MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0008231
Kundan Industries Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹109.92 Cr
▲ 27% YoY
Net loss · FY 2023
₹10.97 Cr
Net margin -10%
EBITDA · FY 2023
₹3.16 Lakh
EBITDA margin 0%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.95 Cr
Issued & subscribed
Open charges
₹173.48 Cr
Satisfied ₹209.06 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
174
Provident fund records
About Kundan Industries Limited
Data last updated:
Kundan Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 04 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28900MH1995PLC092326. Its GSTIN is 27AAACK6811G1ZP (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.95 Cr. It is led by directors including Vijaya Gupta Mukesh (Whole-Time Director) and Ripudaman Kishorilal Gupta.
Its last annual general meeting (AGM) was held on 31 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹109.92 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹10.97 Cr (net margin -10%) and EBITDA of ₹3.16 Lakh (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 8% over five years.
The company has about 174 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kundan Industries. As per MCA filings, the company has open charges of ₹173.48 Cr and satisfied charges of ₹209.06 Cr on record. Court records list 75 cases involving the company, including 20 filed by the company and 55 filed against it; 22 cases are pending.
Kundan Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0008231). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kundan.com.
Company details
CIN U28900MH1995PLC092326
Registration Number 092326
Incorporation Date 04 September 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0008231
CIN history
Kundan Industries has one previous CIN (Corporate Identification Number): U99999MH1995PLC092326. The current CIN is U28900MH1995PLC092326, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28900MH1995PLC092326 | Current |
| U99999MH1995PLC092326 | Previous |
Key People
Vijaya Gupta Mukesh Whole-Time Director Ripudaman Kishorilal Gupta Director Krishan Kumar Kishorilal Gupta Director Recognitions & Rankings of Kundan Industries
Contact details
Kundan Industries Limited's registered office is in Mumbai, Maharashtra. Its website is kundan.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice – 402 Lukhi Empire 4th Floor Sv Road Near Bali Ram Compound Yadav Nagar Dah, Isar (East, Mumbai, Maharashtra, India – 400068
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Kundan Industries Limited, buy the company report.
Comprehensive company report
Kundan Industries 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
Kundan Industries operates one associated brand: KUNDAN INDUSTRIES. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies fasteners to OEMs, focusing on industrial needs. | kundan.com |
Business activity
The main business activity of Kundan Industries 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 Kundan Industries Limited, buy the company report.
Financials of Kundan Industries Limited
FY 2023 filings availableKundan Industries Limited reported revenue of ₹109.92 Cr (up 27% YoY) for FY 2023.
Revenue · FY 2023
₹109.92 Cr ▲ 27%
Net loss · FY 2023
₹10.97 Cr margin -10%
EBITDA · FY 2023
₹3.16 Lakh margin 0%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▼ 1%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▼ 87%
5 years · compounded
▼ 69%
Revenue rose 27% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 101% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹109.92 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.97 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | -10% | ||||
| 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 Kundan Industries Limited, buy the company report.
Board of directors of Kundan Industries Limited
Kundan Industries has 3 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 |
|---|---|---|---|---|
| Ripudaman Kishorilal Gupta | Director | 04 Sep 1995 | 31 Years 1 Months | Current |
| Vijaya Gupta Mukesh | Whole-Time Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Krishan Kumar Kishorilal Gupta | Director | 04 Sep 1995 | 31 Years 1 Months | Current |
Peer comparison
Kundan Industries Limited is compared with the 7 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), 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 |
|---|---|---|---|---|---|---|
| Sarita Forgings Limited | ₹112 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Bakgiyam Engineering Private Limited | ₹111.93 Cr (FY 2025) | -1.0% | Coimbatore, Tamil Nadu, India | |||
| Elyon Divine Components Private Limited | ₹111.09 Cr (FY 2025) | 43.0% | Pune, Maharashtra, India | |||
| Kundan Industries Limitedthis company | ₹109.92 Cr (FY 2023) | -₹10.97 Cr | -10% | 27.0% | 174 | Mumbai, Maharashtra, India |
| MGM Forgings Bharat Private Limited | ₹109.68 Cr (FY 2024) | -23.0% | Mysore, Karnataka, India | |||
| R R Autotech Private Limited | ₹109.32 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| A S P Pvt Ltd | ₹108.98 Cr (FY 2025) | 1.0% | West Benga, West Bengal, India | |||
| Austin Engineering Company Limited | ₹108.78 Cr (FY 2025) | -5.0% | Junagadh, Gujarat, India |
To see the full peer comparison of Kundan Industries Limited, buy the company report.
Auditor
Kundan Industries Limited is audited by Khandelwal Ram &CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal Ram &CO | FY 2023 | 144104W |
Shareholding
The shareholding of Kundan Industries Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kundan Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹173.48 Cr
Satisfied charges
₹209.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Oct 2022 | 100624535 | Others | ₹12 Lakh | Open | |
| 06 May 2020 | 100339183 | Others | ₹14.61 Cr | Open | |
| 05 Nov 2018 | 100224482 | Others | ₹16.95 Lakh | Open | |
| 31 Jul 2018 | 100224862 | Others | ₹3 Cr | Open | |
| 21 Dec 2017 | 100160704 | Others | ₹37 Lakh | Open |
To see the full charge records of Kundan Industries Limited, buy the company report.
Total charge records: 42 View all charges
Legal cases
Kundan Industries Limited has 75 court cases on record: 20 filed by Kundan Industries, 55 filed against it. 22 cases are pending and 53 are disposed.
Total cases
75
Filed by the company
20
Filed against the company
55
Pending
22
Disposed
53
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 56 | 44 | 21 |
| High courts | 14 | 6 | 1 |
| NCLT | 5 | 5 | 0 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Messers Kundan Edifice Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Kuntek Fasteners Pvt Ltd | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against Kuntek Fasteners Private Limited, Through Its Directors and Officers and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Ms Archi Steel Wires Pvt Ltd Through Engineer Mr Jay Bhagwat Khairnar | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against M/S. Archi Steel Wires Pvt. Ltd. and Another One | Pending |
To see the full case history of Kundan Industries 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 Kundan Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kundan Industries Limited has a workforce of 174 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
174
Active EPFO establishments
1
Employee growth
70.59%
GST
Kundan Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK6811G1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kundan Industries Limited, buy the company report.
Recent activity
Kundan Industries Limited has 15 board changes on record since 1995: 4 appointments and 11 cessations. The latest: Sunil Kumar Agarwal ceased to be Irp/Rp/Liquidator on 28 Feb 2024.
Charges
A charge registered on 25 Jan 2022 via Charge ID 100530498 with Others was fully satisfied on 16 Apr 2024.
Ceased
Sunil Kumar Agarwal ceased to be Irp/Rp/Liquidator.
AGM
Kundan Industries Limited last Annual general meeting of members was held on 31 Dec 2023 as per latest MCA records.
Charges
A charge registered on 17 Apr 2015 via Charge ID 10611110 with Dewan Housing Finance Corporation Limited was fully satisfied on 15 Jun 2023.
Filing
Kundan Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.12 Cr with Charge ID 100624535 was registered on 18 Oct 2022.
Charges
A charge with Others amounted to Rs. 3.23 Cr with Charge ID 100530498 was registered on 25 Jan 2022.
Charges
A charge registered on 10 Jul 2019 via Charge ID 100279524 with Others was fully satisfied on 17 Jan 2022.
Charges
A charge with Others of Rs. 14.61 Cr registered on 06 May 2020 with Charge ID 100339183 was modified on 26 Nov 2021.
Charges
A charge with Others of Rs. 78.33 Cr registered on 11 Mar 2011 with Charge ID 10278308 was modified on 25 Nov 2021.
Appointed
Pravesh Narsingdas Aggrawal was appointed as CFO.
Charges
A charge registered on 21 Apr 2016 via Charge ID 100027423 with Others was fully satisfied on 24 Sep 2020.
103 earlier events are in the company report.
Frequently asked questions
Kundan Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 04 September 1995 (31+ years old) and is registered under CIN U28900MH1995PLC092326.
Kundan Industries has 3 current directors:
- Vijaya Gupta Mukesh - Whole-Time Director
- Ripudaman Kishorilal Gupta - Director
- Krishan Kumar Kishorilal Gupta - Director
The latest financial statements of Kundan Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 December 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Kundan Industries is 27AAACK6811G1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kundan Industries is U28900MH1995PLC092326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kundan Industries has 75 court cases on record: 20 filed by the company and 55 filed against it. 22 are pending. Most are in the district courts.
Kundan Industries was incorporated on 04 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Kundan Industries by revenue are Sarita Forgings Limited, Bakgiyam Engineering Private Limited, Elyon Divine Components Private Limited, MGM Forgings Bharat Private Limited, R R Autotech Private Limited and 2 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Sunil Kumar Agarwal ceased to be Irp/Rp/Liquidator on 28 Feb 2024. Pravesh Narsingdas Aggrawal was appointed as CFO on 22 Nov 2021. Jawahar Mathurakant Thakker ceased to be Additional Director on 15 Feb 2017. Kundan Industries has 15 board changes on record in total.
Yes, Kundan Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0008231).
Kundan Industries can be reached through the website kundan.com. Its registered office is in Mumbai, Maharashtra, India.