MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0275976
Pennwalt Private Limited - machinery and equipment in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹33.71 Cr
▼ 27% YoY
Net profit · FY 2025
₹11.77 Cr
Net margin 34.9%
EBITDA · FY 2025
₹17.68 Cr
EBITDA margin 52.5%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹84.1 Lakh
Issued & subscribed
Open charges
₹2.1 Lakh
Satisfied ₹19.89 Cr
Company age
67 yrs
Est. 1959
Employees · EPFO
20
Provident fund records
About Pennwalt Private Limited
Data last updated:
Pennwalt Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 24 October 1959 and has been in existence for over 67 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH1959PTC011487. Its GSTIN is 27AAACP6840L1Z4 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹84.1 Lakh. It was formerly known as Pennwalt Limited. It is led by directors including Ashish Sukhdev Kashyap (Managing Director) and Divya Kashyap (Managing Director).
Its last annual general meeting (AGM) was held on 26 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D – 221 MIDC Ttcthane – Belapur Rd Nerul, Navi Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.71 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹11.77 Cr (net margin 34.9%) and EBITDA of ₹17.68 Cr (EBITDA margin 52.5%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 4% over five years.
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹2.1 Lakh and satisfied charges of ₹19.89 Cr on record. Court records list 40 cases involving the company, including 18 filed by the company and 22 filed against it; 8 cases are pending.
Pennwalt Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0275976). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pennwalt.com.
Company details
CIN U93000MH1959PTC011487
Registration Number 011487
Incorporation Date 24 October 1959
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0275976
CIN history
Pennwalt has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93000MH1959PTC011487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000MH1959PTC011487 | Current |
| U99999MH1959PLC011487 | Previous |
| U93000MH1959PLC011487 | Previous |
Key People
Ashish Sukhdev Kashyap Managing Director Divya Kashyap Managing Director Homi Phiroze Ranina Director Recognitions & Rankings of Pennwalt
Contact details
Pennwalt Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is pennwalt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 221 MIDC Ttcthane – Belapur Rd Nerul, Navi Mumbai, Maharashtra, India – 400706
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Pennwalt Private Limited, buy the company report.
Comprehensive company report
Pennwalt 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 Pennwalt is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. |
To see the full business activity and turnover split of Pennwalt Private Limited, buy the company report.
Financials of Pennwalt Private Limited
FY 2025 filings availablePennwalt Private Limited reported revenue of ₹33.71 Cr (down 27% YoY) for FY 2025.
Revenue · FY 2025
₹33.71 Cr ▼ 27%
Net profit · FY 2025
₹11.77 Cr margin 34.9%
EBITDA · FY 2025
₹17.68 Cr margin 52.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 4%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 6%
5 years · compounded
▼ 3%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 27% fall in the latest year. EBITDA fell 23% 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 | ₹17.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.77 Cr | ||||
| Balance Sheet | |||||
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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 | 52.5% | ||||
| Net Profit Margin | 34.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Pennwalt Private Limited, buy the company report.
Board of directors of Pennwalt Private Limited
Pennwalt has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Homi Phiroze Ranina Also directs: Championx Energy India Private Limited | Director | 12 Sep 1984 | 42 Years 1 Months | Current |
| Ayushman Kashyap Also directs: Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited, Varun Holdings Pvt Ltd and 2 more | Director | 06 Dec 2022 | 3 Years 10 Months | Current |
| Ashish Sukhdev Kashyap Also directs: Pennwalt Xeda Agro-Chem Private Limited, Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited and 3 more | Managing Director | 01 Oct 2001 | 25 Years 0 Months | Current |
| Arti Kashyap Also directs: Pennwalt Xeda Agro-Chem Private Limited, Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited and 2 more | Director | 30 Jun 2014 | 12 Years 3 Months | Current |
| Divya Kashyap Also directs: Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited, Pennwalt Finance and Investments Limited and 1 more | Managing Director | 16 Jun 2016 | 10 Years 4 Months | Current |
| Stuti Kaul | Director | 29 Sep 1997 | 29 Years 1 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Pennwalt Private Limited is audited by Doshi Doshi & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Doshi Doshi & Co | FY 2023 | 153683W |
Shareholding
The shareholding of Pennwalt Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pennwalt Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.1 Lakh
Satisfied charges
₹19.89 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2006 | 10010135 | Sundaram Finance Ltd | ₹2.1 Lakh | Open | |
| 29 Mar 1994 | 90147022 | Union Bank of India | ₹1.5 Cr | Satisfied | |
| 15 Jun 1993 | 90145861 | Union Bank of India | ₹31 Lakh | Satisfied | |
| 10 Jun 1993 | 90141765 | Union Bank of India | ₹31 Lakh | Satisfied | |
| 04 Nov 1992 | 90146998 | Union Bank of India | ₹30 Lakh | Satisfied |
To see the full charge records of Pennwalt Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Pennwalt Private Limited has 40 court cases on record: 18 filed by Pennwalt, 22 filed against it. 8 cases are pending and 32 are disposed.
Total cases
40
Filed by the company
18
Filed against the company
22
Pending
8
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 10 | 0 |
| High courts | 19 | 11 | 8 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Gujarat Alkalies and Chemicals Ltd. and Anr. | Disposed |
| District court, South East, Delhi | Execution petition | Filed by the company against M/S Composit Consultants Private Limited | Disposed |
| High Court of Gujarat | Arbitration matter | Filed against the company by Gujarat Alkalies and Chemicals Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against 1.Gujarat Alkalies and Chemicals Ltd. 2.Icici Bank | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Gujarat Alkalies and Chemicals Ltd. and 1 other | Disposed |
To see the full case history of Pennwalt 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
Pennwalt Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 35 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sparklet Engineers |
To see the full MSME payment records of Pennwalt Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Pennwalt has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
2
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Pennwalt Agritech Limited | U25206MH1997PLC112176 | |
| Pennwalt Finance and Investments Limited | U67120MH1996PLC098407 |
To see the full group structure of Pennwalt Private Limited, buy the company report.
Employees & EPFO
Pennwalt Private Limited has a workforce of 20 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-50%
GST
Pennwalt has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP6840L1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pennwalt Private Limited, buy the company report.
Recent activity
Pennwalt Private Limited has 16 board changes on record since 1984: 7 appointments and 9 cessations. The latest: Stuti Kaul ceased to be Director on 26 Jul 2025.
AGM
Pennwalt Private Limited last Annual general meeting of members was held on 26 Jul 2025 as per latest MCA records.
Ceased
Stuti Kaul ceased to be Director.
Filing
Pennwalt Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Ayushman Kashyap ceased to be Additional Director.
Appointed
Ayushman Kashyap was appointed as Director.
Ceased
Arti Kashyap ceased to be Whole-Time Director.
Ceased
Aryaman Kashyap ceased to be Additional Director.
Ceased
Hormazdiyaar Shiavax Vakil ceased to be Director.
Appointed
Aryaman Kashyap was appointed as Director.
Ceased
Sukhdev Aryamuni Kashyap ceased to be Director.
Ceased
Divya Kashyap ceased to be Additional Director.
Appointed
Divya Kashyap was appointed as Managing Director.
55 earlier events are in the company report.
Frequently asked questions
Pennwalt is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 24 October 1959 (67+ years old) and is registered under CIN U93000MH1959PTC011487.
Pennwalt has 7 current directors:
- Ashish Sukhdev Kashyap - Managing Director
- Divya Kashyap - Managing Director
- Homi Phiroze Ranina - Director
- Ayushman Kashyap - Director
- Arti Kashyap - Director
- Stuti Kaul - Director
- Aryaman Kashyap - Director
The latest financial statements of Pennwalt on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pennwalt is 27AAACP6840L1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pennwalt is U93000MH1959PTC011487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pennwalt has 40 court cases on record: 18 filed by the company and 22 filed against it. 8 are pending. Most are in the district courts.
Pennwalt was incorporated on 24 October 1959, making it 67+ years old. It is registered with the Registrar of Companies, Mumbai.
Stuti Kaul ceased to be Director on 26 Jul 2025. Ayushman Kashyap ceased to be Additional Director on 08 Dec 2023. Ayushman Kashyap was appointed as Director on 06 Dec 2022. Pennwalt has 16 board changes on record in total.
Yes, Pennwalt is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0275976).
Pennwalt has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 35 overdue payments to 1 micro and small supplier. The latest return was filed on 13 May 2021.
Pennwalt can be reached through the website pennwalt.com. Its registered office is in Navi Mumbai, Maharashtra, India.