About Jainex Limited
Data last updated:
Jainex Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 18 July 1972 and has been in existence for over 54 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1972PLC094147. Its GSTIN is 27AAACJ0917G1ZV (Maharashtra). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8 Cr. It was formerly known as Jainex Pvt Limited and Jainex Agencies Pvt Limited. It is led by directors including Mukarram Khozema Faizullabhoy (Managing Director) and Rahul Dugar (Managing Director).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹562.67 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹15.42 Cr (net margin 2.7%) and EBITDA of ₹21.2 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 23% over five years.
The company has about 213 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.6 Cr and satisfied charges of ₹20.8 Cr on record. Court records list 38 cases involving the company, including 25 filed by the company and 13 filed against it; 2 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5 Cr; the latest was in August 2024. Its 8 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 3 smaller; the largest is Shree Govind Alloys Private Limited with revenue of ₹569.63 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jainexgroup.com.
Company details
Name history
Jainex has undergone 3 name changes throughout its history. The company was previously known as Jainex Pvt Limited, Jainex Agencies Pvt Limited, and Jainex Agencies Limited. The current legal name is Jainex Limited.
| Company Name | Status |
|---|---|
| Jainex Limited | Current |
| Jainex Pvt Limited | Previous |
| Jainex Agencies Pvt Limited | Previous |
| Jainex Agencies Limited | Previous |
CIN history
Jainex has one previous CIN (Corporate Identification Number): U51900MH1995PLC094147. The current CIN is U51900MH1972PLC094147, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1972PLC094147 | Current |
| U51900MH1995PLC094147 | Previous |
Contact details
Jainex Limited's registered office is in Mumbai, Maharashtra. Its website is jainexgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address405 & 406 Sharda Chambers 15 Sir Vithaldas Thackersey Marg New Marin, E Lines, Mumbai, Maharashtra, India – 400020
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Jainex 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
Business activity
The main business activity of Jainex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Jainex Limited, buy the company report.
Financials of Jainex Limited
FY 2024 filings availableJainex Limited reported revenue of ₹562.67 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 18% growth in the latest year. EBITDA fell 13% 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 |
|---|---|---|---|---|---|
| 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 | ₹21.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.42 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Jainex Limited, buy the company report.
Board of directors of Jainex Limited
Jainex has 8 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shabbir Tyebbhoy | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Mukarram Khozema Faizullabhoy Also directs: Bohmis Industries Private Limited, Trucut Machine Tools LLP, Kihm Stahl Solutions LLP and 4 more | Managing Director | 16 Apr 2004 | 22 Years 6 Months | Current |
| Bhagat Singh Dugar | Whole-Time Director | 23 Mar 1974 | 52 Years 7 Months | Current |
| Sharmeen Siddiqui | Director | 07 Oct 2022 | 4 Years 1 Months | Current |
| Pravin Chimanlal Vora Also directs: Bohmis Industries Private Limited | Director | 19 Dec 1996 | 29 Years 10 Months | Current |
| Rahul Dugar | Managing Director | 16 Apr 2004 | 22 Years 6 Months | Current |
Peer comparison
Jainex Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Govind Alloys Private Limited | ₹569.63 Cr (FY 2025) | 9.0% | Rourkela, Odisha, India | |||
| D.M. Metalloys Private Limited | ₹569.23 Cr (FY 2024) | -4.0% | Mumbai, Maharashtra, India | |||
| Everlasting Commodities Private Limited | ₹567.96 Cr (FY 2023) | 243.0% | Chanditala, West Bengal, India | |||
| Ramesh Iron and Steel Company India Private Limited | ₹565.84 Cr (FY 2025) | -21.0% | Coimbatore, Tamil Nadu, India | |||
| Ganga Iron & Steel Trading Company Limited | ₹564.52 Cr (FY 2025) | 2.0% | Nagpur, Maharashtra, India | |||
| Jainex Limitedthis company | ₹562.67 Cr (FY 2025) | ₹15.42 Cr | 2.7% | 18.0% | 213 | Mumbai, Maharashtra, India |
| Stainox Alloys Private Limited | ₹562.49 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Prestige Metallics Private Limited | ₹560.07 Cr (FY 2025) | -13.0% | Raipur, Chhattisgarh, India | |||
| Stecol International Private Limited | ₹554.96 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Jainex Limited, buy the company report.
Auditor
Jainex Limited is audited by GBCA & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GBCA & Associates LLP | FY 2022 | 103142W/W100292 |
Shareholding
The shareholding of Jainex 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 Jainex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2025 | 101065375 | Axis Bank Limited | ₹4 Cr | Open | |
| 20 Jun 2019 | 100276093 | Others | ₹6.6 Cr | Open | |
| 03 Aug 2010 | 10236394 | Bank of Baroda | ₹8.25 Cr | Satisfied | |
| 18 Jun 2001 | 80023858 | Bank of Baroda | ₹4.3 Cr | Satisfied | |
| 11 Jun 2001 | 80023860 | Bank of Baroda | ₹8.25 Cr | Satisfied |
To see the full charge records of Jainex Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Jainex Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5 Cr; the latest was in August 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Trucut Tools India Private Limited Seller: 2 individuals |
| Dec 2012 | Funding round | ₹2 Cr | Investors: Trucut Tools India Private Limited , Jainex Foods Private Limited , 2 individuals |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Pravin C Vora Huf, Jainex Foods Private Limited , 2 individuals |
| May 2007 | Funding round | ₹3 Cr | Investors: Jainex Foods Private Limited , 3 individuals |
To see the full deal history of Jainex Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jainex Limited has 38 court cases on record: 25 filed by Jainex, 13 filed against it. 2 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 8 | 0 |
| District courts | 17 | 5 | 2 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed by the company against M/S A R R Precision Works Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by an individual | Pending |
| District court, Kapurthala, Punjab | Court case (SUMM) | Filed against the company by State Through Labour Enforcement Officer | Pending |
| District court, BENGALURU, Karnataka | Court case (A.I.D) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against M/S Galaxy Metalex. and 2 others | Disposed |
To see the full case history of Jainex 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
Jainex Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Jainex Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Jainex Limited has a workforce of 213 employees on its EPFO records as of May 2026, across 5 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 213 |
| 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 Jainex Limited, buy the company report.
GST
Jainex has 9 GST registrations: 4 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACJ0917G1ZV | Maharashtra | Active | 01 Jul 2017 |
| 29AAACJ0917G1ZR | Karnataka | Active | 01 Jul 2017 |
| 33AAACJ0917G1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAACJ0917G1ZW | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jainex Limited, buy the company report.
Recent activity
Jainex Limited has 20 board changes on record since 1974: 8 appointments and 12 cessations. The latest: Sharmeen Siddiqui ceased to be Additional Director on 29 Sep 2023.
23 earlier events are in the company report.
Frequently asked questions
Jainex is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 18 July 1972 (54+ years old) and is registered under CIN U51900MH1972PLC094147.
Jainex has 8 current directors:
- Mukarram Khozema Faizullabhoy - Managing Director
- Rahul Dugar - Managing Director
- Bhagat Singh Dugar - Whole-Time Director
- Shabbir Tyebbhoy - Director
- Sharmeen Siddiqui - Director
- Pravin Chimanlal Vora - Director
- Mehlam Khozema Faizullabhoy - Director
- Faisal Zakaullah Siddiqui - Director
The latest financial statements of Jainex 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 Jainex is 27AAACJ0917G1ZV, registered in Maharashtra. The company has 9 GST registrations in all, of which 4 are active and 5 are cancelled or inactive. Other active GSTINs include 29AAACJ0917G1ZR (Karnataka), 33AAACJ0917G1Z2 (Tamil Nadu), 36AAACJ0917G1ZW (Telangana).
The CIN (Corporate Identification Number) of Jainex is U51900MH1972PLC094147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jainex has 38 court cases on record: 25 filed by the company and 13 filed against it. 2 are pending. Most are in the high courts.
Jainex was incorporated on 18 July 1972, making it 54+ years old. It is registered with the Registrar of Companies, Mumbai.
Jainex has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5 Cr; the latest was in August 2024.
The peers of Jainex by revenue are Shree Govind Alloys Private Limited, D.M. Metalloys Private Limited, Everlasting Commodities Private Limited, Ramesh Iron and Steel Company India Private Limited, Ganga Iron & Steel Trading Company Limited and 3 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Sharmeen Siddiqui ceased to be Additional Director on 29 Sep 2023. Sharmeen Siddiqui was appointed as Director on 07 Oct 2022. Bhagat Singh Dugar ceased to be Director on 01 Oct 2019. Jainex has 20 board changes on record in total.
Jainex has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 25 Apr 2024.
Jainex can be reached through the website jainexgroup.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
