Pitti Industries Private Limited

Manufacturer and supplier of electrical stampings, stator packs, and die-cast rotors for various applications.

2006 | Tumkur, Karnataka (India) | Active
Last Updated:

Pitti Industries Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.09 Cr
  • Company Age 19 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 100.00 Cr
  • Satisfied Charges ₹ 98.48 Cr
  • Revenue Growth 11.52%
  • Profit Growth -38.96%
  • Ebitda -6.49%
  • Net Worth 24.58%
  • Total Assets -10.83%

About Pitti Industries

Pitti Industries Private Limited (PIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 January 2006 and has a history of 19 years and one month. Its registered office is in Tumkur, Karnataka, India.

The Corporate was formerly known as Ivy Michigan Technologies Private Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.09 Cr.

The company currently has active open charges totaling ₹100.00 Cr. The company has closed loans amounting to ₹98.48 Cr, as per Ministry of Corporate Affairs (MCA) records.

Akshay Pitti, Chaitra Sundaresh, Yogender Sahgal, and One other member serve as directors at the Company.

Company Details

  • Location

    Tumkur, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31200KA2006PTC038273

  • Company No.

    038273

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Jan 2006

  • Date of AGM

    22 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Machinery and Equipment

Who are the key members and board of directors at Pitti Industries?

Executive Team (1)

NameDesignationAppointment DateStatus
Chaitra Sundaresh Country flag representing In Managing Director19-Jan-2006Current

Board Members (3)

NameDesignationAppointment DateStatus
Akshay Pitti Country flag representing In Director 06-May-2024Current
Yogender Sahgal Country flag representing In Director 06-May-2024Current
Sandip Agarwala Country flag representing In Director 06-May-2024Current

Financial Performance of Pitti Industries.

Bagadia Chaitra Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.52% increase. The company also saw a substantial fall in profitability, with a 38.96% decrease in profit. The company's net worth Soared by an impressive increase of 24.58%.

Pitti Industries revenue growth over time
Pitti Industries profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
11.52%
Revenue from Operations
11.38%
Total Assets
-10.83%
Profit or Loss
-38.96%
Net Worth
24.58%
EBITDA
-6.49%

What is the Ownership and Shareholding Structure of Pitti Industries?

In 2023, Pitti Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹100.00 Cr

Satisfied Charges

₹98.48 Cr

Charges Breakdown by Lending Institutions

  • Others : 100.00 Cr

Latest Charge Details

DateLenderAmountStatus
04 Jul 2024Others₹100.00 CrOpen
24 Dec 2023Others₹2.00 CrSatisfied
24 Dec 2021Yes Bank Limited₹11.80 CrSatisfied
21 Dec 2021Yes Bank Limited₹4.80 CrSatisfied
30 Mar 2021Tata Capital Financial Services Limited₹3.00 CrSatisfied

How Many Employees Work at Pitti Industries?

Pitti Industries has a workforce of 338 employees as of May 17, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Pitti Industries Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Pitti Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Pitti Industries's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Pitti Industries

Recent activity within the organization

  • Charges

    A charge registered on 30 Mar 2021 via Charge ID 100434202 with Tata Capital Financial Services Limited was fully satisfied on 22 Jul 2024.

  • Annual General Meeting

    Pitti Industries Private Limited last Annual general meeting of members was held on 22 Jul 2024 as per latest MCA records.

  • Charges

    A charge registered on 21 Dec 2021 via Charge ID 100526806 with Yes Bank Limited was fully satisfied on 19 Jul 2024.

  • Charges

    A charge registered on 29 Sep 2011 via Charge ID 10313654 with Axis Bank Limited was fully satisfied on 08 Jul 2024.

  • Charges

    A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100950098 was registered on 04 Jul 2024.

  • Charges

    A charge registered on 05 Sep 2019 via Charge ID 100285435 with Yes Bank Limited was fully satisfied on 24 Jun 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Pitti Industries Private Limited?

    Pitti Industries Private Limited was incorporated on 19 Jan 2006.

  • What is authorized share capital and paid-up capital of Pitti Industries Private Limited?

    The authorized share capital of Pitti Industries Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.09 Cr.

  • Who are the current board members & directors of Pitti Industries Private Limited?

    Currently 4 directors are associated with Pitti Industries Private Limited.

    • Akshay Sharad Pitti
    • Chaitra Sundaresh
    • Yogender Bahadur Sahgal
    • Sandip Agarwala

  • What is the registered address of Pitti Industries Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Pitti Industries Private Limited is Plot No.7 8 Kiadb Industrial Area Vasanthanarasapura Ii Phase Yalladaddlu, Kora Hobli India, Tumakuru, Karnataka, 572128.

  • What is the corporate identification number (CIN) and company number of Pitti Industries Private Limited?

    The corporate identification number (CIN) of Pitti Industries Private Limited is U31200KA2006PTC038273 and the company number is 038273 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Pitti Industries Private Limited?

    The Official website of Pitti Industries Private Limited is https://www.bcipl.net

  • What has been the recent revenue trend for Pitti Industries Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Pitti Industries Private Limited has risen by 11.52%.

  • How many employees does Pitti Industries Private Limited currently have?

    As Per 2023 financial reports, 338 employees are currently employed by Pitti Industries Private Limited.

  • What change has been observed in the net worth of Pitti Industries Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Pitti Industries Private Limited has experienced an upsurge of 24.58%.

  • What are the total open charges for Pitti Industries Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Pitti Industries Private Limited amount to ₹ 100.00 Cr.

  • When was the last Balance Sheet of Pitti Industries Private Limited filed with the ROC?

    The most recent Balance Sheet for Pitti Industries Private Limited was filed with the ROC on 31 Mar 2024.

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