Coretec Engineering India Private Limited

Coretec Engineering India Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U29246KA1998PTC023863 Incorporated 18 June 1998 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company machinery and equipment MSME · Small
Data last updated
Revenue · FY 2023
₹36.69 Cr
▲ 33% YoY
Net loss · FY 2023
₹21.34 Lakh
Net margin -0.6%
EBITDA · FY 2023
₹2.35 Cr
EBITDA margin 6.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.62 Cr
Issued & subscribed
Open charges
₹14 Cr
Satisfied ₹1.84 Cr
Company age
28 yrs
Est. 1998
Directors on board
3
As per MCA filings

About Coretec Engineering India Private Limited

Data last updated:

Coretec Engineering India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Yuken India Limited. It operates in the hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 18 June 1998 and has been in existence for over 28 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29246KA1998PTC023863. Its GSTIN is 29AABCC1699P1ZX (Karnataka).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.62 Cr. It is led by directors including Kandachar Gopalarao Ravi and Shashikant Kala Naik.

Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 59 Dyavasandra Industrial Estate Mahadevapura Whitefield Road, Bangalore, Karnataka, India – 560048.

As per the financials filed for FY 2023, the company reported a revenue of ₹36.69 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹21.34 Lakh (net margin -0.6%) and EBITDA of ₹2.35 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 10% over five years.

As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹1.84 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.

Coretec Engineering India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0017879). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website yukenindia.com.

Company details

CIN U29246KA1998PTC023863
Registration Number 023863
Incorporation Date 18 June 1998
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Yuken India Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0017879
Key People
Kandachar Gopalarao Ravi Director Shashikant Kala Naik Director Venkatakrishnan Ananthanarayan Director

Recognitions & Rankings of Coretec Engineering India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0017879

Contact details

Coretec Engineering India Private Limited's registered office is in Bangalore, Karnataka. Its website is yukenindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    yukenindia.com
  • Registered Address
    B – 59 Dyavasandra Industrial Estate Mahadevapura Whitefield Road, Bangalore, Karnataka, India – 560048
  • Industry
    Machinery and Equipment, Hydraulic Machinery & Equipment

To see the full contact details of Coretec Engineering India Private Limited, buy the company report.

Comprehensive company report
Coretec Engineering India 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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Financials of Coretec Engineering India Private Limited

FY 2025 filings available

Coretec Engineering India Private Limited reported revenue of ₹36.69 Cr (up 33% YoY) for FY 2023.

Revenue · FY 2023
₹36.69 Cr ▲ 33%
Net loss · FY 2023
₹21.34 Lakh margin -0.6%
EBITDA · FY 2023
₹2.35 Cr margin 6.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 15%
5 years · compounded
▲ 10%
EBITDA CAGR growth
3 years · compounded
▲ 89%
5 years · compounded
▲ 6%

Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 33% growth 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations₹36.69 Cr
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.35 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹21.34 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin6.4%
Net Profit Margin-0.6%
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 Coretec Engineering India Private Limited, buy the company report.

Board of directors of Coretec Engineering India Private Limited

Coretec Engineering India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kandachar Gopalarao RaviDirector25 Jul 201115 Years 3 MonthsCurrent
Shashikant Kala NaikDirector25 Jul 201115 Years 3 MonthsCurrent
Venkatakrishnan AnanthanarayanDirector01 Oct 20188 Years 1 MonthsCurrent
View all directors

Auditor

Coretec Engineering India Private Limited is audited by V K A N & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
V K A N & AssociatesFY 2023014226S

Shareholding

The shareholding of Coretec Engineering India 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Coretec Engineering India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹14 Cr
Satisfied charges
₹1.84 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹14.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Aug 2017100125909Hdfc Bank Limited₹7.5 CrOpen
07 Apr 2017100097677Hdfc Bank Limited₹6.5 CrOpen
09 Mar 200580014860State Bank of India₹1.84 CrSatisfied

To see the full charge records of Coretec Engineering India Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

Coretec Engineering India Private Limited has 18 MSME Form 1 returns on record between 2019 and 2023, listing 2,032 overdue payments to 66 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 66)

SupplierAmount dueDue sinceReported on
an individual supplier
Supreme Agencies
Filtrec Bharat Manufacturing Private Limited
Bhandari Precision Forgings Private Limited
AAA Hydraulics (India) Private Limited

To see the full MSME payment records of Coretec Engineering India Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Coretec Engineering India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AABCC1699P1ZXKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Coretec Engineering India Private Limited, buy the company report.

Recent activity

Coretec Engineering India Private Limited has 6 board changes on record since 2011: 3 appointments and 3 cessations. The latest: Venkatakrishnan Ananthanarayan ceased to be Additional Director on 28 Jan 2019.

AGM
Coretec Engineering India Private Limited last Annual general meeting of members was held on 08 Sep 2025 as per latest MCA records.
Filing
Coretec Engineering India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Venkatakrishnan Ananthanarayan ceased to be Additional Director.
Appointed
Venkatakrishnan Ananthanarayan was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.50 Cr with Charge ID 100125909 was registered on 10 Aug 2017.
Charges
A charge registered on 09 Mar 2005 via Charge ID 80014860 with State Bank Of India was fully satisfied on 11 May 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.50 Cr with Charge ID 100097677 was registered on 07 Apr 2017.
Ceased
Prasanna Ramachar Tirumalai ceased to be Managing Director.
Appointed
Kandachar Gopalarao Ravi was appointed as Director.
Ceased
Santhappan Antony Cruz ceased to be Director.
Appointed
Shashikant Kala Naik was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 1.84 Cr registered on 09 Mar 2005 with Charge ID 80014860 was modified on 15 Nov 2010.

2 earlier events are in the company report.

Frequently asked questions

Coretec Engineering India 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 18 June 1998 (28+ years old) and is registered under CIN U29246KA1998PTC023863.

Coretec Engineering India has 3 current directors:

The latest financial statements of Coretec Engineering India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Coretec Engineering India is 29AABCC1699P1ZX, registered in Karnataka.

The CIN (Corporate Identification Number) of Coretec Engineering India is U29246KA1998PTC023863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Coretec Engineering India has 2 court cases on record: 2 filed against it. Most are in the district courts.

Coretec Engineering India was incorporated on 18 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.

Venkatakrishnan Ananthanarayan ceased to be Additional Director on 28 Jan 2019. Venkatakrishnan Ananthanarayan was appointed as Director on 01 Oct 2018. Prasanna Ramachar Tirumalai ceased to be Managing Director on 31 Jan 2014. Coretec Engineering India has 6 board changes on record in total.

Yes, Coretec Engineering India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0017879).

Coretec Engineering India has 18 MSME Form 1 returns on record between 2019 and 2023, listing 2,032 overdue payments to 66 micro and small suppliers. The latest return was filed on 20 Nov 2023.

Coretec Engineering India can be reached through the website yukenindia.com. Its registered office is in Bangalore, Karnataka, India.