Setco Spindles India Private Limited

Specializes in designing and manufacturing high-performance precision spindles for various industries, with global exports.

2002 | Pune, Maharashtra (India) | Active
Last Updated:

Setco Spindles India Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.70 M
  • Company Age 22 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • 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 eight 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 2024. 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, Michael Meade, and Four 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

    19 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 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.

Company report

Setco Spindles India Private Limited

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

Who are the key members and board of directors at Setco Spindles India?

Executive Team (2)

NameDesignationAppointment DateStatus
Rajesh Mandlik Country flag representing In Managing Director28-Aug-2002Current
Pradeep Waghela Country flag representing In Managing Director28-Aug-2002Current

Board Members (5)

NameDesignationAppointment DateStatus
Michael Meade Country flag representing Us Director 20-Aug-2019Current
Scott Bubenhofer Country flag representing Us Director 18-Sep-2021Current
Brian Schloemer Additional Director 11-Oct-2024Current
Kiran Bhandare Additional Director 11-Oct-2024Current
James Broz Country flag representing Us Director 14-Sep-2017Current

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%.

Setco Spindles India revenue growth over time
Setco Spindles 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
27.33%
Revenue from Operations
26.12%
Total Assets
21.36%
Profit or Loss
41.90%
Net Worth
16.66%
EBITDA
33.39%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹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

DateLenderAmountStatus
21 Mar 2012Saraswat Cooperative Bank Limited₹0.84 MSatisfied
21 Mar 2012Saraswat Cooperative Bank Limited₹0.84 MSatisfied
13 Nov 2009The Saraswat Co-Operative Bank Limited₹1.29 MSatisfied
15 Nov 2006The Saraswat Co-Operative Bank Ltd.₹2.00 MSatisfied
15 Nov 2006The Saraswat Co-Operative Bank Ltd.₹2.00 MSatisfied

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.

Employee growth trends for Setco Spindles India Private Limited

Deals i

Graph showing company valuation over time

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

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 Setco Spindles India

Recent activity within the organization

  • Director Appointment

    Brian Patrick Schloemer was appointed as a Additional Director was appointed as a Additional Director on 11 Oct 2024 & has been associated with this company since 7 months 14 days .

  • Director Appointment

    Kiran Bhaskar Bhandare was appointed as a Additional Director was appointed as a Additional Director on 11 Oct 2024 & has been associated with this company since 7 months 14 days .

  • Annual General Meeting

    Setco Spindles India Private Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.

  • Balance Sheet

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

  • Director Appointment

    Scott Christopher Bubenhofer was appointed as a Director was appointed as a Director on 18 Sep 2021 & has been associated with this company since 3 years 8 months .

  • Charges

    A charge registered on 21 Mar 2012 via Charge ID 10346969 with Saraswat Cooperative Bank Limited was fully satisfied on 24 Nov 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Setco Spindles India Private Limited?

    Setco Spindles India Private Limited was incorporated on 28 Aug 2002.

  • What is authorized share capital and paid-up capital of Setco Spindles India Private Limited?

    The authorized share capital of Setco Spindles India Private Limited is ₹ 1.50 M and paid-up capital is ₹ 0.70 M.

  • Who are the current board members & directors of Setco Spindles India Private Limited?

    Currently 7 directors are associated with Setco Spindles India Private Limited.

    • Rajesh Bhaskar Mandlik
    • Pradeep Devkaran Waghela
    • Michael Andrew Meade
    • Scott Christopher Bubenhofer
    • Brian Patrick Schloemer
    • Kiran Bhaskar Bhandare
    • James Thomas Broz

  • What is the registered address of Setco Spindles India Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Setco Spindles India Private Limited is Shed No. 2 Sr. 14, Dhadge Industrial Estate Nanded India, Pune, Maharashtra, 411041.

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

    The corporate identification number (CIN) of Setco Spindles India Private Limited is U29299PN2002PTC017250 and the company number is 017250 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Setco Spindles India Private Limited?

    The Official website of Setco Spindles India Private Limited is https://www.setco.com

  • What has been the recent revenue trend for Setco Spindles India Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Setco Spindles India Private Limited has risen by 27.33%.

  • How many employees does Setco Spindles India Private Limited currently have?

    As Per 2023 financial reports, 105 employees are currently employed by Setco Spindles India Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Setco Spindles India Private Limited has experienced an upsurge of 16.66%.

  • When was the last Balance Sheet of Setco Spindles India Private Limited filed with the ROC?

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

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