Karnataka State Minerals Corporation Limited

Government-owned company engaged in eco-friendly exploration, exploitation, and marketing of various minerals and granites.

1966 | Bangaluru, Karnataka (India) | Active
Last Updated: December 25, 2024

Karnataka State Minerals Corporation Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 6.00 Cr
  • Company Age 58 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 209.12%
  • Profit Growth 266.69%
  • Ebitda 752.91%
  • Net Worth 18.45%
  • Total Assets 14.96%

About Karnataka State Minerals Corporation

Karnataka State Minerals Corporation Limited (KSMCL) was founded in India on 13 May 1966 and has a glorious history of 58 years and nine months. Its registered office is in Bangaluru, Karnataka, India.

The Corporate was formerly known as Mysore Minerals Limited. The Company is engaged in the Metals And Minerals 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 7.00 Cr and a paid-up capital of Rs 6.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vipul Bansal, Gurupadagouda Patil, Rgirish, and Four other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ksmcl.org

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U85110KA1966SGC001620

  • Company No.

    001620

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    13 May 1966

  • Date of AGM

    30 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Metals and Minerals

Who are the key members and board of directors at Karnataka State Minerals Corporation?

Executive Team (1)

NameDesignationAppointment DateStatus
Jayavibhava Swamy Country flag representing In Managing Director03-Jul-2023Current

Board Members (6)

NameDesignationAppointment DateStatus
Vipul Bansal Country flag representing In Nominee Director 25-Jul-2024Current
Gurupadagouda Patil Country flag representing In Nominee Director 09-Feb-2024Current
Rgirish Country flag representing In Nominee Director 26-Jul-2023Current
Sanjay Shettennavar Country flag representing In Nominee Director 22-Nov-2022Current
Parakkunnum Jaffer Country flag representing In Nominee Director 29-Aug-2023Current
Thrilokchandra Karthik Country flag representing In Nominee Director 09-Feb-2024Current

Financial Performance of Karnataka State Minerals Corporation.

Karnataka State Minerals Corporation Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 209.12% increase. The company also saw a substantial improvement in profitability, with a 266.69% increase in profit. The company's net worth Soared by an impressive increase of 18.45%.

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
209.12%
Revenue from Operations
372.95%
Total Assets
14.96%
Profit or Loss
266.69%
Net Worth
18.45%
EBITDA
752.91%

What is the Ownership and Shareholding Structure of Karnataka State Minerals Corporation?

In 2021, Karnataka State Minerals Corporation had a promoter holding of 99.16% and a public holding of 0.83%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Karnataka State Minerals Corporation?

Karnataka State Minerals Corporation has a workforce of 372 employees as of Apr 09, 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 Karnataka State Minerals Corporation, 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 Karnataka State Minerals Corporation'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 Karnataka State Minerals Corporation

Recent activity within the organization

  • Director Appointment

    Vipul Bansal was appointed as a Nominee Director was appointed as a Nominee Director on 25 Jul 2024 & has been associated with this company since 6 months 30 days .

    25 Jul 2024

  • Director Appointment

    Gurupadagouda Sangangouda Patil was appointed as a Nominee Director was appointed as a Nominee Director on 09 Feb 2024 & has been associated with this company since 1 year 13 days .

    09 Feb 2024

  • Director Appointment

    Thrilokchandra Venkateswar Karthik was appointed as a Nominee Director was appointed as a Nominee Director on 09 Feb 2024 & has been associated with this company since 1 year 13 days .

    09 Feb 2024

  • Annual General Meeting

    Karnataka State Minerals Corporation Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.

    30 Dec 2023

  • Director Appointment

    Parakkunnum Chalil Jaffer was appointed as a Nominee Director was appointed as a Nominee Director on 29 Aug 2023 & has been associated with this company since 1 year 5 months .

    29 Aug 2023

  • Director Appointment

    Rgirish was appointed as a Nominee Director was appointed as a Nominee Director on 26 Jul 2023 & has been associated with this company since 1 year 6 months .

    26 Jul 2023

Frequently asked questions

  • Karnataka State Minerals Corporation Limited was incorporated on 13 May 1966.

  • The authorized share capital of Karnataka State Minerals Corporation Limited is ₹ 7.00 Cr and paid-up capital is ₹ 6.00 Cr.

  • Currently 7 directors are associated with Karnataka State Minerals Corporation Limited.

    • Vipul Bansal
    • Gurupadagouda Sangangouda Patil
    • Rgirish
    • Sanjay Bhalchandra Shettennavar
    • Parakkunnum Chalil Jaffer
    • Jayavibhava Swamy
    • Thrilokchandra Venkateswar Karthik
  • As per Ministry of Corporate Affairs (Mca), the registered address of Karnataka State Minerals Corporation Limited is Bmtc Shantinagar Ttmc Building 'A' Block 5Th Floor, Shanthinagar India, Bangalore, Karnataka, 560027.

  • The corporate identification number (CIN) of Karnataka State Minerals Corporation Limited is U85110KA1966SGC001620 and the company number is 001620 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Karnataka State Minerals Corporation Limited is https://www.ksmcl.org

  • According to the financial reports for the fiscal year 2021, the revenue trend for Karnataka State Minerals Corporation Limited has risen by 209.12%.

  • As Per 2021 financial reports, 372 employees are currently employed by Karnataka State Minerals Corporation Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Karnataka State Minerals Corporation Limited has experienced an upsurge of 18.45%.

  • The most recent Balance Sheet for Karnataka State Minerals Corporation Limited was filed with the ROC on 31 Mar 2023.

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