Mangal Industries Limited

Manufacturer of metal fabrication, batteries, auto components, fasteners, storage solutions, and industrial tools.

1990 | Chittoor, Andhra Pradesh (India) | Active
Last Updated:

Mangal Industries Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 13.90 Cr
  • Company Age 34 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 409.50 Cr
  • Satisfied Charges ₹ 210.33 Cr
  • Revenue Growth -23.38%
  • Profit Growth -27.30%
  • Ebitda -35.42%
  • Net Worth -21.51%
  • Total Assets -20.12%

About Mangal Industries

Mangal Industries Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 November 1990 and has a history of 34 years and three months. Its registered office is in Chittoor, Andhra Pradesh, India.

The Corporate was formerly known as Harsha Electronics Pvt Ltd. The Company is engaged in the Machinery And Equipment 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 15.00 Cr and a paid-up capital of Rs 13.90 Cr.

The company currently has active open charges totaling ₹409.50 Cr. The company has closed loans amounting to ₹210.33 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mangal Industries Limited India are Gudula Kumar as CFO and Ravi Puvvada as Company Secretary. Galla Jayadev, Chandakacharla Durgesh, Ashok Galla, and Two other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U15122AP1990PLC011932

  • Company No.

    011932

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    09 Nov 1990

  • Date of AGM

    29 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Machinery and Equipment
Engineering

What products or services does Mangal Industries Limited offer?

Mangal Industries Limited offers a wide range of products and services, including Enclosures & Cabinets, Metal Enclosures, Networking Solutions, Networking Storage Solution, Automotive Battery, Amaron Automotive Batteries, Machine Parts, Sheet Metals, Quality Inspection Service, Quality Analysis Services.

Who are the key members and board of directors at Mangal Industries?

Executive Team (2)

NameDesignationAppointment DateStatus
Gudula Kumar Country flag representing In CFO08-Jul-2016Current
Ravi Puvvada Company Secretary11-Jun-2018Current

Board Members (5)

NameDesignationAppointment DateStatus
Harshavardhana Gourineni Country flag representing In Director 04-Nov-2015Current
Galla Jayadev Country flag representing In Director 02-Dec-2000Current
Chandakacharla Durgesh Country flag representing In Additional Director 17-Oct-2024Current
Ashok Galla Country flag representing In Whole-Time Director 25-May-2017Current
Gayatri Gogate Additional Director 17-Oct-2024Current

Financial Performance of Mangal Industries.

Mangal Industries Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 23.38% decrease. The company also saw a substantial fall in profitability, with a 27.3% decrease in profit. The company's net worth observed a substantial decline by a decrease of 21.51%.

Mangal Industries revenue growth over time
Mangal Industries 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
-23.38%
Revenue from Operations
-23.91%
Total Assets
-20.12%
Profit or Loss
-27.30%
Net Worth
-21.51%
EBITDA
-35.42%

What is the Ownership and Shareholding Structure of Mangal Industries?

In 2024, Mangal Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹409.50 Cr

Satisfied Charges

₹210.33 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 324.50 Cr
  • Others : 55.00 Cr
  • Axis Bank Limited : 30.00 Cr

Latest Charge Details

DateLenderAmountStatus
22 Nov 2021Axis Bank Limited₹30.00 CrOpen
22 Jun 2020Others₹40.00 CrOpen
20 Jun 2013State Bank Of India₹324.50 CrOpen
18 Jan 2006Others₹15.00 CrOpen
15 Mar 2017Citi Bank N.A.₹40.00 CrSatisfied

How Many Employees Work at Mangal Industries?

Mangal Industries has a workforce of 2478 employees as of Nov 08, 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 Mangal Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mangal Industries, 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 Mangal Industries'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 Mangal Industries

Recent activity within the organization

  • Director Appointment

    Chandakacharla Narasimha Durgesh was appointed as a Additional Director was appointed as a Additional Director on 17 Oct 2024 & has been associated with this company since 4 months 15 days .

  • Director Appointment

    Gayatri Gogate was appointed as a Additional Director was appointed as a Additional Director on 17 Oct 2024 & has been associated with this company since 4 months 15 days .

  • Annual General Meeting

    Mangal Industries Limited last Annual general meeting of members was held on 29 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Mangal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 18 Jan 2006 with Charge ID 80015486 was modified on 22 Mar 2024.

  • Charges

    A charge with State Bank Of India of Rs. 324.50 Cr registered on 20 Jun 2013 with Charge ID 10436376 was modified on 15 Mar 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Mangal Industries Limited?

    Mangal Industries Limited was incorporated on 09 Nov 1990.

  • What is authorized share capital and paid-up capital of Mangal Industries Limited?

    The authorized share capital of Mangal Industries Limited is ₹ 15.00 Cr and paid-up capital is ₹ 13.90 Cr.

  • Who are the current board members & directors of Mangal Industries Limited?

    Currently 7 directors are associated with Mangal Industries Limited.

    • Galla Jayadev
    • Chandakacharla Narasimha Durgesh
    • Ashok Galla
    • Harshavardhana Gourineni
    • Gayatri Gogate
    • Gudula Satish Kumar
    • Ravi Kumar Puvvada

  • What is the registered address of Mangal Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mangal Industries Limited is Renigunta Cuddapah Road Korakambadi, Tirupathi. India, A.P., Andhra Pradesh, 517520.

  • What is the corporate identification number (CIN) and company number of Mangal Industries Limited?

    The corporate identification number (CIN) of Mangal Industries Limited is U15122AP1990PLC011932 and the company number is 011932 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mangal Industries Limited?

    The Official website of Mangal Industries Limited is https://www.mangalindustries.com

  • What has been the recent revenue trend for Mangal Industries Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Mangal Industries Limited has fallen by -23.38%.

  • How many employees does Mangal Industries Limited currently have?

    As Per 2024 financial reports, 2478 employees are currently employed by Mangal Industries Limited.

  • What change has been observed in the net worth of Mangal Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Mangal Industries Limited has experienced an downturn of -21.51%.

  • What are the total open charges for Mangal Industries Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Mangal Industries Limited amount to ₹ 409.50 Cr.

  • When was the last Balance Sheet of Mangal Industries Limited filed with the ROC?

    The most recent Balance Sheet for Mangal Industries Limited was filed with the ROC on 31 Mar 2024.

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