About Canara Hydraulics Private Limited
Data last updated:
Canara Hydraulics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 01 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2001PTC028967. Its GSTIN is 29AABCC8778R1ZJ (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.8 Cr. It is led by directors including Santhosh Mahabala Shetty (Managing Director) and Parichith Santhosh 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 Plot No.26E 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹159.09 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹7.07 Cr (net margin 4.4%) and EBITDA of ₹17.41 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 25% over five years.
The company has about 227 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Canara Hydraulics. As per MCA filings, the company has open charges of ₹92.7 Cr and satisfied charges of ₹8.97 Cr on record. Court records list 26 cases involving the company, including 21 filed by the company and 3 filed against it; 6 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹43 Lakh; the latest was in March 2022. Its 10 peer companies in the Machinery and Equipment industry (Hydraulic Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Hengli Hydraulic India System Solutions Private Limited with revenue of ₹180.36 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 3,103 overdue payments to 42 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website canarahydraulics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No.26E 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Canara Hydraulics Private Limited
The main business activity of Canara Hydraulics is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Canara Hydraulics Private Limited FY 2024 filings available
Canara Hydraulics Private Limited reported revenue of ₹159.09 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Canara Hydraulics Private Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 14% 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 of Canara Hydraulics Private Limited
| 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 | ₹17.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.07 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 of Canara Hydraulics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Canara Hydraulics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Canara Hydraulics Private Limited
Canara Hydraulics Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Hydraulic Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hengli Hydraulic India System Solutions Private Limited | ₹180.36 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Pune, Maharashtra, India |
| Argo-Hytos Private Limited | ₹166.68 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Coimbatore, Tamil Nadu, India |
| Mivin Engg. Technologies Private Limited | ₹166.4 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Bidadi Hobli, Karnataka, India |
| Hindustan Hydraulics Pvt Ltd | ₹160.4 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Jalandhar, Punjab, India |
| Barani Hydraulics India Private Limited | ₹160.02 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Coimbatore, Tamil Nadu, India |
| Canara Hydraulics Private Limited this company | ₹159.09 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Veljan Denison Limited Listed | ₹158.59 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Hyderabad, Telangana, India |
| Veljan Hydrair Limited | ₹149.59 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Hyderabad, Telangana, India |
| Polyfit Fabricators Private Limited | ₹147.23 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Tamil Nadu, India |
| Hine Hydraulics India Private Limited | ₹125.17 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Papparambakkam, Tamil Nadu, India |
| Sea Hydrosystems India Private Limited | ₹117.75 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kancheepuram, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Canara Hydraulics by revenue in the Machinery and Equipment industry (Hydraulic Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Canara Hydraulics Private Limited
Canara Hydraulics Private Limited is audited by BVC & CO for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BVC & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Canara Hydraulics Private Limited
Canara Hydraulics has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parichith Santhosh Shetty Also directs: Ashwini Hard Chrome Private Limited | Director | 17 Mar 2022 | 4 Years 7 Months | Current |
| Pratima Santhosh Shetty Also directs: Welflex Polymer Private Limited | Director | 18 Dec 2007 | 18 Years 10 Months | Current |
| Santhosh Mahabala Shetty | Managing Director | 01 May 2001 | 25 Years 5 Months | Current |
Ownership and Shareholding of Canara Hydraulics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Canara Hydraulics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Dec 2024 | Sidbi | ₹9.01 Cr | Open |
| 22 Aug 2024 | Sidbi | ₹22.63 Cr | Open |
| 22 Jul 2024 | Sidbi | ₹9.38 Cr | Open |
| 22 Jul 2021 | Axis Bank Limited | ₹25.25 Lakh | Open |
| 15 Feb 2021 | Others | ₹30 Cr | Open |
Total charge records: 10 View all charges
Deals & Funding of Canara Hydraulics Private Limited
Canara Hydraulics Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹43 Lakh; the latest was in March 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2008 | Funding round | ₹36.3 Lakh | Investors: 4 individuals |
| Mar 2007 | Funding round | ₹6.7 Lakh | Investors: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Canara Hydraulics Private Limited
Canara Hydraulics Private Limited has 26 court cases on record: 21 filed by Canara Hydraulics, 3 filed against it, 2 where it is another party. 6 cases are pending and 20 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 2 | 4 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Askar Microns Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Aditya Auto Engineering Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Aditya Auto Engineering Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against The Engineers Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Tusker Cranes Private Limited | Disposed |
Full case history
All 26 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Canara Hydraulics Private Limited
Canara Hydraulics Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 3,103 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Me Forge Tech | •••• | •••• | •••• |
| Akash Aluminium Company | •••• | •••• | •••• |
| Abh Industries | •••• | •••• | •••• |
| Essar Engineers | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Canara Hydraulics Private Limited
Canara Hydraulics operates one associated brand: Canara Hydraulics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hydraulic cylinder manufacturing and systems for industrial applications in India. | canarahydraulics.com |
Employees and EPFO Compliance at Canara Hydraulics Private Limited
Canara Hydraulics Private Limited has a workforce of 227 employees as of Apr 02, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Canara Hydraulics Private Limited
Canara Hydraulics has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Welflex Polymer Private Limited | U25190KA1978PTC003315 | Locked |
| Ashwini Hard Chrome Private Limited | U28133KA2014PTC074339 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Canara Hydraulics Private Limited
Canara Hydraulics Private Limited has 6 board changes on record since 2001: 3 appointments and 3 cessations. The latest: Parichith Santhosh Shetty ceased to be Additional Director on 30 Sep 2022.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Canara Hydraulics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Canara Hydraulics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Canara Hydraulics Private Limited
Canara Hydraulics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCC8778R1ZJ | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Canara Hydraulics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Canara Hydraulics Private Limited
Canara Hydraulics is an active private limited company based in Bangalore, Karnataka, India. The company works in hydraulic machinery and equipment, within the machinery and equipment industry. It was incorporated on 01 May 2001 (25+ years old) and is registered under CIN U29299KA2001PTC028967.
Canara Hydraulics reported revenue of ₹159.09 Cr for FY 2025 (down 6% YoY).
Canara Hydraulics has 3 current directors:
- Santhosh Mahabala Shetty - Managing Director
- Parichith Santhosh Shetty - Director
- Pratima Santhosh Shetty - Director
Canara Hydraulics reported a net profit of ₹7.07 Cr (net margin 4.4%) and EBITDA of ₹17.41 Cr (EBITDA margin 10.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Canara Hydraulics is 18% over three years and 25% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Canara Hydraulics is 29AABCC8778R1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Canara Hydraulics is U29299KA2001PTC028967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Canara Hydraulics has 26 court cases on record: 21 filed by the company and 3 filed against it. 6 are pending. Most are in the district courts.
Canara Hydraulics was incorporated on 01 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
Canara Hydraulics has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹43 Lakh; the latest was in March 2022.
The peers of Canara Hydraulics by revenue are Hengli Hydraulic India System Solutions Private Limited, Argo-Hytos Private Limited, Mivin Engg. Technologies Private Limited, Hindustan Hydraulics Pvt Ltd, Barani Hydraulics India Private Limited and 5 more, all in the Machinery and Equipment industry (Hydraulic Equipment).
Parichith Santhosh Shetty ceased to be Additional Director on 30 Sep 2022. Parichith Santhosh Shetty was appointed as Director on 17 Mar 2022. Pratima Santhosh Shetty ceased to be Director on 24 Dec 2021. Canara Hydraulics has 6 board changes on record in total.