Mapro Industries

What Mapro Industries does

Mapro Industries Limited (BSE Scrip Code: 509762, ISIN: INE848M01019) is a publicly listed, small-cap Indian company headquartered in Mumbai. Incorporated on February 8, 1973 as Meena Air Products Limited (originally focused on industrial gases), the firm was renamed to Mapro Industries Limited on September 15, 1995 and migrated its registered office to Maharashtra in 1978. The company's own website and disclosures now describe its business as "Trading and infrastructure related activities," with no named product lines, proprietary technology stack, patents, certifications, or app offerings disclosed in the available material.

The firm employs between 11 and 50 people, has no disclosed partnerships, alliances, or named institutional customers, and operates exclusively on the domestic Indian market. Its sole investor-facing presence is via a basic HTML website (maproindustries.com), a dedicated investor email ([email protected]), and the share registry handled by Purva Sharegistry (India) Private Limited.

Financially, Mapro Industries is a micro-cap with total income of approximately ₹158.720 lakh (~USD 190,000) for FY26 and a Q1FY26 net profit of ₹25.80 lakh (EPS ₹0.31) — a 135% year-over-year swing from a prior-quarter ₹17.869 lakh loss. Despite the quarterly improvement, the share price has declined approximately 92.98% over the past year, placing it among the worst-performing stocks on Indian exchanges. The company effectively functions as a listed shell or holding entity at very small scale rather than an operating industrial business, with no visible AI capabilities, technology moat, or expansion pipeline.

Name

Mapro Industries

Legal name

Mapro Industries Limited

Website

https://maproindustries.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

Mapro Industries Limited is a publicly listed, micro-cap Indian company (BSE: 509762) headquartered in Mumbai, currently engaged in trading and infrastructure related activities, with no disclosed products, customers, or proprietary technology.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure

Distribution channels1 record

Core offering

Mapro Industries Limited operates in the field of trading and infrastructure related activities as a publicly listed Indian entity on BSE Limited. The company's primary activities involve general trading operations and infrastructure-related services for business customers in India. No specific product lines or detailed service offerings are documented beyond the broad trading and infrastructure scope stated on the company website.

Product overview

Mapro Industries Limited operates in the field of trading and infrastructure related activities. The company is a publicly listed entity on BSE (Scrip Code: 509762, ISIN: INE848M01019) with a registered office in Mumbai. Originally incorporated as Meena Air Products Limited in 1973, the company does not appear to offer named technology products, modules, or software services based on available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Trading Services General trading activities conducted by Mapro Industries Limited as part of its stated business operations in trading and infrastructure related activities for enterprise customers in India.
• Infrastructure Services Infrastructure-related activities conducted by Mapro Industries Limited as part of its stated business operations in trading and infrastructure related activities for enterprise customers in India.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights1 record

Broad incumbents

• Inox Air Products: Inox Air Products is one of India's largest industrial gas producers, jointly with Air Products. It operates in the same industrial and specialty gas manufacturing and distribution space that Mapro was originally set up to serve under Meena Air Products.
• Linde India: Linde India is a publicly listed, large-scale industrial and medical gas manufacturer and distributor serving Indian customers. It is the dominant incumbent in the same industrial gas category that Mapro's original Meena Air Products business operated in, making it a relevant scale benchmark.

Direct peers

• National Oxygen Limited: National Oxygen Limited is a small, listed Indian industrial gas manufacturer with a comparable size profile to Mapro's original industrial gas business. It competes in the same compressed and liquefied gas niches and is a direct comparability anchor for a small-cap Indian industrial gas name.
• Bombay Oxygen Corporation: Bombay Oxygen Corporation is a small, Mumbai-based industrial and medical gas company. Its product mix, customer base, and Mumbai operating base are highly comparable to Mapro's original industrial gas footprint under Meena Air Products.
• Ellenbarrie Industrial Gases: Ellenbarrie Industrial Gases is a mid-sized Indian industrial and medical gas company. Although larger than Mapro, it operates in the same manufacturing and merchant gas distribution segment, making it a close direct peer for industrial gas evaluation.

Emerging players

• Confidence Petroleum India: Confidence Petroleum India is a publicly listed Indian company active in LPG and industrial gas distribution and trading. Its mix of gas trading and infrastructure-style activities aligns with Mapro's current stated 'trading and infrastructure' business description.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat1 record

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mapro Industries