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Mutual Industries Limited
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Registered Details

MUTUAL INDUSTRIES LIMITED

www.mutual-industries.com

All Companies ›

Maharashtra ›

Active

Updated: 09 Sep 2025

The company manufactures Plastic Products.

Mutual Industries Limited, is an unlisted public company incorporated on 28 September, 1990. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 10.00 cr and the total paid-up capital is INR 5.64 cr.

Subscription Plans

Industry and products

Community, Personal and Social Services

Plastic Injection molding, Themoforming, Designing, Coating

Company size

Auth Capital

₹ 10.0 Cr

Paidup Capital

₹ 5.6 Cr

Revenue

₹ 100-150 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

-5.98%

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EBITDA

268.94%

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Net Profit

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Networth

2.79%

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Borrowings

-27.04%

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Assets

-16.52%

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Gross Margin

1.88

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Operating Margin

3.24

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Net Profit Margin

6.96

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Return on Equity

6.18

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ROCE

1.88

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Debt to Equity

-0.2

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Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (5)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Harin Kiritkumar Gandhi Shareholder	03477195	15 years
Whole-time Director	Apurva Kiritkumar Gandhi Shareholder	01998974	6 years
Director	Harnish Dharamdas Juthani	00215437	3 years
Director	Boman Khushroo Moradian	00242123	9 years
Director	Drumil Jayantilal Gandhi Shareholder	03560719	15 years

Financial Highlights

Financials upto March 2024 available in Tofler Pro

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
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Balance Sheet

Standalone

Consolidated

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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	5.6	5.6	5.6	5.6	5.6
Reserves	143.8	149.1	153.9	150.7	155.1
Borrowings +	76.4	88.6	114.6	110.7	83.5
Long term borrowings	67.7	87.0	74.0	67.5	45.9
Short term borrowings	8.7	1.7	40.7	43.3	37.6
Trade payables +	17.1	10.9	13.4	36.8	13.6
Days payable	185.0	108.0	98.0	160.0	67.0
Other liabilities +	66.5	49.4	30.7	45.0	19.9
Other non-current liabilities	41.4	10.9	12.8	3.9	2.4
Other current liabilities	8.0	27.6	4.5	4.3	3.9
Total liabilities	292.2	292.7	304.9	312.0	264.1
Fixed Assets +	133.9	120.5	113.7	105.5	98.9
Tangible assets	133.4	120.0	113.7	105.5	98.9
CWIP	0.5	0.5	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	1.3	1.7	1.1	0.8	-
Other non-current assets	5.0	5.4	19.3	17.0	17.0
Current assets +	152.1	165.2	170.7	188.7	148.2
Inventories	9.0	10.3	11.6	21.7	12.6
Trade receivables	15.7	18.9	21.0	31.6	18.6
Cash and cash equivalents	2.9	11.0	2.5	1.6	0.3
ST loans and advances	15.4	16.9	14.9	14.1	12.5
Other current assets	109.1	108.1	120.9	119.6	104.2
Total assets	292.2	292.7	304.9	312.0	264.1

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.93	1.93	1.85	1.81	2.14
Reserves	49.19	50.93	50.47	48.29	58.74
Borrowings +	26.13	30.28	37.6	35.49	31.6
Long term borrowings	23.15	29.71	24.27	21.63	17.37
Short term borrowings	2.98	0.57	13.34	13.86	14.23
Trade payables	5.87	3.71	4.38	11.79	5.15
Other liabilities +	22.75	16.87	10.08	14.42	7.52
Other non-current liabilities	14.16	3.73	4.21	1.26	0.9
Other current liabilities	2.73	9.42	1.49	1.36	1.46
Total liabilities
Fixed Assets +	45.8	41.15	37.31	33.81	37.44
Tangible assets	45.64	40.99	37.31	33.81	37.44
CWIP	0.16	0.17	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	0.44	0.59	0.36	0.27	0.03
Other non-current assets	1.71	1.83	6.34	5.45	6.44
Current assets +	52.04	56.43	56.0	60.47	56.09
Inventories	3.07	3.53	3.79	6.97	4.77
Trade receivables	5.37	6.44	6.88	10.14	7.03
Cash and cash equivalents	0.99	3.74	0.81	0.5	0.11
ST loans and advances	5.28	5.78	4.88	4.52	4.72
Other current assets	37.34	36.94	39.64	38.35	39.46
Total assets

Total assets

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 3

Total Amount : 113.3 cr

Kotak Mahindra Bank Limited

No. of Loans: 4

Total Amount : 19.1 cr

360 ONE PRIME LIMITED

No. of Loans: 1

Total Amount : 15.2 cr

Charge Holder	Amount	Date of creation/modification
360 ONE PRIME LIMITED	15.2 cr	25 Oct, 2023
Kotak Mahindra Bank Limited	2.1 cr	27 Jul, 2022
HDFC Bank Limited	11.0 cr	10 Mar, 2021
Kotak Mahindra Bank Limited	1.0 cr	10 Mar, 2021
Kotak Mahindra Bank Limited	1.0 cr	23 Feb, 2021
HDFC Bank Limited	20.0 cr	15 Jul, 2020
Kotak Mahindra Bank Limited	15.0 cr	15 Jul, 2020
HDFC Bank Limited	82.3 cr	24 Jul, 2019

Charges

HDFC Bank Limited

Kotak Mahindra Bank Limited

360 ONE PRIME LIMITED

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
ARNISH LABORATES PRIVATE LIMITED	Active	2.0 L	1	Maharashtra
BOMBAY PAINTS LIMITED	Amalgamated	10.0 Cr	1
VIRTUAL SENSE GLOBAL TECHNOLOGIES PRIVATE LIMITED	Active	6.5 L	1	Maharashtra
KRYSTAL GLOBAL ENGINEERING LIMITED	Active	11.0 Cr	1
SUKHRAS MACHINES PRIVATE LIMITED	Active	5.0 L	1	Maharashtra
KABRA EXTRUSION TECHNIK LTD	Active	17.5 Cr	1	Maharashtra
MOV SEATING SOLUTIONS INDIA PRIVATE LIMITED	Active	1.0 L	2	Gujarat
MUTUAL STYL MONDE PRIVATE LIMITED	Active	20.0 L	2	Maharashtra
MUDRA ENTERPRISE LLP	Active	5.0 L	2	Maharashtra
DOUBLE ARROW CONSULTANCY PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
MAXIMUS CONSULTANCY PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
FORTHWAY DIMENSION CONSULTANCY PRIVATE LIMITED	Amalgamated	1.0 L	1	Maharashtra
MEPL SRUHAM PRODUCT ENGINEERING SOLUTIONS PRIVATE LIMITED	Strike Off	1.0 L	1	Maharashtra
MUTUAL ENGINEERING PRIVATE LIMITED	Active	22.9 Cr	1
MEPL SIDDHOHUM PRIVATE LIMITED	Active	2.0 Cr	1	Maharashtra
MUTUAL AUTOMOTIVE PRIVATE LIMITED	Active	20.3 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
MUTUAL STYL MONDE PRIVATE LIMITED	Maharashtra	2015	₹ 20.0 L

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U99999MH1990PLC058368

PAN

AAACM3522G

Incorporation

1990, 35.0 years

Company Email

co.sec@mutual-industries.com

Paid up Capital

₹ 5.6 Cr

Authorised Capital

₹ 10.0 Cr

AGM

Sep 2024

Type

Public

Others

FAQ - MUTUAL INDUSTRIES LIMITED

What is the incorporation date of MUTUAL INDUSTRIES LIMITED?

The incorporation date of MUTUAL INDUSTRIES LIMITED is 28 September, 1990

What is the authorized share capital of MUTUAL INDUSTRIES LIMITED?

The authorized share capital of MUTUAL INDUSTRIES LIMITED is INR ₹ 10.0 Cr.

What is the paid-up capital of MUTUAL INDUSTRIES LIMITED?

The paid-up capital of MUTUAL INDUSTRIES LIMITED is INR ₹ 5.6 Cr.

What is the registered address of MUTUAL INDUSTRIES LIMITED?

The registered address of MUTUAL INDUSTRIES LIMITED is 701/702, Heritage Plaza, Gundavali, Nityanand Nagar, Telli Galli X Road, Andheri East, Mumbai, Mumbai, Maharashtra, India, 400069 - 400069

What is the CIN number of MUTUAL INDUSTRIES LIMITED?

The CIN number of MUTUAL INDUSTRIES LIMITED is U99999MH1990PLC058368.

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