About Twinstar Industries Limited
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Twinstar Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L30007MH1994PLC079084. Its GSTIN is 27AAACT1529J1ZC (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 16 Apr 2026 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹22.46 Cr. It was formerly known as Twinstar Software Exports Limited. It is led by directors including Daulat Samirmal Mehta (Managing Director) and Dinesh Chand Sharma.
Its last annual general meeting (AGM) was held on 05 October 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹85.55 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹47.39 Lakh (net margin 0.6%) and EBITDA of ₹2.26 Cr (EBITDA margin 2.6%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Twinstar Industries. As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹50 Lakh on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 3 cases are pending. The company has 62 deals on record (62 market trades); the latest was in September 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website twinstar.in.
Company details
CIN history
Twinstar Industries has one previous CIN (Corporate Identification Number): U30007MH1994PLC079084. The current CIN is L30007MH1994PLC079084, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L30007MH1994PLC079084 | Current |
| U30007MH1994PLC079084 | Previous |
Contact details
Twinstar Industries Limited's registered office is in Mumbai, Maharashtra. Its website is twinstar.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address702 Acme Plaza Andheri Kurla Road, Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Twinstar Industries 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
Brands
Twinstar Industries operates one associated brand: Twinstar Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers software development and IT-enabled services to clients. | twinstar.in |
Business activity
The main business activities of Twinstar Industries are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Twinstar Industries Limited, buy the company report.
Financials of Twinstar Industries Limited
FY 2019 filings availableTwinstar Industries Limited reported revenue of ₹85.55 Cr (down 54% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 54% fall in the latest year. EBITDA rose 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹85.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹47.39 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Twinstar Industries Limited, buy the company report.
Board of directors of Twinstar Industries Limited
Twinstar Industries has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Chand Sharma Also directs: Vidhu Infracon Private Limited, Ib2btester Solutions Private Limited, Valuepitch Etechnologies Private Limited and 1 more | Director | 28 Sep 2018 | 8 Years 0 Months | Current |
| Ashutosh | Additional Director | 30 Nov 2019 | 6 Years 10 Months | Current |
| Daulat Samirmal Mehta Also directs: Originet Technologies Limited, Twin Star Holding and Finance Ltd., Radtech Technologies Private Limited and 1 more | Managing Director | 23 Jun 1994 | 32 Years 4 Months | Current |
Auditor
Twinstar Industries Limited is audited by GUPTA RAJ & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA RAJ & CO | FY 2019 | 001687N |
Shareholding
The shareholding of Twinstar Industries Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Twinstar Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 May 2013 | 10434984 | State Bank of India | ₹21 Cr | Open | |
| 28 Jan 2012 | 10333122 | Union Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Twinstar Industries Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Twinstar Industries Limited has 62 deals on record (62 market trades); the latest was in September 2021.
Deals on record (5 of 62)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Market trade | ₹3.4 Lakh | Buyer: Namita Stocktrade Private Limited Seller: an individual |
| Apr 2011 | Market trade | ₹10.8 Lakh | Buyer: an individual Seller: Namita Stocktrade Private Limited , an individual |
| Nov 2009 | Market trade | ₹5.9 Lakh | Buyer: an individual Seller: Namita Stocktrade Private Limited |
| Oct 2009 | Market trade | ₹8.9 Lakh | Buyer: an individual Seller: Namita Stocktrade Private Limited |
| Oct 2009 | Market trade | ₹5.7 Lakh | Buyer: an individual Seller: Namita Stocktrade Private Limited |
To see the full deal history of Twinstar Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Twinstar Industries Limited has 7 court cases on record: 3 filed by Twinstar Industries, 4 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 2 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against Union of India and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Bail application | Filed by the company against an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Recovery Officer Employyes State Insurance Corporation and Ors and 3 others | Disposed |
To see the full case history of Twinstar Industries 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 Twinstar Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Twinstar Industries Limited has a workforce of 16 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Twinstar Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT1529J1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Twinstar Industries Limited, buy the company report.
Recent activity
Twinstar Industries Limited has 23 board changes on record since 1994: 13 appointments and 10 cessations. The latest: Anita Kiran Dev Ravat ceased to be CFO on 03 Apr 2025.
18 earlier events are in the company report.
Frequently asked questions
Twinstar Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 June 1994 (32+ years old) and is registered under CIN L30007MH1994PLC079084.
Twinstar Industries has 3 current directors:
- Daulat Samirmal Mehta - Managing Director
- Dinesh Chand Sharma - Director
- Ashutosh - Additional Director
The latest financial statements of Twinstar Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 05 October 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Twinstar Industries is 27AAACT1529J1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Twinstar Industries is L30007MH1994PLC079084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Twinstar Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 16 Apr 2026 · compulsory delisting, and no longer trade on a stock exchange.
Twinstar Industries has 7 court cases on record: 3 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Twinstar Industries was incorporated on 20 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Twinstar Industries has 62 deals on record (62 market trades); the latest was in September 2021.
Anita Kiran Dev Ravat ceased to be CFO on 03 Apr 2025. Anand Tippaya Ampepagolu ceased to be Additional Director on 30 Nov 2019. Ashutosh was appointed as Additional Director on 30 Nov 2019. Twinstar Industries has 23 board changes on record in total.