About Mutual Automotive Private Limited
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Mutual Automotive Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 04 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25203MH2012PTC235302. Its GSTIN is 27AAICM1831C1ZT (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹40.01 Cr and a paid-up capital of ₹20.35 Cr. It was formerly known as Mutual Exterior Systems Private Limited. It is led by directors including Uchit Dharmendra Gandhi and Hemit Dharmendra 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 9 Ehara Industrial Complex Village Waliv Vasai (E), Thane, Maharashtra, India – 401208.
As per the financials filed for FY 2025, the company reported a revenue of ₹247.85 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹22.39 Cr (net margin 9%) and EBITDA of ₹42.66 Cr (EBITDA margin 17.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 4% over five years.
The company has about 838 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mutual Automotive. As per MCA filings, the company has open charges of ₹120.15 Cr and satisfied charges of ₹250.71 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹39.32 Cr; the latest was in February 2022. The company has 21 MSME Form 1 returns on record between 2018 and 2024, listing 5,941 overdue payments to 314 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 mutualautomotive.in.
Company details
Contact details
Mutual Automotive Private Limited's registered office is in Thane, Maharashtra. Its website is mutualautomotive.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9 Ehara Industrial Complex Village Waliv Vasai (E), Thane, Maharashtra, India – 401208
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Mutual Automotive Private 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
Brands
Mutual Automotive operates one associated brand: Mutual Automotive. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of engineered polymer components and systems in the automotive sector. | mutualautomotive.in |
Business activity
The main business activity of Mutual Automotive is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| 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 |
To see the full business activity and turnover split of Mutual Automotive Private Limited, buy the company report.
Financials of Mutual Automotive Private Limited
FY 2025 filings availableMutual Automotive Private Limited reported revenue of ₹247.85 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 2% growth in the latest year. EBITDA rose 28% 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 | ₹247.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹42.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.39 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 | 17.2% | ||||
| Net Profit Margin | 9% | ||||
| 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 Mutual Automotive Private Limited, buy the company report.
Board of directors of Mutual Automotive Private Limited
Mutual Automotive has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uchit Dharmendra Gandhi Also directs: Mutual G12 Solutions Private Limited, Rich Enterprise LLP, Enoventive Decorations LLP and 2 more | Director | 08 Aug 2019 | 7 Years 3 Months | Current |
| Hemit Dharmendra Gandhi Also directs: Mutual G12 Solutions Private Limited, Enoventive Decorations LLP, Mutual Composite LLP and 1 more | Director | 08 Aug 2019 | 7 Years 3 Months | Current |
| Dharmendra Kantilal Gandhi Also directs: Milon Plastics LLP, Plastiblends India Limited, Mutual G12 Solutions Private Limited and 3 more | Director | 04 Sep 2012 | 14 Years 2 Months | Current |
| Drumil Jayantilal Gandhi Also directs: Mepl Siddhohum Private Limited, Mutual Engineering Private Limited, Double Arrow Consultancy Private Limited and 2 more | Director | 28 Aug 2017 | 9 Years 2 Months | Current |
Shareholding
The shareholding of Mutual Automotive Private Limited 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 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 Mutual Automotive Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2025 | 101209772 | Standard Chartered Bank | ₹16.1 Cr | Open | |
| 24 Sep 2025 | 101172697 | Others | ₹63 Lakh | Open | |
| 02 Apr 2025 | 101094835 | Others | ₹74 Lakh | Open | |
| 19 Dec 2024 | 101038471 | Hdfc Bank Limited | ₹14.07 Lakh | Open | |
| 02 Sep 2024 | 100979537 | Hdfc Bank Limited | ₹12 Cr | Open |
To see the full charge records of Mutual Automotive Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Mutual Automotive Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹39.32 Cr; the latest was in February 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Mutual Management Service Private Limited, 3 individuals Seller: 4 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2018 | Funding round | ₹39.32 Cr | Investors: 4 individuals |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mutual Automotive Private Limited has 2 court cases on record: 2 filed by Mutual Automotive. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Regional Provident Fund Commissioner | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Mutual Automotive 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.
Credit ratings & regulatory alerts
Mutual Automotive Private Limited was last rated by Crisil on 27 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Aug 2020 |
To see the full credit ratings and regulatory alerts of Mutual Automotive Private Limited, buy the company report.
MSME payment delays
Mutual Automotive Private Limited has 21 MSME Form 1 returns on record between 2018 and 2024, listing 5,941 overdue payments to 314 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 314)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aarya Polymers India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mutual Automotive Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mutual Automotive Private Limited has a workforce of 838 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 838 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 | |
| FY 2009-10 |
To see the full employee and EPFO history of Mutual Automotive Private Limited, buy the company report.
GST
Mutual Automotive has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM1831C1ZT | Maharashtra | Active | 21 Mar 2018 |
| 05AAICM1831C1ZZ | Uttarakhand | Active | 01 Mar 2018 |
| 26AAICM1831C1ZV | Dadra and Nagar Haveli and Daman and Diu | Active | 02 Jun 2019 |
| 33AAICM1831C1Z0 | Tamil Nadu | Active | 21 Aug 2024 |
To see the full GST registrations and return filing status of Mutual Automotive Private Limited, buy the company report.
Recent activity
Mutual Automotive Private Limited has 7 board changes on record since 2012: 4 appointments and 3 cessations. The latest: Apurva Kiritkumar Gandhi ceased to be Director on 09 Aug 2019.
32 earlier events are in the company report.
Frequently asked questions
Mutual Automotive is an active private limited company based in Thane, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 04 September 2012 (14+ years old) and is registered under CIN U25203MH2012PTC235302.
Mutual Automotive has 4 current directors:
- Uchit Dharmendra Gandhi - Director
- Hemit Dharmendra Gandhi - Director
- Dharmendra Kantilal Gandhi - Director
- Drumil Jayantilal Gandhi - Director
The latest financial statements of Mutual Automotive 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 Mutual Automotive is 27AAICM1831C1ZT, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 05AAICM1831C1ZZ (Uttarakhand), 26AAICM1831C1ZV (Dadra and Nagar Haveli and Daman and Diu), 33AAICM1831C1Z0 (Tamil Nadu).
The CIN (Corporate Identification Number) of Mutual Automotive is U25203MH2012PTC235302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mutual Automotive has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Mutual Automotive was incorporated on 04 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Mutual Automotive has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹39.32 Cr; the latest was in February 2022.
Apurva Kiritkumar Gandhi ceased to be Director on 09 Aug 2019. Harin Kiritkumar Gandhi ceased to be Director on 09 Aug 2019. Hemit Dharmendra Gandhi was appointed as Director on 08 Aug 2019. Mutual Automotive has 7 board changes on record in total.
Mutual Automotive has 21 MSME Form 1 returns on record between 2018 and 2024, listing 5,941 overdue payments to 314 micro and small suppliers. The latest return was filed on 01 May 2024.
Mutual Automotive can be reached through the website mutualautomotive.in. Its registered office is in Thane, Maharashtra, India.
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