About Maithan Ceramic Ltd
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Maithan Ceramic Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 06 February 1963 and has been in existence for over 63 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U26919WB1963PLC025751. Its GSTIN is 19AABCM7759A2ZD (West Bengal). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹29.5 Cr and a paid-up capital of ₹19.61 Cr. It is led by directors including Vishal Agarwalla (Managing Director) and Aditya Agarwalla (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹334.59 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹16.26 Cr (net margin 4.9%) and EBITDA of ₹35.56 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 14% over five years.
The company has about 406 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Maithan Ceramic Limited. As per MCA filings, the company has open charges of ₹213.8 Cr and satisfied charges of ₹101.6 Cr on record. Court records list 41 cases involving the company, including 31 filed by the company and 10 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maithanceramic.in.
Company details
CIN history
Maithan Ceramic has one previous CIN (Corporate Identification Number): U26919WB1963PTC025751. The current CIN is U26919WB1963PLC025751, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26919WB1963PLC025751 | Current |
| U26919WB1963PTC025751 | Previous |
Contact details
Maithan Ceramic Ltd's registered office is in Kolkata, West Bengal. Its website is maithanceramic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address182 Ajc Bose Road, 9th Floor Unit No. 9B & 9C, Kolkata, West Bengal, India – 700014
- IndustryManufacturing, Construction Materials
To see the full contact details of Maithan Ceramic Ltd, 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
Maithan Ceramic operates one associated brand: Maithan Ceramic Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of refractory ceramics for ferrous and non-ferrous industries. | maithanceramic.in |
Business activity
The main business activity of Maithan Ceramic is manufacturing. In detail, this covers metal and metal products and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Maithan Ceramic Ltd, buy the company report.
Financials of Maithan Ceramic Ltd
FY 2025 filings availableMaithan Ceramic Ltd reported revenue of ₹334.59 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 28% 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 | ₹35.56 Cr | ||||
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| Net Profit (PAT) | ₹16.26 Cr | ||||
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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 | 10.6% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Maithan Ceramic Ltd, buy the company report.
Board of directors of Maithan Ceramic Ltd
Maithan Ceramic has 8 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Agarwalla | Whole-Time Director | 01 Aug 2003 | 23 Years 2 Months | Current |
| Vishal Agarwalla Also directs: Abha Property Project Limited, Vanyaveda Greens Private Limited, Aveda Seritech Private Limited and 2 more | Managing Director | 04 May 1994 | 32 Years 5 Months | Current |
| Ayushi Khaitan Also directs: Abha Property Project Limited, Maithan Advanced Materials Limited, Khaitan (India) Ltd and 5 more | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
| Dhruv Agarwalla Also directs: Vanyaveda Greens Private Limited, Vanyaveda Alloys Private Limited | Additional Director | 15 Feb 2025 | 1 Years 8 Months | Current |
| Jagdish Prasad Agarwalla Also directs: R.H. Builders LLP | Director | 02 Aug 2021 | 5 Years 2 Months | Current |
| Mandeep Kaur Jaiswal | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
Peer comparison
Maithan Ceramic Ltd is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Construction Materials), 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 |
|---|---|---|---|---|---|---|
| Shri Ashutosh Structures Private Limited | ₹344.61 Cr (FY 2025) | 16.0% | Raipur, Chhattisgarh, India | |||
| Maithan Ceramic Ltdthis company | ₹334.59 Cr (FY 2025) | ₹16.26 Cr | 4.9% | -10.0% | 406 | Kolkata, West Bengal, India |
| Manmohan Ispat Private Limited | ₹319.09 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| United Office Systems Private Limited | ₹310.73 Cr (FY 2025) | 15.0% | Vapi, Gujarat, India | |||
| Bnal Prefabs Pvt Ltd | ₹303.55 Cr (FY 2025) | 34.0% | Chandigarh, India |
To see the full peer comparison of Maithan Ceramic Ltd, buy the company report.
Auditor
Maithan Ceramic Ltd is audited by B RAJGARIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B RAJGARIA & ASSOCIATES | FY 2023 | 317017E |
Shareholding
The shareholding of Maithan Ceramic Ltd 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 Maithan Ceramic Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2022 | 100580022 | Yes Bank Limited | ₹65 Cr | Open | |
| 11 Jun 2021 | 100454137 | Axis Bank Limited | ₹148.8 Cr | Open | |
| 12 Nov 2021 | 100507857 | Axis Bank Limited | ₹12 Cr | Satisfied | |
| 11 Feb 2004 | 90255237 | State Bank of India | ₹89.6 Cr | Satisfied |
To see the full charge records of Maithan Ceramic Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Maithan Ceramic Ltd has 41 court cases on record: 31 filed by Maithan Ceramic, 10 filed against it. 7 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 6 | 5 |
| District courts | 5 | 1 | 2 |
| Supreme Court | 2 | 1 | 0 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (C.Rev.) | Filed by the company against Jharkhand Urja Vikas Nigam Limited Through Its Chairman Cum Managing Director and Ors and 3 others | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Steel Authority of India and Ors. | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Benaka Sponge Iron Pvt Ltd | Disposed |
| District court, Dhanbad, Jharkhand | Criminal complaint | Filed by the company against Ms Vishal Sponge Pvt. Ltd and Ors | Disposed |
| High Court | Civil suit | Filed against the company by Maheshwary Ispat Limited Sharma Kajaria & Company | Disposed |
To see the full case history of Maithan Ceramic Ltd, 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
No delayed payments to MSME suppliers are on our record for Maithan Ceramic Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Maithan Ceramic has 1 subsidiary 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 |
|---|---|---|
| Maithan Advanced Materials Limited | U36999WB2019PLC234542 |
To see the full group structure of Maithan Ceramic Ltd, buy the company report.
Employees & EPFO
Maithan Ceramic Ltd has a workforce of 406 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Maithan Ceramic has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCM7759A2ZD | West Bengal | Active | 08 Aug 2017 |
| 33AABCM7759A1ZO | Tamil Nadu | Active | 22 Jan 2021 |
To see the full GST registrations and return filing status of Maithan Ceramic Ltd, buy the company report.
Recent activity
Maithan Ceramic Ltd has 19 board changes on record since 1994: 10 appointments and 9 cessations. The latest: Anshuman Agarwalla was appointed as Additional Director on 15 Feb 2025.
19 earlier events are in the company report.
Frequently asked questions
Maithan Ceramic is an active public limited company based in Kolkata, West Bengal, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 06 February 1963 (63+ years old) and is registered under CIN U26919WB1963PLC025751.
Maithan Ceramic has 8 current directors:
- Vishal Agarwalla - Managing Director
- Aditya Agarwalla - Whole-Time Director
- Ajay Sharma - Whole-Time Director
- Ayushi Khaitan - Director
- Dhruv Agarwalla - Additional Director
- Jagdish Prasad Agarwalla - Director
- Mandeep Kaur Jaiswal - Director
- Anshuman Agarwalla - Additional Director
The latest financial statements of Maithan Ceramic on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Maithan Ceramic is 19AABCM7759A2ZD, registered in West Bengal. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AABCM7759A1ZO (Tamil Nadu).
The CIN (Corporate Identification Number) of Maithan Ceramic is U26919WB1963PLC025751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maithan Ceramic has 41 court cases on record: 31 filed by the company and 10 filed against it. 7 are pending. Most are in the high courts.
Maithan Ceramic was incorporated on 06 February 1963, making it 63+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Maithan Ceramic by revenue are Shri Ashutosh Structures Private Limited, Manmohan Ispat Private Limited, United Office Systems Private Limited, Bnal Prefabs Pvt Ltd, all in the Manufacturing industry (Construction Materials), with the same principal business activity (metal and metal products).
Anshuman Agarwalla was appointed as Additional Director on 15 Feb 2025. Dhruv Agarwalla was appointed as Additional Director on 15 Feb 2025. Ayushi Khaitan was appointed as Director on 30 Sep 2023. Maithan Ceramic has 19 board changes on record in total.
Maithan Ceramic can be reached through the website maithanceramic.in. Its registered office is in Kolkata, West Bengal, India.
The registered office of Maithan Ceramic is at 182 Ajc Bose Road, 9th Floor Unit No. 9B & 9C, Kolkata, West Bengal, India – 700014.