India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Yatin Subhash Shah & family ₹1,100 Cr
Revenue · FY 2025
₹47.76 Cr
▼ 5% YoY
Net profit · FY 2025
₹1.37 Cr
Net margin 2.9%
EBITDA · FY 2025
₹5.23 Cr
EBITDA margin 10.9%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.2 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹40.07 Cr
Company age
20 yrs
Est. 2006
Directors on board
4
As per MCA filings
About Memco Engineering Pvt Ltd
Data last updated:
Memco Engineering Pvt Ltd is a private limited company based in Nashik, Maharashtra, India, a subsidiary of Precision Camshafts Limited. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 15 June 2006 and has been in existence for over 20 years.
Its director Yatin Subhash Shah and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29199MH2006PTC162658. Its GSTIN is 27AAECM7928A1ZJ (Maharashtra).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.2 Cr. It is led by directors including Yatin Subhash Shah (Whole-Time Director) and Karan Yatin Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at F – 5 Satpur Micdc, Nashik, Maharashtra, India – 422005.
As per the financials filed for FY 2025, the company reported a revenue of ₹47.76 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.37 Cr (net margin 2.9%) and EBITDA of ₹5.23 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹40.07 Cr on record. Court records list 22 cases involving the company, including 18 filed by the company and 4 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website memcoindia.com.
Company details
CIN U29199MH2006PTC162658
Registration Number 162658
Incorporation Date 15 June 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Precision Camshafts Limited
Compliance Status Active Compliant
Key People
Yatin Subhash Shah Whole-Time Director Karan Yatin Shah Whole-Time Director Ravindra Rangnath Joshi Whole-Time Director Recognitions & Rankings of Memco Engineering
Contact details
Memco Engineering Pvt Ltd's registered office is in Nashik, Maharashtra. Its website is memcoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressF – 5 Satpur Micdc, Nashik, Maharashtra, India – 422005
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Memco Engineering Pvt Ltd, buy the company report.
Comprehensive company report
Memco Engineering Pvt Ltd - 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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Business activity
The main business activity of Memco Engineering is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Memco Engineering Pvt Ltd, buy the company report.
Financials of Memco Engineering Pvt Ltd
FY 2025 filings availableMemco Engineering Pvt Ltd reported revenue of ₹47.76 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹47.76 Cr ▼ 5%
Net profit · FY 2025
₹1.37 Cr margin 2.9%
EBITDA · FY 2025
₹5.23 Cr margin 10.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 2%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 19%
5 years · compounded
▼ 7%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 17% 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 |
|---|---|---|---|---|---|
| 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 | ₹5.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.37 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Memco Engineering Pvt Ltd, buy the company report.
Board of directors of Memco Engineering Pvt Ltd
Memco Engineering has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yatin Subhash Shah Also directs: Precision Camshafts Limited, Cams Technology Limited | Whole-Time Director | 10 Oct 2017 | 9 Years 1 Months | Current |
| Karan Yatin Shah | Whole-Time Director | 07 Feb 2019 | 7 Years 9 Months | Current |
| Ravindra Rangnath Joshi Also directs: Precision Camshafts Limited, Cams Technology Limited | Whole-Time Director | 10 Oct 2017 | 9 Years 1 Months | Current |
| Suhasini Yatin Shah Also directs: Precision Camshafts Limited, Cams Technology Limited, Balaji Amines Limited and 2 more | Whole-Time Director | 10 Oct 2017 | 9 Years 1 Months | Current |
Peer comparison
Memco Engineering Pvt Ltd is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Panchal Engineers (India) Private Limited | ₹48.34 Cr (FY 2025) | 17.0% | Nashik, Maharashtra, India | |||
| Trues Steels Private Limited | ₹48.24 Cr (FY 2025) | 8.0% | Chandigarh, India | |||
| Manasi Pressings Private Limited | ₹47.97 Cr (FY 2025) | 20.0% | Pune, Maharashtra, India | |||
| Memco Engineering Pvt Ltdthis company | ₹47.76 Cr (FY 2025) | ₹1.37 Cr | 2.9% | -5.0% | Nashik, Maharashtra, India | |
| Ishmeet Forgings Private Limited | ₹47.7 Cr (FY 2025) | 0.0% | Punjab, India | |||
| Hindustan Fasteners Private Limited | ₹47.47 Cr (FY 2024) | 20.0% | Delhi, India | |||
| Neetu Yoshi Limited | ₹47.45 Cr (FY 2024) | 191.0% | Dehradun, Uttarakhand, India |
To see the full peer comparison of Memco Engineering Pvt Ltd, buy the company report.
Auditor
Memco Engineering Pvt Ltd is audited by G S Gaikwad & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S Gaikwad & Co. | FY 2021 | 147093W |
Shareholding
The shareholding of Memco Engineering Pvt Ltd 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Memco Engineering Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹40.07 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2025 | 101087380 | Others | ₹10 Cr | Open | |
| 02 Oct 2018 | 100218775 | Citi Bank N.A. | ₹8 Cr | Satisfied | |
| 02 Oct 2018 | 100218744 | Citi Bank N.A. | ₹12 Cr | Satisfied | |
| 20 Feb 2018 | 100161270 | Tjsb Sahakari Bank Limited | ₹48 Lakh | Satisfied | |
| 30 Jan 2018 | 100157097 | Tjsb Sahakari Bank Limited | ₹44 Lakh | Satisfied |
To see the full charge records of Memco Engineering Pvt Ltd, buy the company report.
Total charge records: 16 View all charges
Legal cases
Memco Engineering Pvt Ltd has 22 court cases on record: 18 filed by Memco Engineering, 4 filed against it. 8 cases are pending and 14 are disposed.
Total cases
22
Filed by the company
18
Filed against the company
4
Pending
8
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 4 | 4 |
| High courts | 4 | 0 | 4 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against individuals | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Pending |
To see the full case history of Memco Engineering Pvt Ltd, 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
Memco Engineering Pvt Ltd was last rated by Care on 07 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jan 2022 |
To see the full credit ratings and regulatory alerts of Memco Engineering Pvt Ltd, buy the company report.
MSME payment delays
Memco Engineering Pvt Ltd has 12 MSME Form 1 returns on record between 2019 and 2024, listing 231 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Precomp Tools Pvt Ltd | |||
| Innovative Tooling Solution |
To see the full MSME payment records of Memco Engineering Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Memco Engineering has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM7928A1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Memco Engineering Pvt Ltd, buy the company report.
Recent activity
Memco Engineering Pvt Ltd has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Karan Yatin Shah ceased to be Additional Director on 01 Apr 2019.
AGM
Memco Engineering Pvt Ltd last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records.
Charges
A charge registered on 02 Oct 2018 via Charge ID 100218775 with Citi Bank N.A. was fully satisfied on 14 May 2025.
Charges
A charge registered on 02 Oct 2018 via Charge ID 100218744 with Citi Bank N.A. was fully satisfied on 14 May 2025.
Filing
Memco Engineering Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101087380 was registered on 25 Mar 2025.
Charges
A charge with Citi Bank N.A. of Rs. 8.00 Cr registered on 02 Oct 2018 with Charge ID 100218775 was modified on 01 Oct 2019.
Charges
A charge with Citi Bank N.A. of Rs. 12.00 Cr registered on 02 Oct 2018 with Charge ID 100218744 was modified on 01 Oct 2019.
Ceased
Karan Yatin Shah ceased to be Additional Director.
Appointed
Karan Yatin Shah was appointed as Whole-Time Director.
Ceased
Rajendra Shripad Dharkar ceased to be Managing Director.
Charges
A charge registered on 20 Feb 2018 via Charge ID 100161270 with Tjsb Sahakari Bank Limited was fully satisfied on 16 Nov 2018.
Charges
A charge registered on 30 Jan 2018 via Charge ID 100157097 with Tjsb Sahakari Bank Limited was fully satisfied on 16 Nov 2018.
39 earlier events are in the company report.
Frequently asked questions
Memco Engineering is an active private limited company based in Nashik, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 15 June 2006 (20+ years old) and is registered under CIN U29199MH2006PTC162658.
Memco Engineering has 4 current directors:
- Yatin Subhash Shah - Whole-Time Director
- Karan Yatin Shah - Whole-Time Director
- Ravindra Rangnath Joshi - Whole-Time Director
- Suhasini Yatin Shah - Whole-Time Director
The latest financial statements of Memco Engineering on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Memco Engineering is 27AAECM7928A1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Memco Engineering is U29199MH2006PTC162658. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Memco Engineering has 22 court cases on record: 18 filed by the company and 4 filed against it. 8 are pending. Most are in the district courts.
Memco Engineering was incorporated on 15 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Memco Engineering by revenue are Panchal Engineers (India) Private Limited, Trues Steels Private Limited, Manasi Pressings Private Limited, Ishmeet Forgings Private Limited, Hindustan Fasteners Private Limited and 1 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Karan Yatin Shah ceased to be Additional Director on 01 Apr 2019. Karan Yatin Shah was appointed as Whole-Time Director on 07 Feb 2019. Rajendra Shripad Dharkar ceased to be Managing Director on 31 Dec 2018. Memco Engineering has 10 board changes on record in total.
Memco Engineering has 12 MSME Form 1 returns on record between 2019 and 2024, listing 231 overdue payments to 23 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Memco Engineering can be reached through the website memcoindia.com. Its registered office is in Nashik, Maharashtra, India.
The registered office of Memco Engineering is at F – 5 Satpur Micdc, Nashik, Maharashtra, India – 422005.
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