M. G. M Springs Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 5.10 M
- Company Age 16 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.50 Cr
- Satisfied Charges ₹ 15.52 Cr
- Revenue Growth 24.09%
- Profit Growth -47.14%
- Ebitda -15.47%
- Net Worth 3.01%
- Total Assets -1.67%
About M. G. M Springs
M. G. M Springs Private Limited (MGMSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 August 2008 and has a history of 16 years and six months. Its registered office is in Bangaluru, Karnataka, 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 7.50 M and a paid-up capital of Rs 5.10 M.
The company currently has active open charges totaling ₹3.50 Cr. The company has closed loans amounting to ₹15.52 Cr, as per Ministry of Corporate Affairs (MCA) records.
Satish Machani, Machani Ganganna, Vadla Suryanarayana, and Two other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U27109KA2008PTC073110
- Company No.
073110
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 Aug 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does M. G. M Springs Private Limited offer?
M. G. M Springs Private Limited offers a wide range of products and services, including Air Springs & Compression Springs, Extension Springs, Compression Springs, Torsion Springs, Industrial Springs, Suspension Spring, Coil Springs, Precise Torsion Spring, Wire Springs.
Who are the key members and board of directors at M. G. M Springs?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vadla Suryanarayana  | Managing Director | 12-Aug-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Satish Machani | Director | 22-Aug-2008 | Current |
| Ramanna Gangadhar | Director | 01-Apr-2011 | Current |
| Machani Ganganna | Director | 22-Aug-2008 | Current |
Ravi Machani  | Director | 22-Aug-2008 | Current |
Financial Performance of M. G. M Springs.
M. G. M Springs Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 24.09% increase. The company also saw a substantial fall in profitability, with a 47.14% decrease in profit. The company's net worth moved up by a moderate rise of 3.01%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of M. G. M Springs?
In 2022, M. G. M Springs 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)
Ramesh Sunwire Private LimitedSatish Machani is a mutual person
Next Defence Private LimitedRavi Machani is a mutual person
Machani Robotics Private LimitedRavi Machani is a mutual person
M.G.Brothers Industries Private LimitedMachani Ganganna and Ramanna Gangadhar are mutual person
Machani Ramesh City Lights Private LimitedSatish Machani and Ravi Machani are mutual person
Charges (Loans)
₹35.00 M
₹155.24 M
Charges Breakdown by Lending Institutions
- Tata Capital Financial Services Limited : 3.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2022 | Tata Capital Financial Services Limited | ₹3.50 Cr | Open |
| 07 Jun 2013 | Canara Bank | ₹12.17 Cr | Satisfied |
| 31 Jan 2012 | Axis Bank Limited | ₹3.35 Cr | Satisfied |
How Many Employees Work at M. G. M Springs?
M. G. M Springs has a workforce of 63 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of M. G. M Springs, 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 M. G. M Springs'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.
