MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0026399
Mecords India Limited - manufacturing in Palghar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹142.76 Cr
▲ 11% YoY
Net profit · FY 2025
₹16.86 Cr
Net margin 11.8%
EBITDA · FY 2025
₹38.58 Cr
EBITDA margin 27%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹9.11 Cr
Issued & subscribed
Open charges
₹121.97 Cr
Satisfied ₹34.72 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
86
Provident fund records
About Mecords India Limited
Data last updated:
Mecords India Limited is a public limited company based in Palghar, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 26 September 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1990PLC058306. Its GSTIN is 27AAACM3324N1ZE (Maharashtra).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹9.11 Cr. It was formerly known as Mehta Cords Ltd. It is led by directors including Nitin Gopaldas Mehta (Managing Director) and Ajit Gopaldas Mehta (Whole-Time Director).
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 Palghar, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹142.76 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹16.86 Cr (net margin 11.8%) and EBITDA of ₹38.58 Cr (EBITDA margin 27%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 14% over five years.
The company has about 86 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹121.97 Cr and satisfied charges of ₹34.72 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 4 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹36.45 Cr; the latest was in February 2022. Its 10 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 5 smaller; the largest is Kumar Spintex Private Limited with revenue of ₹144.13 Cr.
Mecords India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0026399). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mecordsindia.com.
Company details
CIN U17100MH1990PLC058306
Registration Number 058306
Incorporation Date 26 September 1990
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 Medium
Udyam Registration UDYAM-MH-18-0026399
Name history
Mecords India has undergone 4 name changes throughout its history. The current legal name is Mecords India Limited.
| Company Name | Status |
|---|---|
| Mecords India Limited | Current |
| Mehta Cords Ltd | Previous |
| Sadhana Cords Pvt Ltd | Previous |
| Mehta Cords Pvt Ltd | Previous |
CIN history
Mecords India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17100MH1990PLC058306, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100MH1990PLC058306 | Current |
| U17100MH1990PTC058306 | Previous |
| L17100MH1990PLC058306 | Previous |
Key People
Nitin Gopaldas Mehta Managing Director Ajit Gopaldas Mehta Whole-Time Director Sambasivam Krishnamurthy Director Recognitions & Rankings of Mecords India
Contact details
Mecords India Limited's registered office is in Palghar, Maharashtra.
- Registered AddressG – 78 MIDC Tarapur, Near Railway Crossing Boisar, Palghar, Maharashtra, India – 401506
- IndustryManufacturing, Textile & Fabric Production
Comprehensive company report
Mecords India Limited - one report that includes everything
- 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
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Financials of Mecords India Limited
FY 2025 filings availableMecords India Limited reported revenue of ₹142.76 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹142.76 Cr ▲ 11%
Net profit · FY 2025
₹16.86 Cr margin 11.8%
EBITDA · FY 2025
₹38.58 Cr margin 27%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 10%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 24%
5 years · compounded
▲ 23%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 11% growth in the latest year. EBITDA rose 10% 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 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹38.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.86 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27% | ||||
| Net Profit Margin | 11.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mecords India Limited, buy the company report.
Board of directors of Mecords India Limited
Mecords India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Gopaldas Mehta | Whole-Time Director | 15 Jul 1992 | 34 Years 3 Months | Current |
| Nitin Gopaldas Mehta | Managing Director | 26 Sep 1990 | 36 Years 0 Months | Current |
| Sambasivam Krishnamurthy | Director | 21 Jun 2011 | 15 Years 4 Months | Current |
Peer comparison
Mecords India Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kumar Spintex Private Limited | ₹144.13 Cr (FY 2025) | -15.0% | Ahmedabad, Gujarat, India | |||
| Maa Ashish Textiles Industries Private Limited | ₹144.1 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Siddhartha Super Spinning Mills Ltd | ₹144.03 Cr (FY 2025) | -6.0% | Himachal Pradesh, India | |||
| Prasad Cotton Industries Private Limited | ₹143.78 Cr (FY 2025) | 8.0% | Gevrai, Maharashtra, India | |||
| Shree Ganpati Embroidery Private Limited | ₹142.97 Cr (FY 2025) | 12.0% | Amritsar, Punjab, India | |||
| Mecords India Limitedthis company | ₹142.76 Cr (FY 2025) | ₹16.86 Cr | 11.8% | 11.0% | Palghar, Maharashtra, India | |
| Sachdeva Fabric World Private Limited | ₹142.66 Cr (FY 2025) | 23.0% | New Delhi, Delhi, India | |||
| BSC Textiles Private Limited | ₹142.53 Cr (FY 2025) | 11.0% | Davanagere, Karnataka, India | |||
| K S R Textile Mills Private Limited | ₹142.53 Cr (FY 2025) | -6.0% | Tiruchengode Tk, Tamil Nadu, India | |||
| Kob Medical Textiles Private Limited | ₹142.16 Cr (FY 2025) | 3.0% | Tiruppur Dist, Tamil Nadu, India | |||
| Venkatesh Cotton Private Limited | ₹142.12 Cr (FY 2025) | 3.0% | Sendhwa, Madhya Pradesh, India |
To see the full peer comparison of Mecords India Limited, buy the company report.
Charges & borrowings
Open charges
₹121.97 Cr
Satisfied charges
₹34.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2025 | 101229677 | Others | ₹4.65 Cr | Open | |
| 09 Jun 2025 | 101106734 | Others | ₹6.25 Cr | Open | |
| 16 Apr 2025 | 101090260 | Others | ₹1.2 Cr | Open | |
| 31 Jan 2024 | 100890141 | Others | ₹3.1 Cr | Open | |
| 28 Dec 2023 | 100837633 | Others | ₹18 Lakh | Open |
To see the full charge records of Mecords India Limited, buy the company report.
Total charge records: 36 View all charges
Deals & funding
Mecords India Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹36.45 Cr; the latest was in February 2022.
Total deals
6
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹36.45 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2014 | Funding round | ₹17.37 Cr | Investors: an individual |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Mehta Growell Holdings Private Limited , an individual |
To see the full deal history of Mecords India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mecords India Limited has 6 court cases on record: 4 filed by Mecords India, 2 filed against it. 4 cases are pending and 2 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
4
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 3 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Mecords India 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.
Credit ratings & regulatory alerts
Mecords India Limited was last rated by Brickwork on 16 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 16 Apr 2021 |
To see the full credit ratings and regulatory alerts of Mecords India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mecords India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mecords India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3324N1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mecords India Limited, buy the company report.
Recent activity
Mecords India Limited has 7 board changes on record since 1990: 3 appointments and 4 cessations. The latest: Ajit Gopaldas Mehta ceased to be Director on 01 Apr 2015.
Charges
A charge with Others amounted to Rs. 4.65 Cr with Charge ID 101229677 was registered on 23 Dec 2025.
AGM
Mecords India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 6.25 Cr with Charge ID 101106734 was registered on 09 Jun 2025.
Charges
A charge with Others amounted to Rs. 1.20 Cr with Charge ID 101090260 was registered on 16 Apr 2025.
Filing
Mecords India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Canara Bank of Rs. 79.00 Cr registered on 21 Oct 1999 with Charge ID 80020511 was modified on 30 Jul 2024.
Charges
A charge with Others amounted to Rs. 3.10 Cr with Charge ID 100890141 was registered on 31 Jan 2024.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100837633 was registered on 28 Dec 2023.
Charges
A charge with Others amounted to Rs. 1.90 Cr with Charge ID 100817495 was registered on 17 Nov 2023.
Charges
A charge with Canara Bank amounted to Rs. 1.85 Cr with Charge ID 100813762 was registered on 31 Oct 2023.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 100777925 was registered on 19 Aug 2023.
Charges
A charge with Others amounted to Rs. 0.19 Cr with Charge ID 100753361 was registered on 25 Apr 2023.
52 earlier events are in the company report.
Frequently asked questions
Mecords India is an active public limited company based in Palghar, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 26 September 1990 (36+ years old) and is registered under CIN U17100MH1990PLC058306.
Mecords India has 3 current directors:
- Nitin Gopaldas Mehta - Managing Director
- Ajit Gopaldas Mehta - Whole-Time Director
- Sambasivam Krishnamurthy - Director
The latest financial statements of Mecords 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.
The GSTIN of Mecords India is 27AAACM3324N1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mecords India is U17100MH1990PLC058306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mecords India has 6 court cases on record: 4 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Mecords India was incorporated on 26 September 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Mecords India has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹36.45 Cr; the latest was in February 2022.
The peers of Mecords India by revenue are Kumar Spintex Private Limited, Maa Ashish Textiles Industries Private Limited, Siddhartha Super Spinning Mills Ltd, Prasad Cotton Industries Private Limited, Shree Ganpati Embroidery Private Limited and 5 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ajit Gopaldas Mehta ceased to be Director on 01 Apr 2015. Nitin Gopaldas Mehta ceased to be Director on 01 Apr 2015. Sankaranarayanan Ramaswamy Gopalasumudram ceased to be Director on 17 Apr 2012. Mecords India has 7 board changes on record in total.
Yes, Mecords India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0026399).