Mutual Industries Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.64 Cr
- Company Age 34 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 151.17 Cr
- Satisfied Charges ₹ 628.94 Cr
- Revenue Growth -5.98%
- Profit Growth 180.48%
- Ebitda 268.94%
- Net Worth 2.79%
- Total Assets -16.52%
About Mutual Industries
Mutual Industries Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 September 1990 and has a history of 34 years and six months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Mutual Mecaplast Ltd. 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 10.00 Cr and a paid-up capital of Rs 5.64 Cr.
The company currently has active open charges totaling ₹151.17 Cr. The company has closed loans amounting to ₹628.94 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mutual Industries Limited India is Apurva Gandhi as CFO. Boman Moradian, Apurva Gandhi, Harin Gandhi, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U99999MH1990PLC058368
- Company No.
058368
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Sep 1990
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Manufacturing
What products or services does Mutual Industries Limited offer?
Mutual Industries Limited offers a wide range of products and services, including Special Purpose Vehicle, Architectural Designing Services, Engineering Design Services, Die Casting Mould & Moulding Tools, Aluminum Molds, Material Handling Machines & Systems, Material Handling Equipments, Material Handling Systems, Injection Moulds, Injection Molding.
Mutual Industries Limited
Explore comprehensive data for Mutual Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Mutual Industries?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Apurva Gandhi  | CFO | 29-Sep-2014 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Apurva Gandhi | Whole-Time Director and Cfo | 08-Aug-2019 | Current |
| Boman Moradian | Director | 30-Jul-2016 | Current |
| Harin Gandhi | Whole-Time Director | 14-Mar-2011 | Current |
| Drumil Gandhi | Director | 14-Mar-2011 | Current |
| Harnish Juthani | Director | 07-Apr-2022 | Current |
Financial Performance of Mutual Industries.
Mutual Industries Limited, for the financial year ended 2024, experienced Minor drop in revenue, with a 5.98% decrease. The company also saw a substantial improvement in profitability, with a 180.48% increase in profit. The company's net worth moved up by a moderate rise of 2.79%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mutual Industries?
In 2023, Mutual Industries had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sukhras Machines Private LimitedBoman Moradian is a mutual person
Mutual Engineering Private LimitedDrumil Gandhi is a mutual person
Mutual Automotive Private LimitedDrumil Gandhi is a mutual person
Kabra Extrusion Technik LtdBoman Moradian is a mutual person
- Mutual Styl Monde Private Limited
Apurva Gandhi and Harin Gandhi are mutual person
Arnish Laborates Private LimitedHarnish Juthani is a mutual person
Charges (Loans)
Open Charges
₹151.17 Cr
Satisfied Charges
₹628.94 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 113.32 Cr
- Others : 37.85 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jul 2024 | Others | ₹3.50 Cr | Open |
| 25 Oct 2023 | Others | ₹15.25 Cr | Open |
| 07 Mar 2022 | Others | ₹2.10 Cr | Open |
| 10 Mar 2021 | Others | ₹1.00 Cr | Open |
| 23 Feb 2021 | Others | ₹1.00 Cr | Open |
How Many Employees Work at Mutual Industries?
Mutual Industries has a workforce of 191 employees as of Nov 07, 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 Mutual 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 Mutual 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 Mutual Industries
Recent activity within the organization
- Annual General Meeting
Mutual Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100989050 was registered on 03 Jul 2024.
- Charges
A charge registered on 10 Jul 2020 via Charge ID 100355487 with Hdfc Bank Limited was fully satisfied on 03 Apr 2024.
- Balance Sheet
Mutual Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 15.25 Cr with Charge ID 100813756 was registered on 25 Oct 2023.
- Charges
A charge with Others of Rs. 2.10 Cr registered on 07 Mar 2022 with Charge ID 100552015 was modified on 27 Jul 2022.
Frequently asked questions
What is the Incorporation or founding date of Mutual Industries Limited?
Mutual Industries Limited was incorporated on 28 Sep 1990.
What is authorized share capital and paid-up capital of Mutual Industries Limited?
The authorized share capital of Mutual Industries Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.64 Cr.
Who are the current board members & directors of Mutual Industries Limited?
Currently 6 directors are associated with Mutual Industries Limited.
- Boman Khushroo Moradian
- Apurva Kiritkumar Gandhi
- Harin Kiritkumar Gandhi
- Drumil Jayantilal Gandhi
- Apurva Kiritkumar Gandhi
- Harnish Dharamdas Juthani
What is the registered address of Mutual Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mutual Industries Limited is 701/702 Heritage Plaza Gundavali Nityanand Nagar, Telli Galli X Road India, Mumbai, Maharashtra, 400069.
What is the corporate identification number (CIN) and company number of Mutual Industries Limited?
The corporate identification number (CIN) of Mutual Industries Limited is U99999MH1990PLC058368 and the company number is 058368 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mutual Industries Limited?
The Official website of Mutual Industries Limited is https://www.mutual-industries.com
What has been the recent revenue trend for Mutual Industries Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Mutual Industries Limited has fallen by -5.98%.
How many employees does Mutual Industries Limited currently have?
As Per 2024 financial reports, 191 employees are currently employed by Mutual Industries Limited.
What change has been observed in the net worth of Mutual Industries Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Mutual Industries Limited has experienced an upsurge of 2.79%.
What are the total open charges for Mutual Industries Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Mutual Industries Limited amount to ₹ 151.17 Cr.
When was the last Balance Sheet of Mutual Industries Limited filed with the ROC?
The most recent Balance Sheet for Mutual Industries Limited was filed with the ROC on 31 Mar 2024.
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