Indaco Metal Coats Private Limited

Indaco Metal Coats Private Limited - metals and minerals in Belgaum, Karnataka, India. FY 2026 financials & compliance.
CIN U74110KA2015PTC083775 Incorporated 29 October 2015 ROC Bangalore HQ Belgaum, Karnataka, India
Active Private Limited Company metals and minerals MSME · Small
Data last updated
Revenue · FY 2025
₹2.4 Cr
▲ 109% YoY
Net loss · FY 2025
₹21.8 Lakh
Net margin -9.1%
EBITDA · FY 2025
₹96.44 Lakh
EBITDA margin 40.1%
Authorised capital
₹5.3 Cr
Registered with MCA
Paid-up capital
₹5.23 Cr
Issued & subscribed
Open charges
₹10.85 Cr
Satisfied ₹10.85 Cr
Company age
11 yrs
Est. 2015
Directors on board
4
As per MCA filings

About Indaco Metal Coats Private Limited

Data last updated:

Indaco Metal Coats Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 October 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2015PTC083775. Its GSTIN is 29AAECI7209Q1ZW (Karnataka).

The company has an authorised share capital of ₹5.3 Cr and a paid-up capital of ₹5.23 Cr. It was formerly known as Vital Equity Private Limited. It is led by directors including Raj Ramesh Doddanavar (Managing Director) and Yasheel Praveen Doddanavar.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 430/2 (New R.S.No. 430/B As Per Rtc) P.B. Road Bennalli, Belgaum, Karnataka, India – 591156.

As per the financials filed for FY 2025, the company reported a revenue of ₹2.4 Cr, a growth of 109% compared to the previous year. For the same year it recorded a net loss of ₹21.8 Lakh (net margin -9.1%) and EBITDA of ₹96.44 Lakh (EBITDA margin 40.1%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 108% over five years.

The company is associated with 1 brand: Indaco Metal Coats. As per MCA filings, the company has open charges of ₹10.85 Cr and satisfied charges of ₹10.85 Cr on record. The company has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹43.4 Lakh; the latest was in October 2020. The company has 38 MSME Form 1 returns on record between 2019 and 2024, listing 274 overdue payments to 36 micro and small suppliers.

Indaco Metal Coats Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0002810). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indacocoats.com.

Company details

CIN U74110KA2015PTC083775
Registration Number 083775
Incorporation Date 29 October 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-04-0002810

CIN history

Indaco Metal Coats has one previous CIN (Corporate Identification Number): U74900KA2015PTC083775. The current CIN is U74110KA2015PTC083775, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74110KA2015PTC083775Current
U74900KA2015PTC083775Previous
Key People
Raj Ramesh Doddanavar Managing Director Yasheel Praveen Doddanavar Director Deepak Chintamani Jinagouda Director

Recognitions & Rankings of Indaco Metal Coats

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-04-0002810

Contact details

Indaco Metal Coats Private Limited's registered office is in Belgaum, Karnataka. Its website is indacocoats.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    indacocoats.com
  • Social Media
  • Registered Address
    430/2 (New R.S.No. 430/B As Per Rtc) P.B. Road Bennalli, Belgaum, Karnataka, India – 591156
  • Industry
    Metals and Minerals, Metal Manufacturing & Processing

To see the full contact details of Indaco Metal Coats Private Limited, buy the company report.

Comprehensive company report
Indaco Metal Coats 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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Brands

Indaco Metal Coats operates one associated brand: Indaco Metal Coats. Each brand links to its own profile.

BrandDescriptionWebsite
Indaco Metal Coats
Provision of anodizing and electro polishing services in the manufacturing sector.indacocoats.com

Business activity

The main business activity of Indaco Metal Coats is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Indaco Metal Coats Private Limited, buy the company report.

Financials of Indaco Metal Coats Private Limited

FY 2025 filings available

Indaco Metal Coats Private Limited reported revenue of ₹2.4 Cr (up 109% YoY) for FY 2025.

Revenue · FY 2025
₹2.4 Cr ▲ 109%
Net loss · FY 2025
₹21.8 Lakh margin -9.1%
EBITDA · FY 2025
₹96.44 Lakh margin 40.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 109%
3 years · compounded
▲ 80%
5 years · compounded
▲ 108%
EBITDA CAGR growth
1 year
▲ 212%
3 years · compounded
▲ 73%
5 years · compounded
▲ 49%

Revenue has grown at a compounded annual rate (CAGR) of 108% over five years, including 109% growth in the latest year. EBITDA rose 212% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹96.44 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹21.8 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin40.1%
Net Profit Margin-9.1%
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 Indaco Metal Coats Private Limited, buy the company report.

Board of directors of Indaco Metal Coats Private Limited

Indaco Metal Coats has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Raj Ramesh Doddanavar
Also directs: Oxera Precision Tech Private Limited, Pryd Ventures LLP, DB Sugars & Agro Products Private Limited and 1 more
Managing Director05 Apr 20179 Years 7 MonthsCurrent
Yasheel Praveen Doddanavar
Also directs: Pryd Ventures LLP, DB Sugars & Agro Products Private Limited
Director30 Jun 20188 Years 4 MonthsCurrent
Deepak Chintamani Jinagouda
Also directs: Evolortho Tech Private Limited, Oxera Precision Tech Private Limited
Director05 Apr 20179 Years 7 MonthsCurrent
Prithvi Vinod Doddanavar
Also directs: Pryd Ventures LLP, DB Sugars & Agro Products Private Limited, Logam Beverages Private Limited
Director30 Jun 20188 Years 4 MonthsCurrent
View all directors

Auditor

Indaco Metal Coats Private Limited is audited by SHIVANAND HALBHAVI AND CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SHIVANAND HALBHAVI AND COFY 2023012394S

Shareholding

The shareholding of Indaco Metal Coats 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Indaco Metal Coats Private Limited, buy the company report.

Charges & borrowings

Open charges
₹10.85 Cr
Satisfied charges
₹10.85 Cr
Breakdown by lending institutions
Axis Bank Limited₹10.85 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Dec 2018100225546Axis Bank Limited₹10.85 CrSatisfied

To see the full charge records of Indaco Metal Coats Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Indaco Metal Coats Private Limited has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹43.4 Lakh; the latest was in October 2020.

Total deals
6
Secondary share transfers
3
Rights issues
2
Funding round
1
Disclosed funding
₹43.4 Lakh

Deals on record (5 of 6)

WhenDealAmountParties
Oct 2020Funding round₹43.4 LakhInvestors: Danco Anodizng Inc
May 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jan 2020Rights issue₹8.5 LakhInvestors: an individual
May 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
May 2018Rights issue₹4.74 CrInvestors: 4 individuals

To see the full deal history of Indaco Metal Coats Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Indaco Metal Coats Private Limited has 38 MSME Form 1 returns on record between 2019 and 2024, listing 274 overdue payments to 36 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 36)

SupplierAmount dueDue sinceReported on
Envicare Technologies Private Limited
Atlas Copco (India) Private Limited
an individual supplier
Shivraj Calibaration
an individual supplier

To see the full MSME payment records of Indaco Metal Coats Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Indaco Metal Coats has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAECI7209Q1ZWKarnatakaActive22 Jan 2018

To see the full GST registrations and return filing status of Indaco Metal Coats Private Limited, buy the company report.

Recent activity

Indaco Metal Coats Private Limited has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Kiran Jinagouda ceased to be Director on 14 Feb 2024.

Charges
A charge registered on 11 Dec 2018 via Charge ID 100225546 with Axis Bank Limited was fully satisfied on 26 Nov 2025.
AGM
Indaco Metal Coats Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indaco Metal Coats Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Kiran Jinagouda ceased to be Director.
Ceased
Rosendo Agustin Tiamson ceased to be Director.
Ceased
Raj Ramesh Doddanavar ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 10.85 Cr registered on 11 Dec 2018 with Charge ID 100225546 was modified on 31 Jul 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 10.85 Cr with Charge ID 100225546 was registered on 11 Dec 2018.
Appointed
Prithvi Vinod Doddanavar was appointed as Director.
Appointed
Yasheel Praveen Doddanavar was appointed as Director.
Ceased
Kirti Subodh Tembe ceased to be Director.
Ceased
Swaroopa Vijay Patil ceased to be Director.

4 earlier events are in the company report.

Frequently asked questions

Indaco Metal Coats is an active private limited company based in Belgaum, Karnataka, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 October 2015 (11+ years old) and is registered under CIN U74110KA2015PTC083775.

Indaco Metal Coats has 4 current directors:

The latest financial statements of Indaco Metal Coats on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Indaco Metal Coats is 29AAECI7209Q1ZW, registered in Karnataka.

The CIN (Corporate Identification Number) of Indaco Metal Coats is U74110KA2015PTC083775. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Indaco Metal Coats was incorporated on 29 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Indaco Metal Coats has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹43.4 Lakh; the latest was in October 2020.

Kiran Jinagouda ceased to be Director on 14 Feb 2024. Rosendo Agustin Tiamson ceased to be Director on 30 Dec 2021. Raj Ramesh Doddanavar ceased to be Director on 10 Sep 2021. Indaco Metal Coats has 10 board changes on record in total.

Yes, Indaco Metal Coats is registered as a small enterprise under Udyam registration (number: UDYAM-KR-04-0002810).

Indaco Metal Coats has 38 MSME Form 1 returns on record between 2019 and 2024, listing 274 overdue payments to 36 micro and small suppliers. The latest return was filed on 09 May 2024.

Indaco Metal Coats can be reached through the website indacocoats.com. Its registered office is in Belgaum, Karnataka, India.