MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0035866
Canara Hydraulics Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹159.09 Cr
▼ 6% YoY
Net profit · FY 2025
₹7.07 Cr
Net margin 4.4%
EBITDA · FY 2025
₹17.41 Cr
EBITDA margin 10.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.8 Cr
Issued & subscribed
Open charges
₹92.7 Cr
Satisfied ₹8.97 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
227
Provident fund records
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 5 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 5 peer companies in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Argo-Hytos Private Limited with revenue of ₹166.68 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.
Canara Hydraulics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0035866). 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.
Company details
CIN U29299KA2001PTC028967
Registration Number 028967
Incorporation Date 01 May 2001
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 Medium
Udyam Registration UDYAM-KR-03-0035866
Key People
Santhosh Mahabala Shetty Managing Director Parichith Santhosh Shetty Director Pratima Santhosh Shetty Director Recognitions & Rankings of Canara Hydraulics
Contact details
Canara Hydraulics Private Limited's registered office is in Bangalore, Karnataka. Its website is canarahydraulics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.26E 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
To see the full contact details of Canara Hydraulics Private Limited, buy the company report.
Comprehensive company report
Canara Hydraulics 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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Brands
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 |
Business activity
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 | 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 Canara Hydraulics Private Limited, buy the company report.
Financials of Canara Hydraulics Private Limited
FY 2024 filings availableCanara Hydraulics Private Limited reported revenue of ₹159.09 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹159.09 Cr ▼ 6%
Net profit · FY 2025
₹7.07 Cr margin 4.4%
EBITDA · FY 2025
₹17.41 Cr margin 10.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 18%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 11%
5 years · compounded
▲ 39%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹17.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.07 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Canara Hydraulics Private Limited, buy the company report.
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.
Current Directors
| 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 |
Peer comparison
Canara Hydraulics Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Argo-Hytos Private Limited | ₹166.68 Cr (FY 2025) | 1.0% | Coimbatore, Tamil Nadu, 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 Limitedthis company | ₹159.09 Cr (FY 2025) | ₹7.07 Cr | 4.4% | -6.0% | 227 | Bangalore, Karnataka, 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 |
To see the full peer comparison of Canara Hydraulics Private Limited, buy the company report.
Auditor
Canara Hydraulics Private Limited is audited by BVC & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BVC & CO | FY 2024 | 008154S |
Shareholding
The shareholding of Canara Hydraulics Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Canara Hydraulics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹92.7 Cr
Satisfied charges
₹8.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2024 | 101033951 | Sidbi | ₹9.01 Cr | Open | |
| 22 Aug 2024 | 100970893 | Sidbi | ₹22.63 Cr | Open | |
| 22 Jul 2024 | 100952229 | Sidbi | ₹9.38 Cr | Open | |
| 22 Jul 2021 | 100465887 | Axis Bank Limited | ₹25.25 Lakh | Open | |
| 15 Feb 2021 | 100457871 | Others | ₹30 Cr | Open |
To see the full charge records of Canara Hydraulics Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
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.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹43 Lakh
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Canara Hydraulics Private Limited has 26 court cases on record: 21 filed by Canara Hydraulics, 5 filed against it. 6 cases are pending and 20 are disposed.
Total cases
26
Filed by the company
21
Filed against the company
5
Pending
6
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 3 | 4 |
| High courts | 3 | 2 | 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 M/S Askar Microns Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Aditya Auto Engineering Pvt Ltd, Rep. by Managing Director. and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Aditya Auto Engineering Pvt Ltd, Rep. by Managing Director. | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Abg Cranes Pvt. Ltd. and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against NCM Shaova Engineers Pvt. Ltd., and 1 other | Disposed |
To see the full case history of Canara Hydraulics Private 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.
Credit ratings & regulatory alerts
Canara Hydraulics Private Limited was last rated by Crisil on 28 Mar 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Mar 2018 |
To see the full credit ratings and regulatory alerts of Canara Hydraulics Private Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Canara Hydraulics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Welflex Polymer Private Limited | U25190KA1978PTC003315 | |
| Ashwini Hard Chrome Private Limited | U28133KA2014PTC074339 |
To see the full group structure of Canara Hydraulics Private Limited, buy the company report.
Employees & EPFO
Canara Hydraulics Private Limited has a workforce of 227 employees on its EPFO records as of Apr 02, 2025, across 1 active EPFO establishment.
Employee count
227
Active EPFO establishments
1
Employee growth
14.07%
GST
Canara Hydraulics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCC8778R1ZJ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Canara Hydraulics Private Limited, buy the company report.
Recent activity
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.
Charges
A charge with Others of Rs. 21.43 Cr registered on 20 Nov 2012 with Charge ID 10392385 was modified on 25 Mar 2025.
Charges
A charge with Sidbi amounted to Rs. 9.01 Cr with Charge ID 101033951 was registered on 31 Dec 2024.
AGM
Canara Hydraulics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Sidbi amounted to Rs. 22.63 Cr with Charge ID 100970893 was registered on 22 Aug 2024.
Charges
A charge with Sidbi amounted to Rs. 9.38 Cr with Charge ID 100952229 was registered on 22 Jul 2024.
Filing
Canara Hydraulics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others of Rs. 30.00 Cr registered on 15 Feb 2021 with Charge ID 100457871 was modified on 26 Feb 2024.
Ceased
Parichith Santhosh Shetty ceased to be Additional Director.
Appointed
Parichith Santhosh Shetty was appointed as Director.
Ceased
Pratima Santhosh Shetty ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100465887 was registered on 22 Jul 2021.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100457871 was registered on 15 Feb 2021.
14 earlier events are in the company report.
Frequently asked questions
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 has 3 current directors:
- Santhosh Mahabala Shetty - Managing Director
- Parichith Santhosh Shetty - Director
- Pratima Santhosh Shetty - Director
The latest financial statements of Canara Hydraulics 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 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 5 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 Argo-Hytos Private Limited, Hindustan Hydraulics Pvt Ltd, Barani Hydraulics India Private Limited, Hine Hydraulics India Private Limited, Sea Hydrosystems India Private Limited, all in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport 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.
Yes, Canara Hydraulics is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0035866).
Canara Hydraulics has 11 MSME Form 1 returns on record between 2019 and 2023, listing 3,103 overdue payments to 42 micro and small suppliers. The latest return was filed on 26 Aug 2023.