About Mihan India Limited
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Mihan India Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Maharashtra Airport Development Company Limited. It operates in the airport infrastructure and development segment of the infrastructure and utilities sector. It was incorporated on 09 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U74990MH2009PLC193150. Its GSTIN is 27AAGCM1310C1Z5 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. It was formerly known as Mihan India Private Limited. It is led by directors including Vipin Vithoba Itankar (Managing Director) and Sujit Kumar Kar.
Its last annual general meeting (AGM) was held on 26 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nagpur, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹149.51 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹64.51 Cr (net margin 43.1%) and EBITDA of ₹103.11 Cr (EBITDA margin 69%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 5% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹10 Cr on record. Court records list 41 cases involving the company, including 9 filed by the company and 32 filed against it; 12 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹10 Cr; the latest was in December 2013.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mihanindia.in.
Company details
CIN history
Mihan India has one previous CIN (Corporate Identification Number): U74990MH2009PTC193150. The current CIN is U74990MH2009PLC193150, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74990MH2009PLC193150 | Current |
| U74990MH2009PTC193150 | Previous |
Contact details
Mihan India Limited's registered office is in Nagpur, Maharashtra. Its website is mihanindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Old Terminal Building Dr. Babasaheb Ambedkar International Air, Port, Nagpur, Maharashtra, India – 440005
- IndustryInfrastructure and Utilities, Airport Infrastructure & Development
To see the full contact details of Mihan India Limited, buy the company report.
- 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
Business activity
The main business activity of Mihan India is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Mihan India Limited, buy the company report.
Financials of Mihan India Limited
FY 2025 filings availableMihan India Limited reported revenue of ₹149.51 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 37% growth in the latest year. EBITDA rose 59% 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 | ₹103.11 Cr | ||||
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| Net Profit (PAT) | ₹64.51 Cr | ||||
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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 | 69% | ||||
| Net Profit Margin | 43.1% | ||||
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To see the full financial statements and ratios of Mihan India Limited, buy the company report.
Board of directors of Mihan India Limited
Mihan India has 7 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipin Vithoba Itankar | Managing Director | 27 Dec 2024 | 1 Years 10 Months | Current |
| Sujit Kumar Kar | Director | 29 Jun 2017 | 9 Years 4 Months | Current |
| Anbalagan Ponnusamy Also directs: Pune (Purandar) International Airport Limited, Maharashtra Airport Development Company Limited, Mahanagar Gas Limited and 5 more | Nominee Director | 26 Dec 2024 | 1 Years 10 Months | Current |
| Sharad Ganpatrao Kinkar | Director | 29 Jun 2017 | 9 Years 4 Months | Current |
| Sanjay Jagdishchandra Sethi | Nominee Director | 11 Mar 2024 | 2 Years 7 Months | Current |
| Prem Prasad Navunni Also directs: Dholera International Airport Company Limited | Nominee Director | 03 Oct 2025 | 1 Years 0 Months | Current |
Auditor
Mihan India Limited is audited by Khanzode & Shenwai for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khanzode & Shenwai | FY 2023 | 112415W |
Shareholding
The shareholding of Mihan India 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 Mihan India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Apr 2016 | 100025080 | Yes Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Mihan India Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mihan India Limited has 1 deal on record (1 funding round), with disclosed funding of ₹10 Cr; the latest was in December 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2013 | Funding round | ₹10 Cr | Investors: Maharashtra Airport Development Company Limited , Airports Authority Of India |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mihan India Limited has 41 court cases on record: 9 filed by Mihan India, 32 filed against it. 12 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 17 | 1 |
| District courts | 10 | 9 | 7 |
| Supreme Court | 9 | 6 | 4 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4204-MATTERS RELATING TO LEASES, GOVT. CONTRACTS & CONTRACTS BY LOCAL BODIES : Tenders invited or contracts awarded/leases granted or determined by local bodies) | Filed by the company against GMR Airports Ltd. Through Authorised Representative Mr. T.V. Ganesan Registered Office at 25/1, Skip House, Museum Road , District: Bangalore ,Bangalore , Karnataka and 2 others | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Tarangan Infraventures Private Limited, THR. Director, Shri Anil Nair, Nagpur | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Hagwood Commercial Developers Private Limited, Mumbai THR. Director, Sudhanshu S. Chaturvedi | Disposed |
| High Court, MAHARASHTRA | Court case (MCA) | Filed by the company against Ola Electric Mobility Private Ltd., Banglore Through Mr. Vishal Gupta, City Head, Nagpur | Disposed |
| Supreme Court | Court case (4203-MATTERS RELATING TO LEASES, GOVT. CONTRACTS & CONTRACTS BY LOCAL BODIES : Tenders invited or contracts awarded/leases granted or determined by State Governments / Union Territories) | Filed by the company against GMR Airports Ltd. Through Authorised Representative Mr. T.V. Ganesan Registered Office at 25/1, Skip House, Museum Road , District: Bangalore ,Bangalore , Karnataka | Disposed |
To see the full case history of Mihan India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mihan India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mihan India Limited has a workforce of 11 employees on its EPFO records as of Oct 10, 2024, across 1 active EPFO establishment.
GST
Mihan India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM1310C1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AAGCM1310C1DE | Maharashtra | Active | 20 Nov 2018 |
To see the full GST registrations and return filing status of Mihan India Limited, buy the company report.
Recent activity
Mihan India Limited has 39 board changes on record since 2010: 8 appointments and 31 cessations. The latest: Prem Prasad Navunni was appointed as Nominee Director on 03 Oct 2025.
32 earlier events are in the company report.
News
Frequently asked questions
Mihan India is an active company based in Nagpur, Maharashtra, India. The company works in airport infrastructure and development, within the infrastructure and utilities industry. It was incorporated on 09 June 2009 (17+ years old) and is registered under CIN U74990MH2009PLC193150.
Mihan India has 7 current directors:
- Vipin Vithoba Itankar - Managing Director
- Sujit Kumar Kar - Director
- Anbalagan Ponnusamy - Nominee Director
- Sharad Ganpatrao Kinkar - Director
- Sanjay Jagdishchandra Sethi - Nominee Director
- Prem Prasad Navunni - Nominee Director
- Anil Kumar Gupta - Nominee Director
The latest financial statements of Mihan India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mihan India is 27AAGCM1310C1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAGCM1310C1DE (Maharashtra).
The CIN (Corporate Identification Number) of Mihan India is U74990MH2009PLC193150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mihan India has 41 court cases on record: 9 filed by the company and 32 filed against it. 12 are pending. Most are in the high courts.
Mihan India was incorporated on 09 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Nagpur.
Mihan India has 1 deal on record (1 funding round), with disclosed funding of ₹10 Cr; the latest was in December 2013.
Prem Prasad Navunni was appointed as Nominee Director on 03 Oct 2025. Radha Krishna Jinka Thippeswamy ceased to be Nominee Director on 03 Oct 2025. Swati Madhukar Pandey ceased to be Managing Director on 27 Dec 2024. Mihan India has 39 board changes on record in total.
Mihan India can be reached through the website mihanindia.in. Its registered office is in Nagpur, Maharashtra, India.
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