Meher Synthetics Private Limited
About Meher Synthetics Private Limited
Data last updated:
Meher Synthetics Private Limited is a private limited company based in Surat, Gujarat, India, a subsidiary of Yasmin Texturising Private Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 27 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1992PTC017401. Its GSTIN is 24AACCM1573H1ZO (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.77 Cr. It is led by directors including Ishtiaq Ahmed Khan and Yasmin Ishtiaq Khan.
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 101 – Kanchanjyot Opp Kadambhavan Timaliawad, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2024, the company reported a revenue of ₹69.74 Lakh, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Lakh (net margin 2.8%) and EBITDA of ₹12.22 Lakh (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹6.54 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Meher Synthetics Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101 – Kanchanjyot Opp Kadambhavan Timaliawad, Surat, Gujarat, India – 395001
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Meher Synthetics 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
Business activity
The main business activity of Meher Synthetics is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Meher Synthetics Private Limited, buy the company report.
Financials of Meher Synthetics Private Limited
FY 2025 filings availableMeher Synthetics Private Limited reported revenue of ₹69.74 Lakh (up 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 46% growth in the latest year. EBITDA rose 109% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹12.22 Lakh | ||||
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| Net Profit (PAT) | ₹1.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 17.5% | ||||
| Net Profit Margin | 2.8% | ||||
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To see the full financial statements and ratios of Meher Synthetics Private Limited, buy the company report.
Board of directors of Meher Synthetics Private Limited
Meher Synthetics has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ishtiaq Ahmed Khan | Director | 27 Mar 1992 | 34 Years 7 Months | Current |
| Yasmin Ishtiaq Khan | Director | 25 Aug 2023 | 3 Years 2 Months | Current |
| Rajendra Kundanlal Desai Also directs: Shahlon Silk Industries Limited, K.P. Energy Limited, Accord Synergy Limited and 1 more | Director | 27 Nov 1997 | 28 Years 11 Months | Current |
Peer comparison
Meher Synthetics Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Real Estate Leasing, Textile Retail and Distribution), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Panchsheel Plastics Private Limited | ₹69.84 Lakh (FY 2025) | -77.0% | Thane, Maharashtra, India | |||
| Stonehenge Developers Private Limited | ₹69.83 Lakh (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| RM Plastics Private Limited | ₹69.8 Lakh (FY 2025) | 10.0% | Delhi, India | |||
| Meher Synthetics Private Limitedthis company | ₹69.74 Lakh (FY 2024) | ₹1.94 Lakh | 2.8% | 46.0% | Surat, Gujarat, India | |
| Aakashdeep Infra Projects Private Limited | ₹69.7 Lakh (FY 2019) | -24.0% | Allahabad, Uttar Pradesh, India |
To see the full peer comparison of Meher Synthetics Private Limited, buy the company report.
Auditor
Meher Synthetics Private Limited is audited by KiranDamle&Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KiranDamle&Co. | FY 2023 | 114651 |
Shareholding
The shareholding of Meher Synthetics 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Meher Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2025 | 101106302 | Yes Bank Limited | ₹1.5 Cr | Open | |
| 01 Jun 2001 | 90112671 | The Menton Co-Op Bank Ltd | ₹20.08 Lakh | Open | |
| 13 May 2000 | 90112594 | The Menon Co-Op Bank Ltd | ₹14 Lakh | Open | |
| 24 May 1999 | 90109970 | The Menon Co-Op Bank Ltd | ₹1 Cr | Open | |
| 15 Apr 1998 | 90109784 | Dena Bank | ₹48 Lakh | Open |
To see the full charge records of Meher Synthetics Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Meher Synthetics Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by State | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by The Memon Co-Operative Bank Ltd. | Disposed |
To see the full case history of Meher Synthetics 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
No delayed payments to MSME suppliers are on our record for Meher Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Meher Synthetics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCM1573H1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Meher Synthetics Private Limited, buy the company report.
Recent activity
Meher Synthetics Private Limited has 6 board changes on record since 1992: 3 appointments and 3 cessations. The latest: Navinchandra Vadilal Mody ceased to be Director on 04 Jan 2025.
5 earlier events are in the company report.
Frequently asked questions
Meher Synthetics is an active private limited company based in Surat, Gujarat, India. The company works in real estate financing, within the financial services industry. It was incorporated on 27 March 1992 (34+ years old) and is registered under CIN U17119GJ1992PTC017401.
Meher Synthetics has 3 current directors:
- Ishtiaq Ahmed Khan - Director
- Yasmin Ishtiaq Khan - Director
- Rajendra Kundanlal Desai - Director
The latest financial statements of Meher Synthetics 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 Meher Synthetics is 24AACCM1573H1ZO, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Meher Synthetics is U17119GJ1992PTC017401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meher Synthetics has 3 court cases on record: 3 filed against it.
Meher Synthetics was incorporated on 27 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Meher Synthetics by revenue are Panchsheel Plastics Private Limited, Stonehenge Developers Private Limited, RM Plastics Private Limited, Aakashdeep Infra Projects Private Limited, all in the BFSI industry (Real Estate Leasing, Textile Retail and Distribution), with the same principal business activity (real estate activities with own or leased property).
Navinchandra Vadilal Mody ceased to be Director on 04 Jan 2025. Yasmin Ishtiaq Khan ceased to be Additional Director on 29 Sep 2023. Yasmin Ishtiaq Khan was appointed as Director on 25 Aug 2023. Meher Synthetics has 6 board changes on record in total.
The registered office of Meher Synthetics is at 101 – Kanchanjyot Opp Kadambhavan Timaliawad, Surat, Gujarat, India – 395001.
Meher Synthetics operates in the financial services industry, in the real estate financing segment.
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