Minex Explore Private Limited
About Minex Explore Private Limited
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Minex Explore 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 31 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U14200MH2009PTC194511. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Suresh Gaggar and Ramakant Gaggar.
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 901 Raheja Chambers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹63,500. For the same year it recorded a net profit of ₹47,433 (net margin 74.7%) and EBITDA of ₹47,433 (EBITDA margin 74.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address901 Raheja Chambers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Mining & Mineral Extraction
- 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
- One PDF report, delivered after checkout
Financials of Minex Explore Private Limited FY 2025 filings available
Minex Explore Private Limited reported revenue of ₹63,500 for FY 2025.
Compounded Annual Growth Rate (CAGR) of Minex Explore Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years. EBITDA rose 360% 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 of Minex Explore Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹47,433 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹47,433 | •••• | •••• | •••• | •••• |
| 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 of Minex Explore Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 74.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 74.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Minex Explore are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Minex Explore Private Limited
Minex Explore Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Mining). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bengal-Irc Granite Mineral Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Shree Shivay Infracon Private Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Value Upgraded Technologies & Research Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Faldu Minerals and Chemicals Private Limited | •••• | •••• | •••• | •••• | - | Devanahalli, Karnataka, India |
| Keystone Mines Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Minex Explore Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Shree Narmadeshwar Enterprises Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Maa Usha Laxmi Mines Private Limited | •••• | •••• | •••• | •••• | - | Devgarh, Rajasthan, India |
| Pinnacle Depth Mine Management & Services Private Limited | •••• | •••• | •••• | •••• | - | Biharsariff, Bihar, India |
| East-Coast Granites Pvt Ltd | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Rajputana Explorations Private Limited | •••• | •••• | •••• | •••• | - | Chanderiya, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Minex Explore by revenue in the Metals and Minerals industry (Mining), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Minex Explore Private Limited
Minex Explore Private Limited is audited by ANUJA SHARMA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANUJA SHARMA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Minex Explore Private Limited
Minex Explore has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Gaggar Also directs: Garnet International Limited, Alaukik Mines & Power Private Limited, GVS Chemical Private Limited and 2 more | Director | 31 Jul 2009 | 17 Years 2 Months | Current |
| Ramakant Gaggar Also directs: Garnet International Limited, Alaukik Mines & Power Private Limited, GVS Chemical Private Limited and 5 more | Director | 31 Jul 2009 | 17 Years 2 Months | Current |
Ownership and Shareholding of Minex Explore Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Minex Explore Private Limited
Minex Explore Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Minex Explore Private Limited
Employment history and EPFO contributions of people linked to Minex Explore.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Minex Explore Private Limited
Minex Explore Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Anand Gaggar ceased to be Director on 30 Mar 2013.
Credit Ratings, Litigation & Regulatory Alerts for Minex Explore Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Minex Explore Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Minex Explore Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Minex Explore Private Limited
Minex Explore has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Minex Explore Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Minex Explore Private Limited
Minex Explore 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 31 July 2009 (17+ years old) and is registered under CIN U14200MH2009PTC194511.
Minex Explore reported revenue of ₹63,500 for FY 2025.
Minex Explore has 2 current directors:
- Suresh Gaggar - Director
- Ramakant Gaggar - Director
Minex Explore reported a net profit of ₹47,433 (net margin 74.7%) and EBITDA of ₹47,433 (EBITDA margin 74.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Minex Explore is -24% over three years and 7% over five years. CAGR is the steady yearly rate that links the first and the last year.
No. Minex Explore has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Minex Explore is U14200MH2009PTC194511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minex Explore was incorporated on 31 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Minex Explore by revenue are Bengal-Irc Granite Mineral Limited, Shree Shivay Infracon Private Limited, Value Upgraded Technologies & Research Private Limited, Faldu Minerals and Chemicals Private Limited, Keystone Mines Private Limited and 5 more, all in the Metals and Minerals industry (Mining).
Anand Gaggar ceased to be Director on 30 Mar 2013. Ramakant Gaggar was appointed as Director on 31 Jul 2009. Suresh Gaggar was appointed as Director on 31 Jul 2009.
The registered office of Minex Explore is at 901 Raheja Chambers Nariman Point, Mumbai, Maharashtra, India – 400021.