Setco Spindles India Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
- Paid Up Capital ₹ 0.70 M
- Company Age 22 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 9.85 M
- Revenue Growth 27.33%
- Profit Growth 41.90%
- Ebitda 33.39%
- Net Worth 16.66%
- Total Assets 21.36%
About Setco Spindles India
Setco Spindles India Private Limited (SSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 August 2002 and has a history of 22 years and five months. Its registered office is in Pune, Maharashtra, India.
The Corporate was formerly known as Ultra Precision Spindles 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 2023. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 0.70 M.
The company has closed loans amounting to ₹9.85 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Rajesh Mandlik, Pradeep Waghela, James Broz, 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
U29299PN2002PTC017250
- Company No.
017250
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
28 Aug 2002
- Date of AGM
09 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Pune
Industry
What products or services does Setco Spindles India Private Limited offer?
Setco Spindles India Private Limited offers a wide range of products and services, including Repair & Maintenance Services, Compressor Repair and Maintenance, Milling & Grinding Tools, Grinding Parts, Milling Machine Accessories, Milling Head, Machine & Precision Tools, Spindles, Gear Drives, Spindle Drives.
Who are the key members and board of directors at Setco Spindles India?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Mandlik  | Managing Director | 28-Aug-2002 | Current |
| Pradeep Waghela | Managing Director | 28-Aug-2002 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
James Broz  | Director | 14-Sep-2017 | Current |
| Michael Meade | Director | 20-Aug-2019 | Current |
| Scott Bubenhofer | Director | 18-Sep-2021 | Current |
Financial Performance of Setco Spindles India.
Setco Spindles India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 27.33% increase. The company also saw a substantial improvement in profitability, with a 41.9% increase in profit. The company's net worth Soared by an impressive increase of 16.66%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Setco Spindles India?
In 2023, Setco Spindles 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.
Related Corporates (Common Directorship)
Indian Machine Tool Manufacturers AssociationRajesh Mandlik is a mutual person
Charges (Loans)
₹0
₹9.85 M
Charges Breakdown by Lending Institutions
- The Saraswat Co-Operative Bank Ltd. : 0.69 Cr
- Saraswat Cooperative Bank Limited : 0.17 Cr
- The Saraswat Co-Operative Bank Limited : 0.13 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Mar 2012 | Saraswat Cooperative Bank Limited | ₹0.84 M | Satisfied |
| 21 Mar 2012 | Saraswat Cooperative Bank Limited | ₹0.84 M | Satisfied |
| 13 Nov 2009 | The Saraswat Co-Operative Bank Limited | ₹1.29 M | Satisfied |
| 15 Nov 2006 | The Saraswat Co-Operative Bank Ltd. | ₹2.00 M | Satisfied |
| 15 Nov 2006 | The Saraswat Co-Operative Bank Ltd. | ₹2.00 M | Satisfied |
How Many Employees Work at Setco Spindles India?
Setco Spindles India has a workforce of 105 employees as of Apr 07, 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 Spindles 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 Setco Spindles India'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.
