Puneet Industries Private Limited

Puneet Industries Private Limited - transport and logistics in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U29199GJ2002PTC041317 Incorporated 23 September 2002 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company transport and logistics MSME · Small
Data last updated
Revenue · FY 2025
₹29.24 Cr
▼ 36% YoY
Net profit · FY 2025
₹76.62 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹1.66 Cr
EBITDA margin 5.7%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.85 Cr
Issued & subscribed
Open charges
₹1,091.55 Cr
Satisfied ₹135.5 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
55
Provident fund records

About Puneet Industries Private Limited

Data last updated:

Puneet Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 23 September 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ2002PTC041317. Its GSTIN is 24AACCP9025D1ZQ (Gujarat). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.85 Cr. It is led by directors Gulshan Kishorechand Bansal and Kishorechand Kakaram Bansal.

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 702 Addor Aspire Near Jhanvi Restaurant Opposite Old Passport Office Panjrapole, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2025, the company reported a revenue of ₹29.24 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹76.62 Lakh (net margin 2.6%) and EBITDA of ₹1.66 Cr (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 14% over five years.

The company has about 55 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹1,091.55 Cr and satisfied charges of ₹135.5 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹7 Cr; the latest was in April 2009.

Puneet Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0069319). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahavirgroup.co.in.

Company details

CIN U29199GJ2002PTC041317
Registration Number 041317
Incorporation Date 23 September 2002
ROC Ahmedabad
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-GJ-01-0069319
Key People
Gulshan Kishorechand Bansal Director Kishorechand Kakaram Bansal Director

Recognitions & Rankings of Puneet Industries

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0069319

Contact details

Puneet Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is mahavirgroup.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mahavirgroup.co.in
  • Registered Address
    702 Addor Aspire Near Jhanvi Restaurant Opposite Old Passport Office Panjrapole, Ahmedabad, Gujarat, India – 380015
  • Industry
    Transport and Logistics, Shipbuilding & Repair Services

To see the full contact details of Puneet Industries Private Limited, buy the company report.

Comprehensive company report
Puneet Industries 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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Business activity

The main business activity of Puneet Industries is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Puneet Industries Private Limited, buy the company report.

Financials of Puneet Industries Private Limited

FY 2025 filings available

Puneet Industries Private Limited reported revenue of ₹29.24 Cr (down 36% YoY) for FY 2025.

Revenue · FY 2025
₹29.24 Cr ▼ 36%
Net profit · FY 2025
₹76.62 Lakh margin 2.6%
EBITDA · FY 2025
₹1.66 Cr margin 5.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 36%
3 years · compounded
▼ 29%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▼ 26%
5 years · compounded
▼ 1%

Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 36% fall in the latest year. EBITDA fell 20% 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₹1.66 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹76.62 Lakh
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 Margin5.7%
Net Profit Margin2.6%
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 Puneet Industries Private Limited, buy the company report.

Board of directors of Puneet Industries Private Limited

Puneet Industries has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Gulshan Kishorechand Bansal
Also directs: Mahavir Inducto-Melt Private Limited
Director30 Mar 200422 Years 7 MonthsCurrent
Kishorechand Kakaram Bansal
Also directs: M G I Industries LLP, Mahavir Rolling Mill LLP, Anupama Steel Limited and 2 more
Director30 Mar 200422 Years 7 MonthsCurrent
View all directors

Auditor

Puneet Industries Private Limited is audited by KUNAL S SHROFF & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KUNAL S SHROFF & COFY 2023151196

Shareholding

The shareholding of Puneet Industries Private 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 Puneet Industries Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1,091.55 Cr
Satisfied charges
₹135.5 Cr
Breakdown by lending institutions
Indian Overseas Bank₹1,091.55 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Oct 201110320178Indian Overseas Bank₹361.5 CrOpen
10 Oct 201110320175Indian Overseas Bank₹361.5 CrOpen
13 Oct 200490105433Indian Overseas Bank₹361.5 CrOpen
13 Oct 200190105117Indian Overseas Bank₹7.05 CrOpen
03 Apr 200810099088Indian Overseas Bank₹135.5 CrSatisfied

To see the full charge records of Puneet Industries Private Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Puneet Industries Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹7 Cr; the latest was in April 2009.

Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹7 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Apr 2009Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2008Funding round₹6 CrInvestors: Kristen Distributers Private Limited
Sep 2008Secondary share transferUndisclosedBuyer: an individual
Seller: JJ Ipo Advisors Private Limited , Alpa Engineering Private Limited, Yellowcap Private Limited
Dec 2006Funding round₹1 CrInvestors: Florenza Luxe Jewels Limited , Yellowcap Private Limited , Alpa Engineering Private Limited

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

Credit ratings & regulatory alerts

Puneet Industries Private Limited was last rated by Care on 24 Jun 2026.

Rating agencyRated onRating
Care24 Jun 2026

To see the full credit ratings and regulatory alerts of Puneet Industries Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Puneet Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Puneet Industries Private Limited has a workforce of 55 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
55
Active EPFO establishments
1
Employee growth
12.24%

GST

Puneet Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AACCP9025D1ZQGujaratActive01 Jul 2017
24AACCP9025D1DZGujaratActive12 Mar 2025

To see the full GST registrations and return filing status of Puneet Industries Private Limited, buy the company report.

Recent activity

Puneet Industries Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Gulshan Kishorechand Bansal was appointed as Director on 30 Mar 2004.

AGM
Puneet Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Puneet Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Indian Overseas Bank of Rs. 361.50 Cr registered on 10 Oct 2011 with Charge ID 10320178 was modified on 24 Mar 2023.
Charges
A charge with Indian Overseas Bank of Rs. 361.50 Cr registered on 13 Oct 2004 with Charge ID 90105433 was modified on 24 Mar 2023.
Charges
A charge with Indian Overseas Bank of Rs. 361.50 Cr registered on 10 Oct 2011 with Charge ID 10320175 was modified on 10 Mar 2023.
Charges
A charge registered on 03 Apr 2008 via Charge ID 10099088 with Indian Overseas Bank was fully satisfied on 12 Dec 2011.
Charges
A charge with Indian Overseas Bank amounted to Rs. 361.50 Cr with Charge ID 10320175 was registered on 10 Oct 2011.
Charges
A charge with Indian Overseas Bank amounted to Rs. 361.50 Cr with Charge ID 10320178 was registered on 10 Oct 2011.
Charges
A charge with Indian Overseas Bank of Rs. 135.50 Cr registered on 03 Apr 2008 with Charge ID 10099088 was modified on 25 Jun 2010.
Charges
A charge with Indian Overseas Bank amounted to Rs. 135.50 Cr with Charge ID 10099088 was registered on 03 Apr 2008.
Charges
A charge with Indian Overseas Bank amounted to Rs. 361.50 Cr with Charge ID 90105433 was registered on 13 Oct 2004.
Appointed
Gulshan Kishorechand Bansal was appointed as Director.

3 earlier events are in the company report.

Frequently asked questions

Puneet Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 23 September 2002 (24+ years old) and is registered under CIN U29199GJ2002PTC041317.

Puneet Industries has 2 current directors:

The latest financial statements of Puneet Industries 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 Puneet Industries is 24AACCP9025D1ZQ, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCP9025D1DZ (Gujarat).

The CIN (Corporate Identification Number) of Puneet Industries is U29199GJ2002PTC041317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Puneet Industries has 8 court cases on record: 5 filed by the company and 3 filed against it.

Puneet Industries was incorporated on 23 September 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Puneet Industries has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹7 Cr; the latest was in April 2009.

Gulshan Kishorechand Bansal was appointed as Director on 30 Mar 2004. Kishorechand Kakaram Bansal was appointed as Director on 30 Mar 2004.

Yes, Puneet Industries is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0069319).