MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-08-0005971
Altek Beissel Needles Limited - machinery and equipment in Madurantakam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹8.67 Cr
▼ 9% YoY
Net loss · FY 2023
₹20.28 Lakh
Net margin -2.3%
EBITDA · FY 2023
₹29.13 Lakh
EBITDA margin 3.4%
Authorised capital
₹13.5 Cr
Registered with MCA
Paid-up capital
₹3.37 Cr
Issued & subscribed
Open charges
₹5.89 Cr
Satisfied ₹1.5 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
42
Provident fund records
About Altek Beissel Needles Limited
Data last updated:
Altek Beissel Needles Limited is a public limited company based in Madurantakam, Tamil Nadu, India, a subsidiary of Madras Needles Limited. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 14 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93090TN1988PLC035704. Its GSTIN is 33AAACA4302J1Z9 (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹3.37 Cr. It was formerly known as Altek Lammertz Needles Limited and Altek Engineering Private Limited. It is led by directors Champa Ganesh (Whole-Time Director) and Rajalakshmi Ganesh.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Madurantakam, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.67 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹20.28 Lakh (net margin -2.3%) and EBITDA of ₹29.13 Lakh (EBITDA margin 3.4%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 3% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Beissel Needles. As per MCA filings, the company has open charges of ₹5.89 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 26 cases involving the company, including 11 filed by the company and 15 filed against it; 2 cases are pending.
Altek Beissel Needles Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-08-0005971). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website beisselneedles.com.
Company details
CIN U93090TN1988PLC035704
Registration Number 035704
Incorporation Date 14 January 1988
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2024
Date of Balance Sheet 31 March 2024
Parent Company Madras Needles Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-08-0005971
Name history
Altek Beissel Needles has undergone 2 name changes throughout its history. The company was previously known as Altek Lammertz Needles Limited, and Altek Engineering Private Limited. The current legal name is Altek Beissel Needles Limited.
| Company Name | Status |
|---|---|
| Altek Beissel Needles Limited | Current |
| Altek Lammertz Needles Limited | Previous |
| Altek Engineering Private Limited | Previous |
Key People
Champa Ganesh Whole-Time Director Ganesh Samabasivan Company Secretary Rajalakshmi Ganesh Director Recognitions & Rankings of Altek Beissel Needles
Contact details
Altek Beissel Needles Limited's registered office is in Madurantakam, Tamil Nadu. Its website is beisselneedles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 43/1C Ecr Road Cheyyur Taluk, Atchivilagam Village New Chennai Township, Madurantakam, Tamil Nadu, India – 603305
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Altek Beissel Needles Limited, buy the company report.
Comprehensive company report
Altek Beissel Needles 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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Brands
Altek Beissel Needles operates one associated brand: Beissel Needles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of sewing machine needles for industrial and household use in India. | beisselneedles.com |
Financials of Altek Beissel Needles Limited
FY 2024 filings availableAltek Beissel Needles Limited reported revenue of ₹8.67 Cr (down 9% YoY) for FY 2023.
Revenue · FY 2023
₹8.67 Cr ▼ 9%
Net loss · FY 2023
₹20.28 Lakh margin -2.3%
EBITDA · FY 2023
₹29.13 Lakh margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 10%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 149%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 9% fall in the latest year. EBITDA rose 149% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.67 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹29.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.28 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | -2.3% | ||||
| 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 Altek Beissel Needles Limited, buy the company report.
Board of directors and KMP of Altek Beissel Needles Limited
Altek Beissel Needles Limited currently reports 2 directors and 1 key managerial person. 3 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Champa Ganesh | Whole-Time Director | 01 Sep 2012 | 14 Years 2 Months | Current |
| Ganesh Samabasivan Also directs: Madras Needles Limited | Company Secretary | 01 Sep 2009 | 17 Years 2 Months | Current |
| Rajalakshmi Ganesh Also directs: Madras Needles Limited | Director | 08 Jan 1991 | 35 Years 10 Months | Current |
Auditor
Altek Beissel Needles Limited is audited by K. Ramkumar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. Ramkumar & Co. | FY 2023 | 2830S |
Shareholding
The shareholding of Altek Beissel Needles 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 Altek Beissel Needles Limited, buy the company report.
Charges & borrowings
Open charges
₹5.89 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 1995 | 90285111 | Scici Ltd | ₹1.5 Cr | Satisfied |
To see the full charge records of Altek Beissel Needles Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Altek Beissel Needles Limited has 26 court cases on record: 11 filed by Altek Beissel Needles, 15 filed against it. 2 cases are pending and 24 are disposed.
Total cases
26
Filed by the company
11
Filed against the company
15
Pending
2
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 6 | 0 |
| High courts | 11 | 5 | 1 |
| NCLAT | 3 | 3 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Original application | Filed by the company against individuals | Pending |
| NCLAT, Company Appeal(AT) | Company appeal | Filed against the company by Lammertz Industrienadel GMBH | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by R.K.Solutions P.K.Ganesh, R.Manikandan,M.Thiyagarajan and 1 other | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by R.K.Solutions M/S.P.K.Ganesh, M.Thiyagarajan,R.Manikandan and 1 other | Disposed |
To see the full case history of Altek Beissel Needles Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Altek Beissel Needles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Altek Beissel Needles Limited has a workforce of 42 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
42
Active EPFO establishments
1
Employee growth
-2.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 42 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Altek Beissel Needles Limited, buy the company report.
GST
Altek Beissel Needles has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACA4302J1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACA4302J2Z8 | Tamil Nadu | Active | 01 Nov 2022 |
To see the full GST registrations and return filing status of Altek Beissel Needles Limited, buy the company report.
Recent activity
Altek Beissel Needles Limited has 6 board changes on record since 1991: 3 appointments and 3 cessations. The latest: Champa Ganesh ceased to be Additional Director on 19 Nov 2018.
AGM
Altek Beissel Needles Limited last Annual general meeting of members was held on 31 Dec 2024 as per latest MCA records.
Filing
Altek Beissel Needles Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Champa Ganesh ceased to be Additional Director.
Appointed
Champa Ganesh was appointed as Whole-Time Director.
Ceased
Velangadu Sreenivasan Ravichandran ceased to be Director.
Ceased
Purushothaman Sreenivasan ceased to be Director.
Appointed
Ganesh Samabasivan was appointed as Company Secretary.
Charges
A charge registered on 09 Aug 1995 via Charge ID 90285111 with Scici Ltd was fully satisfied on 31 Jan 2001.
Charges
A charge with Scici Ltd of Rs. 1.50 Cr registered on 09 Aug 1995 with Charge ID 90285111 was modified on 20 Nov 1995.
Charges
A charge with Scici Ltd amounted to Rs. 1.50 Cr with Charge ID 90285111 was registered on 09 Aug 1995.
Appointed
Rajalakshmi Ganesh was appointed as Director.
Incorporation
14 Jan 1988
Altek Beissel Needles Limited was registered on 14 Jan 1988 with Roc Chennai & aged 38 years 9 months as per MCA records.
Frequently asked questions
Altek Beissel Needles is an active public limited company based in Madurantakam, Tamil Nadu, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 14 January 1988 (38+ years old) and is registered under CIN U93090TN1988PLC035704.
Altek Beissel Needles has 3 current directors and KMP:
- Champa Ganesh - Whole-Time Director
- Rajalakshmi Ganesh - Director
- Ganesh Samabasivan - Company Secretary
The latest financial statements of Altek Beissel Needles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Altek Beissel Needles is 33AAACA4302J1Z9, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAACA4302J2Z8 (Tamil Nadu).
The CIN (Corporate Identification Number) of Altek Beissel Needles is U93090TN1988PLC035704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Altek Beissel Needles has 26 court cases on record: 11 filed by the company and 15 filed against it. 2 are pending. Most are in the district courts.
Altek Beissel Needles was incorporated on 14 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chennai.
Champa Ganesh ceased to be Additional Director on 19 Nov 2018. Champa Ganesh was appointed as Whole-Time Director on 01 Sep 2012. Velangadu Sreenivasan Ravichandran ceased to be Director on 31 Aug 2012. Altek Beissel Needles has 6 board changes on record in total.
Yes, Altek Beissel Needles is registered as a small enterprise under Udyam registration (number: UDYAM-TN-08-0005971).
Altek Beissel Needles can be reached through the website beisselneedles.com. Its registered office is in Madurantakam, Tamil Nadu, India.
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