About Master Industries Private Limited
Data last updated:
Master Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 18 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15531MH1998PTC114034. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹61.8 Lakh. It is led by directors including Xerrxes Master (Managing Director) and Zeenia Percy Master.
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 22/D S A Brelvi Raodfort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.41 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net profit of ₹48,793 (net margin 11.1%) and EBITDA of ₹48,793 (EBITDA margin 11.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 26% over five years.
Court records list 13 cases involving the company, including 8 filed by the company and 4 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 mastergroups.com.
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- Website
- Social MediaLocked
- Registered Address22/D S A Brelvi Raodfort, Mumbai, Maharashtra, India – 400001
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
- 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
Financials of Master Industries Private Limited FY 2024 filings available
Master Industries Private Limited reported revenue of ₹4.41 Lakh (down 84% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Master Industries Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 84% fall in the latest year. EBITDA fell 79% 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 Industries 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 | ₹48,793 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48,793 | •••• | •••• | •••• | •••• |
| 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 Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.1% | •••• | •••• | •••• | •••• |
| 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 Master Industries 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 Industries Private Limited
Master Industries Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Highrise Spirits Private Limited | •••• | •••• | •••• | •••• | - | Chandigarh, India |
| Ganesha Bottling & Beverages Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Hopwards Private Limited | •••• | •••• | •••• | •••• | - | Nashik, Maharashtra, India |
| Jaiswal Distilleries Pvt Ltd | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Rocking Bombay Beverages Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Master Industries Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Mason and Summers Alcobev Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| A.B.Distilleries Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Bundelkhand Distilleries and Breweries Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Surya Spirits & Wines Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sudheer Bio Products Private Limited | •••• | •••• | •••• | •••• | - | Yakamuru, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Master Industries by revenue in the Food and Beverages industry (Alcoholic Beverages), 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 Industries Private Limited
Master Industries Private Limited is audited by S GANESH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S GANESH & ASSOCIATES | 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 Industries Private Limited
Master Industries has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Xerrxes Master Also directs: Master Marine Services Private Limited, Exm Project Movers Private Limited, Master Logiteck Private Limited and 2 more | Managing Director | 29 Sep 2007 | 19 Years 0 Months | Current |
| Zeenia Percy Master | Director | 01 Feb 2017 | 9 Years 8 Months | Current |
| Arin Percy Master | Director | 18 Mar 1998 | 28 Years 6 Months | Current |
| Percy Meher Master Also directs: Xenia Hospitality Solutions LLP, Master Marine Services Private Limited, Exm Project Movers Private Limited and 2 more | Director | 18 Mar 1998 | 28 Years 6 Months | Current |
Ownership and Shareholding of Master Industries 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 Master Industries Private Limited
Master Industries Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Master Industries Private Limited
Master Industries Private Limited has 13 court cases on record: 8 filed by Master Industries, 4 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 0 |
| District courts | 6 | 4 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CAO) | Filed by the company against Unique Agro Processors (India) Ltd. | Disposed |
| Bombay High Court | Court case (CAP) | Filed by the company against Unique Agro Processors (India) Ltd. | Disposed |
| Bombay High Court | Court case (RC) | Filed by the company against Unique Agro Processors (India) Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by an individual | Disposed |
Full case history
All 13 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 Master Industries Private Limited
Employment history and EPFO contributions of people linked to Master Industries.
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 Industries Private Limited
Master Industries Private Limited has 6 board changes on record since 1998: 4 appointments and 2 cessations. The latest: Zeenia Percy Master ceased to be Additional Director on 30 Nov 2021.
Credit Ratings, Litigation & Regulatory Alerts for Master Industries 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 Master Industries 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 Master Industries 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 Master Industries Private Limited
Master Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Industries 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 Master Industries Private Limited
Master Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 18 March 1998 (28+ years old) and is registered under CIN U15531MH1998PTC114034.
Master Industries reported revenue of ₹4.41 Lakh for FY 2024 (down 84% YoY).
Master Industries has 4 current directors:
- Xerrxes Master - Managing Director
- Zeenia Percy Master - Director
- Arin Percy Master - Director
- Percy Meher Master - Director
Master Industries reported a net profit of ₹48,793 (net margin 11.1%) and EBITDA of ₹48,793 (EBITDA margin 11.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Master Industries is -7% over three years and -26% over five years. In the latest year (FY 2024) revenue fell 84%. CAGR is the steady yearly rate that links the first and the last year.
No. Master Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Master Industries is U15531MH1998PTC114034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Industries has 13 court cases on record: 8 filed by the company and 4 filed against it. Most are in the high courts.
Master Industries was incorporated on 18 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Master Industries by revenue are Highrise Spirits Private Limited, Ganesha Bottling & Beverages Private Limited, Hopwards Private Limited, Jaiswal Distilleries Pvt Ltd, Rocking Bombay Beverages Private Limited and 5 more, all in the Food and Beverages industry (Alcoholic Beverages).
Zeenia Percy Master ceased to be Additional Director on 30 Nov 2021. Zeenia Percy Master was appointed as Director on 01 Feb 2017. Xerrxes Master ceased to be Director on 01 Jan 2008. Master Industries has 6 board changes on record in total.