MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GA-02-0001481
Franstek Belts Private Limited - machinery and equipment in Verna, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.09 Cr
▲ 10.47% YoY
Net profit · FY 2025
₹91.47 Lakh
Net margin 2.9%
EBITDA · FY 2025
₹3.3 Cr
EBITDA margin 10.6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹8.1 Lakh
Company age
13 yrs
Est. 2013
Employees · EPFO
71
Provident fund records
About Franstek Belts Private Limited
Data last updated:
Franstek Belts Private Limited is a private limited company based in Verna, Goa, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 10 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U29220GA2013PTC007266. Its GSTIN is 30AACCF2253K1Z0 (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Suresh Karunakaran Nambiar (Managing Director) and Gokulakrishnan.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No: U – 05/03 Phase IV Verna Industrial Estate Salcete, Goa, India – 403722.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.09 Cr. For the same year it recorded a net profit of ₹91.47 Lakh (net margin 2.9%) and EBITDA of ₹3.3 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 13% over five years.
The company has about 71 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹8.1 Lakh on record. Court records list 6 cases involving the company, including 6 filed by the company. The company has 7 deals on record (3 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹7.99 Cr; the latest was in March 2019.
Franstek Belts Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-02-0001481). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiorino.com.
Company details
CIN U29220GA2013PTC007266
Registration Number 007266
Incorporation Date 10 July 2013
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GA-02-0001481
Key People
Suresh Karunakaran Nambiar Managing Director Gokulakrishnan Director Suresh Balu Lonkar Director Recognitions & Rankings of Franstek Belts
Contact details
Franstek Belts Private Limited's registered office is in Verna, Goa. Its website is chiorino.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No: U – 05/03 Phase IV Verna Industrial Estate Salcete, Goa, India – 403722
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Franstek Belts Private Limited, buy the company report.
Comprehensive company report
Franstek Belts 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 Franstek Belts is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Franstek Belts Private Limited, buy the company report.
Financials of Franstek Belts Private Limited
FY 2025 filings availableFranstek Belts Private Limited reported revenue of ₹31.09 Cr for FY 2025.
Revenue · FY 2025
₹31.09 Cr
Net profit · FY 2025
₹91.47 Lakh margin 2.9%
EBITDA · FY 2025
₹3.3 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 8%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 4%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. EBITDA fell 31% 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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| EBITDA | ₹3.3 Cr | ||||
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| Net Profit (PAT) | ₹91.47 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 2.9% | ||||
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To see the full financial statements and ratios of Franstek Belts Private Limited, buy the company report.
Board of directors of Franstek Belts Private Limited
Franstek Belts has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gokulakrishnan | Director | 09 Jun 2016 | 10 Years 4 Months | Current |
| Suresh Balu Lonkar | Director | 17 Nov 2020 | 5 Years 11 Months | Current |
| Suresh Karunakaran Nambiar | Managing Director | 01 Feb 2015 | 11 Years 8 Months | Current |
| Avinash Ganesh Pai | Director | 10 Jul 2013 | 13 Years 3 Months | Current |
| Franco Oetterli | Director | 10 Jul 2013 | 13 Years 3 Months | Current |
| Luca Caccia | Additional Director | 14 Jul 2025 | 1 Years 3 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Franstek Belts Private Limited is audited by B V KAMAT & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B V KAMAT & CO | FY 2023 | 104637W |
Shareholding
The shareholding of Franstek Belts Private Limited 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 Franstek Belts Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹8.1 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2015 | 10583574 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 29 Feb 2016 | 100061945 | Others | ₹8.1 Lakh | Satisfied |
To see the full charge records of Franstek Belts Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Franstek Belts Private Limited has 7 deals on record (3 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹7.99 Cr; the latest was in March 2019.
Total deals
7
Secondary share transfers
3
Funding rounds
2
Rights issues
2
Disclosed funding
₹7.99 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Funding round | ₹4 Cr | Investors: Movemax AG, an individual |
| Mar 2018 | Rights issue | ₹1 Cr | Investors: Movemax AG, 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Rights issue | ₹1 Cr | Investors: Movemax AG, 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Franstek Belts Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Franstek Belts Private Limited has 6 court cases on record: 6 filed by Franstek Belts. All cases are disposed.
Total cases
6
Filed by the company
6
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Petition | Filed by the company against Naren Textile Engineers Pvt Ltd and 9 others | Disposed |
| District court, South Goa, Goa | Civil suit | Filed by the company against Mcon Conveyors Pvt. Ltd and 2 others | Disposed |
| District court, South Goa, Goa | Court case (SCS) | Filed by the company against Intelligent Textile Engineers Pvt Ltd | Disposed |
| District court, South Goa, Goa | Civil suit | Filed by the company against Neo Corp. International Ltd.Rep by Mr Sunil K Trivedi and 3 others | Disposed |
| District court, Coimbatore, Tamil Nadu | Court case (COS) | Filed by the company against an individual | Disposed |
To see the full case history of Franstek Belts 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
No delayed payments to MSME suppliers are on our record for Franstek Belts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Franstek Belts Private Limited has a workforce of 71 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
71
Active EPFO establishments
1
Employee growth
2.9%
GST
Franstek Belts has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AACCF2253K1Z0 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Franstek Belts Private Limited, buy the company report.
Recent activity
Franstek Belts Private Limited has 12 board changes on record since 2013: 8 appointments and 4 cessations. The latest: Luca Caccia was appointed as Additional Director on 14 Jul 2025.
AGM
Franstek Belts Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Appointed
Luca Caccia was appointed as Additional Director.
Appointed
Nanjappan Subramaniam was appointed as Director.
Filing
Franstek Belts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Goa.
Charges
A charge with Hdfc Bank Limited of Rs. 10.00 Cr registered on 03 Aug 2015 with Charge ID 10583574 was modified on 17 Nov 2021.
Charges
A charge registered on 29 Feb 2016 via Charge ID 100061945 with Others was fully satisfied on 21 Jan 2021.
Appointed
Suresh Balu Lonkar was appointed as Director.
Ceased
Nanjappan Subramaniam ceased to be Director.
Ceased
Gokulakrishnan ceased to be Additional Director.
Ceased
Matteo Chiorino ceased to be Additional Director.
Appointed
Gokulakrishnan was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.08 Cr with Charge ID 100061945 was registered on 29 Feb 2016.
7 earlier events are in the company report.
Frequently asked questions
Franstek Belts is an active private limited company based in Verna, Goa, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 10 July 2013 (13+ years old) and is registered under CIN U29220GA2013PTC007266.
Franstek Belts has 7 current directors:
- Suresh Karunakaran Nambiar - Managing Director
- Gokulakrishnan - Director
- Suresh Balu Lonkar - Director
- Avinash Ganesh Pai - Director
- Franco Oetterli - Director
- Luca Caccia - Additional Director
- Nanjappan Subramaniam - Director
The latest financial statements of Franstek Belts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Franstek Belts is 30AACCF2253K1Z0, registered in Goa. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Franstek Belts is U29220GA2013PTC007266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Franstek Belts has 6 court cases on record: 6 filed by the company.
Franstek Belts was incorporated on 10 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Goa.
Franstek Belts has 7 deals on record (3 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹7.99 Cr; the latest was in March 2019.
Luca Caccia was appointed as Additional Director on 14 Jul 2025. Nanjappan Subramaniam was appointed as Director on 01 Jul 2025. Suresh Balu Lonkar was appointed as Director on 17 Nov 2020. Franstek Belts has 12 board changes on record in total.
Yes, Franstek Belts is registered as a small enterprise under Udyam registration (number: UDYAM-GA-02-0001481).