MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0193388
Garuda Cranes Private Limited - machinery and equipment in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹19.22 Cr
▲ 101% YoY
Net profit · FY 2024
₹15.01 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹79.16 Lakh
EBITDA margin 4.1%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹16.5 Lakh
Issued & subscribed
Open charges
₹2.54 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Directors on board
2
As per MCA filings
About Garuda Cranes Private Limited
Data last updated:
Garuda Cranes Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 05 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29150MH2005PTC155873. Its GSTIN is 27AACCG4401A1ZD (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹16.5 Lakh. It is led by directors Madhusudan Srinivasan Ramchandran and Padmamala Madhusudan.
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 704 Varun Vasant Leelacomplex Kasar Wadavali G B Rd, Thane, Maharashtra, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.22 Cr, a growth of 101% compared to the previous year. For the same year it recorded a net profit of ₹15.01 Lakh (net margin 0.8%) and EBITDA of ₹79.16 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹2.54 Cr on record.
Garuda Cranes Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0193388). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garudacrane.com.
Company details
CIN U29150MH2005PTC155873
Registration Number 155873
Incorporation Date 05 September 2005
ROC Mumbai
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-MH-33-0193388
Recognitions & Rankings of Garuda Cranes
Contact details
Garuda Cranes Private Limited's registered office is in Thane, Maharashtra. Its website is garudacrane.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address704 Varun Vasant Leelacomplex Kasar Wadavali G B Rd, Thane, Maharashtra, India
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Garuda Cranes Private Limited, buy the company report.
Comprehensive company report
Garuda Cranes 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 Garuda Cranes is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Garuda Cranes Private Limited, buy the company report.
Financials of Garuda Cranes Private Limited
FY 2024 filings availableGaruda Cranes Private Limited reported revenue of ₹19.22 Cr (up 101% YoY) for FY 2024.
Revenue · FY 2024
₹19.22 Cr ▲ 101%
Net profit · FY 2024
₹15.01 Lakh margin 0.8%
EBITDA · FY 2024
₹79.16 Lakh margin 4.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 101%
3 years · compounded
▲ 60%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 119%
3 years · compounded
▲ 136%
5 years · compounded
▲ 42%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 101% growth in the latest year. EBITDA rose 119% 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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| Total Expenses | |||||
| EBITDA | ₹79.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.01 Lakh | ||||
| Balance Sheet | |||||
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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 | 4.1% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Garuda Cranes Private Limited, buy the company report.
Board of directors of Garuda Cranes Private Limited
Garuda Cranes has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhusudan Srinivasan Ramchandran | Director | 05 Sep 2005 | 21 Years 1 Months | Current |
| Padmamala Madhusudan | Director | 06 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
Garuda Cranes Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zeus Engitech Private Limited | ₹19.55 Cr (FY 2025) | 63.0% | Ahmedabad, Gujarat, India | |||
| Meeka Machinery Private Limited | ₹19.46 Cr (FY 2025) | 36.0% | Ahmedabad, Gujarat, India | |||
| Reliable Lifts India Private Limited | ₹19.37 Cr (FY 2024) | 23.0% | Pune, Maharashtra, India | |||
| Iee Lifts Private Limited | ₹19.29 Cr (FY 2025) | 40.0% | Mohali, Punjab, India | |||
| Surya Elevators Private Limited | ₹19.28 Cr (FY 2024) | -18.0% | Bangalore, Karnataka, India | |||
| Garuda Cranes Private Limitedthis company | ₹19.22 Cr (FY 2024) | ₹15.01 Lakh | 0.8% | 101.0% | Thane, Maharashtra, India | |
| Techmech Cranes India Private Limited | ₹19.05 Cr (FY 2024) | 48.0% | Medchal, Telangana, India | |||
| Usha Elevators Private Limited | ₹18.96 Cr (FY 2024) | 29.0% | Bangalore, Karnataka, India | |||
| Synergy Industrial Services Pvt Ltd | ₹18.84 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Garuda Cranes Private Limited, buy the company report.
Auditor
Garuda Cranes Private Limited is audited by MILIND M. DNYATE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MILIND M. DNYATE | FY 2023 | 037252 |
Shareholding
The shareholding of Garuda Cranes 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 Garuda Cranes Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.54 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2025 | 101165748 | Others | ₹50 Lakh | Open | |
| 18 Sep 2023 | 100790524 | Others | ₹1.79 Cr | Open | |
| 26 Mar 2009 | 10154008 | Small Indusries Development Bank of India | ₹25 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Garuda Cranes Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garuda Cranes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garuda Cranes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG4401A1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garuda Cranes Private Limited, buy the company report.
Recent activity
Garuda Cranes Private Limited has 8 board changes on record since 2005: 5 appointments and 3 cessations. The latest: Padmamala Madhusudan was appointed as Director on 06 Jul 2022.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 101165748 was registered on 01 Aug 2025.
AGM
Garuda Cranes Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Garuda Cranes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 179.00 Lakh with Charge ID 100790524 was registered on 18 Sep 2023.
Appointed
Padmamala Madhusudan was appointed as Director.
Ceased
Kamal Rameshbhai Doshi ceased to be Director.
Ceased
Laxmi Madhusudan ceased to be Director.
Ceased
Prativadibhayankar Kannan ceased to be Director.
Appointed
Kamal Rameshbhai Doshi was appointed as Director.
Charges
A charge with Small Indusries Development Bank Of India amounted to Rs. 25.00 Lakh with Charge ID 10154008 was registered on 26 Mar 2009.
Appointed
Laxmi Madhusudan was appointed as Director.
Appointed
Madhusudan Srinivasan Ramchandran was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Garuda Cranes is an active private limited company based in Thane, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 05 September 2005 (21+ years old) and is registered under CIN U29150MH2005PTC155873.
Garuda Cranes has 2 current directors:
- Madhusudan Srinivasan Ramchandran - Director
- Padmamala Madhusudan - Director
The latest financial statements of Garuda Cranes 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 Garuda Cranes is 27AACCG4401A1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Garuda Cranes is U29150MH2005PTC155873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Cranes was incorporated on 05 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Garuda Cranes by revenue are Zeus Engitech Private Limited, Meeka Machinery Private Limited, Reliable Lifts India Private Limited, Iee Lifts Private Limited, Surya Elevators Private Limited and 3 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Padmamala Madhusudan was appointed as Director on 06 Jul 2022. Kamal Rameshbhai Doshi ceased to be Director on 02 Jul 2022. Laxmi Madhusudan ceased to be Director on 15 Jul 2013. Garuda Cranes has 8 board changes on record in total.
Yes, Garuda Cranes is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0193388).
Garuda Cranes can be reached through the website garudacrane.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Garuda Cranes is at 704 Varun Vasant Leelacomplex Kasar Wadavali G B Rd, Thane, Maharashtra, India.