About MSL Driveline Systems Limited
Data last updated:
MSL Driveline Systems Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 30 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U30007MH1994PLC081637. Its GSTIN is 27AAACM3524A1Z3 (Maharashtra). The company holds 9 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹6.96 Cr. It was formerly known as Mahindra Sona Limited. It is led by directors including Gaurav Girdhar Motwane (Managing Director) and Bhushan Shridhar Patwardhan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 1506 15th Floor One BKC Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹851.69 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹60.32 Cr (net margin 7.1%) and EBITDA of ₹99.32 Cr (EBITDA margin 11.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 10% over five years.
The company has about 711 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: MSL Driveline Systems. As per MCA filings, the company has open charges of ₹160 Cr and satisfied charges of ₹77.3 Cr on record. Court records list 62 cases involving the company, including 34 filed by the company and 28 filed against it; 6 cases are pending. The company has 16 deals on record (16 secondary share transfers); the latest was in March 2024. The company has 28 MSME Form 1 returns on record between 2019 and 2024, listing 6,376 overdue payments to 117 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website msldriveline.com.
Company details
CIN history
MSL Driveline Systems has one previous CIN (Corporate Identification Number): U30007MH1994PTC081637. The current CIN is U30007MH1994PLC081637, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007MH1994PLC081637 | Current |
| U30007MH1994PTC081637 | Previous |
Contact details
MSL Driveline Systems Limited's registered office is in Mumbai, Maharashtra. Its website is msldriveline.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 1506 15th Floor One BKC Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of MSL Driveline Systems 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
Brands
MSL Driveline Systems operates one associated brand: MSL Driveline Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures automotive driveline components for OEMs and aftermarket worldwide. | msldriveline.com |
Business activity
The main business activity of MSL Driveline Systems 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 MSL Driveline Systems Limited, buy the company report.
Financials of MSL Driveline Systems Limited
FY 2025 filings availableMSL Driveline Systems Limited reported revenue of ₹851.69 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 3% growth 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 | ₹99.32 Cr | ||||
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| Net Profit (PAT) | ₹60.32 Cr | ||||
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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 | 11.7% | ||||
| Net Profit Margin | 7.1% | ||||
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To see the full financial statements and ratios of MSL Driveline Systems Limited, buy the company report.
Board of directors of MSL Driveline Systems Limited
MSL Driveline Systems has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhushan Shridhar Patwardhan | Whole-Time Director | 31 May 2023 | 3 Years 4 Months | Current |
| Satpal Khattar | Director | 26 Oct 2005 | 20 Years 11 Months | Current |
| Nikhilesh Natwarlal Panchal Also directs: Ashoka Buildcon Limited, Swaraj Engines Ltd, Mahindra Last Mile Mobility Limited and 5 more | Director | 13 Feb 2017 | 9 Years 8 Months | Current |
| Superna Gaurav Motwane Also directs: Apricot Mediacontent Services Private Limited, Atera Resources Private Limited, Motwane Consultancy Private Limited and 2 more | Director | 10 May 2015 | 11 Years 5 Months | Current |
| Kaval Gulu Mirchandani Also directs: Onida Electronics Limited, Iwai Electronics Pvt Ltd, Gulita Wealth Advisors Private Limited and 2 more | Director | 26 Oct 2021 | 4 Years 11 Months | Current |
| Gaurav Girdhar Motwane | Managing Director | 01 Apr 2006 | 20 Years 6 Months | Current |
Auditor
MSL Driveline Systems Limited is audited by S R BATLIBOI AND CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI AND CO. LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of MSL Driveline Systems 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 MSL Driveline Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2024 | 101007794 | Others | ₹40 Cr | Open | |
| 03 Jan 2019 | 100231067 | Citi Bank N.A. | ₹50 Cr | Open | |
| 23 Oct 2013 | 10458974 | Others | ₹70 Cr | Open | |
| 02 Jan 2022 | 100527563 | Citi Bank N.A. | ₹12.7 Cr | Satisfied | |
| 12 Feb 2016 | 10625027 | Icici Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of MSL Driveline Systems Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
MSL Driveline Systems Limited has 16 deals on record (16 secondary share transfers); the latest was in March 2024.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: SKM Family Trust, Atera Resources Private Limited , Khattar Holdings Private Limited |
| Oct 2022 | Secondary share transfer | Undisclosed | Seller: SKM Family Trust, Atera Resources Private Limited , Khattar Holdings Private Limited |
| Sep 2021 | Secondary share transfer | Undisclosed | Seller: SKM Family Trust, Atera Resources Private Limited , Khattar Holdings Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Suashish Diamonds Limited Seller: an individual |
| Nov 2019 | Secondary share transfer | Undisclosed | Seller: Atera Resources Private Limited , Khattar Holdings Private Limited, 2 individuals |
To see the full deal history of MSL Driveline Systems 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
MSL Driveline Systems Limited has 62 court cases on record: 34 filed by MSL Driveline Systems, 28 filed against it. 6 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 23 | 1 |
| High courts | 19 | 5 | 5 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Prime Movers Auto Associates Private Limited | Pending |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (ARA) | Filed by the company against M/S. Kshitij Enterprises THR. Propritor Mr. C.B. Sahasrabuddhe | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against M/S. Kshitij Enterprises THR. Propritor Mr. C.B. Sahasrabuddhe | Pending |
To see the full case history of MSL Driveline Systems 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
MSL Driveline Systems Limited was last rated by Icra on 04 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Oct 2021 |
To see the full credit ratings and regulatory alerts of MSL Driveline Systems Limited, buy the company report.
MSME payment delays
MSL Driveline Systems Limited has 28 MSME Form 1 returns on record between 2019 and 2024, listing 6,376 overdue payments to 117 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 117)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kross International | |||
| Karmyog Engineers Private Limited | |||
| Puja Fluid Seals Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of MSL Driveline Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
MSL Driveline Systems has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MSL Electric Vehicle Technologies Private Limited | U31200MH2021PTC367476 |
To see the full group structure of MSL Driveline Systems Limited, buy the company report.
Employees & EPFO
MSL Driveline Systems Limited has a workforce of 711 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
MSL Driveline Systems has 9 GST registrations: 6 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3524A1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACM3524A2Z2 | Maharashtra | Active | 25 Mar 2025 |
| 23AAACM3524A1ZB | Madhya Pradesh | Active | 01 Jul 2017 |
| 33AAACM3524A1ZA | Tamil Nadu | Active | 06 Apr 2018 |
To see the full GST registrations and return filing status of MSL Driveline Systems Limited, buy the company report.
Recent activity
MSL Driveline Systems Limited has 27 board changes on record since 2005: 8 appointments and 19 cessations. The latest: Bhushan Shridhar Patwardhan ceased to be Additional Director on 28 Sep 2023.
33 earlier events are in the company report.
Frequently asked questions
MSL Driveline Systems is an active public limited company based in Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 30 September 1994 (32+ years old) and is registered under CIN U30007MH1994PLC081637.
MSL Driveline Systems has 8 current directors:
- Gaurav Girdhar Motwane - Managing Director
- Bhushan Shridhar Patwardhan - Whole-Time Director
- Satpal Khattar - Director
- Nikhilesh Natwarlal Panchal - Director
- Superna Gaurav Motwane - Director
- Kaval Gulu Mirchandani - Director
- Manish Mahendra Choksi - Director
- Mahendra Ganpat Salunke - Nodal Officer
The latest financial statements of MSL Driveline Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MSL Driveline Systems is 27AAACM3524A1Z3, registered in Maharashtra. The company has 9 GST registrations in all, of which 6 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACM3524A2Z2 (Maharashtra), 23AAACM3524A1ZB (Madhya Pradesh), 33AAACM3524A1ZA (Tamil Nadu).
The CIN (Corporate Identification Number) of MSL Driveline Systems is U30007MH1994PLC081637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MSL Driveline Systems has 62 court cases on record: 34 filed by the company and 28 filed against it. 6 are pending. Most are in the district courts.
MSL Driveline Systems was incorporated on 30 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
MSL Driveline Systems has 16 deals on record (16 secondary share transfers); the latest was in March 2024.
Bhushan Shridhar Patwardhan ceased to be Additional Director on 28 Sep 2023. Bhushan Shridhar Patwardhan was appointed as Whole-Time Director on 31 May 2023. Kaval Gulu Mirchandani ceased to be Additional Director on 27 Sep 2022. MSL Driveline Systems has 27 board changes on record in total.
MSL Driveline Systems has 28 MSME Form 1 returns on record between 2019 and 2024, listing 6,376 overdue payments to 117 micro and small suppliers. The latest return was filed on 24 Apr 2024.
MSL Driveline Systems can be reached through the website msldriveline.com. Its registered office is in Mumbai, Maharashtra, India.