MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0019494
Nihaar Equipment Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.99 Cr
▲ 53% YoY
Net profit · FY 2025
₹45.84 Lakh
Net margin 3.1%
EBITDA · FY 2025
₹1.34 Cr
EBITDA margin 8.9%
Authorised capital
₹11.5 Lakh
Registered with MCA
Paid-up capital
₹4.76 Lakh
Issued & subscribed
Open charges
₹5.56 Cr
Satisfied ₹7.02 Cr
Company age
50 yrs
Est. 1976
Employees · EPFO
53
Provident fund records
About Nihaar Equipment Private Limited
Data last updated:
Nihaar Equipment Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 27 October 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29297MH1976PTC019296. Its GSTIN is 27AABCN9153B1ZM (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹11.5 Lakh and a paid-up capital of ₹4.76 Lakh. It was formerly known as Pharchemets Engineering Private Limited and Newtronic Equipment Company Private Limited. It is led by directors including Nihar Nilesh Mehta and Jayshree Mehta Nileshkumar.
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 117 C D Govt Industrialestate Kandivali (West), Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.99 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹45.84 Lakh (net margin 3.1%) and EBITDA of ₹1.34 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 14% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nihaar Equipment. As per MCA filings, the company has open charges of ₹5.56 Cr and satisfied charges of ₹7.02 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
Nihaar Equipment Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0019494). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nihaarequipment.com.
Company details
CIN U29297MH1976PTC019296
Registration Number 019296
Incorporation Date 27 October 1976
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0019494
Name history
Nihaar Equipment has undergone 2 name changes throughout its history. The company was previously known as Pharchemets Engineering Private Limited, and Newtronic Equipment Company Private Limited. The current legal name is Nihaar Equipment Private Limited.
| Company Name | Status |
|---|---|
| Nihaar Equipment Private Limited | Current |
| Pharchemets Engineering Private Limited | Previous |
| Newtronic Equipment Company Private Limited | Previous |
Key People
Nihar Nilesh Mehta Director Jayshree Mehta Nileshkumar Director Nilesh Mehta Manilal Director Recognitions & Rankings of Nihaar Equipment
Contact details
Nihaar Equipment Private Limited's registered office is in Mumbai, Maharashtra. Its website is nihaarequipment.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address117 C D Govt Industrialestate Kandivali (West), Mumbai, Maharashtra, India – 400067
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Nihaar Equipment Private Limited, buy the company report.
Comprehensive company report
Nihaar Equipment Private Limited - one report that includes everything
- 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
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Brands
Nihaar Equipment operates one associated brand: Nihaar Equipment. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of laboratory equipment for pharmaceutical and stability testing applications. | nihaarequipment.com |
Business activity
The main business activity of Nihaar Equipment is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Nihaar Equipment Private Limited, buy the company report.
Financials of Nihaar Equipment Private Limited
FY 2025 filings availableNihaar Equipment Private Limited reported revenue of ₹14.99 Cr (up 53% YoY) for FY 2025.
Revenue · FY 2025
₹14.99 Cr ▲ 53%
Net profit · FY 2025
₹45.84 Lakh margin 3.1%
EBITDA · FY 2025
₹1.34 Cr margin 8.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 30%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 52%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 53% growth in the latest year. EBITDA rose 68% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹45.84 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 8.9% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Nihaar Equipment Private Limited, buy the company report.
Board of directors of Nihaar Equipment Private Limited
Nihaar Equipment has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nihar Nilesh Mehta Also directs: Steadlab Equipment Private Limited | Director | 05 Apr 2023 | 3 Years 7 Months | Current |
| Jayshree Mehta Nileshkumar Also directs: Steadlab Equipment Private Limited | Director | 25 Feb 2012 | 14 Years 8 Months | Current |
| Nilesh Mehta Manilal Also directs: Steadlab Equipment Private Limited | Director | 25 Jan 2003 | 23 Years 9 Months | Current |
Auditor
Nihaar Equipment Private Limited is audited by R K PURI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K PURI & ASSOCIATES | FY 2023 | 108233W |
Shareholding
The shareholding of Nihaar Equipment Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nihaar Equipment Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.56 Cr
Satisfied charges
₹7.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2025 | 101093904 | Others | ₹37 Lakh | Open | |
| 31 Jan 2024 | 100871285 | Others | ₹20 Lakh | Open | |
| 21 Dec 2023 | 100873043 | Others | ₹1.25 Cr | Open | |
| 11 Sep 2023 | 100783204 | Others | ₹23.5 Lakh | Open | |
| 14 Oct 2014 | 10526464 | Others | ₹3.5 Cr | Open |
To see the full charge records of Nihaar Equipment Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Nihaar Equipment Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed against the company
4
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by PR. Commissioner of Income Tax 13 | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax - 13, Mumbai | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by PR. Commissioner of Income Tax - 13, Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-13 Mumbai | Disposed |
To see the full case history of Nihaar Equipment 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nihaar Equipment Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nihaar Equipment has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN9153B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 24AABCN9153B1ZS | Gujarat | Active | 11 May 2023 |
To see the full GST registrations and return filing status of Nihaar Equipment Private Limited, buy the company report.
Recent activity
Nihaar Equipment Private Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Nihar Nilesh Mehta was appointed as Director on 05 Apr 2023.
AGM
Nihaar Equipment Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nihaar Equipment Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 37.00 Lakh with Charge ID 101093904 was registered on 18 Feb 2025.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 100871285 was registered on 31 Jan 2024.
Charges
A charge with Others amounted to Rs. 125.00 Lakh with Charge ID 100873043 was registered on 21 Dec 2023.
Charges
A charge with Others amounted to Rs. 23.50 Lakh with Charge ID 100783204 was registered on 11 Sep 2023.
Charges
A charge with Others of Rs. 350.00 Lakh registered on 14 Oct 2014 with Charge ID 10526464 was modified on 11 Sep 2023.
Appointed
Nihar Nilesh Mehta was appointed as Director.
Charges
A charge registered on 03 Mar 2018 via Charge ID 100178691 with Others was fully satisfied on 23 Feb 2023.
Charges
A charge registered on 18 May 2016 via Charge ID 100032415 with Others was fully satisfied on 23 Feb 2023.
Charges
A charge registered on 20 Feb 2016 via Charge ID 10626734 with The Shamrao Vithal Cooperative Bank Limited was fully satisfied on 23 Feb 2023.
Charges
A charge with Others amounted to Rs. 9.45 Lakh with Charge ID 100178691 was registered on 03 Mar 2018.
18 earlier events are in the company report.
Frequently asked questions
Nihaar Equipment is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 27 October 1976 (50+ years old) and is registered under CIN U29297MH1976PTC019296.
Nihaar Equipment has 3 current directors:
- Nihar Nilesh Mehta - Director
- Jayshree Mehta Nileshkumar - Director
- Nilesh Mehta Manilal - Director
The latest financial statements of Nihaar Equipment 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 Nihaar Equipment is 27AABCN9153B1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCN9153B1ZS (Gujarat).
The CIN (Corporate Identification Number) of Nihaar Equipment is U29297MH1976PTC019296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nihaar Equipment has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the high courts.
Nihaar Equipment was incorporated on 27 October 1976, making it 50+ years old. It is registered with the Registrar of Companies, Mumbai.
Nihar Nilesh Mehta was appointed as Director on 05 Apr 2023. Jignesh Navinchandra Mehta ceased to be Director on 18 Dec 2012. Navinbhai Manilal Mehta ceased to be Director on 18 Dec 2012. Nihaar Equipment has 5 board changes on record in total.
Yes, Nihaar Equipment is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0019494).
Nihaar Equipment can be reached through the website nihaarequipment.com. Its registered office is in Mumbai, Maharashtra, India.
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