Maini Precision Products Limited

Manufacturer of precision automotive and aerospace components for global clients, with ISO certifications.

1973 | Bangalore, Karnataka (India) | Active
Last Updated:

Maini Precision Products Profile

Key Indicators

  • Authorised Capital ₹ 40.50 Cr
  • Paid Up Capital ₹ 10.49 Cr
  • Company Age 52 Year, 26 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 450.37 Cr
  • Satisfied Charges ₹ 471.54 Cr
  • Revenue Growth 34.19%
  • Profit Growth 692.30%
  • Ebitda 210.20%
  • Net Worth 268.04%
  • Total Assets 5.76%

About Maini Precision Products

Maini Precision Products Limited (MPPL) was founded in India on 03 March 1973 and has a glorious history of 52 years . Its registered office is in Bangalore, Karnataka, India.

The Corporate was formerly known as Maini Precision Products Private Limited. The Company is engaged in the Aviation Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 40.50 Cr and a paid-up capital of Rs 10.49 Cr.

The company currently has active open charges totaling ₹450.37 Cr. The company has closed loans amounting to ₹471.54 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Maini Precision Products Limited India are V Sridhar as CFO and Vijayesh Rajendran as Company Secretary. Kewal Nohria, Gautam Maini, Sandeep Maini, and Four other members serve as directors at the Company.

Company Details

  • Location

    Bangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27201KA1973PLC002307

  • Company No.

    002307

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    03 Mar 1973

  • Date of AGM

    28 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Aviation
Automobiles

What products or services does Maini Precision Products Limited offer?

Maini Precision Products Limited offers a wide range of products and services, including Sheet Metal & Turned Components, Machine Parts, Crates, Trays and Pallets, Packaging Trays, CNC Machined Components, Precision Machined Components, Metal Forgings, Steel Forgings, Metal Castings, CI Castings.

Who are the key members and board of directors at Maini Precision Products?

Executive Team (3)

NameDesignationAppointment DateStatus
Gautam Maini Country flag representing In Managing Director16-Oct-1989Current
V Sridhar Country flag representing In CFO11-Nov-2016Current
Vijayesh Rajendran Country flag representing In Company Secretary01-Mar-2018Current

Board Members (6)

NameDesignationAppointment DateStatus
Rukmani Menon Country flag representing In Director 22-Oct-2019Current
Rahul Matthan Country flag representing In Director 27-Oct-2021Current
Kewal Nohria Country flag representing In Director 26-Mar-1999Current
Sandeep Maini Country flag representing In Director 19-Sep-2007Current
Sridhar Venkatachari Country flag representing In Whole-Time Director and Cfo 08-Aug-2017Current
Niten Lalpuria Country flag representing In Director 22-Nov-2017Current

Financial Performance of Maini Precision Products.

Maini Precision Products Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.19% increase. The company also saw a substantial improvement in profitability, with a 692.3% increase in profit. The company's net worth Soared by an impressive increase of 268.04%.

Maini Precision Products revenue growth over time
Maini Precision Products 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
34.19%
Revenue from Operations
21.39%
Total Assets
5.76%
Profit or Loss
692.30%
Net Worth
268.04%
EBITDA
210.20%

What is the Ownership and Shareholding Structure of Maini Precision Products?

In 2023, Maini Precision Products had a promoter holding of 77.13% and a public holding of 22.88%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹450.37 Cr

Satisfied Charges

₹471.54 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 219.12 Cr
  • Others : 129.25 Cr
  • Axis Bank Limited : 102.00 Cr

Latest Charge Details

DateLenderAmountStatus
06 Sep 2023Hdfc Bank Limited₹15.00 CrOpen
13 Apr 2023Others₹10.00 CrOpen
29 Oct 2022Hdfc Bank Limited₹1.12 CrOpen
27 Mar 2021Others₹18.25 CrOpen
27 Feb 2021Hdfc Bank Limited₹13.00 CrOpen

How Many Employees Work at Maini Precision Products?

Maini Precision Products has a workforce of 2286 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Maini Precision Products Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maini Precision Products, 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 Maini Precision Products'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 Maini Precision Products

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 06 Sep 2023 with Charge ID 100786624 was modified on 04 Mar 2024.

  • Charges

    A charge with Others of Rs. 10.00 Cr registered on 13 Apr 2023 with Charge ID 100713847 was modified on 04 Mar 2024.

  • Charges

    A charge with Others of Rs. 18.25 Cr registered on 27 Mar 2021 with Charge ID 100437467 was modified on 04 Mar 2024.

  • Charges

    A charge with Others of Rs. 40.00 Cr registered on 25 Jun 2018 with Charge ID 100190355 was modified on 04 Mar 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 102.00 Cr registered on 22 Nov 2016 with Charge ID 100069571 was modified on 04 Mar 2024.

  • Annual General Meeting

    Maini Precision Products Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Maini Precision Products Limited?

    Maini Precision Products Limited was incorporated on 03 Mar 1973.

  • What is authorized share capital and paid-up capital of Maini Precision Products Limited?

    The authorized share capital of Maini Precision Products Limited is ₹ 40.50 Cr and paid-up capital is ₹ 10.49 Cr.

  • Who are the current board members & directors of Maini Precision Products Limited?

    Currently 9 directors are associated with Maini Precision Products Limited.

    • Kewal Krishan Nohria
    • Gautam Kumar Maini
    • Sandeep Kumar Maini
    • Rahul Matthan
    • Rukmani Menon
    • Sridhar Venkatachari
    • Niten Lalpuria
    • V Sridhar
    • Vijayesh Rajendran

  • What is the registered address of Maini Precision Products Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maini Precision Products Limited is B-165 3Rd Cross 1St Stage, Peenya Industrial Estate, Bangalore, Karnataka, India, 560058.

  • What is the corporate identification number (CIN) and company number of Maini Precision Products Limited?

    The corporate identification number (CIN) of Maini Precision Products Limited is U27201KA1973PLC002307 and the company number is 002307 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Maini Precision Products Limited?

    The Official website of Maini Precision Products Limited is https://www.mainiprecisionproducts.com

  • What has been the recent revenue trend for Maini Precision Products Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Maini Precision Products Limited has risen by 34.19%.

  • How many employees does Maini Precision Products Limited currently have?

    As Per 2023 financial reports, 2286 employees are currently employed by Maini Precision Products Limited.

  • What change has been observed in the net worth of Maini Precision Products Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Maini Precision Products Limited has experienced an upsurge of 268.04%.

  • What are the total open charges for Maini Precision Products Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Maini Precision Products Limited amount to ₹ 450.37 Cr.

  • When was the last Balance Sheet of Maini Precision Products Limited filed with the ROC?

    The most recent Balance Sheet for Maini Precision Products Limited was filed with the ROC on 31 Mar 2023.

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