About MTC Business Private Limited
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MTC Business Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 21 December 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH2000PTC130172. Its GSTIN is 27AACCM4795M1ZT (Maharashtra). The company holds 31 GST registrations, of which 28 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹10.69 Cr. It is led by directors including Narendra Maganlal Mehta (Managing Director) and Lalit Indarchand Baliya.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 401 4th Floor Navkar Commercial Complex Sir M.V.Road Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,199.05 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹51.38 Lakh (net margin 0%) and EBITDA of ₹125.73 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
The company has about 463 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 2 joint ventures.
The company is associated with 1 brand: MTC Group. As per MCA filings, the company has open charges of ₹2,081.14 Cr and satisfied charges of ₹2,335.74 Cr on record. Court records list 299 cases involving the company, including 169 filed by the company and 130 filed against it; 49 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹537.87 Cr; the latest was in December 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mtcgroup.in.
Company details
Contact details
MTC Business Private Limited's registered office is in Mumbai, Maharashtra. Its website is mtcgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address401 4th Floor Navkar Commercial Complex Sir M.V.Road Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of MTC Business Private 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
MTC Business operates one associated brand: MTC Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Trading and manufacturing of metals and related products are conducted. | mtcgroup.in |
Financials of MTC Business Private Limited
FY 2025 filings availableMTC Business Private Limited reported revenue of ₹4,199.05 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over three years, including 15% growth in the latest year. EBITDA fell 15% 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 | |||||
| Total Revenue | ₹4,199.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹125.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹51.38 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 MTC Business Private Limited, buy the company report.
Board of directors of MTC Business Private Limited
MTC Business has 11 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Indarchand Baliya | Director | 03 Mar 2007 | 19 Years 8 Months | Current |
| Sachin Bherumal Rathod Also directs: MTC Recycling Private Limited | Additional Director | 10 Dec 2024 | 1 Years 10 Months | Current |
| Yash Narendra Mehta Also directs: M S Metals and Steels Private Limited, MTC Recycling Private Limited, MTC Projects Private Limited and 4 more | Director | 03 Dec 2021 | 4 Years 11 Months | Current |
| Sanjay Maganlal Mehta Also directs: Madhuban Property and Realty LLP, M S Metals and Steels Private Limited, MTC Steel Alloys Private Limited and 4 more | Director | 02 Apr 2001 | 25 Years 7 Months | Current |
| Anil Bastimal Jain Also directs: Sona Alloys Private Limited | Director | 03 Aug 2021 | 5 Years 3 Months | Current |
| Ayush Narendra Mehta | Additional Director | 10 Dec 2024 | 1 Years 10 Months | Current |
Auditor
MTC Business Private Limited is audited by M/s. A. T. Jain & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. A. T. Jain & Co. | FY 2025 | 103886W |
Shareholding
The shareholding of MTC Business Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MTC Business Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2025 | 101143564 | Others | ₹160 Cr | Open | |
| 12 Mar 2025 | 101066254 | Others | ₹50 Cr | Open | |
| 21 Feb 2025 | 101051051 | Others | ₹1,688.64 Cr | Open | |
| 30 Oct 2024 | 101005223 | Others | ₹150 Cr | Open | |
| 18 Jun 2024 | 100959579 | Others | ₹2.5 Cr | Open |
To see the full charge records of MTC Business Private Limited, buy the company report.
Total charge records: 54 View all charges
Deals & funding
MTC Business Private Limited has 4 deals on record (2 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹537.87 Cr; the latest was in December 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Funding round | ₹507.87 Cr | Investors: Mitsui & Co Asia Pacific Pte Limited |
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2022 | Debt financing | ₹30 Cr | Investors: EAAA India Alternatives (Edelweiss Alternatives) |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MTC Business Private Limited has 299 court cases on record: 169 filed by MTC Business, 130 filed against it. 49 cases are pending and 250 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 235 | 113 | 39 |
| High courts | 60 | 13 | 9 |
| NCLT | 2 | 2 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 299)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI BAIL APPLN) | Filed against the company by M/S Bharat Parabolic Springs Pvt Ltd and Another Two in Appeal ___/26, Ma 1117/206, Ma 1118/26 | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by M/S Bharat Parabolic Springs Pvt Ltd and Another Two in Appeal ___/26, Ma 1117/206, Ba 1580/26 | Pending |
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed by the company against Pressmach Engineers Pvt. Ltd. Now Kown As Greenocare Engg. Pvt. Ltd. and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Ms Deltran Diesels Engineering Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Bharat Parabolic Springs Pvt Ltd and 1 other | Pending |
To see the full case history of MTC Business 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
MTC Business Private Limited was last rated by Care on 25 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 25 Mar 2022 |
To see the full credit ratings and regulatory alerts of MTC Business Private Limited, buy the company report.
MSME payment delays
MTC Business Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 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 |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of MTC Business Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
MTC Business has 2 subsidiary companies and 2 joint ventures. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MTC Steel Alloys Private Limited | U27320MH2020PTC344845 | |
| MTC Projects Private Limited | U27320MH2020PTC352033 |
To see the full group structure of MTC Business Private Limited, buy the company report.
Employees & EPFO
MTC Business Private Limited has a workforce of 463 employees on its EPFO records as of Sep 22, 2025, across 4 active EPFO establishments.
GST
MTC Business has 31 GST registrations: 28 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM4795M1ZT | Maharashtra | Active | 01 Jul 2017 |
| 27AACCM4795M2ZS | Maharashtra | Active | 01 Apr 2021 |
| 27AACCM4795M1D2 | Maharashtra | Active | 24 Oct 2024 |
| 05AACCM4795M1ZZ | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MTC Business Private Limited, buy the company report.
Recent activity
MTC Business Private Limited has 17 board changes on record since 2000: 11 appointments and 6 cessations. The latest: Ayush Narendra Mehta was appointed as Additional Director on 10 Dec 2024.
126 earlier events are in the company report.
Frequently asked questions
MTC Business is an active private limited company based in Mumbai, Maharashtra, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 21 December 2000 (26+ years old) and is registered under CIN U51420MH2000PTC130172.
MTC Business has 11 current directors:
- Narendra Maganlal Mehta - Managing Director
- Lalit Indarchand Baliya - Director
- Sachin Bherumal Rathod - Additional Director
- Yash Narendra Mehta - Director
- Sanjay Maganlal Mehta - Director
- Anil Bastimal Jain - Director
- Ayush Narendra Mehta - Additional Director
- Sunil Vijay Dave - Additional Director
- Kenji Goto - Additional Director
- Masato Goto - Additional Director
- Manoj Maganlal Mehta - Additional Director
The latest financial statements of MTC Business on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MTC Business is 27AACCM4795M1ZT, registered in Maharashtra. The company has 31 GST registrations in all, of which 28 are active and 3 are cancelled or inactive. Other active GSTINs include 27AACCM4795M2ZS (Maharashtra), 27AACCM4795M1D2 (Maharashtra), 05AACCM4795M1ZZ (Uttarakhand).
The CIN (Corporate Identification Number) of MTC Business is U51420MH2000PTC130172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MTC Business has 299 court cases on record: 169 filed by the company and 130 filed against it. 49 are pending. Most are in the district courts.
MTC Business was incorporated on 21 December 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
MTC Business has 4 deals on record (2 secondary share transfers, 1 debt financing, 1 funding round), with disclosed funding of ₹537.87 Cr; the latest was in December 2024.
Ayush Narendra Mehta was appointed as Additional Director on 10 Dec 2024. Kenji Goto was appointed as Additional Director on 10 Dec 2024. Manoj Maganlal Mehta was appointed as Additional Director on 10 Dec 2024. MTC Business has 17 board changes on record in total.
MTC Business has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 01 Aug 2019.
MTC Business can be reached through the website mtcgroup.in. Its registered office is in Mumbai, Maharashtra, India.
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