MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0139117
PRIVATE_LIMITED.webp)
Karneet Enterprises(India)Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39.7 Cr
▼ 44.11% YoY
Net profit · FY 2024
₹65.13 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹3.66 Cr
EBITDA margin 9.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹84.16 Cr
Satisfied ₹142.66 Cr
Company age
32 yrs
Est. 1994
Directors on board
2
As per MCA filings
About Karneet Enterprises(India)Private Limited
Data last updated:
Karneet Enterprises(India)Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business process outsourcing sector. It was incorporated on 25 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27100KA1994PTC015553. Its GSTIN is 29AAACK7135P1ZZ (Karnataka). The company holds 12 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Peeyush Jain (Managing Director) and Karneet Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 44/3 Race Corse Road Fair Field Lay Out Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.7 Cr. For the same year it recorded a net profit of ₹65.13 Lakh (net margin 1.6%) and EBITDA of ₹3.66 Cr (EBITDA margin 9.2%).
The company is associated with 1 brand: Mallinath Group. As per MCA filings, the company has open charges of ₹84.16 Cr and satisfied charges of ₹142.66 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Karneet Enterprises(India)Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0139117). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mallinathgroup.com.
Company details
CIN U27100KA1994PTC015553
Registration Number 015553
Incorporation Date 25 April 1994
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0139117
Recognitions & Rankings of Karneet Enterprises(India)
Contact details
Karneet Enterprises(India)Private Limited's registered office is in Bangalore, Karnataka. Its website is mallinathgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address44/3 Race Corse Road Fair Field Lay Out Bangalore, Karnataka, India – 560001
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Karneet Enterprises(India)Private Limited, buy the company report.
Comprehensive company report
Karneet Enterprises(India)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
Karneet Enterprises(India) operates one associated brand: Mallinath Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Marketing chemicals, fertilizers, and offering BPO and logistics services globally. | mallinathgroup.com |
Business activity
The main business activity of Karneet Enterprises(India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Karneet Enterprises(India)Private Limited, buy the company report.
Financials of Karneet Enterprises(India)Private Limited
FY 2024 filings availableKarneet Enterprises(India)Private Limited reported revenue of ₹39.7 Cr for FY 2024.
Revenue · FY 2024
₹39.7 Cr
Net profit · FY 2024
₹65.13 Lakh margin 1.6%
EBITDA · FY 2024
₹3.66 Cr margin 9.2%
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹65.13 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 Karneet Enterprises(India)Private Limited, buy the company report.
Board of directors of Karneet Enterprises(India)Private Limited
Karneet Enterprises(India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karneet Jain | Additional Director | 07 Jul 2017 | 9 Years 4 Months | Current |
| Peeyush Jain | Managing Director | 25 Apr 1994 | 32 Years 6 Months | Current |
Peer comparison
Karneet Enterprises(India)Private Limited is compared with the 4 companies closest to it by revenue in the Outsourcing industry (Chemical Retail and Distribution, Diversified BPO), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Craftchem Overseas Private Limited | ₹39.78 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| H&R India Sales Private Limited | ₹39.73 Cr (FY 2025) | 52.0% | Thane, Maharashtra, India | |||
| Karneet Enterprises(India)Private Limitedthis company | ₹39.7 Cr (FY 2024) | ₹65.13 Lakh | 1.6% | Bangalore, Karnataka, India | ||
| Ama Agencies Private Limited | ₹39.67 Cr (FY 2024) | -42.0% | Ahmedabad, Gujarat, India | |||
| Karansar Industries Private Limited | ₹39.56 Cr (FY 2025) | -12.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Karneet Enterprises(India)Private Limited, buy the company report.
Auditor
Karneet Enterprises(India)Private Limited is audited by L K Kathare & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L K Kathare & Co | FY 2023 | 001672S |
Shareholding
The shareholding of Karneet Enterprises(India)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 Karneet Enterprises(India)Private Limited, buy the company report.
Charges & borrowings
Open charges
₹84.16 Cr
Satisfied charges
₹142.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2024 | 100943884 | Karnataka Bank Ltd. | ₹84.16 Cr | Open | |
| 18 Apr 2022 | 100567637 | Hdfc Bank Limited | ₹3.99 Cr | Satisfied | |
| 31 Jul 2020 | 100356689 | Hdfc Bank Limited | ₹4.5 Cr | Satisfied | |
| 08 Jul 2020 | 100356688 | Hdfc Bank Limited | ₹5 Cr | Satisfied | |
| 05 Mar 2015 | 10568390 | Hdfc Bank Limited | ₹117.5 Cr | Satisfied |
To see the full charge records of Karneet Enterprises(India)Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Karneet Enterprises(India)Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Karneet Enterprises(India)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 Karneet Enterprises(India)Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karneet Enterprises(India) has 12 GST registrations: 5 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
5
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK7135P1ZZ | Karnataka | Active | 01 Jul 2017 |
| 24AAACK7135P1Z9 | Gujarat | Active | 01 Jul 2017 |
| 27AAACK7135P1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACK7135P2Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karneet Enterprises(India)Private Limited, buy the company report.
Recent activity
Karneet Enterprises(India)Private Limited has 5 board changes on record since 1994: 2 appointments and 3 cessations. The latest: Jain Namrata ceased to be Director on 01 Dec 2025.
Ceased
Jain Namrata ceased to be Director.
Charges
A charge with Karnataka Bank Ltd. of Rs. 84.16 Cr registered on 13 Jun 2024 with Charge ID 100943884 was modified on 12 Sep 2025.
AGM
Karneet Enterprises(India)Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 84.16 Cr with Charge ID 100943884 was registered on 13 Jun 2024.
Charges
A charge registered on 18 Apr 2022 via Charge ID 100567637 with Hdfc Bank Limited was fully satisfied on 12 Jun 2024.
Charges
A charge registered on 31 Jul 2020 via Charge ID 100356689 with Hdfc Bank Limited was fully satisfied on 12 Jun 2024.
Charges
A charge registered on 08 Jul 2020 via Charge ID 100356688 with Hdfc Bank Limited was fully satisfied on 12 Jun 2024.
Charges
A charge registered on 05 Mar 2015 via Charge ID 10568390 with Hdfc Bank Limited was fully satisfied on 12 Jun 2024.
Filing
Karneet Enterprises(India)Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 3.99 Cr registered on 18 Apr 2022 with Charge ID 100567637 was modified on 05 Sep 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 117.50 Cr registered on 05 Mar 2015 with Charge ID 10568390 was modified on 02 Jun 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.99 Cr with Charge ID 100567637 was registered on 18 Apr 2022.
18 earlier events are in the company report.
Frequently asked questions
Karneet Enterprises(India) is an active private limited company based in Bangalore, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 25 April 1994 (32+ years old) and is registered under CIN U27100KA1994PTC015553.
Karneet Enterprises(India) has 2 current directors:
- Peeyush Jain - Managing Director
- Karneet Jain - Additional Director
The latest financial statements of Karneet Enterprises(India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karneet Enterprises(India) is 29AAACK7135P1ZZ, registered in Karnataka. The company has 12 GST registrations in all, of which 5 are active and 7 are cancelled or inactive. Other active GSTINs include 24AAACK7135P1Z9 (Gujarat), 27AAACK7135P1Z3 (Maharashtra), 33AAACK7135P2Z9 (Tamil Nadu).
The CIN (Corporate Identification Number) of Karneet Enterprises(India) is U27100KA1994PTC015553. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karneet Enterprises(India) has 1 court case on record: 1 filed against it.
Karneet Enterprises(India) was incorporated on 25 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Karneet Enterprises(India) by revenue are Craftchem Overseas Private Limited, H&R India Sales Private Limited, Ama Agencies Private Limited, Karansar Industries Private Limited, all in the Outsourcing industry (Chemical Retail and Distribution, Diversified BPO), with the same principal business activity (wholesale trading).
Jain Namrata ceased to be Director on 01 Dec 2025. Kanta Jain ceased to be Director on 30 May 2019. Karneet Jain was appointed as Additional Director on 07 Jul 2017. Karneet Enterprises(India) has 5 board changes on record in total.
Yes, Karneet Enterprises(India) is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0139117).
Karneet Enterprises(India) can be reached through the website mallinathgroup.com. Its registered office is in Bangalore, Karnataka, India.
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