MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-25-0002206
MG Composites LLP - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹6 Cr
▼ 72% YoY
Net loss · FY 2021
₹1.72 Cr
Net margin -28.7%
EBITDA · FY 2021
-₹29.89 Lakh
EBITDA margin -5%
Contribution obligation
₹1 Lakh
As per LLP agreement
Open charges
₹12.47 Cr
Satisfied ₹45 Lakh
LLP age
12 yrs
Est. 2014
Employees · EPFO
19
Provident fund records
Designated partners
3
As per MCA filings
About MG Composites LLP
Data last updated:
MG Composites LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 26 February 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAC-1263. Its GSTIN is 36AAYFM3983G1ZJ (Telangana). The LLP holds 5 GST registrations, of which 1 is active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners including Sudha Mohan Kamat and Devika Anil Kamat.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Khanna Estate L.B.S. Marg Vikhroli (West), Mumbai, Maharashtra, India – 400079.
As per the financials filed for FY 2021, the LLP reported a revenue of ₹6 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹1.72 Cr (net margin -28.7%) and EBITDA of -₹29.89 Lakh (EBITDA margin -5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.
The LLP has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹12.47 Cr and satisfied charges of ₹45 Lakh on record. Court records list 1 case involving the LLP, including 1 filed against it.
MG Composites LLP is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-25-0002206). For more details, the LLP can be reached via its website mgcomposites.in.
Company details
LLPIN AAC-1263
Incorporation Date 26 February 2014
Total Obligation of Contribution ₹1 Lakh
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-TS-25-0002206
Key People
Sudha Mohan Kamat Designated Partner Devika Anil Kamat Partner Anil Mohan Kamat Designated Partner Recognitions & Rankings of MG Composites
Contact details
MG Composites LLP's registered office is in Mumbai, Maharashtra. Its website is mgcomposites.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKhanna Estate L.B.S. Marg Vikhroli (West), Mumbai, Maharashtra, India – 400079
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of MG Composites LLP, buy the company report.
Comprehensive company report
MG Composites LLP - 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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Secure checkout · GST invoice included
Financials of MG Composites LLP
FY 2025 filings availableMG Composites LLP reported revenue of ₹6 Cr (down 72% YoY) for FY 2021.
Revenue · FY 2021
₹6 Cr ▼ 72%
Net loss · FY 2021
₹1.72 Cr margin -28.7%
EBITDA · FY 2021
-₹29.89 Lakh margin -5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 72%
3 years · compounded
▲ 6%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 72% fall 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
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | ₹6 Cr | ||||
| Other Income | |||||
| Total Income | |||||
| Purchases and Direct Costs | |||||
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| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | -₹1.72 Cr | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
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Financial Ratios
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | -28.7% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of MG Composites LLP, buy the company report.
Designated partners of MG Composites LLP
MG Composites has 3 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudha Mohan Kamat | Designated Partner | 26 Feb 2014 | 12 Years 8 Months | Current |
| Devika Anil Kamat | Partner | 26 Feb 2014 | 12 Years 8 Months | Current |
| Anil Mohan Kamat | Designated Partner | 26 Feb 2014 | 12 Years 8 Months | Current |
Charges & borrowings
Open charges
₹12.47 Cr
Satisfied charges
₹45 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2022 | 100631875 | Nkgsb Cooperative Bank Ltd | ₹2.5 Cr | Open | |
| 13 Apr 2022 | 100631731 | Nkgsb Co Op Bank Ltd | ₹69 Lakh | Open | |
| 29 Sep 2021 | 100491002 | Nkgsb Co-Operative Bank Limited | ₹2.7 Cr | Open | |
| 25 Apr 2018 | 100182303 | Nkgsb Co-Operative Bank Limited | ₹1 Cr | Open | |
| 26 Oct 2016 | 100127704 | Nkgsb Co- Operative Bank Ltd | ₹2.25 Cr | Open |
To see the full charge records of MG Composites LLP, buy the company report.
Total charge records: 7 View all charges
Legal cases
MG Composites LLP has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Ineos Composites India LLP | Disposed |
To see the full case history of MG Composites LLP, 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 MG Composites LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MG Composites LLP has a workforce of 19 employees on its EPFO records as of Nov 28, 2024, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
-13.64%
GST
MG Composites has 5 GST registrations: 1 active and 4 cancelled or inactive.
Total GSTINs
5
Active
1
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAYFM3983G1ZJ | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MG Composites LLP, buy the company report.
Recent activity
MG Composites LLP has 3 designated partner changes on record since 2014: 3 appointments. The latest: Anil Mohan Kamat was appointed as Designated Partner on 26 Feb 2014.
AGM
Mg Composites Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Mg Composites Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Nkgsb Cooperative Bank Ltd amounted to Rs. 250.00 Lakh with Charge ID 100631875 was registered on 30 Jun 2022.
Charges
A charge with Nkgsb Co Op Bank Ltd amounted to Rs. 69.00 Lakh with Charge ID 100631731 was registered on 13 Apr 2022.
Charges
A charge with Nkgsb Co-Operative Bank Limited of Rs. 270.00 Lakh registered on 29 Sep 2021 with Charge ID 100491002 was modified on 31 Mar 2022.
Charges
A charge registered on 30 Jul 2016 via Charge ID 100104273 with Nkgsb Co- Operative Bank Ltd was fully satisfied on 10 Mar 2022.
Charges
A charge with Nkgsb Co-Operative Bank Limited amounted to Rs. 270.00 Lakh with Charge ID 100491002 was registered on 29 Sep 2021.
Charges
A charge with Nkgsb Co-Operative Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100182303 was registered on 25 Apr 2018.
Charges
A charge with Nkgsb Co- Operative Bank Ltd of Rs. 332.70 Lakh registered on 03 Oct 2016 with Charge ID 100127664 was modified on 09 Jul 2017.
Charges
A charge with Nkgsb Co- Operative Bank Ltd amounted to Rs. 225.00 Lakh with Charge ID 100127704 was registered on 26 Oct 2016.
Charges
A charge with Nkgsb Co- Operative Bank Ltd amounted to Rs. 332.70 Lakh with Charge ID 100127664 was registered on 03 Oct 2016.
Charges
A charge with Nkgsb Co- Operative Bank Ltd amounted to Rs. 45.00 Lakh with Charge ID 100104273 was registered on 30 Jul 2016.
4 earlier events are in the company report.
Frequently asked questions
MG Composites is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in plastic-based products, within the manufacturing industry. It was incorporated on 26 February 2014 (12+ years old) and is registered under LLPIN AAC-1263.
MG Composites has 3 current designated partners:
- Sudha Mohan Kamat - Designated Partner
- Devika Anil Kamat - Partner
- Anil Mohan Kamat - Designated Partner
The latest financial statements of MG Composites on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MG Composites is 36AAYFM3983G1ZJ, registered in Telangana. The LLP has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The LLPIN (Limited Liability Partnership Identification Number) of MG Composites is AAC-1263. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
MG Composites has 1 court case on record: 1 filed against it.
MG Composites was incorporated on 26 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Anil Mohan Kamat was appointed as Designated Partner on 26 Feb 2014. Devika Anil Kamat was appointed as Partner on 26 Feb 2014. Sudha Mohan Kamat was appointed as Designated Partner on 26 Feb 2014.
Yes, MG Composites is registered as a small enterprise under Udyam registration (number: UDYAM-TS-25-0002206).
MG Composites can be reached through the website mgcomposites.in. Its registered office is in Mumbai, Maharashtra, India.