Mohite Industries Limited

Cotton spinning company with 36,000 spindles and a 10-megawatt hydropower plant.

1990 | Kolhapur, Maharashtra (India) | Active
Last Updated:

Mohite Industries Profile

Key Indicators

  • Authorised Capital ₹ 26.00 Cr
  • Paid Up Capital ₹ 20.10 Cr
  • Company Age 34 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 123.98 Cr
  • Satisfied Charges ₹ 204.29 Cr
  • Revenue Growth -47.46%
  • Profit Growth -19.65%
  • Ebitda 11.48%
  • Net Worth 2.93%
  • Total Assets 8.09%

About Mohite Industries

Mohite Industries Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 October 1990 and has a history of 34 years and four months. Its registered office is in Kolhapur, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532140.

The Corporate was formerly known as R M Mohite Industries Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 26.00 Cr and a paid-up capital of Rs 20.10 Cr.

The company currently has active open charges totaling ₹123.98 Cr. The company has closed loans amounting to ₹204.29 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mohite Industries Limited India are Parasharam Adav as COMPANY SECRETARY and Priyanka Patil as Cfo. Shivaji Mohite, Monika Mohite, Nikhil Nawandhar, and Three other members serve as directors at the Company.

Company Details

  • Location

    Kolhapur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mohite.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L40108MH1990PLC058774

  • Company No.

    058774

  • Stock Symbol

    BSE : 532140

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 Oct 1990

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Pune

Industry

Manufacturing

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

Executive Team (4)

NameDesignationAppointment DateStatus
Shivaji Mohite Country flag representing In Managing Director14-Sep-2001Current
Monika Mohite Country flag representing In Managing Director27-Jun-2008Current
Parasharam Adav Country flag representing In Company Secretary25-May-2023Current
Priyanka Patil Country flag representing In CFO29-Mar-2019Current

Board Members (4)

NameDesignationAppointment DateStatus
Bhushan Deshpande Country flag representing In Director 24-Oct-2020Current
Nikhil Nawandhar Country flag representing In Director 24-Oct-2020Current
Abhay Bhide Country flag representing In Whole-Time Director 01-Oct-2012Current
Annasaheb More Country flag representing In Director 24-Oct-2020Current

Financial Performance of Mohite Industries.

Mohite Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 47.46% decrease. The company also saw a substantial fall in profitability, with a 19.65% decrease in profit. The company's net worth moved up by a moderate rise of 2.93%.

Mohite Industries revenue growth over time
Mohite 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
-47.46%
Revenue from Operations
-47.55%
Total Assets
8.09%
Profit or Loss
-19.65%
Net Worth
2.93%
EBITDA
11.48%

What is the Ownership and Shareholding Structure of Mohite Industries?

In 2022, Mohite Industries had a promoter holding of 68.82% and a public holding of 31.17%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹123.98 Cr

Satisfied Charges

₹204.29 Cr

Charges Breakdown by Lending Institutions

  • Others : 91.12 Cr
  • Lic Housing Finance Ltd : 30.00 Cr
  • Tata Capital Financial Services Limited : 2.86 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jan 2024Others₹17.50 CrOpen
27 Mar 2023Others₹9.99 CrOpen
05 Aug 2022Others₹15.50 CrOpen
30 Jun 2019Tata Capital Financial Services Limited₹2.86 CrOpen
05 Apr 2017Others₹20.81 CrOpen

How Many Employees Work at Mohite Industries?

Mohite Industries has a workforce of 301 employees as of Mar 30, 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 Mohite Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mohite 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 Mohite 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 Mohite Industries

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 17.50 Cr with Charge ID 100883077 was registered on 30 Jan 2024.

  • Annual General Meeting

    Mohite Industries Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Mohite Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

  • Charges

    A charge with Others amounted to Rs. 9.99 Cr with Charge ID 100701740 was registered on 27 Mar 2023.

  • Charges

    A charge registered on 19 Nov 2019 via Charge ID 100306528 with Others was fully satisfied on 10 Mar 2023.

  • Charges

    A charge with Others amounted to Rs. 15.50 Cr with Charge ID 100632184 was registered on 05 Aug 2022.

Frequently asked questions

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

    Mohite Industries Limited was incorporated on 31 Oct 1990.

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

    The authorized share capital of Mohite Industries Limited is ₹ 26.00 Cr and paid-up capital is ₹ 20.10 Cr.

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

    Currently 8 directors are associated with Mohite Industries Limited.

    • Shivaji Ramchandra Mohite
    • Monika Shivaji Mohite
    • Nikhil Vijay Nawandhar
    • Abhay Shamrao Bhide
    • Bhushan Madhukar Deshpande
    • Annasaheb Dhondiba More
    • Parasharam Ramchandra Adav
    • Priyanka Abhijit Patil

  • What is the registered address of Mohite Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mohite Industries Limited is R.S. No. 347 Ambapwadi Phata N. H. 4 Vadgaon. Dist - Kolhapur, Maharashtra, India, 416112.

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

    The corporate identification number (CIN) of Mohite Industries Limited is L40108MH1990PLC058774 and the company number is 058774 as per Ministry of Corporate Affairs (MCA).

  • Is Mohite Industries Limited registered with any stock exchange in India?

    Yes, Mohite Industries Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Mohite Industries Limited?

    The Official website of Mohite Industries Limited is https://www.mohite.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Mohite Industries Limited has fallen by -47.46%.

  • How many employees does Mohite Industries Limited currently have?

    As Per 2023 financial reports, 301 employees are currently employed by Mohite Industries Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Mohite Industries Limited has experienced an upsurge of 2.93%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Mohite Industries Limited amount to ₹ 123.98 Cr.

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

    The most recent Balance Sheet for Mohite Industries Limited was filed with the ROC on 31 Mar 2023.

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