Sandvik Coromant India Private Limited

Manufactures machine-cutting tools and tooling systems for industrial machining operations.

1960 | Pune, Maharashtra (India) | Active
Last Updated:

Sandvik Coromant India Profile

Key Indicators

  • Authorised Capital ₹ 198.73 Cr
  • Paid Up Capital ₹ 23.97 Cr
  • Company Age 64 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 329.60 Cr
  • Revenue Growth 18.71%
  • Profit Growth -37.08%
  • Ebitda 10.95%
  • Net Worth -2.90%
  • Total Assets -19.85%

About Sandvik Coromant India

Sandvik Coromant India Private Limited (SCIPL) was founded in India on 08 July 1960 and has a glorious history of 64 years and ten months. Its registered office is in Pune, Maharashtra, India.

The Corporate was formerly known as Sandvik Asia Ltd. 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 198.73 Cr and a paid-up capital of Rs 23.97 Cr.

The company has closed loans amounting to ₹329.60 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sandvik Coromant India Private Limited India is Kirankumar Acharya as CFO. Kirankumar Acharya, Surendrakumar Ponnanparambil, Rudiger Mannherz, and Two other members serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29299PN1960PTC011751

  • Company No.

    011751

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Jul 1960

  • Date of AGM

    25 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Machinery and Equipment

What products or services does Sandvik Coromant India Private Limited offer?

Sandvik Coromant India Private Limited offers a wide range of products and services, including Drilling & Boring Equipment, Mining Machinery, Heater, Thermostat & Heating Devices, Heating Elements, Drills, Grinders, Saws & Power Tools, Electric Drill, Material Handling Machines & Systems, Ingredient Feeder, Commercial Vehicles & Three Wheelers, Medium & Heavy Commercial Vehicles.

Company report

Sandvik Coromant India Private Limited

Explore comprehensive data for Sandvik Coromant India Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Sandvik Coromant India?

Executive Team (1)

NameDesignationAppointment DateStatus
Kirankumar Acharya Country flag representing Se Managing Director26-Aug-2019Current

Board Members (4)

NameDesignationAppointment DateStatus
Surendrakumar Ponnanparambil Country flag representing In Director 31-Oct-2017Current
Rudiger Mannherz Country flag representing De Director 29-Mar-2023Current
Sunil Joshi Country flag representing In Director 22-Dec-2021Current
Dieter Heimerdinger Country flag representing De Director 20-Jul-2020Current

Financial Performance of Sandvik Coromant India.

Sandvik Coromant India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.71% increase. The company also saw a substantial fall in profitability, with a 37.08% decrease in profit. The company's net worth dipped by a decrease of 2.9%.

Sandvik Coromant India revenue growth over time
Sandvik Coromant India profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
18.71%
Revenue from Operations
18.54%
Total Assets
-19.85%
Profit or Loss
-37.08%
Net Worth
-2.90%
EBITDA
10.95%

What is the Ownership and Shareholding Structure of Sandvik Coromant India?

In 2022, Sandvik Coromant India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹329.60 Cr

Charges Breakdown by Lending Institutions

  • Citibank N.A : 200.00 Cr
  • Citi Bank : 74.00 Cr
  • Corporation Bank : 25.60 Cr
  • The Hong Kong And Shanghai Banking Corpn. Ltd. : 20.00 Cr
  • Canara Bank : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
09 Jul 2008Citibank N.A₹100.00 CrSatisfied
09 Jul 2008Citibank N.A₹100.00 CrSatisfied
30 Mar 2002The Hong Kong And Shanghai Banking Corpn. Ltd.₹20.00 CrSatisfied
22 Mar 2002Citi Bank₹74.00 CrSatisfied
26 Mar 1999Corporation Bank₹12.00 CrSatisfied

How Many Employees Work at Sandvik Coromant India?

Sandvik Coromant India has a workforce of 754 employees as of Mar 31, 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.

Employee growth trends for Sandvik Coromant India Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sandvik Coromant India, 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 Sandvik Coromant India's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Sandvik Coromant India

Recent activity within the organization

  • Annual General Meeting

    Sandvik Coromant India Private Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Sandvik Coromant India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Director Appointment

    Rudiger Mannherz was appointed as a Director was appointed as a Director on 29 Mar 2023 & has been associated with this company since 2 years 1 month .

  • Director Appointment

    Sunil Arun Joshi was appointed as a Director was appointed as a Director on 22 Dec 2021 & has been associated with this company since 3 years 4 months .

  • Director Appointment

    Dieter Norbert Heimerdinger was appointed as a Director was appointed as a Director on 20 Jul 2020 & has been associated with this company since 4 years 9 months .

  • Director Appointment

    Kirankumar Yashvantrai Acharya was appointed as a Managing Director was appointed as a Managing Director on 26 Aug 2019 & has been associated with this company since 5 years 8 months .

Frequently asked questions

  • What is the Incorporation or founding date of Sandvik Coromant India Private Limited?

    Sandvik Coromant India Private Limited was incorporated on 08 Jul 1960.

  • What is authorized share capital and paid-up capital of Sandvik Coromant India Private Limited?

    The authorized share capital of Sandvik Coromant India Private Limited is ₹ 198.73 Cr and paid-up capital is ₹ 23.97 Cr.

  • Who are the current board members & directors of Sandvik Coromant India Private Limited?

    Currently 6 directors are associated with Sandvik Coromant India Private Limited.

    • Kirankumar Yashvantrai Acharya
    • Surendrakumar Ponnanparambil
    • Rudiger Mannherz
    • Kirankumar Yashvantrai Acharya
    • Sunil Arun Joshi
    • Dieter Norbert Heimerdinger

  • What is the registered address of Sandvik Coromant India Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sandvik Coromant India Private Limited is Mumbai-Pune Road Dapodi India, Pune City, Maharashtra, 411012.

  • What is the corporate identification number (CIN) and company number of Sandvik Coromant India Private Limited?

    The corporate identification number (CIN) of Sandvik Coromant India Private Limited is U29299PN1960PTC011751 and the company number is 011751 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Sandvik Coromant India Private Limited?

    The Official website of Sandvik Coromant India Private Limited is https://www.sandvik.com

  • What has been the recent revenue trend for Sandvik Coromant India Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Sandvik Coromant India Private Limited has risen by 18.71%.

  • How many employees does Sandvik Coromant India Private Limited currently have?

    As Per 2023 financial reports, 754 employees are currently employed by Sandvik Coromant India Private Limited.

  • What change has been observed in the net worth of Sandvik Coromant India Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Sandvik Coromant India Private Limited has experienced an downturn of -2.90%.

  • When was the last Balance Sheet of Sandvik Coromant India Private Limited filed with the ROC?

    The most recent Balance Sheet for Sandvik Coromant India Private Limited was filed with the ROC on 31 Mar 2024.

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