MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0056616
_PRIVATE_LIMITED.webp)
May Projects (India) Private Limited - consumer electronics & durables in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.27 Cr
▼ 30% YoY
Net loss · FY 2025
₹4 Lakh
Net margin -0.3%
EBITDA · FY 2025
₹81.6 Lakh
EBITDA margin 5.7%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2.98 Lakh
Issued & subscribed
Open charges
₹2.95 Cr
Satisfied ₹11.04 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
44
Provident fund records
About May Projects (India) Private Limited
Data last updated:
May Projects (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 30 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36100MH2008PTC181775. Its GSTIN is 27AAFCM5655B1ZK (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.98 Lakh. It was formerly known as May Consultants (India) Private Limited and May Office Systems (I) Private Limited. It is led by directors Himanee Jai Mrug and Ishan Harish Thacker.
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 S – 204 Near Anandraj Industrial Estate Lbs Marg Sonapur Bhandup (W), Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.27 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹4 Lakh (net margin -0.3%) and EBITDA of ₹81.6 Lakh (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.95 Cr and satisfied charges of ₹11.04 Cr on record.
May Projects (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0056616). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mayindia.com.
Company Details of May Projects (India) Private Limited
CIN U36100MH2008PTC181775
Registration Number 181775
Incorporation Date 30 April 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0056616
Name History of May Projects (India) Private Limited
May Projects (India) has undergone 2 name changes throughout its history. The company was previously known as May Consultants (India) Private Limited, and May Office Systems (I) Private Limited. The current legal name is May Projects (India) Private Limited.
| Company Name | Status |
|---|---|
| May Projects (India) Private Limited | Current |
| May Consultants (India) Private Limited | Previous |
| May Office Systems (I) Private Limited | Previous |
Recognitions & Rankings of May Projects (India)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS – 204 Near Anandraj Industrial Estate Lbs Marg Sonapur Bhandup (W), Mumbai, Maharashtra, India – 400078
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
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Business Activity of May Projects (India) Private Limited
The main business activities of May Projects (India) are trade and professional, scientific and technical. In detail, this covers retail trading and architecture, engineering activities, technical testing and analysis activities. 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 |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | 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 May Projects (India) Private Limited FY 2025 filings available
May Projects (India) Private Limited reported revenue of ₹14.27 Cr (down 30% YoY) for FY 2025.
Revenue · FY 2025
₹14.27 Cr ▼ 30%
Net loss · FY 2025
₹4 Lakh margin -0.3%
EBITDA · FY 2025
₹81.6 Lakh margin 5.7%
Compounded Annual Growth Rate (CAGR) of May Projects (India) Private Limited
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 5%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 19%
5 years · compounded
▲ 5%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 30% fall in the latest year. EBITDA fell 31% 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 May Projects (India) 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 | ₹81.6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4 Lakh | •••• | •••• | •••• | •••• |
| 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 May Projects (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.3% | •••• | •••• | •••• | •••• |
| 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 May Projects (India) are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of May Projects (India) Private Limited
May Projects (India) has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanee Jai Mrug | Director | 16 Apr 2019 | 7 Years 6 Months | Current |
| Ishan Harish Thacker | Director | 16 Apr 2019 | 7 Years 6 Months | Current |
Peer Comparison of May Projects (India) Private Limited
May Projects (India) Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Design, Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| HPR Synergy Engineering Private Limited | ₹14.34 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Hyderabad, Telangana, India |
| White Street Enterprises Private Limited | ₹14.33 Cr (FY 2025) | •••• | •••• | 84.0% | •••• | Jodhpur, Rajasthan, India |
| Glauben Designs Private Limited | ₹14.31 Cr (FY 2025) | •••• | •••• | 102.0% | •••• | Mumbai, Maharashtra, India |
| Active Designs Private Limited | ₹14.29 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Ernakulam, Kerala, India |
| Zigma Modular Systems Private Limited | ₹14.28 Cr (FY 2017) | •••• | •••• | -9.0% | •••• | Mysore, Karnataka, India |
| May Projects (India) Private Limited this company | ₹14.27 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Ark Furniture Private Limited | ₹14.25 Cr (FY 2025) | •••• | •••• | 219.0% | •••• | Ahmedabad, Gujarat, India |
| Stonehenge Infra & Logistics Private Limited | ₹14.25 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Bhubaneswar, Odisha, India |
| Vijay Punjabi Consultants Private Limited | ₹14.25 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Mumbai, Maharashtra, India |
| Collaborate Design and Build Private Limited | ₹14.21 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Hyderabad, Telangana, India |
| Craftmachine India Private Limited | ₹14.19 Cr (FY 2024) | •••• | •••• | 35969.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below May Projects (India) by revenue in the Engineering industry (Engineering Design, Furniture), 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 May Projects (India) Private Limited
May Projects (India) Private Limited is audited by Dhiraj H. Metha & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Dhiraj H. Metha & Co | 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 May Projects (India) Private Limited
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Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of May Projects (India) Private Limited
Open charges
₹2.95 Cr
Satisfied charges
₹11.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2025 | Others | ₹2 Cr | Open |
| 28 Mar 2024 | Others | ₹95 Lakh | Open |
| 21 Oct 2019 | State Bank of India | ₹11.04 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at May Projects (India) Private Limited
May Projects (India) Private Limited has a workforce of 44 employees as of Sep 25, 2024.
Employee count
44
Active EPFO establishments
1
Employee growth
2.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on May Projects (India) Private Limited
May Projects (India) Private Limited has 16 board changes on record since 2008: 9 appointments and 7 cessations. The latest: Varsha Umesh Rao ceased to be Director on 26 Feb 2020.
AGM
May Projects (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
May Projects (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 21 Oct 2019 via Charge ID 100304928 with State Bank Of India was fully satisfied on 28 Jan 2025.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 101043777 was registered on 27 Jan 2025.
Charges
A charge with Others amounted to Rs. 95.00 Lakh with Charge ID 100905745 was registered on 28 Mar 2024.
Charges
A charge with State Bank Of India of Rs. 1,103.52 Lakh registered on 21 Oct 2019 with Charge ID 100304928 was modified on 01 Jun 2020.
Ceased
Varsha Umesh Rao ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 1,103.52 Lakh with Charge ID 100304928 was registered on 21 Oct 2019.
Ceased
Deepak Narayan Jadhav ceased to be Director.
Appointed
Himanee Jai Mrug was appointed as Director.
Appointed
Ishan Harish Thacker was appointed as Director.
Appointed
Varsha Umesh Rao was appointed as Director.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for May Projects (India) Private Limited
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MSME Payment Delays by May Projects (India) Private Limited
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Subsidiaries & Group Companies of May Projects (India) Private Limited
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GST Compliance of May Projects (India) Private Limited
May Projects (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM5655B1ZK | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of May Projects (India) Private Limited
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Frequently Asked Questions about May Projects (India) Private Limited
May Projects (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 30 April 2008 (18+ years old) and is registered under CIN U36100MH2008PTC181775.
May Projects (India) reported revenue of ₹14.27 Cr for FY 2025 (down 30% YoY).
May Projects (India) has 2 current directors:
- Himanee Jai Mrug - Director
- Ishan Harish Thacker - Director
May Projects (India) reported a net loss of ₹4 Lakh (net margin -0.3%) and EBITDA of ₹81.6 Lakh (EBITDA margin 5.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of May Projects (India) is -5% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of May Projects (India) is 27AAFCM5655B1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of May Projects (India) is U36100MH2008PTC181775. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
May Projects (India) was incorporated on 30 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of May Projects (India) by revenue are HPR Synergy Engineering Private Limited, White Street Enterprises Private Limited, Glauben Designs Private Limited, Active Designs Private Limited, Zigma Modular Systems Private Limited and 5 more, all in the Engineering industry (Engineering Design, Furniture).
Varsha Umesh Rao ceased to be Director on 26 Feb 2020. Deepak Narayan Jadhav ceased to be Director on 16 Apr 2019. Himanee Jai Mrug was appointed as Director on 16 Apr 2019. May Projects (India) has 16 board changes on record in total.
Yes, May Projects (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0056616).