Salgaocar Mining Industries Private Limited
About Salgaocar Mining Industries Private Limited
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Salgaocar Mining Industries Private Limited is a private limited company based in Panaji, Goa, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 31 March 1967 and has been in existence for over 59 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U13209GA1967PTC000072. Its GSTIN is 30AABCS8862N1ZZ (Goa). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It was formerly known as Salgaocar Industries Private Limited and Salgaocar Industries Limited. It is led by directors including Arjun Anil Salgaocar and Sandeep Naik.
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 Salgaocar Bhavan Plot Number – 15 Altinho, Panaji, Goa, India – 403001.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.2 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹4.76 Cr (net margin -36.1%) and EBITDA of -₹1.03 Cr (EBITDA margin -7.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 11% over five years.
Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹87.73 Cr and satisfied charges of ₹320.39 Cr on record. Court records list 114 cases involving the company, including 86 filed by the company and 28 filed against it; 12 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Salgaocar Mining Industries has undergone 2 name changes throughout its history. The company was previously known as Salgaocar Industries Private Limited, and Salgaocar Industries Limited. The current legal name is Salgaocar Mining Industries Private Limited.
| Company Name | Status |
|---|---|
| Salgaocar Mining Industries Private Limited | Current |
| Salgaocar Industries Private Limited | Previous |
| Salgaocar Industries Limited | Previous |
Contact details
Salgaocar Mining Industries Private Limited's registered office is in Panaji, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSalgaocar Bhavan Plot Number – 15 Altinho, Panaji, Goa, India – 403001
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Salgaocar Mining Industries Private Limited, buy the company report.
- 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
Financials of Salgaocar Mining Industries Private Limited
FY 2025 filings availableSalgaocar Mining Industries Private Limited reported revenue of ₹13.2 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 176% 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 |
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| Total Expenses | |||||
| EBITDA | -₹1.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.76 Cr | ||||
| Balance Sheet | |||||
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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 | -7.8% | ||||
| Net Profit Margin | -36.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Salgaocar Mining Industries Private Limited, buy the company report.
Board of directors of Salgaocar Mining Industries Private Limited
Salgaocar Mining Industries has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Anil Salgaocar Also directs: Greenpark Mining Services LLP, Babuso Agro Marine Company Private Limited, Balaji Mines and Minerals Private Limited and 5 more | Director | 03 Sep 2001 | 25 Years 2 Months | Current |
| Sandeep Naik | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Jayant Krishanath Gaunker Also directs: Babuso Agro Marine Company Private Limited, Balaji Mines and Minerals Private Limited, Suktolim Mines Private Limited and 5 more | Director | 01 Apr 2021 | 5 Years 7 Months | Current |
Peer comparison
Salgaocar Mining Industries Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Machinery and Equipment Leasing, Mining), with the same principal business activity (mining support services activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fateh Granites Limited | ₹13.22 Cr (FY 2025) | 50.0% | Jalore, Rajasthan, India | |||
| Patkai Coal Products Pvt Limited | ₹13.21 Cr (FY 2025) | -3.0% | Tinsukia, Assam, India | |||
| Prakash Quarry Works Private Limited | ₹13.2 Cr (FY 2025) | 77.0% | Gujarat, India | |||
| Salgaocar Mining Industries Private Limitedthis company | ₹13.2 Cr (FY 2025) | -₹4.76 Cr | -36.1% | -1.0% | Panaji, Goa, India |
To see the full peer comparison of Salgaocar Mining Industries Private Limited, buy the company report.
Auditor
Salgaocar Mining Industries Private Limited is audited by ANUP R.S. BORKAR & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANUP R.S. BORKAR & CO. | FY 2022 | 127724W |
Shareholding
The shareholding of Salgaocar Mining Industries Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Salgaocar Mining Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2026 | 101222433 | State Bank of India | ₹47.23 Cr | Open | |
| 15 Mar 2025 | 101075314 | Tjsb Sahakari Bank Limited | ₹30 Cr | Open | |
| 07 Feb 2025 | 101055943 | Others | ₹10.5 Cr | Open | |
| 12 Dec 2019 | 100312594 | Hdfc Bank Limited | ₹5.08 Lakh | Satisfied | |
| 27 Nov 2018 | 100228790 | Hdfc Bank Limited | ₹6.33 Lakh | Satisfied |
To see the full charge records of Salgaocar Mining Industries Private Limited, buy the company report.
Total charge records: 68 View all charges
Legal cases
Salgaocar Mining Industries Private Limited has 114 court cases on record: 86 filed by Salgaocar Mining Industries, 28 filed against it. 12 cases are pending and 102 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 84 | 18 | 7 |
| District courts | 21 | 8 | 2 |
| Supreme Court | 9 | 2 | 3 |
Cases on record (5 of 114)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against Bangalore and 1 other | Pending |
| Bombay High Court | Court case (MCA) | Filed by the company against M/S Jaisu Shipping Co. Pvt. Ltd. THR Its Executive Director Samip S. Kevalramani and 2 others | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against M/S Ilc Industries Ltd | Disposed |
| District court, North Goa, Goa | Appeal | Filed against the company by Salgaocar Engineers Pvt. Ltd. | Disposed |
| District court, North Goa, Goa | Court case (MCA) | Filed against the company by Salgaocar Engineers Pvt. Ltd. | Disposed |
To see the full case history of Salgaocar Mining Industries 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 Salgaocar Mining Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Salgaocar Mining Industries has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Salgaocar Shipping Company Private Limited | U13100GA1975PTC000223 | |
| Leela Estate Development and Investment Company Private Limited | U13100GA1983PTC014410 | |
| Salitho Ores Private Limited | U13209GA1964PTC000020 | |
| Tungabhadra Minerals Private Limited | U14200KA1971PTC002035 | |
| Goldwin Builders Private Limited | U45200TN2007PTC062383 | |
| Best Development & Services Private Limited | U51503TN2004PTC053407 |
To see the full group structure of Salgaocar Mining Industries Private Limited, buy the company report.
GST
Salgaocar Mining Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCS8862N1ZZ | Goa | Active | 01 Jul 2017 |
| 27AABCS8862N1ZM | Maharashtra | Active | 18 May 2024 |
To see the full GST registrations and return filing status of Salgaocar Mining Industries Private Limited, buy the company report.
Recent activity
Salgaocar Mining Industries Private Limited has 11 board changes on record since 2001: 3 appointments and 8 cessations. The latest: Sandeep Naik was appointed as Director on 30 Sep 2024.
146 earlier events are in the company report.
Frequently asked questions
Salgaocar Mining Industries is an active private limited company based in Panaji, Goa, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 31 March 1967 (59+ years old) and is registered under CIN U13209GA1967PTC000072.
Salgaocar Mining Industries has 3 current directors:
- Arjun Anil Salgaocar - Director
- Sandeep Naik - Director
- Jayant Krishanath Gaunker - Director
The latest financial statements of Salgaocar Mining 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 Salgaocar Mining Industries is 30AABCS8862N1ZZ, registered in Goa. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCS8862N1ZM (Maharashtra).
The CIN (Corporate Identification Number) of Salgaocar Mining Industries is U13209GA1967PTC000072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salgaocar Mining Industries has 114 court cases on record: 86 filed by the company and 28 filed against it. 12 are pending. Most are in the high courts.
Salgaocar Mining Industries was incorporated on 31 March 1967, making it 59+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Salgaocar Mining Industries by revenue are Fateh Granites Limited, Patkai Coal Products Pvt Limited, Prakash Quarry Works Private Limited, all in the Metals and Minerals industry (Machinery and Equipment Leasing, Mining), with the same principal business activity (mining support services activities).
Sandeep Naik was appointed as Director on 30 Sep 2024. Jayant Krishanath Gaunker ceased to be Additional Director on 29 Nov 2021. Jayant Krishanath Gaunker was appointed as Director on 01 Apr 2021. Salgaocar Mining Industries has 11 board changes on record in total.
The registered office of Salgaocar Mining Industries is at Salgaocar Bhavan Plot Number – 15 Altinho, Panaji, Goa, India – 403001.
Salgaocar Mining Industries operates in the financial services industry, in the equipment leasing and financing segment.
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