MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-30-0027521
Mhaswadkar Saraf Private Limited - consumer goods in Satara, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹52.17 Cr
▲ 24% YoY
Net profit · FY 2025
₹9.03 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹1.47 Cr
EBITDA margin 2.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.2 Lakh
Issued & subscribed
Open charges
₹1.4 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
26
Provident fund records
About Mhaswadkar Saraf Private Limited
Data last updated:
Mhaswadkar Saraf Private Limited is a private limited company based in Satara, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 26 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2012PTC143175. Its GSTIN is 27AAHCM9403D1ZK (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.2 Lakh. It is led by directors including Shashank Subhash Shah and Nimish Shrenik Shah.
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 S. No. 217 B Sadashiv Peth Satara, Maharashtra, India – 415002.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.17 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹9.03 Lakh (net margin 0.2%) and EBITDA of ₹1.47 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 11% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.4 Cr on record.
Mhaswadkar Saraf Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-30-0027521). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saraf.mhaswadkar.com.
Company details
CIN U74900PN2012PTC143175
Registration Number 143175
Incorporation Date 26 April 2012
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-30-0027521
Recognitions & Rankings of Mhaswadkar Saraf
Contact details
Mhaswadkar Saraf Private Limited's registered office is in Satara, Maharashtra. Its website is saraf.mhaswadkar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS. No. 217 B Sadashiv Peth Satara, Maharashtra, India – 415002
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Mhaswadkar Saraf Private Limited, buy the company report.
Comprehensive company report
Mhaswadkar Saraf 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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Business activity
The main business activity of Mhaswadkar Saraf is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of Mhaswadkar Saraf Private Limited, buy the company report.
Financials of Mhaswadkar Saraf Private Limited
FY 2025 filings availableMhaswadkar Saraf Private Limited reported revenue of ₹52.17 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹52.17 Cr ▲ 24%
Net profit · FY 2025
₹9.03 Lakh margin 0.2%
EBITDA · FY 2025
₹1.47 Cr margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 11%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 20%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 24% growth in the latest year. EBITDA rose 3% 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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| EBITDA | ₹1.47 Cr | ||||
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| Net Profit (PAT) | ₹9.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Mhaswadkar Saraf Private Limited, buy the company report.
Board of directors of Mhaswadkar Saraf Private Limited
Mhaswadkar Saraf has 5 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 |
|---|---|---|---|---|
| Shashank Subhash Shah | Director | 26 Apr 2012 | 14 Years 5 Months | Current |
| Nimish Shrenik Shah | Director | 22 Dec 2023 | 2 Years 10 Months | Current |
| Rohan Shashank Shah | Director | 23 Mar 2022 | 4 Years 7 Months | Current |
| Dipali Shrenik Shah Also directs: Mhaswadkar Nidhi Limited | Director | 26 Apr 2012 | 14 Years 5 Months | Current |
| Shrenik Subhash Shah | Director | 26 Apr 2012 | 14 Years 5 Months | Current |
Auditor
Mhaswadkar Saraf Private Limited is audited by S.C. MEHTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.C. MEHTA & CO. | FY 2023 | 101146 |
Shareholding
The shareholding of Mhaswadkar Saraf 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 Mhaswadkar Saraf Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2022 | 100600428 | Idbi Bank Limited | ₹90 Lakh | Open | |
| 25 May 2015 | 10610600 | Idbi Bank Limited | ₹50 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Mhaswadkar Saraf Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mhaswadkar Saraf Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mhaswadkar Saraf Private Limited has a workforce of 26 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
13.04%
GST
Mhaswadkar Saraf has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM9403D1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AAKCM7993D1ZY | Maharashtra | Active | 18 Jul 2017 |
To see the full GST registrations and return filing status of Mhaswadkar Saraf Private Limited, buy the company report.
Recent activity
Mhaswadkar Saraf Private Limited has 9 board changes on record since 2012: 5 appointments and 4 cessations. The latest: Nimish Shrenik Shah was appointed as Director on 22 Dec 2023.
AGM
Mhaswadkar Saraf Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mhaswadkar Saraf Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Nimish Shrenik Shah was appointed as Director.
Charges
A charge with Idbi Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100600428 was registered on 30 Jun 2022.
Ceased
Nimish Shrenik Shah ceased to be Director.
Appointed
Rohan Shashank Shah was appointed as Director.
Ceased
Subhash Hirachand Shah ceased to be Director.
Ceased
Mangal Subhash Shah ceased to be Director.
Ceased
Rohan Shashank Shah ceased to be Director.
Charges
A charge with Idbi Bank Limited amounted to Rs. 50.00 Lakh with Charge ID 10610600 was registered on 25 May 2015.
Appointed
Dipali Shrenik Shah was appointed as Director.
Appointed
Shashank Subhash Shah was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Mhaswadkar Saraf is an active private limited company based in Satara, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 26 April 2012 (14+ years old) and is registered under CIN U74900PN2012PTC143175.
Mhaswadkar Saraf has 5 current directors:
- Shashank Subhash Shah - Director
- Nimish Shrenik Shah - Director
- Rohan Shashank Shah - Director
- Dipali Shrenik Shah - Director
- Shrenik Subhash Shah - Director
The latest financial statements of Mhaswadkar Saraf 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 Mhaswadkar Saraf is 27AAHCM9403D1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAKCM7993D1ZY (Maharashtra).
The CIN (Corporate Identification Number) of Mhaswadkar Saraf is U74900PN2012PTC143175. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mhaswadkar Saraf was incorporated on 26 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
Nimish Shrenik Shah was appointed as Director on 22 Dec 2023. Nimish Shrenik Shah ceased to be Director on 23 Mar 2022. Rohan Shashank Shah was appointed as Director on 23 Mar 2022. Mhaswadkar Saraf has 9 board changes on record in total.
Yes, Mhaswadkar Saraf is registered as a small enterprise under Udyam registration (number: UDYAM-MH-30-0027521).
Mhaswadkar Saraf can be reached through the website saraf.mhaswadkar.com. Its registered office is in Satara, Maharashtra, India.
The registered office of Mhaswadkar Saraf is at S. No. 217 B Sadashiv Peth Satara, Maharashtra, India – 415002.