About Megtec Systems India Private Limited
Data last updated:
Megtec Systems India Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Megtec India Holdings Llc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 19 December 2005.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U29299TN2005PTC133075. Its GSTIN is 27AAECM4841J1ZA (Maharashtra).
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.31 Cr. It was led by directors including Madhav Shridhar Athalye (Managing Director) and Kenneth Zak.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Prestige Polygon No. 471 Anna Salai Teynampet, Chennai, Tamil Nadu, India – 600035.
As per the financials filed for FY 2019, the company reported a revenue of ₹22.88 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹2.75 Cr (net margin 12%) and EBITDA of ₹3.23 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 7% over five years.
The last known website on record is megtec.com.
Company details
CIN history
Megtec Systems India has one previous CIN (Corporate Identification Number): U29299PN2005PTC021703. The current CIN is U29299TN2005PTC133075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299TN2005PTC133075 | Current |
| U29299PN2005PTC021703 | Previous |
Contact details
Megtec Systems India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is megtec.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPrestige Polygon No. 471 Anna Salai Teynampet, Chennai, Tamil Nadu, India – 600035
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Megtec Systems 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
Financials of Megtec Systems India Private Limited
FY 2019 filings availableMegtec Systems India Private Limited reported revenue of ₹22.88 Cr (down 31% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 48% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹22.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.75 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | ||||
| Net Profit Margin | 12% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Megtec Systems India Private Limited, buy the company report.
Board of directors of Megtec Systems India Private Limited
Megtec Systems India has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kenneth Zak | Director | 05 Oct 2015 | 11 Years 0 Months | As last reported |
| Anandakrishnan Seshadri | Director | 24 Jul 2019 | 7 Years 2 Months | As last reported |
| Michael Berger Also directs: The Indo German Chamber of Commerce | Director | 24 Jul 2019 | 7 Years 2 Months | As last reported |
| Madhav Shridhar Athalye Also directs: Atyavinyaa Industrial and Manufacturing Consultants LLP | Managing Director | 01 Sep 2011 | 15 Years 1 Months | As last reported |
Auditor
Megtec Systems India Private Limited is audited by KETAN SETIYA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KETAN SETIYA & ASSOCIATES | FY 2019 | 121795W |
Shareholding
The shareholding of Megtec Systems India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Megtec Systems India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Megtec Systems 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 Megtec Systems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Megtec Systems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM4841J1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Megtec Systems India Private Limited, buy the company report.
Recent activity
Megtec Systems India Private Limited has 11 board changes on record since 2011: 4 appointments and 7 cessations. The latest: Anandakrishnan Seshadri ceased to be Additional Director on 30 Sep 2019.
2 earlier events are in the company report.
Frequently asked questions
Megtec Systems India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Megtec Systems India was a private limited company based in Chennai, Tamil Nadu, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 19 December 2005 and is registered under CIN U29299TN2005PTC133075. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Megtec Systems India was incorporated on 19 December 2005. It is registered with the Registrar of Companies, Chennai.
Megtec Systems India had 4 directors:
- Madhav Shridhar Athalye - Managing Director
- Kenneth Zak - Director
- Anandakrishnan Seshadri - Director
- Michael Berger - Director
The CIN (Corporate Identification Number) of Megtec Systems India is U29299TN2005PTC133075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Megtec Systems India is at Prestige Polygon No. 471 Anna Salai Teynampet, Chennai, Tamil Nadu, India – 600035.
Megtec Systems India can be reached through the website megtec.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Megtec Systems India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Megtec Systems India is 27AAECM4841J1ZA, registered in Maharashtra.
Megtec Systems India operated in the machinery and equipment industry, in the process machinery and industrial equipment segment.