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.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address17/171 B Kothrudindustrial Estate, Pune, Maharashtra, India – 411038
- IndustryMachinery and Equipment, Packaging Machinery & Equipment
- 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 Master Handlers Pvt Ltd
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 | 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 | Locked |
| 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 Master Handlers Pvt Ltd FY 2024 filings available
Master Handlers Pvt Ltd reported revenue of ₹70.63 Cr (up 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Master Handlers Pvt Ltd
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 of Master Handlers Pvt Ltd
| 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 of Master Handlers Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Master Handlers 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 Master Handlers Pvt Ltd
Master Handlers Pvt Ltd is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Packaging Machines). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elmach Packages (India) Private Limited | •••• | •••• | •••• | •••• | 164 | Mumbai, Maharashtra, India |
| Lohia Trade Services Private Limited | •••• | •••• | •••• | •••• | 1,733 | Swarup Nagar, Uttar Pradesh, India |
| Pratham Technologies Private Limited | •••• | •••• | •••• | •••• | 166 | Pune, Maharashtra, India |
| Galaxy Packtech Private Limited | •••• | •••• | •••• | •••• | 137 | Greater Noida, Uttar Pradesh, India |
| Ecosure Pulpmolding Technologies Limited | •••• | •••• | •••• | •••• | 31 | East Delhi, Delhi, India |
| Master Handlers Pvt Ltd this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Kostwein India Company Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Unipack Engineering Private Limited | •••• | •••• | •••• | •••• | 156 | Vaghodia, Gujarat, India |
| Apt Tools & Machinery India Private Limited | •••• | •••• | •••• | •••• | 121 | Coimbatore, Tamil Nadu, India |
| Atul Automation Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Tech-Long Packaging Machinery India Private Limited | •••• | •••• | •••• | •••• | 42 | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Master Handlers by revenue in the Machinery and Equipment industry (Packaging Machines), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Master Handlers Pvt Ltd
Master Handlers Pvt Ltd is audited by M/S. MEHTA SHAH &CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/S. MEHTA SHAH &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 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suvarna Jaydeep Shah | Director | 23 Sep 1997 | 29 Years 0 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 |
Ownership and Shareholding of Master Handlers Pvt Ltd
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 Master Handlers Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Dec 2015 | State Bank of India Deccan Gymkhana Branch | ₹2.2 Cr | Open |
| 01 Nov 2010 | State Bank of India | ₹2.2 Cr | Open |
| 02 Jul 2003 | State Bank of India | ₹18 Lakh | Open |
| 09 Feb 2000 | State Bank of India | ₹15.3 Lakh | Open |
| 02 Nov 1993 | State Bank of India | ₹7.02 Cr | Open |
Total charge records: 5 View all charges
Legal Cases of Master Handlers Pvt Ltd
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. Status as checked between 29 Sep 2026 and 04 Oct 2026.
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 Bharat Heavy Electricals Limited | Pending |
| High Court of Uttarakhand | Court case (AO) | Filed against the company by Bharat Heavy Electricals Limited | Pending |
| High Court for State of Telangana | Court case (CCCA) | Filed against the company by Sanathnagar Enterprises Limited | Pending |
| High Court for State of Telangana | Court case (CCCA) | Filed by the company against Bakelite Hylam Limited. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Bullows Paint Equipment Private Limited | Pending |
Full case history
All 31 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.
MSME Payment Delays by Master Handlers Pvt Ltd
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Master Handlers Pvt Ltd
Employment history and EPFO contributions of people linked to Master Handlers.
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 Master Handlers Pvt Ltd
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.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Master Handlers Pvt Ltd
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.
Subsidiaries & Group Companies of Master Handlers Pvt Ltd
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 Master Handlers Pvt Ltd
Master Handlers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM1809K1ZH | 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 Master Handlers Pvt Ltd
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 Master Handlers Pvt Ltd
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 reported revenue of ₹70.63 Cr for FY 2024 (up 47% YoY).
Master Handlers has 3 current directors:
- Suvarna Jaydeep Shah - Director
- Jaydeep Jayantilal Shah - Director
- Gaurav Jaydeep Shah - Director
Master Handlers reported a net profit of ₹12.34 Cr (net margin 17.5%) and EBITDA of ₹18.54 Cr (EBITDA margin 26.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Master Handlers is 82% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
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 and 5 more, all in the Machinery and Equipment industry (Packaging Machines).
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.
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.