About Munitions India Limited
Data last updated:
Munitions India Limited is a public limited union government company based in Pune, Maharashtra, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 17 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29190PN2021GOI203505. Its GSTIN is 27AAOCM8781H1DZ (Maharashtra). The company holds 28 GST registrations, of which 27 are active.
The company has an authorised share capital of ₹42,000 Cr and a paid-up capital of ₹36,391 Cr. It is led by directors including Sanjay Hazari (Managing Director) and Nandkishor Prabhakar Naik.
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 C/O Ammunition Factory Khadki, Pune, Maharashtra, India – 411003.
As per the financials filed for FY 2025, the company reported a revenue of ₹8,649.4 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹839.86 Cr (net margin 9.7%) and EBITDA of ₹1,488.74 Cr (EBITDA margin 17.2%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years.
The company has about 51 employees on its provident fund (EPFO) records.
Court records list 21 cases involving the company, including 7 filed by the company and 14 filed against it; 9 cases are pending. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹5.25 Cr; the latest was in March 2025. The company has 10 MSME Form 1 returns on record between 2022 and 2024, listing 2,743 overdue payments to 708 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 munitionsindia.co.in.
Company details
Contact details
Munitions India Limited's registered office is in Pune, Maharashtra. Its website is munitionsindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Ammunition Factory Khadki, Pune, Maharashtra, India – 411003
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
To see the full contact details of Munitions India 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
Business activity
The main business activity of Munitions India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Munitions India Limited, buy the company report.
Financials of Munitions India Limited
FY 2025 filings availableMunitions India Limited reported revenue of ₹8,649.4 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over three years, including 15% growth in the latest year. EBITDA rose 59% 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 |
|---|---|---|---|---|
| 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 | ₹1,488.74 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹839.86 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 17.2% | |||
| Net Profit Margin | 9.7% | |||
| 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 Munitions India Limited, buy the company report.
Board of directors of Munitions India Limited
Munitions India has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Satija Also directs: Goa Shipyard Limited, Defence Innovation Organisation | Nominee Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Nandkishor Prabhakar Naik Also directs: Munitions India Sports Promotional Council (Mispc) | Director | 10 Feb 2025 | 1 Years 9 Months | Current |
| Rakesh Ojha Also directs: Munitions India Sports Promotional Council (Mispc) | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Sanjay Hazari | Managing Director | 05 May 2025 | 1 Years 6 Months | Current |
Auditor
Munitions India Limited is audited by P G Bhagwat LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G Bhagwat LLP | FY 2023 | 101118W/W100682 |
Shareholding
The shareholding of Munitions India Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Munitions India Limited, buy the company report.
Deals & funding
Munitions India Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹5.25 Cr; the latest was in March 2025.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹1,490.95 Cr | Investors: President of India |
| May 2024 | Funding round | ₹5.25 Cr | Investors: President of India |
| May 2024 | Rights issue | ₹580 Cr | Investors: President of India |
| May 2022 | Rights issue | ₹34,315 Cr | Investors: President of India |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Munitions India Limited has 21 court cases on record: 7 filed by Munitions India, 14 filed against it. 9 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 9 | 7 |
| Supreme Court | 6 | 0 | 0 |
| District courts | 5 | 5 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by E Compusell Ltd | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Hyderabad Precision Manufacturing Company Private Limited Through Mr.Sunil Kumar Patodia | Pending |
| Bombay High Court | Court case (PIL) | Filed against the company | Pending |
| High Court, ORISSA | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Munitions India 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
Munitions India Limited has 10 MSME Form 1 returns on record between 2022 and 2024, listing 2,743 overdue payments to 708 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 708)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Munitions India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Munitions India has 28 GST registrations: 27 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCM8781H1DZ | Maharashtra | Active | 30 Sep 2021 |
| 27AAOCM8781H1ZQ | Maharashtra | Active | 30 Sep 2021 |
| 27AAOCM8781H2ZP | Maharashtra | Active | 30 Sep 2021 |
| 10AAOCM8781H1Z5 | Bihar | Active | 01 Oct 2021 |
To see the full GST registrations and return filing status of Munitions India Limited, buy the company report.
Recent activity
Munitions India Limited has 14 board changes on record since 2021: 7 appointments and 7 cessations. The latest: Sanjay Hazari was appointed as Managing Director on 05 May 2025.
5 earlier events are in the company report.
Frequently asked questions
Munitions India is an active public limited union government company based in Pune, Maharashtra, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 17 August 2021 (5+ years old) and is registered under CIN U29190PN2021GOI203505.
Munitions India has 4 current directors:
- Sanjay Hazari - Managing Director
- Amit Satija - Nominee Director
- Nandkishor Prabhakar Naik - Director
- Rakesh Ojha - Director
The latest financial statements of Munitions India 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 FY 2022 are in the company report.
The GSTIN of Munitions India is 27AAOCM8781H1DZ, registered in Maharashtra. The company has 28 GST registrations in all, of which 27 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAOCM8781H1ZQ (Maharashtra), 27AAOCM8781H2ZP (Maharashtra), 10AAOCM8781H1Z5 (Bihar).
The CIN (Corporate Identification Number) of Munitions India is U29190PN2021GOI203505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Munitions India has 21 court cases on record: 7 filed by the company and 14 filed against it. 9 are pending. Most are in the high courts.
Munitions India was incorporated on 17 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Pune.
Munitions India has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹5.25 Cr; the latest was in March 2025.
Sanjay Hazari was appointed as Managing Director on 05 May 2025. Prakash Agarwala ceased to be Managing Director on 31 Mar 2025. Nandkishor Prabhakar Naik was appointed as Director on 10 Feb 2025. Munitions India has 14 board changes on record in total.
Munitions India has 10 MSME Form 1 returns on record between 2022 and 2024, listing 2,743 overdue payments to 708 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Munitions India can be reached through the website munitionsindia.co.in. Its registered office is in Pune, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
