Fortune MNC 500 India 2026 edition
Rank#277- Total income
- ₹2,207 Cr
- Profit
- ₹-68 Cr
Last year #267
Michelin India Private Limited - automotive in Gummidipundi, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2,474.23 Cr
▲ 13% YoY
Net profit · FY 2025
₹5.87 Cr
Net margin 0.2%
EBITDA · FY 2025
₹116.38 Cr
EBITDA margin 4.7%
Authorised capital
₹7,319.78 Cr
Registered with MCA
Paid-up capital
₹7,120.09 Cr
Issued & subscribed
Company age
17 yrs
Est. 2009
Directors on board
5
As per MCA filings
GST registrations
5
None active
About Michelin India Private Limited
Data last updated:
Michelin India Private Limited is a private limited company based in Gummidipundi, Tamil Nadu, India, a subsidiary of Compagnie Financiere Michelin Sas. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 24 April 2009 and has been in existence for over 17 years.
Michelin India is ranked #277 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U22110TN2009PTC071454. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7,319.78 Cr and a paid-up capital of ₹7,120.09 Cr. It was formerly known as Michelin India Tamilnadu Tyres Private Limited. It is led by directors including Shantanu Sudhir Deshpande (Managing Director) and Ignacio Sanchez Galvez (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1 Sipcot Industrial Park, Gummidipundi, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,474.23 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹5.87 Cr (net margin 0.2%) and EBITDA of ₹116.38 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website michelin.in.
Company details
CIN U22110TN2009PTC071454
Registration Number 071454
Incorporation Date 24 April 2009
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Compagnie Financiere Michelin Sas
Compliance Status Active Compliant
CIN history
Michelin India has one previous CIN (Corporate Identification Number): U25119TN2009PTC071454. The current CIN is U22110TN2009PTC071454, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U22110TN2009PTC071454 | Current |
| U25119TN2009PTC071454 | Previous |
Key People
Shantanu Sudhir Deshpande Managing Director Ignacio Sanchez Galvez Whole-Time Director Caroline Marie Marthe Talon Tailhardat Whole-Time Director Recognitions & Rankings of Michelin India
Contact details
Michelin India Private Limited's registered office is in Gummidipundi, Tamil Nadu. Its website is michelin.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot A – 1 Sipcot Industrial Park, Thervoy Kandigai Village Gummidipoondi Taluk Thiravallur, Gummidipundi, Tamil Nadu, India – 601202
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Michelin India Private Limited, buy the company report.
Comprehensive company report
Michelin India Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Michelin India are manufacturing, trade and professional, scientific and technical. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products, wholesale trading and architecture, engineering activities, technical testing and analysis activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Michelin India Private Limited, buy the company report.
Financials of Michelin India Private Limited
FY 2025 filings availableMichelin India Private Limited reported revenue of ₹2,474.23 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹2,474.23 Cr ▲ 13%
Net profit · FY 2025
₹5.87 Cr margin 0.2%
EBITDA · FY 2025
₹116.38 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 14%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 135%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 13% growth in the latest year. EBITDA rose 135% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,474.23 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹116.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.87 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Michelin India Private Limited, buy the company report.
Board of directors of Michelin India Private Limited
Michelin India has 5 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantanu Sudhir Deshpande | Managing Director | 17 Nov 2023 | 2 Years 11 Months | Current |
| Ignacio Sanchez Galvez | Whole-Time Director | 20 Aug 2024 | 2 Years 2 Months | Current |
| Caroline Marie Marthe Talon Tailhardat | Whole-Time Director | 10 Apr 2025 | 1 Years 6 Months | Current |
| Vitor Manuel Moreira Da Silva | Whole-Time Director | 12 Feb 2025 | 1 Years 8 Months | Current |
| Jean Francois Dominique Rene | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Michelin India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goodyear India Limited | ₹2,625.57 Cr (FY 2025) | 2.0% | Haryana, India | |||
| TRL Krosaki Refractories Limited | ₹2,624.5 Cr (FY 2025) | 4.0% | Jharsuguda, Odisha, India | |||
| Ddev Plastiks Industries Limited | ₹2,621.29 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Alternicq Limited | ₹2,584.03 Cr (FY 2025) | 21.0% | Manesar, Haryana, India | |||
| Prince Pipes and Fittings Limited | ₹2,537.66 Cr (FY 2025) | -2.0% | Dadra and Nagar Haveli, India | |||
| Michelin India Private Limitedthis company | ₹2,474.23 Cr (FY 2025) | ₹5.87 Cr | 0.2% | 13.0% | Gummidipundi, Tamil Nadu, India | |
| Kohler India Corporation Private Limited | ₹2,417.4 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Hamilton Housewares Private Limited | ₹2,358.65 Cr (FY 2024) | -1.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Montage Enterprises Private Limited | ₹2,341.88 Cr (FY 2024) | -12.0% | Delhi, India | |||
| Toyoda Gosei Uno Minda India Private Limited | ₹2,341.49 Cr (FY 2025) | 15.0% | Neemrana, Rajasthan, India | |||
| Satyendra Packaging Limited | ₹2,292.57 Cr (FY 2025) | 18.0% | Anand, Gujarat, India |
To see the full peer comparison of Michelin India Private Limited, buy the company report.
Auditor
Michelin India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2025 | 012754N/N500016 |
Shareholding
The shareholding of Michelin India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Michelin India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Michelin 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
Michelin India Private Limited has 8 MSME Form 1 returns on record between 2020 and 2024, listing 832 overdue payments to 108 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 108)
To see the full MSME payment records of Michelin India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Michelin India has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
5
Cancelled / inactive
5
To see the full GST registrations and return filing status of Michelin India Private Limited, buy the company report.
Recent activity
Michelin India Private Limited has 31 board changes on record since 2010: 7 appointments and 24 cessations. The latest: Jean Francois Dominique Rene was appointed as Additional Director on 14 Nov 2025.
Appointed
Jean Francois Dominique Rene was appointed as Additional Director.
AGM
Michelin India Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Caroline Marie Marthe Talon Tailhardat was appointed as Whole-Time Director.
Ceased
Caroline Marie Marthe Talon Tailhardat ceased to be Additional Director.
Filing
Michelin India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Appointed
Vitor Manuel Moreira Da Silva was appointed as Whole-Time Director.
Ceased
Vitor Manuel Moreira Da Silva ceased to be Additional Director.
Appointed
Ambica Rajagopal was appointed as Whole-Time Director.
Appointed
Ignacio Sanchez Galvez was appointed as Whole-Time Director.
Ceased
Ignacio Sanchez Galvez ceased to be Additional Director.
Ceased
Ambica Rajagopal ceased to be Additional Director.
Ceased
Jean Charles Francois Maurice Cambier ceased to be Additional Director.
22 earlier events are in the company report.
News
Frequently asked questions
Michelin India is an active private limited company based in Gummidipundi, Tamil Nadu, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 24 April 2009 (17+ years old) and is registered under CIN U22110TN2009PTC071454.
Michelin India has 5 current directors:
- Shantanu Sudhir Deshpande - Managing Director
- Ignacio Sanchez Galvez - Whole-Time Director
- Caroline Marie Marthe Talon Tailhardat - Whole-Time Director
- Vitor Manuel Moreira Da Silva - Whole-Time Director
- Jean Francois Dominique Rene - Additional Director
The latest financial statements of Michelin India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Michelin India has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Michelin India is U22110TN2009PTC071454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Michelin India was incorporated on 24 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Michelin India by revenue are Goodyear India Limited, TRL Krosaki Refractories Limited, Ddev Plastiks Industries Limited, Alternicq Limited, Prince Pipes and Fittings Limited and 5 more, all in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Jean Francois Dominique Rene was appointed as Additional Director on 14 Nov 2025. Caroline Marie Marthe Talon Tailhardat was appointed as Whole-Time Director on 10 Apr 2025. Caroline Marie Marthe Talon Tailhardat ceased to be Additional Director on 10 Apr 2025. Michelin India has 31 board changes on record in total.
Michelin India has 8 MSME Form 1 returns on record between 2020 and 2024, listing 832 overdue payments to 108 micro and small suppliers. The latest return was filed on 19 Jun 2024.
Michelin India can be reached through the website michelin.in. Its registered office is in Gummidipundi, Tamil Nadu, India.
The registered office of Michelin India is at Plot A – 1 Sipcot Industrial Park, Thervoy Kandigai Village Gummidipoondi Taluk Thiravallur, Gummidipundi, Tamil Nadu, India – 601202.
Michelin India operates in the automotive industry, in the auto parts and components segment.