About Ipco Process & Belt Technology India Private Limited
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Ipco Process & Belt Technology India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Ipco Ab. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 27 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U27209PN2017FTC184388. Its GSTIN is 27AADCF1633Q1ZC (Maharashtra).
The company has an authorised share capital of ₹34.21 Lakh and a paid-up capital of ₹33.97 Lakh. It was formerly known as Ipco India Private Limited and Ipco India Process Systems Private Limited. It is led by directors including Robert Louis Stivale (Managing Director) and Johan Perake Sjogren.
Its last annual general meeting (AGM) was held on 31 October 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.71 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹83.18 Lakh (net margin 3.1%) and EBITDA of ₹2.18 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ipco.com.
Company details
Name history
Ipco Process & Belt Technology India has undergone 5 name changes throughout its history. The current legal name is Ipco Process & Belt Technology India Private Limited.
| Company Name | Status |
|---|---|
| Ipco Process & Belt Technology India Private Limited | Current |
| Ipco India Private Limited | Previous |
| Ipco India Process Systems Private Limited | Previous |
| F-Intressenter India Private Limited | Previous |
| Industrial Processing India Private Limited | Previous |
| Ipco Process & Belt Technologies India Private Limited | Previous |
CIN history
Ipco Process & Belt Technology India has one previous CIN (Corporate Identification Number): U27209DL2017FTC321316. The current CIN is U27209PN2017FTC184388, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27209PN2017FTC184388 | Current |
| U27209DL2017FTC321316 | Previous |
Contact details
Ipco Process & Belt Technology India Private Limited's registered office is in Pune, Maharashtra. Its website is ipco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. – 103 A Wing Icc Trade Tower Floor – 1 Senapati Bapat Road Shivaji Na, Gar, Pune, Maharashtra, India – 411016
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Ipco Process & Belt Technology 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
Business activity
The main business activity of Ipco Process & Belt Technology India is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Ipco Process & Belt Technology India Private Limited, buy the company report.
Financials of Ipco Process & Belt Technology India Private Limited
FY 2024 filings availableIpco Process & Belt Technology India Private Limited reported revenue of ₹26.71 Cr (up 57% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 57% growth in the latest year. EBITDA rose 4% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.18 Cr | ||||
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| Net Profit (PAT) | ₹83.18 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 3.1% | ||||
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To see the full financial statements and ratios of Ipco Process & Belt Technology India Private Limited, buy the company report.
Board of directors of Ipco Process & Belt Technology India Private Limited
Ipco Process & Belt Technology India has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Johan Perake Sjogren | Director | 04 Jan 2018 | 8 Years 9 Months | Current |
| Tom Nygren | Director | 02 Jan 2021 | 5 Years 9 Months | Current |
| Bjorn Robert Benktsson Schortz | Director | 10 Feb 2024 | 2 Years 8 Months | Current |
| Chandrashekhar Sharad Kulkarni | Director | 31 Jul 2024 | 2 Years 2 Months | Current |
| Robert Louis Stivale | Managing Director | 31 Jul 2024 | 2 Years 2 Months | Current |
| Karl Robert Alexander Hermans | Director | 20 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Ipco Process & Belt Technology India Private Limited is audited by Price Water House Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Water House Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Ipco Process & Belt Technology India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ipco Process & Belt Technology India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ipco Process & Belt Technology 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
No delayed payments to MSME suppliers are on our record for Ipco Process & Belt Technology India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ipco Process & Belt Technology India Private Limited has a workforce of 23 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Ipco Process & Belt Technology India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCF1633Q1ZC | Maharashtra | Active | 17 Nov 2017 |
To see the full GST registrations and return filing status of Ipco Process & Belt Technology India Private Limited, buy the company report.
Recent activity
Ipco Process & Belt Technology India Private Limited has 17 board changes on record since 2018: 6 appointments and 11 cessations. The latest: Karl Robert Alexander Hermans ceased to be Additional Director on 30 Oct 2025.
8 earlier events are in the company report.
Frequently asked questions
Ipco Process & Belt Technology India is an active foreign private limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 27 July 2017 (9+ years old) and is registered under CIN U27209PN2017FTC184388.
Ipco Process & Belt Technology India has 6 current directors:
- Robert Louis Stivale - Managing Director
- Johan Perake Sjogren - Director
- Tom Nygren - Director
- Bjorn Robert Benktsson Schortz - Director
- Chandrashekhar Sharad Kulkarni - Director
- Karl Robert Alexander Hermans - Director
The latest financial statements of Ipco Process & Belt Technology India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 October 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Ipco Process & Belt Technology India is 27AADCF1633Q1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ipco Process & Belt Technology India is U27209PN2017FTC184388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipco Process & Belt Technology India was incorporated on 27 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Pune.
Karl Robert Alexander Hermans ceased to be Additional Director on 30 Oct 2025. Karl Robert Alexander Hermans was appointed as Director on 20 Mar 2025. Bjorn Robert Benktsson Schortz ceased to be Additional Director on 02 Dec 2024. Ipco Process & Belt Technology India has 17 board changes on record in total.
Ipco Process & Belt Technology India can be reached through the website ipco.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Ipco Process & Belt Technology India is at Unit No. – 103 A Wing Icc Trade Tower Floor – 1 Senapati Bapat Road Shivaji Na, Gar, Pune, Maharashtra, India – 411016.
Ipco Process & Belt Technology India operates in the machinery and equipment industry, in the industrial machinery manufacturing segment.