MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0015540
Muhavra Enterprises Private Limited - agriculture in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹332.7 Cr
▲ 50% YoY
Net loss · FY 2025
₹50.19 Cr
Net margin -15.1%
EBITDA · FY 2025
-₹4.19 Cr
EBITDA margin -1.3%
Authorised capital
₹4.29 Cr
Registered with MCA
Paid-up capital
₹2.8 Cr
Issued & subscribed
Open charges
₹92 Cr
Satisfied ₹67.94 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
2,059
Provident fund records
About Muhavra Enterprises Private Limited
Data last updated:
Muhavra Enterprises Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the tea and coffee processing segment of the agriculture sector. It was incorporated on 26 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15492HR2012PTC047234. Its GSTIN is 06AAICM1839L1Z6 (Haryana). The company holds 21 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹4.29 Cr and a paid-up capital of ₹2.8 Cr. It is led by directors including Shivam Shahi and Matthew Joseph Chitharanjan.
Its last annual general meeting (AGM) was held on 02 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sector 20, Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹332.7 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net loss of ₹50.19 Cr (net margin -15.1%) and EBITDA of -₹4.19 Cr (EBITDA margin -1.3%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 52% over five years.
The company has about 2,059 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: Blue Tokai Coffee Roasters. As per MCA filings, the company has open charges of ₹92 Cr and satisfied charges of ₹67.94 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it. The company has 29 deals on record (14 secondary share transfers, 12 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹754.39 Cr; the latest was in June 2026. Its 4 peer companies in the Agriculture industry (Tea and Coffee), with the same principal business activity (wholesale trading) are compared by revenue, 4 smaller; the largest is Vikrma Impex Pvt Ltd with revenue of ₹324.82 Cr. The company has 12 MSME Form 1 returns on record between 2018 and 2022, listing 301 overdue payments to 22 micro and small suppliers.
Muhavra Enterprises Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0015540). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluetokaicoffee.com.
Company details
CIN U15492HR2012PTC047234
Registration Number 047234
Incorporation Date 26 September 2012
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 02 December 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0015540
Recognitions & Rankings of Muhavra Enterprises
Contact details
Muhavra Enterprises Private Limited's registered office is in Gurgaon, Haryana. Its website is bluetokaicoffee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 320 Phase II, Udyog Vihar Sector 20, Gurgaon, Haryana, India – 122008
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Muhavra Enterprises Private Limited, buy the company report.
Comprehensive company report
Muhavra Enterprises Private 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
Muhavra Enterprises operates one associated brand: Blue Tokai Coffee Roasters. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Subscription-based coffee products are offered by an internet-first brand. | bluetokaicoffee.com |
Business activity
The main business activity of Muhavra Enterprises is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Muhavra Enterprises Private Limited, buy the company report.
Financials of Muhavra Enterprises Private Limited
FY 2025 filings availableMuhavra Enterprises Private Limited reported revenue of ₹332.7 Cr (up 50% YoY) for FY 2025.
Revenue · FY 2025
₹332.7 Cr ▲ 50%
Net loss · FY 2025
₹50.19 Cr margin -15.1%
EBITDA · FY 2025
-₹4.19 Cr margin -1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 64%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▲ 90%
3 years · compounded
▲ 18%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 50% growth in the latest year. EBITDA rose 90% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹50.19 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | ||||
| Net Profit Margin | -15.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Muhavra Enterprises Private Limited, buy the company report.
Board of directors of Muhavra Enterprises Private Limited
Muhavra Enterprises has 9 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivam Shahi Also directs: SS Unicorns LLP, Peerplus Consulting LLP | Director | 18 Dec 2022 | 3 Years 10 Months | Current |
| Matthew Joseph Chitharanjan | Director | 26 Sep 2012 | 14 Years 1 Months | Current |
| Namrata Asthana | Director | 26 Sep 2012 | 14 Years 1 Months | Current |
| Christopher Leigh Kolenaty Also directs: Cephalopod Teknik-Ii LLP, Snow Leopard Lever Boost LLP, Snow Leopard Infrastructure-1 LLP and 5 more | Director | 02 Jun 2015 | 11 Years 5 Months | Current |
| Prasun Agarwal Also directs: Akshayakalpa Farms and Foods Private Limited, Indiejewel Fashions Private Limited, Damensch Apparel Private Limited and 1 more | Director | 13 Jan 2023 | 3 Years 9 Months | Current |
| Abhay Kumar Pandey Also directs: 4Point9 Capital Advisors LLP, Ashoka91 Sponsor LLP, Ashoka91 International LLP and 5 more | Director | 13 Jan 2023 | 3 Years 9 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Muhavra Enterprises Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Tea and Coffee), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Muhavra Enterprises Private Limitedthis company | ₹332.7 Cr (FY 2025) | -₹50.19 Cr | -15.1% | 50.0% | 2,059 | Gurgaon, Haryana, India |
| Vikrma Impex Pvt Ltd | ₹324.82 Cr (FY 2025) | 19.0% | Kolkata, West Bengal, India | |||
| Balaji Agro Private Limited | ₹317.22 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Jivraj Tea Limited | ₹293.57 Cr (FY 2024) | 3.0% | Surat, Gujarat, India | |||
| Asian Tea Company Private Limited | ₹286.18 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Muhavra Enterprises Private Limited, buy the company report.
Auditor
Muhavra Enterprises Private Limited is audited by VINOD KUMAR & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD KUMAR & ASSOCIATES | FY 2024 | 002304N |
Shareholding
The shareholding of Muhavra Enterprises Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Muhavra Enterprises Private Limited, buy the company report.
Charges & borrowings
Open charges
₹92 Cr
Satisfied charges
₹67.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2025 | 101073895 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 01 Aug 2024 | 100965228 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 16 Aug 2022 | 100664815 | Hdfc Bank Limited | ₹65 Cr | Open | |
| 24 May 2021 | 100452556 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 07 Aug 2023 | 100772533 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Muhavra Enterprises Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Muhavra Enterprises Private Limited has 29 deals on record (14 secondary share transfers, 12 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹754.39 Cr; the latest was in June 2026.
Total deals
29
Secondary share transfers
14
Funding rounds
12
Convertible or debt financings
3
Disclosed funding
₹754.39 Cr
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Funding round · Series D | ₹140.37 Cr | Investors: Verlinvest, Anicut Capital, 12 Flags |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Alliance Pro IT Private Limited , Gripset Asset XLV LLP , 2 individuals Seller: KCT Family Office (Eraya Capital), Xpanse Network LLP , 2 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Negen Capital Services Private Limited Seller: Xpanse Network LLP , an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Negen Capital Services Private Limited Seller: Secret Supper Project Private Limited |
| Feb 2023 | Funding round · Series C | ₹109.33 Cr | Investors: A91 Partners, DSP Family Office, Perrin Advisors LLP |
To see the full deal history of Muhavra Enterprises Private 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
Muhavra Enterprises Private Limited has 8 court cases on record: 2 filed by Muhavra Enterprises, 6 filed against it. All cases are disposed.
Total cases
8
Filed by the company
2
Filed against the company
6
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, Chandigarh | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by L.A G/South/ Ward (Health Department) | Disposed |
| District court, South West, Delhi | Civil suit | Filed against the company by State | Disposed |
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Muhavra Enterprises 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.
MSME payment delays
Muhavra Enterprises Private Limited has 12 MSME Form 1 returns on record between 2018 and 2022, listing 301 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Criticalog India Private Limited | |||
| an individual supplier | |||
| A.V Techno Soft India Private Limited | |||
| an individual supplier | |||
| DKM Online Private Limited |
To see the full MSME payment records of Muhavra Enterprises Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Muhavra Enterprises has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Gac Enterprises Private Limited | U15400HR2020PTC091370 |
To see the full group structure of Muhavra Enterprises Private Limited, buy the company report.
Employees & EPFO
Muhavra Enterprises Private Limited has a workforce of 2,059 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.
Employee count
2,059
Active EPFO establishments
1
Employee growth
55.98%
GST
Muhavra Enterprises has 21 GST registrations: 19 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
21
Active
19
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAICM1839L1Z6 | Haryana | Active | 01 Jul 2017 |
| 06AAICM1839L2Z5 | Haryana | Active | 17 Nov 2020 |
| 07AAICM1839L1Z4 | Delhi | Active | 01 Jul 2017 |
| 27AAICM1839L1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Muhavra Enterprises Private Limited, buy the company report.
Recent activity
Muhavra Enterprises Private Limited has 15 board changes on record since 2012: 9 appointments and 6 cessations. The latest: Sulindra Govind Rao was appointed as Additional Director on 06 Aug 2025.
AGM
Muhavra Enterprises Private Limited last Annual general meeting of members was held on 02 Dec 2025 as per latest MCA records.
Appointed
Sulindra Govind Rao was appointed as Additional Director.
Filing
Muhavra Enterprises Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101073895 was registered on 11 Mar 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 65.00 Cr registered on 16 Aug 2022 with Charge ID 100664815 was modified on 10 Mar 2025.
Ceased
Manvitha Janagam ceased to be Additional Director.
Appointed
Manvitha Janagam was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100965228 was registered on 01 Aug 2024.
Charges
A charge registered on 11 May 2023 via Charge ID 100736735 with Others was fully satisfied on 24 Apr 2024.
Charges
A charge registered on 27 Jul 2020 via Charge ID 100384587 with Others was fully satisfied on 12 Apr 2024.
Charges
A charge registered on 07 Aug 2023 via Charge ID 100772533 with Others was fully satisfied on 28 Mar 2024.
Charges
A charge registered on 11 Jan 2022 via Charge ID 100542282 with Others was fully satisfied on 06 Mar 2024.
34 earlier events are in the company report.
News
Frequently asked questions
Muhavra Enterprises is an active private limited company based in Gurgaon, Haryana, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 26 September 2012 (14+ years old) and is registered under CIN U15492HR2012PTC047234.
Muhavra Enterprises has 9 current directors:
- Shivam Shahi - Director
- Matthew Joseph Chitharanjan - Director
- Namrata Asthana - Director
- Christopher Leigh Kolenaty - Director
- Prasun Agarwal - Director
- Abhay Kumar Pandey - Director
- Shuchi Hemendra Kothari - Director
- Manvitha Janagam - Director
- Sulindra Govind Rao - Additional Director
The latest financial statements of Muhavra Enterprises on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Muhavra Enterprises is 06AAICM1839L1Z6, registered in Haryana. The company has 21 GST registrations in all, of which 19 are active and 2 are cancelled or inactive. Other active GSTINs include 06AAICM1839L2Z5 (Haryana), 07AAICM1839L1Z4 (Delhi), 27AAICM1839L1Z2 (Maharashtra).
The CIN (Corporate Identification Number) of Muhavra Enterprises is U15492HR2012PTC047234. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muhavra Enterprises has 8 court cases on record: 2 filed by the company and 6 filed against it. Most are in the district courts.
Muhavra Enterprises was incorporated on 26 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Muhavra Enterprises has 29 deals on record (14 secondary share transfers, 12 funding rounds, 3 convertible or debt financings), with disclosed funding of ₹754.39 Cr; the latest was in June 2026.
The peers of Muhavra Enterprises by revenue are Vikrma Impex Pvt Ltd, Balaji Agro Private Limited, Jivraj Tea Limited, Asian Tea Company Private Limited, all in the Agriculture industry (Tea and Coffee), with the same principal business activity (wholesale trading).
Sulindra Govind Rao was appointed as Additional Director on 06 Aug 2025. Manvitha Janagam ceased to be Additional Director on 18 Sep 2024. Manvitha Janagam was appointed as Director on 02 Sep 2024. Muhavra Enterprises has 15 board changes on record in total.
Yes, Muhavra Enterprises is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0015540).
Muhavra Enterprises has 12 MSME Form 1 returns on record between 2018 and 2022, listing 301 overdue payments to 22 micro and small suppliers. The latest return was filed on 19 Sep 2022.
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