About Worthington Nitin Cylinders Private Limited
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Worthington Nitin Cylinders Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Worthington Industries Mauritius. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 27 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27109MH2006PTC164954. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.84 Cr. It was formerly known as Worthington Nitin Cylinders Limited and Nitin Cylinders Limited. It is led by directors including Nitin Mansukhlal Shah and Gopal Krishna Ganesh Prasad Shahi.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 501 Delta Technology Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.69 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹1.92 Cr and EBITDA of -₹1.92 Cr. Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 51% over five years.
As per MCA filings, the company has satisfied charges of ₹108.13 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it. The company has 1 deal on record (1 acquisition); the latest was in December 2010.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website nitinfire.com.
Company details
Name history
Worthington Nitin Cylinders has undergone 2 name changes throughout its history. The company was previously known as Worthington Nitin Cylinders Limited, and Nitin Cylinders Limited. The current legal name is Worthington Nitin Cylinders Private Limited.
| Company Name | Status |
|---|---|
| Worthington Nitin Cylinders Private Limited | Current |
| Worthington Nitin Cylinders Limited | Previous |
| Nitin Cylinders Limited | Previous |
CIN history
Worthington Nitin Cylinders has one previous CIN (Corporate Identification Number): U27109MH2006PLC164954. The current CIN is U27109MH2006PTC164954, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109MH2006PTC164954 | Current |
| U27109MH2006PLC164954 | Previous |
Contact details
Worthington Nitin Cylinders Private Limited's registered office is in Mumbai, Maharashtra. Its website is nitinfire.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address501 Delta Technology Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Worthington Nitin Cylinders 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 Worthington Nitin Cylinders Private Limited
FY 2025 filings availableWorthington Nitin Cylinders Private Limited reported revenue of ₹8.69 Lakh (down 85% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 85% fall in the latest year. EBITDA fell 550% 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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| EBITDA | -₹1.92 Cr | ||||
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| Net Profit (PAT) | -₹1.92 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Worthington Nitin Cylinders Private Limited, buy the company report.
Board of directors of Worthington Nitin Cylinders Private Limited
Worthington Nitin Cylinders has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Mansukhlal Shah | Director | 27 Sep 2006 | 20 Years 1 Months | Current |
| Gopal Krishna Ganesh Prasad Shahi Also directs: Eurotech Cylinders Private Limited | Director | 21 May 2018 | 8 Years 5 Months | Current |
| Allan Marcelline Lopes Also directs: Eurotech Cylinders Private Limited | Director Appointed In Casual Vacancy | 19 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Worthington Nitin Cylinders Private Limited is audited by Rakesh Shah & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rakesh Shah & Associates | FY 2022 | 118418W |
Shareholding
The shareholding of Worthington Nitin Cylinders Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Worthington Nitin Cylinders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2008 | 10137021 | Dena Bank | ₹41.6 Cr | Satisfied | |
| 01 Nov 2008 | 10133425 | Yes Bank Limited | ₹10 Cr | Satisfied | |
| 30 Nov 2007 | 10083968 | State Bank of Hyderabad | ₹15 Cr | Satisfied | |
| 25 Nov 2006 | 10028810 | State Bank of India | ₹24.53 Cr | Satisfied | |
| 24 Nov 2006 | 10030518 | State Bank of Hyderabad | ₹17 Cr | Satisfied |
To see the full charge records of Worthington Nitin Cylinders Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Worthington Nitin Cylinders Private Limited has 1 deal on record (1 acquisition); the latest was in December 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2010 | Acquisition | ₹94.77 Cr | Buyer: Worthington Industries Inc. Seller: Nitin Fire Protection Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Worthington Nitin Cylinders Private Limited has 7 court cases on record: 6 filed by Worthington Nitin Cylinders, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax, Central - 2 | Disposed |
| High Court | Writ petition | Filed by the company against The State of Andhra Pradesh Represented by Its Principal and 82 others | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh Represented by Its Principal and 82 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Standard Chartered Bank Ltd. | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Standard Chartered Bank Ltd. | Disposed |
To see the full case history of Worthington Nitin Cylinders 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 Worthington Nitin Cylinders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Worthington Nitin Cylinders has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Worthington Nitin Cylinders Private Limited, buy the company report.
Recent activity
Worthington Nitin Cylinders Private Limited has 15 board changes on record since 2006: 3 appointments and 12 cessations. The latest: Allan Marcelline Lopes was appointed as Director Appointed In Casual Vacancy on 19 Sep 2025.
17 earlier events are in the company report.
Frequently asked questions
Worthington Nitin Cylinders is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 27 September 2006 (20+ years old) and is registered under CIN U27109MH2006PTC164954.
Worthington Nitin Cylinders has 3 current directors:
- Nitin Mansukhlal Shah - Director
- Gopal Krishna Ganesh Prasad Shahi - Director
- Allan Marcelline Lopes - Director Appointed In Casual Vacancy
The latest financial statements of Worthington Nitin Cylinders on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Worthington Nitin Cylinders has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Worthington Nitin Cylinders is U27109MH2006PTC164954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Worthington Nitin Cylinders has 7 court cases on record: 6 filed by the company and 1 filed against it. Most are in the high courts.
Worthington Nitin Cylinders was incorporated on 27 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Worthington Nitin Cylinders has 1 deal on record (1 acquisition); the latest was in December 2010.
Allan Marcelline Lopes was appointed as Director Appointed In Casual Vacancy on 19 Sep 2025. Gopal Krishna Ganesh Prasad Shahi was appointed as Director on 21 May 2018. Bikash Jhawar ceased to be Alternate Director on 01 Jul 2015. Worthington Nitin Cylinders has 15 board changes on record in total.
Worthington Nitin Cylinders can be reached through the website nitinfire.com. Its registered office is in Mumbai, Maharashtra, India.
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