MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0112892
Karma Steels Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.11 Cr
▲ 124% YoY
Net profit · FY 2025
₹2.35 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹11.96 Lakh
EBITDA margin 5.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹67 Lakh
Secured borrowings
Company age
38 yrs
Est. 1988
Directors on board
3
As per MCA filings
About Karma Steels Private Limited
Data last updated:
Karma Steels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 08 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27108MH1988PTC045814. Its GSTIN is 27AAACK1580C1ZX (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Kirtikumar Satyavrat Kamdar and Meena Kirtikumar Kamdar.
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 502 Satya Sadan Bhimani Street Matunga (E), Mumbai, Maharashtra, India – 400019.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.11 Cr, a growth of 124% compared to the previous year. For the same year it recorded a net profit of ₹2.35 Lakh (net margin 1.1%) and EBITDA of ₹11.96 Lakh (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 16% over five years.
The company is associated with 1 brand: Karma Steels. As per MCA filings, the company has open charges of ₹67 Lakh on record.
Karma Steels Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0112892). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karmasteels.com.
Company details
CIN U27108MH1988PTC045814
Registration Number 045814
Incorporation Date 08 January 1988
ROC Mumbai
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 Micro
Udyam Registration UDYAM-MH-19-0112892
Key People
Kirtikumar Satyavrat Kamdar Director Meena Kirtikumar Kamdar Director Karan Kirtikumar Kamdar Additional Director Recognitions & Rankings of Karma Steels
Contact details
Karma Steels Private Limited's registered office is in Mumbai, Maharashtra. Its website is karmasteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address502 Satya Sadan Bhimani Street Matunga (E), Mumbai, Maharashtra, India – 400019
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Karma Steels Private Limited, buy the company report.
Comprehensive company report
Karma Steels 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
Karma Steels operates one associated brand: Karma Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Custom forgings manufacturing for industrial sectors is undertaken by Karma Steels in India. | karmasteels.com |
Business activity
The main business activity of Karma Steels is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. |
To see the full business activity and turnover split of Karma Steels Private Limited, buy the company report.
Financials of Karma Steels Private Limited
FY 2025 filings availableKarma Steels Private Limited reported revenue of ₹2.11 Cr (up 124% YoY) for FY 2025.
Revenue · FY 2025
₹2.11 Cr ▲ 124%
Net profit · FY 2025
₹2.35 Lakh margin 1.1%
EBITDA · FY 2025
₹11.96 Lakh margin 5.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 124%
3 years · compounded
▲ 33%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 211%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 124% growth in the latest year. EBITDA rose 29% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.35 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 Karma Steels Private Limited, buy the company report.
Board of directors of Karma Steels Private Limited
Karma Steels has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirtikumar Satyavrat Kamdar | Director | 08 Jan 1988 | 38 Years 10 Months | Current |
| Meena Kirtikumar Kamdar Also directs: 1 Martian Way Industries Private Limited | Director | 08 Jan 1988 | 38 Years 10 Months | Current |
| Karan Kirtikumar Kamdar Also directs: 1 Martian Way Industries Private Limited | Additional Director | 10 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Karma Steels Private Limited is audited by Hitesh H. Damania & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hitesh H. Damania & Co. | FY 2023 | 147429 |
Shareholding
The shareholding of Karma Steels 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 Karma Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹67 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2020 | 100394224 | Bank of India | ₹7 Lakh | Open | |
| 08 Nov 2004 | 80033595 | Bank of India | ₹60 Lakh | Open |
To see the full charge records of Karma Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Karma Steels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Karma Steels Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| A to Z Steelloys Private Limited |
To see the full MSME payment records of Karma Steels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Karma Steels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK1580C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karma Steels Private Limited, buy the company report.
Recent activity
Karma Steels Private Limited has 3 board changes on record since 1988: 3 appointments. The latest: Karan Kirtikumar Kamdar was appointed as Additional Director on 10 Jun 2025.
AGM
Karma Steels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Bank Of India of Rs. 60.00 Lakh registered on 08 Nov 2004 with Charge ID 80033595 was modified on 22 Aug 2025.
Appointed
Karan Kirtikumar Kamdar was appointed as Additional Director.
Filing
Karma Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Bank Of India amounted to Rs. 7.00 Lakh with Charge ID 100394224 was registered on 30 May 2020.
Charges
A charge with Bank Of India amounted to Rs. 60.00 Lakh with Charge ID 80033595 was registered on 08 Nov 2004.
Appointed
Kirtikumar Satyavrat Kamdar was appointed as Director.
Appointed
Meena Kirtikumar Kamdar was appointed as Director.
Incorporation
08 Jan 1988
Karma Steels Private Limited was registered on 08 Jan 1988 with Roc Mumbai & aged 38 years 10 months as per MCA records.
Frequently asked questions
Karma Steels is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 08 January 1988 (38+ years old) and is registered under CIN U27108MH1988PTC045814.
Karma Steels has 3 current directors:
- Kirtikumar Satyavrat Kamdar - Director
- Meena Kirtikumar Kamdar - Director
- Karan Kirtikumar Kamdar - Additional Director
The latest financial statements of Karma Steels 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 2015 are in the company report.
The GSTIN of Karma Steels is 27AAACK1580C1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Karma Steels is U27108MH1988PTC045814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karma Steels was incorporated on 08 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Karan Kirtikumar Kamdar was appointed as Additional Director on 10 Jun 2025. Kirtikumar Satyavrat Kamdar was appointed as Director on 08 Jan 1988. Meena Kirtikumar Kamdar was appointed as Director on 08 Jan 1988.
Yes, Karma Steels is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0112892).
Karma Steels has 10 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Oct 2023.
Karma Steels can be reached through the website karmasteels.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Karma Steels is at 502 Satya Sadan Bhimani Street Matunga E, Mumbai, Maharashtra, India – 400019.
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