Millars Machinery Co Pvt Limited
About Millars Machinery Co Pvt Limited
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Millars Machinery Co Pvt Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 26 July 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29240MH1971PTC015240. Its GSTIN is 27AACCM3891Q2ZP (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹12.5 Lakh. It is led by directors including Payal Tarak Patel (Whole-Time Director) and Ashok Jethabhai Patel.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Churchgate House 4th Floor32 – 34 Veer Nariman Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.47 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹4.16 Cr (net margin -168.3%) and EBITDA of -₹27.56 Lakh (EBITDA margin -11.1%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹23.14 Lakh and satisfied charges of ₹12 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Millars Machinery Co Pvt Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressChurchgate House 4th Floor32 – 34 Veer Nariman Road, Mumbai, Maharashtra, India – 400001
- IndustryMachinery and Equipment, Construction Machinery & Equipment
To see the full contact details of Millars Machinery Co Pvt 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 Millars Machinery Co is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
Financials of Millars Machinery Co Pvt Limited
FY 2025 filings availableMillars Machinery Co Pvt Limited reported revenue of ₹2.47 Cr (down 52% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 52% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 110% 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 | -₹27.56 Lakh | ||||
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| Net Profit (PAT) | -₹4.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -11.1% | ||||
| Net Profit Margin | -168.3% | ||||
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To see the full financial statements and ratios of Millars Machinery Co Pvt Limited, buy the company report.
Board of directors of Millars Machinery Co Pvt Limited
Millars Machinery Co has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Jethabhai Patel | Director | 28 Aug 1971 | 55 Years 1 Months | Current |
| Tarak Ashok Patel Also directs: GMM Pfaudler Limited, Ready Mix Concrete Limited, Millars Concrete Technologies Private Limited and 3 more | Director | 28 Mar 2001 | 25 Years 6 Months | Current |
| Urmi Ashok Patel Also directs: Ready Mix Concrete Limited, Millars Concrete Technologies Private Limited, Uttarak Enterprises Pvt Ltd and 1 more | Director | 19 Aug 2020 | 6 Years 2 Months | Current |
| Payal Tarak Patel Also directs: Ready Mix Concrete Limited, Millars Concrete Technologies Private Limited, Uttarak Enterprises Pvt Ltd and 2 more | Whole-Time Director | 02 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Millars Machinery Co Pvt Limited is audited by RMJ & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RMJ & ASSOCIATES LLP | FY 2023 | W100281 |
Shareholding
The shareholding of Millars Machinery Co Pvt 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 Millars Machinery Co Pvt Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 1977 | 90161461 | Bank of Maharashtra | ₹5 Lakh | Open | |
| 15 Feb 1977 | 90161447 | Bank of Maharashtra | ₹75,000 | Open | |
| 12 Apr 1976 | 90161422 | Bank of Maharashtra | ₹4 Lakh | Open | |
| 06 Jan 1976 | 90161411 | Bank of Maharashtra | ₹13.39 Lakh | Open | |
| 11 Sep 1971 | 90161284 | The National & Grindlays Bank Ltd. | ₹12 Lakh | Satisfied |
To see the full charge records of Millars Machinery Co Pvt Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Millars Machinery Co Pvt Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Civil suit | Filed against the company by International Impex | Disposed |
To see the full case history of Millars Machinery Co Pvt 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 Millars Machinery Co Pvt Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Millars Machinery Co has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM3891Q2ZP | Maharashtra | Active | 20 Nov 2023 |
To see the full GST registrations and return filing status of Millars Machinery Co Pvt Limited, buy the company report.
Recent activity
Millars Machinery Co Pvt Limited has 8 board changes on record since 1971: 4 appointments and 4 cessations. The latest: Payal Tarak Patel ceased to be Additional Director on 30 Nov 2021.
5 earlier events are in the company report.
Frequently asked questions
Millars Machinery Co is an active private limited company based in Mumbai, Maharashtra, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 26 July 1971 (55+ years old) and is registered under CIN U29240MH1971PTC015240.
Millars Machinery Co has 4 current directors:
- Payal Tarak Patel - Whole-Time Director
- Ashok Jethabhai Patel - Director
- Tarak Ashok Patel - Director
- Urmi Ashok Patel - Director
The latest financial statements of Millars Machinery Co on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Millars Machinery Co is 27AACCM3891Q2ZP, registered in Maharashtra. 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 Millars Machinery Co is U29240MH1971PTC015240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Millars Machinery Co has 1 court case on record: 1 filed against it.
Millars Machinery Co was incorporated on 26 July 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
Payal Tarak Patel ceased to be Additional Director on 30 Nov 2021. Payal Tarak Patel was appointed as Whole-Time Director on 02 Sep 2021. Urmi Ashok Patel ceased to be Additional Director on 30 Dec 2020. Millars Machinery Co has 8 board changes on record in total.
The registered office of Millars Machinery Co is at Churchgate House 4th Floor32 – 34 Veer Nariman Road, Mumbai, Maharashtra, India – 400001.
Millars Machinery Co operates in the machinery and equipment industry, in the construction machinery and equipment segment.