Festo India Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
as on 01-08-2024
- Paid Up Capital ₹ 2.75 Cr
as on 01-08-2024
- Company Age 38 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 5.45 Cr
as on 01-08-2024
- Revenue 35.64%
(FY 2022)
- Profit 98.69%
(FY 2022)
- Ebitda 71.29%
(FY 2022)
- Net Worth 7.34%
(FY 2022)
- Total Assets 6.91%
(FY 2022)
About Festo India
The Corporate was formerly known as Festo Controls Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 2.75 Cr.
The company has closed loans amounting to ₹5.45 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Rashmikant Joshi, Piyushkumar Shah, Sudarsan Varadaraj, and One other member serve as directors at the Company.
- CIN/LLPIN
U29220KA1986PTC007449
- Company No.
007449
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Feb 1986
- Date of AGM
26 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Festo India Private Limited offer?
Festo India Private Limited offers a wide range of products and services, including Filter Assemblies and Spare Parts, Filter Components, Industrial & Engineering Goods, Industrial Silencers, Intelligence and Spying Devices, Robot Machine, Industrial Valves & Valve Fittings, Check Valves, Switches & Switch Boxes, Rotary Switch.
Who are the key members and board of directors at Festo India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rashmikant Joshi  | Managing Director | 01-Apr-2002 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Piyushkumar Shah | Whole-Time Director | 01-Apr-2002 | Current |
| Sudarsan Varadaraj | Director | 16-Apr-2000 | Current |
Sebastian Beck  | Director | 05-Jun-2017 | Current |
Financial Performance and Corporate Structure Insights of Festo India.
Festo India Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 35.64% increase. The company also saw a substantial improvement in profitability, with a 98.69% increase in profit. The company's net worth moved up by a moderate rise of 7.34%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Festo India?
In 2023, Festo India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Kovilpatti Lakshmi Roller Flour Mills LimitedActive 63 years 4 daysSudarsan Varadaraj is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
The Hongkong And Shanghai Banking Corporation Limited Creation Date: 26 Aug 2015 | ₹4.50 Cr | Satisfied |
The Vysya Bank Ltd Creation Date: 06 Feb 1992 | ₹6.00 M | Satisfied |
The Vysya Bank Ltd Creation Date: 27 Jan 1989 | ₹0.30 M | Satisfied |
How Many Employees Work at Festo India?
Festo India has a workforce of 699 employees as of Aug 01, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Festo India, 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 Festo India's trajectory.
Rating
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
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.
