MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-21-0003342
Good Power Industries Private Limited - manufacturing in Mandaya, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹6.5 Cr
▲ 132% YoY
Net profit · FY 2023
₹10.67 Lakh
Net margin 1.6%
EBITDA · FY 2023
₹42.75 Lakh
EBITDA margin 6.6%
Authorised capital
₹2.3 Cr
Registered with MCA
Paid-up capital
₹1.15 Cr
Issued & subscribed
Open charges
₹5.04 Cr
Satisfied ₹19 Lakh
Company age
8 yrs
Est. 2018
Employees · EPFO
25
Provident fund records
About Good Power Industries Private Limited
Data last updated:
Good Power Industries Private Limited is a private limited company based in Mandaya, Karnataka, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 15 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25207KA2018PTC117577. Its GSTIN is 29AAHCG5100D1Z0 (Karnataka).
The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹1.15 Cr. It is led by directors Budnur Chikkamarigowda Sushith (Managing Director) and Puttarama Devarahally Hanumegowda.
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 Flot No.26A1 Somanahalli Industrial Area Maddur Taluk, Mandaya, Karnataka, India – 571428.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.5 Cr, a growth of 132% compared to the previous year. For the same year it recorded a net profit of ₹10.67 Lakh (net margin 1.6%) and EBITDA of ₹42.75 Lakh (EBITDA margin 6.6%).
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.04 Cr and satisfied charges of ₹19 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Good Power Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-21-0003342). For more details, the company can be reached via its website goodpower.in.
Company details
CIN U25207KA2018PTC117577
Registration Number 117577
Incorporation Date 15 October 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Small
Udyam Registration UDYAM-KR-21-0003342
Key People
Budnur Chikkamarigowda Sushith Managing Director Puttarama Devarahally Hanumegowda Director Recognitions & Rankings of Good Power Industries
Contact details
Good Power Industries Private Limited's registered office is in Mandaya, Karnataka. Its website is goodpower.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlot No.26A1 Somanahalli Industrial Area Maddur Taluk, Mandaya, Karnataka, India – 571428
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Good Power Industries Private Limited, buy the company report.
Comprehensive company report
Good Power Industries 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 Good Power Industries 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 Good Power Industries Private Limited, buy the company report.
Financials of Good Power Industries Private Limited
FY 2024 filings availableGood Power Industries Private Limited reported revenue of ₹6.5 Cr (up 132% YoY) for FY 2023.
Revenue · FY 2023
₹6.5 Cr ▲ 132%
Net profit · FY 2023
₹10.67 Lakh margin 1.6%
EBITDA · FY 2023
₹42.75 Lakh margin 6.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 132%
EBITDA CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 381%
Revenue rose 132% in the latest year. EBITDA rose 66% 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.5 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹42.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.67 Lakh | ||||
| 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 Good Power Industries Private Limited, buy the company report.
Board of directors of Good Power Industries Private Limited
Good Power Industries has 2 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 |
|---|---|---|---|---|
| Puttarama Devarahally Hanumegowda | Director | 09 Sep 2019 | 7 Years 1 Months | Current |
| Budnur Chikkamarigowda Sushith | Managing Director | 15 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Good Power Industries Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Minwool Rock Fibers Ltd. | ₹6.74 Cr (FY 2016) | -72.0% | Rajnandgaon, Chhattisgarh, India | |||
| Good Power Industries Private Limitedthis company | ₹6.5 Cr (FY 2023) | ₹10.67 Lakh | 1.6% | 132.0% | 25 | Mandaya, Karnataka, India |
| Jay Balaji Polytech Industries Private Limited | ₹6.49 Cr (FY 2025) | 63.0% | Ahmedabad, Gujarat, India | |||
| Maa Sarala Agroproducts Private Limited | ₹6.44 Cr (FY 2024) | 152.0% | Khurda, Odisha, India |
To see the full peer comparison of Good Power Industries Private Limited, buy the company report.
Auditor
Good Power Industries Private Limited is audited by Rammesh Subramanian & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rammesh Subramanian & Associates | FY 2022 | 024441S |
Shareholding
The shareholding of Good Power Industries 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 Good Power Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.04 Cr
Satisfied charges
₹19 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2024 | 100948141 | Karnataka State Financial Corporation | ₹1.74 Cr | Open | |
| 14 Aug 2023 | 100778498 | Canara Bank | ₹1.3 Cr | Open | |
| 04 Jul 2020 | 100351022 | Karnataka State Financial Corporation | ₹2 Cr | Open | |
| 23 May 2022 | 100583662 | Canara Bank | ₹19 Lakh | Satisfied |
To see the full charge records of Good Power Industries Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Good Power Industries Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Am Core Industries | Pending |
To see the full case history of Good Power Industries 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 Good Power Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Good Power Industries Private Limited has a workforce of 25 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
-7.41%
GST
Good Power Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCG5100D1Z0 | Karnataka | Active | 07 Nov 2019 |
To see the full GST registrations and return filing status of Good Power Industries Private Limited, buy the company report.
Recent activity
Good Power Industries Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Vinay Kumar Kumathi Ravindra ceased to be Director on 09 Aug 2023.
AGM
Good Power Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Good Power Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 1.74 Cr with Charge ID 100948141 was registered on 30 Mar 2024.
Charges
A charge registered on 23 May 2022 via Charge ID 100583662 with Canara Bank was fully satisfied on 01 Sep 2023.
Charges
A charge with Canara Bank amounted to Rs. 1.30 Cr with Charge ID 100778498 was registered on 14 Aug 2023.
Ceased
Vinay Kumar Kumathi Ravindra ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 0.19 Cr with Charge ID 100583662 was registered on 23 May 2022.
Ceased
Budnur Chikkamarigowda Sushith ceased to be Director.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 2.00 Cr with Charge ID 100351022 was registered on 04 Jul 2020.
Ceased
Goravale Renukappa Sandeep ceased to be Director.
Ceased
Mothahalli Shashidhara Shilpashri ceased to be Director.
Appointed
Puttarama Devarahally Hanumegowda was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Good Power Industries is an active private limited company based in Mandaya, Karnataka, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 15 October 2018 (8+ years old) and is registered under CIN U25207KA2018PTC117577.
Good Power Industries has 2 current directors:
- Budnur Chikkamarigowda Sushith - Managing Director
- Puttarama Devarahally Hanumegowda - Director
The latest financial statements of Good Power Industries 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 FY 2019 are in the company report.
The GSTIN of Good Power Industries is 29AAHCG5100D1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Good Power Industries is U25207KA2018PTC117577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Good Power Industries has 1 court case on record: 1 filed against it. 1 is pending.
Good Power Industries was incorporated on 15 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Good Power Industries by revenue are Minwool Rock Fibers Ltd, Jay Balaji Polytech Industries Private Limited, Maa Sarala Agroproducts Private Limited, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Vinay Kumar Kumathi Ravindra ceased to be Director on 09 Aug 2023. Budnur Chikkamarigowda Sushith ceased to be Director on 01 Sep 2020. Goravale Renukappa Sandeep ceased to be Director on 10 Sep 2019. Good Power Industries has 6 board changes on record in total.
Yes, Good Power Industries is registered as a small enterprise under Udyam registration (number: UDYAM-KR-21-0003342).
Good Power Industries can be reached through the website goodpower.in. Its registered office is in Mandaya, Karnataka, India.
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