Plus Business Machines Limited

Plus Business Machines Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U29299MH1995PLC087417 Incorporated 18 April 1995 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company information technology MSME · Medium
Data last updated
Revenue · FY 2025
₹78.9 Cr
▲ 2% YoY
Net profit · FY 2025
₹2.86 Cr
Net margin 3.6%
EBITDA · FY 2025
₹4.92 Cr
EBITDA margin 6.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹84.38 Lakh
Issued & subscribed
Open charges
₹24.6 Cr
Satisfied ₹11.06 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
111
Provident fund records

About Plus Business Machines Limited

Data last updated:

Plus Business Machines Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 April 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH1995PLC087417. Its GSTIN is 27AAACP7987N1ZI (Maharashtra). The company holds 7 GST registrations, of which 5 are active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹84.38 Lakh. It is led by directors including Swadesh Ramlal Khetawat (Managing Director) and Sanjay Shrikisan Navandar (Whole-Time Director).

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 223 Udyog Bhavan Sonawala Road Goregaon (East), Mumbai, Maharashtra, India – 400063.

As per the financials filed for FY 2025, the company reported a revenue of ₹78.9 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.86 Cr (net margin 3.6%) and EBITDA of ₹4.92 Cr (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.

The company has about 111 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Plus Business Machines. As per MCA filings, the company has open charges of ₹24.6 Cr and satisfied charges of ₹11.06 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 4 deals on record (4 secondary share transfers); the latest was in August 2021. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 5 overdue payments to 4 micro and small suppliers.

Plus Business Machines Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0034903). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website plus-india.com.

Company details

CIN U29299MH1995PLC087417
Registration Number 087417
Incorporation Date 18 April 1995
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 Medium
Udyam Registration UDYAM-MH-18-0034903

CIN history

Plus Business Machines has one previous CIN (Corporate Identification Number): L29299MH1995PLC087417. The current CIN is U29299MH1995PLC087417, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U29299MH1995PLC087417Current
L29299MH1995PLC087417Previous
Key People
Swadesh Ramlal Khetawat Managing Director Sanjay Shrikisan Navandar Whole-Time Director Jyoti Swadesh Khetawat Whole-Time Director

Recognitions & Rankings of Plus Business Machines

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0034903

Contact details

Plus Business Machines Limited's registered office is in Mumbai, Maharashtra. Its website is plus-india.com. Its e-mail address is in the company report.

  • Email
  • Website
    plus-india.com
  • Social Media
  • Registered Address
    223 Udyog Bhavan Sonawala Road Goregaon (East), Mumbai, Maharashtra, India – 400063
  • Industry
    Information Technology, IT Consulting & Support Services

To see the full contact details of Plus Business Machines Limited, buy the company report.

Comprehensive company report
Plus Business Machines 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

Plus Business Machines operates one associated brand: Plus Business Machines. Each brand links to its own profile.

BrandDescriptionWebsite
Plus Business Machines
Provision of AV integration and collaboration tools services in India.plus-india.com

Business activity

The main business activities of Plus Business Machines are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Plus Business Machines Limited, buy the company report.

Financials of Plus Business Machines Limited

FY 2025 filings available

Plus Business Machines Limited reported revenue of ₹78.9 Cr (up 2% YoY) for FY 2025.

Revenue · FY 2025
₹78.9 Cr ▲ 2%
Net profit · FY 2025
₹2.86 Cr margin 3.6%
EBITDA · FY 2025
₹4.92 Cr margin 6.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 11%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▲ 29%
5 years · compounded
▼ 17%

Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 30% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹4.92 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.86 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.2%
Net Profit Margin3.6%
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 Plus Business Machines Limited, buy the company report.

Board of directors of Plus Business Machines Limited

Plus Business Machines has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sanjay Shrikisan NavandarWhole-Time Director31 Jul 201016 Years 3 MonthsCurrent
Jyoti Swadesh Khetawat
Also directs: Money Avenues Private Limited, Green Sources Private Limited, Bluenest Innovations Private Limited
Whole-Time Director18 Apr 199531 Years 6 MonthsCurrent
Ankita Khetawat Dalmia
Also directs: Bluenest Innovations Private Limited, Sortd Foods & Beverages Private Limited
Whole-Time Director01 Jan 20179 Years 10 MonthsCurrent
Swadesh Ramlal Khetawat
Also directs: Money Avenues Private Limited, Green Sources Private Limited
Managing Director18 Apr 199531 Years 6 MonthsCurrent
Sunil Rohidas DhatrakWhole-Time Director01 Nov 201115 Years 0 MonthsCurrent
View all directors

Auditor

Plus Business Machines Limited is audited by S.C. Mehra & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.C. Mehra & AssociatesFY 2023106156W

Shareholding

The shareholding of Plus Business Machines 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Plus Business Machines Limited, buy the company report.

Charges & borrowings

Open charges
₹24.6 Cr
Satisfied charges
₹11.06 Cr
Breakdown by lending institutions
Axis Bank Limited₹17.60 Cr
Others₹4.00 Cr
Hdfc Bank Limited₹3.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 May 2022100576048Others₹2 CrOpen
27 Apr 2022100568333Others₹2 CrOpen
05 Mar 2021100423782Hdfc Bank Limited₹3 CrOpen
22 Aug 2016100067962Axis Bank Limited₹5 CrOpen
19 Sep 200710068233Axis Bank Limited₹10 CrOpen

To see the full charge records of Plus Business Machines Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Plus Business Machines Limited has 4 deals on record (4 secondary share transfers); the latest was in August 2021.

Total deals
4
Secondary share transfers
4

Deals on record (4 of 4)

WhenDealAmountParties
Aug 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2011Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2011Secondary share transferUndisclosedSeller: Plus Coporation Foreign Company

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Plus Business Machines Limited was last rated by Crisil on 15 Jul 2021.

Rating agencyRated onRating
Crisil15 Jul 2021

To see the full credit ratings and regulatory alerts of Plus Business Machines Limited, buy the company report.

MSME payment delays

Plus Business Machines Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 5 overdue payments to 4 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 (4 of 4)

SupplierAmount dueDue sinceReported on
an individual supplier
Trustech Audio Visual Solution LLP
D.C.Infotech
Cloudwalker Streaming Technologies Private Limited

To see the full MSME payment records of Plus Business Machines Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Plus Business Machines Limited has a workforce of 111 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.

Employee count
111
Active EPFO establishments
1
Employee growth
5.71%

GST

Plus Business Machines has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
7
Active
5
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACP7987N1ZIMaharashtraActive01 Jul 2017
27AAACP7987N2ZHMaharashtraActive20 Jan 2025
19AAACP7987N1ZFWest BengalActive01 Jul 2017
29AAACP7987N1ZEKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Plus Business Machines Limited, buy the company report.

Recent activity

Plus Business Machines Limited has 14 board changes on record since 1995: 5 appointments and 9 cessations. The latest: Ankita Khetawat Dalmia was appointed as Whole-Time Director on 01 Jan 2017.

Charges
A charge with Axis Bank Limited of Rs. 5.00 Cr registered on 22 Aug 2016 with Charge ID 100067962 was modified on 05 Jan 2026.
Charges
A charge with Axis Bank Limited of Rs. 10.00 Cr registered on 19 Sep 2007 with Charge ID 10068233 was modified on 05 Jan 2026.
Charges
A charge with Axis Bank Limited of Rs. 2.60 Cr registered on 13 Jan 2005 with Charge ID 80012713 was modified on 05 Jan 2026.
AGM
Plus Business Machines Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Plus Business Machines 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. 2.00 Cr with Charge ID 100576048 was registered on 21 May 2022.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100568333 was registered on 27 Apr 2022.
Charges
A charge registered on 29 Aug 2018 via Charge ID 100207357 with Citi Bank N.A. was fully satisfied on 31 May 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100423782 was registered on 05 Mar 2021.
Charges
A charge registered on 17 Oct 2011 via Charge ID 10311733 with Kotak Mahindra Bank Limited was fully satisfied on 16 Jan 2020.
Charges
A charge with Citi Bank N.A. amounted to Rs. 2.50 Cr with Charge ID 100207357 was registered on 29 Aug 2018.
Charges
A charge registered on 12 Sep 2000 via Charge ID 80064733 with Oriental Bank Of Commerce was fully satisfied on 02 Jan 2017.

30 earlier events are in the company report.

Frequently asked questions

Plus Business Machines is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 April 1995 (31+ years old) and is registered under CIN U29299MH1995PLC087417.

Plus Business Machines has 5 current directors:

The latest financial statements of Plus Business Machines 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 Plus Business Machines is 27AAACP7987N1ZI, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACP7987N2ZH (Maharashtra), 19AAACP7987N1ZF (West Bengal), 29AAACP7987N1ZE (Karnataka).

The CIN (Corporate Identification Number) of Plus Business Machines is U29299MH1995PLC087417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Plus Business Machines has 2 court cases on record: 2 filed against it.

Plus Business Machines was incorporated on 18 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.

Plus Business Machines has 4 deals on record (4 secondary share transfers); the latest was in August 2021.

Ankita Khetawat Dalmia was appointed as Whole-Time Director on 01 Jan 2017. Vinay Ramlal Khetawat ceased to be Whole-Time Director on 30 Apr 2014. Jagruti Dharmen Dixit ceased to be Additional Director on 28 Apr 2012. Plus Business Machines has 14 board changes on record in total.

Yes, Plus Business Machines is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0034903).

Plus Business Machines has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 5 overdue payments to 4 micro and small suppliers. The latest return was filed on 17 Nov 2019.