Korutech India Profile
Key Indicators
- Authorised Capital ₹ 6.00 M
- Paid Up Capital ₹ 5.95 M
- Company Age 19 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 11.20 Cr
- Satisfied Charges ₹ 9.79 Cr
- Revenue Growth 25.76%
- Profit Growth 17.19%
- Ebitda -581.08%
- Net Worth 12.97%
- Total Assets 35.03%
About Korutech India
Korutech India Private Limited. (KIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 December 2005 and has a history of 19 years and four months. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Engineering 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 6.00 M and a paid-up capital of Rs 5.95 M.
The company currently has active open charges totaling ₹11.20 Cr. The company has closed loans amounting to ₹9.79 Cr, as per Ministry of Corporate Affairs (MCA) records.
Huzaifa Rangwala and Mustafa Rangwala serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51433TN2005PTC058317
- Company No.
058317
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Dec 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Engineering
Machinery and Equipment
What products or services does Korutech India Private Limited. offer?
Korutech India Private Limited. offers a wide range of products and services, including Carbide Milling Cutters, Milling Tools, Laboratory & Lab Equipment, Laboratory Clamps, Cutting Tools & Milling Cutter, Turning Tool, Boring Bars, Carbide Drills, Solid Carbide Drill.
Korutech India Private Limited.
Explore comprehensive data for Korutech India Private Limited., including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Korutech India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mustafa Rangwala  | Managing Director | 15-Dec-2005 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Huzaifa Rangwala | Additional Director | 28-Oct-2024 | Current |
Financial Performance of Korutech India.
Korutech India Private Limited., for the financial year ended 2023, experienced significant growth in revenue, with a 25.76% increase. The company also saw a substantial improvement in profitability, with a 17.19% increase in profit. The company's net worth Soared by an impressive increase of 12.97%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Korutech India?
In 2023, Korutech India had a promoter holding of 81.34% and a public holding of 18.66%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Carbotec (India) Private LimitedMustafa Rangwala is a mutual person
Kool Cut Technologies Private LimitedMustafa Rangwala is a mutual person
Charges (Loans)
Open Charges
₹112.00 M
Satisfied Charges
₹97.90 M
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 11.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 May 2019 | Yes Bank Limited | ₹2.75 Cr | Open |
| 26 Sep 2013 | Yes Bank Limited | ₹5.30 Cr | Open |
| 14 Sep 2013 | Yes Bank Limited | ₹3.15 Cr | Open |
| 15 Dec 2010 | Standard Chartered Bank | ₹7.00 Cr | Satisfied |
| 25 Mar 2010 | 3I Infotech Trusteeship Services Limited | ₹1.74 Cr | Satisfied |
How Many Employees Work at Korutech India?
Korutech India has a workforce of 77 employees as of Apr 07, 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 Korutech 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 Korutech 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.
Latest Updates, News, and FAQs on Korutech India
Recent activity within the organization
- Director Appointment
Huzaifa M Rangwala was appointed as a Additional Director was appointed as a Additional Director on 28 Oct 2024 & has been associated with this company since 6 months 13 days .
- Annual General Meeting
Korutech India Private Limited. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Korutech India Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge with Yes Bank Limited amounted to Rs. 27.50 M with Charge ID 100271374 was registered on 08 May 2019.
- Charges
A charge with Yes Bank Limited of Rs. 31.50 M registered on 14 Sep 2013 with Charge ID 10454236 was modified on 26 Jul 2016.
- Charges
A charge registered on 15 Dec 2010 via Charge ID 10259134 with Standard Chartered Bank was fully satisfied on 28 Jan 2014.
Frequently asked questions
What is the Incorporation or founding date of Korutech India Private Limited.?
Korutech India Private Limited. was incorporated on 15 Dec 2005.
What is authorized share capital and paid-up capital of Korutech India Private Limited.?
The authorized share capital of Korutech India Private Limited. is ₹ 6.00 M and paid-up capital is ₹ 5.95 M.
Who are the current board members & directors of Korutech India Private Limited.?
Currently 2 directors are associated with Korutech India Private Limited..
- Huzaifa M Rangwala
- Mustafa Shabbir Rangwala
What is the registered address of Korutech India Private Limited.?
As per Ministry of Corporate Affairs (Mca), the registered address of Korutech India Private Limited. is New No 317 Old No.153 1St Floor, Thambu Chetty Street India, Chennai, Tamil Nadu, 600001.
What is the corporate identification number (CIN) and company number of Korutech India Private Limited.?
The corporate identification number (CIN) of Korutech India Private Limited. is U51433TN2005PTC058317 and the company number is 058317 as per Ministry of Corporate Affairs (MCA).
What is the official website of Korutech India Private Limited.?
The Official website of Korutech India Private Limited. is https://www.korutechindia.com
What has been the recent revenue trend for Korutech India Private Limited.?
According to the financial reports for the fiscal year 2023, the revenue trend for Korutech India Private Limited. has risen by 25.76%.
How many employees does Korutech India Private Limited. currently have?
As Per 2023 financial reports, 77 employees are currently employed by Korutech India Private Limited..
What change has been observed in the net worth of Korutech India Private Limited., and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Korutech India Private Limited. has experienced an upsurge of 12.97%.
What are the total open charges for Korutech India Private Limited.?
As per the financial statements for fiscal Year 2023, The total open charges for Korutech India Private Limited. amount to ₹ 11.20 Cr.
When was the last Balance Sheet of Korutech India Private Limited. filed with the ROC?
The most recent Balance Sheet for Korutech India Private Limited. was filed with the ROC on 31 Mar 2024.
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