About Marshall Machines Limited
Data last updated: 26 October 2025
Marshall Machines Limited is a public limited company based in Ludhiana, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in process machinery and industrial equipment, a part of the broader machinery and industrial equipment sector. Incorporated on 23 May 1994, the company has been in operation for over 32 years.
Registered with ROC Chandigarh under CIN L29299PB1994PLC014605. Listed on NSE: MARSHALL.
Capital: an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.9 Cr. Formerly known as Marshall Machines Private Limited and V. B. Spinning Mills Private Limited. It is led by directors including Prashant Sarup and Siddhant Sarup.
Last AGM: 29 September 2023. Financial statements filed for year ended 31 March 2023. Office: C 86Phase V Focal Point, Ludhiana, Punjab, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹37 Cr, a decline of 39% compared to the previous year.
The company has a workforce of approximately 76 employees as per the latest available data.
The company is associated with 1 brand - Marshall Machines. As per MCA filings, the company has open charges of ₹53.39 Cr and satisfied charges of ₹58.31 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is marshallcnc.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressC 86Phase V Focal Point, Ludhiana, Punjab, India
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IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Marshall Machines Limited
Marshall Machines Limited has undergone 2 name changes throughout its history. The company was previously known as Marshall Machines Private Limited, and V. B. Spinning Mills Private Limited. The current legal name is Marshall Machines Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Marshall Machines Limited | Current |
| Marshall Machines Private Limited | Previous |
| V. B. Spinning Mills Private Limited | Previous |
CIN History of Marshall Machines Limited
Marshall Machines Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29299PB1994PLC014605, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29299PB1994PLC014605 | Current |
| U29299PB1994PTC014605 | Previous |
| U29299PB1994PLC014605 | Previous |
Associated Brands with Marshall Machines Limited
Marshall Machines Limited operates one associated brand: Marshall Machines. These brands represent Marshall Machines Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| High-precision CNC turning centers and machining solutions are manufactured. | marshallcnc.com |
Business Activity of Marshall Machines Limited
Marshall Machines Limited is engaged in principal business activities including manufacturing and trade, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, retail trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | ********* |
| G | Trade | G2 | Retail Trading | ********* |
Auditor Details of Marshall Machines Limited
Marshall Machines Limited is audited by S. SOOD & CO. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. SOOD & CO. | blur-value | blur-value | blur-value |
Board of Directors of Marshall Machines Limited
Marshall Machines Limited is currently managed by 3 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Sarup | Whole-Time Director | 28 Feb 2002 | 24 Years 4 Months | As last reported |
| Siddhant Sarup | Whole-Time Director | 29 Mar 2017 | 9 Years 3 Months | As last reported |
| Gaurav Sarup | Managing Director | 11 Mar 2002 | 24 Years 3 Months | As last reported |
Financials of Marshall Machines Limited FY 2024 filings available
Marshall Machines Limited reported revenue of ₹27.96 Cr (down 18.94% YoY) for FY 2024. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue from Operations | ₹27.96 Cr | ₹34.5 Cr | ₹60.33 Cr |
| Other Income | ₹44.28 Lakh | ₹2.5 Cr | ₹13.71 Lakh |
| Total Income | ₹28.41 Cr | ₹37 Cr | ₹60.46 Cr |
| Cost of Materials Consumed | ₹12.01 Cr | ₹17.67 Cr | ₹41.63 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹12.59 Cr | ₹0 |
| Changes in Inventories | ₹6.98 Cr | -₹2.7 Cr | -₹3.72 Cr |
| Employee Benefit Expense | ₹4.53 Cr | ₹6.21 Cr | ₹10.75 Cr |
| Finance Costs | ₹3.83 Cr | ₹4.41 Cr | ₹4.46 Cr |
| Depreciation & Amortisation | ₹4.94 Cr | ₹5.87 Cr | ₹6.27 Cr |
| Other Expenses | ₹3.3 Cr | ₹2.13 Cr | ₹4.77 Cr |
| Total Expenses | ₹35.58 Cr | ₹46.19 Cr | ₹64.16 Cr |
| Profit Before Exceptional Items & Tax | -₹7.17 Cr | -₹9.19 Cr | -₹3.7 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹7.17 Cr | -₹9.19 Cr | -₹3.7 Cr |
| Total Tax Expense | -₹1.77 Cr | -₹2.29 Cr | -₹55.94 Lakh |
| Net Profit | -₹5.4 Cr | -₹6.9 Cr | -₹3.14 Cr |
| Other Comprehensive Income | -₹20.26 Lakh | ₹45.07 Lakh | ₹6.33 Lakh |
| Total Comprehensive Income | -₹5.6 Cr | -₹6.45 Cr | -₹3.07 Cr |
| EBITDA (computed) | ₹1.59 Cr | ₹1.09 Cr | ₹7.04 Cr |
| Basic EPS | ₹-2.26 | ₹-4.74 | ₹-2.16 |
| Diluted EPS | ₹-2.26 | ₹-4.74 | ₹-2.16 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹156.32 Cr | ₹141.29 Cr |
| Non-current Assets | ₹62.13 Cr | ₹58.76 Cr |
| Current Assets | ₹94.19 Cr | ₹82.53 Cr |
| Property, Plant & Equipment | ₹48.9 Cr | ₹53.43 Cr |
| Inventories | ₹42.6 Cr | ₹50.37 Cr |
| Trade Receivables | ₹35.28 Cr | ₹28.4 Cr |
| Cash & Equivalents | ₹42.15 Lakh | ₹30.84 Lakh |
| Equity (Net Worth) | ₹76.02 Cr | ₹39.53 Cr |
| Equity Share Capital | ₹23.9 Cr | ₹14.55 Cr |
| Borrowings (Non-current) | ₹13.44 Cr | ₹17.9 Cr |
| Borrowings (Current) | ₹24.96 Cr | ₹27.35 Cr |
| Total Debt (computed) | ₹38.41 Cr | ₹45.25 Cr |
| Current Liabilities | ₹65.18 Cr | ₹80.31 Cr |
| Total Liabilities | ₹80.3 Cr | ₹101.76 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹12.48 Cr | ₹15.92 Lakh | ₹4.78 Cr |
| Investing Cash Flow | -₹18.66 Cr | -₹82.28 Lakh | -₹37.27 Lakh |
| Financing Cash Flow | ₹31.25 Cr | ₹70.05 Lakh | -₹4.77 Cr |
| Capital Expenditure | ₹18.79 Cr | ₹88.84 Lakh | ₹0 |
| Free Cash Flow (computed) | -₹31.28 Cr | -₹72.92 Lakh | ₹4.78 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹11.31 Lakh | ₹3.69 Lakh | -₹36.9 Lakh |
Shareholding Pattern of Marshall Machines Limited
As of FY 2023, Marshall Machines Limited's shareholding pattern shows 52.01% by promoters, 45.61% by public shareholders, 2.38% by others. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings of Marshall Machines Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Oct 2023 | Others | ₹3.9 Cr | Open |
| 26 Mar 2021 | Tata Capital Financial Services Limited | ₹60 Lakh | Open |
| 25 Aug 2020 | Sidbi | ₹58.89 Lakh | Open |
| 24 Jul 2020 | Tata Capital Financial Services Limited | ₹75 Lakh | Open |
| 24 Jul 2019 | Sidbi | ₹3 Cr | Open |
Total charge records: 34 View all charges
Employees and EPFO Compliance at Marshall Machines Limited
Marshall Machines Limited has a workforce of 76 employees as of Oct 09, 2025.
Employee Count & EPFO Data of Marshall Machines Limited
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GST Compliance of Marshall Machines Limited
GSTIN & GST Filing Data of Marshall Machines Limited
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Credit Ratings, Litigation & Regulatory Alerts for Marshall Machines Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Marshall Machines Limited
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MSME Payment Delays by Marshall Machines Limited
MSME Payment Delays by Marshall Machines Limited
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Subsidiaries & Group Companies of Marshall Machines Limited
Subsidiaries & Group Companies of Marshall Machines Limited
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MCA Filings & Documents of Marshall Machines Limited
MCA Filings & Documents of Marshall Machines Limited
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Recent Activity on Marshall Machines Limited
Frequently Asked Questions about Marshall Machines Limited
Marshall Machines Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Marshall Machines Limited is a company under insolvency, formerly operating as a public limited company in the machinery and equipment sector based in Ludhiana, Punjab, India. It was incorporated on 23 May 1994 and is registered under CIN L29299PB1994PLC014605. Listed on NSE: MARSHALL. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Marshall Machines Limited reported revenue of ₹37 Cr for FY 2023 (down 39.00% YoY).
The current directors of Marshall Machines Limited are:
- Prashant Sarup
- Siddhant Sarup
- Gaurav Sarup
The CIN (Corporate Identification Number) of Marshall Machines Limited is L29299PB1994PLC014605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Marshall Machines Limited is listed on NSE with symbol MARSHALL.