Setco Engineering Profile
Key Indicators
- Authorised Capital ₹ 165.00 Cr
- Paid Up Capital ₹ 152.66 Cr
- Company Age 45 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 717.44 Cr
- Satisfied Charges ₹ 125.00 Cr
- Revenue Growth -41.31%
- Profit Growth 604.10%
- Ebitda -74.73%
- Net Worth 164.48%
- Total Assets 18.65%
About Setco Engineering
Setco Engineering Private Limited (SEPL) is a Private Limited Indian Non-Government Company incorporated in India on 21 December 1979 and has a history of 45 years and three months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Setco Auto P Ltd. 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 165.00 Cr and a paid-up capital of Rs 152.66 Cr.
The company currently has active open charges totaling ₹717.44 Cr. The company has closed loans amounting to ₹125.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Setco Engineering Private Limited India is Mayuri Bhanushali as COMPANY SECRETARY. Harish Kiritbhai, Udit Sheth, and Sneha Sheth serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U54100MH1979PTC171127
- Company No.
171127
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
21 Dec 1979
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Automotive
Who are the key members and board of directors at Setco Engineering?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mayuri Bhanushali | Company Secretary | 01-Jan-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harish Kiritbhai  | Director | 21-Dec-1979 | Current |
| Udit Sheth | Director | 30-Jun-2008 | Current |
| Sneha Sheth | Director | 18-Mar-1983 | Current |
Financial Performance of Setco Engineering.
Setco Engineering Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 41.31% decrease. The company also saw a substantial improvement in profitability, with a 604.1% increase in profit. The company's net worth Soared by an impressive increase of 164.48%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Setco Engineering?
In 2022, Setco Engineering had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Transstadia Enterprises Private LimitedHarish Kiritbhai, Udit Sheth and 1 more are mutual person
- Transstadia Technologies Private Limited
Harish Kiritbhai and Udit Sheth are mutual person
- Transstadia Holdings Private Limited
Harish Kiritbhai and Udit Sheth are mutual person
- Se Transstadia Private Limited
Harish Kiritbhai and Udit Sheth are mutual person
- Transstadia Boxing India Private Limited
Harish Kiritbhai and Udit Sheth are mutual person
- Transstadia Education & Research Foundation
Udit Sheth is a mutual person
Charges (Loans)
Open Charges
₹717.44 Cr
Satisfied Charges
₹125.00 Cr
Charges Breakdown by Lending Institutions
- Others : 695.00 Cr
- Gda Trusteeship Limited : 20.00 Cr
- Bank Of Baroda : 2.44 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jul 2024 | Others | ₹20.00 Cr | Open |
| 14 Sep 2021 | Others | ₹350.00 Cr | Open |
| 14 Sep 2021 | Others | ₹215.00 Cr | Open |
| 17 Jun 2019 | Others | ₹85.00 Cr | Open |
| 21 Apr 2018 | Others | ₹25.00 Cr | Open |
How Many Employees Work at Setco Engineering?
Unlock and access historical data on people associated with Setco Engineering, 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 Setco Engineering, 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 Engineering'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 Engineering
Recent activity within the organization
- Annual General Meeting
Setco Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100986945 was registered on 19 Jul 2024.
- Balance Sheet
Setco Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Others of Rs. 350.00 Cr registered on 14 Sep 2021 with Charge ID 100493507 was modified on 20 Jan 2023.
- Charges
A charge with Others of Rs. 215.00 Cr registered on 14 Sep 2021 with Charge ID 100493807 was modified on 20 Jan 2023.
- Charges
A charge registered on 15 Nov 2016 via Charge ID 100074698 with Others was fully satisfied on 04 Feb 2022.
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 Engineering Private Limited?
Setco Engineering Private Limited was incorporated on 21 Dec 1979.
What is authorized share capital and paid-up capital of Setco Engineering Private Limited?
The authorized share capital of Setco Engineering Private Limited is ₹ 165.00 Cr and paid-up capital is ₹ 152.66 Cr.
Who are the current board members & directors of Setco Engineering Private Limited?
Currently 4 directors are associated with Setco Engineering Private Limited.
- Mayuri Nanji Bhanushali
- Harish Sheth Kiritbhai
- Udit Harish Sheth
- Sneha Harish Sheth
What is the registered address of Setco Engineering Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Setco Engineering Private Limited is 54A Tardeo Road Near Film Centre, Road India, Mumbai, Maharashtra, 400034.
What is the corporate identification number (CIN) and company number of Setco Engineering Private Limited?
The corporate identification number (CIN) of Setco Engineering Private Limited is U54100MH1979PTC171127 and the company number is 171127 as per Ministry of Corporate Affairs (MCA).
What is the official website of Setco Engineering Private Limited?
The Official website of Setco Engineering Private Limited is https://www.setcoauto.com
What has been the recent revenue trend for Setco Engineering Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Setco Engineering Private Limited has fallen by -41.31%.
What change has been observed in the net worth of Setco Engineering Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Setco Engineering Private Limited has experienced an upsurge of 164.48%.
What are the total open charges for Setco Engineering Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Setco Engineering Private Limited amount to ₹ 717.44 Cr.
When was the last Balance Sheet of Setco Engineering Private Limited filed with the ROC?
The most recent Balance Sheet for Setco Engineering Private Limited was filed with the ROC on 31 Mar 2024.