MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0021358
Master Fluid Solutions (India) Private Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹93.79 Cr
▲ 24% YoY
Net profit · FY 2025
₹9.67 Cr
Net margin 10.3%
EBITDA · FY 2025
₹15.93 Cr
EBITDA margin 17%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.44 Cr
Issued & subscribed
Company age
20 yrs
Est. 2006
Employees · EPFO
30
Provident fund records
Directors on board
3
As per MCA filings
About Master Fluid Solutions (India) Private Limited
Data last updated:
Master Fluid Solutions (India) Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Master Chemical Holding (Cyprus) Limited. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 09 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24111PN2006FTC149415. Its GSTIN is 27AAECM6715B1ZQ (Maharashtra).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.44 Cr. It was formerly known as Master Chemical Fluid Management Private Limited. It is led by directors including Mandar Ravindra Samant (Managing Director) and Nijaruna Niranjan.
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 Plot No B 41 Chakan MIDC Phase 2 Village Bhambuli Taluka Khed, Pune, Maharashtra, India – 410501.
As per the financials filed for FY 2025, the company reported a revenue of ₹93.79 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹9.67 Cr (net margin 10.3%) and EBITDA of ₹15.93 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 25% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2016. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 3 micro and small suppliers.
Master Fluid Solutions (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0021358). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website masterfluids.com.
Company details
CIN U24111PN2006FTC149415
Registration Number 149415
Incorporation Date 09 May 2006
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Master Chemical Holding (Cyprus) Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0021358
CIN history
Master Fluid Solutions (India) has one previous CIN (Corporate Identification Number): U24111MH2006FTC162402. The current CIN is U24111PN2006FTC149415, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24111PN2006FTC149415 | Current |
| U24111MH2006FTC162402 | Previous |
Key People
Mandar Ravindra Samant Managing Director Nijaruna Niranjan Director Merrill Dean Froney Jr Director Recognitions & Rankings of Master Fluid Solutions (India)
Contact details
Master Fluid Solutions (India) Private Limited's registered office is in Pune, Maharashtra. Its website is masterfluids.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No B 41 Chakan MIDC Phase 2 Village Bhambuli Taluka Khed, Pune, Maharashtra, India – 410501
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Master Fluid Solutions (India) Private Limited, buy the company report.
Comprehensive company report
Master Fluid Solutions (India) 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 Master Fluid Solutions (India) is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Master Fluid Solutions (India) Private Limited, buy the company report.
Financials of Master Fluid Solutions (India) Private Limited
FY 2025 filings availableMaster Fluid Solutions (India) Private Limited reported revenue of ₹93.79 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹93.79 Cr ▲ 24%
Net profit · FY 2025
₹9.67 Cr margin 10.3%
EBITDA · FY 2025
₹15.93 Cr margin 17%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 27%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 83%
5 years · compounded
▲ 68%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 24% growth in the latest year. EBITDA rose 38% 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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| EBITDA | ₹15.93 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹9.67 Cr | ||||
| 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 | 17% | ||||
| Net Profit Margin | 10.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Master Fluid Solutions (India) Private Limited, buy the company report.
Board of directors of Master Fluid Solutions (India) Private Limited
Master Fluid Solutions (India) has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandar Ravindra Samant | Managing Director | 14 Dec 2018 | 7 Years 10 Months | Current |
| Nijaruna Niranjan | Director | 05 Jan 2024 | 2 Years 9 Months | Current |
| Merrill Dean Froney Jr | Director | 20 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Master Fluid Solutions (India) Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Master Fluid Solutions (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Master Fluid Solutions (India) Private Limited, buy the company report.
Deals & funding
Master Fluid Solutions (India) Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2016.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Master Chemical Holdings Limited Seller: Master Chemical Holdings (Cyprus) Ltd |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Master Chemical Holdings (Cyprus) Ltd Seller: Master Chemical Corporation Inc. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Master Fluid Solutions (India) Private Limited has 1 court case on record: 1 filed by Master Fluid Solutions (India). All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Zenolt Engineering LLP | Disposed |
To see the full case history of Master Fluid Solutions (India) Private 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
Master Fluid Solutions (India) Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 17 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)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Agarwal Packaging Private Limited | |||
| Quality Speciality Chemicals Private Limited | |||
| Jyoti Polypack LLP |
To see the full MSME payment records of Master Fluid Solutions (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Master Fluid Solutions (India) Private Limited has a workforce of 30 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
30
Active EPFO establishments
1
Employee growth
36.36%
GST
Master Fluid Solutions (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM6715B1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Master Fluid Solutions (India) Private Limited, buy the company report.
Recent activity
Master Fluid Solutions (India) Private Limited has 10 board changes on record since 2012: 3 appointments and 7 cessations. The latest: Nijaruna Niranjan was appointed as Director on 05 Jan 2024.
AGM
Master Fluid Solutions (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Master Fluid Solutions (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Nijaruna Niranjan was appointed as Director.
Appointed
Merrill Dean Froney Jr was appointed as Director.
Ceased
Kyle Raymond Stoffer ceased to be Director.
Appointed
Mandar Ravindra Samant was appointed as Managing Director.
Ceased
Meenakshi Sundaram Krishna ceased to be Managing Director.
Ceased
Cary Robert Glay ceased to be Director.
Ceased
Steven Henry Sigmon ceased to be Director.
Ceased
Joe H Wright ceased to be Director.
Ceased
Xinfang Lu ceased to be Director.
Ceased
Kalpesh Harshadray Shah ceased to be Alternate Director.
1 earlier event is in the company report.
Frequently asked questions
Master Fluid Solutions (India) is an active foreign private limited company based in Pune, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 09 May 2006 (20+ years old) and is registered under CIN U24111PN2006FTC149415.
Master Fluid Solutions (India) has 3 current directors:
- Mandar Ravindra Samant - Managing Director
- Nijaruna Niranjan - Director
- Merrill Dean Froney Jr - Director
The latest financial statements of Master Fluid Solutions (India) 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 Master Fluid Solutions (India) is 27AAECM6715B1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Master Fluid Solutions (India) is U24111PN2006FTC149415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Fluid Solutions (India) has 1 court case on record: 1 filed by the company.
Master Fluid Solutions (India) was incorporated on 09 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Master Fluid Solutions (India) has 2 deals on record (2 secondary share transfers); the latest was in September 2016.
Nijaruna Niranjan was appointed as Director on 05 Jan 2024. Merrill Dean Froney Jr was appointed as Director on 20 Aug 2021. Kyle Raymond Stoffer ceased to be Director on 31 Jul 2020. Master Fluid Solutions (India) has 10 board changes on record in total.
Yes, Master Fluid Solutions (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0021358).
Master Fluid Solutions (India) has 8 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 3 micro and small suppliers. The latest return was filed on 25 Apr 2024.