Mipadh Engineers Limited
About Mipadh Engineers Limited
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Mipadh Engineers Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 20 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45200GJ2017PLC099165. Its GSTIN is 24AALCM3415H1ZM (Gujarat).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Dhwani Pankajkumar Patel and Meera Pankaj Patel.
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 110 1st Floor Pinnacle Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.47 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.37 Cr (net margin 8.5%) and EBITDA of ₹9.25 Cr (EBITDA margin 23.5%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 59% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.23 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address110 1st Floor Pinnacle Business Park Corporate Road Near Prahaladnagar Garde, N, Ahmedabad, Gujarat, India – 380015
- IndustryEngineering, Metal Foundry & Fabrication Services
- 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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Business Activity of Mipadh Engineers Limited
The main business activity of Mipadh Engineers is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mipadh Engineers Limited FY 2025 filings available
Mipadh Engineers Limited reported revenue of ₹39.47 Cr (up 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mipadh Engineers Limited
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years, including 25% growth in the latest year. EBITDA rose 94% 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 Mipadh Engineers Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹9.25 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.37 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 of Mipadh Engineers Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.5% | •••• | •••• | •••• | •••• |
| 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 Mipadh Engineers are in the company report.
Financial statements from FY 2018
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 Mipadh Engineers Limited
Mipadh Engineers Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Descon Buildtech Private Limited | ₹39.98 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Kanpur, Uttar Pradesh, India |
| Shetty Infraservices Private Limited | ₹39.91 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Power Max(India)Pvt Ltd | ₹39.78 Cr (FY 2021) | •••• | •••• | -27.0% | •••• | Kolkata, West Bengal, India |
| Kineta Global Limited | ₹39.59 Cr (FY 2024) | •••• | •••• | -52.0% | •••• | Hydearabad- 500 033.A.P, Telangana, India |
| JB Fabinfra Limited | ₹39.5 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | New Delhi, Delhi, India |
| Mipadh Engineers Limited this company | ₹39.47 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Ahmedabad, Gujarat, India |
| Unnat Engineering Private Limited | ₹39.37 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Surat, Gujarat, India |
| Tarachandra Engineering Private Limited | ₹39.32 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Vadodara, Gujarat, India |
| Aircon Engineers Private Limited | ₹39.17 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
| Mahabull Infra Engineers Private Limited | ₹38.98 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Greenleaf Envirotech Limited | ₹38.94 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Mipadh Engineers by revenue in the Engineering industry (Engineering Procurement and Construction), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mipadh Engineers Limited
Mipadh Engineers Limited is audited by CHIRAG R SHAH & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHIRAG R SHAH & ASSOCIATES | 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 Mipadh Engineers Limited
Mipadh Engineers has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhwani Pankajkumar Patel | Director | 20 Sep 2017 | 9 Years 0 Months | Current |
| Meera Pankaj Patel | Director | 20 Sep 2017 | 9 Years 0 Months | Current |
| Pankajkumar Dwarkadas Patel | Director | 20 Sep 2017 | 9 Years 0 Months | Current |
| Parav Pankaj Patel | Director | 20 Sep 2017 | 9 Years 0 Months | Current |
Ownership and Shareholding of Mipadh Engineers 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 Mipadh Engineers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2025 | Hdfc Bank Limited | ₹40 Lakh | Open |
| 09 Aug 2024 | Hdfc Bank Limited | ₹21.14 Lakh | Open |
| 12 Jul 2024 | Hdfc Bank Limited | ₹50.19 Lakh | Open |
| 18 Jun 2024 | Hdfc Bank Limited | ₹4.83 Cr | Open |
| 24 Jan 2024 | Hdfc Bank Limited | ₹4.69 Cr | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Mipadh Engineers Limited
Mipadh Engineers Limited has a workforce of 7 employees as of Apr 09, 2024.
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 Mipadh Engineers Limited
Mipadh Engineers Limited has 4 board changes on record since 2017: 4 appointments. The latest: Dhwani Pankajkumar Patel was appointed as Director on 20 Sep 2017.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mipadh Engineers 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 Mipadh Engineers 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 Mipadh Engineers 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 Mipadh Engineers Limited
Mipadh Engineers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCM3415H1ZM | Gujarat | Active | 09 May 2018 |
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 Mipadh Engineers 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 Mipadh Engineers Limited
Mipadh Engineers is an active public limited company based in Ahmedabad, Gujarat, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 20 September 2017 (9+ years old) and is registered under CIN U45200GJ2017PLC099165.
Mipadh Engineers reported revenue of ₹39.47 Cr for FY 2024 (up 25% YoY).
Mipadh Engineers has 4 current directors:
- Dhwani Pankajkumar Patel - Director
- Meera Pankaj Patel - Director
- Pankajkumar Dwarkadas Patel - Director
- Parav Pankaj Patel - Director
Mipadh Engineers reported a net profit of ₹3.37 Cr (net margin 8.5%) and EBITDA of ₹9.25 Cr (EBITDA margin 23.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mipadh Engineers is 48% over three years and 59% over five years. In the latest year (FY 2024) revenue rose 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mipadh Engineers is 24AALCM3415H1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Mipadh Engineers is U45200GJ2017PLC099165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mipadh Engineers was incorporated on 20 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mipadh Engineers by revenue are Descon Buildtech Private Limited, Shetty Infraservices Private Limited, Power Max(India)Pvt Ltd, Kineta Global Limited, JB Fabinfra Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction).
Dhwani Pankajkumar Patel was appointed as Director on 20 Sep 2017. Meera Pankaj Patel was appointed as Director on 20 Sep 2017. Pankajkumar Dwarkadas Patel was appointed as Director on 20 Sep 2017. Mipadh Engineers has 4 board changes on record in total.
The registered office of Mipadh Engineers is at 110 1st Floor Pinnacle Business Park Corporate Road Near Prahaladnagar Garde, N, Ahmedabad, Gujarat, India – 380015.