MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0088427
Metsmith Innovations Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.81 Cr
▼ 1% YoY
Net profit · FY 2024
₹30.76 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹1.3 Cr
EBITDA margin 6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹5.55 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings
About Metsmith Innovations Private Limited
Data last updated:
Metsmith Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Metsmith Techno Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 01 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36100KA2013PTC070407. Its GSTIN is 29AADCJ1483C1ZP (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Jmj Switch Gears Private Limited. It is led by directors including Tejas Rajesh Shah and Neal Sankhla.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.81 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹30.76 Lakh (net margin 1.4%) and EBITDA of ₹1.3 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹5.55 Cr on record. The company has 1 deal on record (1 acquisition); the latest was in January 2022. Its 3 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Global Electrical & Controls Private Limited with revenue of ₹22.19 Cr.
Metsmith Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0088427). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website metsmith.com.
Company details
CIN U36100KA2013PTC070407
Registration Number 070407
Incorporation Date 01 August 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Metsmith Techno Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0088427
CIN history
Metsmith Innovations has one previous CIN (Corporate Identification Number): U31401KA2013PTC070407. The current CIN is U36100KA2013PTC070407, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36100KA2013PTC070407 | Current |
| U31401KA2013PTC070407 | Previous |
Recognitions & Rankings of Metsmith Innovations
Contact details
Metsmith Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is metsmith.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo – 128 VI Main Bommasandra Industrial Area Hosur Main, Road, Bangalore, Karnataka, India – 560099
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Metsmith Innovations Private Limited, buy the company report.
Comprehensive company report
Metsmith Innovations 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 Metsmith Innovations is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Metsmith Innovations Private Limited, buy the company report.
Financials of Metsmith Innovations Private Limited
FY 2024 filings availableMetsmith Innovations Private Limited reported revenue of ₹21.81 Cr (down 1% YoY) for FY 2024.
Revenue · FY 2024
₹21.81 Cr ▼ 1%
Net profit · FY 2024
₹30.76 Lakh margin 1.4%
EBITDA · FY 2024
₹1.3 Cr margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 39%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 50%
5 years · compounded
▲ 13%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA rose 5% 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 | |||||
| Total Revenue | ₹21.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.76 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 6% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Metsmith Innovations Private Limited, buy the company report.
Board of directors of Metsmith Innovations Private Limited
Metsmith Innovations has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tejas Rajesh Shah Also directs: Mother India Forming Private Limited, Metsmith Techno Private Limited, Agriplast Protected Cultivation Private Limited and 2 more | Director | 23 Oct 2017 | 9 Years 0 Months | Current |
| Neal Sankhla | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Dhirendra Sankhla | Director | 16 Oct 2019 | 7 Years 0 Months | Current |
Peer comparison
Metsmith Innovations Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Global Electrical & Controls Private Limited | ₹22.19 Cr (FY 2024) | 31.0% | New Delhi, Delhi, India | |||
| Winger Power Private Limited | ₹22.1 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Metsmith Innovations Private Limitedthis company | ₹21.81 Cr (FY 2024) | ₹30.76 Lakh | 1.4% | -1.0% | Bangalore, Karnataka, India | |
| Modutec Ready Panels Private Limited | ₹21.55 Cr (FY 2024) | 3.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Metsmith Innovations Private Limited, buy the company report.
Auditor
Metsmith Innovations Private Limited is audited by NARAYAN BHAT & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARAYAN BHAT & CO. | FY 2024 | 05011S |
Shareholding
The shareholding of Metsmith Innovations Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Metsmith Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.55 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2013 | 10455065 | Canara Bank | ₹5.55 Cr | Open |
To see the full charge records of Metsmith Innovations Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Metsmith Innovations Private Limited has 1 deal on record (1 acquisition); the latest was in January 2022.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Acquisition | ₹82.7 Lakh | Buyer: Stove Kraft Limited Seller: Metsmith Innovations Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Metsmith Innovations Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Metsmith Innovations Private Limited was last rated by Care on 22 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Nov 2021 |
To see the full credit ratings and regulatory alerts of Metsmith Innovations Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Metsmith Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Metsmith Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCJ1483C1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Metsmith Innovations Private Limited, buy the company report.
Recent activity
Metsmith Innovations Private Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Neal Sankhla was appointed as Director on 30 Sep 2024.
AGM
Metsmith Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Neal Sankhla was appointed as Director.
Filing
Metsmith Innovations 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. 5.55 Cr registered on 30 Sep 2013 with Charge ID 10455065 was modified on 11 Oct 2021.
Ceased
Lourdusamy Adaikalasamy ceased to be Director.
Ceased
Dhirendra Sankhla ceased to be Additional Director.
Appointed
Dhirendra Sankhla was appointed as Director.
Ceased
Philip Kumar Anthonyraj ceased to be Director.
Appointed
Tejas Rajesh Shah was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 5.55 Cr with Charge ID 10455065 was registered on 30 Sep 2013.
Incorporation
01 Aug 2013
Metsmith Innovations Private Limited was registered on 01 Aug 2013 with Roc Bangalore & aged 13 years 2 months as per MCA records.
Frequently asked questions
Metsmith Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 01 August 2013 (13+ years old) and is registered under CIN U36100KA2013PTC070407.
Metsmith Innovations has 3 current directors:
- Tejas Rajesh Shah - Director
- Neal Sankhla - Director
- Dhirendra Sankhla - Director
The latest financial statements of Metsmith Innovations 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 Metsmith Innovations is 29AADCJ1483C1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Metsmith Innovations is U36100KA2013PTC070407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metsmith Innovations was incorporated on 01 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Metsmith Innovations has 1 deal on record (1 acquisition); the latest was in January 2022.
The peers of Metsmith Innovations by revenue are Global Electrical & Controls Private Limited, Winger Power Private Limited, Modutec Ready Panels Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Neal Sankhla was appointed as Director on 30 Sep 2024. Lourdusamy Adaikalasamy ceased to be Director on 12 Feb 2021. Dhirendra Sankhla ceased to be Additional Director on 31 Dec 2020. Metsmith Innovations has 6 board changes on record in total.
Yes, Metsmith Innovations is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0088427).
Metsmith Innovations can be reached through the website metsmith.com. Its registered office is in Bangalore, Karnataka, India.