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About Memco Associates (I) Private Limited
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Memco Associates (I) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 30 September 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93100KA1985PTC007181. Its GSTIN is 29AAACM9349K1ZV (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Jagadish Babu Mudunuru and Jawahar John Rajkumar.
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 No.849 100 Feet Road Binnamangala Indiranagar I Stage, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.37 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹11.02 Lakh (net margin 0.5%) and EBITDA of ₹71.24 Lakh (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 355 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.61 Cr and satisfied charges of ₹3.91 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website memco.in.
Company details
Contact details
Memco Associates (I) Private Limited's registered office is in Bangalore, Karnataka. Its website is memco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.849 100 Feet Road Binnamangala Indiranagar I Stage, Bangalore, Karnataka, India – 560038
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Memco Associates (I) Private Limited, buy the company report.
- 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 Memco Associates (I) is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Memco Associates (I) Private Limited, buy the company report.
Financials of Memco Associates (I) Private Limited
FY 2024 filings availableMemco Associates (I) Private Limited reported revenue of ₹24.37 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 8% fall in the latest year. EBITDA fell 28% 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 |
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| EBITDA | ₹71.24 Lakh | ||||
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| Net Profit (PAT) | ₹11.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Memco Associates (I) Private Limited, buy the company report.
Board of directors of Memco Associates (I) Private Limited
Memco Associates (I) has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagadish Babu Mudunuru Also directs: Intelle-Games Private Limited, Almighty Nature Foundation | Director | 19 Jul 2013 | 13 Years 3 Months | Current |
| Jawahar John Rajkumar Also directs: Intelle-Games Private Limited | Director | 14 May 2008 | 18 Years 5 Months | Current |
| Miriam Yamuna Rajammal Rajkumar | Director | 14 May 2008 | 18 Years 5 Months | Current |
| Joshua Rajiv Rajkumar Also directs: Intelle-Games Private Limited | Director | 05 Apr 2010 | 16 Years 7 Months | Current |
| Suguna Rajkumar | Director | 19 Jul 2014 | 12 Years 3 Months | Current |
| Raman Sivakumar | Director | 01 Sep 2023 | 3 Years 2 Months | Current |
Auditor
Memco Associates (I) Private Limited is audited by M. Marulasiddaiah & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. Marulasiddaiah & Co | FY 2023 | 002016S |
Shareholding
The shareholding of Memco Associates (I) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Memco Associates (I) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2024 | 100983521 | Others | ₹1.82 Cr | Open | |
| 06 Mar 2024 | 100941737 | Others | ₹79 Lakh | Open | |
| 15 Sep 2020 | 100370626 | Others | ₹10 Cr | Open | |
| 20 Jul 2000 | 80063305 | Icici Bank Limited | ₹3.83 Cr | Satisfied | |
| 13 Dec 1989 | 80063243 | Syndicate Bank | ₹7.25 Lakh | Satisfied |
To see the full charge records of Memco Associates (I) Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Memco Associates (I) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Memco Associates (I) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Memco Associates (I) Private Limited has a workforce of 355 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Memco Associates (I) has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACM9349K1ZV | Karnataka | Active | 01 Jul 2017 |
| 07AAACM9349K1Z1 | Delhi | Active | 01 Jul 2017 |
| 27AAACM9349K1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 33AAACM9349K1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Memco Associates (I) Private Limited, buy the company report.
Recent activity
Memco Associates (I) Private Limited has 18 board changes on record since 1986: 12 appointments and 6 cessations. The latest: Raman Sivakumar was appointed as Director on 01 Sep 2023.
17 earlier events are in the company report.
Frequently asked questions
Memco Associates (I) is an active private limited company based in Bangalore, Karnataka, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 30 September 1985 (41+ years old) and is registered under CIN U93100KA1985PTC007181.
Memco Associates (I) has 6 current directors:
- Jagadish Babu Mudunuru - Director
- Jawahar John Rajkumar - Director
- Miriam Yamuna Rajammal Rajkumar - Director
- Joshua Rajiv Rajkumar - Director
- Suguna Rajkumar - Director
- Raman Sivakumar - Director
The latest financial statements of Memco Associates (I) 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 Memco Associates (I) is 29AAACM9349K1ZV, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 07AAACM9349K1Z1 (Delhi), 27AAACM9349K1ZZ (Maharashtra), 33AAACM9349K1Z6 (Tamil Nadu).
The CIN (Corporate Identification Number) of Memco Associates (I) is U93100KA1985PTC007181. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Memco Associates (I) was incorporated on 30 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Bangalore.
Raman Sivakumar was appointed as Director on 01 Sep 2023. Puttamada Karambayya Mudappa ceased to be Managing Director on 19 Apr 2015. Suguna Rajkumar was appointed as Director on 19 Jul 2014. Memco Associates (I) has 18 board changes on record in total.
Memco Associates (I) can be reached through the website memco.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Memco Associates (I) is at No.849 100 Feet Road Binnamangala Indiranagar I Stage, Bangalore, Karnataka, India – 560038.
Memco Associates (I) operates in the engineering industry, in the procurement and construction (epc) segment.
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