The Hutti Gold Mines Co Ltd

Primary gold producer in Karnataka with integrated mining and processing operations.

1947 | Bangalore, Karnataka (India) | Active
Last Updated: October 14, 2024

The Hutti Gold Mines Co Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 2.96 Cr
  • Company Age 77 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 6.00 Cr
  • Revenue Growth 32.38%
  • Profit Growth 77.97%
  • Ebitda 74.14%
  • Net Worth 5.73%
  • Total Assets 5.62%

About The Hutti Gold Mines Co

The Hutti Gold Mines Co Ltd (THGMCL) was founded in India on 08 July 1947 and has a glorious history of 77 years and six months. Its registered office is in Bangalore, Karnataka, India.

The Corporate was formerly known as The Hyderabad Gold Mines Co., Ltd.. The Company is engaged in the Metals And Minerals 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 20.00 Cr and a paid-up capital of Rs 2.96 Cr.

The company has closed loans amounting to ₹6.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Srikar Mysore, Shamanur Mallikarjun, Vipul Bansal, and Nine other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U85110KA1947SGC001321

  • Company No.

    001321

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    08 Jul 1947

  • Date of AGM

    29 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Metals and Minerals

Who are the key members and board of directors at The Hutti Gold Mines Co?

Executive Team (1)

NameDesignationAppointment DateStatus
Ramaiah Shilpa Managing Director30-Sep-2024Current

Board Members (11)

NameDesignationAppointment DateStatus
Prabhakar Sangoormath Country flag representing In Nominee Director 23-Mar-2021Current
Srikar Mysore Country flag representing In Nominee Director 22-Jun-2022Current
Shamanur Mallikarjun Country flag representing In Nominee Director 05-Jan-2024Current
Vipul Bansal Country flag representing In Nominee Director 22-Aug-2024Current
Khushboo Goel Country flag representing In Nominee Director 30-Sep-2024Current
Rgirish Country flag representing In Nominee Director 05-Jan-2024Current

Financial Performance of The Hutti Gold Mines Co.

The Hutti Gold Mines Co Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 32.38% increase. The company also saw a substantial improvement in profitability, with a 77.97% increase in profit. The company's net worth moved up by a moderate rise of 5.73%.

Graph illustrating revenue growth over time
Graph showing 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
32.38%
Revenue from Operations
32.09%
Total Assets
5.62%
Profit or Loss
77.97%
Net Worth
5.73%
EBITDA
74.14%

What is the Ownership and Shareholding Structure of The Hutti Gold Mines Co?

In 2023, The Hutti Gold Mines Co had a promoter holding of 98.82% and a public holding of 1.19%. 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

₹6.00 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of Hyderabad : 6.00 Cr

Latest Charge Details

DateLenderAmountStatus
15 Oct 1993State Bank Of Hyderabad₹6.00 CrSatisfied

How Many Employees Work at The Hutti Gold Mines Co?

Unlock and access historical data on people associated with The Hutti Gold Mines Co, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of The Hutti Gold Mines Co, 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 The Hutti Gold Mines Co'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 The Hutti Gold Mines Co

Recent activity within the organization

  • Director Appointment

    Khushboo Goel was appointed as a Nominee Director was appointed as a Nominee Director on 30 Sep 2024 & has been associated with this company since 4 months 2 days .

    30 Sep 2024

  • Director Appointment

    Ramaiah Shilpa was appointed as a Managing Director was appointed as a Managing Director on 30 Sep 2024 & has been associated with this company since 4 months 2 days .

    30 Sep 2024

  • Director Appointment

    Thrilokchandra Venkateswar Karthik was appointed as a Nominee Director was appointed as a Nominee Director on 23 Aug 2024 & has been associated with this company since 5 months 9 days .

    23 Aug 2024

  • Director Appointment

    Vipul Bansal was appointed as a Nominee Director was appointed as a Nominee Director on 22 Aug 2024 & has been associated with this company since 5 months 10 days .

    22 Aug 2024

  • Director Appointment

    Shamanur Shivashankarappa Mallikarjun was appointed as a Nominee Director was appointed as a Nominee Director on 05 Jan 2024 & has been associated with this company since 1 year 26 days .

    05 Jan 2024

  • Annual General Meeting

    The Hutti Gold Mines Co Ltd last Annual general meeting of members was held on 29 Dec 2023 as per latest MCA records.

    29 Dec 2023

Frequently asked questions

  • The Hutti Gold Mines Co Ltd was incorporated on 08 Jul 1947.

  • The authorized share capital of The Hutti Gold Mines Co Ltd is ₹ 20.00 Cr and paid-up capital is ₹ 2.96 Cr.

  • Currently 12 directors are associated with The Hutti Gold Mines Co Ltd.

    • Srikar Sridhar Mysore
    • Shamanur Shivashankarappa Mallikarjun
    • Vipul Bansal
    • Khushboo Goel
    • Rgirish
    • Parakkunnum Chalil Jaffer
    • Siddaramappa Halesh
    • Jayavibhava Swamy
    • Thrilokchandra Venkateswar Karthik
    • Prabhakar Shivaputrayya Sangoormath
    • Srinivas Raj
    • Ramaiah Shilpa
  • As per Ministry of Corporate Affairs (Mca), the registered address of The Hutti Gold Mines Co Ltd is 3Rd Floor Khb Shopping Complex National Games Village Koramangala, Bangalore, Karnataka, India, 560025.

  • The corporate identification number (CIN) of The Hutti Gold Mines Co Ltd is U85110KA1947SGC001321 and the company number is 001321 as per Ministry of Corporate Affairs (MCA).

  • The Official website of The Hutti Gold Mines Co Ltd is https://www.huttigold.karnataka.gov.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for The Hutti Gold Mines Co Ltd has risen by 32.38%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of The Hutti Gold Mines Co Ltd has experienced an upsurge of 5.73%.

  • The most recent Balance Sheet for The Hutti Gold Mines Co Ltd was filed with the ROC on 31 Mar 2023.

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