- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-02-0004747

About Msafe Equipments Limited
Data last updated:
Msafe Equipments Limited is a public limited company based in Delhi, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 19 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29309DL2019PLC353936. Its GSTIN is 09AAMCM8834F1Z0 (Uttar Pradesh). The company holds 16 GST registrations, of which 14 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544695.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹16 Cr. It is led by directors including Pradeep Aggarwal (Managing Director) and Ajay Kanoi Kumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at F – 311 3rd Floor Aditya Arcad, Plot No. 30 Community Center Preet Vihar, Delhi, India – 110092.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹103.5 Cr, a growth of 45.1% compared to the previous year. For the same year it recorded a net profit of ₹24.47 Cr (net margin 23.6%) and EBITDA of ₹41.03 Cr (EBITDA margin 39.6%). The net worth stands at ₹98.01 Cr (up 282.1% YoY). Total assets are valued at ₹138.14 Cr (up 134.7% YoY).
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.59 Cr and satisfied charges of ₹14.7 Cr on record. Court records list 136 cases involving the company, including 134 filed by the company and 2 filed against it; 105 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 market trades, 1 ipo); the latest was in February 2026. The company has 10 MSME Form 1 returns on record between 2020 and 2023, listing 131 overdue payments to 10 micro and small suppliers.
Msafe Equipments Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-02-0004747). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msafegroup.com.
Company details
CIN history
Msafe Equipments has one previous CIN (Corporate Identification Number): U29309DL2019PTC353936. The current CIN is U29309DL2019PLC353936, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29309DL2019PLC353936 | Current |
| U29309DL2019PTC353936 | Previous |
Recognitions & Rankings of Msafe Equipments
Contact details
Msafe Equipments Limited's registered office is in Delhi, Delhi. Its website is msafegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressF – 311 3rd Floor Aditya Arcad, Plot No. 30 Community Center Preet Vihar, Delhi, India – 110092
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Msafe Equipments 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 Msafe Equipments is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Msafe Equipments Limited, buy the company report.
Financials of Msafe Equipments Limited
FY 2025-26 filings availableMsafe Equipments Limited reported revenue of ₹103.5 Cr (up 45.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 104 | 71.34 | 48.13 | 26.98 | 15.59 | 5.52 |
| Revenue growth | +45.1% | +48.2% | +78.4% | +73.1% | +182.4% | - |
| EBITDA | 41.03 | 26.07 | 15.12 | 6.53 | 4.17 | 1.18 |
| EBITDA margin | +39.6% | +36.5% | +31.4% | +24.2% | +26.8% | +21.4% |
| Profit before tax | 29.98 | 17.42 | 8.76 | 4.90 | 2.82 | 0.39 |
| Net profit | 24.47 | 13.10 | 6.97 | 3.59 | 2.10 | 0.29 |
| Net profit margin | +23.6% | +18.4% | +14.5% | +13.3% | +13.5% | +5.3% |
| EPS (₹) | 10.99 | 130.12 | 65.52 | 36.08 | 2,091.64 | 296.65 |
| Balance sheet | ||||||
| Total assets | 138 | 58.86 | 38.90 | 26.41 | 12.96 | 8.99 |
| Net worth | 98.01 | 25.65 | 12.64 | 6.04 | 2.43 | 0.34 |
| Total debt | 38.59 | 32.56 | 25.87 | 20.38 | 10.53 | 8.66 |
| Cash & bank | 43.18 | 0.54 | 0.32 | 0.23 | 0.09 | 0.31 |
| Net working capital | 86.46 | 18.00 | 10.02 | 3.36 | (0.51) | 1.38 |
| Cash flow | ||||||
| Cash from operations | 11.53 | 14.35 | 6.45 | 4.52 | - | - |
| Cash from investing | (63.47) | (18.15) | (9.80) | (12.96) | - | - |
| Cash from financing | 51.55 | 4.00 | 3.45 | 8.57 | - | - |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | 31.79 | 28.11 | 26.37 | 26.29 | 22.72 |
| Revenue growth (YoY) | +39.9% | - | - | - | - |
| Other income | 0.66 | 0.45 | 0.04 | 0.03 | 0.03 |
| Total expenses | 19.16 | 16.79 | 16.04 | 15.86 | 13.94 |
| EBITDA | 12.63 | 11.32 | 10.33 | 10.43 | 8.78 |
| EBITDA margin | +39.7% | +40.3% | +39.2% | +39.7% | +38.6% |
| Depreciation | 2.63 | 2.21 | 2.38 | 2.24 | 1.38 |
| Interest | 0.92 | 0.90 | 0.79 | 0.79 | 0.78 |
| Profit before tax | 9.74 | 8.66 | 7.20 | 7.43 | 6.65 |
| Tax | 2.46 | 2.16 | 1.80 | 1.97 | 1.61 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | 31.79 | 28.11 | 26.37 | 26.29 | 22.72 |
| Revenue growth (YoY) | +39.9% | - | - | - | - |
| Other income | 0.66 | 0.45 | 0.04 | 0.03 | 0.03 |
| Total expenses | 19.16 | 16.79 | 16.04 | 15.86 | 13.94 |
| EBITDA | 12.63 | 11.32 | 10.33 | 10.43 | 8.78 |
| EBITDA margin | +39.7% | +40.3% | +39.2% | +39.7% | +38.6% |
| Depreciation | 2.63 | 2.21 | 2.38 | 2.24 | 1.38 |
| Interest | 0.92 | 0.90 | 0.79 | 0.79 | 0.78 |
| Profit before tax | 9.74 | 8.66 | 7.20 | 7.43 | 6.65 |
| Tax | 2.46 | 2.16 | 1.80 | 1.97 | 1.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 104 | 71.34 | 48.13 | 26.98 | 15.59 | 5.52 |
| Revenue growth | +45.1% | +48.2% | +78.4% | +73.1% | +182.4% | - |
| Other income | 0.56 | 0.28 | 0.21 | 2.73 | 1.40 | 0.54 |
| Total expenses | 62.47 | 45.27 | 33.01 | 20.45 | 11.42 | 4.34 |
| Employee cost | 17.26 | 9.69 | 4.62 | 2.99 | 1.99 | 0.81 |
| EBITDA | 41.03 | 26.07 | 15.12 | 6.53 | 4.17 | 1.18 |
| EBITDA margin | +39.6% | +36.5% | +31.4% | +24.2% | +26.8% | +21.4% |
| Depreciation | 8.21 | 6.24 | 4.52 | 3.04 | 1.72 | 0.72 |
| Interest | 3.40 | 2.69 | 2.05 | 1.32 | 1.03 | 0.61 |
| Profit before tax | 29.98 | 17.42 | 8.76 | 4.90 | 2.82 | 0.39 |
| Tax | 7.54 | 4.42 | 2.20 | 1.30 | 0.72 | 0.10 |
| Net profit | 24.47 | 13.10 | 6.97 | 3.59 | 2.10 | 0.29 |
| Net profit margin | +23.6% | +18.4% | +14.5% | +13.3% | +13.5% | +5.3% |
| EPS (₹) | 10.99 | 130.12 | 65.52 | 36.08 | 2,091.64 | 296.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 20.40 | 1.00 | 1.00 | 1.00 | 0.01 | 0.01 |
| Reserves & surplus | 77.61 | 24.65 | 11.64 | 5.04 | 2.42 | 0.33 |
| Shareholders' funds (net worth) | 98.01 | 25.65 | 12.64 | 6.04 | 2.43 | 0.34 |
| Secured loans | 25.51 | 13.18 | 11.42 | 10.08 | 3.73 | 3.21 |
| Unsecured loans | 13.08 | 19.38 | 14.45 | 10.30 | 6.80 | 5.45 |
| Total debt | 38.59 | 32.56 | 25.87 | 20.38 | 10.53 | 8.66 |
| Total liabilities | 138 | 58.86 | 38.90 | 26.41 | 12.96 | 8.99 |
| Assets | ||||||
| Gross block | 67.69 | 52.62 | 35.54 | 27.49 | 15.64 | 8.08 |
| Net block | 48.81 | 39.43 | 27.06 | 22.35 | 13.18 | 7.34 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.60 | 0.60 | 0.27 | 0.27 |
| Inventories | 23.95 | 9.12 | 3.47 | 0.79 | 0.44 | 0.29 |
| Sundry debtors | 23.67 | 16.23 | 11.89 | 7.10 | 5.04 | 2.15 |
| Cash & bank balances | 43.18 | 0.54 | 0.32 | 0.23 | 0.09 | 0.31 |
| Loans & advances | 6.53 | 3.33 | 3.63 | 2.31 | 1.28 | 0.98 |
| Total current assets | 97.33 | 29.22 | 19.31 | 10.43 | 6.85 | 3.73 |
| Total current liabilities | 10.87 | 11.22 | 9.29 | 7.07 | 7.36 | 2.35 |
| Net working capital | 86.46 | 18.00 | 10.02 | 3.36 | (0.51) | 1.38 |
| Total assets | 138 | 58.86 | 38.90 | 26.41 | 12.96 | 8.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.52 | 0.32 | 0.22 | 0.09 | - | - |
| Net cash from operating activities | 11.53 | 14.35 | 6.45 | 4.52 | - | - |
| Net cash from investing activities | (63.47) | (18.15) | (9.80) | (12.96) | - | - |
| Net cash from financing activities | 51.55 | 4.00 | 3.45 | 8.57 | - | - |
| Net change in cash | (0.38) | 0.20 | 0.10 | 0.13 | - | - |
| Closing cash | 43.18 | 0.54 | 0.32 | 0.23 | - | - |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +45.1% | +48.2% | +78.4% | +73.1% | +182.4% | - |
| EBITDA growth | +57.4% | +72.4% | +131.6% | +56.6% | +253.4% | - |
| PBT growth | +72.1% | +98.9% | +78.8% | +73.8% | +623.1% | +9997.0% |
| Net income growth | +86.8% | +88.0% | +94.2% | +71.0% | +624.1% | - |
| Revenue CAGR (3Y) | +56.5% | +66.0% | +105.8% | - | - | - |
| EBITDA CAGR (3Y) | +84.5% | +84.2% | +134.0% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +21.7% | +18.2% | +13.6% | +13.3% | +13.5% | +5.3% |
| Return on capital employed | +33.9% | +41.2% | +33.1% | +31.6% | +35.1% | +11.2% |
| Return on net worth | +36.3% | +68.0% | +70.1% | +85.2% | +150.9% | +88.2% |
| Debt / equity | 0.58 | 1.53 | 2.48 | 3.65 | 6.93 | 25.47 |
| Long-term debt / equity | 0.12 | 0.22 | 0.41 | 0.61 | 1.28 | 6.61 |
| Interest cover | 10.36 | 13.57 | 19.34 | 37.82 | 42.04 | 132.61 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 1.72 | 1.62 | 1.53 | 1.25 | 1.31 | 0.68 |
| Inventory turnover | 6.26 | 11.33 | 22.60 | 43.87 | 42.71 | 19.03 |
| Debtors turnover | 5.19 | 5.07 | 5.07 | 4.44 | 4.34 | 2.57 |
| EPS (₹) | 10.99 | 130.12 | 65.52 | 36.08 | 2,091.64 | 296.65 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 48.04 | 256.49 | 126.37 | 60.37 | 2,429.05 | 337.41 |
To see the full year-wise statements and ratios of Msafe Equipments Limited, buy the company report.
Board of directors of Msafe Equipments Limited
Msafe Equipments has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Kankani | Director | 26 Aug 2025 | 1 Years 1 Months | Current |
| Ajay Kanoi Kumar | Whole-Time Director | 19 Aug 2019 | 7 Years 2 Months | Current |
| Rushil Agarwal Also directs: MGRV Enterprises Private Limited | Whole-Time Director | 19 Aug 2019 | 7 Years 2 Months | Current |
| Vaibhav Mandhana | Director | 26 Aug 2025 | 1 Years 1 Months | Current |
| Pradeep Aggarwal | Managing Director | 25 Aug 2022 | 4 Years 1 Months | Current |
| Rajni Ajay Kanoi | Director | 01 Jun 2023 | 3 Years 4 Months | Current |
Auditor
Msafe Equipments Limited is audited by V.K. KILA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.K. KILA & CO. | FY 2023 | 007772C |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.20%, foreign institutional investors hold 2.20%, domestic institutional investors hold 7.60% and retail and other public shareholders hold 17.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | |
|---|---|---|---|
| Promoters | 73.20% | 72.80% | 72.80% |
| Public | 26.80% | 27.20% | 27.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2025 | 101162301 | Others | ₹90 Lakh | Open | |
| 27 May 2025 | 101107566 | Others | ₹5 Cr | Open | |
| 22 May 2025 | 101100902 | Others | ₹4 Cr | Open | |
| 08 Jul 2024 | 100945295 | Hdfc Bank Limited | ₹12 Lakh | Open | |
| 04 Jul 2024 | 100944943 | Hdfc Bank Limited | ₹10 Lakh | Open |
To see the full charge records of Msafe Equipments Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Msafe Equipments Limited has 7 deals on record (4 secondary share transfers, 2 market trades, 1 ipo); the latest was in February 2026.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Market trade | ₹1.57 Cr | Buyer: Navbharat Investment Opportunities Fund |
| Feb 2026 | Market trade | ₹11.02 Cr | Buyer: Navbharat Investment Opportunities Fund, Nav Capital Vcc - Nav Capital Emerging Star Fund, 2 individuals |
| Jan 2026 | IPO | ₹66.42 Cr | Investors: Sanshi Fund – I, Bharat Venture Opportunities Fund, Shrem Investments Private Limited Seller: 2 individuals |
| Jan 2026 | Secondary share transfer | Undisclosed | Buyer: Anubhuti Properties Private Limited , 3 individuals Seller: 2 individuals |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
To see the full deal history of Msafe Equipments 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
Msafe Equipments Limited has 136 court cases on record: 134 filed by Msafe Equipments, 2 filed against it. 105 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 136 | 2 | 105 |
Cases on record (5 of 136)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Westbridge Turnkey Dpe LLP | Pending |
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Kavs Technocraft Private Limited | Pending |
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Glaze Techno Facade Systems Pvt Ltd | Pending |
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Myman Ventures Infra Projects Pvt Ltd | Pending |
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Fine Line S Creative Private Limited | Pending |
To see the full case history of Msafe Equipments 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
Msafe Equipments Limited has 10 MSME Form 1 returns on record between 2020 and 2023, listing 131 overdue payments to 10 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 (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Procast India | |||
| MGRV Enterprises Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Msafe Equipments Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Msafe Equipments Limited has a workforce of 49 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Msafe Equipments has 16 GST registrations: 14 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAMCM8834F1Z0 | Uttar Pradesh | Active | 17 Sep 2019 |
| 27AAMCM8834F1Z2 | Maharashtra | Active | 19 Dec 2019 |
| 24AAMCM8834F1Z8 | Gujarat | Active | 31 Jul 2020 |
| 29AAMCM8834F1ZY | Karnataka | Active | 07 Aug 2020 |
To see the full GST registrations and return filing status of Msafe Equipments Limited, buy the company report.
Recent activity
Msafe Equipments Limited has 12 board changes on record since 2019: 6 appointments and 6 cessations. The latest: Rushil Agarwal ceased to be Director on 28 Aug 2025.
35 earlier events are in the company report.
News
Frequently asked questions
Msafe Equipments is an active public limited company based in Delhi, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 19 August 2019 (7+ years old) and is registered under CIN U29309DL2019PLC353936. Listed on BSE: 544695.
Msafe Equipments reported revenue of ₹103.5 Cr for FY 2025-26 (up 45.1% YoY) based on standalone financials.
Msafe Equipments has 6 current directors:
- Pradeep Aggarwal - Managing Director
- Ajay Kanoi Kumar - Whole-Time Director
- Rushil Agarwal - Whole-Time Director
- Manish Kankani - Director
- Vaibhav Mandhana - Director
- Rajni Ajay Kanoi - Director
The latest financial statements of Msafe Equipments on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 August 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Msafe Equipments is 09AAMCM8834F1Z0, registered in Uttar Pradesh. The company has 16 GST registrations in all, of which 14 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAMCM8834F1Z2 (Maharashtra), 24AAMCM8834F1Z8 (Gujarat), 29AAMCM8834F1ZY (Karnataka).
The CIN (Corporate Identification Number) of Msafe Equipments is U29309DL2019PLC353936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Msafe Equipments is a listed company as per MCA records. Its shares are listed on BSE (code: 544695).
Msafe Equipments has 136 court cases on record: 134 filed by the company and 2 filed against it. 105 are pending.
Msafe Equipments was incorporated on 19 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Msafe Equipments has 7 deals on record (4 secondary share transfers, 2 market trades, 1 ipo); the latest was in February 2026.
Rushil Agarwal ceased to be Director on 28 Aug 2025. Manish Kankani was appointed as Director on 26 Aug 2025. Manish Kankani ceased to be Additional Director on 26 Aug 2025. Msafe Equipments has 12 board changes on record in total.