Compete Tools Private Limited

Supplier of pneumatic, electric, and material handling tools for industrial needs since 1996.

1996 | Mumbai, Maharashtra (India) | Active
Last Updated: January 24, 2025

Compete Tools Profile

Key Indicators

  • Authorised Capital ₹ 3.00 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 29 Year, 7 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.99 Cr
  • Revenue Growth 21.18%
  • Profit Growth 190.86%
  • Ebitda 42.45%
  • Net Worth 4.01%
  • Total Assets -11.38%

About Compete Tools

Compete Tools Private Limited (CTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 February 1996 and has a history of 29 years. Its registered office is in Mumbai, Maharashtra, India.

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 3.00 M and a paid-up capital of Rs 2.00 M.

The company currently has active open charges totaling ₹3.99 Cr.

Ramesh Shah and Nishit Shah serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    competetools.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51900MH1996PTC097366

  • Company No.

    097366

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Feb 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Compete Tools Private Limited offer?

Compete Tools Private Limited offers a wide range of products and services, including Office Stationery & Calculator, Office Automation Equipments, Hydraulic & Pneumatic Tools, Air Spray Gun, Surface Coating & Paint Equipment, Paint Applicators, Hydraulic Machines, Hydraulic Press, Industrial Valves & Valve Fittings, Industrial Valves.

Who are the key members and board of directors at Compete Tools?

Board Members (2)

NameDesignationAppointment DateStatus
Ramesh Shah Country flag representing In Director 16-Feb-1996Current
Nishit Shah Country flag representing In Director 05-Oct-2007Current

Financial Performance of Compete Tools.

Compete Tools Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.18% increase. The company also saw a substantial improvement in profitability, with a 190.86% increase in profit. The company's net worth moved up by a moderate rise of 4.01%.

Graph illustrating revenue growth over time
Graph showing 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
21.18%
Revenue from Operations
21.08%
Total Assets
-11.38%
Profit or Loss
190.86%
Net Worth
4.01%
EBITDA
42.45%

What is the Ownership and Shareholding Structure of Compete Tools?

Unlock access to Compete Tools's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹39.90 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 3.99 Cr

Latest Charge Details

DateLenderAmountStatus
10 Jun 2020Others₹4.90 MOpen
08 Dec 1997Others₹3.50 CrOpen

How Many Employees Work at Compete Tools?

Compete Tools has a workforce of 11 employees as of Mar 31, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Compete Tools, 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 Compete Tools'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 Compete Tools

Recent activity within the organization

  • Annual General Meeting

    Compete Tools Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Others of Rs. 35.00 M registered on 08 Dec 1997 with Charge ID 90142057 was modified on 27 Jun 2024.

    27 Jun 2024

  • Balance Sheet

    Compete Tools Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 4.90 M with Charge ID 100344099 was registered on 10 Jun 2020.

    10 Jun 2020

  • Director Appointment

    Nishit Ramesh Shah was appointed as a Director was appointed as a Director on 05 Oct 2007 & has been associated with this company since 17 years 4 months .

    05 Oct 2007

  • Charges

    A charge with Others amounted to Rs. 35.00 M with Charge ID 90142057 was registered on 08 Dec 1997.

    08 Dec 1997

Frequently asked questions

  • Compete Tools Private Limited was incorporated on 16 Feb 1996.

  • The authorized share capital of Compete Tools Private Limited is ₹ 3.00 M and paid-up capital is ₹ 2.00 M.

  • Currently 2 directors are associated with Compete Tools Private Limited.

    • Ramesh Shantilal Shah
    • Nishit Ramesh Shah
  • As per Ministry of Corporate Affairs (Mca), the registered address of Compete Tools Private Limited is 17 Floor-1 163 Maskati Blgd Narayan Dhuru Street Pydhonie Mandvi, India, Mumbai, Maharashtra, 400003.

  • The corporate identification number (CIN) of Compete Tools Private Limited is U51900MH1996PTC097366 and the company number is 097366 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Compete Tools Private Limited is https://www.competetools.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Compete Tools Private Limited has risen by 21.18%.

  • As Per 2023 financial reports, 11 employees are currently employed by Compete Tools Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Compete Tools Private Limited has experienced an upsurge of 4.01%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Compete Tools Private Limited amount to ₹ 3.99 Cr.

  • The most recent Balance Sheet for Compete Tools Private Limited was filed with the ROC on 31 Mar 2024.

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