MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-26-0021843
Karmic Design Private Limited - engineering in Manipal, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹58.24 Cr
▲ 54% YoY
Net profit · FY 2025
₹17.32 Cr
Net margin 29.7%
EBITDA · FY 2025
₹23.07 Cr
EBITDA margin 39.6%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹9.92 Lakh
Issued & subscribed
Satisfied charges
₹17 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
162
Provident fund records
About Karmic Design Private Limited
Data last updated:
Karmic Design Private Limited is a private limited company based in Manipal, Karnataka, India. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 22 February 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31200KA1999PTC024802. Its GSTIN is 29AABCK4659F1ZC (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9.92 Lakh. It was formerly known as Karnataka Microelectronic Design Centre Private Limited. It is led by directors including Dilipa Mogaveera and Gajanan Shanbhag.
Its last annual general meeting (AGM) was held on 09 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4/505(C&C1) 80 Badagabettu Rajeev Nagar Alevoor Road, Manipal, Karnataka, India – 576104.
As per the financials filed for FY 2025, the company reported a revenue of ₹58.24 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹17.32 Cr (net margin 29.7%) and EBITDA of ₹23.07 Cr (EBITDA margin 39.6%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 23% over five years.
The company has about 162 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: KarMic Design. As per MCA filings, the company has satisfied charges of ₹17 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Karmic Design Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-26-0021843). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karmic.co.in.
Company details
CIN U31200KA1999PTC024802
Registration Number 024802
Incorporation Date 22 February 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 09 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-26-0021843
Recognitions & Rankings of Karmic Design
Contact details
Karmic Design Private Limited's registered office is in Manipal, Karnataka. Its website is karmic.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4/505(C&C1) 80 Badagabettu Rajeev Nagar Alevoor Road, Manipal, Karnataka, India – 576104
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Karmic Design Private Limited, buy the company report.
Comprehensive company report
Karmic Design 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
Karmic Design operates one associated brand: KarMic Design. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| KarMic Design provides expert services in analog, mixed-signal, and RF engineering solutions. | karmic.co.in |
Business activity
The main business activity of Karmic Design is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Karmic Design Private Limited, buy the company report.
Financials of Karmic Design Private Limited
FY 2025 filings availableKarmic Design Private Limited reported revenue of ₹58.24 Cr (up 54% YoY) for FY 2025.
Revenue · FY 2025
₹58.24 Cr ▲ 54%
Net profit · FY 2025
₹17.32 Cr margin 29.7%
EBITDA · FY 2025
₹23.07 Cr margin 39.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 31%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 38%
5 years · compounded
▲ 54%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 54% growth in the latest year. EBITDA rose 107% 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 |
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| EBITDA | ₹23.07 Cr | ||||
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| Net Profit (PAT) | ₹17.32 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 39.6% | ||||
| Net Profit Margin | 29.7% | ||||
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To see the full financial statements and ratios of Karmic Design Private Limited, buy the company report.
Board of directors of Karmic Design Private Limited
Karmic Design has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilipa Mogaveera | Director | 12 Nov 2022 | 3 Years 11 Months | Current |
| Gajanan Shanbhag | Director | 12 Nov 2022 | 3 Years 11 Months | Current |
| Bankapur Lokanath Gururaj | Director | 12 Nov 2022 | 3 Years 11 Months | Current |
| Rathnakar Subramanya Bhat | Director | 12 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Karmic Design Private Limited is audited by BASAVARAJ M. BALAGERI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BASAVARAJ M. BALAGERI | FY 2023 | 021895 |
Shareholding
The shareholding of Karmic Design 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 Karmic Design Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹17 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2019 | 100313624 | Syndicate Bank | ₹2 Cr | Satisfied | |
| 22 Nov 2019 | 100312140 | Hdfc Bank Limited | ₹5 Cr | Satisfied | |
| 05 May 2017 | 100242644 | Hdfc Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Karmic Design Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Karmic Design Private Limited has 2 court cases on record: 2 filed by Karmic Design. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UDUPI, Karnataka | Civil suit | Filed by the company against The District Officer, the Backward Classes and the Minority Department and 1 other | Pending |
| District court, UDUPI, Karnataka | Civil suit | Filed by the company against The District Officer, the Backward Classes and the Minority Department and 1 other | Disposed |
To see the full case history of Karmic Design 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 Karmic Design Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karmic Design has 2 subsidiary companies and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
3
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Karmic Embedded Private Limited | U32100KA2018PTC116521 | |
| Rubicon Microelectronic Design Centre Private Limited | U32104KA2007PTC041420 |
To see the full group structure of Karmic Design Private Limited, buy the company report.
Employees & EPFO
Karmic Design Private Limited has a workforce of 162 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
162
Active EPFO establishments
1
Employee growth
32.79%
GST
Karmic Design has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCK4659F1ZC | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karmic Design Private Limited, buy the company report.
Recent activity
Karmic Design Private Limited has 18 board changes on record since 2008: 4 appointments and 14 cessations. The latest: Bankapur Lokanath Gururaj was appointed as Director on 12 Nov 2022.
AGM
Karmic Design Private Limited last Annual general meeting of members was held on 09 Aug 2025 as per latest MCA records.
Filing
Karmic Design Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Bankapur Lokanath Gururaj was appointed as Director.
Appointed
Dilipa Mogaveera was appointed as Director.
Appointed
Gajanan Shanbhag was appointed as Director.
Appointed
Rathnakar Subramanya Bhat was appointed as Director.
Charges
A charge registered on 13 Dec 2019 via Charge ID 100313624 with Syndicate Bank was fully satisfied on 21 Sep 2022.
Ceased
Prakash Shenoy ceased to be Additional Director.
Ceased
Puneeth Kumar ceased to be Additional Director.
Ceased
Madan Bilagi ceased to be Director.
Charges
A charge registered on 22 Nov 2019 via Charge ID 100312140 with Hdfc Bank Limited was fully satisfied on 06 Nov 2020.
Charges
A charge with Syndicate Bank amounted to Rs. 200.00 Lakh with Charge ID 100313624 was registered on 13 Dec 2019.
15 earlier events are in the company report.
Frequently asked questions
Karmic Design is an active private limited company based in Manipal, Karnataka, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 22 February 1999 (27+ years old) and is registered under CIN U31200KA1999PTC024802.
Karmic Design has 4 current directors:
- Dilipa Mogaveera - Director
- Gajanan Shanbhag - Director
- Bankapur Lokanath Gururaj - Director
- Rathnakar Subramanya Bhat - Director
The latest financial statements of Karmic Design on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karmic Design is 29AABCK4659F1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Karmic Design is U31200KA1999PTC024802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karmic Design has 2 court cases on record: 2 filed by the company. 1 is pending.
Karmic Design was incorporated on 22 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Bankapur Lokanath Gururaj was appointed as Director on 12 Nov 2022. Dilipa Mogaveera was appointed as Director on 12 Nov 2022. Gajanan Shanbhag was appointed as Director on 12 Nov 2022. Karmic Design has 18 board changes on record in total.
Yes, Karmic Design is registered as a small enterprise under Udyam registration (number: UDYAM-KR-26-0021843).
Karmic Design can be reached through the website karmic.co.in. Its registered office is in Manipal, Karnataka, India.