MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0017983
Galvano Castings Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹41.42 Cr
▼ 8% YoY
Net profit · FY 2024
₹1.2 Cr
Net margin 2.9%
EBITDA · FY 2024
₹4.89 Cr
EBITDA margin 11.8%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.8 Cr
Issued & subscribed
Open charges
₹34.37 Cr
Satisfied ₹28.46 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
70
Provident fund records
About Galvano Castings Private Limited
Data last updated:
Galvano Castings Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 17 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29199KA1995PTC017384. Its GSTIN is 29AAACG8237G1ZH (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.8 Cr. It is led by directors Varadarajulu Balaram Saroja and Sridhar Balaram.
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 # 549 IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2024, the company reported a revenue of ₹41.42 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Cr (net margin 2.9%) and EBITDA of ₹4.89 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 1% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹34.37 Cr and satisfied charges of ₹28.46 Cr on record. Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it.
Galvano Castings Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0017983). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website galvano.in.
Company details
CIN U29199KA1995PTC017384
Registration Number 017384
Incorporation Date 17 March 1995
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0017983
Recognitions & Rankings of Galvano Castings
Contact details
Galvano Castings Private Limited's registered office is in Bangalore, Karnataka. Its website is galvano.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 549 IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Galvano Castings Private Limited, buy the company report.
Comprehensive company report
Galvano Castings 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 Galvano Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Galvano Castings Private Limited, buy the company report.
Financials of Galvano Castings Private Limited
FY 2024 filings availableGalvano Castings Private Limited reported revenue of ₹41.42 Cr (down 8% YoY) for FY 2024.
Revenue · FY 2024
₹41.42 Cr ▼ 8%
Net profit · FY 2024
₹1.2 Cr margin 2.9%
EBITDA · FY 2024
₹4.89 Cr margin 11.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 13%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 5%
5 years · compounded
▲ 3%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 10% 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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| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.2 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.8% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Galvano Castings Private Limited, buy the company report.
Board of directors of Galvano Castings Private Limited
Galvano Castings has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varadarajulu Balaram Saroja | Director | 17 Mar 1995 | 31 Years 7 Months | Current |
| Sridhar Balaram Also directs: Pratavas Engineering Solutions LLP, Techne Avinya LLP, Flownetics Engineering Private Limited and 5 more | Director | 17 Mar 1995 | 31 Years 7 Months | Current |
Peer comparison
Galvano Castings Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Singhbhum Technocast Private Limited | ₹41.6 Cr (FY 2025) | -1.0% | Gamharia, Jharkhand, India | |||
| Inovative Technocast Private Limited | ₹41.56 Cr (FY 2025) | 40.0% | Rajkot, Gujarat, India | |||
| Nandish Alloys Limited | ₹41.49 Cr (FY 2025) | 0.0% | Ludhiana, Punjab, India | |||
| K & K Foundry Private Limited | ₹41.47 Cr (FY 2018) | 38.0% | Kolhapur, Maharashtra, India | |||
| Northern Castings Private Limited | ₹41.44 Cr (FY 2025) | 25.0% | Bhiwadi, Rajasthan, India | |||
| Galvano Castings Private Limitedthis company | ₹41.42 Cr (FY 2024) | ₹1.2 Cr | 2.9% | -8.0% | 70 | Bangalore, Karnataka, India |
| Chandel Engineering Private Limited | ₹41.41 Cr (FY 2025) | 31.0% | Uttar Pradesh, India | |||
| Impel Ferrocast Private Limited | ₹41.37 Cr (FY 2025) | 326.0% | Coimbatore, Tamil Nadu, India | |||
| Vishnu Krupa Alloys Private Limited | ₹41.31 Cr (FY 2025) | 36.0% | Ahmedabad, Gujarat, India | |||
| Apex Alloy Steel Private Limited | ₹41.26 Cr (FY 2024) | 23.0% | Ahmedabad, Gujarat, India | |||
| Parikh Metacast Private Limited | ₹41.24 Cr (FY 2025) | -2.0% | Kolhapur, Maharashtra, India |
To see the full peer comparison of Galvano Castings Private Limited, buy the company report.
Auditor
Galvano Castings Private Limited is audited by Balakrishna and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Balakrishna and Co | FY 2023 | 004835S |
Shareholding
The shareholding of Galvano Castings 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Galvano Castings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹34.37 Cr
Satisfied charges
₹28.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2021 | 100472109 | Canara Bank | ₹1 Cr | Open | |
| 28 Sep 2018 | 100213737 | Canara Bank | ₹11.3 Cr | Open | |
| 31 Mar 2018 | 100178808 | Canara Bank | ₹69 Lakh | Open | |
| 29 Mar 2014 | 10491081 | Canara Bank | ₹1.2 Cr | Open | |
| 28 Mar 2013 | 10417979 | Canara Bank | ₹20.18 Cr | Open |
To see the full charge records of Galvano Castings Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Galvano Castings Private Limited has 11 court cases on record: 6 filed by Galvano Castings, 5 filed against it. All cases are disposed.
Total cases
11
Filed by the company
6
Filed against the company
5
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 0 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kolhapur, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Magna Ferrochem Private Ltd. Through Sunil Purushottam Battase | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Visharada Engineers Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Visharadha Engineers P Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (ECA) | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Galvano Castings 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 Galvano Castings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Galvano Castings Private Limited has a workforce of 70 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
-1.41%
GST
Galvano Castings has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACG8237G1ZH | Karnataka | Active | 01 Jul 2017 |
| 29AAACG8237G1DQ | Karnataka | Active | 09 Apr 2025 |
To see the full GST registrations and return filing status of Galvano Castings Private Limited, buy the company report.
Recent activity
Galvano Castings Private Limited has 2 board changes on record since 1995: 2 appointments. The latest: Sridhar Balaram was appointed as Director on 17 Mar 1995.
AGM
Galvano Castings Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 20.18 Cr registered on 28 Mar 2013 with Charge ID 10417979 was modified on 16 May 2024.
Filing
Galvano Castings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank of Rs. 11.30 Cr registered on 28 Sep 2018 with Charge ID 100213737 was modified on 11 Mar 2022.
Charges
A charge with Canara Bank amounted to Rs. 1.00 Cr with Charge ID 100472109 was registered on 03 Aug 2021.
Charges
A charge with Canara Bank amounted to Rs. 11.30 Cr with Charge ID 100213737 was registered on 28 Sep 2018.
Charges
A charge with Canara Bank amounted to Rs. 0.69 Cr with Charge ID 100178808 was registered on 31 Mar 2018.
Charges
A charge with Canara Bank amounted to Rs. 1.20 Cr with Charge ID 10491081 was registered on 29 Mar 2014.
Charges
A charge with Canara Bank amounted to Rs. 20.18 Cr with Charge ID 10417979 was registered on 28 Mar 2013.
Charges
A charge registered on 04 Oct 2012 via Charge ID 10379573 with The Karnataka State Co- Operative Apex Bank Ltd was fully satisfied on 28 Mar 2013.
Charges
A charge registered on 22 Jun 2011 via Charge ID 10364905 with The Karnataka State Cooperative Apex Bank Limited was fully satisfied on 28 Mar 2013.
Charges
A charge registered on 17 Mar 2011 via Charge ID 10364903 with The Karnataka State Cooperative Apex Bank Limited was fully satisfied on 28 Mar 2013.
27 earlier events are in the company report.
Frequently asked questions
Galvano Castings is an active private limited company based in Bangalore, Karnataka, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 17 March 1995 (31+ years old) and is registered under CIN U29199KA1995PTC017384.
Galvano Castings has 2 current directors:
- Varadarajulu Balaram Saroja - Director
- Sridhar Balaram - Director
The latest financial statements of Galvano Castings 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 Galvano Castings is 29AAACG8237G1ZH, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACG8237G1DQ (Karnataka).
The CIN (Corporate Identification Number) of Galvano Castings is U29199KA1995PTC017384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Galvano Castings has 11 court cases on record: 6 filed by the company and 5 filed against it. Most are in the district courts.
Galvano Castings was incorporated on 17 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Galvano Castings by revenue are Singhbhum Technocast Private Limited, Inovative Technocast Private Limited, Nandish Alloys Limited, K & K Foundry Private Limited, Northern Castings Private Limited and 5 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Sridhar Balaram was appointed as Director on 17 Mar 1995. Varadarajulu Balaram Saroja was appointed as Director on 17 Mar 1995.
Yes, Galvano Castings is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0017983).
Galvano Castings can be reached through the website galvano.in. Its registered office is in Bangalore, Karnataka, India.
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