MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-05-0001301
Madhav Udyog Private Limited - engineering in Fatehgarh Sahib, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹281.96 Cr
▲ 32% YoY
Net profit · FY 2025
₹23.77 Cr
Net margin 8.4%
EBITDA · FY 2025
₹36.89 Cr
EBITDA margin 13.1%
Authorised capital
₹5.25 Cr
Registered with MCA
Paid-up capital
₹3.7 Cr
Issued & subscribed
Open charges
₹128.86 Cr
Satisfied ₹40.97 Cr
Company age
25 yrs
Est. 2001
Directors on board
3
As per MCA filings
About Madhav Udyog Private Limited
Data last updated:
Madhav Udyog Private Limited is a private limited company based in Fatehgarh Sahib, Punjab, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 04 July 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27109PB2001PTC024495. Its GSTIN is 03AACCM7698B1ZI (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹3.7 Cr. It is led by directors including Minu Goyal and Munish Goyal.
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 Talwara Roadsirhind Side Mandi Gobindgarh, Fatehgarh Sahib, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹281.96 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹23.77 Cr (net margin 8.4%) and EBITDA of ₹36.89 Cr (EBITDA margin 13.1%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹128.86 Cr and satisfied charges of ₹40.97 Cr on record. Court records list 17 cases involving the company, including 11 filed by the company and 6 filed against it; 1 case is pending. The company has 14 deals on record (13 secondary share transfers, 1 funding round), with disclosed funding of ₹75.8 Lakh; the latest was in February 2024. Its 4 peer companies in the Metals and Minerals industry (Foundry and Fabrication, Metal Retail and Distribution), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Angn Metal Private Limited with revenue of ₹284.73 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers.
Madhav Udyog Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-05-0001301). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhavstelco.com.
Company details
CIN U27109PB2001PTC024495
Registration Number 024495
Incorporation Date 04 July 2001
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-05-0001301
Recognitions & Rankings of Madhav Udyog
Contact details
Madhav Udyog Private Limited's registered office is in Fatehgarh Sahib, Punjab. Its website is madhavstelco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTalwara Roadsirhind Side Mandi Gobindgarh, Fatehgarh Sahib, Punjab, India
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Madhav Udyog Private Limited, buy the company report.
Comprehensive company report
Madhav Udyog 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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Business activity
The main business activity of Madhav Udyog is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Madhav Udyog Private Limited, buy the company report.
Financials of Madhav Udyog Private Limited
FY 2025 filings availableMadhav Udyog Private Limited reported revenue of ₹281.96 Cr (up 32% YoY) for FY 2025.
Revenue · FY 2025
₹281.96 Cr ▲ 32%
Net profit · FY 2025
₹23.77 Cr margin 8.4%
EBITDA · FY 2025
₹36.89 Cr margin 13.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 36%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 49%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 32% growth in the latest year. EBITDA rose 29% 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 | |||||
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| Total Expenses | |||||
| EBITDA | ₹36.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.77 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.1% | ||||
| Net Profit Margin | 8.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Madhav Udyog Private Limited, buy the company report.
Board of directors of Madhav Udyog Private Limited
Madhav Udyog has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Minu Goyal Also directs: Valence Labs Private Limited, Madhav Stelco Private Limited, Dev Dutt Engineers Private Limited and 1 more | Director | 10 Mar 2017 | 9 Years 7 Months | Current |
| Munish Goyal Also directs: Valence Labs Private Limited, Madhav Stelco Private Limited, Bluesky NRG Private Limited and 5 more | Director | 25 Aug 2020 | 6 Years 1 Months | Current |
| Manish Jain | Director | 14 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Madhav Udyog Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Foundry and Fabrication, Metal Retail and Distribution), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Angn Metal Private Limited | ₹284.73 Cr (FY 2025) | 59.0% | Delhi, India | |||
| Paruthi Engineers Private Limited | ₹282.8 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Madhav Udyog Private Limitedthis company | ₹281.96 Cr (FY 2025) | ₹23.77 Cr | 8.4% | 32.0% | Fatehgarh Sahib, Punjab, India | |
| Met-Lok Hydro Pneumatics Private Limited | ₹281.59 Cr (FY 2025) | 159.0% | Mumbai, Maharashtra, India | |||
| Rahul Alloys Private Limited | ₹278.43 Cr (FY 2025) | -11.0% | Punjab, India |
To see the full peer comparison of Madhav Udyog Private Limited, buy the company report.
Auditor
Madhav Udyog Private Limited is audited by GOYAL MAHAJAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL MAHAJAN & ASSOCIATES | FY 2023 | 009079N |
Shareholding
The shareholding of Madhav Udyog 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhav Udyog Private Limited, buy the company report.
Charges & borrowings
Open charges
₹128.86 Cr
Satisfied charges
₹40.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2024 | 100969672 | Hdfc Bank Limited | ₹72.6 Cr | Open | |
| 27 Jan 2022 | 100538522 | Axis Bank Limited | ₹56.26 Cr | Open | |
| 26 Jun 2018 | 100199889 | Hdfc Bank Limited | ₹12.67 Cr | Satisfied | |
| 14 Aug 2017 | 100146203 | Hdfc Bank Limited | ₹12 Cr | Satisfied | |
| 06 Aug 2007 | 10065325 | Oriental Bank of Commerce | ₹9 Cr | Satisfied |
To see the full charge records of Madhav Udyog Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Madhav Udyog Private Limited has 14 deals on record (13 secondary share transfers, 1 funding round), with disclosed funding of ₹75.8 Lakh; the latest was in February 2024.
Total deals
14
Secondary share transfers
13
Funding round
1
Disclosed funding
₹75.8 Lakh
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹75.8 Lakh | Investors: Madhav Stelco Private Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Krypton Datamatics Ltd Seller: Fizza Plastic Private Limited |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Fizza Plastic Private Limited, an individual Seller: Sanjeev Kumar Huf, Madhav KRG Re Cyclers Private Limited , Sudhir Goyal Huf, an individual |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: Sudhir Goyal Huf Seller: Madhav KRG Re Cyclers Private Limited |
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: Sanjeev Kumar Huf Seller: Madhav KRG Re Cyclers Private Limited |
To see the full deal history of Madhav Udyog Private 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
Madhav Udyog Private Limited has 17 court cases on record: 11 filed by Madhav Udyog, 6 filed against it. 1 case is pending and 16 are disposed.
Total cases
17
Filed by the company
11
Filed against the company
6
Pending
1
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 3 | 1 |
| High courts | 5 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Revision petition | Filed against the company by M/S Sarvpriya Tubes Pvt Ltd and Anr. | Disposed |
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed against the company by M/S Sarvpriya Tubes Pvt Ltd . | Disposed |
| District court, Fatehgarh Sahib, Punjab | Civil miscellaneous application | Filed by the company against M/S Sarvpriya Tubes Pvt. Ltd. | Disposed |
| District court, Fatehgarh Sahib, Punjab | Cheque dishonour complaint | Filed by the company against Ms Akme Projects Limited and 5 others | Disposed |
| High Court, PUNJAB | Appeal | Filed by the company against M/S Sarvpriya Tubes Pvt. Ltd. and Ors | Disposed |
To see the full case history of Madhav Udyog 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
Madhav Udyog Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Surya Powertech & Gears Pvt. Ltd. | |||
| Leotronic Scales Private Limited | |||
| Unique Galvanisin Solutions |
To see the full MSME payment records of Madhav Udyog Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Madhav Udyog has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCM7698B1ZI | Punjab | Active | 01 Jul 2017 |
| 03AACCM7698B2ZH | Punjab | Active | 14 May 2025 |
To see the full GST registrations and return filing status of Madhav Udyog Private Limited, buy the company report.
Recent activity
Madhav Udyog Private Limited has 10 board changes on record since 2010: 3 appointments and 7 cessations. The latest: Munish Goyal ceased to be Additional Director on 20 Nov 2020.
Charges
A charge with Hdfc Bank Limited of Rs. 72.60 Cr registered on 02 Sep 2024 with Charge ID 100969672 was modified on 27 Oct 2025.
AGM
Madhav Udyog Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 56.26 Cr registered on 27 Jan 2022 with Charge ID 100538522 was modified on 16 Jul 2025.
Filing
Madhav Udyog Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 72.60 Cr with Charge ID 100969672 was registered on 02 Sep 2024.
Charges
A charge registered on 26 Jun 2018 via Charge ID 100199889 with Hdfc Bank Limited was fully satisfied on 19 Oct 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 56.26 Cr with Charge ID 100538522 was registered on 27 Jan 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 12.67 Cr registered on 26 Jun 2018 with Charge ID 100199889 was modified on 15 Dec 2021.
Ceased
Munish Goyal ceased to be Additional Director.
Ceased
Dev Dutt ceased to be Director.
Appointed
Munish Goyal was appointed as Director.
Charges
A charge registered on 14 Aug 2017 via Charge ID 100146203 with Hdfc Bank Limited was fully satisfied on 14 Feb 2020.
24 earlier events are in the company report.
Frequently asked questions
Madhav Udyog is an active private limited company based in Fatehgarh Sahib, Punjab, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 04 July 2001 (25+ years old) and is registered under CIN U27109PB2001PTC024495.
Madhav Udyog has 3 current directors:
- Minu Goyal - Director
- Munish Goyal - Director
- Manish Jain - Director
The latest financial statements of Madhav Udyog on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhav Udyog is 03AACCM7698B1ZI, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AACCM7698B2ZH (Punjab).
The CIN (Corporate Identification Number) of Madhav Udyog is U27109PB2001PTC024495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhav Udyog has 17 court cases on record: 11 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Madhav Udyog was incorporated on 04 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chandigarh.
Madhav Udyog has 14 deals on record (13 secondary share transfers, 1 funding round), with disclosed funding of ₹75.8 Lakh; the latest was in February 2024.
The peers of Madhav Udyog by revenue are Angn Metal Private Limited, Paruthi Engineers Private Limited, Met-Lok Hydro Pneumatics Private Limited, Rahul Alloys Private Limited, all in the Metals and Minerals industry (Foundry and Fabrication, Metal Retail and Distribution), with the same principal business activity (metal and metal products).
Munish Goyal ceased to be Additional Director on 20 Nov 2020. Dev Dutt ceased to be Director on 25 Aug 2020. Munish Goyal was appointed as Director on 25 Aug 2020. Madhav Udyog has 10 board changes on record in total.
Yes, Madhav Udyog is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-05-0001301).
Madhav Udyog has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 May 2019.