Mutual Industries Limited - Company Profile

It is a manufacturing public limited company based in Mumbai, Maharashtra, India, established in 1990.
1990 Mumbai, Maharashtra, India Active
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About Mutual Industries Limited

Mutual Industries Limited, a active public limited company, was established on 28 September 1990 in Mumbai, Maharashtra, India. Engaging in plastic-based products within the manufacturing sector, it holds CIN: U99999MH1990PLC058368. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹5.64 Cr.

Formerly known as Mutual Mecaplast Ltd. It upholds a compliant status. Employing 191 professional, Its leadership includes Apurva Kiritkumar Gandhi (Whole-Time Director), Drumil Jayantilal Gandhi (Director), Harin Kiritkumar Gandhi (Whole-Time Director). Past directors included Balkrishna Laxman Patwardhan, Aashima Agarwal, Prakashchandra Kapoor. It holds ₹157.67 Cr open charges and ₹632.44 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 701/702, Heritage Plaza, Gundavali,, Nityanand Nagar, Telli Galli X Road, Mumbai, Maharashtra, 400069.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U99999MH1990PLC058368

  • Registration Number

    058368

  • Incorporation Date

    28 September 1990

  • Authorized Capital

    ₹10.00 Cr

  • Paid-Up Capital

    ₹5.64 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 5.64 Cr
  • Company Age 35 Year, 4 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 157.67 Cr
  • Satisfied Charges ₹ 632.44 Cr
  • Revenue Growth **** -5.98%
  • Profit Growth **** 180.48%
  • Ebitda **** 268.94%
  • Net Worth 2.79%
  • Total Assets -16.52%
Company report

Mutual Industries Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mutual Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mutual Industries Limited?
Current Directors
Name Designation Appointment Date Status
Apurva Kiritkumar Gandhi Whole-Time Director 08 Aug 2019 Current
Drumil Jayantilal Gandhi Director 14 Mar 2011 Current
Harin Kiritkumar Gandhi Whole-Time Director 14 Mar 2011 Current
Harnish Dharamdas Juthani Director 07 Apr 2022 Current
Boman Khushroo Moradian Director 30 Jul 2016 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 30 Sep 2011 Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Director 21 Jun 2014 Past
Pramod Abcsdd Director 26 Aug 2019 Past
Pramod Abcsdd Managing Director 09 Aug 2019 Past
Pramod Abcsdd Whole-Time Director 26 Aug 2019 Past

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Financial Performance of Mutual Industries.

Mutual Industries Limited, for the financial year ended 2024, experienced Minor drop in revenue, with a 5.98% decrease. The company also saw a substantial improvement in profitability, with a 180.48% increase in profit. The company's net worth moved up by a moderate rise of 2.79%.

Mutual Industries revenue growth over time
Mutual Industries profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -5.98%
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Revenue from Operations
*******
 -7.15%
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*******
*******
Total Assets
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 -16.52%
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*******
*******
*******
Profit or Loss
*******
 180.48%
*******
*******
*******
*******
Net Worth
*******
 2.79%
*******
*******
*******
*******
EBITDA
*******
 268.94%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Mutual Industries?

In 2023, Mutual Industries had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,576,650,000.00

Satisfied Charges

₹6,324,372,472.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 113.32 Cr
  • Others : 44.35 Cr
Latest Charge Details
Date Lender Amount Status
28 Aug 2025 Others ₹10.00 Cr Open
25 Oct 2023 Others ₹15.25 Cr Open
07 Mar 2022 Others ₹2.10 Cr Open
10 Mar 2021 Others ₹1.00 Cr Open
23 Feb 2021 Others ₹1.00 Cr Open

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How Many Employees Work at Mutual Industries?

Mutual Industries has a workforce of 191 employees as of Nov 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mutual Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mutual Industries's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mutual Industries
Recent Activity within the Organization
  • Charges

    Progress on A charge with Others of Rs. 10.00 Cr registered on 28 Aug 2025 with Charge ID 101165127 was modified on 07 Oct 2025. was documented.

  • Annual General Meeting

    The activity Mutual Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101165127 was registered on 28 Aug 2025. was documented.

  • Balance Sheet

    Progress on Mutual Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.

  • Charges

    A charge registered on 03 Jul 2024 via Charge ID 100989050 with Others was fully satisfied on 04 Mar 2025. was recorded as a recent event.

  • Charges

    The activity A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100989050 was registered on 03 Jul 2024. was completed.

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Frequently Asked Questions
What is the CIN of Mutual Industries Limited?

The CIN of Mutual Industries Limited is U99999MH1990PLC058368.

Where is Mutual Industries Limited headquartered?

Mutual Industries Limited is headquartered at 701/702, Heritage Plaza, Gundavali,, Nityanand Nagar, Telli Galli X Road, Mumbai, Maharashtra, 400069.

When was Mutual Industries Limited incorporated?

Mutual Industries Limited was incorporated on 28 September 1990.

Who are the current directors of Mutual Industries Limited?

The current directors of Mutual Industries Limited are

What is the primary industry of Mutual Industries Limited?

The primary industry of Mutual Industries Limited is Manufacturing.

Is Mutual Industries Limited a listed company?

Mutual Industries Limited is unlisted.

What is the capital structure of Mutual Industries Limited?

The authorized capital of Mutual Industries Limited is ₹10.00 Cr, and the paid-up capital is ₹5.64 Cr.

What is the compliance status of Mutual Industries Limited?

The compliance status of Mutual Industries Limited is Compliant.

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