About Comer Industries India Private Limited
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Comer Industries India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Comer Industries Spa. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29222KA2015FTC082898. Its GSTIN is 29AAGCC1941H1ZO (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.13 Cr. It is led by directors including Matteo Storchi and Giuseppe Zelano.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sy No.41 And 42/3 Soukya Road Kacharkanahalli Village Hosakote Taluk, Bangalore, Karnataka, India – 560067.
As per the financials filed for FY 2025, the company reported a revenue of ₹367.19 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹43.68 Cr (net margin 11.9%) and EBITDA of ₹64.86 Cr (EBITDA margin 17.7%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 31% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Comer Industries. The company has 1 deal on record (1 rights issue); the latest was in April 2016. The company has 33 MSME Form 1 returns on record between 2018 and 2024, listing 8,736 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website comerindustries.com.
Company details
Contact details
Comer Industries India Private Limited's registered office is in Bangalore, Karnataka. Its website is comerindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy No.41 And 42/3 Soukya Road Kacharkanahalli Village Hosakote Taluk, Bangalore, Karnataka, India – 560067
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Comer Industries India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Comer Industries India operates one associated brand: Comer Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global leader in designing and producing advanced engineering systems and mechatronic solutions for power transmission | comerindustries.com |
Business activity
The main business activity of Comer Industries India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Comer Industries India Private Limited, buy the company report.
Financials of Comer Industries India Private Limited
FY 2025 filings availableComer Industries India Private Limited reported revenue of ₹367.19 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 15% growth in the latest year. EBITDA rose 55% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹64.86 Cr | ||||
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| Net Profit (PAT) | ₹43.68 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 17.7% | ||||
| Net Profit Margin | 11.9% | ||||
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To see the full financial statements and ratios of Comer Industries India Private Limited, buy the company report.
Board of directors of Comer Industries India Private Limited
Comer Industries India has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Matteo Storchi | Director | 05 Feb 2018 | 8 Years 8 Months | Current |
| Giuseppe Zelano | Director | 18 Sep 2015 | 11 Years 1 Months | Current |
| Ayushi Kedia Also directs: Ownitfirst Management Consultancy LLP | Director | 01 Dec 2023 | 2 Years 11 Months | Current |
Auditor
Comer Industries India Private Limited is audited by M/S. Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S. Deloitte Haskins & Sells | FY 2023 | 008072S |
Shareholding
The shareholding of Comer Industries India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Comer Industries India Private Limited, buy the company report.
Deals & funding
Comer Industries India Private Limited has 1 deal on record (1 rights issue); the latest was in April 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Rights issue | ₹7.51 Cr | Investors: Comer Industries Spa, Comer Industries Components SRL |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Comer Industries India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Comer Industries India Private Limited has 33 MSME Form 1 returns on record between 2018 and 2024, listing 8,736 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maurya Industries | |||
| Synnova Gears & Transmissions Private Limited | |||
| Goldy Precision Technologies Private Limited | |||
| Marvelous Machinist Private Limited | |||
| Versatile Engineers |
To see the full MSME payment records of Comer Industries India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Comer Industries India Private Limited has a workforce of 51 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Comer Industries India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCC1941H1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Comer Industries India Private Limited, buy the company report.
Recent activity
Comer Industries India Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Ayushi Kedia ceased to be Additional Director on 23 Sep 2024.
News
Frequently asked questions
Comer Industries India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 September 2015 (11+ years old) and is registered under CIN U29222KA2015FTC082898.
Comer Industries India has 3 current directors:
- Matteo Storchi - Director
- Giuseppe Zelano - Director
- Ayushi Kedia - Director
The latest financial statements of Comer Industries India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Comer Industries India is 29AAGCC1941H1ZO, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Comer Industries India is U29222KA2015FTC082898. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Comer Industries India was incorporated on 18 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Comer Industries India has 1 deal on record (1 rights issue); the latest was in April 2016.
Ayushi Kedia ceased to be Additional Director on 23 Sep 2024. Ayushi Kedia was appointed as Director on 01 Dec 2023. Syed Ehsan Amanulla ceased to be Additional Director on 30 Sep 2022. Comer Industries India has 9 board changes on record in total.
Comer Industries India has 33 MSME Form 1 returns on record between 2018 and 2024, listing 8,736 overdue payments to 14 micro and small suppliers. The latest return was filed on 01 May 2024.
Comer Industries India can be reached through the website comerindustries.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Comer Industries India is at Sy No.41 And 423 Soukya Road Kacharkanahalli Village Hosakote Taluk, Bangalore, Karnataka, India – 560067.
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