MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0089498
Master Handlers Pvt Ltd - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹70.63 Cr
▲ 47% YoY
Net profit · FY 2024
₹12.34 Cr
Net margin 17.5%
EBITDA · FY 2024
₹18.54 Cr
EBITDA margin 26.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹99.7 Lakh
Issued & subscribed
Open charges
₹11.75 Cr
Secured borrowings
Company age
40 yrs
Est. 1986
Directors on board
3
As per MCA filings
About Master Handlers Pvt Ltd
Data last updated:
Master Handlers Pvt Ltd is a private limited company based in Pune, Maharashtra, India. It operates in the packaging machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 03 June 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31200MH1986PTC039998. Its GSTIN is 27AABCM1809K1ZH (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹99.7 Lakh. It is led by directors including Suvarna Jaydeep Shah and Jaydeep Jayantilal Shah.
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 17/171 B Kothrudindustrial Estate, Pune, Maharashtra, India – 411038.
As per the financials filed for FY 2024, the company reported a revenue of ₹70.63 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹12.34 Cr (net margin 17.5%) and EBITDA of ₹18.54 Cr (EBITDA margin 26.3%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹11.75 Cr on record. Court records list 31 cases involving the company, including 20 filed by the company and 11 filed against it; 11 cases are pending.
Master Handlers Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0089498). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website masterhandlers.in.
Company details
CIN U31200MH1986PTC039998
Registration Number 039998
Incorporation Date 03 June 1986
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0089498
Key People
Suvarna Jaydeep Shah Director Jaydeep Jayantilal Shah Director Gaurav Jaydeep Shah Director Recognitions & Rankings of Master Handlers
Contact details
Master Handlers Pvt Ltd's registered office is in Pune, Maharashtra. Its website is masterhandlers.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address17/171 B Kothrudindustrial Estate, Pune, Maharashtra, India – 411038
- IndustryMachinery and Equipment, Packaging Machinery & Equipment
To see the full contact details of Master Handlers Pvt Ltd, buy the company report.
Comprehensive company report
Master Handlers Pvt Ltd - 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 Handlers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Master Handlers Pvt Ltd, buy the company report.
Financials of Master Handlers Pvt Ltd
FY 2024 filings availableMaster Handlers Pvt Ltd reported revenue of ₹70.63 Cr (up 47% YoY) for FY 2024.
Revenue · FY 2024
₹70.63 Cr ▲ 47%
Net profit · FY 2024
₹12.34 Cr margin 17.5%
EBITDA · FY 2024
₹18.54 Cr margin 26.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 82%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 232%
3 years · compounded
▲ 237%
5 years · compounded
▲ 45%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 47% growth in the latest year. EBITDA rose 232% 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 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 | ₹18.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.34 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.3% | ||||
| Net Profit Margin | 17.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Master Handlers Pvt Ltd, buy the company report.
Board of directors of Master Handlers Pvt Ltd
Master Handlers has 3 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 |
|---|---|---|---|---|
| Suvarna Jaydeep Shah | Director | 23 Sep 1997 | 29 Years 1 Months | Current |
| Jaydeep Jayantilal Shah Also directs: Jiviba Engineering LLP, Master Handlers (Guj) Private Limited, Master Automation and Robotics Private Limited and 3 more | Director | 03 Jun 1986 | 40 Years 4 Months | Current |
| Gaurav Jaydeep Shah | Director | 01 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Master Handlers Pvt Ltd is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elmach Packages (India) Private Limited | ₹101.5 Cr (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Lohia Trade Services Private Limited | ₹88.82 Cr (FY 2025) | 363.0% | Swarup Nagar, Uttar Pradesh, India | |||
| Pratham Technologies Private Limited | ₹88.18 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| Galaxy Packtech Private Limited | ₹77.46 Cr (FY 2025) | 29.0% | Greater Noida, Uttar Pradesh, India | |||
| Ecosure Pulpmolding Technologies Limited | ₹71.73 Cr (FY 2025) | 43.0% | Delhi, India | |||
| Master Handlers Pvt Ltdthis company | ₹70.63 Cr (FY 2024) | ₹12.34 Cr | 17.5% | 47.0% | Pune, Maharashtra, India |
To see the full peer comparison of Master Handlers Pvt Ltd, buy the company report.
Auditor
Master Handlers Pvt Ltd is audited by M/S. MEHTA SHAH &CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S. MEHTA SHAH &CO | FY 2023 | 141698W/W100211 |
Shareholding
The shareholding of Master Handlers Pvt Ltd 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 Handlers Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹11.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2015 | 10616851 | State Bank of India Deccan Gymkhana Branch | ₹2.2 Cr | Open | |
| 01 Nov 2010 | 10251816 | State Bank of India | ₹2.2 Cr | Open | |
| 02 Jul 2003 | 90092211 | State Bank of India | ₹18 Lakh | Open | |
| 09 Feb 2000 | 90091171 | State Bank of India | ₹15.3 Lakh | Open | |
| 02 Nov 1993 | 90089894 | State Bank of India | ₹7.02 Cr | Open |
To see the full charge records of Master Handlers Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Master Handlers Pvt Ltd has 31 court cases on record: 20 filed by Master Handlers, 11 filed against it. 11 cases are pending and 20 are disposed.
Total cases
31
Filed by the company
20
Filed against the company
11
Pending
11
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 7 | 6 |
| High courts | 9 | 4 | 5 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Ms Bharat Heavy Electricals Limited | Pending |
| High Court, UTTARAKHAND | Court case (AO) | Filed against the company by Bharat Heavy Electricals Limited Bhel | Pending |
| High Court, TELANGANA | Court case (CCCA) | Filed against the company by M/S.Bakelite Hylam Ltd | Pending |
| High Court, TELANGANA | Court case (CCCA) | Filed by the company against Bakelite Hylam Ltd | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Bullows Paint Equipment Pvt. Ltd. | Pending |
To see the full case history of Master Handlers Pvt Ltd, 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 Handlers Pvt Ltd has 5 MSME Form 1 returns on record between 2015 and 2019, listing 99 overdue payments to 94 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 (5 of 94)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pioneer Ispat Private Limited | |||
| Grindtech Industries | |||
| M.M.Enterprises | |||
| an individual supplier | |||
| Acme Traders |
To see the full MSME payment records of Master Handlers Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Master Handlers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM1809K1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Master Handlers Pvt Ltd, buy the company report.
Recent activity
Master Handlers Pvt Ltd has 8 board changes on record since 1986: 3 appointments and 5 cessations. The latest: Gaurav Jaydeep Shah was appointed as Director on 01 Mar 2023.
AGM
Master Handlers Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Master Handlers Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Appointed
Gaurav Jaydeep Shah was appointed as Director.
Ceased
Sambhav Kamlesh Shah ceased to be Additional Director.
Ceased
Mohit Hasmukhlal Shah ceased to be Director.
Ceased
Prakash Subramaniam ceased to be Managing Director.
Charges
A charge with State Bank Of India of Rs. 7.02 Cr registered on 02 Nov 1993 with Charge ID 90089894 was modified on 11 Mar 2021.
Ceased
Gaurav Jaydeep Shah ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 2.20 Cr registered on 01 Nov 2010 with Charge ID 10251816 was modified on 13 Apr 2017.
Ceased
Pradeep Gopalrao Chapalgaonkar ceased to be Additional Director.
Charges
A charge with State Bank Of India Deccan Gymkhana Branch amounted to Rs. 2.20 Cr with Charge ID 10616851 was registered on 03 Dec 2015.
Charges
A charge with State Bank Of India amounted to Rs. 2.20 Cr with Charge ID 10251816 was registered on 01 Nov 2010.
7 earlier events are in the company report.
Frequently asked questions
Master Handlers is an active private limited company based in Pune, Maharashtra, India. The company works in packaging machinery and equipment, within the machinery and equipment industry. It was incorporated on 03 June 1986 (40+ years old) and is registered under CIN U31200MH1986PTC039998.
Master Handlers has 3 current directors:
- Suvarna Jaydeep Shah - Director
- Jaydeep Jayantilal Shah - Director
- Gaurav Jaydeep Shah - Director
The latest financial statements of Master Handlers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Master Handlers is 27AABCM1809K1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Master Handlers is U31200MH1986PTC039998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Handlers has 31 court cases on record: 20 filed by the company and 11 filed against it. 11 are pending. Most are in the district courts.
Master Handlers was incorporated on 03 June 1986, making it 40+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Master Handlers by revenue are Elmach Packages (India) Private Limited, Lohia Trade Services Private Limited, Pratham Technologies Private Limited, Galaxy Packtech Private Limited, Ecosure Pulpmolding Technologies Limited, all in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Gaurav Jaydeep Shah was appointed as Director on 01 Mar 2023. Sambhav Kamlesh Shah ceased to be Additional Director on 30 Nov 2021. Mohit Hasmukhlal Shah ceased to be Director on 15 Sep 2021. Master Handlers has 8 board changes on record in total.
Yes, Master Handlers is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0089498).
Master Handlers has 5 MSME Form 1 returns on record between 2015 and 2019, listing 99 overdue payments to 94 micro and small suppliers. The latest return was filed on 05 Jun 2019.
Master Handlers can be reached through the website masterhandlers.in. Its registered office is in Pune, Maharashtra, India.
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