Megatherm Induction Profile
Key Indicators
- Authorised Capital ₹ 19.00 Cr
- Paid Up Capital ₹ 13.85 Cr
- Company Age 14 Year, 3 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 three 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
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
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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)
₹94.09 Cr
₹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.
