About Masters India Private Limited
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Masters India Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 21 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24202DL1999PTC099890. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Sanjay Goyal and Ashok Gupta.
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 340/43 Second Floor Main Gt Road, Freinds Colony Indl. Area, New Delhi, Delhi, India – 110095.
As per the financials filed for FY 2025, the company reported a revenue of ₹619.78 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.99 Cr (net margin 0.6%) and EBITDA of ₹19.77 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 39% over five years.
The company has about 264 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Masters India. As per MCA filings, the company has open charges of ₹122.99 Cr and satisfied charges of ₹20.89 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 4 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 mastersindia.net.
Company details
CIN history
Masters India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24202DL1999PTC099890, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24202DL1999PTC099890 | Current |
| U44010DL1999PTC099890 | Previous |
| U72100DL1999PTC099890 | Previous |
Contact details
Masters India Private Limited's registered office is in New Delhi, Delhi. Its website is mastersindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address340/43 Second Floor Main Gt Road, Freinds Colony Indl. Area, New Delhi, Delhi, India – 110095
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Masters India Private Limited, buy the company report.
- 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
Brands
Masters India operates one associated brand: Masters India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides GST software, APIs, and tools for tax compliance and invoicing services. | mastersindia.co |
Business activity
The main business activity of Masters India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Masters India Private Limited, buy the company report.
Financials of Masters India Private Limited
FY 2025 filings availableMasters India Private Limited reported revenue of ₹619.78 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 25% growth in the latest year. EBITDA rose 242% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹619.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.99 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Masters India Private Limited, buy the company report.
Board of directors of Masters India Private Limited
Masters India 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 |
|---|---|---|---|---|
| Sanjay Goyal Also directs: Sa Aluminium Wires Private Limited | Director | 21 May 1999 | 27 Years 5 Months | Current |
| Ashok Gupta | Director | 21 May 1999 | 27 Years 5 Months | Current |
| Himank Goyal | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Utkarsh Gupta Also directs: Masters Non Ferrous India Private Limited, Cortal Tech Private Limited, Masters India Seva Foundation and 2 more | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
Peer comparison
Masters India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sree Sumangala Metals and Industries Private Limited | ₹682.33 Cr (FY 2024) | -14.0% | Chennai, Tamil Nadu, India | |||
| Shivalik Engineering Industries Limited | ₹663.16 Cr (FY 2025) | -4.0% | Durg, Chhattisgarh, India | |||
| Masters India Private Limitedthis company | ₹619.78 Cr (FY 2025) | ₹3.99 Cr | 0.6% | 25.0% | 264 | New Delhi, Delhi, India |
| Raajratna Ventures Limited | ₹564.35 Cr (FY 2025) | 22.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Masters India Private Limited, buy the company report.
Auditor
Masters India Private Limited is audited by SANJAY GULAB & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY GULAB & CO | FY 2023 | 012598N |
Shareholding
The shareholding of Masters 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 Masters India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101216783 | Hdfc Bank Limited | ₹18 Cr | Open | |
| 22 Mar 2023 | 100722281 | Hdfc Bank Limited | ₹10.66 Lakh | Open | |
| 07 Nov 2016 | 100072855 | Hdfc Bank Limited | ₹104.89 Cr | Open | |
| 17 May 2022 | 100581786 | Hdfc Bank Limited | ₹33.74 Lakh | Satisfied | |
| 19 Feb 2022 | 100562939 | Hdfc Bank Limited | ₹37 Lakh | Satisfied |
To see the full charge records of Masters India Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Masters India Private Limited has 12 court cases on record: 5 filed by Masters India, 7 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 4 | 3 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Micra Systems Private Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Micra Systems Pvt. Ltd. G-1 Plot No. 8, Sector-1, Vaishali ,Ghaziabad , Uttar Pradesh | Disposed |
| District court, Shahdara, Delhi | Criminal case | Filed by the company against M/S. Tentiwala Metal Products Ltd Etc | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Leshine Overseas by Proprietor Leon Augustine Dsouza | Pending |
To see the full case history of Masters 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
Masters India Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 23 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Ceraflux India Private Limited | |||
| Hindustan Apparatus Mfg.Co. | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Masters India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Masters India Private Limited has a workforce of 264 employees on its EPFO records as of Nov 07, 2024, across 1 active EPFO establishment.
GST
Masters India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Masters India Private Limited, buy the company report.
Recent activity
Masters India Private Limited has 4 board changes on record since 1999: 4 appointments. The latest: Himank Goyal was appointed as Director on 30 Sep 2024.
18 earlier events are in the company report.
Frequently asked questions
Masters India is an active private limited company based in New Delhi, Delhi, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 21 May 1999 (27+ years old) and is registered under CIN U24202DL1999PTC099890.
Masters India has 4 current directors:
- Sanjay Goyal - Director
- Ashok Gupta - Director
- Himank Goyal - Director
- Utkarsh Gupta - Director
The latest financial statements of Masters 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.
No. Masters India has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Masters India is U24202DL1999PTC099890. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Masters India has 12 court cases on record: 5 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Masters India was incorporated on 21 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Masters India by revenue are Sree Sumangala Metals and Industries Private Limited, Shivalik Engineering Industries Limited, Raajratna Ventures Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Himank Goyal was appointed as Director on 30 Sep 2024. Utkarsh Gupta was appointed as Director on 30 Sep 2024. Ashok Gupta was appointed as Director on 21 May 1999. Masters India has 4 board changes on record in total.
Masters India has 7 MSME Form 1 returns on record between 2019 and 2024, listing 23 overdue payments to 23 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Masters India can be reached through the website mastersindia.net. Its registered office is in New Delhi, Delhi, India.
The registered office of Masters India is at 34043 Second Floor Main Gt Road, Freinds Colony Indl. Area, New Delhi, Delhi, India – 110095.