Korutech India Profile
Key Indicators
- Authorised Capital ₹ 6.00 M
- Paid Up Capital ₹ 5.95 M
- Company Age 19 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- 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 two 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 2023. 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.
Mustafa Rangwala, Murtuza Rangwala, and Raziabai 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 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
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.
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 (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Murtuza Rangwala | Director | 15-Dec-2005 | Current |
| Raziabai Rangwala | Director | 01-Sep-2018 | 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
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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.
Related Corporates (Common Directorship)
_PRIVATE_LIMITED.webp)
Carbotec (India) Private LimitedMustafa Rangwala is a mutual person
Kool Cut Technologies Private LimitedMustafa Rangwala is a mutual person
Charges (Loans)
₹112.00 M
₹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.
