Milltec Machinery Profile
Key Indicators
- Authorised Capital ₹ 2,572.31 Cr
- Paid Up Capital ₹ 2,571.96 Cr
- Company Age 6 Year, 2 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 43.50 Cr
- Satisfied Charges ₹ 65.00 Cr
- Revenue Growth 36.69%
- Profit Growth 202.58%
- Ebitda 51.80%
- Net Worth 22.09%
- Total Assets 9.49%
About Milltec Machinery
Milltec Machinery Private Limited (MMPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 March 2019 (Six years 2 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Z-Agi Agricultural Equipment (India) 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 2024. It's a company limited by shares with an authorized capital of Rs 2,572.31 Cr and a paid-up capital of Rs 2,571.96 Cr.
The company currently has active open charges totaling ₹43.50 Cr. The company has closed loans amounting to ₹65.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Milltec Machinery Private Limited India are Rajan Agarwal as Ceo, Devanand Achuthan as Cfo, and Saikat Ray as Company Secretary. Noam Silberstein, Ryan Kipp, Rajan Aggarwal, and One other member 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
U29299KA2019PTC122150
- Company No.
122150
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Mar 2019
- Date of AGM
19 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Machinery and Equipment
What products or services does Milltec Machinery Private Limited offer?
Milltec Machinery Private Limited offers a wide range of products and services, including Food Grains & Nut Processing Machine, Rice Mill Machinery, Pulses Processing Machine, Husk Aspirator, Grain Processing Machines, Grain Pre-Cleaner, Flow Controllers, Mass Flow Controllers, Form Fill & Seal Machines, Granules Packing Machine.
Who are the key members and board of directors at Milltec Machinery?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajan Agarwal  | CEO | 27-Jul-2020 | Current |
| Devanand Achuthan | CFO | 27-Jul-2020 | Current |
| Saikat Ray | Company Secretary | 10-Sep-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ryan Kipp  | Director | 27-Jul-2020 | Current |
| Noam Silberstein | Director | 27-Jul-2020 | Current |
| Rajan Aggarwal | Director and Ceo | 03-Nov-2022 | Current |
Paul Householder  | Director | 06-Dec-2022 | Current |
Financial Performance of Milltec Machinery.
Milltec Machinery Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.69% increase. The company also saw a substantial improvement in profitability, with a 202.58% increase in profit. The company's net worth Soared by an impressive increase of 22.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Milltec Machinery?
In 2024, Milltec Machinery had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹43.50 Cr
Satisfied Charges
₹65.00 Cr
Charges Breakdown by Lending Institutions
- The Hongkong And Shanghai Banking Corporation Limited : 43.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Aug 2020 | The Hongkong And Shanghai Banking Corporation Limited | ₹43.50 Cr | Open |
| 30 Jan 2015 | State Bank Of India | ₹65.00 Cr | Satisfied |
How Many Employees Work at Milltec Machinery?
Unlock and access historical data on people associated with Milltec Machinery, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
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
- Annual General Meeting
Milltec Machinery Private Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.
- Director Appointment
Saikat Ray was appointed as a Company Secretary was appointed as a Company Secretary on 10 Sep 2024 & has been associated with this company since 5 months 27 days .
- Balance Sheet
Milltec Machinery Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Paul David Householder was appointed as a Director was appointed as a Director on 06 Dec 2022 & has been associated with this company since 2 years 3 months .
- Director Appointment
Rajan Aggarwal was appointed as a Director was appointed as a Director on 03 Nov 2022 & has been associated with this company since 2 years 4 months .
- Charges
A charge registered on 30 Jan 2015 via Charge ID 10555181 with State Bank Of India was fully satisfied on 24 Dec 2021.
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 Private Limited?
Milltec Machinery Private Limited was incorporated on 06 Mar 2019.
What is authorized share capital and paid-up capital of Milltec Machinery Private Limited?
The authorized share capital of Milltec Machinery Private Limited is ₹ 2,572.31 Cr and paid-up capital is ₹ 2,571.96 Cr.
Who are the current board members & directors of Milltec Machinery Private Limited?
Currently 7 directors are associated with Milltec Machinery Private Limited.
- Noam Silberstein
- Ryan Gordon Kipp
- Rajan Aggarwal
- Paul David Householder
- Rajan Agarwal
- Devanand Achuthan
- Saikat Ray
What is the registered address of Milltec Machinery Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Milltec Machinery Private Limited is No. 51/A Phase-1 Kiadb Industrial Area Bommasandra India, Bengaluru, Karnataka, 560099.
What is the corporate identification number (CIN) and company number of Milltec Machinery Private Limited?
The corporate identification number (CIN) of Milltec Machinery Private Limited is U29299KA2019PTC122150 and the company number is 122150 as per Ministry of Corporate Affairs (MCA).
What is the official website of Milltec Machinery Private Limited?
The Official website of Milltec Machinery Private Limited is https://www.aggrowth.com
What has been the recent revenue trend for Milltec Machinery Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Milltec Machinery Private Limited has risen by 36.69%.
What change has been observed in the net worth of Milltec Machinery Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Milltec Machinery Private Limited has experienced an upsurge of 22.09%.
What are the total open charges for Milltec Machinery Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Milltec Machinery Private Limited amount to ₹ 43.50 Cr.
When was the last Balance Sheet of Milltec Machinery Private Limited filed with the ROC?
The most recent Balance Sheet for Milltec Machinery Private Limited was filed with the ROC on 31 Mar 2024.
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