About Mihir Engineers Private Limited
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Mihir Engineers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 27 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1983PTC030293. Its GSTIN is 24AAACM4978L1Z2 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.12 Cr. It was formerly known as Mihir Engineers Ltd. It is led by directors including Joy Baluprasad Trivedi and Dinesh Rasiklal 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 226 Zee Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.5 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹1.09 Cr (net margin -2.2%) and EBITDA of -₹64.43 Lakh (EBITDA margin -1.3%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 18% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mihir Cooling. As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mihircooling.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC – 226 Zee Corporate Park Zee Shan, Mg Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Mihir Engineers Private Limited
The main business activities of Mihir Engineers are manufacturing and financial and insurance service. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other financial activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mihir Engineers Private Limited FY 2025 filings available
Mihir Engineers Private Limited reported revenue of ₹49.5 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mihir Engineers Private Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 365% 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 of Mihir Engineers Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹64.43 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.09 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mihir Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mihir Engineers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mihir Engineers Private Limited
Mihir Engineers Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Propack Shreiner Private Limited | ₹49.77 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| Varat Pump & Machinery Pvt Ltd | ₹49.74 Cr (FY 2024) | •••• | •••• | 113.0% | •••• | Kolkata, West Bengal, India |
| Ostberg India Private Limited | ₹49.7 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| Parikh Power Private Limited | ₹49.64 Cr (FY 2024) | •••• | •••• | 254.0% | •••• | Ahmedabad, Gujarat, India |
| Shreegee Impex Private Limited | ₹49.51 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Meerut, Uttar Pradesh, India |
| Mihir Engineers Private Limited this company | ₹49.5 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Diamond Castings Private Limited | ₹49.38 Cr (FY 2024) | •••• | •••• | 59.0% | •••• | Chennai, Tamil Nadu, India |
| Sukrit Industries Private Limited | ₹49.24 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Faridabad, Haryana, India |
| Blastline India Private Limited | ₹49.02 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Kochi, Kerala, India |
| Mechtech Inframine Private Limited | ₹49 Cr (FY 2025) | •••• | •••• | 594.0% | •••• | Vadodara, Gujarat, India |
| Elixir Trading Private Limited | ₹49 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Mihir Engineers by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mihir Engineers Private Limited
Mihir Engineers Private Limited is audited by B. D. Jokhakar & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. D. Jokhakar & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mihir Engineers Private Limited
Mihir Engineers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joy Baluprasad Trivedi | Director | 01 Apr 2006 | 20 Years 6 Months | Current |
| Dinesh Rasiklal Shah | Director | 27 Jun 1983 | 43 Years 3 Months | Current |
| Kalpana Dinesh Shah | Director | 01 Oct 1992 | 34 Years 0 Months | Current |
Ownership and Shareholding of Mihir Engineers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mihir Engineers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2019 | Hdfc Bank Limited | ₹3 Cr | Open |
| 06 Apr 2018 | Hdfc Bank Limited | ₹2 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Mihir Engineers Private Limited
Mihir Engineers Private Limited has 8 court cases on record: 8 filed by Mihir Engineers. All cases are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed by the company against Deputy Commissioner of Income Tax, Circle - 6 (3), Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against JT. Commissioner of Income Tax , Special Range 28, Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against Assistant Commissioner of Income Tax (Osd), Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against Deputy Commissioner of Income Tax, Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against Dy. Commissioner of Income Tax, Mumbai | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Mihir Engineers Private Limited
Mihir Engineers operates one associated brand: Mihir Cooling. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of FRP Cooling Towers and heat exchange equipment is conducted by Mihir Cooling in India. | mihircooling.com |
Employees and EPFO Compliance at Mihir Engineers Private Limited
Mihir Engineers Private Limited has a workforce of 15 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Mihir Engineers Private Limited
Mihir Engineers has one previous CIN (Corporate Identification Number): U74210MH1983PLC030293. The current CIN is U74210MH1983PTC030293, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210MH1983PTC030293 | Current |
| U74210MH1983PLC030293 | Previous |
Recent Activity on Mihir Engineers Private Limited
Mihir Engineers Private Limited has 4 board changes on record since 1983: 3 appointments and 1 cessation. The latest: Atul Rasiklal Shah ceased to be Whole-Time Director on 05 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Mihir Engineers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mihir Engineers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mihir Engineers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mihir Engineers Private Limited
Mihir Engineers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACM4978L1Z2 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mihir Engineers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mihir Engineers Private Limited
Mihir Engineers is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 27 June 1983 (43+ years old) and is registered under CIN U74210MH1983PTC030293.
Mihir Engineers reported revenue of ₹49.5 Cr for FY 2025 (down 6% YoY).
Mihir Engineers has 3 current directors:
- Joy Baluprasad Trivedi - Director
- Dinesh Rasiklal Shah - Director
- Kalpana Dinesh Shah - Director
Mihir Engineers reported a net loss of ₹1.09 Cr (net margin -2.2%) and EBITDA of -₹64.43 Lakh (EBITDA margin -1.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mihir Engineers is 37% over three years and 18% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mihir Engineers is 24AAACM4978L1Z2, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mihir Engineers is U74210MH1983PTC030293. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mihir Engineers has 8 court cases on record: 8 filed by the company.
Mihir Engineers was incorporated on 27 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mihir Engineers by revenue are Propack Shreiner Private Limited, Varat Pump & Machinery Pvt Ltd, Ostberg India Private Limited, Parikh Power Private Limited, Shreegee Impex Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Atul Rasiklal Shah ceased to be Whole-Time Director on 05 Jul 2022. Joy Baluprasad Trivedi was appointed as Director on 01 Apr 2006. Kalpana Dinesh Shah was appointed as Director on 01 Oct 1992. Mihir Engineers has 4 board changes on record in total.