Mohit Industries Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 14.16 Cr
- Company Age 34 Year, 5 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 99.27 Cr
- Satisfied Charges ₹ 461.72 Cr
- Revenue Growth 0.04%
- Profit Growth -617.49%
- Ebitda -56.90%
- Net Worth 7.46%
- Total Assets 3.04%
About Mohit Industries
Mohit Industries Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 February 1991 and has a history of 34 years. Its registered office is in Surat, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531453 and on the National Stock Exchange(NSE) under MOHITIND.
The Company is engaged in the Manufacturing 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 25.00 Cr and a paid-up capital of Rs 14.16 Cr.
The company currently has active open charges totaling ₹99.27 Cr. The company has closed loans amounting to ₹461.72 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mohit Industries Limited India are Manish Saboo as CFO and Shrikanth Masarm as Company Secretary. Narayan Saboo, Naresh Saboo, Manish Saboo, and Three other members serve as directors at the Company.
Company Details
- Location
Surat, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
Industry
Who are the key members and board of directors at Mohit Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narayan Saboo  | Managing Director | 18-Feb-1991 | Current |
| Manish Saboo | CFO | 30-May-2014 | Current |
| Shrikanth Masarm | Company Secretary | 15-Feb-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Naresh Saboo | Director | 10-Mar-1998 | Current |
| Manish Saboo | Director and Cfo | 29-Sep-2011 | Current |
| Jayesh Gandhi | Director | 21-Nov-1994 | Current |
| Sachinkumar Jain | Director | 26-Aug-2005 | Current |
| Pragya Rahul | Director | 22-Mar-2014 | Current |
Financial Performance of Mohit Industries.
Mohit Industries Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.04% increase. The company also saw a substantial fall in profitability, with a 617.49% decrease in profit. The company's net worth moved up by a moderate rise of 7.46%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mohit Industries?
In 2023, Mohit Industries had a promoter holding of 54.32% and a public holding of 45.67%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mask Investments LimitedNarayan Saboo, Naresh Saboo and 1 more are mutual person
Mohit Overseas LimitedNarayan Saboo and Manish Saboo are mutual person
Bigbloc Construction LimitedNarayan Saboo and Naresh Saboo are mutual person
- Starbigbloc Building Material Limited
Narayan Saboo, Naresh Saboo and 1 more are mutual person
Mohit Filaments Private LimitedNarayan Saboo, Naresh Saboo and 1 more are mutual person
- Soul Clothing Private Limited
Narayan Saboo and Naresh Saboo are mutual person
Charges (Loans)
₹99.27 Cr
₹461.72 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 80.27 Cr
- Others : 19.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2022 | Axis Bank Limited | ₹51.70 Cr | Open |
| 16 Sep 2021 | Axis Bank Limited | ₹28.57 Cr | Open |
| 21 Apr 2012 | Others | ₹19.00 Cr | Open |
| 28 Jul 2021 | The South Indian Bank Limited | ₹0.09 M | Satisfied |
| 22 Mar 2019 | The South Indian Bank Limited | ₹31.54 Cr | Satisfied |
How Many Employees Work at Mohit Industries?
Mohit Industries has a workforce of 170 employees as of Mar 29, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mohit 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 Mohit Industries's trajectory.
Rating
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
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.
