Mohit Industries Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 14.16 Cr
- Company Age 34 Year, 1 Month
- 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 and one month. 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
Manufacturing
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 Limited
Narayan Saboo and Manish Saboo are mutual person
Bigbloc Construction LimitedNarayan Saboo and Naresh Saboo are mutual person
- Starbigbloc Building Material Limited
Narayan Saboo, Manish 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)
Open Charges
₹99.27 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Mohit Industries
Recent activity within the organization
- Annual General Meeting
Mohit Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Mohit Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Director Appointment
Shrikanth Masarm was appointed as a Company Secretary was appointed as a Company Secretary on 15 Feb 2024 & has been associated with this company since 1 year 1 month .
- Charges
A charge with Others of Rs. 19.00 Cr registered on 21 Apr 2012 with Charge ID 10355216 was modified on 31 Jan 2024.
- Charges
A charge registered on 14 Feb 2019 via Charge ID 100243044 with Others was fully satisfied on 23 Aug 2022.
- Charges
A charge with Axis Bank Limited amounted to Rs. 51.70 Cr with Charge ID 100558656 was registered on 28 Mar 2022.
Frequently asked questions
What is the Incorporation or founding date of Mohit Industries Limited?
Mohit Industries Limited was incorporated on 18 Feb 1991.
What is authorized share capital and paid-up capital of Mohit Industries Limited?
The authorized share capital of Mohit Industries Limited is ₹ 25.00 Cr and paid-up capital is ₹ 14.16 Cr.
Who are the current board members & directors of Mohit Industries Limited?
Currently 8 directors are associated with Mohit Industries Limited.
- Narayan Sitaram Saboo
- Naresh Sitaram Saboo
- Manish Narayan Saboo
- Jayesh Rasiklal Gandhi
- Sachinkumar Pramod Jain
- Pragya Memani Rahul
- Manish Narayan Saboo
- Shrikanth Masarm
What is the registered address of Mohit Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mohit Industries Limited is Office No. 908 9Th Floor Rajhans Montessa Dumas Road Magdalla, India, Choryasi, Gujarat, 395007.
What is the corporate identification number (CIN) and company number of Mohit Industries Limited?
The corporate identification number (CIN) of Mohit Industries Limited is L17119GJ1991PLC015074 and the company number is 015074 as per Ministry of Corporate Affairs (MCA).
Is Mohit Industries Limited registered with any stock exchange in India?
Yes, Mohit Industries Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): MOHITIND.
What is the official website of Mohit Industries Limited?
The Official website of Mohit Industries Limited is https://www.mohitindustries.com
What has been the recent revenue trend for Mohit Industries Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mohit Industries Limited has risen by 0.04%.
How many employees does Mohit Industries Limited currently have?
As Per 2023 financial reports, 170 employees are currently employed by Mohit Industries Limited.
What change has been observed in the net worth of Mohit Industries Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mohit Industries Limited has experienced an upsurge of 7.46%.
What are the total open charges for Mohit Industries Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mohit Industries Limited amount to ₹ 99.27 Cr.
When was the last Balance Sheet of Mohit Industries Limited filed with the ROC?
The most recent Balance Sheet for Mohit Industries Limited was filed with the ROC on 31 Mar 2024.
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