MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-AP-01-0007569
M. G. M Springs Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹32.83 Cr
▼ 3% YoY
Net profit · FY 2024
₹19.57 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹3.27 Cr
EBITDA margin 10%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹51 Lakh
Issued & subscribed
Open charges
₹35.55 Cr
Satisfied ₹15.52 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
52
Provident fund records
About M. G. M Springs Private Limited
Data last updated:
M. G. M Springs Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Mg Metallic Springs Pvt Ltd. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 22 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27109KA2008PTC073110. Its GSTIN is 33AAFCM7076G1ZE (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹51 Lakh. It is led by directors including Vadla Suryanarayana (Managing Director) and Ramanna Machani Gangadhar.
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. 04 Bommasandra Industrial Area Attibele Hobli Anekal Taluk, Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.83 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹19.57 Lakh (net margin 0.6%) and EBITDA of ₹3.27 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 3% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.55 Cr and satisfied charges of ₹15.52 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending.
M. G. M Springs Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-01-0007569). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgmsprings.com.
Company details
CIN U27109KA2008PTC073110
Registration Number 073110
Incorporation Date 22 August 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company Mg Metallic Springs Pvt Ltd
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-AP-01-0007569
CIN history
M. G. M Springs has one previous CIN (Corporate Identification Number): U27109AP2008PTC060681. The current CIN is U27109KA2008PTC073110, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109KA2008PTC073110 | Current |
| U27109AP2008PTC060681 | Previous |
Key People
Vadla Suryanarayana Managing Director Ramanna Machani Gangadhar Director Machani Ramanna Ganganna Director Recognitions & Rankings of M. G. M Springs
Contact details
M. G. M Springs Private Limited's registered office is in Bangalore, Karnataka. Its website is mgmsprings.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 04 Bommasandra Industrial Area Attibele Hobli Anekal Taluk, Bangalore, Karnataka, India – 560099
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of M. G. M Springs Private Limited, buy the company report.
Comprehensive company report
M. G. M Springs 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 activity of M. G. M Springs 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 M. G. M Springs Private Limited, buy the company report.
Financials of M. G. M Springs Private Limited
FY 2024 filings availableM. G. M Springs Private Limited reported revenue of ₹32.83 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹32.83 Cr ▼ 3%
Net profit · FY 2024
₹19.57 Lakh margin 0.6%
EBITDA · FY 2024
₹3.27 Cr margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 10%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 7%
5 years · compounded
▲ 4%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 20% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.57 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 M. G. M Springs Private Limited, buy the company report.
Board of directors of M. G. M Springs Private Limited
M. G. M Springs has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanna Machani Gangadhar Also directs: Machani Ramesh Heritage LLP, M.G.Brothers Industries Private Limited, M G Brothers Oil Mills Pvt Ltd and 5 more | Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Vadla Suryanarayana | Managing Director | 12 Aug 2022 | 4 Years 3 Months | Current |
| Machani Ramanna Ganganna Also directs: Machani Ramesh Heritage LLP, M.G.Brothers Industries Private Limited, M G Brothers Oil Mills Pvt Ltd and 2 more | Director | 22 Aug 2008 | 18 Years 2 Months | Current |
| Satish Ramesh Machani Also directs: MG Metallic Springs Pvt Ltd, Vayati Weaves LLP, Machani Ramesh Metamorphosis LLP and 5 more | Director | 22 Aug 2008 | 18 Years 2 Months | Current |
| Ravi Ramesh Machani Also directs: Machani Ramesh Heritage LLP, MG Metallic Springs Pvt Ltd, Vayati Weaves LLP and 5 more | Director | 22 Aug 2008 | 18 Years 2 Months | Current |
Peer comparison
M. G. M Springs Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Springs, Tools and Components, Wind Power), 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 |
|---|---|---|---|---|---|---|
| TPP Boilers Private Limited | ₹33.01 Cr (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Ribo Industries Private Limited | ₹32.92 Cr (FY 2022) | 6.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Aakriti Manufacturing Private Limited | ₹32.84 Cr (FY 2023) | -7.0% | New Delhi, Delhi, India | |||
| M. G. M Springs Private Limitedthis company | ₹32.83 Cr (FY 2024) | ₹19.57 Lakh | 0.6% | -3.0% | 52 | Bangalore, Karnataka, India |
| Parul Foundry Private Limited | ₹32.82 Cr (FY 2025) | -15.0% | Delhi, India | |||
| JK Talabot Limited | ₹32.78 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of M. G. M Springs Private Limited, buy the company report.
Auditor
M. G. M Springs Private Limited is audited by BRAHMAYYA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2022 | 000514S |
Shareholding
The shareholding of M. G. M Springs Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of M. G. M Springs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35.55 Cr
Satisfied charges
₹15.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2025 | 101140716 | Hdfc Bank Limited | ₹16.75 Cr | Open | |
| 27 Nov 2024 | 101088302 | Hdfc Bank Limited | ₹29.5 Lakh | Open | |
| 01 Jun 2024 | 101151150 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 30 Nov 2022 | 100652501 | Tata Capital Financial Services Limited | ₹3.5 Cr | Open | |
| 07 Jun 2013 | 10435651 | Canara Bank | ₹12.17 Cr | Satisfied |
To see the full charge records of M. G. M Springs Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
M. G. M Springs Private Limited has 3 court cases on record: 3 filed by M. G. M Springs. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Pending |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of M. G. M Springs 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.
Credit ratings & regulatory alerts
M. G. M Springs Private Limited was last rated by Icra on 22 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jun 2021 |
To see the full credit ratings and regulatory alerts of M. G. M Springs Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for M. G. M Springs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
M. G. M Springs Private Limited has a workforce of 52 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
52
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 52 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of M. G. M Springs Private Limited, buy the company report.
GST
M. G. M Springs has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCM7076G1ZE | Tamil Nadu | Active | 03 Jul 2024 |
To see the full GST registrations and return filing status of M. G. M Springs Private Limited, buy the company report.
Recent activity
M. G. M Springs Private Limited has 12 board changes on record since 2008: 5 appointments and 7 cessations. The latest: Vadla Suryanarayana ceased to be Additional Director on 29 Sep 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 1,675.00 Lakh registered on 01 Aug 2025 with Charge ID 101140716 was modified on 01 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,675.00 Lakh with Charge ID 101140716 was registered on 01 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 29.50 Lakh with Charge ID 101088302 was registered on 27 Nov 2024.
AGM
M. G. M Springs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 07 Jun 2013 via Charge ID 10435651 with Canara Bank was fully satisfied on 03 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,500.00 Lakh with Charge ID 101151150 was registered on 01 Jun 2024.
Filing
M. G. M Springs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank of Rs. 1,217.40 Lakh registered on 07 Jun 2013 with Charge ID 10435651 was modified on 25 Oct 2023.
Charges
A charge with Tata Capital Financial Services Limited of Rs. 350.00 Lakh registered on 30 Nov 2022 with Charge ID 100652501 was modified on 31 Aug 2023.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 350.00 Lakh with Charge ID 100652501 was registered on 30 Nov 2022.
Ceased
Vadla Suryanarayana ceased to be Additional Director.
Appointed
Vadla Suryanarayana was appointed as Managing Director.
15 earlier events are in the company report.
Frequently asked questions
M. G. M Springs is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 22 August 2008 (18+ years old) and is registered under CIN U27109KA2008PTC073110.
M. G. M Springs has 5 current directors:
- Vadla Suryanarayana - Managing Director
- Ramanna Machani Gangadhar - Director
- Machani Ramanna Ganganna - Director
- Satish Ramesh Machani - Director
- Ravi Ramesh Machani - Director
The latest financial statements of M. G. M Springs 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 M. G. M Springs is 33AAFCM7076G1ZE, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of M. G. M Springs is U27109KA2008PTC073110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M. G. M Springs has 3 court cases on record: 3 filed by the company. 2 are pending. Most are in the high courts.
M. G. M Springs was incorporated on 22 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of M. G. M Springs by revenue are TPP Boilers Private Limited, Ribo Industries Private Limited, Aakriti Manufacturing Private Limited, Parul Foundry Private Limited, JK Talabot Limited, all in the Machinery and Equipment industry (Springs, Tools and Components, Wind Power), with the same principal business activity (metal and metal products).
Vadla Suryanarayana ceased to be Additional Director on 29 Sep 2022. Vadla Suryanarayana was appointed as Managing Director on 12 Aug 2022. Machani Ramanna Ganganna ceased to be Director on 22 Apr 2021. M. G. M Springs has 12 board changes on record in total.
Yes, M. G. M Springs is registered as a small enterprise under Udyam registration (number: UDYAM-AP-01-0007569).
M. G. M Springs can be reached through the website mgmsprings.com. Its registered office is in Bangalore, Karnataka, India.
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