MAS Industries - About the company
MAS Industries is a seed company based in Mumbai (India), founded in 2003 by Mahmood Kazi and Aslam Mukaddam. It operates as a Manufacturer of elevator components and lift solutions. MAS Industries has raised $3.96M in funding, with a current valuation of ₹*****. The company has 729 active competitors, including 2 funded and 68 that have exited. Its top competitors include companies like Schindler, Otis and TK Elevator.
Company Details
Manufacturer of elevator components and lift solutions. The company specializes in the design, development, and production of complete lift systems, parking systems, and escalators. It provides a wide range of mechanical and safety components, including cabins, car frames, traction machines, door systems, and controllers. The business focuses on the manufacturing and distribution of spare parts and high technology lift equipment for various building types. It maintains a quality management system to ensure products comply with safety standards for the construction and installation of lifts.
- Website
- masind.net
- Social
- Email ID
- *****@masind.net
- Phone Number
- +91 **********
- Registered Address
- B-403, Jugal Jyoti CHS Ltd, 176 CST Road, Kalina, Santacruz (East), Vidyanagari, Mumbai, Mumbai, Maharashtra, India, 400098
Key Metrics
Founded Year
2003
Location
Mumbai, India
Stage
Seed
Total Funding
$3.96M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jan 29, 2025
Investors
Ranked
8th among 729 active competitors
Annual Revenue
₹500 - ₹1,000 Cr as on Mar 31, 2025
Employee Count
319 as on Mar 31, 2026
Legal entities associated with MAS Industries
MAS Industries is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MAS INDUSTRIES PRIVATE LIMITED CIN: U31900MH2003PTC142266 , India, Active | Sep 18, 2003 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 319 (As on Mar 01, 2026) |
Sign up to download MAS Industries' company profile
MAS Industries's funding and investors
MAS Industries has raised a total funding of $3.96M over 2 rounds. Its first funding round was on May 22, 2024. Its latest funding round was a Angel round on Nov 19, 2024 for $*****. 1 investor participated in its latest round. MAS Industries has 1 angel investor.
Here is the list of recent funding rounds of MAS Industries:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 19, 2024 | 2438066 | Angel | 8858361 | 1106113 | 8179253 | 3986770 |
May 22, 2024 | 9020993 | Angel | 4173473 | 4234510 | 1580569 |
Access funding benchmarks and valuations. Sign up today!View details of MAS Industries's funding rounds and investors
MAS Industries' founders and board of directors
Founder? Claim ProfileThe founders of MAS Industries are Mahmood Kazi and Aslam Mukaddam. Mudassar Mukadam is the CEO of MAS Industries.
Here are the details of MAS Industries' key team members:
- Mahmood Kazi: Co-Founder & Managing Director of MAS Industries. Contact Info: 1 email address
- Aslam Mukaddam: Co-Founder of MAS Industries. Contact Info: 1 email address
MAS Industries' Board of Directors
MAS Industries's board has 4 active members. Mahmood Mazhar Kazi, Mudassar Mohammed Aslam Mukadam and Ammar Mohamed Aslam Mukadam are part of team and Mohamed Aslam Abdul Gafoor Mukadam is independent board member.Here is the list of MAS Industries' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 23y 0m | |
daklij{ | Team | - | Current | 3y 7m |
rvubcvq | Team | - | Current | 1y 1m |
Independent board member | - | Current | 23y 0m |
View details of MAS Industries's Founder profiles and Board Members
MAS Industries' employee count trend
MAS Industries has 319 employees as of Mar 26. The total employee count is 22.0% more than what it was in Mar 25. Here is MAS Industries's employee count trend over the years:
Uncover MAS Industries' growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
MAS Industries's Competitors and alternates
Top competitors of MAS Industries include Schindler, Otis and TK Elevator. Here is the list of Top 10 competitors of MAS Industries, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Schindler 1874, Ebikon (Switzerland), Public | Provider of elevator maintenance and repair services | - | 65/100 | |
2nd | Otis 1853, Farmington (United States), Public | Manufacturer of elevators, escalators, and moving walkways for various industries | - | 64/100 | |
3rd |  TK Elevator 2002, Delhi (India), Acquired | Manufacturer of elevators, escalators, moving walks, boarding bridges, and home lifts | - | 58/100 | |
4th | Engineering and service company that provides elevators for smart buildings | - | 57/100 | ||
5th |  Johnson Lifts 1963, Chennai (India), Unfunded | Manufacturer of lifts and escalators | - | - | 55/100 |
6th | Manufacturer & supplier of lifts and elevators | - | 50/100 | ||
7th |  Hyundai Elevator 1984, Chungju-si (South Korea), Public | Manufacturer of elevators & escalators | - | 47/100 | |
8th |  MAS Industries 2003, Mumbai (India), Seed | Manufacturer of elevator components and lift solutions | $3.96M | - | 46/100 |
9th |  American Elevator Group 2020, New York City (United States), Acquired | Provider of elevator management services | - | - | 46/100 |
10th | ATIS Elevator Inspections 2013, Saint Louis (United States), Late Stage | Provider of premier elevator inspection services | - | 45/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on MAS Industries's competitors? Click here to see the top ones
MAS Industries's Latest cap tables and shareholding
Founders (largest shareholder) own 66.66%, Angels own 4.77% and Other People own 28.57%. The net worth of MAS Industries's founders is INR 464Cr as of Jan 29, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 66.66% | 464Cr | 3639563 | 3633038 | 5616638 | 9595975 |
9772407 | 7923148 | 8570690 | 7330433 | 2435820 | 5802460 | |
8388929 | 8505094 | 1966446 | 8656124 | 6086584 | 8988031 | |
Angel | 4.77% | 33.2Cr | 5519 | 4107 | 6594 | 7577 |
6082 | 1819 | 5240 | 7981 | 9250 | 4495 | |
Other People | 28.57% | 199Cr | 5653017 | 3421807 | 2490317 | 2186760 |
Total | 100.00% | 697Cr | 1966877 | 5283388 | 2948788 | 3043737 |
To unlock detailed Cap Table of MAS Industries Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of MAS Industries's Shareholding
MAS Industries's Investments and acquisitions
MAS Industries has made no investments or acquisitions yet.
Reports related to MAS Industries
Here is the latest report on MAS Industries's sector:
Are you a Founder ?
FAQs about MAS Industries
Explore our recently published companies
- Fowl & Fodder - Deadpooled company
- Ccpdc - Funabashi based, 2010 founded, Unfunded company
- Herutu - Japan based, 1972 founded, Unfunded company
- MITech Technology - New Zealand based, 1987 founded, Unfunded company
- Atlantic Pewter - Canada based, 1995 founded, Unfunded company
- Lightning Hood - 2018 founded, Unfunded company
