- #618 Kushal Subbayya Hegde & family ₹5,400 Cr

About KSH International Limited
Data last updated:
KSH International Limited is a public limited company based in Pune, Maharashtra, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 30 July 1979 and has been in existence for over 47 years.
Its director Kushal Subbayya Hegde and family are #618 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L28129PN1979PLC141032. Its GSTIN is 27AAACB1897K1ZD (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 544664 and NSE: KSHINTL.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹33.88 Cr. It was formerly known as Bhandary Metal Extrusion Pvt Ltd. It is led by directors including Rajesh Kushal Hegde (Managing Director) and Rakhi Girija Shetty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 15 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 11/3 11/4 & 11/5 Village Birdewadi Chakan Taluka – Khed, Pune, Maharashtra, India – 410501.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹3,106.97 Cr, a growth of 61.1% compared to the previous year. For the same year it recorded a net profit of ₹111.36 Cr (net margin 3.6%) and EBITDA of ₹191.39 Cr (EBITDA margin 6.2%). The net worth stands at ₹808.1 Cr (up 170.7% YoY). Total assets are valued at ₹1,130.33 Cr (up 69.7% YoY).
The company has about 167 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹645.05 Cr and satisfied charges of ₹269.3 Cr on record. Court records list 14 cases involving the company, including 8 filed by the company and 6 filed against it; 3 cases are pending. The company has 7 deals on record (3 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹3.51 Cr; the latest was in December 2025. Its 3 peer companies in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Vidya Wires Limited with revenue of ₹1,485.83 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kshinternational.com.
Company details
Name history
KSH International has undergone 2 name changes throughout its history. The company was previously known as Bhandary Metal Extrusion Pvt Ltd, and Ksh International Limited. The current legal name is Ksh International Limited.
| Company Name | Status |
|---|---|
| KSH International Limited | Current |
| Bhandary Metal Extrusion Pvt Ltd | Previous |
CIN history
KSH International has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28129PN1979PLC141032, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28129PN1979PLC141032 | Current |
| U28129PN1979PLC141032 | Previous |
| U28129PN1979PTC141032 | Previous |
| U28129MH1979PTC021512 | Previous |
Recognitions & Rankings of KSH International
Contact details
KSH International Limited's registered office is in Pune, Maharashtra.
- Social Media
- Registered Address11/3 11/4 & 11/5 Village Birdewadi Chakan Taluka – Khed, Pune, Maharashtra, India – 410501
- IndustryManufacturing, Cable & Wire
- 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
Business activity
The main business activity of KSH International is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of KSH International Limited, buy the company report.
Financials of KSH International Limited
FY 2025-26 filings availableKSH International Limited reported revenue of ₹3,106.97 Cr (up 61.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 3,107 | 1,928 | 1,383 | 1,049 | 871 | 470 |
| Revenue growth | +61.1% | +39.5% | +31.8% | +20.6% | +85.3% | - |
| EBITDA | 191 | 123 | 71.99 | 51.17 | 50.77 | 24.77 |
| EBITDA margin | +6.2% | +6.4% | +5.2% | +4.9% | +5.8% | +5.3% |
| Profit before tax | 146 | 90.42 | 50.63 | 35.47 | 39.93 | 18.15 |
| Net profit | 111 | 67.98 | 36.44 | 26.57 | 29.43 | 14.55 |
| Net profit margin | +3.6% | +3.5% | +2.6% | +2.5% | +3.4% | +3.1% |
| EPS (₹) | 16.25 | 11.97 | 657.34 | 468.37 | 514.85 | 255.42 |
| Balance sheet | ||||||
| Total assets | 1,130 | 666 | 446 | 323 | 317 | 227 |
| Net worth | 808 | 299 | 231 | 194 | 170 | 141 |
| Total debt | 321 | 366 | 214 | 129 | 146 | 85.84 |
| Cash & bank | 84.48 | 11.01 | 17.76 | 6.82 | 7.04 | 12.99 |
| Net working capital | 705 | 402 | 298 | 208 | 211 | 138 |
| Cash flow | ||||||
| Cash from operations | (64.97) | (9.46) | (17.23) | 62.09 | (44.43) | 4.69 |
| Cash from investing | (179) | (118) | (38.81) | (19.97) | (12.52) | (1.21) |
| Cash from financing | 306 | 123 | 67.43 | (40.61) | 51.00 | 6.43 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,164 | 1,018 | 818 | 712 | 559 | 508 | 516 | 472 |
| Revenue growth (YoY) | +108.4% | +100.5% | +58.5% | +50.7% | +29.3% | - | - | - |
| Other income | 8.19 | 9.27 | 4.69 | 3.56 | 3.89 | 1.98 | 4.40 | 1.78 |
| Total expenses | 1,090 | 962 | 770 | 666 | 518 | 473 | 476 | 446 |
| EBITDA | 74.38 | 56.34 | 47.75 | 46.11 | 40.28 | 35.18 | 40.22 | 26.46 |
| EBITDA margin | +6.4% | +5.5% | +5.8% | +6.5% | +7.2% | +6.9% | +7.8% | +5.6% |
| Depreciation | 8.38 | 7.71 | 7.03 | 3.87 | 3.33 | 3.47 | 4.65 | 3.89 |
| Interest | 17.28 | 13.23 | 14.23 | 9.26 | 7.31 | 7.85 | 7.18 | 7.08 |
| Profit before tax | 56.91 | 44.67 | 31.18 | 36.54 | 33.53 | 25.84 | 32.79 | 17.27 |
| Tax | 14.68 | 10.14 | 7.85 | 6.94 | 10.85 | 7.38 | 7.05 | 4.35 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,164 | 1,018 | 818 | 712 | 559 | 508 | 516 | 472 |
| Revenue growth (YoY) | +108.4% | +100.5% | +58.5% | +50.7% | +29.3% | - | - | - |
| Other income | 8.19 | 9.27 | 4.69 | 3.56 | 3.89 | 1.98 | 4.40 | 1.78 |
| Total expenses | 1,090 | 962 | 770 | 666 | 518 | 473 | 476 | 446 |
| EBITDA | 74.38 | 56.34 | 47.75 | 46.11 | 40.28 | 35.18 | 40.22 | 26.46 |
| EBITDA margin | +6.4% | +5.5% | +5.8% | +6.5% | +7.2% | +6.9% | +7.8% | +5.6% |
| Depreciation | 8.38 | 7.71 | 7.03 | 3.87 | 3.33 | 3.47 | 4.65 | 3.89 |
| Interest | 17.28 | 13.23 | 14.23 | 9.26 | 7.31 | 7.85 | 7.18 | 7.08 |
| Profit before tax | 56.91 | 44.67 | 31.18 | 36.54 | 33.53 | 25.84 | 32.79 | 17.27 |
| Tax | 14.68 | 10.14 | 7.85 | 6.94 | 10.85 | 7.38 | 7.05 | 4.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 3,107 | 1,928 | 1,383 | 1,049 | 871 | 470 |
| Revenue growth | +61.1% | +39.5% | +31.8% | +20.6% | +85.3% | - |
| Other income | 21.41 | 9.90 | 7.68 | 7.14 | 5.07 | 6.03 |
| Total expenses | 2,916 | 1,805 | 1,311 | 998 | 820 | 445 |
| Employee cost | 52.89 | 39.71 | 33.73 | 23.83 | 19.05 | 13.89 |
| EBITDA | 191 | 123 | 71.99 | 51.17 | 50.77 | 24.77 |
| EBITDA margin | +6.2% | +6.4% | +5.2% | +4.9% | +5.8% | +5.3% |
| Depreciation | 21.94 | 14.00 | 10.95 | 8.19 | 6.02 | 5.88 |
| Interest | 44.95 | 28.61 | 18.09 | 14.65 | 9.89 | 6.77 |
| Profit before tax | 146 | 90.42 | 50.63 | 35.47 | 39.93 | 18.15 |
| Tax | 35.79 | 22.44 | 13.27 | 8.86 | 10.67 | 3.62 |
| Net profit | 111 | 67.98 | 36.44 | 26.57 | 29.43 | 14.55 |
| Net profit margin | +3.6% | +3.5% | +2.6% | +2.5% | +3.4% | +3.1% |
| EPS (₹) | 16.25 | 11.97 | 657.34 | 468.37 | 514.85 | 255.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 33.88 | 28.41 | 5.68 | 5.68 | 5.68 | 5.68 |
| Reserves & surplus | 774 | 270 | 225 | 188 | 165 | 136 |
| Shareholders' funds (net worth) | 808 | 299 | 231 | 194 | 170 | 141 |
| Secured loans | 311 | 359 | 185 | 120 | 146 | 85.84 |
| Unsecured loans | 10.02 | 7.17 | 29.57 | 8.88 | 0.00 | 0.00 |
| Total debt | 321 | 366 | 214 | 129 | 146 | 85.84 |
| Total liabilities | 1,130 | 666 | 446 | 323 | 317 | 227 |
| Assets | ||||||
| Gross block | 424 | 223 | 215 | 173 | 145 | 138 |
| Net block | 313 | 133 | 140 | 107 | 87.79 | 86.85 |
| Capital work in progress | 52.08 | 108 | 7.42 | 9.42 | 10.56 | 1.11 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 425 | 211 | 133 | 109 | 101 | 40.06 |
| Sundry debtors | 333 | 224 | 159 | 109 | 130 | 112 |
| Cash & bank balances | 84.48 | 11.01 | 17.76 | 6.82 | 7.04 | 12.99 |
| Loans & advances | 47.15 | 29.00 | 17.65 | 10.71 | 19.53 | 14.46 |
| Total current assets | 889 | 475 | 327 | 236 | 258 | 180 |
| Total current liabilities | 184 | 72.68 | 29.42 | 28.08 | 46.90 | 42.07 |
| Net working capital | 705 | 402 | 298 | 208 | 211 | 138 |
| Total assets | 1,130 | 666 | 446 | 323 | 317 | 227 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 10.37 | 15.62 | 4.23 | 2.72 | 12.99 | 3.08 |
| Net cash from operating activities | (64.97) | (9.46) | (17.23) | 62.09 | (44.43) | 4.69 |
| Net cash from investing activities | (179) | (118) | (38.81) | (19.97) | (12.52) | (1.21) |
| Net cash from financing activities | 306 | 123 | 67.43 | (40.61) | 51.00 | 6.43 |
| Net change in cash | 61.75 | (5.25) | 11.39 | 1.51 | (5.95) | 9.91 |
| Closing cash | 84.48 | 11.01 | 17.76 | 6.82 | 7.04 | 12.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +61.1% | +39.5% | +31.8% | +20.6% | +85.3% | - |
| EBITDA growth | +55.4% | +71.0% | +40.7% | +0.8% | +105.0% | - |
| PBT growth | +61.4% | +78.6% | +42.7% | -11.2% | +120.0% | +9997.0% |
| Net income growth | +63.8% | +86.6% | +37.2% | -9.7% | +102.3% | - |
| Revenue CAGR (3Y) | +43.6% | +30.4% | +43.3% | - | - | - |
| EBITDA CAGR (3Y) | +55.2% | +34.4% | +42.7% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +3.5% | +3.5% | +2.7% | +2.5% | +3.4% | +3.1% |
| Return on capital employed | +21.3% | +21.4% | +17.9% | +15.7% | +18.3% | +11.0% |
| Return on net worth | +19.9% | +25.7% | +17.6% | +14.6% | +18.8% | +10.3% |
| Debt / equity | 0.62 | 1.10 | 0.81 | 0.76 | 0.74 | 0.61 |
| Long-term debt / equity | 0.13 | 0.30 | 0.13 | 0.06 | 0.04 | 0.05 |
| Interest cover | 26.53 | 26.22 | 29.64 | 34.09 | 22.10 | 35.84 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 9.61 | 8.80 | 7.13 | 6.61 | 6.15 | 3.40 |
| Inventory turnover | 9.77 | 11.21 | 11.41 | 9.95 | 12.30 | 11.73 |
| Debtors turnover | 11.16 | 10.07 | 10.30 | 8.77 | 7.19 | 4.18 |
| EPS (₹) | 16.25 | 11.97 | 657.34 | 468.37 | 514.85 | 255.42 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 119.27 | 52.54 | 4,064.52 | 3,408.22 | 2,999.63 | 2,484.77 |
To see the full year-wise statements and ratios of KSH International Limited, buy the company report.
Board of directors of KSH International Limited
KSH International has 8 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Kushal Hegde | Director | 01 Nov 2000 | 25 Years 11 Months | Current |
| Rakhi Girija Shetty Also directs: Kushal Motors and Electicals Pvt Ltd, Waterloo Motors Private Limited, Waterloo Industrial Park VI Private Limited and 3 more | Whole-Time Director | 01 Jun 2013 | 13 Years 4 Months | Current |
| Rajesh Kushal Hegde | Managing Director | 01 Sep 1996 | 30 Years 1 Months | Current |
| Kushal Subbayya Hegde | Director | 30 Jul 1979 | 47 Years 2 Months | Current |
| Dinesh Hirachand Munot Also directs: B.U. Bhandari M & M Realtors LLP, Z F Steering Gear (India) Limited, Nexsteer Systems Private Limited and 3 more | Director | 03 Mar 2025 | 1 Years 7 Months | Current |
| Ajay Shriram Patil | Director | 03 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
KSH International Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KSH International Limitedthis company | ₹3,106.97 Cr (FY 2026) | ₹111.36 Cr | 3.6% | 61.1% | Pune, Maharashtra, India | |
| Vidya Wires Limited | ₹1,485.83 Cr (FY 2025) | 25.0% | Anand, Gujarat, India | |||
| Premier Cables and Conductors Private Limited | ₹1,453.3 Cr (FY 2023) | 47.0% | Kolkata, West Bengal, India | |||
| Prem Cables Pvt Ltd | ₹1,216.01 Cr (FY 2025) | 47.0% | Raipur Mwr, Rajasthan, India |
To see the full peer comparison of KSH International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2025 | 101205080 | Hdfc Bank Limited | ₹17.6 Lakh | Open | |
| 03 Oct 2025 | 101173216 | Others | ₹34 Cr | Open | |
| 25 Aug 2025 | 101148054 | Others | ₹40 Cr | Open | |
| 04 Jul 2025 | 101130106 | Others | ₹100 Cr | Open | |
| 20 Jun 2025 | 101120852 | Hdfc Bank Limited | ₹150 Cr | Open |
To see the full charge records of KSH International Limited, buy the company report.
Total charge records: 44 View all charges
Deals & funding
KSH International Limited has 7 deals on record (3 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹3.51 Cr; the latest was in December 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | IPO | ₹710 Cr | Investors: Kotak Mahindra Life Insurance Company Limited , Societe Generale, Edelweiss Life Insurance Company Limited Seller: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Feb 2015 | Funding round | ₹35 Lakh | Investors: 4 individuals |
| Feb 2015 | Rights issue | ₹2 Cr | Investors: 4 individuals |
| Jun 2014 | Rights issue | ₹1.5 Cr | Investors: 4 individuals |
To see the full deal history of KSH International 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
KSH International Limited has 14 court cases on record: 8 filed by KSH International, 6 filed against it. 3 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 1 |
| District courts | 6 | 2 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Ms Shely Simon Sole Prop Divine Enterprises | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP I) | Filed against the company by an individual | Disposed |
To see the full case history of KSH International 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
KSH International Limited was last rated by Care on 03 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Nov 2021 |
To see the full credit ratings and regulatory alerts of KSH International Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for KSH International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
KSH International has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB1897K1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of KSH International Limited, buy the company report.
Recent activity
KSH International Limited has 24 board changes on record since 1979: 10 appointments and 14 cessations. The latest: Ajay Shriram Patil ceased to be Additional Director on 10 Apr 2025.
109 earlier events are in the company report.
News
Frequently asked questions
KSH International is an active public limited company based in Pune, Maharashtra, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 30 July 1979 (47+ years old) and is registered under CIN L28129PN1979PLC141032. Listed on BSE: 544664 and NSE: KSHINTL.
KSH International reported revenue of ₹3,106.97 Cr for FY 2025-26 (up 61.1% YoY) based on standalone financials.
KSH International has 8 current directors:
- Rajesh Kushal Hegde - Managing Director
- Rakhi Girija Shetty - Whole-Time Director
- Rohit Kushal Hegde - Director
- Kushal Subbayya Hegde - Director
- Dinesh Hirachand Munot - Director
- Ajay Shriram Patil - Director
- Ram Kumar Tiwari - Director
- Indu Jacob - Director
The latest financial statements of KSH International on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of KSH International is 27AAACB1897K1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of KSH International is L28129PN1979PLC141032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. KSH International is a listed company as per MCA records. Its shares are listed on both BSE (code: 544664) and NSE (symbol: KSHINTL).
KSH International has 14 court cases on record: 8 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.
KSH International was incorporated on 30 July 1979, making it 47+ years old. It is registered with the Registrar of Companies, Pune.
KSH International has 7 deals on record (3 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹3.51 Cr; the latest was in December 2025.
The peers of KSH International by revenue are Vidya Wires Limited, Premier Cables and Conductors Private Limited, Prem Cables Pvt Ltd, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products).