About The Maitri Metals Private Limited
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The Maitri Metals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2009PTC189603. Its GSTIN is 27AAFCM8945E1Z7 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.25 Cr. It was formerly known as Maitri Metals Private Limited. It is led by directors Paankaj Dahyalal Shah and Dakshesh Dahyalal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 106 Floor – 1 Shreeji Chamber Tata Road No – 2 Roxy Cinema Opera House Girgaon, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2025, the company reported a revenue of ₹432.36 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹3.61 Cr (net margin 0.8%) and EBITDA of ₹14.24 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 19% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹110.19 Cr and satisfied charges of ₹35.52 Cr on record. Court records list 26 cases involving the company, including 25 filed by the company and 1 filed against it; 3 cases are pending. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹5.31 Cr; the latest was in March 2021. Its 4 peer companies in the Metals and Minerals industry (Metal Retail and Distribution, Metals, Steel), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Tiro Steels Private Limited with revenue of ₹433.44 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maitrimetal.com.
Company details
Contact details
The Maitri Metals Private Limited's registered office is in Mumbai, Maharashtra. Its website is maitrimetal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address106 Floor – 1 Shreeji Chamber Tata Road No – 2 Roxy Cinema Opera House Girgaon, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Metal Retail & Distribution
To see the full contact details of The Maitri Metals 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
Business activity
The main business activity of The Maitri Metals 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 The Maitri Metals Private Limited, buy the company report.
Financials of The Maitri Metals Private Limited
FY 2024 filings availableThe Maitri Metals Private Limited reported revenue of ₹432.36 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 11% growth in the latest year. EBITDA rose 20% 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 | ₹14.24 Cr | ||||
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| Net Profit (PAT) | ₹3.61 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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| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of The Maitri Metals Private Limited, buy the company report.
Board of directors of The Maitri Metals Private Limited
The Maitri Metals 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 |
|---|---|---|---|---|
| Paankaj Dahyalal Shah | Director | 15 Jan 2009 | 17 Years 9 Months | Current |
| Dakshesh Dahyalal Shah Also directs: The Maitri Enggtech Private Limited | Director | 15 Jan 2009 | 17 Years 9 Months | Current |
Peer comparison
The Maitri Metals Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Metals, Steel), 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 |
|---|---|---|---|---|---|---|
| Tiro Steels Private Limited | ₹433.44 Cr (FY 2025) | 30.0% | Gurgaon, Haryana, India | |||
| Mayo Integrated Industries Private Limited | ₹432.75 Cr (FY 2019) | 184.0% | Mumbai, Maharashtra, India | |||
| The Maitri Metals Private Limitedthis company | ₹432.36 Cr (FY 2025) | ₹3.61 Cr | 0.8% | 11.0% | 20 | Mumbai, Maharashtra, India |
| Phoenix Ispat Private Limited | ₹432.1 Cr (FY 2023) | 46.0% | Bhubaneswar, Odisha, India | |||
| Alka Electromech Private Limited | ₹431.17 Cr (FY 2025) | 15.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of The Maitri Metals Private Limited, buy the company report.
Auditor
The Maitri Metals Private Limited is audited by R. A. SINGH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. A. SINGH & ASSOCIATES | FY 2023 | 110271W |
Shareholding
The shareholding of The Maitri Metals 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of The Maitri Metals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2024 | 101000505 | Others | ₹5 Cr | Open | |
| 10 Jul 2024 | 100963845 | Axis Bank Limited | ₹55.24 Cr | Open | |
| 14 May 2024 | 100931256 | The Zoroastrian Co-Operative Bank Limited | ₹21 Lakh | Open | |
| 19 Apr 2024 | 100914639 | Standard Chartered Bank | ₹20 Cr | Open | |
| 09 Mar 2023 | 100682984 | Axis Bank Limited | ₹29.4 Cr | Open |
To see the full charge records of The Maitri Metals Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
The Maitri Metals Private Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹5.31 Cr; the latest was in March 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sahani Dye Cheme Private Limited, Pujya Guruwar Textile India Private Limited , Manibhadra Retail Private Limited , an individual |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Manibhadra Retail Private Limited Seller: Nozaki Finance Investments Private Limited |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Manibhadra Retail Private Limited , Sahani Dye Cheme Private Limited, an individual Seller: Sagar Tex Creation and Advisory Services Private Limited , Om Shanti Lifestyle Builders Private Limited |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Pujya Guruwar Textile India Private Limited , Sahani Dye Cheme Private Limited Seller: Hirajasu Enterprise Private Limited , Sumit Vinimay Private Limited |
| Jan 2010 | Funding round | ₹2.35 Cr | Investors: Nozaki Finance Investments Private Limited, Sagar Tex Creation and Advisory Services Private Limited , Sumit Vinimay Private Limited |
To see the full deal history of The Maitri Metals 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
The Maitri Metals Private Limited has 26 court cases on record: 25 filed by The Maitri Metals, 1 filed against it. 3 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 1 | 3 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS WARRENT CASES SW) | Filed against the company by Jindal Saw Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Rushiharsh Industries Private Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Encorp Powertrans Pvt Ltd and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed by the company against Ms. Concord Wire Form Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
To see the full case history of The Maitri Metals 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
The Maitri Metals Private Limited was last rated by Brickwork on 12 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 12 Apr 2022 |
To see the full credit ratings and regulatory alerts of The Maitri Metals Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for The Maitri Metals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
The Maitri Metals Private Limited has a workforce of 20 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
The Maitri Metals has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM8945E1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCM8945E1DG | Maharashtra | Active | 11 Nov 2024 |
| 24AAFCM8945E2ZC | Gujarat | Active | 28 Nov 2024 |
To see the full GST registrations and return filing status of The Maitri Metals Private Limited, buy the company report.
Recent activity
The Maitri Metals Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Rajesh Kantilal Shah ceased to be Director on 11 Dec 2015.
13 earlier events are in the company report.
Frequently asked questions
The Maitri Metals is an active private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 January 2009 (17+ years old) and is registered under CIN U51909MH2009PTC189603.
The Maitri Metals has 2 current directors:
- Paankaj Dahyalal Shah - Director
- Dakshesh Dahyalal Shah - Director
The latest financial statements of The Maitri Metals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of The Maitri Metals is 27AAFCM8945E1Z7, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAFCM8945E1DG (Maharashtra), 24AAFCM8945E2ZC (Gujarat).
The CIN (Corporate Identification Number) of The Maitri Metals is U51909MH2009PTC189603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The Maitri Metals has 26 court cases on record: 25 filed by the company and 1 filed against it. 3 are pending.
The Maitri Metals was incorporated on 15 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The Maitri Metals has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹5.31 Cr; the latest was in March 2021.
The peers of The Maitri Metals by revenue are Tiro Steels Private Limited, Mayo Integrated Industries Private Limited, Phoenix Ispat Private Limited, Alka Electromech Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution, Metals, Steel), with the same principal business activity (wholesale trading).
Rajesh Kantilal Shah ceased to be Director on 11 Dec 2015. Dakshesh Dahyalal Shah was appointed as Director on 15 Jan 2009. Paankaj Dahyalal Shah was appointed as Director on 15 Jan 2009.
The Maitri Metals can be reached through the website maitrimetal.com. Its registered office is in Mumbai, Maharashtra, India.