MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0004755
MG Well Solutions Project International Private Limited - energy and power in Jabalpur, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.55 Cr
▼ 47% YoY
Net loss · FY 2025
₹38.41 Lakh
Net margin -5.9%
EBITDA · FY 2025
₹9.9 Lakh
EBITDA margin 1.5%
Authorised capital
₹9.5 Cr
Registered with MCA
Paid-up capital
₹8.11 Cr
Issued & subscribed
Open charges
₹4.19 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Directors on board
6
As per MCA filings
About MG Well Solutions Project International Private Limited
Data last updated:
MG Well Solutions Project International Private Limited is a private limited company based in Jabalpur, Madhya Pradesh, India. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 09 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74220MP2005PTC022015. Its GSTIN is 27AAECM2587R1ZN (Maharashtra). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹8.11 Cr. It is led by directors including Ravinder Singh Bawa (Managing Director) and Rajiv Harpal Singh.
Its last annual general meeting (AGM) was held on 13 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mig No. 15 New P Colony Gwarighat Road, Jabalpur, Madhya Pradesh, India – 482008.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.55 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹38.41 Lakh (net margin -5.9%) and EBITDA of ₹9.9 Lakh (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 13% over five years.
The company is associated with 1 brand: MG Well Solutions. As per MCA filings, the company has open charges of ₹4.19 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 3 cases are pending.
MG Well Solutions Project International Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0004755). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgwell.com.
Company details
CIN U74220MP2005PTC022015
Registration Number 022015
Incorporation Date 09 February 2005
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0004755
CIN history
MG Well Solutions Project International has one previous CIN (Corporate Identification Number): U74220DL2005PTC132811. The current CIN is U74220MP2005PTC022015, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74220MP2005PTC022015 | Current |
| U74220DL2005PTC132811 | Previous |
Key People
Ravinder Singh Bawa Managing Director Rajiv Harpal Singh Director Mourad Manssi Fahim Saleb Director Recognitions & Rankings of MG Well Solutions Project International
Contact details
MG Well Solutions Project International Private Limited's registered office is in Jabalpur, Madhya Pradesh. Its website is mgwell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMig No. 15 New P Colony Gwarighat Road, Jabalpur, Madhya Pradesh, India – 482008
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
To see the full contact details of MG Well Solutions Project International Private Limited, buy the company report.
Comprehensive company report
MG Well Solutions Project International Private 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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Brands
MG Well Solutions Project International operates one associated brand: MG Well Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Oil and gas services, equipment, and R&D are delivered in India. | mgwell.com |
Business activity
The main business activity of MG Well Solutions Project International is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of MG Well Solutions Project International Private Limited, buy the company report.
Financials of MG Well Solutions Project International Private Limited
FY 2025 filings availableMG Well Solutions Project International Private Limited reported revenue of ₹6.55 Cr (down 47% YoY) for FY 2025.
Revenue · FY 2025
₹6.55 Cr ▼ 47%
Net loss · FY 2025
₹38.41 Lakh margin -5.9%
EBITDA · FY 2025
₹9.9 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 28%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 30%
5 years · compounded
▼ 36%
Revenue fell 47% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 96% 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 | ₹9.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38.41 Lakh | ||||
| 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 | 1.5% | ||||
| Net Profit Margin | -5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of MG Well Solutions Project International Private Limited, buy the company report.
Board of directors of MG Well Solutions Project International Private Limited
MG Well Solutions Project International has 6 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 |
|---|---|---|---|---|
| Rajiv Harpal Singh | Director | 09 Feb 2005 | 21 Years 8 Months | Current |
| Mourad Manssi Fahim Saleb | Director | 02 Jul 2013 | 13 Years 3 Months | Current |
| Maher Menassi Fahim Salib | Additional Director | 15 Nov 2013 | 12 Years 11 Months | Current |
| Paramjeet Bawa | Director | 05 Apr 2016 | 10 Years 6 Months | Current |
| Ravinder Singh Bawa | Managing Director | 09 Feb 2005 | 21 Years 8 Months | Current |
| Ranveer Singh Bawa | Director | 07 Mar 2005 | 21 Years 7 Months | Current |
Auditor
MG Well Solutions Project International Private Limited is audited by ANIL KUMAR GUPTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL KUMAR GUPTA & CO. | FY 2023 | 003372C |
Shareholding
The shareholding of MG Well Solutions Project International 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MG Well Solutions Project International Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.19 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2009 | 10176178 | State Bank of India | ₹4.19 Cr | Open |
To see the full charge records of MG Well Solutions Project International Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
MG Well Solutions Project International Private Limited has 4 court cases on record: 1 filed by MG Well Solutions Project International, 3 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 1 | 2 |
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Sintex Oil & Gas Ltd. | Pending |
| NCLT, NCLT Indore | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Jabalpur, Madhya Pradesh | Court case (RCS B) | Filed against the company by M/S Crystal Mind | Pending |
| High Court of Madhya Pradesh | Court case (MCC) | Filed against the company | Disposed |
To see the full case history of MG Well Solutions Project International 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.
Credit ratings & regulatory alerts
MG Well Solutions Project International Private Limited was last rated by Icra on 15 May 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 May 2018 |
To see the full credit ratings and regulatory alerts of MG Well Solutions Project International Private Limited, buy the company report.
MSME payment delays
MG Well Solutions Project International Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Oil Field Warehouse & Services Limited | |||
| an individual supplier |
To see the full MSME payment records of MG Well Solutions Project International Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
MG Well Solutions Project International has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM2587R1ZN | Maharashtra | Active | 01 Jul 2017 |
| 24AAECM2587R2ZS | Gujarat | Active | 07 Mar 2018 |
To see the full GST registrations and return filing status of MG Well Solutions Project International Private Limited, buy the company report.
Recent activity
MG Well Solutions Project International Private Limited has 9 board changes on record since 2005: 6 appointments and 3 cessations. The latest: Madan Gopal Singh Bawa ceased to be Director on 05 Apr 2016.
AGM
Mg Well Solutions Project International Private Limited last Annual general meeting of members was held on 13 Sep 2025 as per latest MCA records.
Filing
Mg Well Solutions Project International Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with State Bank Of India of Rs. 4.19 Cr registered on 04 Sep 2009 with Charge ID 10176178 was modified on 05 Dec 2022.
Ceased
Madan Gopal Singh Bawa ceased to be Director.
Appointed
Paramjeet Bawa was appointed as Director.
Appointed
Maher Menassi Fahim Salib was appointed as Additional Director.
Ceased
Mourad Manssi Fahim Saleb ceased to be Additional Director.
Appointed
Mourad Manssi Fahim Saleb was appointed as Director.
Ceased
Johnson Lyndon ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 4.19 Cr with Charge ID 10176178 was registered on 04 Sep 2009.
Appointed
Ranveer Singh Bawa was appointed as Director.
Appointed
Rajiv Harpal Singh was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
MG Well Solutions Project International is an active private limited company based in Jabalpur, Madhya Pradesh, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 09 February 2005 (21+ years old) and is registered under CIN U74220MP2005PTC022015.
MG Well Solutions Project International has 6 current directors:
- Ravinder Singh Bawa - Managing Director
- Rajiv Harpal Singh - Director
- Mourad Manssi Fahim Saleb - Director
- Maher Menassi Fahim Salib - Additional Director
- Paramjeet Bawa - Director
- Ranveer Singh Bawa - Director
The latest financial statements of MG Well Solutions Project International on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MG Well Solutions Project International is 27AAECM2587R1ZN, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 24AAECM2587R2ZS (Gujarat).
The CIN (Corporate Identification Number) of MG Well Solutions Project International is U74220MP2005PTC022015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MG Well Solutions Project International has 4 court cases on record: 1 filed by the company and 3 filed against it. 3 are pending. Most are in the nclt.
MG Well Solutions Project International was incorporated on 09 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Gwalior.
Madan Gopal Singh Bawa ceased to be Director on 05 Apr 2016. Paramjeet Bawa was appointed as Director on 05 Apr 2016. Maher Menassi Fahim Salib was appointed as Additional Director on 15 Nov 2013. MG Well Solutions Project International has 9 board changes on record in total.
Yes, MG Well Solutions Project International is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0004755).
MG Well Solutions Project International has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 01 Jun 2019.
MG Well Solutions Project International can be reached through the website mgwell.com. Its registered office is in Jabalpur, Madhya Pradesh, India.
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