About Glatt Systems Private Limited
Data last updated:
Glatt Systems Private Limited is a foreign private limited company based in Kondhapuri, Maharashtra, India, a subsidiary of Northstar Capital Investment Gmbh, Germany. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 21 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29299PN2007FTC130591. Its GSTIN is 27AAACZ3001B1Z0 (Maharashtra).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹50 Cr. It was formerly known as Ziemann India Private Limited. It is led by directors including Rajiv Gajanan Bhide (Managing Director) and Jesko Jay Nowak.
Its last annual general meeting (AGM) was held on 05 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 321/2 322/1 324/1 & 2 Talula Shirur, Kondhapuri, Maharashtra, India – 412209.
As per the financials filed for FY 2025, the company reported a revenue of ₹631.44 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹34.11 Cr (net margin 5.4%) and EBITDA of ₹60.03 Cr (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 18% over five years.
The company has about 415 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹17.84 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website glatt.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address321/2 322/1 324/1 & 2 Talula Shirur, Kondhapuri, Maharashtra, India – 412209
- IndustryHealthcare, Medical & Laboratory Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Glatt Systems Private Limited
The main business activity of Glatt Systems is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Glatt Systems Private Limited
Glatt Systems Private Limited is audited by Joshi Apte & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Joshi Apte & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Glatt Systems Private Limited
Glatt Systems has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jesko Jay Nowak | Director | 05 Apr 2013 | 13 Years 6 Months | Current |
| Reinhard Otto Adolf Nowak | Director | 05 Apr 2013 | 13 Years 6 Months | Current |
| Rajiv Gajanan Bhide Also directs: Glatt Bioprocess Private Limited | Managing Director | 15 May 2014 | 12 Years 4 Months | Current |
Financials of Glatt Systems Private Limited FY 2025 filings available
Glatt Systems Private Limited reported revenue of ₹631.44 Cr (up 38.00% YoY) for FY 2025.
Growth of Glatt Systems Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▲ 38% | ▲ 18% | ▲ 18% |
| Net profit | ▲ 360% | ▲ 4% | ▲ 10% |
| EBITDA | ▲ 190% | ▲ 9% | ▲ 11% |
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 38% growth 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 of Glatt Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹60.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.11 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 of Glatt Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Glatt Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Glatt Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Glatt Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2024 | Hdfc Bank Limited | ₹2 Cr | Open |
| 12 Sep 2018 | Others | ₹10 Lakh | Satisfied |
| 07 Oct 2009 | Deg - Deutsche Investitions - Und Entwicklungsgesellschaft Mbh | ₹17.74 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Glatt Systems Private Limited
Glatt Systems Private Limited has a workforce of 415 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Glatt Systems Private Limited
Glatt Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ3001B1Z0 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Glatt Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Glatt Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Glatt Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Glatt Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Glatt Systems Private Limited
Frequently Asked Questions about Glatt Systems Private Limited
Glatt Systems is an active foreign private limited company based in Kondhapuri, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 21 August 2007 (19+ years old) and is registered under CIN U29299PN2007FTC130591.
Glatt Systems reported revenue of ₹631.44 Cr for FY 2025 (up 38.00% YoY).
Glatt Systems has 3 current directors:
- Rajiv Gajanan Bhide - Managing Director
- Jesko Jay Nowak - Director
- Reinhard Otto Adolf Nowak - Director
Glatt Systems reported a net profit of ₹34.11 Cr (net margin 5.4%) and EBITDA of ₹60.03 Cr (EBITDA margin 9.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Glatt Systems is 18% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Glatt Systems is 27AAACZ3001B1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Glatt Systems is U29299PN2007FTC130591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glatt Systems was incorporated on 21 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Glatt Systems can be reached through the website glatt.com. Its registered office is in Kondhapuri, Maharashtra, India.