MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0018011
Shavo Technologies Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹45.68 Cr
▼ 3% YoY
Net profit · FY 2025
₹60.61 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹1.09 Cr
EBITDA margin 2.4%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹6 Lakh
Issued & subscribed
Open charges
₹5.08 Cr
Satisfied ₹30.71 Lakh
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
About Shavo Technologies Private Limited
Data last updated:
Shavo Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 28 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1995PTC090823. Its GSTIN is 27AAFCS6870C1Z9 (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Rani Harkishan Shah and Shatul Harkishan Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.68 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹60.61 Lakh (net margin 1.3%) and EBITDA of ₹1.09 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹5.08 Cr and satisfied charges of ₹30.71 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Shavo Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0018011). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shavogroup.com.
Company details
CIN U51900MH1995PTC090823
Registration Number 090823
Incorporation Date 28 July 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0018011
Key People
Rani Harkishan Shah Director Shatul Harkishan Shah Director Rushil Harkishan Shah Director Recognitions & Rankings of Shavo Technologies
Contact details
Shavo Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is shavogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKa Bldg. Shrikant Hadkar Marg Zakaria Bunder Road Opp. Cotton Green S, Tation (W), Mumbai, Maharashtra, India – 400033
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Shavo Technologies Private Limited, buy the company report.
Comprehensive company report
Shavo Technologies 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 Shavo Technologies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shavo Technologies Private Limited, buy the company report.
Financials of Shavo Technologies Private Limited
FY 2024 filings availableShavo Technologies Private Limited reported revenue of ₹45.68 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹45.68 Cr ▼ 3%
Net profit · FY 2025
₹60.61 Lakh margin 1.3%
EBITDA · FY 2025
₹1.09 Cr margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 16%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 14%
5 years · compounded
▲ 12%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 8% 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 | ₹1.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹60.61 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 2.4% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Shavo Technologies Private Limited, buy the company report.
Board of directors of Shavo Technologies Private Limited
Shavo Technologies 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 |
|---|---|---|---|---|
| Rani Harkishan Shah Also directs: Centraline Lubro-Tech Engineers Private Limited | Director | 16 Jan 2015 | 11 Years 9 Months | Current |
| Shatul Harkishan Shah | Director | 04 Aug 1995 | 31 Years 2 Months | Current |
| Rushil Harkishan Shah | Director | 04 Aug 1995 | 31 Years 2 Months | Current |
Peer comparison
Shavo Technologies Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sea Stem Limited | ₹46.01 Cr (FY 2018) | 4.0% | Ahmedabad, Gujarat, India | |||
| Amtek Instruments Private Limited | ₹45.87 Cr (FY 2024) | 2.0% | Ahmedabad, Gujarat, India | |||
| Silverwater Metals and Minerals Private Limited | ₹45.72 Cr (FY 2024) | -41.0% | Nagpur, Maharashtra, India | |||
| Shavo Technologies Private Limitedthis company | ₹45.68 Cr (FY 2025) | ₹60.61 Lakh | 1.3% | -3.0% | Mumbai, Maharashtra, India | |
| Teknion Furniture Systems (India) Private Limited | ₹45.29 Cr (FY 2025) | 5.0% | Bangalore, Karnataka, India | |||
| Marvel Machine Tools Private Limited | ₹45.1 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Yanmar India Private Limited | ₹44.93 Cr (FY 2021) | -30.0% | Delhi, India |
To see the full peer comparison of Shavo Technologies Private Limited, buy the company report.
Auditor
Shavo Technologies Private Limited is audited by N M DANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N M DANI & CO | FY 2023 | 102115W |
Shareholding
The shareholding of Shavo Technologies 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shavo Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.08 Cr
Satisfied charges
₹30.71 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2021 | 100491461 | City Union Bank Limited | ₹13.07 Lakh | Open | |
| 17 Nov 2020 | 100390953 | City Union Bank Limited | ₹20 Lakh | Open | |
| 30 Dec 2009 | 10193041 | Axis Bank Limited | ₹4.5 Cr | Open | |
| 04 Dec 2007 | 10077274 | Bank of Maharashtra | ₹25 Lakh | Open | |
| 27 Jan 2017 | 100132371 | Hdfc Bank Limited | ₹7.71 Lakh | Satisfied |
To see the full charge records of Shavo Technologies Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Shavo Technologies Private Limited has 1 court case on record: 1 filed by Shavo Technologies. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against M/S Kinetix Solutions Pvt Ltd and 3 others | Disposed |
To see the full case history of Shavo Technologies 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.
Credit ratings & regulatory alerts
Shavo Technologies Private Limited was last rated by Crisil on 26 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Feb 2021 |
To see the full credit ratings and regulatory alerts of Shavo Technologies Private Limited, buy the company report.
MSME payment delays
Shavo Technologies Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Tubefit Engineers | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Shavo Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Shavo Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCS6870C1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shavo Technologies Private Limited, buy the company report.
Recent activity
Shavo Technologies Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Rani Harkishan Shah ceased to be Additional Director on 30 Sep 2015.
AGM
Shavo Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Shavo Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited of Rs. 450.00 Lakh registered on 30 Dec 2009 with Charge ID 10193041 was modified on 17 Aug 2023.
Charges
A charge registered on 27 Jan 2017 via Charge ID 100132371 with Hdfc Bank Limited was fully satisfied on 19 Oct 2022.
Charges
A charge with City Union Bank Limited amounted to Rs. 13.07 Lakh with Charge ID 100491461 was registered on 03 Sep 2021.
Charges
A charge with City Union Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 100390953 was registered on 17 Nov 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.71 Lakh with Charge ID 100132371 was registered on 27 Jan 2017.
Ceased
Rani Harkishan Shah ceased to be Additional Director.
Appointed
Rani Harkishan Shah was appointed as Director.
Ceased
Harkishan Keshavji Shah ceased to be Director.
Charges
A charge registered on 24 Aug 2007 via Charge ID 10075003 with Citi Bank N.A. was fully satisfied on 06 Jan 2010.
Charges
A charge with Axis Bank Limited amounted to Rs. 450.00 Lakh with Charge ID 10193041 was registered on 30 Dec 2009.
7 earlier events are in the company report.
Frequently asked questions
Shavo Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 28 July 1995 (31+ years old) and is registered under CIN U51900MH1995PTC090823.
Shavo Technologies has 3 current directors:
- Rani Harkishan Shah - Director
- Shatul Harkishan Shah - Director
- Rushil Harkishan Shah - Director
The latest financial statements of Shavo Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shavo Technologies is 27AAFCS6870C1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shavo Technologies is U51900MH1995PTC090823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shavo Technologies has 1 court case on record: 1 filed by the company.
Shavo Technologies was incorporated on 28 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Shavo Technologies by revenue are Sea Stem Limited, Amtek Instruments Private Limited, Silverwater Metals and Minerals Private Limited, Teknion Furniture Systems (India) Private Limited, Marvel Machine Tools Private Limited and 1 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Rani Harkishan Shah ceased to be Additional Director on 30 Sep 2015. Rani Harkishan Shah was appointed as Director on 16 Jan 2015. Harkishan Keshavji Shah ceased to be Director on 14 Dec 2014. Shavo Technologies has 5 board changes on record in total.
Yes, Shavo Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0018011).
Shavo Technologies has 7 MSME Form 1 returns on record between 2019 and 2023, listing 63 overdue payments to 15 micro and small suppliers. The latest return was filed on 04 Nov 2023.
Shavo Technologies can be reached through the website shavogroup.com. Its registered office is in Mumbai, Maharashtra, India.