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About Msa (India) Limited
Data last updated:
Msa (India) Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Mine Safety Appliances Company. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the security products segment of the manufacturing sector. It was incorporated on 28 October 1965.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1965PLC026653. Its GSTIN is 19AABCM7456N1ZT (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹48.5 Cr and a paid-up capital of ₹8.13 Cr. It was formerly known as Mine Safety Appliances Ltd. It is led by directors including Rakesh Parmeshchandra Pandya and Biswanath Manna.
Its last annual general meeting (AGM) was held on 09 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Room No. 5 & 6 Surabhi Building 3rd Floor 8/1/2 Dr. U.N. Brahmachari Street, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.76 Lakh, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹31.98 Lakh (net margin 40.1%) and EBITDA of ₹29.32 Lakh (EBITDA margin 36.8%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 56% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MSA Safety. As per MCA filings, the company has open charges of ₹4.11 Cr and satisfied charges of ₹4.2 Cr on record. Court records list 32 cases involving the company, including 22 filed by the company and 10 filed against it; 3 cases are pending. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.04 Cr; the latest was in March 2022. Its 10 peer companies in the Manufacturing industry (Security Products) are compared by revenue, 5 larger and 5 smaller; the largest is Vision Dream Mart and Retail Private Limited with revenue of ₹89 Lakh.
The last known website on record is msasafety.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressRoom No. 5 & 6 Surabhi Building 3rd Floor 8/1/2 Dr. U.N. Brahmachari Street, Kolkata, West Bengal, India – 700017
- IndustryManufacturing, Security Products
- 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
- One PDF report, delivered after checkout
Financials of Msa (India) Limited FY 2025 filings available
Msa (India) Limited reported revenue of ₹79.76 Lakh (up 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Msa (India) Limited
Revenue rose 34% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 56%. EBITDA rose 171% 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 of Msa (India) Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹29.32 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.98 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Msa (India) Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 40.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Msa (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Msa (India) Limited
Msa (India) Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Security Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vision Dream Mart and Retail Private Limited | ₹89 Lakh (FY 2024) | •••• | •••• | •••• | Faridabad, Haryana, India | |
| Rudrarjun Enterprises Private Limited | ₹84.75 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Panvel, Maharashtra, India |
| Z Plus Security Systems Private Limited | ₹83.94 Lakh (FY 2021) | •••• | •••• | -43.0% | •••• | Navi Mumbai, Maharashtra, India |
| Alaknanda Vaults Private Limited | ₹82.09 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Alpha Safe & Secure Private Limited | ₹81 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Msa (India) Limited this company | ₹79.76 Lakh (FY 2025) | •••• | •••• | 34.0% | •••• | Kolkata, West Bengal, India |
| Udyogi Moulders Private Limited | ₹79.41 Lakh (FY 2024) | •••• | •••• | -78.0% | •••• | Kolkata, West Bengal, India |
| Ysr Security System Private Limited | ₹79.18 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Skavion Auto Private Limited | ₹78.28 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Vijayan Overseas Private Limited | ₹77.83 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Aligarh, Uttar Pradesh, India |
| Atigo Enterprises Limited | ₹77.31 Lakh (FY 2024) | •••• | •••• | 45.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Msa (India) by revenue in the Manufacturing industry (Security Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Msa (India) Limited
Msa (India) Limited is audited by S.R. Batliboi & CO. LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & CO. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Msa (India) Limited
Msa (India) has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Parmeshchandra Pandya | Director | 07 Jan 2020 | 6 Years 9 Months | As last reported |
| Biswanath Manna Also directs: M&C Techgroup India LLP | Director | 16 Mar 2020 | 6 Years 6 Months | As last reported |
| Anagha Srinivas Rao Anasingaraju | Irp/Rp/Liquidator | 21 Nov 2025 | 0 Years 10 Months | As last reported |
| Chandan Das | Director | 04 Dec 2023 | 2 Years 10 Months | As last reported |
Ownership and Shareholding of Msa (India) Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Msa (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Mar 1990 | Punjab National Bank | ₹10 Lakh | Open |
| 01 Apr 1982 | Grindlays Bank | ₹75 Lakh | Open |
| 01 Apr 1982 | Grindlays Bank | ₹75 Lakh | Open |
| 06 Mar 1981 | Grindlays Bank | ₹70 Lakh | Open |
| 06 Mar 1981 | Grindlays Bank | ₹1.81 Cr | Open |
Total charge records: 7 View all charges
Deals & Funding of Msa (India) Limited
Msa (India) Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.04 Cr; the latest was in March 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹46.5 Cr | Investors: Mine Safety Appliances Company Llc |
| Feb 2010 | Funding round | ₹3.04 Cr | Investors: Mine Safety Appliances Company Llc |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Mine Safety Appliances Company Llc Seller: Exide Industries Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Msa (India) Limited
Msa (India) Limited has 32 court cases on record: 22 filed by Msa (India), 10 filed against it. 3 cases are pending and 29 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 6 | 3 |
| District courts | 8 | 4 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Voltas Limited | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed by the company against Voltas Limited | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Court case (Trust Suit) | Filed by the company against Voltas Limited | Disposed |
| District court, Karimnagar, Telangana | Civil suit | Filed against the company by Fertilizer Corporation of India Limited | Disposed |
| Calcutta High Court | Company petition | Filed by the company against Indian Press Exchange Limited | Disposed |
Full case history
All 32 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Msa (India) Limited
Msa (India) operates one associated brand: MSA Safety. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Protective wearables for hazardous environments are developed by MSA Safety. | msasafety.com |
Employees and EPFO Compliance at Msa (India) Limited
Msa (India) Limited has a workforce of 2 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Msa (India) Limited
Msa (India) has one previous CIN (Corporate Identification Number): U99999WB1965PLC026653. The current CIN is U51909WB1965PLC026653, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1965PLC026653 | Current |
| U99999WB1965PLC026653 | Previous |
Recent Activity on Msa (India) Limited
Msa (India) Limited has 19 board changes on record since 2007: 4 appointments and 15 cessations. The latest: Anagha Srinivas Rao Anasingaraju was appointed as Irp/Rp/Liquidator on 21 Nov 2025.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Msa (India) Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Msa (India) Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Msa (India) Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Msa (India) Limited
Msa (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCM7456N1ZT | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Msa (India) Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Msa (India) Limited
Msa (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Msa (India) is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in security products, within the manufacturing industry. It was incorporated on 28 October 1965 and is registered under CIN U51909WB1965PLC026653. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Msa (India) reported revenue of ₹79.76 Lakh for FY 2025 (up 34% YoY).
Msa (India) has 4 current directors:
- Rakesh Parmeshchandra Pandya - Director
- Biswanath Manna - Director
- Chandan Das - Director
- Anagha Srinivas Rao Anasingaraju - Irp/Rp/Liquidator
Msa (India) reported a net profit of ₹31.98 Lakh (net margin 40.1%) and EBITDA of ₹29.32 Lakh (EBITDA margin 36.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Msa (India) is -30% over three years and -56% over five years. In the latest year (FY 2025) revenue rose 34%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Msa (India) is U51909WB1965PLC026653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Msa (India) has open charges of ₹4.11 Cr and satisfied charges of ₹4.2 Cr as per latest MCA filings.
Msa (India) has 32 court cases on record: 22 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
Msa (India) was incorporated on 28 October 1965. It is registered with the Registrar of Companies, Kolkata.
Msa (India) has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.04 Cr; the latest was in March 2022.