About Karad Projects and Motors Limited
Data last updated:
Karad Projects and Motors Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Kirloskar Brothers Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 02 April 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45203PN2001PLC149623. Its GSTIN is 27AADCA9556F1ZI (Maharashtra). The company holds 13 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹98 Cr and a paid-up capital of ₹13.95 Cr. It was formerly known as Aban Constructions Private Limited and Aban Constructions. It is led by directors including Ravindra Ramkrishna Samant (Managing Director) and Rama Sanjay Kirloskar.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹592.81 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹37.56 Cr (net margin 6.3%) and EBITDA of ₹65.77 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 12% over five years.
The company has about 425 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹34.96 Cr and satisfied charges of ₹438.51 Cr on record. Court records list 43 cases involving the company, including 20 filed by the company and 23 filed against it; 6 cases are pending. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹34.84 Cr; the latest was in October 2013. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 161 overdue payments to 21 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 kpml.co.in.
Company details
Name history
Karad Projects and Motors has undergone 5 name changes throughout its history. The current legal name is Karad Projects And Motors Limited.
| Company Name | Status |
|---|---|
| Karad Projects and Motors Limited | Current |
| Aban Constructions Private Limited | Previous |
| Aban Constructions | Previous |
| Aban Constructions Limited | Previous |
| Aban Constructions Limited | Previous |
| Kirloskar Constructions And Engineers Limited | Previous |
CIN history
Karad Projects and Motors has one previous CIN (Corporate Identification Number): U45203TN2001PLC046895. The current CIN is U45203PN2001PLC149623, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203PN2001PLC149623 | Current |
| U45203TN2001PLC046895 | Previous |
Contact details
Karad Projects and Motors Limited's registered office is in Pune, Maharashtra. Its website is kpml.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressYamuna Survey No. 98/(3 To 7), Plot No. 3 Baner, Pune, Maharashtra, India – 411045
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Karad Projects and Motors 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
Business activity
The main business activity of Karad Projects and Motors 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 Karad Projects and Motors Limited, buy the company report.
Financials of Karad Projects and Motors Limited
FY 2025 filings availableKarad Projects and Motors Limited reported revenue of ₹592.81 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 12% growth in the latest year. EBITDA rose 24% 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 | ₹592.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹65.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37.56 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | ||||
| Net Profit Margin | 6.3% | ||||
| 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 Karad Projects and Motors Limited, buy the company report.
Board of directors of Karad Projects and Motors Limited
Karad Projects and Motors has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Sanjay Kirloskar Also directs: DCM Shriram Fine Chemicals Limited, Kirloskar Brothers Limited, KPT Industries Limited and 2 more | Director | 21 Jul 2017 | 9 Years 3 Months | Current |
| Ravindra Ramkrishna Samant | Managing Director | 01 Nov 2014 | 12 Years 0 Months | Current |
| Chittaranjan Madhukar Mate Also directs: Kirloskar Corrocoat Private Limited | Director | 29 Jan 2021 | 5 Years 9 Months | Current |
| Ravindra Sharnappa Birajdar | Additional Director | 18 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Karad Projects and Motors Limited is audited by Sharp and Tannan Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharp and Tannan Associates | FY 2024 | 109983W |
Shareholding
The shareholding of Karad Projects and Motors Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karad Projects and Motors Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2023 | 100811052 | Others | ₹5 Cr | Open | |
| 29 Nov 2021 | 100510080 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 05 Mar 2021 | 100431104 | Others | ₹8.55 Cr | Open | |
| 28 Apr 2016 | 100024698 | Others | ₹5 Cr | Open | |
| 27 Aug 1997 | 90023924 | National Hydroelectric Power Corp. Ltd. | ₹27.9 Lakh | Open |
To see the full charge records of Karad Projects and Motors Limited, buy the company report.
Total charge records: 69 View all charges
Deals & funding
Karad Projects and Motors Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹34.84 Cr; the latest was in October 2013.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: Kirloskar Brothers Limited & Anant R Sathe, Kirloskar Brothers Limited Seller: Kirloskar Brothers Limited & Alok S Kirloskar, Kirloskar Brothers Limited & Gurunath G Palekar, Kirloskar Brothers Limited & Rajendran V Mahajan |
| Aug 2013 | Funding round | ₹9.84 Cr | Investors: Kirloskar Brothers Limited , Kirloskar Brothers Limited & Sanjay C Kirloskar, Kirloskar Brothers Limited & Gurunath G Palekar |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: Kirloskar Brothers Limited & Vinayak R Kulkarni, Kirloskar Brothers Limited & Padmakar S Jawadekar, Kirloskar Brothers Limited & Rajendran V Mahajan Seller: Kirloskar Brothers Limited |
| Dec 2011 | Funding round | ₹10 Cr | Investors: Kirloskar Brothers Limited |
| Jun 2011 | Funding round | ₹15 Cr | Investors: Kirloskar Brothers Limited |
To see the full deal history of Karad Projects and Motors 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
Karad Projects and Motors Limited has 43 court cases on record: 20 filed by Karad Projects and Motors, 23 filed against it. 6 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 15 | 5 |
| High courts | 19 | 8 | 1 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Satara, Maharashtra | Court case (R.C.A.) | Filed by the company against Kirloskar Proprietary Limited and 8 others | Pending |
| District court, Koraput, Odisha | Court case (R.F.A) | Filed by the company against Rashleela Enterprises Pvt Ltd and 2 others | Disposed |
| District court, Koraput, Odisha | Appeal | Filed by the company against Engineers India Ltd. and 3 others | Disposed |
| District court, Satara, Maharashtra | Court case (M.C.A.) | Filed against the company by Kirloskar Proprietary Limited and 5 others | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Kirloskar Proprietary Limited | Disposed |
To see the full case history of Karad Projects and Motors 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
Karad Projects and Motors Limited was last rated by Crisil on 02 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Jul 2020 |
To see the full credit ratings and regulatory alerts of Karad Projects and Motors Limited, buy the company report.
MSME payment delays
Karad Projects and Motors Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 161 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Maruti Wiretech Private Limited | |||
| Siddharth Foundry Private Limited | |||
| Avon Seals Private Limited | |||
| Popular Rubber Products | |||
| TGP Bioplastics Private Limited |
To see the full MSME payment records of Karad Projects and Motors Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Karad Projects and Motors Limited has 2 active EPFO establishments as of Nov 11, 2026.
GST
Karad Projects and Motors has 13 GST registrations: 5 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA9556F1ZI | Maharashtra | Active | 01 Jul 2017 |
| 23AADCA9556F2ZP | Madhya Pradesh | Active | 20 Apr 2018 |
| 30AADCA9556F1ZV | Goa | Active | 02 Apr 2024 |
| 27AADCA9556F2ZH | Maharashtra | Active | 01 Apr 2025 |
To see the full GST registrations and return filing status of Karad Projects and Motors Limited, buy the company report.
Recent activity
Karad Projects and Motors Limited has 25 board changes on record since 2008: 6 appointments and 19 cessations. The latest: Ravindra Sharnappa Birajdar was appointed as Additional Director on 18 Jul 2025.
160 earlier events are in the company report.
Frequently asked questions
Karad Projects and Motors is an active public limited company based in Pune, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 02 April 2001 (25+ years old) and is registered under CIN U45203PN2001PLC149623.
Karad Projects and Motors has 4 current directors:
- Ravindra Ramkrishna Samant - Managing Director
- Rama Sanjay Kirloskar - Director
- Chittaranjan Madhukar Mate - Director
- Ravindra Sharnappa Birajdar - Additional Director
The latest financial statements of Karad Projects and Motors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karad Projects and Motors is 27AADCA9556F1ZI, registered in Maharashtra. The company has 13 GST registrations in all, of which 5 are active and 8 are cancelled or inactive. Other active GSTINs include 23AADCA9556F2ZP (Madhya Pradesh), 30AADCA9556F1ZV (Goa), 27AADCA9556F2ZH (Maharashtra).
The CIN (Corporate Identification Number) of Karad Projects and Motors is U45203PN2001PLC149623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karad Projects and Motors has 43 court cases on record: 20 filed by the company and 23 filed against it. 6 are pending. Most are in the district courts.
Karad Projects and Motors was incorporated on 02 April 2001, making it 25+ years old. It is registered with the Registrar of Companies, Pune.
Karad Projects and Motors has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹34.84 Cr; the latest was in October 2013.
Ravindra Sharnappa Birajdar was appointed as Additional Director on 18 Jul 2025. Ananta Charan Das was appointed as CFO on 17 Jul 2023. Vijaykumar Vasudeo Kulkarni ceased to be CFO on 17 Jul 2023. Karad Projects and Motors has 25 board changes on record in total.
Karad Projects and Motors has 14 MSME Form 1 returns on record between 2019 and 2024, listing 161 overdue payments to 21 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Karad Projects and Motors can be reached through the website kpml.co.in. Its registered office is in Pune, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
