About Mutha Founders Pvt Ltd
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Mutha Founders Pvt Ltd is a private limited company based in Satara, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 21 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U34300PN1984PTC194081. Its GSTIN is 27AAACM3091N1Z6 (Maharashtra). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹94 Lakh and a paid-up capital of ₹87.05 Lakh. It is led by directors including Ajit Zankarmal Mutha (Managing Director) and Anoop Mutha Ajit (Whole-Time Director).
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 H – 21 Old M.I.D.C, Satara, Maharashtra, India – 415004.
As per the financials filed for FY 2025, the company reported a revenue of ₹203.7 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹6.22 Cr (net margin 3.1%) and EBITDA of ₹16.53 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 8% over five years.
The company has about 257 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mutha Group. As per MCA filings, the company has open charges of ₹45.24 Cr and satisfied charges of ₹59.5 Cr on record. Court records list 46 cases involving the company, including 29 filed by the company and 17 filed against it; 3 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.16 Cr; the latest was in March 2013. Its 7 peer companies in the Manufacturing industry (Die Casting, Foundry and Fabrication), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 5 smaller; the largest is Rapsri Engineering Products Company Private Limited with revenue of ₹209.65 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2022, listing 10 overdue payments to 8 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 muthagroup.com.
Company details
CIN history
Mutha Founders has one previous CIN (Corporate Identification Number): U34300MH1984PTC034868. The current CIN is U34300PN1984PTC194081, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34300PN1984PTC194081 | Current |
| U34300MH1984PTC034868 | Previous |
Contact details
Mutha Founders Pvt Ltd's registered office is in Satara, Maharashtra. Its website is muthagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH – 21 Old M.I.D.C, Satara, Maharashtra, India – 415004
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Mutha Founders Pvt Ltd, 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
Brands
Mutha Founders operates one associated brand: Mutha Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides machined castings and assemblies for automotive and defense industries. | muthagroup.com |
Business activity
The main business activity of Mutha Founders is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Mutha Founders Pvt Ltd, buy the company report.
Financials of Mutha Founders Pvt Ltd
FY 2025 filings availableMutha Founders Pvt Ltd reported revenue of ₹203.7 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 12% 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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| EBITDA | ₹16.53 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹6.22 Cr | ||||
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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 | 8.1% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mutha Founders Pvt Ltd, buy the company report.
Board of directors of Mutha Founders Pvt Ltd
Mutha Founders has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anoop Mutha Ajit Also directs: Mutha Engineering Private Limited | Whole-Time Director | 29 Sep 2010 | 16 Years 1 Months | Current |
| Ajit Zankarmal Mutha Also directs: Mutha Engineering Private Limited, Satara Club Forum | Managing Director | 21 Dec 1984 | 41 Years 10 Months | Current |
| Meghna Jaideep Baphna | Whole-Time Director | 01 Oct 2023 | 3 Years 1 Months | Current |
Peer comparison
Mutha Founders Pvt Ltd is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Die Casting, Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rapsri Engineering Products Company Private Limited | ₹209.65 Cr (FY 2025) | 40.0% | Ramanagara, Karnataka, India | |||
| Nsi (India) Limited | ₹207.75 Cr (FY 2025) | -4.0% | West Bengal, India | |||
| Mutha Founders Pvt Ltdthis company | ₹203.7 Cr (FY 2025) | ₹6.22 Cr | 3.1% | -2.0% | 257 | Satara, Maharashtra, India |
| Supertech (India ) Private Ltd. | ₹202.99 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Ultra Dimensions Private Limited | ₹200.17 Cr (FY 2024) | 21.0% | Mumbai, Maharashtra, India | |||
| Uni-Abex Alloy Products Limited | ₹200.07 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Amsteel Castings Private Limited | ₹199.64 Cr (FY 2025) | -28.0% | Chennai, Tamil Nadu, India | |||
| Indo Shell Cast Private Limited | ₹199.15 Cr (FY 2025) | -3.0% | Tamil Nadu, India |
To see the full peer comparison of Mutha Founders Pvt Ltd, buy the company report.
Shareholding
The shareholding of Mutha Founders Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mutha Founders Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2025 | 101122258 | Others | ₹7.5 Cr | Open | |
| 12 Jun 2025 | 101122490 | Others | ₹31.25 Lakh | Open | |
| 30 Aug 2024 | 100984869 | Others | ₹1.8 Cr | Open | |
| 22 Feb 2024 | 100897924 | Bank of India | ₹19.3 Lakh | Open | |
| 30 Jan 2024 | 100870428 | Bank of India | ₹2.5 Cr | Open |
To see the full charge records of Mutha Founders Pvt Ltd, buy the company report.
Total charge records: 45 View all charges
Deals & funding
Mutha Founders Pvt Ltd has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.16 Cr; the latest was in March 2013.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2013 | Funding round | ₹87 Lakh | Investors: 4 individuals |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Mutha Founders Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mutha Founders Pvt Ltd has 46 court cases on record: 29 filed by Mutha Founders, 17 filed against it. 3 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 8 | 3 |
| High courts | 19 | 8 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Satara, Maharashtra | Court case (Civil M.A.) | Filed by the company against Ms.Dwarkadas Shamkumar Textiles Pvt.Ltd.Pune | Disposed |
| District court, Satara, Maharashtra | Court case (R.C.A.) | Filed against the company by Shriram Industries Through Shriram Shrinivas Sarda | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln IDA) | Filed against the company by individuals | Pending |
| District court, Satara, Maharashtra | Civil suit | Filed by the company against Shriram Industries | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. PGA) | Filed against the company by individuals | Disposed |
To see the full case history of Mutha Founders Pvt Ltd, 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
Mutha Founders Pvt Ltd has 3 MSME Form 1 returns on record between 2019 and 2022, listing 10 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| The Super Industries | |||
| Yogendra Industrial Corp | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mutha Founders Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mutha Founders Pvt Ltd has a workforce of 257 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Mutha Founders has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3091N1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACM3091N1ZD | Tamil Nadu | Active | 09 Aug 2018 |
| 27AAACM3091N1DF | Maharashtra | Active | 30 Oct 2024 |
| 27AAACM3091N2Z5 | Maharashtra | Active | 28 Mar 2025 |
To see the full GST registrations and return filing status of Mutha Founders Pvt Ltd, buy the company report.
Recent activity
Mutha Founders Pvt Ltd has 9 board changes on record since 1984: 3 appointments and 6 cessations. The latest: Meghna Jaideep Baphna was appointed as Whole-Time Director on 01 Oct 2023.
86 earlier events are in the company report.
Frequently asked questions
Mutha Founders is an active private limited company based in Satara, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 21 December 1984 (42+ years old) and is registered under CIN U34300PN1984PTC194081.
Mutha Founders has 3 current directors:
- Ajit Zankarmal Mutha - Managing Director
- Anoop Mutha Ajit - Whole-Time Director
- Meghna Jaideep Baphna - Whole-Time Director
The latest financial statements of Mutha Founders 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 Mutha Founders is 27AAACM3091N1Z6, registered in Maharashtra. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 33AAACM3091N1ZD (Tamil Nadu), 27AAACM3091N1DF (Maharashtra), 27AAACM3091N2Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Mutha Founders is U34300PN1984PTC194081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mutha Founders has 46 court cases on record: 29 filed by the company and 17 filed against it. 3 are pending. Most are in the district courts.
Mutha Founders was incorporated on 21 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Pune.
Mutha Founders has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.16 Cr; the latest was in March 2013.
The peers of Mutha Founders by revenue are Rapsri Engineering Products Company Private Limited, Nsi (India) Limited, Supertech (India ) Private Ltd, Ultra Dimensions Private Limited, Uni-Abex Alloy Products Limited and 2 more, all in the Manufacturing industry (Die Casting, Foundry and Fabrication), with the same principal business activity (metal and metal products).
Meghna Jaideep Baphna was appointed as Whole-Time Director on 01 Oct 2023. Jaideep Jawarilal Baphna ceased to be Additional Director on 01 Dec 2017. Pramila Ajit Mutha ceased to be Director on 01 Dec 2017. Mutha Founders has 9 board changes on record in total.
Mutha Founders has 3 MSME Form 1 returns on record between 2019 and 2022, listing 10 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Mutha Founders can be reached through the website muthagroup.com. Its registered office is in Satara, Maharashtra, India.
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