Maharashtra Small Scale Industries Development Corporation Limited

Supporting and promoting small industries in Maharashtra and Goa through financing and assistance.

1962 | Mumbai, Maharashtra (India) | Active
Last Updated: January 03, 2025

Maharashtra Small Scale Industries Development Corporation Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 14.50 Cr
  • Company Age 62 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 38.00 Cr
  • Revenue Growth -47.05%
  • Profit Growth -87.15%
  • Ebitda -127.73%
  • Net Worth 1.39%
  • Total Assets -17.14%

About Maharashtra Small Scale Industries Development Corporation

Maharashtra Small Scale Industries Development Corporation Limited (MSSIDCL) was founded in India on 19 October 1962 and has a glorious history of 62 years and four months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Trading Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 14.50 Cr.

The company currently has active open charges totaling ₹38.00 Cr.

The Key Managerial Personnel (KMP) at Maharashtra Small Scale Industries Development Corporation Limited India are Vijay Kapate as CFO and Akshay Pathak as Company Secretary. Rajendra Nimbalkar, Mohdtarique Farooqui, Manisha Verma, and Two other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U74999MH1962SGC012501

  • Company No.

    012501

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    19 Oct 1962

  • Date of AGM

    25 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Other Industry
Trading

Who are the key members and board of directors at Maharashtra Small Scale Industries Development Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajendra Nimbalkar Country flag representing In Managing Director03-Oct-2022Current
Vijay Kapate CFO01-Apr-2022Current
Akshay Pathak Company Secretary18-Jul-2022Current

Board Members (4)

NameDesignationAppointment DateStatus
Mohdtarique Farooqui Country flag representing In Nominee Director 01-Jul-2014Current
Manisha Verma Country flag representing In Nominee Director 01-Sep-2023Current
Deependra Kushwah Country flag representing In Nominee Director 16-Nov-2022Current
Anil Bhandari Country flag representing In Nominee Director 16-Mar-2023Current

Financial Performance of Maharashtra Small Scale Industries Development Corporation.

Maharashtra Small Scale Industries Development Corporation Limited, for the financial year ended 2015, experienced significant reduction in revenue, with a 47.05% decrease. The company also saw a substantial fall in profitability, with a 87.15% decrease in profit. The company's net worth moved up by a moderate rise of 1.39%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-47.05%
Revenue from Operations
-52.11%
Total Assets
-17.14%
Profit or Loss
-87.15%
Net Worth
1.39%
EBITDA
-127.73%

What is the Ownership and Shareholding Structure of Maharashtra Small Scale Industries Development Corporation?

In 2018, Maharashtra Small Scale Industries Development Corporation had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹38.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 33.00 Cr
  • Small Industries Development Bank Of India : 5.00 Cr

Latest Charge Details

DateLenderAmountStatus
27 May 1999State Bank Of India₹19.00 CrOpen
18 Oct 1998State Bank Of India₹1.75 CrOpen
18 Jun 1992Small Industries Development Bank Of India₹5.00 CrOpen
29 Apr 1991State Bank Of India₹10.00 CrOpen
30 Jan 1987State Bank Of India₹7.50 MOpen

How Many Employees Work at Maharashtra Small Scale Industries Development Corporation?

Unlock and access historical data on people associated with Maharashtra Small Scale Industries Development Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Small Scale Industries Development Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Small Scale Industries Development Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Maharashtra Small Scale Industries Development Corporation

Recent activity within the organization

  • Annual General Meeting

    Maharashtra Small Scale Industries Development Corporation Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.

    25 Sep 2024

  • Balance Sheet

    Maharashtra Small Scale Industries Development Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Manisha Verma was appointed as a Nominee Director was appointed as a Nominee Director on 01 Sep 2023 & has been associated with this company since 1 year 5 months .

    01 Sep 2023

  • Director Appointment

    Anil Bhandari was appointed as a Nominee Director was appointed as a Nominee Director on 16 Mar 2023 & has been associated with this company since 1 year 11 months .

    16 Mar 2023

  • Director Appointment

    Deependra Singh Kushwah was appointed as a Nominee Director was appointed as a Nominee Director on 16 Nov 2022 & has been associated with this company since 2 years 3 months .

    16 Nov 2022

  • Director Appointment

    Rajendra Vijayrao Nimbalkar was appointed as a Managing Director was appointed as a Managing Director on 03 Oct 2022 & has been associated with this company since 2 years 4 months .

    03 Oct 2022

Frequently asked questions

  • Maharashtra Small Scale Industries Development Corporation Limited was incorporated on 19 Oct 1962.

  • The authorized share capital of Maharashtra Small Scale Industries Development Corporation Limited is ₹ 20.00 Cr and paid-up capital is ₹ 14.50 Cr.

  • Currently 7 directors are associated with Maharashtra Small Scale Industries Development Corporation Limited.

    • Rajendra Vijayrao Nimbalkar
    • Mohdtarique Mohdyunus Farooqui
    • Manisha Verma
    • Deependra Singh Kushwah
    • Vijay Digambar Kapate
    • Akshay Shrikrishna Pathak
    • Anil Bhandari
  • As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra Small Scale Industries Development Corporation Limited is Krupanidhi 9, W.H.Marge Ballard Estate India, Mumbai, Maharashtra, 400001.

  • The corporate identification number (CIN) of Maharashtra Small Scale Industries Development Corporation Limited is U74999MH1962SGC012501 and the company number is 012501 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Maharashtra Small Scale Industries Development Corporation Limited is https://www.mssidc.maharashtra.gov.in

  • According to the financial reports for the fiscal year 2015, the revenue trend for Maharashtra Small Scale Industries Development Corporation Limited has fallen by -47.05%.

  • The financial reports for the fiscal year 2015 indicates that The net worth of Maharashtra Small Scale Industries Development Corporation Limited has experienced an upsurge of 1.39%.

  • As per the financial statements for fiscal Year 2015, The total open charges for Maharashtra Small Scale Industries Development Corporation Limited amount to ₹ 38.00 Cr.

  • The most recent Balance Sheet for Maharashtra Small Scale Industries Development Corporation Limited was filed with the ROC on 31 Mar 2024.

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