MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-03-0021779
2Degrees Automotive Private Limited - machinery and equipment in Mettupalayam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.45 Cr
▲ 45% YoY
Net profit · FY 2024
₹4.78 Lakh
Net margin 3.3%
EBITDA · FY 2024
₹49.06 Lakh
EBITDA margin 33.8%
Authorised capital
₹1.94 Cr
Registered with MCA
Paid-up capital
₹1.21 Cr
Issued & subscribed
Open charges
₹4.37 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About 2Degrees Automotive Private Limited
Data last updated:
2Degrees Automotive Private Limited is a private limited company based in Mettupalayam, Tamil Nadu, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 06 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U29222TZ2019PTC032952. Its GSTIN is 33AABCZ4485C1ZE (Tamil Nadu).
The company has an authorised share capital of ₹1.94 Cr and a paid-up capital of ₹1.21 Cr. It is led by directors Palanisamy Karthik (Managing Director) and Palanisamy Pradeep (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mettupalayam, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.45 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹4.78 Lakh (net margin 3.3%) and EBITDA of ₹49.06 Lakh (EBITDA margin 33.8%). Revenue has grown at a compounded annual rate (CAGR) of 102% over three years.
As per MCA filings, the company has open charges of ₹4.37 Cr on record.
2Degrees Automotive Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-03-0021779). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 2degrees.co.in.
Company details
CIN U29222TZ2019PTC032952
Registration Number 032952
Incorporation Date 06 November 2019
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-03-0021779
Recognitions & Rankings of 2Degrees Automotive
Contact details
2Degrees Automotive Private Limited's registered office is in Mettupalayam, Tamil Nadu. Its website is 2degrees.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSf. No. 329/4 Pappampatti Main Road, Kannampalayam Sulur, Mettupalayam, Tamil Nadu, India – 641402
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of 2Degrees Automotive Private Limited, buy the company report.
Comprehensive company report
2Degrees Automotive 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 activity of 2Degrees Automotive 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 2Degrees Automotive Private Limited, buy the company report.
Financials of 2Degrees Automotive Private Limited
FY 2024 filings available2Degrees Automotive Private Limited reported revenue of ₹1.45 Cr (up 45% YoY) for FY 2024.
Revenue · FY 2024
₹1.45 Cr ▲ 45%
Net profit · FY 2024
₹4.78 Lakh margin 3.3%
EBITDA · FY 2024
₹49.06 Lakh margin 33.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 102%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 73%
Revenue has grown at a compounded annual rate (CAGR) of 102% over three years, including 45% growth in the latest year. EBITDA fell 5% 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 | ₹49.06 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹4.78 Lakh | ||||
| Balance Sheet | |||||
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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 | 33.8% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of 2Degrees Automotive Private Limited, buy the company report.
Board of directors of 2Degrees Automotive Private Limited
2Degrees Automotive has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanisamy Karthik | Managing Director | 06 Nov 2019 | 6 Years 11 Months | Current |
| Palanisamy Pradeep | Managing Director | 06 Nov 2019 | 6 Years 11 Months | Current |
Auditor
2Degrees Automotive Private Limited is audited by T S AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T S AND CO | FY 2023 | 018159S |
Shareholding
The shareholding of 2Degrees Automotive Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of 2Degrees Automotive Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.37 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2024 | 100937300 | Others | ₹2.16 Cr | Open | |
| 17 Dec 2021 | 100513171 | Others | ₹1.47 Cr | Open | |
| 01 Mar 2020 | 100336039 | Others | ₹74 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving 2Degrees Automotive 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 2Degrees Automotive Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
2Degrees Automotive has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCZ4485C1ZE | Tamil Nadu | Active | 21 Nov 2019 |
To see the full GST registrations and return filing status of 2Degrees Automotive Private Limited, buy the company report.
Recent activity
2Degrees Automotive Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Palanisamy Karthik was appointed as Managing Director on 06 Nov 2019.
AGM
2Degrees Automotive Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
2Degrees Automotive Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Others amounted to Rs. 2.16 Cr with Charge ID 100937300 was registered on 22 Mar 2024.
Charges
A charge with Others amounted to Rs. 1.47 Cr with Charge ID 100513171 was registered on 17 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.74 Cr with Charge ID 100336039 was registered on 01 Mar 2020.
Appointed
Palanisamy Karthik was appointed as Managing Director.
Appointed
Palanisamy Pradeep was appointed as Managing Director.
Incorporation
06 Nov 2019
2Degrees Automotive Private Limited was registered on 06 Nov 2019 with Roc Coimbatore & aged 7 years as per MCA records.
Frequently asked questions
2Degrees Automotive is an active private limited company based in Mettupalayam, Tamil Nadu, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 06 November 2019 (7+ years old) and is registered under CIN U29222TZ2019PTC032952.
2Degrees Automotive has 2 current directors:
- Palanisamy Karthik - Managing Director
- Palanisamy Pradeep - Managing Director
The latest financial statements of 2Degrees Automotive on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of 2Degrees Automotive is 33AABCZ4485C1ZE, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of 2Degrees Automotive is U29222TZ2019PTC032952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
2Degrees Automotive was incorporated on 06 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Coimbatore.
Palanisamy Karthik was appointed as Managing Director on 06 Nov 2019. Palanisamy Pradeep was appointed as Managing Director on 06 Nov 2019.
Yes, 2Degrees Automotive is registered as a small enterprise under Udyam registration (number: UDYAM-TN-03-0021779).
2Degrees Automotive can be reached through the website 2degrees.co.in. Its registered office is in Mettupalayam, Tamil Nadu, India.
The registered office of 2Degrees Automotive is at Sf. No. 3294 Pappampatti Main Road, Kannampalayam Sulur, Mettupalayam, Tamil Nadu, India – 641402.
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