About Chetas Control Systems P Ltd
Data last updated:
Chetas Control Systems P Ltd is a private limited company based in Pune, Maharashtra, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 31 October 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN1989PTC054103. Its GSTIN is 24AAACC7437N1ZG (Gujarat). The company holds 12 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5 Cr. It is led by directors Asawari Mahesh Deshmukh and Bahar Mahesh Deshmukh.
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 Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.52 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹10.36 Cr (net margin 26.2%) and EBITDA of ₹14.5 Cr (EBITDA margin 36.7%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 11% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Chetas Control Systems. As per MCA filings, the company has open charges of ₹57.13 Cr on record. Court records list 28 cases involving the company, including 11 filed by the company and 17 filed against it; 4 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹60 Cr; the latest was in February 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chetascontrol.com.
Company details
CIN history
Chetas Control Systems P has one previous CIN (Corporate Identification Number): U72900MH1989PTC054103. The current CIN is U72900PN1989PTC054103, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900PN1989PTC054103 | Current |
| U72900MH1989PTC054103 | Previous |
Contact details
Chetas Control Systems P Ltd's registered office is in Pune, Maharashtra. Its website is chetascontrol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressChetas House Plot No.1 S. No.89 Shree Sidhatek C.H. Society Sutarwadi, Pashan, Pune, Maharashtra, India – 411021
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Chetas Control Systems P Ltd, buy the company report.
- 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
Brands
Chetas Control Systems P operates one associated brand: Chetas Control Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ultrasonic flow meters, water meters, and level transmitters are manufactured. | chetascontrol.com |
Business activity
The main business activity of Chetas Control Systems P is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Chetas Control Systems P Ltd, buy the company report.
Financials of Chetas Control Systems P Ltd
FY 2024 filings availableChetas Control Systems P Ltd reported revenue of ₹39.52 Cr (up 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 211% 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 | ₹14.5 Cr | ||||
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| Net Profit (PAT) | ₹10.36 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 36.7% | ||||
| Net Profit Margin | 26.2% | ||||
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To see the full financial statements and ratios of Chetas Control Systems P Ltd, buy the company report.
Board of directors of Chetas Control Systems P Ltd
Chetas Control Systems P has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asawari Mahesh Deshmukh Also directs: Chetas Agrotech Private Limited, Chetas Agroproducts Private Limited, Chetas Steam Solutions Private Limited and 3 more | Director | 10 Dec 2022 | 3 Years 10 Months | Current |
| Bahar Mahesh Deshmukh Also directs: Chetas Agrotech Private Limited, Chetas Steam Solutions Private Limited, Chetas Watertech ( India ) Private Limited and 4 more | Director | 20 Feb 2016 | 10 Years 8 Months | Current |
Auditor
Chetas Control Systems P Ltd is audited by V.C.Venkatraman and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.C.Venkatraman and Co. | FY 2023 | 111372W |
Shareholding
The shareholding of Chetas Control Systems P Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chetas Control Systems P Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2010 | 10208002 | Others | ₹22 Cr | Open | |
| 14 Feb 2002 | 90091774 | Bank of India | ₹35 Cr | Open | |
| 21 Aug 1997 | 90090539 | Bank of India | ₹5.98 Lakh | Open | |
| 23 Mar 1996 | 90090280 | Bank of India | ₹5 Lakh | Open | |
| 22 Apr 1991 | 90089645 | Bank of India | ₹1 Lakh | Open |
To see the full charge records of Chetas Control Systems P Ltd, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Chetas Control Systems P Ltd has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹60 Cr; the latest was in February 2023.
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Chetas Control Systems P Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chetas Control Systems P Ltd has 28 court cases on record: 11 filed by Chetas Control Systems P, 17 filed against it. 4 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 9 | 0 |
| District courts | 13 | 8 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Kirloskar Brothers Ltd Through Its Authorised Poa Holder Mr Pavan Nimba Bhavsar | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Adept Fluidyne Private Limited | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Kirloskar Brothers Limited | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Adept Fluidyne Private Limitedthrough Its Authorized Signatory, Shri. Vinayak Shrinivas Gadre | Disposed |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Kirloskar Brothers Ltd Through Its Authorised Poa Holder Mr Pavan Nimba Bhavsar | Disposed |
To see the full case history of Chetas Control Systems P Ltd, 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
Chetas Control Systems P Ltd was last rated by Indiarating on 18 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 18 Mar 2021 |
To see the full credit ratings and regulatory alerts of Chetas Control Systems P Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Chetas Control Systems P Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Chetas Control Systems P Ltd has a workforce of 38 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Chetas Control Systems P has 12 GST registrations: 8 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC7437N1ZG | Gujarat | Active | 01 Jul 2017 |
| 27AAACC7437N1ZA | Maharashtra | Active | 01 Jul 2017 |
| 29AAACC7437N1Z6 | Karnataka | Active | 01 Jul 2017 |
| 30AAACC7437N1ZN | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chetas Control Systems P Ltd, buy the company report.
Recent activity
Chetas Control Systems P Ltd has 7 board changes on record since 2015: 2 appointments and 5 cessations. The latest: Sanjay Hiraman Patil ceased to be Director on 12 Dec 2022.
6 earlier events are in the company report.
Frequently asked questions
Chetas Control Systems P is an active private limited company based in Pune, Maharashtra, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 31 October 1989 (37+ years old) and is registered under CIN U72900PN1989PTC054103.
Chetas Control Systems P has 2 current directors:
- Asawari Mahesh Deshmukh - Director
- Bahar Mahesh Deshmukh - Director
The latest financial statements of Chetas Control Systems P 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 Chetas Control Systems P is 24AAACC7437N1ZG, registered in Gujarat. The company has 12 GST registrations in all, of which 8 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAACC7437N1ZA (Maharashtra), 29AAACC7437N1Z6 (Karnataka), 30AAACC7437N1ZN (Goa).
The CIN (Corporate Identification Number) of Chetas Control Systems P is U72900PN1989PTC054103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chetas Control Systems P has 28 court cases on record: 11 filed by the company and 17 filed against it. 4 are pending. Most are in the high courts.
Chetas Control Systems P was incorporated on 31 October 1989, making it 37+ years old. It is registered with the Registrar of Companies, Pune.
Chetas Control Systems P has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹60 Cr; the latest was in February 2023.
Sanjay Hiraman Patil ceased to be Director on 12 Dec 2022. Asawari Mahesh Deshmukh was appointed as Director on 10 Dec 2022. Mahesh Shivajirao Deshmukh ceased to be Director on 29 Jul 2022. Chetas Control Systems P has 7 board changes on record in total.
Chetas Control Systems P can be reached through the website chetascontrol.com. Its registered office is in Pune, Maharashtra, India.