About Marine Electronics and Navigation Systems Private Limited
Data last updated:
Marine Electronics and Navigation Systems Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the marine and naval engineering segment of the engineering sector. It was incorporated on 29 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32309MH1994PTC079281. Its GSTIN is 27AADCM9005B1ZU (Maharashtra).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors Apurvika Padmakesh Shukla and Padmakesh Brijlal Shukla.
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 D/205 2nd Floor Belapur Railway Station Complex CBD Belapur Navi Mumbai, Maharashtra, India – 400014.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.32 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹1.18 Cr (net margin 14.1%) and EBITDA of ₹2.32 Cr (EBITDA margin 27.9%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹15.33 Cr and satisfied charges of ₹12.86 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website means.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressD/205 2nd Floor Belapur Railway Station Complex CBD Belapur Navi Mumbai, Maharashtra, India – 400014
- IndustryEngineering, Marine & Naval Engineering
- 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
- One PDF report, delivered after checkout
Business Activity of Marine Electronics and Navigation Systems Private Limited
The main business activity of Marine Electronics and Navigation Systems is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Marine Electronics and Navigation Systems Private Limited FY 2024 filings available
Marine Electronics and Navigation Systems Private Limited reported revenue of ₹8.32 Cr (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Marine Electronics and Navigation Systems Private Limited
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 32% 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 Marine Electronics and Navigation Systems 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 | ₹2.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.18 Cr | •••• | •••• | •••• | •••• |
| 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 Marine Electronics and Navigation Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.1% | •••• | •••• | •••• | •••• |
| 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 Marine Electronics and Navigation Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems Private Limited is compared with the companies closest to it by revenue in the Defence industry (Defence Products and Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ananya Technologies Private Limited | ₹9.34 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Bangalore, Karnataka, India |
| Zulu Defence Systems Private Limited | ₹9.31 Cr (FY 2025) | •••• | •••• | 523.0% | •••• | Bangalore North, Karnataka, India |
| Traab Engg India Private Limited | ₹9.25 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Bangalore North, Karnataka, India |
| Avision Systems Private Limited | ₹9.02 Cr (FY 2025) | •••• | •••• | -95.0% | •••• | Hyderabad, Telangana, India |
| Hild Defence and Aerospace Private Limited | ₹8.73 Cr (FY 2025) | •••• | •••• | 7747.0% | •••• | Chennai, Tamil Nadu, India |
| Marine Electronics and Navigation Systems Private Limited this company | ₹8.32 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Navi Mumbai, Maharashtra, India |
| Agnikul Cosmos Private Limited | ₹7.8 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Chennai, Tamil Nadu, India |
| Dronelab Technologies Private Limited | ₹7.79 Cr (FY 2025) | •••• | •••• | 117.0% | •••• | Ahmedabad, Gujarat, India |
| Tractrix Opto Dynamics LLP | ₹7.72 Cr (FY 2024) | •••• | •••• | 162.0% | •••• | Hyderabad, Telangana, India |
| Veeyes Electronics Private Limited | ₹7.2 Cr (FY 2024) | •••• | •••• | 2450.0% | •••• | Karnataka, India |
| Gnat Technologies Private Limited | ₹7.19 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Marine Electronics and Navigation Systems by revenue in the Defence industry (Defence Products and Technology), 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 Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems Private Limited is audited by R.A. KUVADIA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R.A. KUVADIA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurvika Padmakesh Shukla | Director | 28 Mar 2022 | 4 Years 6 Months | Current |
| Padmakesh Brijlal Shukla | Director | 29 Jun 1994 | 32 Years 3 Months | Current |
Ownership and Shareholding of Marine Electronics and Navigation Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marine Electronics and Navigation Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2025 | Others | ₹97.5 Lakh | Open |
| 17 Jan 2025 | Bank of India | ₹70 Lakh | Open |
| 28 Oct 2023 | Axis Bank Limited | ₹4.5 Cr | Open |
| 02 Jun 2023 | Others | ₹80 Lakh | Open |
| 02 Jun 2023 | Others | ₹40 Lakh | Open |
Total charge records: 18 View all charges
Legal Cases of Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems Private Limited has 6 court cases on record: 3 filed by Marine Electronics and Navigation Systems, 3 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Cri.Appeal) | Filed against the company by Chinmay Airtech Private Limited | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Chinmay Airtech Private Limited | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Marine Electronics and Navigation Systems Private Limited
Employment history and EPFO contributions of people linked to Marine Electronics and Navigation Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems Private Limited has 4 board changes on record since 1994: 2 appointments and 2 cessations. The latest: Apurvika Padmakesh Shukla ceased to be Additional Director on 30 Sep 2022.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Marine Electronics and Navigation Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Marine Electronics and Navigation Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Marine Electronics and Navigation Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM9005B1ZU | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Marine Electronics and Navigation Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Marine Electronics and Navigation Systems Private Limited
Marine Electronics and Navigation Systems is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in marine and naval engineering, within the engineering industry. It was incorporated on 29 June 1994 (32+ years old) and is registered under CIN U32309MH1994PTC079281.
Marine Electronics and Navigation Systems reported revenue of ₹8.32 Cr for FY 2024 (down 33% YoY).
Marine Electronics and Navigation Systems has 2 current directors:
- Apurvika Padmakesh Shukla - Director
- Padmakesh Brijlal Shukla - Director
Marine Electronics and Navigation Systems reported a net profit of ₹1.18 Cr (net margin 14.1%) and EBITDA of ₹2.32 Cr (EBITDA margin 27.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marine Electronics and Navigation Systems is 31% over three years and 7% over five years. In the latest year (FY 2024) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marine Electronics and Navigation Systems is 27AADCM9005B1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Marine Electronics and Navigation Systems is U32309MH1994PTC079281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marine Electronics and Navigation Systems has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the district courts.
Marine Electronics and Navigation Systems was incorporated on 29 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Marine Electronics and Navigation Systems by revenue are Ananya Technologies Private Limited, Zulu Defence Systems Private Limited, Traab Engg India Private Limited, Avision Systems Private Limited, Hild Defence and Aerospace Private Limited and 5 more, all in the Defence industry (Defence Products and Technology).
Apurvika Padmakesh Shukla ceased to be Additional Director on 30 Sep 2022. Rajendrakumar Janmashankar Jani ceased to be Director on 09 Apr 2022. Apurvika Padmakesh Shukla was appointed as Director on 28 Mar 2022. Marine Electronics and Navigation Systems has 4 board changes on record in total.