MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-MH-26-0000259
M-Tech Innovations Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹83.62 Cr
▼ 21% YoY
Net profit · FY 2025
₹20.33 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹8.34 Cr
EBITDA margin 10%
Authorised capital
₹9.75 Cr
Registered with MCA
Paid-up capital
₹7.34 Cr
Issued & subscribed
Open charges
₹86.92 Cr
Satisfied ₹45.32 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
708
Provident fund records
About M-Tech Innovations Limited
Data last updated:
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 47 cases involving the company, including 25 filed by the company and 22 filed against it; 11 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. The company has 8 MSME Form 1 returns on record between 2019 and 2022, listing 100 overdue payments to 26 micro and small suppliers.
M-Tech Innovations Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0000259). 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.
Company details
CIN U45402PN1992PLC065521
Registration Number 065521
Incorporation Date 20 February 1992
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0000259
Name history
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
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 |
Key People
Vijaykumar Milapchand Gandhi Managing Director Sanjay Milapchand Gandhi Director Sudha Bhushan Director Recognitions & Rankings of M-Tech Innovations
Contact details
M-Tech Innovations Limited's registered office is in Pune, Maharashtra. Its website is m-techindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of M-Tech Innovations Limited, buy the company report.
Comprehensive company report
M-Tech Innovations 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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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of M-Tech Innovations Limited, buy the company report.
Financials of M-Tech Innovations Limited
FY 2025 filings availableM-Tech Innovations Limited reported revenue of ₹83.62 Cr (down 21% YoY) for FY 2025.
Revenue · FY 2025
₹83.62 Cr ▼ 21%
Net profit · FY 2025
₹20.33 Lakh margin 0.2%
EBITDA · FY 2025
₹8.34 Cr margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 5%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 41%
3 years · compounded
▼ 20%
5 years · compounded
▼ 6%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹8.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.33 Lakh | ||||
| Balance Sheet | |||||
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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 | 10% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of M-Tech Innovations Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Milapchand Gandhi | Director | 18 Feb 2017 | 9 Years 8 Months | Current |
| Vijaykumar Milapchand Gandhi Also directs: Card Manufacturers' Association of India | Managing Director | 20 Feb 1992 | 34 Years 8 Months | Current |
| Sudha Bhushan | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
| Swapnil Vinod Gandhi | Director | 18 Feb 2017 | 9 Years 8 Months | Current |
| Rajkumar Milapchand Gandhi Also directs: Card Manufacturers' Association of India | Director | 06 Aug 2019 | 7 Years 2 Months | Current |
Shareholding
The shareholding of M-Tech Innovations 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of M-Tech Innovations Limited, buy the company report.
Charges & borrowings
Open charges
₹86.92 Cr
Satisfied charges
₹45.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2025 | 101190363 | Hdfc Bank Limited | ₹14.5 Cr | Open | |
| 25 Sep 2025 | 101171781 | Others | ₹1.77 Cr | Open | |
| 19 Jun 2024 | 100941020 | Sidbi | ₹1.78 Cr | Open | |
| 29 Feb 2024 | 100899311 | Others | ₹2.25 Cr | Open | |
| 29 Feb 2024 | 100899337 | Others | ₹2.82 Cr | Open |
To see the full charge records of M-Tech Innovations Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
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.
Total deals
2
Funding rounds
2
Disclosed funding
₹4.54 Cr
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
M-Tech Innovations Limited has 47 court cases on record: 25 filed by M-Tech Innovations, 22 filed against it. 11 cases are pending and 36 are disposed.
Total cases
47
Filed by the company
25
Filed against the company
22
Pending
11
Disposed
36
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 9 | 5 |
| District courts | 15 | 8 | 3 |
| Supreme Court | 7 | 5 | 3 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Rosmerta Technologies Limited | Pending |
| Supreme Court | Court case (4602-Tenders/licenses/leases : Tenders/licenses/leases invited by the State Governments/ local bodies/ State public sector undertakings,including cancellation/award of tenders.) | Filed by the company against Rosmerta Technologies Ltd. Through Authorized Representative Ashish Kumar Tiwari Through Authorized Representative Ashish Kumar Tiwari 137, Udyog Vihar, Phase I, Gurgaon , District: Gurgaon ,Gurgaon , Haryana and 2 others | Pending |
| District court, Hooghly, West Bengal | Criminal complaint | Filed by the company against Ms. Sit Solutions Private Limited | Pending |
| High Court of Rajasthan | Arbitration matter | Filed by the company against Rajcomp Info Services Limited, | Disposed |
| Supreme Court | Court case (4203-MATTERS RELATING TO LEASES, GOVT. CONTRACTS & CONTRACTS BY LOCAL BODIES : Tenders invited or contracts awarded/leases granted or determined by State Governments / Union Territories) | Filed by the company against M/S M.C.T Cards and Technology Pvt. Ltd. Through Its Secretary Industrial Area, Manipal , District: . , , Karnataka and 6 others | Disposed |
To see the full case history of M-Tech Innovations 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
M-Tech Innovations Limited was last rated by Crisil on 10 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Aug 2020 |
To see the full credit ratings and regulatory alerts of M-Tech Innovations Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of M-Tech Innovations Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
M-Tech Innovations Limited has a workforce of 708 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
708
Active EPFO establishments
1
Employee growth
11.32%
GST
M-Tech Innovations has 14 GST registrations: 12 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
14
Active
12
Cancelled / inactive
2
| 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 |
To see the full GST registrations and return filing status of M-Tech Innovations Limited, buy the company report.
Recent activity
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.
Charges
A charge with Others of Rs. 1.77 Cr registered on 25 Sep 2025 with Charge ID 101171781 was modified on 09 Dec 2025.
Charges
A charge with Others of Rs. 24.00 Cr registered on 29 Feb 2024 with Charge ID 100899343 was modified on 09 Dec 2025.
Charges
A charge registered on 29 Feb 2024 via Charge ID 100899328 with Others was fully satisfied on 03 Dec 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.50 Cr with Charge ID 101190363 was registered on 06 Nov 2025.
Charges
A charge registered on 13 Nov 2023 via Charge ID 100821729 with Others was fully satisfied on 30 Oct 2025.
AGM
M-Tech Innovations 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. 1.77 Cr with Charge ID 101171781 was registered on 25 Sep 2025.
Charges
A charge registered on 12 Apr 2019 via Charge ID 100257567 with Others was fully satisfied on 21 Aug 2025.
Charges
A charge registered on 26 Feb 2018 via Charge ID 100161134 with Others was fully satisfied on 21 Aug 2025.
Charges
A charge with Others of Rs. 6.00 Cr registered on 15 Nov 2018 with Charge ID 100235313 was modified on 29 May 2025.
Filing
M-Tech Innovations Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge registered on 21 Feb 2018 via Charge ID 100165204 with Others was fully satisfied on 13 Mar 2025.
87 earlier events are in the company report.
Frequently asked questions
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 has 5 current directors:
- Vijaykumar Milapchand Gandhi - Managing Director
- Sanjay Milapchand Gandhi - Director
- Sudha Bhushan - Director
- Swapnil Vinod Gandhi - Director
- Rajkumar Milapchand Gandhi - Director
The latest financial statements of M-Tech Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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 47 court cases on record: 25 filed by the company and 22 filed against it. 11 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.
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.
Yes, M-Tech Innovations is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0000259).
M-Tech Innovations has 8 MSME Form 1 returns on record between 2019 and 2022, listing 100 overdue payments to 26 micro and small suppliers. The latest return was filed on 30 Apr 2022.