About M-Tech Innovations Limited
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M-Tech Innovations Limited is a public limited company based in Pune, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 20 February 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45402PN1992PLC065521. Its GSTIN is 04AADCM8512F1ZS (Chandigarh). The company holds 14 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹9.75 Cr and a paid-up capital of ₹7.34 Cr. It was formerly known as Mahavir Decorative Products Private Limited and M-Tech Innovations Private Limited. It is led by directors including Vijaykumar Milapchand Gandhi (Managing Director) and Sanjay Milapchand Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. P – 1/2 Rajiv Gandhi Infotech Park Phase – I Hinjewadi Pune, Maharashtra, India – 411057.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.62 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹20.33 Lakh (net margin 0.2%) and EBITDA of ₹8.34 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 708 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: M-Tech Innovations. As per MCA filings, the company has open charges of ₹86.92 Cr and satisfied charges of ₹45.32 Cr on record. Court records list 41 cases involving the company, including 24 filed by the company and 10 filed against it; 9 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.54 Cr; the latest was in January 2008. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Tecniqua India Private Limited with revenue of ₹88.57 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2022, listing 100 overdue payments to 26 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 m-techindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. P – 1/2 Rajiv Gandhi Infotech Park Phase – I Hinjewadi Pune, Maharashtra, India – 411057
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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
Business Activity of M-Tech Innovations Limited
The main business activities of M-Tech Innovations are manufacturing and information and communication. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and publishing of computer operating systems, system software, application software, games, etc.. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of M-Tech Innovations Limited FY 2025 filings available
M-Tech Innovations Limited reported revenue of ₹83.62 Cr (down 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of M-Tech Innovations Limited
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 41% 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 M-Tech Innovations 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 | ₹8.34 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.33 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 M-Tech Innovations Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 M-Tech Innovations 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 M-Tech Innovations Limited
M-Tech Innovations Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tecniqua India Private Limited | ₹88.57 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Noida, Uttar Pradesh, India |
| Sun Data Processing Private Limited | ₹88.02 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Vasai, Maharashtra, India |
| Ajitek Tech Solutions Private Limited | ₹87.4 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
| Neo Power Electronics and Projects Private Limited | ₹87.14 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Thane, Maharashtra, India |
| Advance-Tech Controls Private Limited | ₹86.15 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Vadodara, Gujarat, India |
| M-Tech Innovations Limited this company | ₹83.62 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Pune, Maharashtra, India |
| Creaton Corporation Private Limited | ₹83.35 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Delhi, India |
| Luxshare India Private Limited | ₹83.16 Cr (FY 2025) | •••• | •••• | 274.0% | •••• | Tamil Nadu, India |
| Sahasra Electronics Private Limited | ₹82.22 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | New Delhi, Delhi, India |
| Watts Electronics Pvt Ltd | ₹82.06 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Ernakulam, Kerala, India |
| Fori Automation India Private Limited | ₹81.94 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below M-Tech Innovations by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 M-Tech Innovations Limited
Auditor information for M-Tech Innovations Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of M-Tech Innovations Limited
M-Tech Innovations has 5 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Milapchand Gandhi | Director | 18 Feb 2017 | 9 Years 7 Months | Current |
| Vijaykumar Milapchand Gandhi Also directs: Card Manufacturers' Association of India | Managing Director | 20 Feb 1992 | 34 Years 7 Months | Current |
| Sudha Bhushan | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
| Swapnil Vinod Gandhi | Director | 18 Feb 2017 | 9 Years 7 Months | Current |
| Rajkumar Milapchand Gandhi Also directs: Card Manufacturers' Association of India | Director | 06 Aug 2019 | 7 Years 2 Months | Current |
Ownership and Shareholding of M-Tech Innovations 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 M-Tech Innovations Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Nov 2025 | Hdfc Bank Limited | ₹14.5 Cr | Open |
| 25 Sep 2025 | Others | ₹1.77 Cr | Open |
| 19 Jun 2024 | Sidbi | ₹1.78 Cr | Open |
| 29 Feb 2024 | Others | ₹2.25 Cr | Open |
| 29 Feb 2024 | Others | ₹2.82 Cr | Open |
Total charge records: 34 View all charges
Deals & Funding of M-Tech Innovations Limited
M-Tech Innovations Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.54 Cr; the latest was in January 2008.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2008 | Funding round | Undisclosed | Investors: Mumbai Angels |
| Mar 2007 | Funding round | ₹4.54 Cr | Investors: Canbank Ventures |
Full deal history
All 2 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 M-Tech Innovations Limited
M-Tech Innovations Limited has 41 court cases on record: 24 filed by M-Tech Innovations, 10 filed against it, 7 where it is another party. 9 cases are pending and 32 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 2 | 5 |
| District courts | 15 | 7 | 3 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hooghly, West Bengal | Criminal complaint | Filed by the company against Sit Solutions Private Limited | Pending |
| Supreme Court | Special leave petition | Filed against the company by Rosmerta Technologies Limited | Pending |
| High Court of Rajasthan | Arbitration matter | Filed by the company against Rajcomp Info Services Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Canara Bank Limited | Disposed |
| District court, UDUPI, Karnataka | Civil suit | Filed against the company by Manipal Technologies Limited | Disposed |
Full case history
All 41 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.
MSME Payment Delays by M-Tech Innovations Limited
M-Tech Innovations Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 100 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Mohan Care Packaging Private Limited | •••• | •••• | •••• |
| Radhe Print Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with M-Tech Innovations Limited
M-Tech Innovations operates one associated brand: M-Tech Innovations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smart cards, RFID systems, and automotive HMI components are manufactured. | m-techindia.com |
Employees and EPFO Compliance at M-Tech Innovations Limited
M-Tech Innovations Limited has a workforce of 708 employees as of Apr 06, 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.
Name History of M-Tech Innovations Limited
M-Tech Innovations has undergone 2 name changes throughout its history. The company was previously known as Mahavir Decorative Products Private Limited, and M-Tech Innovations Private Limited. The current legal name is M-Tech Innovations Limited.
| Company Name | Status |
|---|---|
| M-Tech Innovations Limited | Current |
| Mahavir Decorative Products Private Limited | Previous |
| M-Tech Innovations Private Limited | Previous |
CIN History of M-Tech Innovations Limited
M-Tech Innovations has one previous CIN (Corporate Identification Number): U45402MH1992PLC065521. The current CIN is U45402PN1992PLC065521, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45402PN1992PLC065521 | Current |
| U45402MH1992PLC065521 | Previous |
News related to M-Tech Innovations Limited
Recent Activity on M-Tech Innovations Limited
M-Tech Innovations Limited has 28 board changes on record since 1992: 5 appointments and 23 cessations. The latest: Sudha Bhushan ceased to be Additional Director on 29 Sep 2024.
87 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for M-Tech Innovations 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.
Subsidiaries & Group Companies of M-Tech Innovations 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 M-Tech Innovations Limited
M-Tech Innovations has 14 GST registrations: 12 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AADCM8512F1ZS | Chandigarh | Active | 01 Jul 2017 |
| 08AADCM8512F1ZK | Rajasthan | Active | 01 Jul 2017 |
| 09AADCM8512F1ZI | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AADCM8512F1ZK | Maharashtra | 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 M-Tech Innovations 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 M-Tech Innovations Limited
M-Tech Innovations is an active public limited company based in Pune, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 20 February 1992 (34+ years old) and is registered under CIN U45402PN1992PLC065521.
M-Tech Innovations reported revenue of ₹83.62 Cr for FY 2025 (down 21% YoY).
M-Tech Innovations has 5 current directors:
- Vijaykumar Milapchand Gandhi - Managing Director
- Sanjay Milapchand Gandhi - Director
- Sudha Bhushan - Director
- Swapnil Vinod Gandhi - Director
- Rajkumar Milapchand Gandhi - Director
M-Tech Innovations reported a net profit of ₹20.33 Lakh (net margin 0.2%) and EBITDA of ₹8.34 Cr (EBITDA margin 10%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of M-Tech Innovations is -5% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of M-Tech Innovations is 04AADCM8512F1ZS, registered in Chandigarh. The company has 14 GST registrations in all, of which 12 are active and 2 are cancelled or inactive. Other active GSTINs include 08AADCM8512F1ZK (Rajasthan), 09AADCM8512F1ZI (Uttar Pradesh), 27AADCM8512F1ZK (Maharashtra).
The CIN (Corporate Identification Number) of M-Tech Innovations is U45402PN1992PLC065521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M-Tech Innovations has 41 court cases on record: 24 filed by the company and 10 filed against it. 9 are pending. Most are in the high courts.
M-Tech Innovations was incorporated on 20 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Pune.
M-Tech Innovations has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.54 Cr; the latest was in January 2008.
The peers of M-Tech Innovations by revenue are Tecniqua India Private Limited, Sun Data Processing Private Limited, Ajitek Tech Solutions Private Limited, Neo Power Electronics and Projects Private Limited, Advance-Tech Controls Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Sudha Bhushan ceased to be Additional Director on 29 Sep 2024. Sudha Bhushan was appointed as Director on 04 Sep 2024. Puneet Kumar Sharma ceased to be Nominee Director on 17 Aug 2024. M-Tech Innovations has 28 board changes on record in total.