Megatherm Induction Profile
Key Indicators
- Authorised Capital ₹ 19.00 Cr
- Paid Up Capital ₹ 13.85 Cr
- Company Age 14 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 94.09 Cr
- Revenue Growth -17.34%
- Profit Growth -61.50%
- Ebitda -19.53%
- Net Worth 6.56%
- Total Assets 17.13%
About Megatherm Induction
Megatherm Induction Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 October 2010 and has a history of 14 years and four months. Its registered office is in North 24 Parganas, West Bengal, India.
The Corporate was formerly known as Megatherm Transmission & Distribution Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 19.00 Cr and a paid-up capital of Rs 13.85 Cr.
The company currently has active open charges totaling ₹94.09 Cr.
The Key Managerial Personnel (KMP) at Megatherm Induction Limited India are Satadri Chanda as CFO and Abanti Basu as Company Secretary. Shesadri Bhusan, Satadri Chanda, Ankit Rathi, and Two other members serve as directors at the Company.
Company Details
- Location
North 24 Parganas, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31900WB2010PLC154236
- Company No.
154236
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
22 Oct 2010
- Date of AGM
25 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Machinery and Equipment
What products or services does Megatherm Induction Limited offer?
Megatherm Induction Limited offers a wide range of products and services, including Heater, Thermostat & Heating Devices, Industrial Heaters, Casting, Moulding & Forging Machines, Casting Machines, Transformers & Transformer Parts, Industrial Transformer, Industrial Furnaces & Ovens, Melting Furnaces, Furnace Structure, Electrical & Signaling Contractors.
Who are the key members and board of directors at Megatherm Induction?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shesadri Bhusan  | Managing Director | 22-Oct-2010 | Current |
| Satadri Chanda | CFO | 05-Jan-2023 | Current |
| Abanti Basu | Company Secretary | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ankit Rathi | Director | 16-Sep-2023 | Current |
| Satadri Chanda | Whole-Time Director | 22-Oct-2010 | Current |
| Siddhartha Sen | Director | 05-Jan-2023 | Current |
| Christina Paulchowdhury | Director | 30-Sep-2022 | Current |
Financial Performance of Megatherm Induction.
Megatherm Induction Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 17.34% decrease. The company also saw a substantial fall in profitability, with a 61.5% decrease in profit. The company's net worth moved up by a moderate rise of 6.56%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Megatherm Induction?
In 2021, Megatherm Induction 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)
Megatherm Electronics Pvt LtdShesadri Bhusan and Satadri Chanda are mutual person
Macfos LimitedAnkit Rathi is a mutual person
Sc Aqua Vitae Private LimitedShesadri Bhusan, Satadri Chanda and 1 more are mutual person
- Aspire & Innovative Advertising Limited
Ankit Rathi is a mutual person
Charges (Loans)
Open Charges
₹94.09 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Indian Bank : 93.98 Cr
- Others : 0.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2023 | Indian Bank | ₹1.50 M | Open |
| 10 Mar 2023 | Indian Bank | ₹5.40 Cr | Open |
| 05 Dec 2020 | Others | ₹1.10 M | Open |
| 26 Dec 2014 | Indian Bank | ₹88.43 Cr | Open |
How Many Employees Work at Megatherm Induction?
Megatherm Induction has a workforce of 271 employees as of Apr 06, 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 Megatherm Induction, 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 Megatherm Induction'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 Megatherm Induction
Recent activity within the organization
- Annual General Meeting
Megatherm Induction Limited last Annual general meeting of members was held on 25 Sep 2023 as per latest MCA records.
- Director Appointment
Ankit Rathi was appointed as a Director was appointed as a Director on 16 Sep 2023 & has been associated with this company since 1 year 5 months .
- Charges
A charge with Indian Bank amounted to Rs. 0.15 Cr with Charge ID 100758318 was registered on 27 Jul 2023.
- Balance Sheet
Megatherm Induction Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.
- Charges
A charge with Indian Bank amounted to Rs. 5.40 Cr with Charge ID 100702545 was registered on 10 Mar 2023.
- Director Appointment
Satadri Chanda was appointed as a Cfo was appointed as a Cfo on 05 Jan 2023 & has been associated with this company since 2 years 1 month .
Frequently asked questions
What is the Incorporation or founding date of Megatherm Induction Limited?
Megatherm Induction Limited was incorporated on 22 Oct 2010.
What is authorized share capital and paid-up capital of Megatherm Induction Limited?
The authorized share capital of Megatherm Induction Limited is ₹ 19.00 Cr and paid-up capital is ₹ 13.85 Cr.
Who are the current board members & directors of Megatherm Induction Limited?
Currently 7 directors are associated with Megatherm Induction Limited.
- Shesadri Chanda Bhusan
- Satadri Chanda
- Ankit Rathi
- Satadri Chanda
- Abanti Saha Basu
- Siddhartha Sen
- Christina Paulchowdhury
What is the registered address of Megatherm Induction Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Megatherm Induction Limited is Plot- L1 Block Gp Sector V Electronics Complex, Saltlake City Kolkata-700091, West Bengal, India.
What is the corporate identification number (CIN) and company number of Megatherm Induction Limited?
The corporate identification number (CIN) of Megatherm Induction Limited is U31900WB2010PLC154236 and the company number is 154236 as per Ministry of Corporate Affairs (MCA).
What is the official website of Megatherm Induction Limited?
The Official website of Megatherm Induction Limited is https://www.megatherm.com
What has been the recent revenue trend for Megatherm Induction Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Megatherm Induction Limited has fallen by -17.34%.
How many employees does Megatherm Induction Limited currently have?
As Per 2021 financial reports, 271 employees are currently employed by Megatherm Induction Limited.
What change has been observed in the net worth of Megatherm Induction Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Megatherm Induction Limited has experienced an upsurge of 6.56%.
What are the total open charges for Megatherm Induction Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Megatherm Induction Limited amount to ₹ 94.09 Cr.
When was the last Balance Sheet of Megatherm Induction Limited filed with the ROC?
The most recent Balance Sheet for Megatherm Induction Limited was filed with the ROC on 31 Mar 2023.
People also Viewed
Vikas VarshneyaDirectorAC
Ayati ChandaDirectorPK
Prithwis KunduDirector
Similar Companies Based on Industrial Products
Y-Access Manufacturing Private Limited New Delhi, Delhi, India
Titanium Equipment & Anode Manufacturing Company Limited Kanchipuram, Tamil Nadu, India
Oswal Hi-Tech Private Limited Bangalore, Karnataka, India
Oerlikon Friction Systems (India) Private Limited Kanchipuram, Tamil Nadu, India
Imeco Machines Private Limited South Delhi, Delhi, India
Doit Industries India Private Limited Mumbai, Maharashtra, India
Creative Graphics Solutions India Limited East Delhi, Delhi, India
Auro Impex & Chemicals Limited Kolkata, West Bengal, India