Company Intelligence Profile
Muhavra Enterprises Private Limited
Muhavra Enterprises Pvt Ltd operates Blue Tokai Coffee, a leading Indian specialty coffee roaster and omnichannel (D2C + cafe) brand, incorporated 2012, CIN U15492HR2012PTC047234, headquartered in Gurgaon, Haryana.
Last updated 17 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Partial / conflicting| Registered name | Muhavra Enterprises Private Limited |
|---|---|
| CIN | U15492HR2012PTC047234 |
| PAN | AAICM1839L |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 26 September 2012 |
| ROC | Conflicting: Tofler states RoC-Haryana; flagged as a source conflict. |
| Sector (NIC) |
|
| Registered address | Plot No. 320, Phase II, Udyog Vihar, Sector 20, DLF Phase II, Gurgaon (Gurugram), Haryana, India – 122008 |
| Authorized capital | approx. Rs 4.29–4.3 crore |
| Paid-up capital | approx. Rs 2.8 crore |
Business Overview
Confirmed- Muhavra Enterprises Private Limited operates as "Blue Tokai Coffee," one of India's leading specialty coffee roasters and D2C/omnichannel coffee brands
- It sources green coffee directly from farms/estates (own and partner farms), roasts and sells whole beans, ground coffee, cold brew, ready-to-drink concentrate, and brewing equipment through its website, e-commerce marketplaces, and a growing network of physical cafes across major Indian cities
- The company has been expanding retail footprint and is pursuing international expansion into markets such as Dubai and Japan
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Matthew Joseph Chitharanjan | 06368646 | Director | 26 Sep 2012 |
| Namrata Asthana | 06368654 | - | 26 Sep 2012 |
| Christopher Leigh Kolenaty | 06477674 | - | 02 Jun 2015 |
| Shuchi Hemendra Kothari | 03243097 | - | - |
| Abhay Kumar Pandey | 01650845 | - | 13 Jan 2023 |
| Prasun Agarwal | 09533854 | - | 13 Jan 2023 |
| Manvitha Janagam | 07190309 | - | 02 Sep 2024 |
| Shivam Shahi ( | 10002921 | - | 18 Dec 2022 |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 06AAICM1839L1Z6 | Haryana | AAICM1839L (Tofler; consistent with GSTIN checksums found, e.g. 06AAICM1839L1Z6) | Active |
| 06AAICM1839L2Z5 | Haryana | AAICM1839L (Tofler; consistent with GSTIN checksums found, e.g. 06AAICM1839L1Z6) | - |
| 29AAICM1839L2ZX | Karnataka | AAICM1839L (Tofler; consistent with GSTIN checksums found, e.g. 06AAICM1839L1Z6) | - |
| 04AAICM1839L1ZA | Chandigarh | AAICM1839L (Tofler; consistent with GSTIN checksums found, e.g. 06AAICM1839L1Z6) | - |
| 09AAICM1839L1Z0 | Uttar Pradesh | AAICM1839L (Tofler; consistent with GSTIN checksums found, e.g. 06AAICM1839L1Z6) | - |
| 05AAICM1839L2Z7 | Uttarakhand | AAICM1839L (Tofler; consistent with GSTIN checksums found, e.g. 06AAICM1839L1Z6) | - |
PAN AAICM1839L underlies multiple state GST registrations identified via aggregator search (knowyourgst.com, mastersindia.co, piceapp.com, gst.jamku.app, fnshiftsolutions.com — not independently re-verified on each dedicated page, so treated as partial): 06AAICM1839L1Z6 (Haryana — home state; earliest registration, effective 01 Jul 2017, status Active/Regular taxpayer — likely the primary/original GSTIN); 06AAICM1839L2Z5 (Haryana — Gurugram, registered 17 Nov 2020, likely a re-registration or additional Haryana registration); 29AAICM1839L2ZX (Karnataka/Bengaluru Urban, registered 08 Jan 2021); 04AAICM1839L1ZA (Chandigarh); 09AAICM1839L1Z0 (Uttar Pradesh); 05AAICM1839L2Z7 (Uttarakhand, registered 30 Jul 2025). Suggests 6+ state GST registrations consistent with a pan-India cafe/retail footprint. Not obtained: exact current count/status of all registrations from a single authoritative source.
Financials
Partial / conflicting- Latest reported FY2025 (standalone; year-end not explicitly stated, presumably FYE 31 Mar 2025) — figures conflict slightly between sources: Tofler: Revenue Rs 325.4 Cr, EBITDA Rs -24.7 Cr, PAT Rs -50.2 Cr, Net Worth Rs 277.0 Cr, Total Borrowings Rs 46.5 Cr (borrowings up 89.2% YoY, net worth up 37.81% YoY)
- TheCompanyCheck: Revenue Rs 332.7 Cr (~50% YoY growth), EBITDA and PAT figures locked behind paywall
- ~2,059 employees as of 26 Sep 2025
- Given the ~2% variance in revenue figure and inability to cross-verify EBITDA/PAT on a second free source, financials are rated partial confidence
- Company remains loss-making (negative EBITDA and PAT) despite strong topline growth
Funding
Confirmed- Aggregated via multiple outlets: Bridge round, June 2025 — USD 25 million (~Rs 220 Cr) from existing investors A91 Partners, Anicut Capital, Verlinvest, and 12 Flags, earmarked for retail scale-up, back-end infrastructure, and international expansion (Dubai, Japan)
- Series C, September 2024 — USD 35 million
- Series B, January 2023 — USD 30 million
- Cumulative funding to date reported as approximately USD 106–113 million across 12–13 rounds from 68–75 investors
Charges / Loans
Partial / conflicting- Charge holder: HDFC Bank Limited
- Exact aggregate figures conflict between sources — Tofler reports 3 open charges totaling ~Rs 90 Cr (Rs 10 Cr modified 11 Mar 2025; Rs 65 Cr modified 10 Mar 2025; Rs 15 Cr created 01 Aug 2024); flagged as a conflict
- Overall: company has active secured borrowings from HDFC Bank in the tens-of-crores range; precise current open-charge total is partial confidence
Legal (Indian Kanoon)
Partial / conflicting- One case located on Indian Kanoon: Sandeep Kumar vs. Union Territory of Chandigarh, Punjab & Haryana High Court, decided 10 February 2025
- The judgment references Mr. Dhiraj Singh as the authorized signatory of "M/s Muhavra Enterprises Private Limited," a company incorporated under the Companies Act 2013, in connection with a document dated 23 January 2024 (Ref: DD 028229), with a contact email referencing bluetokaicoffee.com — confirming the Blue Tokai brand linkage
- No other litigation identified; single-source finding, so rated partial confidence
Competitors
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