MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-20-0122037
Revenue · FY 2025
₹46.32 Lakh
▼ 25% YoY
Net loss · FY 2025
₹2.94 Cr
Latest filing
EBITDA · FY 2025
-₹2.82 Cr
Latest filing
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.92 Cr
Issued & subscribed
Company age
31 yrs
Est. 1995
Employees · EPFO
6
Provident fund records
Directors on board
5
As per MCA filings
About Muzali Arts Limited
Data last updated:
Muzali Arts Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 10 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN L20100MH1995PLC322040. Its GSTIN is 27AACCS6703P1ZX (Maharashtra). Its shares are listed on BSE: 539410.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.92 Cr. It was formerly known as Sinner Energy India Limited and Welcon Infra International Limited. It is led by directors including Mansoorbhai Murtuza and Dinkal Darshil Sanghvi.
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 Plot No. 3 B – 44 Near Manav Mandir Kantol Road Yerla, Nagpur, Maharashtra, India – 441501.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.32 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹2.94 Cr and EBITDA of -₹2.82 Cr. Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 37% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Muzali. Court records list 1 case involving the company, including 1 filed by the company. The company has 33 deals on record (33 market trades); the latest was in December 2022. Its 10 peer companies in the Consumer Durables industry (Furniture) are compared by revenue, 5 larger and 5 smaller; the largest is Vistoso Furniture Private Limited with revenue of ₹46.73 Lakh. The company has 3 MSME Form 1 returns on record between 2019 and 2022, listing 6 overdue payments to 5 micro and small suppliers.
Muzali Arts Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0122037). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website muzaliarts.com.
Company Details of Muzali Arts Limited
CIN L20100MH1995PLC322040
Registration Number 322040
Incorporation Date 10 November 1995
ROC Nagpur
Listing Status Listed (BSE: 539410)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-20-0122037
Name History of Muzali Arts Limited
Muzali Arts has undergone 4 name changes throughout its history. The current legal name is Muzali Arts Limited.
| Company Name | Status |
|---|---|
| Muzali Arts Limited | Current |
| Sinner Energy India Limited | Previous |
| Welcon Infra International Limited | Previous |
| Welcon International Limited | Previous |
CIN History of Muzali Arts Limited
Muzali Arts has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L20100MH1995PLC322040, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L20100MH1995PLC322040 | Current |
| L99999GJ1995PLC028077 | Previous |
| L45100GJ1995PLC028077 | Previous |
| L45100MH1995PLC322040 | Previous |
Recognitions & Rankings of Muzali Arts
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 3 B – 44 Near Manav Mandir Kantol Road Yerla, Nagpur, Maharashtra, India – 441501
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
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Associated Brands with Muzali Arts Limited
Muzali Arts operates one associated brand: Muzali. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Curates unique art, furniture, and home decor for high-end clients worldwide. | muzaliarts.com |
Business Activity of Muzali Arts Limited
The main business activity of Muzali Arts is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Muzali Arts Limited FY 2025 filings available
Muzali Arts Limited reported revenue of ₹46.32 Lakh (down 25% YoY) for FY 2025.
Revenue · FY 2025
₹46.32 Lakh ▼ 25%
Net loss · FY 2025
₹2.94 Cr
EBITDA · FY 2025
-₹2.82 Cr
Compounded Annual Growth Rate (CAGR) of Muzali Arts Limited
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 67%
5 years · compounded
▼ 37%
EBITDA CAGR growth
1 year
▼ 165%
3 years · compounded
▼ 26%
5 years · compounded
▼ 42%
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 25% fall in the latest year. EBITDA fell 165% 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 of Muzali Arts Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.94 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 of Muzali Arts Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Muzali Arts are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Muzali Arts Limited
Muzali Arts has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansoorbhai Murtuza Also directs: Muzali Arts Gallery Private Limited | Director | 26 Feb 2024 | 2 Years 7 Months | Current |
| Dinkal Darshil Sanghvi | Director | 23 Mar 2024 | 2 Years 6 Months | Current |
| Naresh Gopani | Director | 05 Apr 2024 | 2 Years 6 Months | Current |
| Sohan Chaturvedi | Director | 06 Sep 2023 | 3 Years 1 Months | Current |
| Siddhesh Shankar Shende Also directs: Genpharmasec Limited, Clinigenome India Private Limited | Director | 06 Sep 2023 | 3 Years 1 Months | Current |
Peer Comparison of Muzali Arts Limited
Muzali Arts Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vistoso Furniture Private Limited | ₹46.73 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | Navi Mumbai, Maharashtra, India |
| Swadeshi Manufacturers Private Limited | ₹46.69 Lakh (FY 2025) | •••• | •••• | 89.0% | •••• | Delhi, India |
| Ahuja Furniture Systems Private Limited | ₹46.65 Lakh (FY 2025) | •••• | •••• | -28.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Cross Bow Design Private Limited | ₹46.45 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | New Delhi, Delhi, India |
| Redefur Private Limited | ₹46.38 Lakh (FY 2025) | •••• | •••• | 674064.0% | •••• | Aurangabad, Maharashtra, India |
| Muzali Arts Limited this company | ₹46.32 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | Nagpur, Maharashtra, India |
| Megs Concepts Private Limited | ₹46 Lakh (FY 2018) | •••• | •••• | -45.0% | •••• | Hyderabad, Telangana, India |
| Long Life Plasto Furniture Private Limited | ₹45.94 Lakh (FY 2022) | •••• | •••• | 243.0% | •••• | Karnal, Haryana, India |
| Homefurnica Private Limited | ₹45.76 Lakh (FY 2022) | •••• | •••• | •••• | Champasari, West Bengal, India | |
| Elitefine Wood Carving Private Limited | ₹45.73 Lakh (FY 2021) | •••• | •••• | 15.0% | •••• | Saharanpur, Uttar Pradesh, India |
| Aniket Technology Private Limited | ₹45.53 Lakh (FY 2024) | •••• | •••• | 301.0% | •••• | Hooghly, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Muzali Arts by revenue in the Consumer Durables industry (Furniture), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Muzali Arts Limited
Muzali Arts Limited is audited by Koshal & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Koshal & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Muzali Arts Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Muzali Arts Limited
Muzali Arts Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Muzali Arts Limited
Muzali Arts Limited has 33 deals on record (33 market trades); the latest was in December 2022.
Total deals
33
Market trades
33
Deals on record (5 of 33)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Market trade | ₹7.4 Lakh | Seller: an individual |
| Jan 2022 | Market trade | ₹15 Lakh | Seller: Alpha Leon Enterprises LLP |
| Jan 2022 | Market trade | ₹96.3 Lakh | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP , an individual |
| Jun 2018 | Market trade | ₹37.4 Lakh | Buyer: Suyog Multitrade LLP |
| Jan 2018 | Market trade | ₹1.2 Cr | Buyer: an individual Seller: Emerald Corporate Advisory Private Limited. |
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Full deal history
All 33 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Muzali Arts Limited
Muzali Arts Limited has 1 court case on record: 1 filed by Muzali Arts. All case is disposed. Status as checked on 02 Oct 2026.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Commercial suit | Filed by the company against Jalan Jalan Collection Inc | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Muzali Arts Limited
Muzali Arts Limited has 3 MSME Form 1 returns on record between 2019 and 2022, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Satellite Corporate Services P Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
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- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Muzali Arts Limited
Muzali Arts Limited has a workforce of 6 employees as of Apr 05, 2024.
Employee count
6
Active EPFO establishments
1
Employee growth
-53.85%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Muzali Arts Limited
Muzali Arts Limited has 39 board changes on record since 2000: 22 appointments and 17 cessations. The latest: Lalit Raut ceased to be Additional Director on 09 Apr 2024.
AGM
Muzali Arts Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Muzali Arts Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Ceased
Lalit Raut ceased to be Additional Director.
Appointed
Naresh Gopani was appointed as Director.
Appointed
Dinkal Darshil Sanghvi was appointed as Director.
Ceased
Farheen Mansoorbhai Murtuza ceased to be Managing Director.
Appointed
Mansoorbhai Murtuza was appointed as Director.
Appointed
Lalit Raut was appointed as Additional Director.
Ceased
Ankur Rathi ceased to be CFO.
Ceased
Avigat Ganeriwala ceased to be Additional Director.
Ceased
Neelkanth Dnyaneshwar Aher ceased to be Additional Director.
Ceased
Lalit Kripashankar Dave ceased to be Director.
30 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Muzali Arts Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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Subsidiaries & Group Companies of Muzali Arts Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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GST Compliance of Muzali Arts Limited
Muzali Arts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS6703P1ZX | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Muzali Arts Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Muzali Arts Limited
Frequently Asked Questions about Muzali Arts Limited
Muzali Arts is an active public limited company based in Nagpur, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 10 November 1995 (31+ years old) and is registered under CIN L20100MH1995PLC322040. Listed on BSE: 539410.
Muzali Arts reported revenue of ₹46.32 Lakh for FY 2025 (down 25% YoY).
Muzali Arts has 5 current directors:
- Mansoorbhai Murtuza - Director
- Dinkal Darshil Sanghvi - Director
- Naresh Gopani - Director
- Sohan Chaturvedi - Director
- Siddhesh Shankar Shende - Director
Muzali Arts reported a net loss of ₹2.94 Cr and EBITDA of -₹2.82 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Muzali Arts is -67% over three years and -37% over five years. In the latest year (FY 2025) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Muzali Arts is 27AACCS6703P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Muzali Arts is L20100MH1995PLC322040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Muzali Arts is listed on BSE with code 539410.
Muzali Arts has 1 court case on record: 1 filed by the company.
Muzali Arts was incorporated on 10 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Nagpur.
Muzali Arts has 33 deals on record (33 market trades); the latest was in December 2022.
The peers of Muzali Arts by revenue are Vistoso Furniture Private Limited, Swadeshi Manufacturers Private Limited, Ahuja Furniture Systems Private Limited, Cross Bow Design Private Limited, Redefur Private Limited and 5 more, all in the Consumer Durables industry (Furniture).