MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0038085
Phils Heavy Engineering Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹27.63 Cr
▼ 45% YoY
Net profit · FY 2025
₹3.56 Cr
Net margin 12.9%
EBITDA · FY 2025
₹9.15 Cr
EBITDA margin 33.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹52.4 Lakh
Issued & subscribed
Open charges
₹119.48 Cr
Satisfied ₹23.37 Cr
Company age
34 yrs
Est. 1992
Directors on board
2
As per MCA filings
About Phils Heavy Engineering Private Limited
Data last updated:
Phils Heavy Engineering Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the heavy engineering and manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 14 February 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH1992PTC065411. Its GSTIN is 27AAACP3089R1ZP (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹52.4 Lakh. It is led by directors Ajay Kurian Philip and Varghese Philip.
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 'O2' Corporate Business Plaza 'A' – 805 Opp. Asha Nagar Mulund (West), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.63 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹3.56 Cr (net margin 12.9%) and EBITDA of ₹9.15 Cr (EBITDA margin 33.1%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹119.48 Cr and satisfied charges of ₹23.37 Cr on record. Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it; 5 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3 Cr; the latest was in January 2019. Its 6 peer companies in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 2 smaller; the largest is E.M.Electro - Mechanicals Private Limited with revenue of ₹30.44 Cr. The company has 22 MSME Form 1 returns on record between 2018 and 2024, listing 1,612 overdue payments to 80 micro and small suppliers.
Phils Heavy Engineering Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0038085). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website philsengg.com.
Company details
CIN U29299MH1992PTC065411
Registration Number 065411
Incorporation Date 14 February 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0038085
Recognitions & Rankings of Phils Heavy Engineering
Contact details
Phils Heavy Engineering Private Limited's registered office is in Mumbai, Maharashtra. Its website is philsengg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address'O2' Corporate Business Plaza 'A' – 805 Opp. Asha Nagar Mulund (West), Mumbai, Maharashtra, India – 400080
- IndustryMachinery and Equipment, Heavy Engineering & Manufacturing
To see the full contact details of Phils Heavy Engineering Private Limited, buy the company report.
Comprehensive company report
Phils Heavy Engineering 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 Phils Heavy Engineering is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Phils Heavy Engineering Private Limited, buy the company report.
Financials of Phils Heavy Engineering Private Limited
FY 2024 filings availablePhils Heavy Engineering Private Limited reported revenue of ₹27.63 Cr (down 45% YoY) for FY 2025.
Revenue · FY 2025
₹27.63 Cr ▼ 45%
Net profit · FY 2025
₹3.56 Cr margin 12.9%
EBITDA · FY 2025
₹9.15 Cr margin 33.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 45%
3 years · compounded
▼ 26%
5 years · compounded
▼ 28%
EBITDA CAGR growth
1 year
▼ 28%
3 years · compounded
▼ 12%
5 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 45% fall in the latest year. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.56 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 33.1% | ||||
| Net Profit Margin | 12.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Phils Heavy Engineering Private Limited, buy the company report.
Board of directors of Phils Heavy Engineering Private Limited
Phils Heavy Engineering has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kurian Philip | Director | 06 May 2008 | 18 Years 5 Months | Current |
| Varghese Philip Also directs: S&P Aqua Farm LLP | Director | 14 Feb 1992 | 34 Years 8 Months | Current |
Peer comparison
Phils Heavy Engineering Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| E.M.Electro - Mechanicals Private Limited | ₹30.44 Cr (FY 2024) | -11.0% | Bhopal, Madhya Pradesh, India | |||
| Maxtherm Boilers Private Limited | ₹29.88 Cr (FY 2024) | 9.0% | Chennai, Tamil Nadu, India | |||
| Techsun Energies and Engineering Services Private Limited | ₹28.65 Cr (FY 2019) | 305.0% | Thoothukudi, Tamil Nadu, India | |||
| Dhiraj Heavy Equipments Private Limited | ₹28.39 Cr (FY 2025) | 12.0% | Pune, Maharashtra, India | |||
| Phils Heavy Engineering Private Limitedthis company | ₹27.63 Cr (FY 2025) | ₹3.56 Cr | 12.9% | -45.0% | Mumbai, Maharashtra, India | |
| SRP Crane Controls (India) Private Limited | ₹27.11 Cr (FY 2024) | 84.0% | Veraval Shapar, Gujarat, India | |||
| Kessels Engineering Works Private Limited | ₹24.8 Cr (FY 2024) | 14.0% | New Delhi, Delhi, India |
To see the full peer comparison of Phils Heavy Engineering Private Limited, buy the company report.
Auditor
Phils Heavy Engineering Private Limited is audited by Parekh Sule & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Parekh Sule & Associates | FY 2022 | 118637W |
Shareholding
The shareholding of Phils Heavy Engineering 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Phils Heavy Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹119.48 Cr
Satisfied charges
₹23.37 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2025 | 101141184 | Others | ₹14 Cr | Open | |
| 24 Mar 2023 | 100701544 | Axis Bank Limited | ₹1 Cr | Open | |
| 13 Jul 2022 | 100594866 | The Zoroastrian Co-Operative Bank Limited | ₹14.7 Lakh | Open | |
| 26 Mar 1998 | 80004111 | Canara Bank | ₹104.33 Cr | Open | |
| 08 Jul 2021 | 100463829 | Canara Bank | ₹8 Lakh | Satisfied |
To see the full charge records of Phils Heavy Engineering Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Phils Heavy Engineering Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3 Cr; the latest was in January 2019.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹3 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Dec 2015 | Funding round | ₹3 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Phils Heavy Engineering Private Limited has 12 court cases on record: 11 filed by Phils Heavy Engineering, 1 filed against it. 5 cases are pending and 7 are disposed.
Total cases
12
Filed by the company
11
Filed against the company
1
Pending
5
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 4 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by M/S. Richardson and Cruddas Ltd., Mumbai | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against V Mahesh – Liquidator of M/S Nagarjuna Oil Corporation Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M S Richardson and Cruddas 1972 Ltd | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against M/S. Richardson and Cruddas (1972) Ltd. | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against M/S Avien Rubber and Chemical Industries Pvt Ltd Mumbai and Ors and 6 others | Pending |
To see the full case history of Phils Heavy Engineering 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
Phils Heavy Engineering Private Limited was last rated by Crisil on 19 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Oct 2020 |
To see the full credit ratings and regulatory alerts of Phils Heavy Engineering Private Limited, buy the company report.
MSME payment delays
Phils Heavy Engineering Private Limited has 22 MSME Form 1 returns on record between 2018 and 2024, listing 1,612 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S.V.Traders | |||
| Arham Steels | |||
| Sotc Weld Corporation | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Phils Heavy Engineering Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Phils Heavy Engineering has 6 GST registrations: 3 active and 3 cancelled or inactive.
Total GSTINs
6
Active
3
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP3089R1ZP | Maharashtra | Active | 01 Jul 2017 |
| 27AAACP3089R2ZO | Maharashtra | Active | 08 Aug 2023 |
| 29AAACP3089R1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phils Heavy Engineering Private Limited, buy the company report.
Recent activity
Phils Heavy Engineering Private Limited has 3 board changes on record since 1992: 2 appointments and 1 cessation. The latest: Philip Varughese Panavelil ceased to be Director on 05 Sep 2020.
AGM
Phils Heavy Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 14.00 Cr with Charge ID 101141184 was registered on 29 Jul 2025.
Charges
A charge with Canara Bank of Rs. 104.33 Cr registered on 26 Mar 1998 with Charge ID 80004111 was modified on 17 Jan 2025.
Filing
Phils Heavy Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100701544 was registered on 24 Mar 2023.
Charges
A charge registered on 17 Jan 2018 via Charge ID 100177693 with Others was fully satisfied on 21 Jan 2023.
Charges
A charge registered on 08 Jul 2021 via Charge ID 100463829 with Canara Bank was fully satisfied on 15 Nov 2022.
Charges
A charge registered on 08 Apr 2021 via Charge ID 100438513 with Canara Bank was fully satisfied on 15 Nov 2022.
Charges
A charge registered on 13 Mar 2019 via Charge ID 100250468 with Others was fully satisfied on 15 Nov 2022.
Charges
A charge registered on 08 Feb 2018 via Charge ID 100158816 with Others was fully satisfied on 15 Nov 2022.
Charges
A charge registered on 18 Oct 2017 via Charge ID 100130049 with Others was fully satisfied on 15 Nov 2022.
Charges
A charge registered on 14 Jun 2017 via Charge ID 100108606 with Others was fully satisfied on 15 Nov 2022.
44 earlier events are in the company report.
Frequently asked questions
Phils Heavy Engineering is an active private limited company based in Mumbai, Maharashtra, India. The company works in heavy engineering and manufacturing, within the machinery and equipment industry. It was incorporated on 14 February 1992 (34+ years old) and is registered under CIN U29299MH1992PTC065411.
Phils Heavy Engineering has 2 current directors:
- Ajay Kurian Philip - Director
- Varghese Philip - Director
The latest financial statements of Phils Heavy Engineering 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 Phils Heavy Engineering is 27AAACP3089R1ZP, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACP3089R2ZO (Maharashtra), 29AAACP3089R1ZL (Karnataka).
The CIN (Corporate Identification Number) of Phils Heavy Engineering is U29299MH1992PTC065411. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phils Heavy Engineering has 12 court cases on record: 11 filed by the company and 1 filed against it. 5 are pending. Most are in the high courts.
Phils Heavy Engineering was incorporated on 14 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Phils Heavy Engineering has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3 Cr; the latest was in January 2019.
The peers of Phils Heavy Engineering by revenue are E.M.Electro - Mechanicals Private Limited, Maxtherm Boilers Private Limited, Techsun Energies and Engineering Services Private Limited, Dhiraj Heavy Equipments Private Limited, SRP Crane Controls (India) Private Limited and 1 more, all in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Philip Varughese Panavelil ceased to be Director on 05 Sep 2020. Ajay Kurian Philip was appointed as Director on 06 May 2008. Varghese Philip was appointed as Director on 14 Feb 1992.
Yes, Phils Heavy Engineering is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0038085).
Phils Heavy Engineering has 22 MSME Form 1 returns on record between 2018 and 2024, listing 1,612 overdue payments to 80 micro and small suppliers. The latest return was filed on 26 Apr 2024.