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Korrex Sealing Solutions Private Limited - fabrication in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2024
₹2.45 Cr
▲ 53% YoY
Net profit · FY 2024
₹4.04 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹5.45 Lakh
EBITDA margin 2.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Korrex Sealing Solutions Private Limited
Data last updated:
Korrex Sealing Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the metal fabrication segment of the fabrication and metalwork sector. It was incorporated on 03 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28994KA2020PTC138062.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ponnappa Devaiah Allapanda and Michale Chirstopher Antony Savari Regan.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.45 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹4.04 Lakh (net margin 1.6%) and EBITDA of ₹5.45 Lakh (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 199% over three years.
Korrex Sealing Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0027714). For more details, the company can be reached via its website korrex.in.
Company Details of Korrex Sealing Solutions Private Limited
CIN U28994KA2020PTC138062
Registration Number 138062
Incorporation Date 03 September 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0027714
Key People
Ponnappa Devaiah Allapanda Director Michale Chirstopher Antony Savari Regan Director Antony Savari Regan Sudha Director Recognitions & Rankings of Korrex Sealing Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0027714
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShed No 1 Sy No 69/6 Site No 2&6 Ground Floor, 1st Main Road Sharadambanagar, Bangalore, Karnataka, India – 560013
- IndustryFabrication, Metal Fabricated Products, Manufacturing
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- Historical financials and ratios
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Business Activity
The main business activity of Korrex Sealing Solutions is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Korrex Sealing Solutions Private Limited
FY 2025 filings availableKorrex Sealing Solutions Private Limited reported revenue of ₹2.45 Cr (up 53% YoY) for FY 2024.
Revenue · FY 2024
₹2.45 Cr ▲ 53%
Net profit · FY 2024
₹4.04 Lakh margin 1.6%
EBITDA · FY 2024
₹5.45 Lakh margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 199%
EBITDA CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 162%
Revenue has grown at a compounded annual rate (CAGR) of 199% over three years, including 53% growth in the latest year. EBITDA rose 54% 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 2023-24 | FY 2020-21 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹5.45 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹4.04 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 2023-24 | FY 2020-21 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.2% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Korrex Sealing Solutions are in the company report.
: available in the company report
Board of Directors of Korrex Sealing Solutions Private Limited
Korrex Sealing Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ponnappa Devaiah Allapanda Also directs: Agris2 Private Limited | Director | 21 Dec 2020 | 5 Years 10 Months | Current |
| Michale Chirstopher Antony Savari Regan Also directs: Toprich Elastomers Private Limited | Director | 21 Dec 2020 | 5 Years 10 Months | Current |
| Antony Savari Regan Sudha Also directs: Toprich Elastomers Private Limited | Director | 03 Sep 2020 | 6 Years 1 Months | Current |
Peer Comparison
Korrex Sealing Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adinath Prime Developers Private Limited | ₹2.46 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Mandsaur, Madhya Pradesh, India |
| KC Windoors India Private Limited | ₹2.45 Cr (FY 2016) | •••• | •••• | -11.0% | •••• | Bangalore, Karnataka, India |
| Unistar Poly-Pet Industries Private Limited | ₹2.45 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Mumbai, Maharashtra, India |
| Western Metaflux Private Limited | ₹2.45 Cr (FY 2022) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Ess Flexi Tubes Private Limited | ₹2.45 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Bangalore, Karnataka, India |
| Korrex Sealing Solutions Private Limited this company | ₹2.45 Cr (FY 2024) | •••• | •••• | 53.0% | •••• | Bangalore, Karnataka, India |
| Win Moldplast Private Limited | ₹2.45 Cr (FY 2021) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Nexstar Extrusions Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Mangalore, Karnataka, India |
| R.S. Polyfilms Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Kanpur, Uttar Pradesh, India |
| Mithson Sealing Solutions Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 463121.0% | •••• | Chennai, Tamil Nadu, India |
| Mtpi Technologies Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Korrex Sealing Solutions by revenue, above and below it, in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings
Korrex Sealing Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Korrex Sealing Solutions.
: available in the company report
Recent Activity
Korrex Sealing Solutions Private Limited has 8 board changes on record since 2020: 4 appointments and 4 cessations. The latest: Ponnamma Allapanda Devaiah ceased to be Additional Director on 03 Mar 2025.
AGM
Korrex Sealing Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Korrex Sealing Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ponnamma Allapanda Devaiah ceased to be Additional Director.
Appointed
Ponnamma Allapanda Devaiah was appointed as Additional Director.
Ceased
Allapanda Devaiah Bollamma ceased to be Director.
Ceased
Chetana Sharad Kulkarni ceased to be Director.
Ceased
Sharad Ganesh Kulkarni ceased to be Director.
Appointed
Michale Chirstopher Antony Savari Regan was appointed as Director.
Appointed
Ponnappa Devaiah Allapanda was appointed as Director.
Appointed
Antony Savari Regan Sudha was appointed as Director.
Incorporation
03 Sep 2020
Korrex Sealing Solutions Private Limited was registered on 03 Sep 2020 with Roc Bangalore & aged 6 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Korrex Sealing Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in metal fabricated products, within the fabrication industry. It was incorporated on 03 September 2020 (6+ years old) and is registered under CIN U28994KA2020PTC138062.
Korrex Sealing Solutions has 3 current directors:
- Ponnappa Devaiah Allapanda - Director
- Michale Chirstopher Antony Savari Regan - Director
- Antony Savari Regan Sudha - Director
The latest financial statements of Korrex Sealing Solutions 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 FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Korrex Sealing Solutions is U28994KA2020PTC138062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Korrex Sealing Solutions was incorporated on 03 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Korrex Sealing Solutions by revenue are Adinath Prime Developers Private Limited, KC Windoors India Private Limited, Unistar Poly-Pet Industries Private Limited, Western Metaflux Private Limited, Ess Flexi Tubes Private Limited and 5 more, all in the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ponnamma Allapanda Devaiah ceased to be Additional Director on 03 Mar 2025. Ponnamma Allapanda Devaiah was appointed as Additional Director on 10 Jan 2024. Allapanda Devaiah Bollamma ceased to be Director on 18 Oct 2023. Korrex Sealing Solutions has 8 board changes on record in total.
Yes, Korrex Sealing Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Korrex Sealing Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0027714).
Korrex Sealing Solutions can be reached through the website korrex.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Korrex Sealing Solutions is at Shed No 1 Sy No 696 Site No 2&6 Ground Floor, 1st Main Road Sharadambanagar, Bangalore, Karnataka, India – 560013.