 43.70%Mar 2026: 43.70%Jun 2026: 48.40%Sep 2026: 48.40%48.40%43.70%48.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters48.40%48.40%43.70%43.70%
Public51.60%51.60%56.30%56.30%

Charges & borrowings

Open charges
₹10.17 Cr
Satisfied charges
₹21.5 Cr
Breakdown by lending institutions
The South Indian Bank Limited₹10.00 Cr
Others₹0.17 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Nov 2024101009348Others₹16.6 LakhOpen
24 Sep 2020100379419The South Indian Bank Limited₹10 CrOpen
21 Sep 2020100381030Others₹5 CrSatisfied
14 Jul 2020100349892Others₹10 CrSatisfied
18 Nov 2019100307573Others₹5 CrSatisfied

To see the full charge records of Marg Techno-Projects Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Marg Techno-Projects Limited has 14 deals on record (14 market trades); the latest was in September 2026.

Total deals
14
Market trades
14

Deals on record (5 of 14)

WhenDealAmountParties
Sep 2026Market trade₹34.8 LakhSeller: Vaghani Shares and Securities Private Limited
Sep 2026Market trade₹41.5 LakhBuyer: Bullpulse Marketedge Private Limited
Seller: an individual
Sep 2026Market trade₹49.2 LakhBuyer: an individual
Sep 2026Market trade₹51.2 LakhBuyer: an individual
Seller: an individual
Sep 2026Market trade₹41.5 LakhBuyer: an individual
Seller: an individual

To see the full deal history of Marg Techno-Projects Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Marg Techno-Projects Limited was last rated by Crisil on 31 Dec 2020.

Rating agencyRated onRating
Crisil31 Dec 2020

To see the full credit ratings and regulatory alerts of Marg Techno-Projects Limited, buy the company report.

MSME payment delays

Marg Techno-Projects Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 16 overdue payments to 3 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 (3 of 3)

SupplierAmount dueDue sinceReported on
an individual supplier
Marg Techno-Projects Limited
Netsol IT Solutions Private Limited

To see the full MSME payment records of Marg Techno-Projects Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Marg Techno-Projects Limited has a workforce of 11 employees on its EPFO records as of Apr 2026, across 1 active EPFO establishment.

Employee count
11
Active EPFO establishments
1
Employee growth
-54.2%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2711
FY 2025-26
FY 2024-25
FY 2023-24

To see the full employee and EPFO history of Marg Techno-Projects Limited, buy the company report.

GST

Marg Techno-Projects has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCM6013F1Z0GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Marg Techno-Projects Limited, buy the company report.

Recent activity

Marg Techno-Projects Limited has 40 board changes on record since 1997: 23 appointments and 17 cessations. The latest: Manish Jayvadan Jariwala ceased to be Director on 27 Sep 2024.

Charges
A charge registered on 14 Jul 2020 via Charge ID 100349892 with Others was fully satisfied on 26 May 2026.
Charges
A charge registered on 18 Nov 2019 via Charge ID 100307573 with Others was fully satisfied on 26 May 2026.
Charges
A charge registered on 08 Aug 2019 via Charge ID 100284123 with Others was fully satisfied on 26 May 2026.
Filing
Marg Techno-Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 21 Sep 2020 via Charge ID 100381030 with Others was fully satisfied on 27 Feb 2026.
AGM
Marg Techno-Projects Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.17 Cr with Charge ID 101009348 was registered on 11 Nov 2024.
Ceased
Manish Jayvadan Jariwala ceased to be Director.
Ceased
Bhuwan Ranjan ceased to be CFO.
Appointed
Divya Hiren Shah was appointed as Company Secretary.
Appointed
Bhuwan Ranjan was appointed as CFO.
Ceased
Naimesh Jayvadan Jariwala ceased to be Director.

41 earlier events are in the company report.

Frequently asked questions

Marg Techno-Projects is an active public limited company based in Surat, Gujarat, India. The company works in nbfc, within the financial services industry. It was incorporated on 02 July 1993 (33+ years old) and is registered under CIN L69590GJ1993PLC019764. Listed on BSE: 540254.

Marg Techno-Projects reported revenue of ₹6.84 Cr for FY 2025-26 (up 27.6% YoY) based on standalone financials.

Marg Techno-Projects has 5 current directors:

The latest financial statements of Marg Techno-Projects on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Marg Techno-Projects is 24AABCM6013F1Z0, registered in Gujarat.

The CIN (Corporate Identification Number) of Marg Techno-Projects is L69590GJ1993PLC019764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Marg Techno-Projects is a listed company as per MCA records. Its shares are listed on BSE (code: 540254).

Marg Techno-Projects has 108 court cases on record: 107 filed by the company and 1 filed against it. 23 are pending. Most are in the district courts.

Marg Techno-Projects was incorporated on 02 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Marg Techno-Projects has 14 deals on record (14 market trades); the latest was in September 2026.

Manish Jayvadan Jariwala ceased to be Director on 27 Sep 2024. Bhuwan Ranjan ceased to be CFO on 31 Aug 2024. Divya Hiren Shah was appointed as Company Secretary on 25 Nov 2023. Marg Techno-Projects has 40 board changes on record in total.