Mining Associates Private Limited

Mining Associates Private Limited - metals and minerals in Kulti, West Bengal, India. FY 2026 financials & compliance.
CIN U10200WB2003PTC096162 Incorporated 06 May 2003 ROC Kolkata HQ Kulti, West Bengal, India
Active Private Limited Company metals and minerals MSME · Medium
Revenue · FY 2023
₹110.13 Cr
▲ 37.04% YoY
Net profit · FY 2023
₹1.54 Cr
Net margin 1.4%
EBITDA · FY 2023
₹6.56 Cr
EBITDA margin 6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹1.91 Cr
Issued & subscribed
Open charges
₹94.87 Cr
Satisfied ₹105.43 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
687
Provident fund records

About Mining Associates Private Limited

Data last updated:

Mining Associates Private Limited is a private limited company based in Kulti, West Bengal, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 06 May 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U10200WB2003PTC096162. Its GSTIN is 19AADCM8951G1Z4 (West Bengal). The company holds 17 GST registrations, of which 15 are active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.91 Cr. It is led by directors including Sanjay Bansal and Rajesh Bansal.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 110 Maindhemo (Near Dhemomain Bus Stand) P.O. Sitarampur, Kulti, West Bengal, India – 713359.

As per the financials filed for FY 2023, the company reported a revenue of ₹110.13 Cr. For the same year it recorded a net profit of ₹1.54 Cr (net margin 1.4%) and EBITDA of ₹6.56 Cr (EBITDA margin 6%).

The company has about 687 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹94.87 Cr and satisfied charges of ₹105.43 Cr on record. Court records list 14 cases involving the company, including 13 filed by the company and 1 filed against it; 3 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in March 2023.

Mining Associates Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-23-0000224). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miningassociates.co.in.

Company details

CIN U10200WB2003PTC096162
Registration Number 096162
Incorporation Date 06 May 2003
ROC Kolkata
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-WB-23-0000224
Key People
Sanjay Bansal Director Rajesh Bansal Director Pratik Bansal Director

Recognitions & Rankings of Mining Associates

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-WB-23-0000224

Contact details

Mining Associates Private Limited's registered office is in Kulti, West Bengal. Its website is miningassociates.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    miningassociates.co.in
  • Social Media
  • Registered Address
    110 Maindhemo (Near Dhemomain Bus Stand) P.O. Sitarampur, Kulti, West Bengal, India – 713359
  • Industry
    Metals and Minerals, Mining & Mineral Extraction

To see the full contact details of Mining Associates Private Limited, buy the company report.

Comprehensive company report
Mining Associates 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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Secure checkout · GST invoice included

Financials of Mining Associates Private Limited

FY 2024 filings available

Mining Associates Private Limited reported revenue of ₹110.13 Cr for FY 2023.

Revenue · FY 2023
₹110.13 Cr
Net profit · FY 2023
₹1.54 Cr margin 1.4%
EBITDA · FY 2023
₹6.56 Cr margin 6%

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₹6.56 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.54 Cr
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 Margin6%
Net Profit Margin1.4%
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 Mining Associates Private Limited, buy the company report.

Board of directors of Mining Associates Private Limited

Mining Associates has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sanjay Bansal
Also directs: Transnational Drilling & Mining Associates Private Limited, Mining Associates Energy Private Limited, Mitchell Drilling India Private Limited and 1 more
Director06 May 200323 Years 6 MonthsCurrent
Rajesh Bansal
Also directs: Transnational Drilling & Mining Associates Private Limited, Mining Associates Energy Private Limited, Mitchell Drilling India Private Limited and 1 more
Director10 May 200422 Years 6 MonthsCurrent
Pratik Bansal
Also directs: Transnational Drilling & Mining Associates Private Limited, Mitchell Drilling India Private Limited, Park View Buildwell Private Limited
Director15 May 20188 Years 5 MonthsCurrent
View all directors

Auditor

Mining Associates Private Limited is audited by J. Loyalka & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
J. Loyalka & Co.FY 2023306143E

Shareholding

The shareholding of Mining Associates 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 categoryFY 2023FY 2022FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mining Associates Private Limited, buy the company report.

Charges & borrowings

Open charges
₹94.87 Cr
Satisfied charges
₹105.43 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹57.38 Cr
Axis Bank Limited₹36.14 Cr
Srei Equipment Finance Private Limited₹0.71 Cr
Icici Bank Limited₹0.65 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Sep 2025101191115Hdfc Bank Limited₹1.17 CrOpen
15 Sep 2025101191113Hdfc Bank Limited₹1.17 CrOpen
30 Aug 2025101183221Hdfc Bank Limited₹1.18 CrOpen
22 May 2025101108787Hdfc Bank Limited₹40 CrOpen
27 Feb 2025101062131Axis Bank Limited₹1.14 CrOpen

To see the full charge records of Mining Associates Private Limited, buy the company report.

Total charge records: 48 View all charges

Deals & funding

Mining Associates Private Limited has 4 deals on record (4 secondary share transfers); the latest was in March 2023.

Total deals
4
Secondary share transfers
4

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2023Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Shankar Enterprises, 3 individuals
Mar 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Apr 2015Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Apr 2009Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals

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

Credit ratings & regulatory alerts

Mining Associates Private Limited was last rated by Icra on 18 May 2021.

Rating agencyRated onRating
Icra18 May 2021

To see the full credit ratings and regulatory alerts of Mining Associates Private Limited, buy the company report.

MSME payment delays

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

Group structure & subsidiaries

Mining Associates has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Mitchell Drilling India Private LimitedU11202DL2003PTC263219

To see the full group structure of Mining Associates Private Limited, buy the company report.

Employees & EPFO

Mining Associates Private Limited has a workforce of 687 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
687
Active EPFO establishments
1
Employee growth
-8.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27687
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Mining Associates Private Limited, buy the company report.

GST

Mining Associates has 17 GST registrations: 15 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
17
Active
15
Cancelled / inactive
2
GSTINStateStatusRegistered on
19AADCM8951G1Z4West BengalActive01 Jul 2017
19AADCM8951G2Z3West BengalActive27 Mar 2025
08AADCM8951G2Z6RajasthanActive01 Jul 2017
20AADCM8951G1ZLJharkhandActive26 Jul 2017

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

Recent activity

Mining Associates Private Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Ram Baboo Bansal ceased to be Managing Director on 11 Dec 2023.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.17 Cr with Charge ID 101191115 was registered on 27 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.17 Cr with Charge ID 101191113 was registered on 15 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.18 Cr with Charge ID 101183221 was registered on 30 Aug 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 40.00 Cr registered on 22 May 2025 with Charge ID 101108787 was modified on 11 Jul 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.00 Cr with Charge ID 101108787 was registered on 22 May 2025.
Charges
A charge registered on 27 Dec 2021 via Charge ID 100520333 with Axis Bank Limited was fully satisfied on 05 Mar 2025.
Charges
A charge registered on 20 Nov 2021 via Charge ID 100507414 with Axis Bank Limited was fully satisfied on 05 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.14 Cr with Charge ID 101062131 was registered on 27 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101044991 was registered on 21 Dec 2024.
Charges
A charge registered on 15 Jun 2024 via Charge ID 100986404 with Hdfc Bank Limited was fully satisfied on 29 Nov 2024.
Charges
A charge registered on 29 Oct 2021 via Charge ID 100500923 with Axis Bank Limited was fully satisfied on 03 Oct 2024.
AGM
Mining Associates Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

79 earlier events are in the company report.

Frequently asked questions

Mining Associates is an active private limited company based in Kulti, West Bengal, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 06 May 2003 (23+ years old) and is registered under CIN U10200WB2003PTC096162.

Mining Associates has 3 current directors:

The latest financial statements of Mining Associates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Mining Associates is 19AADCM8951G1Z4, registered in West Bengal. The company has 17 GST registrations in all, of which 15 are active and 2 are cancelled or inactive. Other active GSTINs include 19AADCM8951G2Z3 (West Bengal), 08AADCM8951G2Z6 (Rajasthan), 20AADCM8951G1ZL (Jharkhand).

The CIN (Corporate Identification Number) of Mining Associates is U10200WB2003PTC096162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mining Associates has 14 court cases on record: 13 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.

Mining Associates was incorporated on 06 May 2003, making it 23+ years old. It is registered with the Registrar of Companies, Kolkata.

Mining Associates has 4 deals on record (4 secondary share transfers); the latest was in March 2023.

Ram Baboo Bansal ceased to be Managing Director on 11 Dec 2023. Pratik Bansal was appointed as Director on 15 May 2018. Jai Prakash Bansal ceased to be Director on 01 Oct 2012. Mining Associates has 5 board changes on record in total.

Yes, Mining Associates is registered as a medium enterprise under Udyam registration (number: UDYAM-WB-23-0000224).