Setco Automotive Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 26.75 Cr
- Company Age 42 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 663.37 Cr
- Satisfied Charges ₹ 1,539.93 Cr
- Revenue Growth -49.28%
- Profit Growth -169.74%
- Ebitda 279.23%
- Net Worth -33.58%
- Total Assets -67.33%
About Setco Automotive
Setco Automotive Limited (SAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 May 1982 and has a history of 42 years and ten months. Its registered office is in Panch Mahals, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505075 and on the National Stock Exchange(NSE) under SETCO.
The Corporate was formerly known as Gujarat Setco Clutch 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 2024. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 26.75 Cr.
The company currently has active open charges totaling ₹663.37 Cr. The company has closed loans amounting to ₹1,539.93 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Setco Automotive Limited India are Mr Singh as CFO and Hirenkumar Vala as Company Secretary. Udit Sheth, Vijay Kalra, Urja Shah, and Two other members serve as directors at the Company.
Company Details
- Location
Panch Mahals, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Automotive
What products or services does Setco Automotive Limited offer?
Setco Automotive Limited offers a wide range of products and services, including Clutch, Clutch Parts & Accessories, Clutch Components, Sheet Metal & Turned Components, Mechanical Clutches, Machine & Precision Tools, Extruder Screw, Commercial Vehicle Clutch Parts, Industrial Valves & Valve Fittings, Industrial Valves, Industrial Air Conditioner & Devices.
Who are the key members and board of directors at Setco Automotive?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mr Singh  | CFO | Current | |
| Hirenkumar Vala | Company Secretary | 01-Jan-2021 | Current |
| Harish Kiritbhai | Managing Director | 05-May-1982 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Suresh Shanbhogue | Additional Director | 11-Nov-2024 | Current |
| Udit Sheth | Whole-Time Director | 30-Jun-2008 | Current |
| Vijay Kalra | Additional Director | 11-Nov-2024 | Current |
| Urja Shah | Whole-Time Director | 28-Sep-2015 | Current |
Financial Performance of Setco Automotive.
Setco Automotive Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 49.28% decrease. The company also saw a substantial fall in profitability, with a 169.74% decrease in profit. The company's net worth observed a substantial decline by a decrease of 33.58%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Setco Automotive?
In 2023, Setco Automotive had a promoter holding of 59.25% and a public holding of 40.75%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Autofridge India Private LimitedVijay Kalra is a mutual person
Info Tech Corporation Of Goa LimitedSuresh Shanbhogue 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, Urja Shah and 1 more are mutual person
- Se Transstadia Private Limited
Udit Sheth and Harish Kiritbhai are mutual person
Charges (Loans)
Open Charges
₹663.37 Cr
Satisfied Charges
₹1,539.93 Cr
Charges Breakdown by Lending Institutions
- Others : 663.12 Cr
- Hdfc Bank Limited : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Sep 2021 | Others | ₹215.00 Cr | Open |
| 16 Sep 2021 | Others | ₹350.00 Cr | Open |
| 26 Feb 2021 | Hdfc Bank Limited | ₹2.49 M | Open |
| 28 Dec 2020 | Others | ₹98.12 Cr | Open |
| 21 May 2019 | Others | ₹95.00 Cr | Satisfied |
How Many Employees Work at Setco Automotive?
Setco Automotive has a workforce of 626 employees as of Apr 10, 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 Automotive, 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 Automotive'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 Automotive
Recent activity within the organization
- Director Appointment
Vijay Kalra was appointed as a Additional Director was appointed as a Additional Director on 11 Nov 2024 & has been associated with this company since 4 months .
- Director Appointment
Suresh Shanbhogue was appointed as a Additional Director was appointed as a Additional Director on 11 Nov 2024 & has been associated with this company since 4 months .
- Annual General Meeting
Setco Automotive Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 98.12 Cr registered on 28 Dec 2020 with Charge ID 100407087 was modified on 24 Sep 2024.
- Balance Sheet
Setco Automotive Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Others amounted to Rs. 215.00 Cr with Charge ID 100510952 was registered on 16 Sep 2021.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Setco Automotive Limited?
Setco Automotive Limited was incorporated on 05 May 1982.
What is authorized share capital and paid-up capital of Setco Automotive Limited?
The authorized share capital of Setco Automotive Limited is ₹ 50.00 Cr and paid-up capital is ₹ 26.75 Cr.
Who are the current board members & directors of Setco Automotive Limited?
Currently 7 directors are associated with Setco Automotive Limited.
- Udit Harish Sheth
- Mr Kuldeep Singh
- Hirenkumar Popatbhai Vala
- Vijay Kalra
- Urja Harshal Shah
- Harish Sheth Kiritbhai
- Suresh Shanbhogue
What is the registered address of Setco Automotive Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Setco Automotive Limited is Baroda Godhra Highway Kalol(Panchmahal) India, Na, Gujarat, 389330.
What is the corporate identification number (CIN) and company number of Setco Automotive Limited?
The corporate identification number (CIN) of Setco Automotive Limited is L35999GJ1982PLC005203 and the company number is 005203 as per Ministry of Corporate Affairs (MCA).
Is Setco Automotive Limited registered with any stock exchange in India?
Yes, Setco Automotive Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SETCO.
What is the official website of Setco Automotive Limited?
The Official website of Setco Automotive Limited is https://www.setcoauto.com
What has been the recent revenue trend for Setco Automotive Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Setco Automotive Limited has fallen by -49.28%.
How many employees does Setco Automotive Limited currently have?
As Per 2022 financial reports, 626 employees are currently employed by Setco Automotive Limited.
What change has been observed in the net worth of Setco Automotive Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Setco Automotive Limited has experienced an downturn of -33.58%.
What are the total open charges for Setco Automotive Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Setco Automotive Limited amount to ₹ 663.37 Cr.
When was the last Balance Sheet of Setco Automotive Limited filed with the ROC?
The most recent Balance Sheet for Setco Automotive Limited was filed with the ROC on 31 Mar 2024.
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