Setco Auto Systems Profile
Key Indicators
- Authorised Capital ₹ 7.10 Cr
- Paid Up Capital ₹ 8.74 M
- Company Age 14 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 565.00 Cr
- Revenue Growth 81.40%
- Profit Growth -20.98%
- Ebitda 153.08%
- Net Worth -82.42%
- Total Assets -18.20%
About Setco Auto Systems
Setco Auto Systems Private Limited (SASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 30 October 2010 and has a history of 14 years and five months. Its registered office is in Kalol, Gujarat, India.
The Corporate was formerly known as Transstadia Sport Sciences Private Limited. The Company is engaged in the Automotive 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 7.10 Cr and a paid-up capital of Rs 8.74 M.
The company currently has active open charges totaling ₹565.00 Cr.
The Key Managerial Personnel (KMP) at Setco Auto Systems Private Limited India are Sunil Gupta as Ceo, Hirenkumar Vala as Company Secretary, and Mr Singh as Cfo. Pravin Shah, Arun Arora, Udit Sheth, and Three other members serve as directors at the Company.
Company Details
- Location
Kalol, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U35100GJ2010PTC062770
- Company No.
062770
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
30 Oct 2010
- Date of AGM
27 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Automotive
Setco Auto Systems Private Limited
Explore comprehensive data for Setco Auto Systems Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Setco Auto Systems?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harish Kiritbhai  | Managing Director | 30-Oct-2010 | Current |
| Sunil Gupta | CEO | 19-Apr-2024 | Current |
| Hirenkumar Vala | Company Secretary | 31-Aug-2021 | Current |
| Mr Singh | CFO | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mrinal Chandran | Additional Director | 21-Mar-2024 | Current |
| Arun Arora | Director | 20-Sep-2021 | Current |
| Pravin Shah | Director | 20-Sep-2021 | Current |
| Udit Sheth | Whole-Time Director | 30-Oct-2010 | Current |
| Shitij Kale | Nominee Director | 17-Oct-2022 | Current |
Financial Performance of Setco Auto Systems.
Setco Auto Systems Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 81.4% increase. The company also saw a substantial fall in profitability, with a 20.98% decrease in profit. The company's net worth observed a substantial decline by a decrease of 82.42%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Setco Auto Systems?
In 2023, Setco Auto Systems had a promoter holding of 81.25% and a public holding of 18.75%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Anthea Aromatics Pvt LtdShitij Kale is a mutual person
Caparo Engineering India LimitedPravin Shah is a mutual person
Transstadia Technologies Private LimitedUdit Sheth and Harish Kiritbhai are mutual person
- Transstadia Holdings Private Limited
Udit Sheth and Harish Kiritbhai are mutual person
- Transstadia Enterprises Private Limited
Udit Sheth and Harish Kiritbhai are mutual person
- Se Transstadia Private Limited
Udit Sheth and Harish Kiritbhai are mutual person
Charges (Loans)
Open Charges
₹565.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 565.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2021 | Others | ₹350.00 Cr | Open |
| 08 Sep 2021 | Others | ₹215.00 Cr | Open |
How Many Employees Work at Setco Auto Systems?
Setco Auto Systems has a workforce of 859 employees as of Mar 21, 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 Setco Auto Systems, 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 Setco Auto Systems'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 Setco Auto Systems
Recent activity within the organization
- Director Appointment
Sunil Gupta was appointed as a Ceo was appointed as a Ceo on 19 Apr 2024 & has been associated with this company since 11 months 26 days .
- Director Appointment
Mrinal Chandran was appointed as a Additional Director was appointed as a Additional Director on 21 Mar 2024 & has been associated with this company since 1 year 24 days .
- Annual General Meeting
Setco Auto Systems Private Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.
- Balance Sheet
Setco Auto Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Charges
A charge with Others of Rs. 350.00 Cr registered on 08 Sep 2021 with Charge ID 100493032 was modified on 21 Mar 2023.
- Charges
A charge with Others of Rs. 215.00 Cr registered on 08 Sep 2021 with Charge ID 100493033 was modified on 21 Mar 2023.
Recent News, Updates & Announcement
- Setco Automotive receives BS VI approvals for CV clutches.
The company, which has the largest design and validation facility for clutches in India, is ready for industrialisation for supplies from January 2020..
- Setco Automotive Acquires Lava Cast for Rs 7.70 Crore, Plans European Expansion with Rs 300 Crore Investment in Clutch Production.
Setco Automotive bought Lava Cast for Rs 7.70 crore. They want to expand to Europe and invest Rs 300 crore to make more clutches. They already have 85% of the Indian market and make clutches for tractors too..
- Clutch-maker Setco plans Rs 300 cr investment to up capacity.
The Mumbai-based auto components-maker, which claims to enjoy 85 percent market share in the domestic MHCV clutch segment, also expects to grow at about 20 percent in FY20. .
Frequently asked questions
What is the Incorporation or founding date of Setco Auto Systems Private Limited?
Setco Auto Systems Private Limited was incorporated on 30 Oct 2010.
What is authorized share capital and paid-up capital of Setco Auto Systems Private Limited?
The authorized share capital of Setco Auto Systems Private Limited is ₹ 7.10 Cr and paid-up capital is ₹ 8.74 M.
Who are the current board members & directors of Setco Auto Systems Private Limited?
Currently 9 directors are associated with Setco Auto Systems Private Limited.
- Pravin Nagindas Shah
- Arun Arora
- Udit Harish Sheth
- Harish Sheth Kiritbhai
- Mrinal Chandran
- Shitij Ramesh Kale
- Sunil Gupta
- Hirenkumar Popatbhai Vala
- Mr Kuldeep Singh
What is the registered address of Setco Auto Systems Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Setco Auto Systems Private Limited is Baroda Godhra Highway Kalol (Panchmahal), Gujarat, India, 389330.
What is the corporate identification number (CIN) and company number of Setco Auto Systems Private Limited?
The corporate identification number (CIN) of Setco Auto Systems Private Limited is U35100GJ2010PTC062770 and the company number is 062770 as per Ministry of Corporate Affairs (MCA).
What is the official website of Setco Auto Systems Private Limited?
The Official website of Setco Auto Systems Private Limited is https://www.setcoauto.com
What has been the recent revenue trend for Setco Auto Systems Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Setco Auto Systems Private Limited has risen by 81.40%.
How many employees does Setco Auto Systems Private Limited currently have?
As Per 2023 financial reports, 859 employees are currently employed by Setco Auto Systems Private Limited.
What change has been observed in the net worth of Setco Auto Systems Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Setco Auto Systems Private Limited has experienced an downturn of -82.42%.
What are the total open charges for Setco Auto Systems Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Setco Auto Systems Private Limited amount to ₹ 565.00 Cr.
When was the last Balance Sheet of Setco Auto Systems Private Limited filed with the ROC?
The most recent Balance Sheet for Setco Auto Systems Private Limited was filed with the ROC on 31 Mar 2023.
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