About Miraj Drymix Private Limited
Data last updated:
Miraj Drymix Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 01 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26960MH2010PTC209654. Its GSTIN is 27AAGCM8537M2ZS (Maharashtra). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹20.15 Cr and a paid-up capital of ₹11 Lakh. It is led by directors Ashok Nagardas Mehta (Managing Director) and Kaushal Ashok Mehta.
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 Plot No. A – 246 Ttc Industrial Area MIDC Mahape, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹940.08 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹21.57 Cr (net margin 2.3%) and EBITDA of ₹35.2 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 17% over five years.
The company has about 15 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Walplast Products. As per MCA filings, the company has open charges of ₹101.08 Cr and satisfied charges of ₹38.5 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 6 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹10 Lakh; the latest was in February 2024. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 11 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website walplast.com.
Company details
Contact details
Miraj Drymix Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is walplast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. A – 246 Ttc Industrial Area MIDC Mahape, Navi Mumbai, Maharashtra, India – 400701
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Miraj Drymix Private Limited, buy the company report.
- 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
Brands
Miraj Drymix operates one associated brand: Walplast Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces construction materials including wall putty and adhesives. | walplast.com |
Business activity
The main business activity of Miraj Drymix is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Miraj Drymix Private Limited, buy the company report.
Financials of Miraj Drymix Private Limited
FY 2024 filings availableMiraj Drymix Private Limited reported revenue of ₹940.08 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 3% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹35.2 Cr | ||||
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| Net Profit (PAT) | ₹21.57 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 2.3% | ||||
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To see the full financial statements and ratios of Miraj Drymix Private Limited, buy the company report.
Board of directors of Miraj Drymix Private Limited
Miraj Drymix 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 |
|---|---|---|---|---|
| Ashok Nagardas Mehta Also directs: Walplast Products Private Limited, Drychem India Private Limited, Gypmix Private Limited and 4 more | Managing Director | 01 Nov 2010 | 16 Years 0 Months | Current |
| Kaushal Ashok Mehta Also directs: Walplast Products Private Limited, Drychem India Private Limited, Gypmix Private Limited and 4 more | Director | 01 Nov 2010 | 16 Years 0 Months | Current |
Auditor
Miraj Drymix Private Limited is audited by DILIP KAPADIA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DILIP KAPADIA & CO | FY 2023 | 102564W |
Shareholding
The shareholding of Miraj Drymix 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Miraj Drymix Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2023 | 100702917 | Citi Bank N.A. | ₹10 Cr | Open | |
| 24 Mar 2023 | 100703109 | Citi Bank N.A. | ₹25 Cr | Open | |
| 21 Jul 2022 | 100596944 | Others | ₹10 Cr | Open | |
| 18 Nov 2021 | 100509393 | The Hongkong and Shanghai Banking Corporation Limited | ₹34.93 Cr | Open | |
| 13 Oct 2020 | 100379202 | The Hongkong and Shanghai Banking Corporation Limited | ₹65 Lakh | Open |
To see the full charge records of Miraj Drymix Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Miraj Drymix Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹10 Lakh; the latest was in February 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹10 Lakh | Investors: Drychem India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Miraj Drymix Private Limited has 10 court cases on record: 8 filed by Miraj Drymix, 2 filed against it. 6 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 2 |
| District courts | 2 | 0 | 2 |
| Supreme Court | 2 | 2 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed by the company against Snowcem Paints Private Limited and 3 Ors and 3 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Snowcem Paints Private Limited and 3 Ors | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Snowcem Paints Private Limited and 3 Ors | Disposed |
| Supreme Court | Court case (0432-Indirect Taxes Matters : Appeals u/s 130 E of Customs Act, 1962) | Filed against the company by Commissioner of Central Goods and Service Tax, Customs and Central Excise, A Block, Surya Nagar, Alwar Commissioner of Central Goods and Service Tax, Customs and Central Excise, A Block, Surya Nagar, Alwar Alwar ,Alwar , Rajasthan | Pending |
| Supreme Court | Court case (0433-Indirect Taxes Matters : Appeals u/s 35 L of Central Excise and Salt Act, 1944.) | Filed against the company by Commissioner of CGST CC and Ce A Block Surya Nagar , District: Alwar , , Rajasthan | Pending |
To see the full case history of Miraj Drymix Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Miraj Drymix Private Limited was last rated by Icra on 18 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Jan 2022 |
To see the full credit ratings and regulatory alerts of Miraj Drymix Private Limited, buy the company report.
MSME payment delays
Miraj Drymix Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 11 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Nav Bharat Metalic Oxide Industries Private Limited |
To see the full MSME payment records of Miraj Drymix Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Miraj Drymix has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Snowcem India Private Limited | U36939MH2021PTC354447 |
To see the full group structure of Miraj Drymix Private Limited, buy the company report.
Employees & EPFO
Miraj Drymix Private Limited has a workforce of 15 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Miraj Drymix has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM8537M2ZS | Maharashtra | Active | 01 Jul 2017 |
| 08AAGCM8537M1ZT | Rajasthan | Active | 01 Jul 2017 |
| 23AAGCM8537M1Z1 | Madhya Pradesh | Active | 01 Jul 2017 |
| 24AAGCM8537M1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Miraj Drymix Private Limited, buy the company report.
Recent activity
Miraj Drymix Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Ashok Nagardas Mehta ceased to be Director on 01 Sep 2018.
18 earlier events are in the company report.
News
Frequently asked questions
Miraj Drymix is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 01 November 2010 (16+ years old) and is registered under CIN U26960MH2010PTC209654.
Miraj Drymix has 2 current directors:
- Ashok Nagardas Mehta - Managing Director
- Kaushal Ashok Mehta - Director
The latest financial statements of Miraj Drymix 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 Miraj Drymix is 27AAGCM8537M2ZS, registered in Maharashtra. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 08AAGCM8537M1ZT (Rajasthan), 23AAGCM8537M1Z1 (Madhya Pradesh), 24AAGCM8537M1ZZ (Gujarat).
The CIN (Corporate Identification Number) of Miraj Drymix is U26960MH2010PTC209654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miraj Drymix has 10 court cases on record: 8 filed by the company and 2 filed against it. 6 are pending. Most are in the high courts.
Miraj Drymix was incorporated on 01 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Miraj Drymix has 1 deal on record (1 funding round), with disclosed funding of ₹10 Lakh; the latest was in February 2024.
Ashok Nagardas Mehta ceased to be Director on 01 Sep 2018. Ashok Nagardas Mehta was appointed as Managing Director on 01 Nov 2010. Kaushal Ashok Mehta was appointed as Director on 01 Nov 2010.
Miraj Drymix has 4 MSME Form 1 returns on record between 2021 and 2023, listing 11 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Miraj Drymix can be reached through the website walplast.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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