MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-07-0000388
Masyc Projects Private Limited - machinery and equipment in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹204.19 Cr
▼ 13% YoY
Net profit · FY 2025
₹53.4 Cr
Net margin 26.2%
EBITDA · FY 2025
₹75.67 Cr
EBITDA margin 37.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹79.85 Lakh
Issued & subscribed
Open charges
₹7.5 Cr
Satisfied ₹20.59 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
187
Provident fund records
About Masyc Projects Private Limited
Data last updated:
Masyc Projects Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 18 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1990PTC038957. Its GSTIN is 07AAACM0173D2ZZ (Delhi). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹79.85 Lakh. It is led by directors Vijay Bikhchandani (Managing Director) and Ved Bhushan Bhatia (Managing Director).
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 Plot No. 23 Community Centre Mayapuri Phase – 1 New Delhi – 110064, Delhi, India – 110064.
As per the financials filed for FY 2025, the company reported a revenue of ₹204.19 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹53.4 Cr (net margin 26.2%) and EBITDA of ₹75.67 Cr (EBITDA margin 37.1%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 4% over five years.
The company has about 187 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MASYC. As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹20.59 Cr on record. Court records list 115 cases involving the company, including 73 filed by the company and 40 filed against it; 12 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹82.2 Lakh; the latest was in March 2011. Its 10 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Tega Mcnally Minerals Limited with revenue of ₹219.15 Cr. The company has 18 MSME Form 1 returns on record between 2018 and 2024, listing 263 overdue payments to 28 micro and small suppliers.
Masyc Projects Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-07-0000388). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website masycproject.com.
Company Details of Masyc Projects Private Limited
CIN U74899DL1990PTC038957
Registration Number 038957
Incorporation Date 18 January 1990
ROC Delhi
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 Medium
Udyam Registration UDYAM-HR-07-0000388
Recognitions & Rankings of Masyc Projects
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 23 Community Centre Mayapuri Phase – 1 New Delhi – 110064, Delhi, India – 110064
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
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Associated Brands with Masyc Projects Private Limited
Masyc Projects operates one associated brand: MASYC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bulk material handling systems and equipment manufacturing in India. | masycproject.com |
Business Activity of Masyc Projects Private Limited
The main business activity of Masyc Projects is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Masyc Projects Private Limited FY 2024 filings available
Masyc Projects Private Limited reported revenue of ₹204.19 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹204.19 Cr ▼ 13%
Net profit · FY 2025
₹53.4 Cr margin 26.2%
EBITDA · FY 2025
₹75.67 Cr margin 37.1%
Compounded Annual Growth Rate (CAGR) of Masyc Projects Private Limited
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 20%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 34%
5 years · compounded
▲ 13%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 4% 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 Masyc Projects Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹75.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹53.4 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 Masyc Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 26.2% | •••• | •••• | •••• | •••• |
| 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 Masyc Projects are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Masyc Projects Private Limited
Masyc Projects has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Bikhchandani Also directs: Bel Tyne Products India Private Limited | Managing Director | 18 Jan 1990 | 36 Years 9 Months | Current |
| Ved Bhushan Bhatia Also directs: Bel Tyne Products India Private Limited | Managing Director | 10 Jul 1992 | 34 Years 3 Months | Current |
Peer Comparison of Masyc Projects Private Limited
Masyc Projects Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tega Mcnally Minerals Limited | ₹219.15 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Arb Conveyors Limited | ₹217.93 Cr (FY 2025) | •••• | •••• | 352.0% | •••• | Jalandhar, Punjab, India |
| Armstrong Robotics & Technologies Private Limited | ₹207.36 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Nashik, Maharashtra, India |
| Maini Materials Movement Private Limited | ₹207.25 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Alps Technologies Private Limited | ₹205.59 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Masyc Projects Private Limited this company | ₹204.19 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | New Delhi, Delhi, India |
| Sparkline Equipments Private Limited | ₹201.34 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Pimpri, Maharashtra, India |
| Kobelco Cranes India Private Limited | ₹196.23 Cr (FY 2017) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Indef Manufacturing Limited | ₹193.69 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Anupam Industries Limited | ₹187.51 Cr (FY 2024) | •••• | •••• | 97.0% | •••• | Vithal Udyognagar, Gujarat, India |
| Krishna Belts Private Limited | ₹179.1 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Sausar, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Masyc Projects by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Masyc Projects Private Limited
Masyc Projects Private Limited is audited by S. Bansal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. Bansal & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Masyc Projects Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Masyc Projects Private Limited
Open charges
₹7.5 Cr
Satisfied charges
₹20.59 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Feb 2016 | Bank of India | ₹7.5 Cr | Open |
| 12 Mar 2009 | Bank of India | ₹8.5 Lakh | Satisfied |
| 19 Jun 2006 | Bank of India | ₹9.5 Cr | Satisfied |
| 19 Jun 2006 | Bank of India | ₹9.5 Cr | Satisfied |
| 09 Mar 2002 | Bank of India | ₹1.5 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Masyc Projects Private Limited
Masyc Projects Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹82.2 Lakh; the latest was in March 2011.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹82.2 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2009 | Funding round | ₹82.2 Lakh | Investors: 3 individuals |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Masyc Projects Private Limited
Masyc Projects Private Limited has 115 court cases on record: 73 filed by Masyc Projects, 40 filed against it, 2 where it is another party. 12 cases are pending and 103 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Total cases
115
Filed by the company
73
Filed against the company
40
Pending
12
Disposed
103
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 76 | 20 | 9 |
| District courts | 34 | 19 | 3 |
| NCLAT | 3 | 0 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 115)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CO) | Filed against the company by Hiranmaye Energy Limited | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Electrotherm (India) Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed by the company against Electrotherm (India) Limited | Pending |
| Calcutta High Court | Court case (EOS) | Filed by the company against Nilachal Iron & Power Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Hiranmaye Energy Limited | Disposed |
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Full case history
All 115 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Masyc Projects Private Limited
Masyc Projects Private Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 263 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Jayashree Electrodevices Pvt Ltd | •••• | •••• | •••• |
| Jayashree Electron Pvt Ltd | •••• | •••• | •••• |
| Kaveri Ultra Polymers Private Limited | •••• | •••• | •••• |
| BMH Concare Technology Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 18 MSME Form 1 returns is in the company report.
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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 Masyc Projects Private Limited
Masyc Projects Private Limited has a workforce of 187 employees as of Apr 09, 2024.
Employee count
187
Active EPFO establishments
2
Employee growth
1.63%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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Recent Activity on Masyc Projects Private Limited
Masyc Projects Private Limited has 3 board changes on record since 1990: 2 appointments and 1 cessation. The latest: Ved Bhushan Bhatia ceased to be Whole-Time Director on 01 Jan 2018.
AGM
Masyc Projects Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Masyc Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Ved Bhushan Bhatia ceased to be Whole-Time Director.
Charges
A charge registered on 19 Jun 2006 via Charge ID 10006809 with Bank Of India was fully satisfied on 11 Mar 2016.
Charges
A charge registered on 19 Jun 2006 via Charge ID 10012435 with Bank Of India was fully satisfied on 11 Mar 2016.
Charges
A charge registered on 09 Mar 2002 via Charge ID 80005790 with Bank Of India was fully satisfied on 11 Mar 2016.
Charges
A charge with Bank Of India amounted to Rs. 7.50 Cr with Charge ID 10625340 was registered on 11 Feb 2016.
Charges
A charge registered on 12 Mar 2009 via Charge ID 10152622 with Bank Of India was fully satisfied on 01 Feb 2013.
Charges
A charge with Bank Of India amounted to Rs. 0.09 Cr with Charge ID 10152622 was registered on 12 Mar 2009.
Charges
A charge with Bank Of India amounted to Rs. 9.50 Cr with Charge ID 10006809 was registered on 19 Jun 2006.
Charges
A charge with Bank Of India amounted to Rs. 9.50 Cr with Charge ID 10012435 was registered on 19 Jun 2006.
Charges
A charge with Bank Of India of Rs. 1.50 Cr registered on 09 Mar 2002 with Charge ID 80005790 was modified on 19 Jun 2006.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Masyc Projects Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Masyc Projects Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Masyc Projects Private Limited
Masyc Projects has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACM0173D2ZZ | Delhi | Active | 26 Jul 2017 |
| 06AAACM0173D1Z2 | Haryana | Active | 01 Jul 2017 |
| 24AAACM0173D1Z4 | Gujarat | Active | 25 Feb 2025 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Masyc Projects Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Masyc Projects Private Limited
Masyc Projects is an active private limited company based in New Delhi, Delhi, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 18 January 1990 (36+ years old) and is registered under CIN U74899DL1990PTC038957.
Masyc Projects reported revenue of ₹204.19 Cr for FY 2025 (down 13% YoY).
Masyc Projects has 2 current directors:
- Vijay Bikhchandani - Managing Director
- Ved Bhushan Bhatia - Managing Director
Masyc Projects reported a net profit of ₹53.4 Cr (net margin 26.2%) and EBITDA of ₹75.67 Cr (EBITDA margin 37.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Masyc Projects is 20% over three years and 4% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Masyc Projects is 07AAACM0173D2ZZ, registered in Delhi. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAACM0173D1Z2 (Haryana), 24AAACM0173D1Z4 (Gujarat).
The CIN (Corporate Identification Number) of Masyc Projects is U74899DL1990PTC038957. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Masyc Projects has 115 court cases on record: 73 filed by the company and 40 filed against it. 12 are pending. Most are in the high courts.
Masyc Projects was incorporated on 18 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Delhi.
Masyc Projects has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹82.2 Lakh; the latest was in March 2011.
The peers of Masyc Projects by revenue are Tega Mcnally Minerals Limited, Arb Conveyors Limited, Armstrong Robotics & Technologies Private Limited, Maini Materials Movement Private Limited, Alps Technologies Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Ved Bhushan Bhatia ceased to be Whole-Time Director on 01 Jan 2018. Ved Bhushan Bhatia was appointed as Managing Director on 10 Jul 1992. Vijay Bikhchandani was appointed as Managing Director on 18 Jan 1990.