Fortune MNC 500 India 2026 edition
Rank#421- Total income
- ₹560 Cr
- Profit
- ₹82 Cr
Konecranes and Demag Private Limited - machinery and equipment in Purandar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹544.17 Cr
▲ 6% YoY
Net profit · FY 2025
₹81.61 Cr
Net margin 15%
EBITDA · FY 2025
₹126.5 Cr
EBITDA margin 23.2%
Authorised capital
₹44 Cr
Registered with MCA
Paid-up capital
₹30.27 Cr
Issued & subscribed
Satisfied charges
₹127 Cr
No open charges
Company age
51 yrs
Est. 1975
Employees · EPFO
928
Provident fund records
About Konecranes and Demag Private Limited
Data last updated:
Konecranes and Demag Private Limited is a private limited company based in Purandar, Maharashtra, India, a subsidiary of Konecranes Finance Corporation, The Holding Company. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 October 1975 and has been in existence for over 51 years.
Konecranes and Demag is ranked #421 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74210PN1975PTC148965. Its GSTIN is 27AAACW0328C1ZT (Maharashtra). The company holds 18 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹44 Cr and a paid-up capital of ₹30.27 Cr. It was formerly known as Wmi Konecranes India Private Limited and Konecranes Private Limited. It is led by directors including Tausif Mohammad Ismail Kagad (Managing Director) and Juha Markus Vanhanen.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. D – 16 MIDC Jejuri, Taluka Purandar, Maharashtra, India – 412303.
As per the financials filed for FY 2025, the company reported a revenue of ₹544.17 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹81.61 Cr (net margin 15%) and EBITDA of ₹126.5 Cr (EBITDA margin 23.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 1% over five years.
The company has about 928 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹127 Cr on record. Court records list 29 cases involving the company, including 12 filed by the company and 17 filed against it; 7 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹159.06 Cr; the latest was in January 2017. Its 8 peer companies in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 4 smaller; the largest is Kion India Private Limited with revenue of ₹692.9 Cr. The company has 7 MSME Form 1 returns on record between 2020 and 2024, listing 8,820 overdue payments to 226 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 konecranes.in.
Company details
CIN U74210PN1975PTC148965
Registration Number 148965
Incorporation Date 06 October 1975
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Konecranes Finance Corporation, The Holding Company
Compliance Status Active Compliant
Name history
Konecranes and Demag has undergone 4 name changes throughout its history. The current legal name is Konecranes And Demag Private Limited.
| Company Name | Status |
|---|---|
| Konecranes and Demag Private Limited | Current |
| Wmi Konecranes India Private Limited | Previous |
| Konecranes Private Limited | Previous |
| Wmi Konecranes India Limited | Previous |
| Wmi Cranes Limited | Previous |
CIN history
Konecranes and Demag has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74210PN1975PTC148965, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210PN1975PTC148965 | Current |
| U74210MH1975PLC018585 | Previous |
| U74210PN1975PLC148965 | Previous |
Key People
Tausif Mohammad Ismail Kagad Managing Director Juha Markus Vanhanen Director Marko Tapani Tulokas Director Recognitions & Rankings of Konecranes and Demag
Contact details
Konecranes and Demag Private Limited's registered office is in Purandar, Maharashtra. Its website is konecranes.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. D – 16 MIDC Jejuri, Taluka Purandar, Maharashtra, India – 412303
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Konecranes and Demag Private Limited, buy the company report.
Comprehensive company report
Konecranes and Demag 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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Business activity
The main business activities of Konecranes and Demag are manufacturing, trade and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, retail trading and architecture, engineering activities, technical testing and analysis activities. 3 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Konecranes and Demag Private Limited, buy the company report.
Financials of Konecranes and Demag Private Limited
FY 2025 filings availableKonecranes and Demag Private Limited reported revenue of ₹544.17 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹544.17 Cr ▲ 6%
Net profit · FY 2025
₹81.61 Cr margin 15%
EBITDA · FY 2025
₹126.5 Cr margin 23.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 9%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 57%
3 years · compounded
▲ 39%
5 years · compounded
▲ 76%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 6% growth in the latest year. EBITDA rose 57% 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 | ₹126.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.61 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 | 23.2% | ||||
| Net Profit Margin | 15% | ||||
| 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 Konecranes and Demag Private Limited, buy the company report.
Board of directors of Konecranes and Demag Private Limited
Konecranes and Demag has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Juha Markus Vanhanen | Director | 17 Feb 2011 | 15 Years 8 Months | Current |
| Marko Tapani Tulokas | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Sirpa Talvikki Poitsalo | Director | 17 Feb 2011 | 15 Years 8 Months | Current |
| Tausif Mohammad Ismail Kagad Also directs: Voima Cranes & Components Private Limited | Managing Director | 30 Dec 2023 | 2 Years 10 Months | Current |
| Ravin Wadhawan Also directs: Voima Cranes & Components Private Limited | Director | 01 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Konecranes and Demag Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kion India Private Limited | ₹692.9 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| JCB Industries Private Limited | ₹639.24 Cr (FY 2025) | 75.0% | New Delhi, Delhi, India | |||
| Manitou Equipment India Private Limited | ₹583.34 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Qlar Technology India Private Limited | ₹555.72 Cr (FY 2025) | -17.0% | Bangalore, Karnataka, India | |||
| Konecranes and Demag Private Limitedthis company | ₹544.17 Cr (FY 2025) | ₹81.61 Cr | 15% | 6.0% | 928 | Purandar, Maharashtra, India |
| Macmet Engineering Limited | ₹450.14 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Tal Manufacturing Solutions Limited | ₹436.94 Cr (FY 2019) | 29.0% | Pune, Maharashtra, India | |||
| Montanari Lifts Components Private Limited | ₹398.04 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Cu-Built Engineers Private Limited | ₹375.07 Cr (FY 2025) | -12.0% | Pcntda, Bhosari, Pune - 411026, Maharashtra, India |
To see the full peer comparison of Konecranes and Demag Private Limited, buy the company report.
Auditor
Konecranes and Demag Private Limited is audited by P G Bhagwat LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G Bhagwat LLP | FY 2024 | 101118W/W100682 |
Shareholding
The shareholding of Konecranes and Demag Private 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Konecranes and Demag Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹127 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2006 | 10017669 | Ing Vysya Bank Limited | ₹9 Cr | Satisfied | |
| 07 Aug 1997 | 80010837 | Ing Vysya Bank Limited | ₹30 Cr | Satisfied | |
| 03 Nov 1995 | 80044317 | The Vysya Bank Limited | ₹1.5 Cr | Satisfied | |
| 03 Nov 1995 | 80044318 | Ing Vysya Bank Limited | ₹86.5 Cr | Satisfied |
To see the full charge records of Konecranes and Demag Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Konecranes and Demag Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹159.06 Cr; the latest was in January 2017.
Total deals
5
Funding rounds
2
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹159.06 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Funding round | ₹145.06 Cr | Investors: Konecranes Finance Corporation |
| Mar 2014 | Rights issue | ₹125 Cr | Investors: Konecranes Finance Corporation, KCI Cranes Holding (Singapore) Pte Limited |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: Konecranes Finance Corporation, Konecranes Sweden Holding Ab, Konecranes Service Corporation Seller: Granada Investments & Finance Private Limited , 3 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Konecranes Finance Corporation, an individual Seller: Granada Investments & Finance Private Limited , 3 individuals |
| Feb 2011 | Funding round | ₹14 Cr | Investors: Konecranes Finance Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Konecranes and Demag Private Limited has 29 court cases on record: 12 filed by Konecranes and Demag, 17 filed against it. 7 cases are pending and 22 are disposed.
Total cases
29
Filed by the company
12
Filed against the company
17
Pending
7
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 3 |
| High courts | 12 | 3 | 4 |
| Supreme Court | 3 | 3 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by G. D. India Private Limited | Pending |
| NCLT, Mumbai | Company petition | Filed by the company against Voima Cranes & Components Private Limited and 2 others | Disposed |
| High Court | Appeal | Filed by the company against G D India Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Datamatics Global Services Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against G.D.India Private Limited | Disposed |
To see the full case history of Konecranes and Demag 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
Konecranes and Demag Private Limited has 7 MSME Form 1 returns on record between 2020 and 2024, listing 8,820 overdue payments to 226 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 226)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Smisen Controls Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| K.V. Steel and Pipes Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Konecranes and Demag Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Konecranes and Demag has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Voima Cranes & Components Private Limited | U29309PN2017PTC167848 |
To see the full group structure of Konecranes and Demag Private Limited, buy the company report.
Employees & EPFO
Konecranes and Demag Private Limited has a workforce of 928 employees on its EPFO records as of Dec 13, 2024, across 1 active EPFO establishment.
Employee count
928
Active EPFO establishments
1
Employee growth
6.67%
GST
Konecranes and Demag has 18 GST registrations: 3 active and 15 cancelled or inactive.
Total GSTINs
18
Active
3
Cancelled / inactive
15
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0328C1ZT | Maharashtra | Active | 01 Jul 2017 |
| 27AAACW0328C2ZS | Maharashtra | Active | 06 Sep 2017 |
| 33AAACW0328C4ZX | Tamil Nadu | Active | 17 Feb 2020 |
To see the full GST registrations and return filing status of Konecranes and Demag Private Limited, buy the company report.
Recent activity
Konecranes and Demag Private Limited has 15 board changes on record since 2011: 5 appointments and 10 cessations. The latest: Tausif Mohammad Ismail Kagad was appointed as Managing Director on 30 Dec 2023.
AGM
Konecranes And Demag Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Konecranes And Demag Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Tausif Mohammad Ismail Kagad was appointed as Managing Director.
Appointed
Ravin Wadhawan was appointed as Director.
Ceased
Puneet Sharma ceased to be Additional Director.
Ceased
Yogesh Godse ceased to be Additional Director.
Ceased
Sudhir Loknath Kanchan ceased to be Additional Director.
Ceased
Suhas Gangadhar Baxi ceased to be Managing Director.
Appointed
Marko Tapani Tulokas was appointed as Director.
Ceased
Saeesh Madan Nevrekar ceased to be Additional Director.
Ceased
Sami Kalle Korpela ceased to be Managing Director.
Charges
A charge registered on 14 Aug 2006 via Charge ID 10017669 with Ing Vysya Bank Limited was fully satisfied on 20 Mar 2012.
18 earlier events are in the company report.
Frequently asked questions
Konecranes and Demag is an active private limited company based in Purandar, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 October 1975 (51+ years old) and is registered under CIN U74210PN1975PTC148965.
Konecranes and Demag has 5 current directors:
- Tausif Mohammad Ismail Kagad - Managing Director
- Juha Markus Vanhanen - Director
- Marko Tapani Tulokas - Director
- Sirpa Talvikki Poitsalo - Director
- Ravin Wadhawan - Director
The latest financial statements of Konecranes and Demag on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Konecranes and Demag is 27AAACW0328C1ZT, registered in Maharashtra. The company has 18 GST registrations in all, of which 3 are active and 15 are cancelled or inactive. Other active GSTINs include 27AAACW0328C2ZS (Maharashtra), 33AAACW0328C4ZX (Tamil Nadu).
The CIN (Corporate Identification Number) of Konecranes and Demag is U74210PN1975PTC148965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Konecranes and Demag has 29 court cases on record: 12 filed by the company and 17 filed against it. 7 are pending. Most are in the district courts.
Konecranes and Demag was incorporated on 06 October 1975, making it 51+ years old. It is registered with the Registrar of Companies, Pune.
Konecranes and Demag has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹159.06 Cr; the latest was in January 2017.
The peers of Konecranes and Demag by revenue are Kion India Private Limited, JCB Industries Private Limited, Manitou Equipment India Private Limited, Qlar Technology India Private Limited, Macmet Engineering Limited and 3 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Tausif Mohammad Ismail Kagad was appointed as Managing Director on 30 Dec 2023. Ravin Wadhawan was appointed as Director on 01 Jun 2023. Puneet Sharma ceased to be Additional Director on 09 Jan 2021. Konecranes and Demag has 15 board changes on record in total.
Konecranes and Demag has 7 MSME Form 1 returns on record between 2020 and 2024, listing 8,820 overdue payments to 226 micro and small suppliers. The latest return was filed on 22 May 2024.
Konecranes and Demag can be reached through the website konecranes.in. Its registered office is in Purandar, Maharashtra, India.
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