Mutual Industries Limited - Company overview

Mutual-Industries is an active public limited company registered with ROC Mumbai I on 28 September 1990, more than 36 years ago.

1990-09-28 Mumbai, Maharashtra Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹100–500 Cr
▼ -6.0%
FY 2024
PROFIT / LOSS
₹1–5 Cr
▲ 180.5%
FY 2024
EBITDA
₹1–5 Cr
▲ 268.9%
FY 2024
NET WORTH
₹100–500 Cr
▲ 2.8%
FY 2024
TOTAL ASSETS
₹100–500 Cr
▼ -16.5%
FY 2024
EMPLOYEE COUNT
191–200
OPEN CHARGES
16
-
PAID-UP CAPITAL
5.64 cr
AUTHORISED CAPITAL
10.00 cr
COMPANY AGE
36 Years 1 Months
since 1990-09-28
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-30
ACTIVE GST
4
Updated: 2024-11-07 17:41:29
SATISFIED CHARGES
57
628.94 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Mutual-Industries covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Low risk
83/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (74), financial health (80), director (95) and company-foundation signals.
  • Operating for 36+ years.
Compliance Score Moderate
74/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score Low risk
80/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2024.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 5 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Mutual-Industries Company identity, industry, contact, and registration details from MCA and company records.

Mutual-Industries is an active public limited company registered with ROC Mumbai I on 28 September 1990, more than 36 years ago. The registered office is at 701/702, Heritage Plaza, Gundavali, Mumbai, Maharashtra. It was earlier known as Mutual Mecaplast Ltd.

In its MCA filings the main business is listed as plastic products, non-metallic mineral products, rubber products, fabricated metal products, which made up 100% of turnover.

It has five directors: Apurva Kiritkumar Gandhi, Apurva Kiritkumar Gandhi, Drumil Jayantilal Gandhi and 2 others. The longest-serving is Drumil Jayantilal Gandhi, on the board since 2011; the most recent to join is Harnish Dharamdas Juthani, appointed in April 2022. Eight former directors are on record; the most recent to leave was Boman Khushroo Moradian in September 2021. Between them, the directors also sit on the boards of 10 other companies, including Mov Seating Solutions India Private Limited and Mudra Enterprise LLP.

₹5.64 crore of its ₹10 crore authorised capital is paid up (about 56%). Its latest balance sheet on MCA is for the year ending 31 March 2025, and the last AGM was on 30 September 2025. 16 charges (secured loans) are still open, with Hdfc Bank Limited among the lenders, and 57 more have been paid off.

Manufacturing ••••••••
  • Location 701/702, Heritage Plaza, Gundavali,, Mumbai, Maharashtra - 400069
  • Website mutual-industries.com
Name History
Legal NameMutual Industries Limited
CIN / LLPINU99999MH1990PLC058368
Company No.058368
ClassificationPublic Limited Indian Non-Government Company
Incorporation Date1990-09-28
Date of AGM2025-09-30
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Mumbai I
Credit RatingA (Crisil)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Mutual-Industries (5) Current board members from MCA filings, including designation and appointment details.

A
Apurva Kiritkumar Gandhi
CFO | Since 2014-09-29
A
Whole-time director | Since 2019-08-08 | DIN: 01998974
D
Director | Since 2011-03-14 | DIN: 03560719
H
Whole-time director | Since 2011-03-14 | DIN: 03477195
H
Director | Since 2022-04-07 | DIN: 00215437

Financial Performance of Mutual-Industries Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2024
Revenue ₹100–500 Cr ▼ -6.0%
P&L ₹1–5 Cr ▲ 180.5%
EBITDA ₹1–5 Cr ▲ 268.9%
Net worth ₹100–500 Cr ▲ 2.8%

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Charges of Mutual-Industries Open and satisfied charges registered against the company with MCA.

Others : 31.58 cr
Hdfc Bank Limited : 2.80 cr
Open Charges: 16 Satisfied Charges: 57
Open -
Satisfied 628.94 cr
LenderAmountStatus
Others
Creation Date: 25 Aug 2026
79.00 Lakh Open
Others
Creation Date: 07 Aug 2026
79.00 Lakh Open
Hdfc Bank Limited
Creation Date: 22 Jul 2026
2.80 cr Open

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
ManufacturingPlastic products, non-metallic mineral products, rubber products, fabricated metal products100

Financial Ratios of Mutual-Industries Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

10 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Mutual-Industries Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Mutual-Industries EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

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Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Mutual-Industries GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Mutual-Industries Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

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Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Mutual-Industries MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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Subsidiaries & Group Companies of Mutual-Industries Parent, subsidiary, and related group entities. Full ownership map unlocks with your report.

1 subsidiary on record

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Parent company Subsidiaries and ownership Associates and joint ventures Entity investments

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MCA Filings & Documents of Mutual-Industries Official MCA forms, returns, and filing index. Document access unlocks with your report.

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Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Mutual-Industries Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Mutual-Industries?
MCA does not publish an "owner" field. Mutual-Industries is run by its directors, Apurva Kiritkumar Gandhi, Apurva Kiritkumar Gandhi, Drumil Jayantilal Gandhi and two others. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Mutual-Industries?
Mutual-Industries has five current directors: Apurva Kiritkumar Gandhi (since September 2014), Apurva Kiritkumar Gandhi (since August 2019), Drumil Jayantilal Gandhi (since March 2011), Harin Kiritkumar Gandhi (since March 2011) and Harnish Dharamdas Juthani (since April 2022).
What is CIN of Mutual-Industries?
The CIN of Mutual-Industries is U99999MH1990PLC058368. Reading it left to right: U means it is not listed, 99999 is the industry code it registered under, MH is Maharashtra, 1990 is the year it was registered, PLC is the company type and 058368 is its registration number.
When was Mutual-Industries incorporated?
Mutual-Industries was incorporated on 28 September 1990 with ROC Mumbai I. That makes it more than 36 years old.
What is the registered address of Mutual-Industries?
The registered office on MCA records is 701/702, Heritage Plaza, Gundavali, Mumbai, Maharashtra - 400069.
What is the current status of Mutual-Industries?
MCA shows Mutual-Industries as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Mutual-Industries?
You can post to its registered office at 701/702, Heritage Plaza, Gundavali, Mumbai, Maharashtra - 400069 and use its website, https://mutual-industries.com.
What industry or business activity is Mutual-Industries associated with?
Its MCA filings list the main business as plastic products, non-metallic mineral products, rubber products, fabricated metal products (100% of turnover).
What is paid-up capital and authorised share capital of Mutual-Industries?
Paid-up capital is ₹5.64 crore and authorised capital is ₹10 crore, so about 56% of the authorised amount has been issued.
When did Mutual-Industries last file accounts and hold an AGM?
The last AGM on record was on 30 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Mutual-Industries?
16 charges against Mutual-Industries are still open and 57 have been satisfied. Lenders named in the filings include Hdfc Bank Limited.
Have any directors left Mutual-Industries?
Yes, eight former directors are on record. The most recent to leave were Boman Khushroo Moradian (September 2021), Dharmendra Kantilal Gandhi (August 2019) and Jayasinh Vallabhdas Mariwala (June 2019).
Which companies share directors with Mutual-Industries?
10 companies share directors with Mutual-Industries. Among them are Mov Seating Solutions India Private Limited, Mudra Enterprise LLP, Mutual Styl Monde Private Limited and 7 more.
What is the turnover or revenue of Mutual-Industries?
Based on filed financial statements, the revenue of Mutual-Industries for FY 2024 was in the ₹100–500 Cr range. That is down 6.0% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Mutual-Industries?
For FY 2024, the net worth of Mutual-Industries was in the ₹100–500 Cr range.
How can I get the financial details of Mutual-Industries?
The latest accounts on record are for FY 2024. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Mutual-Industries?
The website on record for Mutual-Industries is https://mutual-industries.com.
Which company owns mutual-industries.com?
mutual-industries.com is the website listed for Mutual Industries Limited in its company records.
Mutual-Industries - is it listed or unlisted?
Mutual-Industries is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Mutual-Industries?
Mutual-Industries is registered with ROC Mumbai I.
What is the company classification of Mutual-Industries?
MCA classifies Mutual-Industries as: Public Limited Indian Non-Government Company.
Does Mutual-Industries have subsidiaries?
Yes, one subsidiary is on record for Mutual-Industries.
Does Mutual-Industries have GST registrations on file?
Yes, 4 active GST registrations are linked to Mutual-Industries, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.