MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0025561
Asmet Industries Private Limited - engineering in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹11.26 Cr
▼ 8% YoY
Net loss · FY 2025
₹28.91 Lakh
Net margin -2.6%
EBITDA · FY 2025
-₹16.96 Lakh
EBITDA margin -1.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹90 Lakh
Issued & subscribed
Open charges
₹90 Lakh
Satisfied ₹36.8 Lakh
Company age
19 yrs
Est. 2007
Employees · EPFO
40
Provident fund records
About Asmet Industries Private Limited
Data last updated:
Asmet Industries Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 29 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28122KA2007PTC042294. Its GSTIN is 29AAGCA2222H1ZY (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹90 Lakh. It is led by directors including Karthik Shetty and Sachidananda Narayana Shetty.
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 No 503 4th Phase Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.26 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹28.91 Lakh (net margin -2.6%) and EBITDA of -₹16.96 Lakh (EBITDA margin -1.5%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹90 Lakh and satisfied charges of ₹36.8 Lakh on record.
Asmet Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0025561). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asmet.co.in.
Company details
CIN U28122KA2007PTC042294
Registration Number 042294
Incorporation Date 29 March 2007
ROC Bangalore
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-KR-03-0025561
Key People
Karthik Shetty Director Sachidananda Narayana Shetty Director Shetty Anitha Kusha Director Recognitions & Rankings of Asmet Industries
Contact details
Asmet Industries Private Limited's registered office is in Bangalore, Karnataka. Its website is asmet.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 503 4th Phase Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Asmet Industries Private Limited, buy the company report.
Comprehensive company report
Asmet Industries 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 Asmet Industries is manufacturing. In detail, this covers manufacture of fabricated metal products, except machinery and equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 25 | Manufacture of fabricated metal products, except machinery and equipment |
To see the full business activity and turnover split of Asmet Industries Private Limited, buy the company report.
Financials of Asmet Industries Private Limited
FY 2024 filings availableAsmet Industries Private Limited reported revenue of ₹11.26 Cr (down 8% YoY) for FY 2025.
Revenue · FY 2025
₹11.26 Cr ▼ 8%
Net loss · FY 2025
₹28.91 Lakh margin -2.6%
EBITDA · FY 2025
-₹16.96 Lakh margin -1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 3%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 265%
3 years · compounded
▼ 37%
5 years · compounded
▼ 4%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 265% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹16.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.91 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.5% | ||||
| Net Profit Margin | -2.6% | ||||
| 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 Asmet Industries Private Limited, buy the company report.
Board of directors of Asmet Industries Private Limited
Asmet Industries has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthik Shetty | Director | 02 Nov 2012 | 14 Years 0 Months | Current |
| Sachidananda Narayana Shetty Also directs: Eskay Heat Transfers Private Limited, Eskay Home Stay Private Limited, Astro Engineering Private Limited and 1 more | Director | 29 Mar 2007 | 19 Years 7 Months | Current |
| Shetty Anitha Kusha Also directs: Eskay Home Stay Private Limited, Astro Engineering Private Limited | Director | 29 Mar 2007 | 19 Years 7 Months | Current |
| Sachin Shetty Also directs: Eskay Heat Transfers Private Limited | Director | 02 Nov 2012 | 14 Years 0 Months | Current |
Auditor
Asmet Industries Private Limited is audited by B. P. RAO AND CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. P. RAO AND CO. | FY 2023 | 003116S |
Shareholding
The shareholding of Asmet Industries 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 Asmet Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90 Lakh
Satisfied charges
₹36.8 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2007 | 10065507 | Others | ₹90 Lakh | Open | |
| 03 Oct 2008 | 10127007 | Syndicate Bank | ₹4.8 Lakh | Satisfied | |
| 25 Oct 2007 | 10075037 | Syndicate Bank | ₹32 Lakh | Satisfied |
To see the full charge records of Asmet Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Asmet Industries 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
Asmet Industries Private Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 55 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Varna Coats Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Maini Materials Movement Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Asmet Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asmet Industries Private Limited has a workforce of 40 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
40
Active EPFO establishments
1
Employee growth
11.11%
GST
Asmet Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCA2222H1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asmet Industries Private Limited, buy the company report.
Recent activity
Asmet Industries Private Limited has 6 board changes on record since 2007: 4 appointments and 2 cessations. The latest: Karthik Shetty ceased to be Additional Director on 30 Sep 2013.
AGM
Asmet Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Asmet Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 03 Oct 2008 via Charge ID 10127007 with Syndicate Bank was fully satisfied on 30 Aug 2017.
Charges
A charge registered on 25 Oct 2007 via Charge ID 10075037 with Syndicate Bank was fully satisfied on 30 Aug 2017.
Charges
A charge with Others of Rs. 0.90 Cr registered on 25 Jun 2007 with Charge ID 10065507 was modified on 30 Aug 2017.
Ceased
Karthik Shetty ceased to be Additional Director.
Ceased
Sachin Shetty ceased to be Additional Director.
Appointed
Karthik Shetty was appointed as Director.
Appointed
Sachin Shetty was appointed as Director.
Charges
A charge with Syndicate Bank amounted to Rs. 0.05 Cr with Charge ID 10127007 was registered on 03 Oct 2008.
Charges
A charge with Syndicate Bank amounted to Rs. 0.32 Cr with Charge ID 10075037 was registered on 25 Oct 2007.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 10065507 was registered on 25 Jun 2007.
3 earlier events are in the company report.
Frequently asked questions
Asmet Industries is an active private limited company based in Bangalore, Karnataka, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 29 March 2007 (19+ years old) and is registered under CIN U28122KA2007PTC042294.
Asmet Industries has 4 current directors:
- Karthik Shetty - Director
- Sachidananda Narayana Shetty - Director
- Shetty Anitha Kusha - Director
- Sachin Shetty - Director
The latest financial statements of Asmet Industries 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 2015 are in the company report.
The GSTIN of Asmet Industries is 29AAGCA2222H1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Asmet Industries is U28122KA2007PTC042294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asmet Industries was incorporated on 29 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Karthik Shetty ceased to be Additional Director on 30 Sep 2013. Sachin Shetty ceased to be Additional Director on 30 Sep 2013. Karthik Shetty was appointed as Director on 02 Nov 2012. Asmet Industries has 6 board changes on record in total.
Yes, Asmet Industries is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0025561).
Asmet Industries has 6 MSME Form 1 returns on record between 2019 and 2021, listing 55 overdue payments to 5 micro and small suppliers. The latest return was filed on 26 Dec 2021.
Asmet Industries can be reached through the website asmet.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Asmet Industries is at No 503 4th Phase Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058.
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