About Milestone Gears Limited
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Milestone Gears Limited is a public limited company based in Parwanoo, Himachal Pradesh, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 27 April 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U74110HP1984PLC005831. Its GSTIN is 02AAACM9431E1ZX (Himachal Pradesh). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹24 Cr and a paid-up capital of ₹18 Cr. It was formerly known as Milestone Gears Private Limited. It is led by directors including Aman Tandon (Managing Director) and Yudhisthir Lal Madan.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 58 Sector 1 Industrial Area District Solan, Parwanoo, Himachal Pradesh, India – 173220.
As per the financials filed for FY 2025, the company reported a revenue of ₹546.89 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹22.06 Cr (net margin 4%) and EBITDA of ₹96.31 Cr (EBITDA margin 17.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 13% over five years.
The company has about 1,396 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Milestone Gears. As per MCA filings, the company has open charges of ₹641.64 Cr and satisfied charges of ₹209.15 Cr on record. Court records list 76 cases involving the company, including 34 filed by the company and 42 filed against it; 18 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2024. Its 10 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Ralson Tyres Limited with revenue of ₹554.39 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 230 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milestonegroup.co.in.
Company details
CIN history
Milestone Gears has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110HP1984PLC005831, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110HP1984PLC005831 | Current |
| U74110HP1984PTC005831 | Previous |
| U29130HP1984PTC005831 | Previous |
Contact details
Milestone Gears Limited's registered office is in Parwanoo, Himachal Pradesh.
- Registered Address58 Sector 1 Industrial Area District Solan, Parwanoo, Himachal Pradesh, India – 173220
- IndustryAutomotive, Auto Parts & Components
- 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
Brands
Milestone Gears operates one associated brand: Milestone Gears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies transmission components to original equipment manufacturers. | milestonegroup.co.in |
Financials of Milestone Gears Limited
FY 2024 filings availableMilestone Gears Limited reported revenue of ₹546.89 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA rose 36% 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 | ₹96.31 Cr | ||||
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| Net Profit (PAT) | ₹22.06 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 | 17.6% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Milestone Gears Limited, buy the company report.
Board of directors and KMP of Milestone Gears Limited
Milestone Gears Limited currently reports 5 directors and 2 key managerial personnel. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Budhiraja | Cfo | 01 Jul 2025 | 1 Years 4 Months | Current |
| Yudhisthir Lal Madan | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Vivek Prakash | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Aman Tandon | Managing Director | 01 Jan 2007 | 19 Years 10 Months | Current |
| Biresh Kumar Thakur | Ceo | 01 Jul 2025 | 1 Years 4 Months | Current |
| Ashok Kumar Tandon | Director | 27 Apr 1984 | 42 Years 6 Months | Current |
Peer comparison
Milestone Gears Limited is compared with the 10 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ralson Tyres Limited | ₹554.39 Cr (FY 2025) | 134.0% | Ludhiana, Punjab, India | |||
| Sri Ramadas Motor Transport Ltd. | ₹552.86 Cr (FY 2023) | 35.0% | Kakinada, Andhra Pradesh, India | |||
| Spack Automotives Private Limited | ₹551.3 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Maxxis Rubber India Private Limited | ₹550.96 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| Ms Global India Automotive Private Limited | ₹547.67 Cr (FY 2023) | 17.0% | Mumbai, Maharashtra, India | |||
| Milestone Gears Limitedthis company | ₹546.89 Cr (FY 2025) | ₹22.06 Cr | 4% | 2.0% | Parwanoo, Himachal Pradesh, India | |
| Pinnacle Industries Limited | ₹545.44 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Borgwarner Emissions Systems India Private Limited | ₹544.61 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Dell'orto India Private Limited | ₹543.75 Cr (FY 2025) | 5.0% | Pune, Maharashtra, India | |||
| I M Gears Private Limited | ₹539.44 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Taco Air International Thermal Systems Private Limited | ₹539.18 Cr (FY 2025) | -13.0% | Pune, Maharashtra, India |
To see the full peer comparison of Milestone Gears Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Aug 2025 | 101135782 | Hdfc Bank Limited | ₹22.66 Lakh | Open | |
| 01 Jul 2025 | 101129537 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 12 Mar 2025 | 101082297 | Hdfc Bank Limited | ₹8.92 Lakh | Open | |
| 24 Feb 2025 | 101059395 | Hdfc Bank Limited | ₹32.01 Lakh | Open | |
| 05 Oct 2023 | 100794044 | Others | ₹24 Cr | Open |
To see the full charge records of Milestone Gears Limited, buy the company report.
Total charge records: 71 View all charges
Deals & funding
Milestone Gears Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Milestone Gears Limited has 76 court cases on record: 34 filed by Milestone Gears, 42 filed against it. 18 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 63 | 32 | 14 |
| District courts | 12 | 10 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kapurthala, Punjab | Civil suit | Filed against the company by M/S Srishti Agencies Pvt. Ltd | Pending |
| District court, Panchkula, Haryana | Civil suit | Filed by the company against M/S Srishti Agencies Private Limited and 1 other | Pending |
| District court, Kapurthala, Punjab | Civil suit | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax(Not Applicable) | Pending |
| District court, Panchkula, Haryana | Court case (COMI) | Filed by the company against an individual | Pending |
To see the full case history of Milestone Gears 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
Milestone Gears Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 230 overdue payments to 13 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 (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Milestone Gears Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Milestone Gears has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACM9431E1ZX | Himachal Pradesh | Active | 01 Jul 2017 |
| 02AAACM9431E3ZV | Himachal Pradesh | Active | 10 Jul 2017 |
| 02AAACM9431E4ZU | Himachal Pradesh | Active | 11 Jul 2017 |
| 02AAACM9431E5ZT | Himachal Pradesh | Active | 07 Oct 2020 |
To see the full GST registrations and return filing status of Milestone Gears Limited, buy the company report.
Recent activity
Milestone Gears Limited has 12 board changes on record since 1984: 7 appointments and 5 cessations. The latest: Neha was appointed as Director on 29 Sep 2025.
148 earlier events are in the company report.
Frequently asked questions
Milestone Gears is an active public limited company based in Parwanoo, Himachal Pradesh, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 27 April 1984 (42+ years old) and is registered under CIN U74110HP1984PLC005831.
Milestone Gears has 7 current directors and KMP:
- Aman Tandon - Managing Director
- Yudhisthir Lal Madan - Director
- Vivek Prakash - Director
- Ashok Kumar Tandon - Director
- Neha - Director
- Pankaj Kumar Budhiraja - Cfo
- Biresh Kumar Thakur - Ceo
The latest financial statements of Milestone Gears on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Milestone Gears is 02AAACM9431E1ZX, registered in Himachal Pradesh. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 02AAACM9431E3ZV (Himachal Pradesh), 02AAACM9431E4ZU (Himachal Pradesh), 02AAACM9431E5ZT (Himachal Pradesh).
The CIN (Corporate Identification Number) of Milestone Gears is U74110HP1984PLC005831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milestone Gears has 76 court cases on record: 34 filed by the company and 42 filed against it. 18 are pending. Most are in the high courts.
Milestone Gears was incorporated on 27 April 1984, making it 42+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Milestone Gears has 3 deals on record (3 secondary share transfers); the latest was in March 2024.
The peers of Milestone Gears by revenue are Ralson Tyres Limited, Sri Ramadas Motor Transport Ltd, Spack Automotives Private Limited, Maxxis Rubber India Private Limited, Ms Global India Automotive Private Limited and 5 more, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Neha was appointed as Director on 29 Sep 2025. Vivek Prakash was appointed as Director on 29 Sep 2025. Yudhisthir Lal Madan was appointed as Director on 29 Sep 2025. Milestone Gears has 12 board changes on record in total.
Milestone Gears has 11 MSME Form 1 returns on record between 2019 and 2024, listing 230 overdue payments to 13 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Milestone Gears can be reached through the website milestonegroup.co.in. Its registered office is in Parwanoo, Himachal Pradesh, India.
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