About Fimer India Private Limited
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Fimer India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Fimer S.P.A. Italy. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29308KA2019FTC130749. Its GSTIN is 29AANCM1657K1ZV (Karnataka).
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹135.97 Cr. It was formerly known as Marici Solar India Private Limited. It is led by directors Sreevatsa Nanjundaiah Kallahalli (Managing Director) and Xavier Scaria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 02 May 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Plot No – 30 – C 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2023, the company reported a revenue of ₹514.17 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹12.82 Cr (net margin 2.5%) and EBITDA of ₹16.04 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
The company is associated with 1 brand: Fimer. As per MCA filings, the company has open charges of ₹195 Cr and satisfied charges of ₹79 Cr on record. Court records list 15 cases involving the company, including 13 filed by the company and 2 filed against it; 6 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in March 2020. The company has 7 MSME Form 1 returns on record between 2020 and 2024, listing 248 overdue payments to 44 micro and small suppliers.
For more details, the company can be reached via its website fimer.com.
Company details
Contact details
Fimer India Private Limited's registered office is in Bangalore, Karnataka. Its website is fimer.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No – 30 – C 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Fimer India Private Limited, 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
Financials of Fimer India Private Limited
FY 2024 filings availableFimer India Private Limited reported revenue of ₹514.17 Cr (up 30% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over three years, including 30% growth in the latest year. EBITDA rose 104% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹514.17 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹16.04 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹12.82 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.1% | |||
| Net Profit Margin | 2.5% | |||
| 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 Fimer India Private Limited, buy the company report.
Board of directors of Fimer India Private Limited
Fimer India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sreevatsa Nanjundaiah Kallahalli | Managing Director | 18 Mar 2020 | 6 Years 7 Months | Current |
| Xavier Scaria | Whole-Time Director | 18 Mar 2020 | 6 Years 7 Months | Current |
Auditor
Fimer India Private Limited is audited by VARMA & VARMA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA & VARMA | FY 2023 | 04532S |
Shareholding
The shareholding of Fimer India Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Fimer India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2025 | 101142319 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 26 Jul 2024 | 100952924 | Yes Bank Limited | ₹50 Cr | Open | |
| 13 Jun 2024 | 100933558 | Axis Bank Limited | ₹55 Cr | Open | |
| 26 Oct 2023 | 100809783 | State Bank of India | ₹50 Cr | Open | |
| 11 Oct 2022 | 100620537 | Yes Bank Limited | ₹50 Cr | Satisfied |
To see the full charge records of Fimer India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Fimer India Private Limited has 1 deal on record (1 rights issue); the latest was in March 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹135.96 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Fimer India Private Limited has 15 court cases on record: 13 filed by Fimer India, 2 filed against it. 6 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 1 | 5 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Visvas Voyages India Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Telawne Power Equipments Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Samhita Technologies Pvt Ltd., | Disposed |
| High Court, TELANGANA | Arbitration matter | Filed against the company by SSJ Power Projects and Infrastructure Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Chemitech Constructions Private Limited and Ors. | Disposed |
To see the full case history of Fimer India 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.
MSME payment delays
Fimer India Private Limited has 7 MSME Form 1 returns on record between 2020 and 2024, listing 248 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Powercam Electricals Private Limited | |||
| Sri Venkateshwara Technologies | |||
| GWP Solutions Private Limited | |||
| Alp Consulting Limited | |||
| Sahney Kirkwood Private Limited |
To see the full MSME payment records of Fimer India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Fimer India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCM1657K1ZV | Karnataka | Active | 04 Mar 2020 |
To see the full GST registrations and return filing status of Fimer India Private Limited, buy the company report.
Recent activity
Fimer India Private Limited has 8 board changes on record since 2020: 2 appointments and 6 cessations. The latest: Sreevatsa Nanjundaiah Kallahalli ceased to be Additional Director on 01 Apr 2020.
9 earlier events are in the company report.
News
Frequently asked questions
Fimer India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 December 2019 (7+ years old) and is registered under CIN U29308KA2019FTC130749.
Fimer India has 2 current directors:
- Sreevatsa Nanjundaiah Kallahalli - Managing Director
- Xavier Scaria - Whole-Time Director
The latest financial statements of Fimer India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 02 May 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Fimer India is 29AANCM1657K1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Fimer India is U29308KA2019FTC130749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fimer India has 15 court cases on record: 13 filed by the company and 2 filed against it. 6 are pending. Most are in the district courts.
Fimer India was incorporated on 18 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Fimer India has 1 deal on record (1 rights issue); the latest was in March 2020.
Sreevatsa Nanjundaiah Kallahalli ceased to be Additional Director on 01 Apr 2020. Xavier Scaria ceased to be Additional Director on 01 Apr 2020. Chandra Prakash Vyas ceased to be Additional Director on 30 Mar 2020. Fimer India has 8 board changes on record in total.
Fimer India has 7 MSME Form 1 returns on record between 2020 and 2024, listing 248 overdue payments to 44 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Fimer India can be reached through the website fimer.com. Its registered office is in Bangalore, Karnataka, India.