MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0102967
Mill Gears Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.84 Cr
▲ 63% YoY
Net profit · FY 2024
₹1.41 Cr
Net margin 4.2%
EBITDA · FY 2024
₹2.22 Cr
EBITDA margin 6.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5.15 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Mill Gears Private Limited
Data last updated:
Mill Gears Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 21 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29130GJ2018PTC105257. Its GSTIN is 24AAMCM2429G1ZJ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Apurva Maheshbhai Kusumgar and Sejal Apurva Kusumgar.
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 305 – Shreeji Chambers Chanrda Colony Corner Behind Sapphire Building C.G.Road, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.84 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net profit of ₹1.41 Cr (net margin 4.2%) and EBITDA of ₹2.22 Cr (EBITDA margin 6.6%).
The company is associated with 1 brand: Mill Gears. As per MCA filings, the company has open charges of ₹5.15 Cr on record.
Mill Gears Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0102967). For more details, the company can be reached via its website millgears.com.
Company details
CIN U29130GJ2018PTC105257
Registration Number 105257
Incorporation Date 21 November 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0102967
Recognitions & Rankings of Mill Gears
Contact details
Mill Gears Private Limited's registered office is in Ahmedabad, Gujarat. Its website is millgears.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address305 – Shreeji Chambers Chanrda Colony Corner Behind Sapphire Building C.G.Road, Ahmedabad, Gujarat, India – 380006
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Mill Gears Private Limited, buy the company report.
Comprehensive company report
Mill Gears 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Mill Gears operates one associated brand: Mill Gears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Planetary gearbox manufacturing and solutions for the sugar industry in India. | millgears.com |
Business activity
The main business activity of Mill Gears is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Mill Gears Private Limited, buy the company report.
Financials of Mill Gears Private Limited
FY 2025 filings availableMill Gears Private Limited reported revenue of ₹33.84 Cr (up 63% YoY) for FY 2024.
Revenue · FY 2024
₹33.84 Cr ▲ 63%
Net profit · FY 2024
₹1.41 Cr margin 4.2%
EBITDA · FY 2024
₹2.22 Cr margin 6.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 63%
EBITDA CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 231%
Revenue rose 63% in the latest year. EBITDA fell 27% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.41 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mill Gears Private Limited, buy the company report.
Board of directors of Mill Gears Private Limited
Mill Gears has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurva Maheshbhai Kusumgar | Director | 21 Nov 2018 | 7 Years 11 Months | Current |
| Sejal Apurva Kusumgar | Director | 21 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Mill Gears Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Tocol Machine Tools Private Limited | ₹33.97 Cr (FY 2024) | 19.0% | Bangalore, Karnataka, India | |||
| Rotarymaster Manufacturing Private Limited | ₹33.91 Cr (FY 2025) | 97.0% | Chennai, Tamil Nadu, India | |||
| Rajdeep Engineering Systems Pune Private Limited | ₹33.91 Cr (FY 2025) | 113.0% | Pune, Maharashtra, India | |||
| Mill Gears Private Limitedthis company | ₹33.84 Cr (FY 2024) | ₹1.41 Cr | 4.2% | 63.0% | Ahmedabad, Gujarat, India | |
| Kabelschlepp India Private Limited | ₹33.79 Cr (FY 2025) | 11.0% | Doddaballapura, Karnataka, India | |||
| Varsha Techno Ind-Equip Private Limited | ₹33.71 Cr (FY 2025) | 82.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mill Gears Private Limited, buy the company report.
Auditor
Mill Gears Private Limited is audited by DHIRAJLAL SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHIRAJLAL SHAH & CO. | FY 2023 | 102500W |
Shareholding
The shareholding of Mill Gears 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 Mill Gears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101166297 | Bank of India | ₹5 Cr | Open | |
| 18 Nov 2023 | 100844374 | Others | ₹7.4 Lakh | Open | |
| 18 Nov 2023 | 100844378 | Others | ₹7.4 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Mill Gears 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 Mill Gears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mill Gears has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCM2429G1ZJ | Gujarat | Active | 21 Jan 2019 |
To see the full GST registrations and return filing status of Mill Gears Private Limited, buy the company report.
Recent activity
Mill Gears Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Apurva Maheshbhai Kusumgar was appointed as Director on 21 Nov 2018.
AGM
Mill Gears Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Bank Of India amounted to Rs. 500.00 Lakh with Charge ID 101166297 was registered on 25 Sep 2025.
Filing
Mill Gears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 7.40 Lakh with Charge ID 100844374 was registered on 18 Nov 2023.
Charges
A charge with Others amounted to Rs. 7.40 Lakh with Charge ID 100844378 was registered on 18 Nov 2023.
Appointed
Apurva Maheshbhai Kusumgar was appointed as Director.
Appointed
Sejal Apurva Kusumgar was appointed as Director.
Incorporation
21 Nov 2018
Mill Gears Private Limited was registered on 21 Nov 2018 with Roc Ahmedabad & aged 7 years 11 months as per MCA records.
Frequently asked questions
Mill Gears is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 21 November 2018 (8+ years old) and is registered under CIN U29130GJ2018PTC105257.
Mill Gears has 2 current directors:
- Apurva Maheshbhai Kusumgar - Director
- Sejal Apurva Kusumgar - Director
The latest financial statements of Mill Gears 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 FY 2019 are in the company report.
The GSTIN of Mill Gears is 24AAMCM2429G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Mill Gears is U29130GJ2018PTC105257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mill Gears was incorporated on 21 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mill Gears by revenue are Tocol Machine Tools Private Limited, Rotarymaster Manufacturing Private Limited, Rajdeep Engineering Systems Pune Private Limited, Kabelschlepp India Private Limited, Varsha Techno Ind-Equip Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Apurva Maheshbhai Kusumgar was appointed as Director on 21 Nov 2018. Sejal Apurva Kusumgar was appointed as Director on 21 Nov 2018.
Yes, Mill Gears is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0102967).
Mill Gears can be reached through the website millgears.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Mill Gears is at 305 – Shreeji Chambers Chanrda Colony Corner Behind Sapphire Building C.G.Road, Ahmedabad, Gujarat, India – 380006.