Minal Industries Limited - Company Profile

Q: Who are the current directors of Minal Industries Limited?

The current directors of Minal Industries Limited are Subham Chand Jain, Harshala Keshav Karangutkar, Piyush Harish Talyani, Ajay Jormal Mehta, Divyanshu Navlakha, Shrikant Jesinglal Parikh, Disha Hiteshkumar Rathod.

It is a engineering public limited company based in Mumbai, Maharashtra, India, established in 1988.

1988 Mumbai, Maharashtra, India Active

Last Updated: January 04, 2026

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About Minal Industries Limited

Minal Industries Limited, a active public limited company, was established on 11 January 1988 in Mumbai, Maharashtra, India. Engaging in metal foundry & fabrication services within the trade sector, it holds CIN: L32201MH1988PLC216905. Registered under ROC Roc Mumbai. it is listed on BSE: 522235. It has an authorized capital of ₹63.00 Cr and a paid-up capital of ₹38.38 Cr.

It upholds a compliant status. In 2024, it reported revenue of ₹1.68 Cr and a net worth of ₹38.88 Cr. Its leadership includes Subham Chand Jain (Director), Ajay Jormal Mehta (Director), Divyanshu Navlakha (Director). Past directors included Sona Akash Parikh, Sagar Diwakar Parab, Ajay Jormal Mehta. It holds ₹1.59 M open charges and no settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at 603- L Minal Co-Op Hsg So Ltd, Off Sakivihar Road, Andheri-East, Mumbai, Maharashtra, 400072.

Company Details

CIN/LLPIN
L32201MH1988PLC216905
Registration Number
216905
Incorporation Date
11 January 1988
Authorized Capital
₹63.00 Cr
Paid-Up Capital
₹38.38 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 522235)
Company Status
Active

Key Metrics

Authorised Capital ₹ 63.00 Cr as on 04-01-2026
Paid Up Capital ₹ 38.38 Cr as on 04-01-2026
Company Age 38 Year, 1 Month
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1.59 M as on 04-01-2026
Revenue Growth **** -65.75% (FY 2024)
Profit Growth **** -447.38% (FY 2024)
Ebitda **** -95.47% (FY 2024)
Net Worth -8.17% (FY 2024)
Total Assets -9.84% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Minal Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Minal Industries Limited?

Current Directors

Name	Designation	Appointment Date	Status
Subham Chand Jain	Director	26 Aug 2023	Current
Ajay Jormal Mehta	Director	30 Jun 2024	Current
Divyanshu Navlakha	Director	04 Mar 2025	Current
Shrikant Jesinglal Parikh	Managing Director	11 Jan 1988	Current
Disha Hiteshkumar Rathod	Director	30 May 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Company Secretary	01 May 2012	Past
Pramod Abcsdd	Additional Director	29 Sep 2024	Past
Pramod Abcsdd	Additional Director	29 May 2025	Past
Pramod Abcsdd	Additional Director	02 Apr 2012	Past
Pramod Abcsdd	Director	09 Mar 2015	Past

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Financial Performance of Minal Industries.

Minal Industries Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 65.75% decrease. The company also saw a substantial fall in profitability, with a 447.38% decrease in profit. The company's net worth dipped by a decrease of 8.17%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-65.75%

*******

Revenue from Operations

*******

-75.48%

*******

Total Assets

*******

-9.84%

*******

Profit or Loss

*******

-447.38%

*******

Net Worth

*******

-8.17%

*******

EBITDA

*******

-95.47%

*******

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What is the Ownership and Shareholding Structure of Minal Industries?

In 2024, Minal Industries had a promoter holding of 40.63% and a public holding of 59.36%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,590,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Gujrat State Financial Corporation : 0.15 Cr
Corporation Bank : 0.01 Cr

Latest Charge Details

Date	Lender	Amount	Status
15 Oct 1992	Corporation Bank	₹0.13 M	Open
21 Jun 1988	Gujrat State Financial Corporation	₹1.47 M	Open

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How Many Employees Work at Minal Industries?

Unlock and access historical data on people associated with Minal Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Minal Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Minal Industries's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Minal Industries

Recent Activity within the Organization

Annual General Meeting

The activity Minal Industries Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was completed.
26 Sep 2025
Director Appointment

The activity Disha Hiteshkumar Rathod was appointed as a Director was appointed as a Director on 30 May 2025 & has been associated with this company since 8 months 16 days . was completed.
30 May 2025
Balance Sheet

Minal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Director Appointment

Divyanshu Navlakha was appointed as a Director was appointed as a Director on 04 Mar 2025 & has been associated with this company since 11 months 12 days . was recorded as a recent event.
04 Mar 2025
Director Appointment

Ajay Jormal Mehta was appointed as a Director was appointed as a Director on 30 Jun 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
30 Jun 2024
Director Appointment

Subham Chand Jain was appointed as a Director was appointed as a Director on 26 Aug 2023 & has been associated with this company since 2 years 5 months . was recorded as a recent event.
26 Aug 2023

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