About Indutch Composites Technology Private Limited
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Indutch Composites Technology Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Munjal Auto Industries Limited. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 22 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2010PTC059665. Its GSTIN is 24AACCI2331P1ZL (Gujarat). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.22 Cr. It is led by directors including Binayak Rath (Managing Director) and Sathianarayanan Palaniappan.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. (187/P &187/P/1/)/B/1 Waghodia GIDC Industrial Estate – 391760, Vadodara, Gujarat, India – 391760.
As per the financials filed for FY 2025, the company reported a revenue of ₹802.48 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹8.16 Cr (net margin 1%) and EBITDA of ₹79.16 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 53% over five years.
The company has about 2,797 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indutch. As per MCA filings, the company has open charges of ₹471.45 Cr and satisfied charges of ₹1.15 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 8 deals on record (3 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹2.03 Cr; the latest was in March 2019. The company has 40 MSME Form 1 returns on record between 2016 and 2024, listing 2,414 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indutch.in.
Company details
Contact details
Indutch Composites Technology Private Limited's registered office is in Vadodara, Gujarat. Its website is indutch.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. (187/P &187/P/1/)/B/1 Waghodia GIDC Industrial Estate – 391760, Vadodara, Gujarat, India – 391760
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Indutch Composites Technology Private Limited, buy the company report.
- 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
Brands
Indutch Composites Technology operates one associated brand: Indutch. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Indutch is recognized as a leading manufacturer of composite solutions. | indutch.in |
Business activity
The main business activity of Indutch Composites Technology 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 Indutch Composites Technology Private Limited, buy the company report.
Financials of Indutch Composites Technology Private Limited
FY 2025 filings availableIndutch Composites Technology Private Limited reported revenue of ₹802.48 Cr (up 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 42% growth in the latest year. EBITDA rose 21% 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 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 | ₹802.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹79.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.16 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Indutch Composites Technology Private Limited, buy the company report.
Board of directors of Indutch Composites Technology Private Limited
Indutch Composites Technology has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathianarayanan Palaniappan | Director | 22 Feb 2010 | 16 Years 8 Months | Current |
| Anuj Munjal Also directs: Sara Training and Education LLP, Munjal Auto Industries Limited, Thakurdevi Investnents Pvt Ltd and 2 more | Director | 22 May 2018 | 8 Years 5 Months | Current |
| Avi Kersi Sabavala Also directs: Munjal Auto Industries Limited, Neogen Chemicals Limited | Director | 14 Sep 2022 | 4 Years 1 Months | Current |
| Naresh Kumar Chawla | Director | 14 Sep 2022 | 4 Years 1 Months | Current |
| Anju Sudhir Munjal Also directs: Sara Training and Education LLP, Munjal Auto Industries Limited, Fetlock Traders Private Limited and 2 more | Director | 09 Aug 2019 | 7 Years 2 Months | Current |
| Binayak Rath | Managing Director | 22 Feb 2010 | 16 Years 8 Months | Current |
Auditor
Indutch Composites Technology Private Limited is audited by VCA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VCA & ASSOCIATES | FY 2023 | 114414W |
Shareholding
The shareholding of Indutch Composites Technology Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indutch Composites Technology Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2025 | 101162055 | Axis Bank Limited | ₹50 Cr | Open | |
| 27 Jan 2025 | 101036478 | Others | ₹1.23 Cr | Open | |
| 25 Jun 2024 | 100936999 | Others | ₹1.6 Cr | Open | |
| 19 May 2022 | 100600937 | Others | ₹12.5 Cr | Open | |
| 30 Sep 2021 | 100502283 | Others | ₹1.18 Cr | Open |
To see the full charge records of Indutch Composites Technology Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Indutch Composites Technology Private Limited has 8 deals on record (3 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹2.03 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Munjal Auto Industries Limited Seller: 2 individuals |
| Jun 2018 | Rights issue | ₹15.83 Cr | Investors: Munjal Auto Industries Limited |
| Mar 2018 | Rights issue | ₹1.87 Cr | Investors: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Indutch Composites Technology Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indutch Composites Technology Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Satyen Polymers Pvt. Ltd. | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Indutch Composites Technology 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.
Credit ratings & regulatory alerts
Indutch Composites Technology Private Limited was last rated by Icra on 31 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Mar 2022 |
To see the full credit ratings and regulatory alerts of Indutch Composites Technology Private Limited, buy the company report.
MSME payment delays
Indutch Composites Technology Private Limited has 40 MSME Form 1 returns on record between 2016 and 2024, listing 2,414 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Omkar Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Indutch Composites Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indutch Composites Technology Private Limited has a workforce of 2,797 employees on its EPFO records as of Oct 10, 2025, across 3 active EPFO establishments.
GST
Indutch Composites Technology has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCI2331P1ZL | Gujarat | Active | 01 Jul 2017 |
| 33AACCI2331P1ZM | Tamil Nadu | Active | 01 Jul 2017 |
| 37AACCI2331P1ZE | Andhra Pradesh | Active | 17 Jun 2021 |
To see the full GST registrations and return filing status of Indutch Composites Technology Private Limited, buy the company report.
Recent activity
Indutch Composites Technology Private Limited has 17 board changes on record since 2010: 8 appointments and 9 cessations. The latest: Abhishek Yogendra Gangwal was appointed as Additional Director on 09 Feb 2026.
23 earlier events are in the company report.
Frequently asked questions
Indutch Composites Technology is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 22 February 2010 (16+ years old) and is registered under CIN U29100GJ2010PTC059665.
Indutch Composites Technology has 8 current directors:
- Binayak Rath - Managing Director
- Sathianarayanan Palaniappan - Director
- Anuj Munjal - Director
- Avi Kersi Sabavala - Director
- Naresh Kumar Chawla - Director
- Anju Sudhir Munjal - Director
- Sudhir Kumar Munjal - Director
- Abhishek Yogendra Gangwal - Additional Director
The latest financial statements of Indutch Composites Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indutch Composites Technology is 24AACCI2331P1ZL, registered in Gujarat. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 33AACCI2331P1ZM (Tamil Nadu), 37AACCI2331P1ZE (Andhra Pradesh).
The CIN (Corporate Identification Number) of Indutch Composites Technology is U29100GJ2010PTC059665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indutch Composites Technology has 2 court cases on record: 2 filed against it. 1 is pending.
Indutch Composites Technology was incorporated on 22 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Indutch Composites Technology has 8 deals on record (3 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹2.03 Cr; the latest was in March 2019.
Abhishek Yogendra Gangwal was appointed as Additional Director on 09 Feb 2026. Binayak Rath ceased to be Director on 31 May 2025. Avi Kersi Sabavala ceased to be Additional Director on 15 Sep 2022. Indutch Composites Technology has 17 board changes on record in total.
Indutch Composites Technology has 40 MSME Form 1 returns on record between 2016 and 2024, listing 2,414 overdue payments to 37 micro and small suppliers. The latest return was filed on 21 May 2024.
Indutch Composites Technology can be reached through the website indutch.in. Its registered office is in Vadodara, Gujarat, India.