Company Intelligence Profile
Dropmat Solution Private Limited
Dropmat Solutions is a Navi Mumbai-based B2B procurement platform supplying ready-mix concrete, cement, steel, aggregates and other construction materials to residential, commercial and infrastructure projects across the Mumbai Metropolitan Region.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Dropmat Solution Private Limited |
|---|---|
| CIN | U45309MH2022PTC377358 |
| PAN | AAJCD1020B (derived from GSTIN 27AAJCD1020B1ZE structure — chars 3-12 of a GSTIN are the PAN; not independently confirmed on a dedicated PAN-lookup source, so treat as partial) |
| Status | Active |
| Listing | No — unlisted private limited company |
| Incorporated | 23 February 2022 (confirmed — TheCompanyCheck, Tofler) |
| ROC | RoC Mumbai (TheCompanyCheck, Falconebiz); Tofler shows RoC as "Maharashtra" generically — same jurisdiction, no real conflict |
| Sector (NIC) | Wholesale trading of construction materials — classified under "Metals and minerals / construction materials distribution" (TheCompanyCheck); Falconebiz tags it generically as "Construction industry." DPIIT-recognised Startup (TheCompanyCheck). |
| Registered address | Flat No 204, Aashiyana Avenue CHS, Plot No 6 & 7, Sector-3, Karanjade, Panvel, Raigad, Maharashtra – 410206 (confirmed — TheCompanyCheck, Tofler, company website) |
| Authorized capital | ₹10,00,000 (₹10 lakh) — confirmed, TheCompanyCheck + Tofler agree |
| Paid-up capital | ₹5,00,000 (₹5 lakh) — confirmed, TheCompanyCheck + Tofler agree |
Business Overview
Confirmed- Dropmat Solutions is a B2B commerce/procurement platform for the construction industry ("Future of Infra"), supplying ready-mix concrete (RMC), cement, aggregates, fly ash, admixtures, steel, blocks and premix bag concrete to residential, commercial and infrastructure projects
- Per the company's own website (archived snapshot, live site blocks direct bot access with HTTP 403), named clients/testimonials include Hiranandani (Powai), Chalet Hotels (Powai), Rustomjee (Prabhadevi), Godrej (Vikhroli), Shapoorji Pallonji & Co., Nina Percept, Savani Heritage Conservation, DGC Infrastructure, Prime Reality LLP, Amit Infra Logics and Nootan RMC
- Registered office in Panvel, Raigad
- correspondence/operating address at Gami Industrial Park, TTC Industrial Area, Pawane MIDC, Navi Mumbai – 400705
- LinkedIn lists company size as 11-50 employees (10 shown), founded 2022, phone 022-47498398 / +91 88288 82819, email info@dropmatsolution.com
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Mithilesh Kumar Dubey | 07461061 | appointed 23-Feb-2022 | 23-Feb-2022 |
| Ganesh Narendra Sagwekar | 09516736 | appointed 23-Feb-2022 | 23-Feb-2022 |
| Devendra Vijay Singh | 09249525 | appointed 23-Feb-2022 partial; appears on Falconebiz/Tofler only, not on TheCompanyCheck's free-tier director list | 23-Feb-2022 |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAJCD1020B1ZE | Maharashtra | AAJCD1020B (derived from GSTIN 27AAJCD1020B1ZE structure — chars 3-12 of a GSTIN are the PAN; not independently confirmed on a dedicated PAN-lookup source, so treat as partial) | Active |
Primary GSTIN: 27AAJCD1020B1ZE (Maharashtra) — found via cross-platform web search referencing KnowYourGST/Masters India aggregator listings (2+ independent search results agree); could not independently load a dedicated per-GSTIN verification page (KnowYourGST/gstsearch.in individual pages returned 404). PAN embedded in GSTIN: AAJCD1020B. Home state: Maharashtra. Number of registrations: only 1 confirmed (Maharashtra); presence of registrations in other states not obtained. Status: presumed active given company is Active and GST cited across current directory listings, but not explicitly confirmed on a live GSTN-status page — rate as partial.
Financials
Partial / conflictingCONFLICTING DATA BETWEEN SOURCES — flagged per instructions:
| TheCompanyCheck | FY2025 revenue ₹26.23 Cr, stated as +63% YoY growth |
|---|---|
| Tofler (data as of ~March 2025) | shows revenue DECLINED 6.49% YoY, net profit margin 7.03%, gross margin 0.27, ROE 7.53%, debt-to-equity 0.18; YoY changes — Net Profit +190.59%, Borrowings +47.15%, Net worth -7.96%, EBITDA -6.6% |
These two sources disagree on the direction of revenue growth for what appears to be the same reporting period; absolute EBITDA/PAT/net-worth/borrowings figures are locked behind premium tiers on both platforms and were not independently obtainable — reported as "not obtained." Standalone vs consolidated not specified by either source (likely standalone; no subsidiaries found).
Charges & Loans
Partial / conflicting- Conflicting/time-sensitive: TheCompanyCheck shows an OPEN charge of ₹1 crore registered 08-Jan-2026 (lender type: "Others"
- satisfied charges: ₹0)
- Tofler (likely a stale/earlier snapshot) states "no registered charges on assets." Given today's date (2026-08-07) postdates the Jan-2026 charge registration, TheCompanyCheck's figure is treated as more current
- the discrepancy is flagged rather than resolved since the specific lender name was not disclosed
Competitors
Partial / conflictingGeneral industry peers in the Indian B2B construction-materials procurement/RMC space (not entity-specific sourced, informed by general market knowledge — treat as indicative, not verified against a dedicated competitor-analysis source): 1. Infra.Market — large (unicorn, pan-India B2B construction materials marketplace, multi-billion-$ valuation) 2. OfBusiness — large (unicorn, B2B raw-material procurement + supply-chain financing) 3. Zetwerk — large (unicorn, adjacent B2B manufacturing/materials marketplace) 4. BuildSupply.in — small/mid (regional B2B construction materials supply platform) 5. Material Depot — small (B2B interior/building materials platform) 6. Nuvoco Vistas / UltraTech Concrete (RMC divisions) — large incumbent traditional RMC suppliers competing on the supply side
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