MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-04-0001264
Merlin Hydraulics Private Limited - machinery and equipment in Belgavi, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹11.04 Cr
▲ 38% YoY
Net profit · FY 2025
₹39.63 Lakh
Net margin 3.6%
EBITDA · FY 2025
₹76.32 Lakh
EBITDA margin 6.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹2.31 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
14
Provident fund records
About Merlin Hydraulics Private Limited
Data last updated:
Merlin Hydraulics Private Limited is a private limited company based in Belgavi, Karnataka, India. It operates in the hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 23 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29120KA2005PTC037322. Its GSTIN is 29AAECM3948G1Z7 (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Snehal Nandkishor Pandit and Malavika Snehal Pandit.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ishanya 9th Cross Cts No. 3637 Sy No.93/5 9th Cross Bhagyanagar Angol, Belgavi, Karnataka, India – 590006.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.04 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹39.63 Lakh (net margin 3.6%) and EBITDA of ₹76.32 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 44% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Merlin Hydraulics. As per MCA filings, the company has open charges of ₹2.31 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending.
Merlin Hydraulics Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-04-0001264). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merlinhydraulics.com.
Company Details of Merlin Hydraulics Private Limited
CIN U29120KA2005PTC037322
Registration Number 037322
Incorporation Date 23 September 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-04-0001264
Key People
Snehal Nandkishor Pandit Director Malavika Snehal Pandit Director Sahil Snehal Pandit Director Recognitions & Rankings of Merlin Hydraulics
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressIshanya 9th Cross Cts No. 3637 Sy No.93/5 9th Cross Bhagyanagar Angol, Belgavi, Karnataka, India – 590006
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
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Associated Brands with Merlin Hydraulics Private Limited
Merlin Hydraulics operates one associated brand: Merlin Hydraulics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hydraulics systems and services for manufacturing and industrial sectors. | merlinhydraulics.com |
Business Activity of Merlin Hydraulics Private Limited
The main business activities of Merlin Hydraulics are manufacturing and transportation and storage. In detail, this covers manufacture of machinery and equipment n.e.c. and land transport and transport via pipelines. 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 |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. | Locked |
| H | Transportation and storage | 49 | Land transport and transport via pipelines | 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 Merlin Hydraulics Private Limited FY 2024 filings available
Merlin Hydraulics Private Limited reported revenue of ₹11.04 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹11.04 Cr ▲ 38%
Net profit · FY 2025
₹39.63 Lakh margin 3.6%
EBITDA · FY 2025
₹76.32 Lakh margin 6.9%
Compounded Annual Growth Rate (CAGR) of Merlin Hydraulics Private Limited
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 14%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▲ 86%
3 years · compounded
▲ 16%
5 years · compounded
▲ 49%
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 38% growth in the latest year. EBITDA rose 86% 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 Merlin Hydraulics 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 | ₹76.32 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.63 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 Merlin Hydraulics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.6% | •••• | •••• | •••• | •••• |
| 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 Merlin Hydraulics 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 Merlin Hydraulics Private Limited
Merlin Hydraulics has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Snehal Nandkishor Pandit | Director | 23 Sep 2005 | 21 Years 0 Months | Current |
| Malavika Snehal Pandit | Director | 05 Sep 2018 | 8 Years 1 Months | Current |
| Sahil Snehal Pandit | Director | 08 Jun 2015 | 11 Years 4 Months | Current |
| Angeli Snehal Pandit | Director | 23 Sep 2005 | 21 Years 0 Months | Current |
| Gauri Sahil Pandit | Director | 05 Sep 2018 | 8 Years 1 Months | Current |
Peer Comparison of Merlin Hydraulics Private Limited
Merlin Hydraulics Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Hydraulic Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chindalia Industrial Products Limited | ₹11.59 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | Kolkata, West Bengal, India |
| Kangaroo Hydraulics Private Limited | ₹11.21 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Paddhari, Gujarat, India |
| Hydrotherm Fluid Controls Private Limited | ₹11.2 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| VBC Technologies Private Limited | ₹11.14 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Ahmedabad, Gujarat, India |
| Hydrotherm Motion Controls Private Limited | ₹11.07 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | Bhubaneswar, Odisha, India |
| Merlin Hydraulics Private Limited this company | ₹11.04 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Belgavi, Karnataka, India |
| Vintaje Flow Control Equipments Private Limited | ₹10.74 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Hydropneumatics Private Limited | ₹10.67 Cr (FY 2024) | •••• | •••• | 88.0% | •••• | Mapusa, Goa, India |
| F J Rubber Products Private Limited | ₹10.6 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Panchkula, Haryana, India |
| Prefect Hydraulics Private Limited | ₹10.56 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Bangalore, Karnataka, India |
| Glory Elevators (India) Private Limited | ₹10.52 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Merlin Hydraulics by revenue in the Machinery and Equipment industry (Hydraulic Equipment), 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 Merlin Hydraulics Private Limited
Merlin Hydraulics Private Limited is audited by R. L. BARVE & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R. L. BARVE & CO | Locked | Locked | Locked |
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Ownership and Shareholding of Merlin Hydraulics Private Limited
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Charges & Borrowings of Merlin Hydraulics Private Limited
Open charges
₹2.31 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Mar 2023 | State Bank of India | ₹2.3 Cr | Open |
| 29 Dec 2021 | Others | ₹80,000 | Open |
Total charge records: 2 View all charges
Legal Cases of Merlin Hydraulics Private Limited
Merlin Hydraulics Private Limited has 5 court cases on record: 3 filed by Merlin Hydraulics, 2 filed against it. 1 case is pending and 4 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against Uttam Sucrotech International Pvt Ltd | Pending |
| District court, BELAGAVI, Karnataka | Criminal miscellaneous application | Filed by the company against Uttam Sucrotech International Pvt Ltd | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against Uttam Sucrotech International Pvt Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Indian Electric Co Sharad Rajaram Bhavsar | Disposed |
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Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Merlin Hydraulics Private Limited
Merlin Hydraulics Private Limited has a workforce of 14 employees as of Mar 28, 2024.
Employee count
14
Active EPFO establishments
1
Employee growth
7.69%
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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 Merlin Hydraulics Private Limited
Merlin Hydraulics Private Limited has 8 board changes on record since 2005: 5 appointments and 3 cessations. The latest: Malavika Snehal Pandit ceased to be Director on 17 Oct 2025.
Ceased
Malavika Snehal Pandit ceased to be Director.
AGM
Merlin Hydraulics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Merlin Hydraulics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 230.00 Lakh with Charge ID 100692842 was registered on 10 Mar 2023.
Charges
A charge with Others amounted to Rs. 0.80 Lakh with Charge ID 100526500 was registered on 29 Dec 2021.
Appointed
Gauri Sahil Pandit was appointed as Director.
Appointed
Malavika Snehal Pandit was appointed as Director.
Ceased
Dinesh Sadashivrao Ambewadikar ceased to be Director.
Appointed
Sahil Snehal Pandit was appointed as Director.
Ceased
Baban Krishna Kugaji ceased to be Director.
Appointed
Angeli Snehal Pandit was appointed as Director.
Appointed
Snehal Nandkishor Pandit was appointed as Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Merlin Hydraulics Private Limited
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MSME Payment Delays by Merlin Hydraulics Private Limited
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Subsidiaries & Group Companies of Merlin Hydraulics Private Limited
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GST Compliance of Merlin Hydraulics Private Limited
Merlin Hydraulics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM3948G1Z7 | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Merlin Hydraulics Private Limited
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Frequently Asked Questions about Merlin Hydraulics Private Limited
Merlin Hydraulics is an active private limited company based in Belgavi, Karnataka, India. The company works in hydraulic machinery and equipment, within the machinery and equipment industry. It was incorporated on 23 September 2005 (21+ years old) and is registered under CIN U29120KA2005PTC037322.
Merlin Hydraulics reported revenue of ₹11.04 Cr for FY 2025 (up 38% YoY).
Merlin Hydraulics has 5 current directors:
- Snehal Nandkishor Pandit - Director
- Malavika Snehal Pandit - Director
- Sahil Snehal Pandit - Director
- Angeli Snehal Pandit - Director
- Gauri Sahil Pandit - Director
Merlin Hydraulics reported a net profit of ₹39.63 Lakh (net margin 3.6%) and EBITDA of ₹76.32 Lakh (EBITDA margin 6.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Merlin Hydraulics is 14% over three years and 44% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Merlin Hydraulics is 29AAECM3948G1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Merlin Hydraulics is U29120KA2005PTC037322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merlin Hydraulics has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Merlin Hydraulics was incorporated on 23 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Merlin Hydraulics by revenue are Chindalia Industrial Products Limited, Kangaroo Hydraulics Private Limited, Hydrotherm Fluid Controls Private Limited, VBC Technologies Private Limited, Hydrotherm Motion Controls Private Limited and 5 more, all in the Machinery and Equipment industry (Hydraulic Equipment).
Malavika Snehal Pandit ceased to be Director on 17 Oct 2025. Gauri Sahil Pandit was appointed as Director on 05 Sep 2018. Malavika Snehal Pandit was appointed as Director on 05 Sep 2018. Merlin Hydraulics has 8 board changes on record in total.