MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0218969
Mayuresh Gears Private Limited - automotive in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹99.58 Lakh
▲ 221% YoY
Net loss · FY 2025
₹5.61 Lakh
Net margin -5.6%
EBITDA · FY 2025
-₹3.44 Lakh
EBITDA margin -3.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Satisfied charges
₹2.04 Cr
No open charges
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About Mayuresh Gears Private Limited
Data last updated:
Mayuresh Gears Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 25 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29130MH2004PTC147143. Its GSTIN is 27AADCM9746M1ZR (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Mahendra Kashinath Avle and Shilpa Mahendra Avle.
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 1/103 Prathmesh Heritage Chs Beverly Park Navghar Lane Kanakia Road Miraroad(E), Thane, Maharashtra, India – 401107.
As per the financials filed for FY 2025, the company reported a revenue of ₹99.58 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.61 Lakh (net margin -5.6%) and EBITDA of -₹3.44 Lakh (EBITDA margin -3.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 24% over five years.
The company is associated with 1 brand: Mayuresh Gears. As per MCA filings, the company has satisfied charges of ₹2.04 Cr on record.
Mayuresh Gears Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0218969). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mayureshgears.com.
Company Details of Mayuresh Gears Private Limited
CIN U29130MH2004PTC147143
Registration Number 147143
Incorporation Date 25 June 2004
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 Micro
Udyam Registration UDYAM-MH-33-0218969
Recognitions & Rankings of Mayuresh Gears
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1/103 Prathmesh Heritage Chs Beverly Park Navghar Lane Kanakia Road Miraroad(E), Thane, Maharashtra, India – 401107
- IndustryAutomotive, Auto Parts & Components
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Associated Brands with Mayuresh Gears Private Limited
Mayuresh Gears operates one associated brand: Mayuresh Gears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of gears, gear boxes, and geared motors for industrial applications in India. | mayureshgears.com |
Business Activity of Mayuresh Gears Private Limited
The main business activity of Mayuresh Gears is manufacturing. In detail, this covers manufacture of other transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 30 | Manufacture of other transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Mayuresh Gears Private Limited FY 2025 filings available
Mayuresh Gears Private Limited reported revenue of ₹99.58 Lakh (up 221% YoY) for FY 2025.
Revenue · FY 2025
₹99.58 Lakh ▲ 221%
Net loss · FY 2025
₹5.61 Lakh margin -5.6%
EBITDA · FY 2025
-₹3.44 Lakh margin -3.5%
Compounded Annual Growth Rate (CAGR) of Mayuresh Gears Private Limited
Revenue CAGR growth
1 year
▲ 221%
3 years · compounded
▼ 10%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▲ 21%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 221% growth in the latest year. EBITDA rose 21% 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 Mayuresh Gears 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 | -₹3.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.61 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 Mayuresh Gears Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Mayuresh Gears 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 Mayuresh Gears Private Limited
Mayuresh Gears has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Kashinath Avle | Director | 25 Jun 2004 | 22 Years 3 Months | Current |
| Shilpa Mahendra Avle | Director | 25 Jun 2004 | 22 Years 3 Months | Current |
Peer Comparison of Mayuresh Gears Private Limited
Mayuresh Gears Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ezytek Clean Private Limited | ₹1.02 Cr (FY 2024) | •••• | •••• | -58.0% | •••• | Delhi, India |
| NKD Sintered Products Private Limited | ₹1.01 Cr (FY 2020) | •••• | •••• | 162.0% | •••• | Jaipur, Rajasthan, India |
| Carline Auto Pvt Ltd | ₹1 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Satara, Maharashtra, India |
| Spark Automech Private Limited | ₹1 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Nashik, Maharashtra, India |
| Funex Technologies Private Limited | ₹1 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Jahangir Puri, Delhi, India |
| Mayuresh Gears Private Limited this company | ₹99.58 Lakh (FY 2025) | •••• | •••• | 221.0% | •••• | Thane, Maharashtra, India |
| Naarni Technology Solutions Private Limited | ₹99.56 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Kumoh Ems India Private Limited | ₹99.52 Lakh (FY 2025) | •••• | •••• | •••• | Tiruvallur, Tamil Nadu, India | |
| A.N.B. Auto (India) Private Limited | ₹99.34 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Delhi, India |
| Hartex Tubes Private Limited | ₹99.32 Lakh (FY 2025) | •••• | •••• | 847.0% | •••• | Nagpur, Maharashtra, India |
| Aeron Beverages & Synthetics Private Limited | ₹99.17 Lakh (FY 2024) | •••• | •••• | 5.0% | •••• | Bareilly, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Mayuresh Gears by revenue in the Automobiles industry (Auto Ancillary), 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 Mayuresh Gears Private Limited
Mayuresh Gears Private Limited is audited by Girish Shah & Associates for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Girish Shah & Associates | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Mayuresh Gears 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 Mayuresh Gears Private Limited
Open charges
None
Satisfied charges
₹2.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2013 | State Bank of India | ₹64.85 Lakh | Satisfied |
| 18 Jun 2010 | The Shamrao Vithal Co-Op. Bank Limited | ₹32 Lakh | Satisfied |
| 15 Dec 2009 | The Shamrao Vithal Co-Op. Bank Limited | ₹50 Lakh | Satisfied |
| 10 May 2007 | Idbi Ltd. | ₹7.38 Lakh | Satisfied |
| 31 Dec 2006 | Idbi Bank Limited | ₹50 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Mayuresh Gears Private Limited
Employment history and EPFO contributions of people linked to Mayuresh Gears.
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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 Mayuresh Gears Private Limited
Mayuresh Gears Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Mahendra Kashinath Avle was appointed as Director on 25 Jun 2004.
AGM
Mayuresh Gears Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mayuresh Gears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 25 Mar 2013 via Charge ID 10419857 with State Bank Of India was fully satisfied on 29 Mar 2017.
Charges
A charge registered on 18 Jun 2010 via Charge ID 10228920 with The Shamrao Vithal Co-Op. Bank Limited was fully satisfied on 08 Apr 2013.
Charges
A charge registered on 15 Dec 2009 via Charge ID 10197930 with The Shamrao Vithal Co-Op. Bank Limited was fully satisfied on 08 Apr 2013.
Charges
A charge with State Bank Of India amounted to Rs. 64.85 Lakh with Charge ID 10419857 was registered on 25 Mar 2013.
Charges
A charge with The Shamrao Vithal Co-Op. Bank Limited of Rs. 50.00 Lakh registered on 15 Dec 2009 with Charge ID 10197930 was modified on 13 Apr 2011.
Charges
A charge with The Shamrao Vithal Co-Op. Bank Limited amounted to Rs. 32.00 Lakh with Charge ID 10228920 was registered on 18 Jun 2010.
Charges
A charge registered on 10 May 2007 via Charge ID 10088783 with Idbi Ltd. was fully satisfied on 03 Jun 2010.
Charges
A charge registered on 31 Dec 2006 via Charge ID 10088807 with Idbi Bank Limited was fully satisfied on 17 Feb 2010.
Charges
A charge with The Shamrao Vithal Co-Op. Bank Limited amounted to Rs. 50.00 Lakh with Charge ID 10197930 was registered on 15 Dec 2009.
Charges
A charge with Idbi Bank Limited of Rs. 50.00 Lakh registered on 31 Dec 2006 with Charge ID 10088807 was modified on 08 Aug 2008.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mayuresh Gears Private Limited
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MSME Payment Delays by Mayuresh Gears Private Limited
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Subsidiaries & Group Companies of Mayuresh Gears Private Limited
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GST Compliance of Mayuresh Gears Private Limited
Mayuresh Gears has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM9746M1ZR | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Mayuresh Gears Private Limited
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Frequently Asked Questions about Mayuresh Gears Private Limited
Mayuresh Gears is an active private limited company based in Thane, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 25 June 2004 (22+ years old) and is registered under CIN U29130MH2004PTC147143.
Mayuresh Gears reported revenue of ₹99.58 Lakh for FY 2025 (up 221% YoY).
Mayuresh Gears has 2 current directors:
- Mahendra Kashinath Avle - Director
- Shilpa Mahendra Avle - Director
Mayuresh Gears reported a net loss of ₹5.61 Lakh (net margin -5.6%) and EBITDA of -₹3.44 Lakh (EBITDA margin -3.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mayuresh Gears is -10% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 221%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mayuresh Gears is 27AADCM9746M1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mayuresh Gears is U29130MH2004PTC147143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayuresh Gears was incorporated on 25 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mayuresh Gears by revenue are Ezytek Clean Private Limited, NKD Sintered Products Private Limited, Carline Auto Pvt Ltd, Spark Automech Private Limited, Funex Technologies Private Limited and 5 more, all in the Automobiles industry (Auto Ancillary).
Mahendra Kashinath Avle was appointed as Director on 25 Jun 2004. Shilpa Mahendra Avle was appointed as Director on 25 Jun 2004.
Yes, Mayuresh Gears is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0218969).