Milltec Machinery Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 10.00 Cr
- Company Age 26 Year, 8 Months
- Last Filing with ROC 31 Mar 2019
- Satisfied Charges ₹ 80.44 Cr
- Revenue Growth 15.00%
- Profit Growth -40.76%
- Ebitda 9.74%
- Net Worth 5.53%
- Total Assets 6.12%
About Milltec Machinery
Milltec Machinery Limited (MML) is Amalgamated company established on 28 Aug 1998 with its office registered at Bangaluru, Karnataka, India and has been running since 26 Year, 8 Months with a paid up capital of 10.00 Cr. According to MCA records, 9 Directors and 3 Signatories are linked to this company as of 18 Jan 2025.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U85110KA1998PLC024139
- Company No.
024139
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Aug 1998
- Date of AGM
03 Aug 2019
- Date of Balance Sheet
31 Mar 2019
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Machinery and Equipment
What products or services does Milltec Machinery Limited offer?
Milltec Machinery Limited offers a wide range of products and services, including Food Grains & Nut Processing Machine, Rice Mill Machinery, Form Fill & Seal Machines, Granules Packing Machine, Grain Processing Machines, Generators, Turbines & Power Plants, Power Plants & Spare Parts, Storage Tanks, Drums & Containers, Storage Silo, Engine & Engine Spare Parts.
Milltec Machinery Limited
Explore comprehensive data for Milltec Machinery Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Milltec Machinery?
Executive Team (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramaiah Ravindranath  | Managing Director | 28-Aug-1998 | Current |
| Rajendran Joghee | Managing Director | 28-Aug-1998 | Current |
| Ganapathy Subramaniam | CFO | 05-Apr-2018 | Current |
| Rajan Agarwal | CEO | Current | |
| Avijit Mishra | Company Secretary | 27-Feb-2020 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ryan Kipp  | Additional Director | 31-Jul-2019 | Current |
| Nirupama Ganapathy | Director | 20-Apr-2018 | Current |
Prabhakar Tadepalli  | Director | 23-Jul-2013 | Current |
| Noam Silberstein | Additional Director | 31-Jul-2019 | Current |
| Nicolle Parker | Director | 31-Jul-2019 | Current |
| Steven Sommerfeld | Director | 28-Mar-2019 | Current |
Financial Performance of Milltec Machinery.
Milltec Machinery Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 15% increase. The company also saw a substantial fall in profitability, with a 40.76% decrease in profit. The company's net worth moved up by a moderate rise of 5.53%.
- 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 Milltec Machinery?
In 2019, Milltec Machinery had a public 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)
Tyfone Communications Development (India) Private LimitedPrabhakar Tadepalli is a mutual person
Nals Outdoors India Private LimitedRamaiah Ravindranath and Rajendran Joghee are mutual person
Ad Astra Consultants Private LimitedNirupama Ganapathy is a mutual person
- Ad Astra Staffing Solutions Private Limited
Nirupama Ganapathy is a mutual person
Authenzia Solutions Private LimitedNirupama Ganapathy is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹80.44 Cr
Charges Breakdown by Lending Institutions
- L & T Finance Limited : 70.00 Cr
- State Bank Of India : 9.14 Cr
- Sundaram Home Finance Limited : 1.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2013 | L & T Finance Limited | ₹35.00 Cr | Satisfied |
| 30 May 2013 | L & T Finance Limited | ₹35.00 Cr | Satisfied |
| 28 Jan 2009 | State Bank Of India | ₹1.50 Cr | Satisfied |
| 22 Sep 2006 | State Bank Of India | ₹1.04 Cr | Satisfied |
| 26 Jul 2006 | Sundaram Home Finance Limited | ₹1.30 Cr | Satisfied |
How Many Employees Work at Milltec Machinery?
Milltec Machinery has a workforce of 415 employees as of Apr 11, 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 Milltec Machinery, 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 Milltec Machinery'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 Milltec Machinery
Recent activity within the organization
- Director Appointment
Avijit Mishra was appointed as a Company Secretary was appointed as a Company Secretary on 27 Feb 2020 & has been associated with this company since 5 years 2 months .
- Annual General Meeting
Milltec Machinery Limited last Annual general meeting of members was held on 03 Aug 2019 as per latest MCA records.
- Director Appointment
Ryan Gordon Kipp was appointed as a Additional Director was appointed as a Additional Director on 31 Jul 2019 & has been associated with this company since 5 years 9 months .
- Director Appointment
Noam Silberstein was appointed as a Additional Director was appointed as a Additional Director on 31 Jul 2019 & has been associated with this company since 5 years 9 months .
- Director Appointment
Nicolle Parker was appointed as a Director was appointed as a Director on 31 Jul 2019 & has been associated with this company since 5 years 9 months .
- Balance Sheet
Milltec Machinery Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore.
Recent News, Updates & Announcement
AGI Announces Completion of Milltec Acquisition./CNW/ - Ag Growth International Inc. (TSX: AFN) ("AGI" or the "Company") is pleased to announce that the previously disclosed transaction to acquire 100% of....
- AGI's Strategic Acquisitions Boost Shareholder Satisfaction and Fuel Growth #winning #growthgamestrong.
AGI buys stuff, makes shareholders happy. #winning #growthgamestrong.
- Vectus Industries, Milltec Machinery get Sebi go-ahead for IPO.
With this, the total number of companies getting Sebi's nod to float an IPO has reached 44 so far this year..
- Milltec Machinery files for Rs500 crore IPO; Multiples PE to divest stake | Mint.
The Milltec Machinery IPO will see a sale of up to 37,51,499 equity shares, amounting to a 37.5% stake in the company, by Renuka Ramnath-led Multiples PE and promoters.
- Milltec Machinery Plans to Raise Rs 500-600 Crore through IPO with Support from Motilal Oswal Investment Advisors.
When you want to raise money for your company, you gotta file an IPO. Milltec Machinery, a company from Bengaluru, is planning to do just that and raise Rs 500-600 crore. They'll be selling 30% of their shares and even the PE firm that invested in them is selling some of their stake. Motilal Oswal Investment Advisors will be helping them out..
Frequently asked questions
What is the Incorporation or founding date of Milltec Machinery Limited?
Milltec Machinery Limited was incorporated on 28 Aug 1998.
What is authorized share capital and paid-up capital of Milltec Machinery Limited?
The authorized share capital of Milltec Machinery Limited is ₹ 15.00 Cr and paid-up capital is ₹ 10.00 Cr.
Who are the current board members & directors of Milltec Machinery Limited?
Currently 12 directors are associated with Milltec Machinery Limited.
- Ramaiah Ravindranath
- Prabhakar Tadepalli
- Nirupama Vellore Ganapathy
- Rajendran Joghee
- Ganapathy Subramaniam
- Rajan Agarwal
- Avijit Mishra
- Ryan Gordon Kipp
- Noam Silberstein
- Nicolle Parker
- Steven Robert Sommerfeld
- Timothy Close
What is the registered address of Milltec Machinery Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Milltec Machinery Limited is No 51/A Phas1 Kiadbe Indl Areabommasandra Bangalore India, Karnataka, 560099.
What is the corporate identification number (CIN) and company number of Milltec Machinery Limited?
The corporate identification number (CIN) of Milltec Machinery Limited is U85110KA1998PLC024139 and the company number is 024139 as per Ministry of Corporate Affairs (MCA).
What is the official website of Milltec Machinery Limited?
The Official website of Milltec Machinery Limited is https://www.milltecmachinery.com
What has been the recent revenue trend for Milltec Machinery Limited?
According to the financial reports for the fiscal year 2019, the revenue trend for Milltec Machinery Limited has risen by 15.00%.
How many employees does Milltec Machinery Limited currently have?
As Per 2019 financial reports, 415 employees are currently employed by Milltec Machinery Limited.
What change has been observed in the net worth of Milltec Machinery Limited, and by what percentage?
The financial reports for the fiscal year 2019 indicates that The net worth of Milltec Machinery Limited has experienced an upsurge of 5.53%.
When was the last Balance Sheet of Milltec Machinery Limited filed with the ROC?
The most recent Balance Sheet for Milltec Machinery Limited was filed with the ROC on 31 Mar 2019.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
VP
Veluru PrakashWholetime DirectorRR
Rajasekhara ReddyDirectorSS
Sridhar SankararamanNominee DirectorSA
Saravanan ArumugamDirectorDK
Dinesh KumarDirectorVR
Veluru RamanaiahWholetime DirectorPI
Prakash IyerDirector
Similar Companies Based on Process Machinery & Industrial Equipment
Wirtgen India Private Limited Pune, Maharashtra, India
Tkil Industries Private Limited Mumbai, Maharashtra, India
Sulzer India Private Limited Pune, Maharashtra, India
Rieter India Private Limited Satara, Maharashtra, India
Milacron India Private Limited Ahmedabad, Gujarat, India
Kirloskar Toyota Textile Machinery Private Limited Bangaluru, Karnataka, India
Praj Industries Limited Pune, Maharashtra, India