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Mustan Engineering Private Limited
Mustan Engineering Private Limited - oil & gas in Rajkot, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2025
₹18.69 Cr
▲ 98% YoY
Net profit · FY 2025
₹1.83 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹28.26 Lakh
EBITDA margin 1.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹2.55 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
About Mustan Engineering Private Limited
Data last updated:
Mustan Engineering Private Limited is a private limited company based in Rajkot, Gujarat, India, recognised as a startup by DPIIT. It operates in the refined petroleum products segment of the oil and gas sector. It was incorporated on 16 February 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23200GJ2022PTC129432.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Divyaben Ravindrabhai Vachhani and Jeel Ravindrabhai Vachhani.
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 Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.69 Cr, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹1.83 Lakh (net margin 0.1%) and EBITDA of ₹28.26 Lakh (EBITDA margin 1.5%).
The company is associated with 1 brand: Mustan. As per MCA filings, the company has open charges of ₹2.55 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Mustan Engineering Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0060586).
Company details
CIN U23200GJ2022PTC129432
Registration Number 129432
Incorporation Date 16 February 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-20-0060586
Recognitions & Rankings of Mustan Engineering
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0060586
Contact details
Mustan Engineering Private Limited's registered office is in Rajkot, Gujarat.
- Registered AddressOffice No.401 Fourth Floor Ram Square, R.S.No.71/1 Plot No.14 Mavdi Bypass Mavdi Village Opp.Sanskar City, Rajkot, Gujarat, India – 360004
- IndustryOil & Gas, Refined Petroleum Products, Manufacturing
Comprehensive company report
Mustan Engineering 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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Secure checkout · GST invoice included
Business activity
The main business activity of Mustan Engineering is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Mustan Engineering Private Limited, buy the company report.
Financials of Mustan Engineering Private Limited
FY 2025 filings availableMustan Engineering Private Limited reported revenue of ₹18.69 Cr (up 98% YoY) for FY 2025.
Revenue · FY 2025
₹18.69 Cr ▲ 98%
Net profit · FY 2025
₹1.83 Lakh margin 0.1%
EBITDA · FY 2025
₹28.26 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 98%
EBITDA CAGR growth
1 year
▲ 95%
Revenue rose 98% in the latest year. EBITDA rose 95% in the latest 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 | ₹28.26 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.83 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 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.5% | |||
| Net Profit Margin | 0.1% | |||
| 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 Mustan Engineering Private Limited, buy the company report.
Board of directors of Mustan Engineering Private Limited
Mustan Engineering has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divyaben Ravindrabhai Vachhani Also directs: Mustan Healthcare Private Limited | Director | 16 Feb 2022 | 4 Years 8 Months | Current |
| Jeel Ravindrabhai Vachhani Also directs: Mustan Healthcare Private Limited | Director | 16 Feb 2022 | 4 Years 8 Months | Current |
Charges & borrowings
Open charges
₹2.55 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2022 | 100555486 | State Bank of India | ₹2.55 Cr | Open |
To see the full charge records of Mustan Engineering Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mustan Engineering Private Limited has 2 court cases on record: 2 filed by Mustan Engineering. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (SMST R) | Filed by the company against Mohit Chemicals and Pharmaceuticals | Pending |
| District court, RAJKOT, Gujarat | Court case (SMST R) | Filed by the company against Mohit Chemicals and Pharmaceuticals and 1 other | Disposed |
To see the full case history of Mustan Engineering 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
No delayed payments to MSME suppliers are on our record for Mustan Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mustan Engineering Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mustan Engineering Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Divyaben Ravindrabhai Vachhani was appointed as Director on 16 Feb 2022.
AGM
Mustan Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 2.55 Cr registered on 06 Apr 2022 with Charge ID 100555486 was modified on 11 Aug 2025.
Filing
Mustan Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India amounted to Rs. 2.55 Cr with Charge ID 100555486 was registered on 06 Apr 2022.
Appointed
Divyaben Ravindrabhai Vachhani was appointed as Director.
Appointed
Jeel Ravindrabhai Vachhani was appointed as Director.
Incorporation
16 Feb 2022
Mustan Engineering Private Limited was registered on 16 Feb 2022 with Roc Ahmedabad & aged 4 years 8 months as per MCA records.
Frequently asked questions
Mustan Engineering is an active private limited company based in Rajkot, Gujarat, India. The company works in refined petroleum products, within the oil and gas industry. It was incorporated on 16 February 2022 (4+ years old) and is registered under CIN U23200GJ2022PTC129432.
Mustan Engineering has 2 current directors:
- Divyaben Ravindrabhai Vachhani - Director
- Jeel Ravindrabhai Vachhani - Director
The latest financial statements of Mustan Engineering 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 CIN (Corporate Identification Number) of Mustan Engineering is U23200GJ2022PTC129432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mustan Engineering has 2 court cases on record: 2 filed by the company. 1 is pending.
Mustan Engineering was incorporated on 16 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Divyaben Ravindrabhai Vachhani was appointed as Director on 16 Feb 2022. Jeel Ravindrabhai Vachhani was appointed as Director on 16 Feb 2022.
Yes, Mustan Engineering is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mustan Engineering is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0060586).
The registered office of Mustan Engineering is at Office No.401 Fourth Floor Ram Square, R.S.No.711 Plot No.14 Mavdi Bypass Mavdi Village Opp.Sanskar City, Rajkot, Gujarat, India – 360004.