MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0075211
Morfi Concrete Systems Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.69 Cr
▲ 105% YoY
Net profit · FY 2024
₹14.98 Lakh
Net margin 1.9%
EBITDA · FY 2024
₹22.73 Lakh
EBITDA margin 3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
3
Provident fund records
Directors on board
3
As per MCA filings
About Morfi Concrete Systems Private Limited
Data last updated:
Morfi Concrete Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Navalkar Associates Private Limited. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28112MH2011PTC216640. Its GSTIN is 27AAHCM1701A1Z5 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nikul Janardhanan Vengavillagam and Rahul Madhukar Navalkar.
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 R – 11A 1st Floor 215/217 Navalkar Building Jagannath Shankar Sheth Road, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.69 Cr, a growth of 105% compared to the previous year. For the same year it recorded a net profit of ₹14.98 Lakh (net margin 1.9%) and EBITDA of ₹22.73 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 17% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 4 filed against it; 2 cases are pending.
Morfi Concrete Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0075211). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website morficon.com.
Company details
CIN U28112MH2011PTC216640
Registration Number 216640
Incorporation Date 25 April 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Navalkar Associates Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0075211
Key People
Nikul Janardhanan Vengavillagam Director Rahul Madhukar Navalkar Director Tina Rahul Navalkar Additional Director Recognitions & Rankings of Morfi Concrete Systems
Contact details
Morfi Concrete Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is morficon.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressR – 11A 1st Floor 215/217 Navalkar Building Jagannath Shankar Sheth Road, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Morfi Concrete Systems Private Limited, buy the company report.
Comprehensive company report
Morfi Concrete Systems 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 Morfi Concrete Systems 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 Morfi Concrete Systems Private Limited, buy the company report.
Financials of Morfi Concrete Systems Private Limited
FY 2025 filings availableMorfi Concrete Systems Private Limited reported revenue of ₹7.69 Cr (up 105% YoY) for FY 2024.
Revenue · FY 2024
₹7.69 Cr ▲ 105%
Net profit · FY 2024
₹14.98 Lakh margin 1.9%
EBITDA · FY 2024
₹22.73 Lakh margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 105%
3 years · compounded
▲ 101%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 79%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 105% growth in the latest year. EBITDA fell 35% 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 |
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| Total Expenses | |||||
| EBITDA | ₹22.73 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹14.98 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Morfi Concrete Systems Private Limited, buy the company report.
Board of directors of Morfi Concrete Systems Private Limited
Morfi Concrete Systems has 3 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 |
|---|---|---|---|---|
| Nikul Janardhanan Vengavillagam | Director | 25 Apr 2011 | 15 Years 6 Months | Current |
| Rahul Madhukar Navalkar Also directs: Navalkar Associates Private Limited | Director | 25 Apr 2011 | 15 Years 6 Months | Current |
| Tina Rahul Navalkar Also directs: Navalkar Associates Private Limited | Additional Director | 17 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Morfi Concrete Systems Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Metals), 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 |
|---|---|---|---|---|---|---|
| Nustamp Automotive Toolings Private Limited | ₹7.71 Cr (FY 2025) | 437.0% | Gurgaon, Haryana, India | |||
| Rover Refractories & Metals Private Limited | ₹7.7 Cr (FY 2024) | 13.0% | Durg, Chhattisgarh, India | |||
| Krislur Castech Private Limited | ₹7.69 Cr (FY 2025) | 199.0% | Bhavnagar, Gujarat, India | |||
| Morfi Concrete Systems Private Limitedthis company | ₹7.69 Cr (FY 2024) | ₹14.98 Lakh | 1.9% | 105.0% | 3 | Mumbai, Maharashtra, India |
| Kansyam Metal Private Limited | ₹7.67 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| VG Defence Systems Private Limited | ₹7.66 Cr (FY 2024) | 141.0% | New Delhi, Delhi, India | |||
| N G T Engineering Pvt Ltd | ₹7.62 Cr (FY 2022) | 80.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Morfi Concrete Systems Private Limited, buy the company report.
Auditor
Morfi Concrete Systems Private Limited is audited by JAYAWANT DESAI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYAWANT DESAI & CO | FY 2022 | 104141W |
Shareholding
The shareholding of Morfi Concrete Systems Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Morfi Concrete Systems Private Limited, buy the company report.
Legal cases
Morfi Concrete Systems Private Limited has 4 court cases on record: 4 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed against the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by M/S. Sudal Industries Ltd Through Its Director Mukesh V. Ashar | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by North Life Spaces LLP Throgh Designated Partner Mr Munjal Praful Thosani | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by M/S. Sudal Industries Ltd Through Its Director Mukesh V. Ashar | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by M/S. Sudal Industries Ltd Through Its Director Mukesh V. Ashar | Disposed |
To see the full case history of Morfi Concrete Systems 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
No delayed payments to MSME suppliers are on our record for Morfi Concrete Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Morfi Concrete Systems Private Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-50%
GST
Morfi Concrete Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM1701A1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Morfi Concrete Systems Private Limited, buy the company report.
Recent activity
Morfi Concrete Systems Private Limited has 7 board changes on record since 2011: 4 appointments and 3 cessations. The latest: Suhasini Madhukar Navalkar ceased to be Director on 22 May 2025.
AGM
Morfi Concrete Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Suhasini Madhukar Navalkar ceased to be Director.
Filing
Morfi Concrete Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Tina Rahul Navalkar was appointed as Additional Director.
Ceased
Priju Thomas Arakudiyil ceased to be Director.
Ceased
Nikul Janardhanan Vengavillagam ceased to be Director.
Appointed
Nikul Janardhanan Vengavillagam was appointed as Director.
Appointed
Rahul Madhukar Navalkar was appointed as Director.
Appointed
Suhasini Madhukar Navalkar was appointed as Director.
Incorporation
25 Apr 2011
Morfi Concrete Systems Private Limited was registered on 25 Apr 2011 with Roc Mumbai & aged 15 years 6 months as per MCA records.
Frequently asked questions
Morfi Concrete Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 April 2011 (15+ years old) and is registered under CIN U28112MH2011PTC216640.
Morfi Concrete Systems has 3 current directors:
- Nikul Janardhanan Vengavillagam - Director
- Rahul Madhukar Navalkar - Director
- Tina Rahul Navalkar - Additional Director
The latest financial statements of Morfi Concrete Systems 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 Morfi Concrete Systems is 27AAHCM1701A1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Morfi Concrete Systems is U28112MH2011PTC216640. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morfi Concrete Systems has 4 court cases on record: 4 filed against it. 2 are pending.
Morfi Concrete Systems was incorporated on 25 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Morfi Concrete Systems by revenue are Nustamp Automotive Toolings Private Limited, Rover Refractories & Metals Private Limited, Krislur Castech Private Limited, Kansyam Metal Private Limited, VG Defence Systems Private Limited and 1 more, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Suhasini Madhukar Navalkar ceased to be Director on 22 May 2025. Tina Rahul Navalkar was appointed as Additional Director on 17 Mar 2025. Priju Thomas Arakudiyil ceased to be Director on 01 Dec 2024. Morfi Concrete Systems has 7 board changes on record in total.
Yes, Morfi Concrete Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0075211).
Morfi Concrete Systems can be reached through the website morficon.com. Its registered office is in Mumbai, Maharashtra, India.