Corrosion Technology Services India Private Limited

Corrosion Technology Services India Private Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74999MH1998PTC117701 Incorporated 31 December 1998 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company engineering MSME · Small
Revenue · FY 2025
₹17.15 Cr
▲ 24% YoY
Net profit · FY 2025
₹23.11 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹69.56 Lakh
EBITDA margin 4.1%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.64 Cr
Issued & subscribed
Open charges
₹15.4 Cr
Secured borrowings
Company age
28 yrs
Est. 1998
Employees · EPFO
48
Provident fund records

About Corrosion Technology Services India Private Limited

Data last updated:

Corrosion Technology Services India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Corrosion Technology Services Middle East Llc. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 31 December 1998 and has been in existence for over 28 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1998PTC117701. Its GSTIN is 27AABCC1942K1ZP (Maharashtra). The company holds 4 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.64 Cr. It was formerly known as Corrpro Corrosion Control India Private Limited. It is led by directors including Stephen Paul Wroe and Kamlesh Gandhi.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 412 4th Floor Swastik Disha Business Park, Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹17.15 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹23.11 Lakh (net margin 1.3%) and EBITDA of ₹69.56 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.

The company has about 48 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹15.4 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.

Corrosion Technology Services India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0055502). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ctsonline.com.

Company details

CIN U74999MH1998PTC117701
Registration Number 117701
Incorporation Date 31 December 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Corrosion Technology Services Middle East Llc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0055502
Key People
Stephen Paul Wroe Director Kamlesh Gandhi Director Ramanathan Vishwanathan Puthvcode Director

Recognitions & Rankings of Corrosion Technology Services India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-18-0055502

Contact details

Corrosion Technology Services India Private Limited's registered office is in Mumbai, Maharashtra. Its website is ctsonline.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ctsonline.com
  • Social Media
  • Registered Address
    412 4th Floor Swastik Disha Business Park Pcsl Lbs Marg Behind Wadhani Estate Ghatkop, Ar West, Mumbai, Maharashtra, India – 400086
  • Industry
    Engineering, Procurement & Construction (EPC), Engineering

To see the full contact details of Corrosion Technology Services India Private Limited, buy the company report.

Comprehensive company report
Corrosion Technology Services 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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Business activity

The main business activity of Corrosion Technology Services India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Corrosion Technology Services India Private Limited, buy the company report.

Financials of Corrosion Technology Services India Private Limited

FY 2025 filings available

Corrosion Technology Services India Private Limited reported revenue of ₹17.15 Cr (up 24% YoY) for FY 2025.

Revenue · FY 2025
₹17.15 Cr ▲ 24%
Net profit · FY 2025
₹23.11 Lakh margin 1.3%
EBITDA · FY 2025
₹69.56 Lakh margin 4.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 2%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 22%
5 years · compounded
▼ 9%

Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 24% growth in the latest year. EBITDA fell 52% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹69.56 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹23.11 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4.1%
Net Profit Margin1.3%
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 Corrosion Technology Services India Private Limited, buy the company report.

Board of directors of Corrosion Technology Services India Private Limited

Corrosion Technology Services India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Stephen Paul WroeDirector29 Aug 200125 Years 2 MonthsCurrent
Kamlesh GandhiDirector23 Sep 20215 Years 1 MonthsCurrent
Ramanathan Vishwanathan PuthvcodeDirector21 Jun 200125 Years 4 MonthsCurrent
View all directors

Auditor

Corrosion Technology Services India Private Limited is audited by A S N A J AND ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
A S N A J AND ASSOCIATESFY 2023143004W

Shareholding

The shareholding of Corrosion Technology Services 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 Corrosion Technology Services India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15.4 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹14.40 Cr
The Hongkong and Shanghai Banking Corporation Limited₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2019100297200The Hongkong and Shanghai Banking Corporation Limited₹95.7 LakhOpen
22 Apr 201510566148The Hongkong and Shanghai Banking Corporation Limited₹4.3 LakhOpen
14 Jan 200910138005Others₹14.4 CrOpen

To see the full charge records of Corrosion Technology Services India Private Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

Corrosion Technology Services India Private Limited has 6 MSME Form 1 returns on record between 2020 and 2023, listing 8 overdue payments to 2 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 (2 of 2)

SupplierAmount dueDue sinceReported on
Asnaj and Associates
an individual supplier

To see the full MSME payment records of Corrosion Technology Services India Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Corrosion Technology Services India Private Limited has a workforce of 48 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
48
Active EPFO establishments
1
Employee growth
-11.1%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2748
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Corrosion Technology Services India Private Limited, buy the company report.

GST

Corrosion Technology Services India has 4 GST registrations: 1 active and 3 cancelled or inactive.

Total GSTINs
4
Active
1
Cancelled / inactive
3
GSTINStateStatusRegistered on
27AABCC1942K1ZPMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Corrosion Technology Services India Private Limited, buy the company report.

Recent activity

Corrosion Technology Services India Private Limited has 7 board changes on record since 2001: 3 appointments and 4 cessations. The latest: Kamlesh Gandhi ceased to be Additional Director on 30 Nov 2021.

Charges
A charge with Others of Rs. 14.40 Cr registered on 14 Jan 2009 with Charge ID 10138005 was modified on 30 Oct 2025.
AGM
Corrosion Technology Services India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Corrosion Technology Services India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Kamlesh Gandhi ceased to be Additional Director.
Ceased
Ajay Gandhi ceased to be Director.
Appointed
Kamlesh Gandhi was appointed as Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.96 Cr with Charge ID 100297200 was registered on 30 Sep 2019.
Ceased
Anand Vasant Nadkarni ceased to be Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.04 Cr with Charge ID 10566148 was registered on 22 Apr 2015.
Charges
A charge with Others amounted to Rs. 14.40 Cr with Charge ID 10138005 was registered on 14 Jan 2009.
Ceased
Devesh Kumarpal Shah ceased to be Director.
Appointed
Stephen Paul Wroe was appointed as Director.

2 earlier events are in the company report.

Frequently asked questions

Corrosion Technology Services India is an active private limited company based in Mumbai, Maharashtra, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 31 December 1998 (28+ years old) and is registered under CIN U74999MH1998PTC117701.

Corrosion Technology Services India has 3 current directors:

The latest financial statements of Corrosion Technology Services India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Corrosion Technology Services India is 27AABCC1942K1ZP, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.

The CIN (Corporate Identification Number) of Corrosion Technology Services India is U74999MH1998PTC117701. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Corrosion Technology Services India has 1 court case on record: 1 filed against it. 1 is pending.

Corrosion Technology Services India was incorporated on 31 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.

Kamlesh Gandhi ceased to be Additional Director on 30 Nov 2021. Ajay Gandhi ceased to be Director on 23 Sep 2021. Kamlesh Gandhi was appointed as Director on 23 Sep 2021. Corrosion Technology Services India has 7 board changes on record in total.

Yes, Corrosion Technology Services India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0055502).

Corrosion Technology Services India has 6 MSME Form 1 returns on record between 2020 and 2023, listing 8 overdue payments to 2 micro and small suppliers. The latest return was filed on 17 Nov 2023.

Corrosion Technology Services India can be reached through the website ctsonline.com. Its registered office is in Mumbai, Maharashtra, India.