MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0091077
Mordec Global Private Limited - machinery and equipment in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.45 Cr
▼ 27% YoY
Net profit · FY 2024
₹63.45 Lakh
Net margin 2.6%
EBITDA · FY 2024
₹1.8 Cr
EBITDA margin 7.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.05 Lakh
Issued & subscribed
Open charges
₹2.05 Cr
Satisfied ₹1.32 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
25
Provident fund records
About Mordec Global Private Limited
Data last updated:
Mordec Global Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 21 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36999MH2017PTC297662. Its GSTIN is 27AAPCA8347L1ZY (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.05 Lakh. It was formerly known as Airbex System Private Limited and Airbex Systems Private Limited. It is led by directors Mukesh Harishchandra Shetty and Sulochana Harish Shetty.
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 Office No 410 Lodha Supremus 2, Wagle Estate Thane Maharashtra, Maharashtra, India – 400604.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.45 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹63.45 Lakh (net margin 2.6%) and EBITDA of ₹1.8 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 265% over three years and 60% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mordec. As per MCA filings, the company has open charges of ₹2.05 Cr and satisfied charges of ₹1.32 Cr on record. Court records list 46 cases involving the company, including 1 filed by the company and 46 filed against it; 22 cases are pending.
Mordec Global Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0091077). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website airbex.in.
Company details
CIN U36999MH2017PTC297662
Registration Number 297662
Incorporation Date 21 July 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0091077
Name history
Mordec Global has undergone 2 name changes throughout its history. The company was previously known as Airbex System Private Limited, and Airbex Systems Private Limited. The current legal name is Mordec Global Private Limited.
| Company Name | Status |
|---|---|
| Mordec Global Private Limited | Current |
| Airbex System Private Limited | Previous |
| Airbex Systems Private Limited | Previous |
Recognitions & Rankings of Mordec Global
Contact details
Mordec Global Private Limited's registered office is in Thane, Maharashtra. Its website is airbex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No 410 Lodha Supremus 2, Wagle Estate Thane Maharashtra, Maharashtra, India – 400604
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Mordec Global Private Limited, buy the company report.
Comprehensive company report
Mordec Global 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
Mordec Global operates one associated brand: Mordec. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides clean room solutions for laboratories and healthcare organizations. | mordec.com |
Business activity
The main business activity of Mordec Global is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Mordec Global Private Limited, buy the company report.
Financials of Mordec Global Private Limited
FY 2024 filings availableMordec Global Private Limited reported revenue of ₹24.45 Cr (down 27% YoY) for FY 2024.
Revenue · FY 2024
₹24.45 Cr ▼ 27%
Net profit · FY 2024
₹63.45 Lakh margin 2.6%
EBITDA · FY 2024
₹1.8 Cr margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 265%
5 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 100%
5 years · compounded
▲ 47%
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA rose 31% 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 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 | ₹1.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹63.45 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Mordec Global Private Limited, buy the company report.
Board of directors of Mordec Global Private Limited
Mordec Global has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Harishchandra Shetty | Director | 21 Jul 2017 | 9 Years 3 Months | Current |
| Sulochana Harish Shetty | Director | 13 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Mordec Global Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Advantek Air Systems Private Limited | ₹25.71 Cr (FY 2025) | 17.0% | Murbad, Maharashtra, India | |||
| Mordec Global Private Limitedthis company | ₹24.45 Cr (FY 2024) | ₹63.45 Lakh | 2.6% | -27.0% | 25 | Thane, Maharashtra, India |
| Primeair Parts and Compressors Private Limited | ₹23.32 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Ventech Systems Pvt Ltd | ₹22.83 Cr (FY 2025) | 41.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mordec Global Private Limited, buy the company report.
Auditor
Mordec Global Private Limited is audited by K C Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C Shah & Associates | FY 2023 | 190724 |
Shareholding
The shareholding of Mordec Global 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 Mordec Global Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.05 Cr
Satisfied charges
₹1.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2023 | 100725336 | Others | ₹51.11 Lakh | Open | |
| 20 May 2022 | 100577875 | Hdfc Bank Limited | ₹90 Lakh | Open | |
| 31 Mar 2022 | 100578315 | Others | ₹64 Lakh | Open | |
| 27 Mar 2023 | 100712155 | Tata Capital Financial Services Limited | ₹1.32 Cr | Satisfied |
To see the full charge records of Mordec Global Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Mordec Global Private Limited has 46 court cases on record: 1 filed by Mordec Global, 46 filed against it. 22 cases are pending and 24 are disposed.
Total cases
46
Filed by the company
1
Filed against the company
46
Pending
22
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 42 | 22 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Iifl Finance Limited Through Its Authorized Office Mrs Mitali More | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by SMFG India Credit Company Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Moneywise Financial Services Private Limited | Pending |
To see the full case history of Mordec Global 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.
MSME payment delays
Mordec Global Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 83 overdue payments to 33 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 (5 of 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Radix Electrosystems Pvt Ltd | |||
| an individual supplier | |||
| Interface Sense Consulting LLP | |||
| an individual supplier | |||
| Matrix Medicals Private Limited |
To see the full MSME payment records of Mordec Global Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mordec Global Private Limited has a workforce of 25 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
13.64%
GST
Mordec Global has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA8347L1ZY | Maharashtra | Active | 13 Sep 2017 |
To see the full GST registrations and return filing status of Mordec Global Private Limited, buy the company report.
Recent activity
Mordec Global Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Sulochana Harish Shetty was appointed as Director on 13 Feb 2024.
Charges
A charge registered on 27 Mar 2023 via Charge ID 100712155 with Tata Capital Financial Services Limited was fully satisfied on 24 Sep 2025.
AGM
Mordec Global Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mordec Global Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Sulochana Harish Shetty was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 90.00 Lakh registered on 20 May 2022 with Charge ID 100577875 was modified on 14 Jun 2023.
Charges
A charge with Others amounted to Rs. 51.11 Lakh with Charge ID 100725336 was registered on 30 Apr 2023.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 132.00 Lakh with Charge ID 100712155 was registered on 27 Mar 2023.
Ceased
Dinesh Rajpal Sharma ceased to be Additional Director.
Ceased
Kunal Jaysing Pawar ceased to be Additional Director.
Ceased
Sulochana Harish Shetty ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100577875 was registered on 20 May 2022.
Charges
A charge with Others amounted to Rs. 64.00 Lakh with Charge ID 100578315 was registered on 31 Mar 2022.
2 earlier events are in the company report.
Frequently asked questions
Mordec Global is an active private limited company based in Thane, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 21 July 2017 (9+ years old) and is registered under CIN U36999MH2017PTC297662.
Mordec Global has 2 current directors:
- Mukesh Harishchandra Shetty - Director
- Sulochana Harish Shetty - Director
The latest financial statements of Mordec Global 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 FY 2018 are in the company report.
The GSTIN of Mordec Global is 27AAPCA8347L1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mordec Global is U36999MH2017PTC297662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mordec Global has 46 court cases on record: 1 filed by the company and 46 filed against it. 22 are pending. Most are in the district courts.
Mordec Global was incorporated on 21 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mordec Global by revenue are Advantek Air Systems Private Limited, Primeair Parts and Compressors Private Limited, Ventech Systems Pvt Ltd, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sulochana Harish Shetty was appointed as Director on 13 Feb 2024. Dinesh Rajpal Sharma ceased to be Additional Director on 30 Sep 2022. Kunal Jaysing Pawar ceased to be Additional Director on 30 Sep 2022. Mordec Global has 5 board changes on record in total.
Yes, Mordec Global is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0091077).
Mordec Global has 13 MSME Form 1 returns on record between 2019 and 2024, listing 83 overdue payments to 33 micro and small suppliers. The latest return was filed on 20 Apr 2024.
Mordec Global can be reached through the website airbex.in. Its registered office is in Thane, Maharashtra, India.
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