Minepro Minerals Private Limited

Minepro Minerals Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U14200MH2009PTC191425 Incorporated 02 April 2009 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company metals and minerals MSME · Small
Data last updated
Revenue · FY 2023
₹24.71 Cr
▲ 377% YoY
Net profit · FY 2023
₹21.09 Lakh
Net margin 0.9%
EBITDA · FY 2023
₹74.14 Lakh
EBITDA margin 3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹2.6 Cr
Satisfied ₹3.8 Cr
Company age
17 yrs
Est. 2009
Directors on board
5
As per MCA filings

About Minepro Minerals Private Limited

Data last updated:

Minepro Minerals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 02 April 2009 and has been in existence for over 17 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14200MH2009PTC191425. Its GSTIN is 24AAFCM9989C1Z3 (Gujarat). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Dhaval Kishore Desai (Managing Director) and Utkarsh Gupta.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Suite 402 Bhaveshwar Complex Kirol Road Vidhyavihar – (West), Mumbai, Maharashtra, India – 400086.

As per the financials filed for FY 2023, the company reported a revenue of ₹24.71 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹21.09 Lakh (net margin 0.9%) and EBITDA of ₹74.14 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 29% over five years.

The company is associated with 1 brand: Minepro. As per MCA filings, the company has open charges of ₹2.6 Cr and satisfied charges of ₹3.8 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 2 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹94 Lakh; the latest was in March 2024. Its 4 peer companies in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities) are compared by revenue, 2 larger and 2 smaller; the largest is Hi-Tech Rock Products & Aggregates Limited with revenue of ₹24.95 Cr.

Minepro Minerals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0030322). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minepro.net.

Company details

CIN U14200MH2009PTC191425
Registration Number 191425
Incorporation Date 02 April 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0030322
Key People
Dhaval Kishore Desai Managing Director Utkarsh Gupta Director Abhishek Jitendra Doshi Director

Recognitions & Rankings of Minepro Minerals

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0030322

Contact details

Minepro Minerals Private Limited's registered office is in Mumbai, Maharashtra. Its website is minepro.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    minepro.net
  • Registered Address
    Suite 402 Bhaveshwar Complex Kirol Road Vidhyavihar – (West), Mumbai, Maharashtra, India – 400086
  • Industry
    Metals and Minerals, Mining & Mineral Extraction

To see the full contact details of Minepro Minerals Private Limited, buy the company report.

Comprehensive company report
Minepro Minerals 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
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Brands

Minepro Minerals operates one associated brand: Minepro. Each brand links to its own profile.

BrandDescriptionWebsite
Minepro
Minepro is engaged in mining and processing bentonite clay.minepro.net

Business activity

The main business activities of Minepro Minerals are mining and quarrying and transport and storage. In detail, this covers other mining & quarrying activities and land transport via road. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
BMining and quarryingB4Other Mining & Quarrying Activities
HTransport and storageH1Land Transport via Road

To see the full business activity and turnover split of Minepro Minerals Private Limited, buy the company report.

Financials of Minepro Minerals Private Limited

FY 2023 filings available

Minepro Minerals Private Limited reported revenue of ₹24.71 Cr (up 377% YoY) for FY 2023.

Revenue · FY 2023
₹24.71 Cr ▲ 377%
Net profit · FY 2023
₹21.09 Lakh margin 0.9%
EBITDA · FY 2023
₹74.14 Lakh margin 3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 377%
3 years · compounded
▲ 70%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▲ 104%
3 years · compounded
▲ 25%
5 years · compounded
▲ 6%

Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 377% growth in the latest year. EBITDA rose 104% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
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₹74.14 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹21.09 Lakh
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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin3%
Net Profit Margin0.9%
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

To see the full financial statements and ratios of Minepro Minerals Private Limited, buy the company report.

Board of directors of Minepro Minerals Private Limited

Minepro Minerals has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dhaval Kishore DesaiManaging Director02 Apr 200917 Years 6 MonthsCurrent
Utkarsh GuptaDirector27 Feb 20224 Years 8 MonthsCurrent
Abhishek Jitendra DoshiDirector27 Feb 20224 Years 8 MonthsCurrent
Amit Sharma
Also directs: Yogiraaj Nirman Private Limited
Director30 Sep 20224 Years 1 MonthsCurrent
Abhishek Sharma
Also directs: Yogiraaj Nirman Private Limited
Director30 Sep 20224 Years 1 MonthsCurrent
View all directors

Peer comparison

Minepro Minerals Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Hi-Tech Rock Products & Aggregates Limited₹24.95 Cr (FY 2025)39.0%Chennai, Tamil Nadu, India
Brothers Crusher Private Limited₹24.94 Cr (FY 2025)-11.0%Vengara, Kerala, India
Minepro Minerals Private Limitedthis company₹24.71 Cr (FY 2023)₹21.09 Lakh0.9%377.0%Mumbai, Maharashtra, India
Dangi Mining Private Limited₹24.31 Cr (FY 2025)38.0%Udaipur, Rajasthan, India
Ckristal Metals and Minerals Private Limited₹24.28 Cr (FY 2024)45.0%Mapusa, Goa, India

To see the full peer comparison of Minepro Minerals Private Limited, buy the company report.

Auditor

Minepro Minerals Private Limited is audited by SUTARIA ASSOCIATES for the financial year 2020.

Auditor firmFinancial yearFirm registration number
SUTARIA ASSOCIATESFY 2020110728W

Shareholding

The shareholding of Minepro Minerals Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Minepro Minerals Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2.6 Cr
Satisfied charges
₹3.8 Cr
Breakdown by lending institutions
Others₹2.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Nov 2021100500144Others₹60 LakhOpen
24 Feb 201610627081Others₹2 CrOpen
02 Mar 2017100086680Others₹45 LakhSatisfied
28 Oct 201310456835Bank of Baroda₹30 LakhSatisfied
24 Sep 201210379140Bank of Baroda₹1.7 CrSatisfied

To see the full charge records of Minepro Minerals Private Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Minepro Minerals Private Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹94 Lakh; the latest was in March 2024.

Total deals
8
Secondary share transfers
5
Funding rounds
2
Rights issue
1
Disclosed funding
₹94 Lakh

Deals on record (5 of 8)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2022Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 3 individuals
Aug 2022Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Apr 2022Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
May 2019Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals

To see the full deal history of Minepro Minerals Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Minepro Minerals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Minepro Minerals has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
24AAFCM9989C1Z3GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Minepro Minerals Private Limited, buy the company report.

Recent activity

Minepro Minerals Private Limited has 11 board changes on record since 2009: 5 appointments and 6 cessations. The latest: Abhishek Sharma was appointed as Director on 30 Sep 2022.

AGM
Minepro Minerals Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge registered on 02 Mar 2017 via Charge ID 100086680 with Others was fully satisfied on 01 Sep 2023.
Filing
Minepro Minerals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Appointed
Abhishek Sharma was appointed as Director.
Appointed
Amit Sharma was appointed as Director.
Ceased
Govind Kanji Patel ceased to be Director.
Appointed
Abhishek Jitendra Doshi was appointed as Director.
Appointed
Utkarsh Gupta was appointed as Director.
Charges
A charge with Others of Rs. 0.60 Cr registered on 15 Nov 2021 with Charge ID 100500144 was modified on 18 Nov 2021.
Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100500144 was registered on 15 Nov 2021.
Ceased
Jaydevsinh Narendrasinh Vaghela ceased to be Whole-Time Director.
Ceased
Kuldeepsinh Virendrasinh Jadeja ceased to be Director.

18 earlier events are in the company report.

Frequently asked questions

Minepro Minerals is an active private limited company based in Mumbai, Maharashtra, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 02 April 2009 (17+ years old) and is registered under CIN U14200MH2009PTC191425.

Minepro Minerals has 5 current directors:

The latest financial statements of Minepro Minerals on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Minepro Minerals is 24AAFCM9989C1Z3, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Minepro Minerals is U14200MH2009PTC191425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Minepro Minerals has 7 court cases on record: 7 filed against it. 2 are pending. Most are in the district courts.

Minepro Minerals was incorporated on 02 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.

Minepro Minerals has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹94 Lakh; the latest was in March 2024.

The peers of Minepro Minerals by revenue are Hi-Tech Rock Products & Aggregates Limited, Brothers Crusher Private Limited, Dangi Mining Private Limited, Ckristal Metals and Minerals Private Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities).

Abhishek Sharma was appointed as Director on 30 Sep 2022. Amit Sharma was appointed as Director on 30 Sep 2022. Govind Kanji Patel ceased to be Director on 28 Feb 2022. Minepro Minerals has 11 board changes on record in total.

Yes, Minepro Minerals is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0030322).