About Mutual Industries Limited
Data last updated: 07 February 2026
Mutual Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in plastic-based products, a part of the broader manufacturing sector. Incorporated on 28 September 1990, the company has been in operation for over 36 years.
Registered with ROC Mumbai under CIN U99999MH1990PLC058368.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.64 Cr. Formerly known as Mutual Mecaplast Ltd. It is led by directors including Apurva Kiritkumar Gandhi and Drumil Jayantilal Gandhi.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.9 Cr, a decline of 26% compared to the previous year.
The company has a workforce of approximately 191 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Mutual Industries. As per MCA filings, the company has open charges of ₹157.67 Cr and satisfied charges of ₹632.44 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mutual-industries.com.
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Registered Address701/702 Heritage Plaza Gundavali, Nityanand Nagar Telli Galli X Road, Mumbai, Maharashtra, India – 400069
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IndustryManufacturing, Plastic-Based Products
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Mutual Industries Limited
Mutual Industries Limited has one previous CIN (Corporate Identification Number): U25209MH1990PTC058368. The current CIN is U99999MH1990PLC058368, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1990PLC058368 | Current |
| U25209MH1990PTC058368 | Previous |
Associated Brands with Mutual Industries Limited
Mutual Industries Limited operates one associated brand: Mutual Industries. These brands represent Mutual Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers innovative engineered polymer components, systems, and manufacturing processes worldwide. | mutual-industries.com |
Competitors & Alternatives of Mutual Industries Limited
Brands and companies operating in the same space as Mutual Industries Limited include Cummins, Valeo, UNO Minda and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Cummins
|
Manufacturer of gas-powered construction equipment | United States | 1919 |
Valeo
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Automotive products and services are supplied globally to automakers. | Paris, France, France | 1923 |
UNO Minda
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Manufacturer and supplier of major auto components to OEMs and tier 1 companies | Gurugram, India, India | 1958 |
Rane Group
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Major auto components are manufactured and supplied to OEMs. | Chennai, India, India | 1929 |
Novares
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Major auto components are manufactured and supplied globally. | Clamart, France, France | 1955 |
Schaeffler
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Manufacturer of bearings for the automotive industry | Herzogenaurach, Germany, Germany | 1946 |
Hutchinson
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Manufacturer and supplier of major auto components | Paris, France, France | 1853 |
Faurecia
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Automotive components and systems are manufactured for vehicles. | Nanterre, France, France | 1997 |
ZF
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Mobility systems are developed for cars, vehicles, and industrial uses. | Friedrichshafen, Germany, Germany | 1915 |
Business Activity of Mutual Industries Limited
Mutual Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details for Mutual Industries Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Mutual Industries Limited
Mutual Industries Limited is audited by Jayesh Sanghrajka & Co. LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jayesh Sanghrajka & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Mutual Industries Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mutual Industries Limited
Mutual Industries Limited is currently managed by 5 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurva Kiritkumar Gandhi | Whole-Time Director | 08 Aug 2019 | 6 Years 11 Months | Current |
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Drumil Jayantilal Gandhi
Also directs:
Mutual Automotive Private Limited, Mepl Siddhohum Private Limited, Mutual Engineering Private Limited and 2 more
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Director | 14 Mar 2011 | 15 Years 4 Months | Current |
| Harin Kiritkumar Gandhi | Whole-Time Director | 14 Mar 2011 | 15 Years 4 Months | Current |
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Harnish Dharamdas Juthani
Also directs:
Arnish Laborates Private Limited
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Director | 07 Apr 2022 | 4 Years 3 Months | Current |
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Boman Khushroo Moradian
Also directs:
Kabra Extrusion Technik Ltd, Krystal Global Engineering Limited, Virtual Sense Global Technologies Private Limited and 1 more
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Director | 30 Jul 2016 | 9 Years 11 Months | Current |
Financials of Mutual Industries Limited FY 2025 filings available
Mutual Industries Limited reported revenue of ₹95.9 Cr (down 26.00% YoY) for FY 2025.
Ten-year financial statements for Mutual Industries Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mutual Industries Limited
Shareholding and ownership data for Mutual Industries Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Mutual Industries Limited
Mutual Industries Limited has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Mutual Industries Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Mutual Styl Monde Private Limited | U25200MH2015PTC266621 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Mutual Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Aug 2025 | Others | ₹10 Cr | Open |
| 25 Oct 2023 | Others | ₹15.25 Cr | Open |
| 07 Mar 2022 | Others | ₹2.1 Cr | Open |
| 10 Mar 2021 | Others | ₹1 Cr | Open |
| 23 Feb 2021 | Others | ₹1 Cr | Open |
Total charge records: 66 View all charges
Employees and EPFO Compliance at Mutual Industries Limited
Mutual Industries Limited has a workforce of 191 employees as of Nov 07, 2024.
Employee and EPFO history for Mutual Industries Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mutual Industries Limited
GST registrations and filing compliance for Mutual Industries Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Mutual Industries Limited
Credit ratings, litigation, and regulatory alerts for Mutual Industries Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mutual Industries Limited
MSME payment history for Mutual Industries Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mutual Industries Limited
Corporate group structure for Mutual Industries Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mutual Industries Limited
MCA filings and documents for Mutual Industries Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Mutual Industries Limited
Frequently Asked Questions about Mutual Industries Limited
Mutual Industries Limited is an active public limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 28 September 1990 (36+ years old) and is registered under CIN U99999MH1990PLC058368. The company has 191 employees.
Mutual Industries Limited reported revenue of ₹95.9 Cr for FY 2025 (down 26.00% YoY).
The current directors of Mutual Industries Limited are:
- Apurva Kiritkumar Gandhi - Whole-Time Director
- Drumil Jayantilal Gandhi - Director
- Harin Kiritkumar Gandhi - Whole-Time Director
- Harnish Dharamdas Juthani - Director
- Boman Khushroo Moradian - Director
The primary industry of Mutual Industries Limited is manufacturing. The company specifically operates in plastic-based products. The company is currently active in this sector.
Mutual Industries Limited can be reached at the registered office: 701702 Heritage Plaza Gundavali, Nityanand Nagar Telli Galli X Road, Mumbai, Maharashtra, India – 400069, or through the website mutual-industries.com.
The authorised capital is ₹10 Cr, and the paid-up capital is ₹5.64 Cr.