MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0073475
Mhe Rentals India Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.25 Cr
▲ 9% YoY
Net profit · FY 2025
₹23.94 Lakh
Net margin 1.7%
EBITDA · FY 2025
₹3.67 Cr
EBITDA margin 25.7%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹9.99 Cr
Issued & subscribed
Open charges
₹10.6 Cr
Satisfied ₹15.37 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
195
Provident fund records
About Mhe Rentals India Private Limited
Data last updated:
Mhe Rentals India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Josts Engineering Company Limited. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 21 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U71290MH2016PTC311695. Its GSTIN is 27AAKCM7905P1ZP (Maharashtra).
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹9.99 Cr. It is led by directors including Vishal Jain (Whole-Time Director) and Pramod Madhukar Pophale.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 304 3rd Floor Bharat Chamber Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.25 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹23.94 Lakh (net margin 1.7%) and EBITDA of ₹3.67 Cr (EBITDA margin 25.7%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 195 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.6 Cr and satisfied charges of ₹15.37 Cr on record. The company has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹3 Cr; the latest was in March 2023. Its 4 peer companies in the BFSI industry (Machinery and Equipment Leasing, Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities) are compared by revenue, 2 larger and 2 smaller; the largest is Starlog Enterprises Limited with revenue of ₹14.63 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 77 overdue payments to 1 micro and small supplier.
Mhe Rentals India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0073475). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mherentals.com.
Company details
CIN U71290MH2016PTC311695
Registration Number 311695
Incorporation Date 21 December 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Josts Engineering Company Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0073475
CIN history
Mhe Rentals India has one previous CIN (Corporate Identification Number): U71290WB2016PTC218677. The current CIN is U71290MH2016PTC311695, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U71290MH2016PTC311695 | Current |
| U71290WB2016PTC218677 | Previous |
Key People
Vishal Jain Whole-Time Director Pramod Madhukar Pophale Director Lakshmanraju Sharath Kumar Director Recognitions & Rankings of Mhe Rentals India
Contact details
Mhe Rentals India Private Limited's registered office is in Mumbai, Maharashtra. Its website is mherentals.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address304 3rd Floor Bharat Chamber Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Mhe Rentals India Private Limited, buy the company report.
Comprehensive company report
Mhe Rentals India 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 Mhe Rentals India is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Mhe Rentals India Private Limited, buy the company report.
Financials of Mhe Rentals India Private Limited
FY 2025 filings availableMhe Rentals India Private Limited reported revenue of ₹14.25 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹14.25 Cr ▲ 9%
Net profit · FY 2025
₹23.94 Lakh margin 1.7%
EBITDA · FY 2025
₹3.67 Cr margin 25.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 4%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 4%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 9% growth in the latest year. EBITDA rose 6% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.94 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 25.7% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Mhe Rentals India Private Limited, buy the company report.
Board of directors of Mhe Rentals India Private Limited
Mhe Rentals India has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Madhukar Pophale Also directs: Jecl Engineering Limited | Director | 30 Jan 2024 | 2 Years 9 Months | Current |
| Lakshmanraju Sharath Kumar Also directs: Josts Techno Solutions Limited, Josts Foundation | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Vishal Jain Also directs: Vishidhra Investment Advisors LLP, Arbor Ventures LLP, Josts Engineering Company Limited and 4 more | Whole-Time Director | 21 Apr 2017 | 9 Years 6 Months | Current |
Peer comparison
Mhe Rentals India Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Machinery and Equipment Leasing, Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Starlog Enterprises Limited | ₹14.63 Cr (FY 2025) | -29.0% | Mumbai, Maharashtra, India | |||
| Seemax Resources Limited | ₹14.46 Cr (FY 2025) | 27.0% | Vadodara, Gujarat, India | |||
| Mhe Rentals India Private Limitedthis company | ₹14.25 Cr (FY 2025) | ₹23.94 Lakh | 1.7% | 9.0% | 195 | Mumbai, Maharashtra, India |
| Meherafrin Investments Private Limited | ₹14.25 Cr (FY 2025) | 51.0% | Mumbai, Maharashtra, India | |||
| Vario Services Private Limited | ₹14.07 Cr (FY 2024) | 521.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Mhe Rentals India Private Limited, buy the company report.
Auditor
Mhe Rentals India Private Limited is audited by Vinod Kumar & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinod Kumar & Associates | FY 2023 | 002304N |
Shareholding
The shareholding of Mhe Rentals India 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 Mhe Rentals India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.6 Cr
Satisfied charges
₹15.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2024 | 101001672 | The Zoroastrian Co-Operative Bank Limited | ₹82.74 Lakh | Open | |
| 14 Dec 2023 | 100836717 | The Zoroastrian Co-Operative Bank Limited | ₹4 Cr | Open | |
| 29 Dec 2021 | 100520531 | Others | ₹24.51 Lakh | Open | |
| 26 Nov 2021 | 100507417 | Others | ₹84.3 Lakh | Open | |
| 30 Sep 2021 | 100486388 | Others | ₹40.54 Lakh | Open |
To see the full charge records of Mhe Rentals India Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Mhe Rentals India Private Limited has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹3 Cr; the latest was in March 2023.
Total deals
5
Secondary share transfers
3
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹3 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Josts Engineering Company Limited Seller: 3 individuals |
| Aug 2017 | Rights issue | ₹9.98 Cr | Investors: Josts Engineering Company Limited , 3 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Josts Engineering Company Limited , 2 individuals Seller: 2 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Mhe Rentals India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Mhe Rentals India 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
Mhe Rentals India Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 77 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Josts Engineering Company Limited |
To see the full MSME payment records of Mhe Rentals India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mhe Rentals India Private Limited has a workforce of 195 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
195
Active EPFO establishments
1
Employee growth
-28.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 195 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Mhe Rentals India Private Limited, buy the company report.
GST
Mhe Rentals India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM7905P1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mhe Rentals India Private Limited, buy the company report.
Recent activity
Mhe Rentals India Private Limited has 13 board changes on record since 2017: 3 appointments and 10 cessations. The latest: Pramod Madhukar Pophale ceased to be Additional Director on 01 Sep 2024.
AGM
Mhe Rentals India Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Charges
A charge registered on 04 Jan 2020 via Charge ID 100317574 with Hdfc Bank Limited was fully satisfied on 13 May 2025.
Filing
Mhe Rentals India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with The Zoroastrian Co-Operative Bank Limited amounted to Rs. 0.83 Cr with Charge ID 101001672 was registered on 22 Oct 2024.
Ceased
Pramod Madhukar Pophale ceased to be Additional Director.
Ceased
Sanjiv Swarup ceased to be Additional Director.
Appointed
Pramod Madhukar Pophale was appointed as Director.
Charges
A charge with The Zoroastrian Co-Operative Bank Limited amounted to Rs. 4.00 Cr with Charge ID 100836717 was registered on 14 Dec 2023.
Ceased
Dhanaji Maruti Sawant ceased to be Additional Director.
Ceased
Lakshmanraju Sharath Kumar ceased to be Additional Director.
Appointed
Lakshmanraju Sharath Kumar was appointed as Director.
Charges
A charge registered on 18 Jan 2018 via Charge ID 100155870 with The Zoroastrian Co-Operative Bank Limited was fully satisfied on 24 Nov 2022.
28 earlier events are in the company report.
Frequently asked questions
Mhe Rentals India is an active private limited company based in Mumbai, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 21 December 2016 (10+ years old) and is registered under CIN U71290MH2016PTC311695.
Mhe Rentals India has 3 current directors:
- Vishal Jain - Whole-Time Director
- Pramod Madhukar Pophale - Director
- Lakshmanraju Sharath Kumar - Director
The latest financial statements of Mhe Rentals India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Mhe Rentals India is 27AAKCM7905P1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mhe Rentals India is U71290MH2016PTC311695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mhe Rentals India was incorporated on 21 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Mhe Rentals India has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹3 Cr; the latest was in March 2023.
The peers of Mhe Rentals India by revenue are Starlog Enterprises Limited, Seemax Resources Limited, Meherafrin Investments Private Limited, Vario Services Private Limited, all in the BFSI industry (Machinery and Equipment Leasing, Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities).
Pramod Madhukar Pophale ceased to be Additional Director on 01 Sep 2024. Sanjiv Swarup ceased to be Additional Director on 01 Sep 2024. Pramod Madhukar Pophale was appointed as Director on 30 Jan 2024. Mhe Rentals India has 13 board changes on record in total.
Yes, Mhe Rentals India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0073475).
Mhe Rentals India has 6 MSME Form 1 returns on record between 2019 and 2022, listing 77 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Apr 2022.
Mhe Rentals India can be reached through the website mherentals.com. Its registered office is in Mumbai, Maharashtra, India.
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