MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-GA-01-0003354
Kineco Limited - manufacturing in Bardez, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹248.4 Cr
▲ 38% YoY
Net profit · FY 2025
₹13.07 Cr
Net margin 5.3%
EBITDA · FY 2025
₹44.17 Cr
EBITDA margin 17.8%
Authorised capital
₹33.5 Cr
Registered with MCA
Paid-up capital
₹7.47 Cr
Issued & subscribed
Open charges
₹147.21 Cr
Satisfied ₹110.65 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
300
Provident fund records
About Kineco Limited
Data last updated:
Kineco Limited is a public limited company based in Bardez, Goa, India, a subsidiary of Helios Strategic Systems Limited. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 11 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U24134GA1994PLC001672. Its GSTIN is 30AABCM8681P1Z0 (Goa).
The company has an authorised share capital of ₹33.5 Cr and a paid-up capital of ₹7.47 Cr. It was formerly known as Kineco Private Limited. It is led by directors including Shekhar Ravindra Sardessai (Managing Director) and Pankaj Prasoon.
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 Plot No 41 Pilerne Industrial Estate Pilerne Bardez, Goa, India – 403511.
As per the financials filed for FY 2025, the company reported a revenue of ₹248.4 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹13.07 Cr (net margin 5.3%) and EBITDA of ₹44.17 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 7% over five years.
The company has about 300 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Kineco. As per MCA filings, the company has open charges of ₹147.21 Cr and satisfied charges of ₹110.65 Cr on record. Court records list 65 cases involving the company, including 11 filed by the company and 54 filed against it; 2 cases are pending. The company has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹126.91 Cr; the latest was in December 2025. Its 9 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Lit (India) Private Limited with revenue of ₹271.9 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 101 overdue payments to 11 micro and small suppliers.
Kineco Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-01-0003354). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kinecogroup.com.
Company details
CIN U24134GA1994PLC001672
Registration Number 001672
Incorporation Date 11 October 1994
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Helios Strategic Systems Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GA-01-0003354
CIN history
Kineco has one previous CIN (Corporate Identification Number): U24134GA1994PTC001672. The current CIN is U24134GA1994PLC001672, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24134GA1994PLC001672 | Current |
| U24134GA1994PTC001672 | Previous |
Key People
Shekhar Ravindra Sardessai Managing Director Vivekanand Venkataraman Pauskar Cfo Pankaj Prasoon Director Recognitions & Rankings of Kineco
Contact details
Kineco Limited's registered office is in Bardez, Goa. Its website is kinecogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 41 Pilerne Industrial Estate Pilerne Bardez, Goa, India – 403511
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Kineco Limited, buy the company report.
Comprehensive company report
Kineco 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
Kineco operates one associated brand: Kineco. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of composite products for railway, defense, aerospace, and industrial sectors | kinecogroup.com |
Business activity
The main business activity of Kineco is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Kineco Limited, buy the company report.
Financials of Kineco Limited
FY 2024 filings availableKineco Limited reported revenue of ₹248.4 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹248.4 Cr ▲ 38%
Net profit · FY 2025
₹13.07 Cr margin 5.3%
EBITDA · FY 2025
₹44.17 Cr margin 17.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 6%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 14%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 38% growth in the latest year. EBITDA rose 39% 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 | ₹44.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.07 Cr | ||||
| Balance Sheet | |||||
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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 | 17.8% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kineco Limited, buy the company report.
Board of directors and KMP of Kineco Limited
Kineco Limited currently reports 7 directors and 1 key managerial person. 27 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Prasoon Also directs: Kineco Train Tech Private Limited, Daulat Advisory Services LLP, Livprint Labs LLP and 5 more | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
| Girish Anand Desai Also directs: Catpro Gourmet Private Limited | Director | 03 Oct 2024 | 2 Years 0 Months | Current |
| Shekhar Ravindra Sardessai | Managing Director | 11 Oct 1994 | 32 Years 0 Months | Current |
| Lalit Balmukund Agrawal Also directs: Ninad Fiscal Services LLP, Dixita Fiscal Services LLP, Daulat Advisory Services LLP and 5 more | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
| Vivekanand Venkataraman Pauskar | Cfo | 18 Dec 2023 | 2 Years 10 Months | Current |
| Prashant Baburao Naik Also directs: Kineco Alte Train Technologies Private Limited | Director | 26 Sep 2007 | 19 Years 0 Months | Current |
Showing 6 of 8 current directors and KMP. View all directors and KMP
Peer comparison
Kineco Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lit (India) Private Limited | ₹271.9 Cr (FY 2025) | 159.0% | New Delhi, Delhi, India | |||
| Aristoplast Products Private Limited | ₹266.84 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Ghan Shyam Oils Private Limited | ₹260.52 Cr (FY 2025) | 58.0% | Kanpur Nagar, Uttar Pradesh, India | |||
| Saraswati Plastotech India Private Limited | ₹253.1 Cr (FY 2025) | 5.0% | Mohali, Punjab, India | |||
| Arihant Gold Plast Private Limited | ₹249.93 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Kineco Limitedthis company | ₹248.4 Cr (FY 2025) | ₹13.07 Cr | 5.3% | 38.0% | 300 | Bardez, Goa, India |
| Paramount Polymers Private Limited | ₹248.05 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Evershine Moulders Limited | ₹246.51 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Unitech Plasto Components Private Limited | ₹245.53 Cr (FY 2025) | 25.0% | Chennai, Tamil Nadu, India | |||
| J.J. Polyplast Private Limited | ₹243.23 Cr (FY 2017) | -11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Kineco Limited, buy the company report.
Auditor
Kineco Limited is audited by V.B. PRABHU VERLEKAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.B. PRABHU VERLEKAR & CO | FY 2023 | 108008W |
Shareholding
The shareholding of Kineco 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kineco Limited, buy the company report.
Charges & borrowings
Open charges
₹147.21 Cr
Satisfied charges
₹110.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2025 | 101150447 | Hdfc Bank Limited | ₹8.5 Lakh | Open | |
| 30 May 2025 | 101112762 | Axis Bank Limited | ₹15 Cr | Open | |
| 05 Nov 2024 | 101002570 | State Bank of India | ₹34.5 Lakh | Open | |
| 09 Nov 2023 | 100815348 | Hdfc Bank Limited | ₹26.47 Lakh | Open | |
| 12 Dec 2022 | 100661449 | Others | ₹71.8 Lakh | Open |
To see the full charge records of Kineco Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Kineco Limited has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹126.91 Cr; the latest was in December 2025.
Total deals
18
Secondary share transfers
12
Funding rounds
5
Rights issue
1
Disclosed funding
₹126.91 Cr
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Rights issue | ₹75.28 Cr | Investors: Prospera Aurix LLP , 3 individuals |
| Nov 2025 | Funding round | ₹4.8 Cr | Investors: White Pine Investment Management, 3 individuals |
| Jun 2024 | Funding round | ₹88 Cr | Investors: 4 individuals |
| Jun 2017 | Funding round | ₹8 Cr | Investors: Helios Strategic Systems Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Helios Strategic Systems Limited Seller: 2 individuals |
To see the full deal history of Kineco 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
Kineco Limited has 65 court cases on record: 11 filed by Kineco, 54 filed against it. 2 cases are pending and 63 are disposed.
Total cases
65
Filed by the company
11
Filed against the company
54
Pending
2
Disposed
63
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 38 | 0 |
| High courts | 24 | 16 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.Cmt Mechanised System Pvt Ltd., | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Cmt Mechanised System Pvt Ltd., | Disposed |
| Allahabad High Court | Writ petition | Filed by the company against HDFC Bank Ltd. Thru. Bank Manager , Goa and 1 other | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against CMT Mechanised System Pvt. Ltd and 4 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against CMT Mechanised System Pvt. Ltd and 4 others | Disposed |
To see the full case history of Kineco 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
Kineco Limited was last rated by Icra on 07 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Oct 2021 |
To see the full credit ratings and regulatory alerts of Kineco Limited, buy the company report.
MSME payment delays
Kineco Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 101 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Ifm Electronic India Private Limited | |||
| an individual supplier | |||
| Bluestar Sanitary Industries Private Limited |
To see the full MSME payment records of Kineco Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kineco has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kineco Alte Train Technologies Private Limited | U25190GA2010PTC006550 | |
| Kineco Kaman Composites- India Private Limited | U25203GA2012PTC007223 |
To see the full group structure of Kineco Limited, buy the company report.
Employees & EPFO
Kineco Limited has a workforce of 300 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
300
Active EPFO establishments
1
Employee growth
-5.96%
GST
Kineco has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCM8681P1Z0 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kineco Limited, buy the company report.
Recent activity
Kineco Limited has 32 board changes on record since 1994: 8 appointments and 24 cessations. The latest: Girish Anand Desai ceased to be Additional Director on 25 Sep 2025.
Charges
A charge with State Bank Of India of Rs. 50.93 Cr registered on 30 Apr 2015 with Charge ID 10574844 was modified on 15 Oct 2025.
Ceased
Girish Anand Desai ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101150447 was registered on 19 Aug 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 72.76 Cr registered on 30 Mar 2017 with Charge ID 100110696 was modified on 10 Jun 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 15.00 Cr with Charge ID 101112762 was registered on 30 May 2025.
Charges
A charge with State Bank Of India amounted to Rs. 0.35 Cr with Charge ID 101002570 was registered on 05 Nov 2024.
Appointed
Girish Anand Desai was appointed as Director.
AGM
Kineco Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Lalit Balmukund Agrawal ceased to be Additional Director.
Ceased
Pankaj Prasoon ceased to be Additional Director.
Appointed
Lalit Balmukund Agrawal was appointed as Director.
Appointed
Pankaj Prasoon was appointed as Director.
91 earlier events are in the company report.
News
Frequently asked questions
Kineco is an active public limited company based in Bardez, Goa, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 11 October 1994 (32+ years old) and is registered under CIN U24134GA1994PLC001672.
Kineco has 8 current directors and KMP:
- Shekhar Ravindra Sardessai - Managing Director
- Pankaj Prasoon - Director
- Girish Anand Desai - Director
- Lalit Balmukund Agrawal - Director
- Prashant Baburao Naik - Director
- Vinay Balasaheeb Jagtap - Director
- Rajesh Ashok Khaunte - Director
- Vivekanand Venkataraman Pauskar - Cfo
The latest financial statements of Kineco 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 Kineco is 30AABCM8681P1Z0, registered in Goa.
The CIN (Corporate Identification Number) of Kineco is U24134GA1994PLC001672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kineco has 65 court cases on record: 11 filed by the company and 54 filed against it. 2 are pending. Most are in the district courts.
Kineco was incorporated on 11 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Goa.
Kineco has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹126.91 Cr; the latest was in December 2025.
The peers of Kineco by revenue are Lit (India) Private Limited, Aristoplast Products Private Limited, Ghan Shyam Oils Private Limited, Saraswati Plastotech India Private Limited, Arihant Gold Plast Private Limited and 4 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Girish Anand Desai ceased to be Additional Director on 25 Sep 2025. Girish Anand Desai was appointed as Director on 03 Oct 2024. Lalit Balmukund Agrawal ceased to be Additional Director on 30 Sep 2024. Kineco has 32 board changes on record in total.
Yes, Kineco is registered as a medium enterprise under Udyam registration (number: UDYAM-GA-01-0003354).
Kineco has 5 MSME Form 1 returns on record between 2019 and 2020, listing 101 overdue payments to 11 micro and small suppliers. The latest return was filed on 06 Nov 2020.