About MG Metallic Springs Pvt Ltd
Data last updated:
MG Metallic Springs Pvt Ltd is a private limited company based in Andhra Pradesh, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 01 December 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U28991AP1973PTC001666. Its GSTIN is 37AABCM3711A1Z4 (Andhra Pradesh).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹43.2 Lakh. It is led by directors including Satish Ramesh Machani (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 Premises Of M.G. Brothersbellary Road Anantapur, Andhra Pradesh, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹84.93 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹27.99 Lakh (net margin 33%) and EBITDA of ₹47.2 Lakh (EBITDA margin 55.6%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹134.14 Cr and satisfied charges of ₹2.42 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it.
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
Contact details
MG Metallic Springs Pvt Ltd's registered office is in Andhra Pradesh. Its website is mgmsprings.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPremises Of M.G. Brothersbellary Road Anantapur, Andhra Pradesh, India
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of MG Metallic Springs Pvt Ltd, 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 MG Metallic 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 MG Metallic Springs Pvt Ltd, buy the company report.
Financials of MG Metallic Springs Pvt Ltd
FY 2024 filings availableMG Metallic Springs Pvt Ltd reported revenue of ₹84.93 Lakh (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 347% 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 | ₹47.2 Lakh | ||||
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| Net Profit (PAT) | ₹27.99 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 | 55.6% | ||||
| Net Profit Margin | 33% | ||||
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To see the full financial statements and ratios of MG Metallic Springs Pvt Ltd, buy the company report.
Board of directors of MG Metallic Springs Pvt Ltd
MG Metallic Springs has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| 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 | 28 Sep 1987 | 39 Years 1 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 | 23 Sep 1988 | 38 Years 1 Months | Current |
| Satish Ramesh Machani Also directs: M. G. M Springs Private Limited, Vayati Weaves LLP, Machani Ramesh Metamorphosis LLP and 5 more | Managing Director | 20 Oct 1998 | 28 Years 0 Months | Current |
| Ravi Ramesh Machani Also directs: Machani Ramesh Heritage LLP, M. G. M Springs Private Limited, Vayati Weaves LLP and 5 more | Director | 14 Jul 2004 | 22 Years 3 Months | Current |
Peer comparison
MG Metallic Springs Pvt Ltd is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Springs, 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 |
|---|---|---|---|---|---|---|
| B B C Automation Technologies India Private Limited | ₹85.68 Lakh (FY 2025) | -45.0% | Hosur, Tamil Nadu, India | |||
| Economy Pneumatics Private Limited | ₹85.63 Lakh (FY 2024) | 172.0% | Mumbai, Maharashtra, India | |||
| MG Metallic Springs Pvt Ltdthis company | ₹84.93 Lakh (FY 2024) | ₹27.99 Lakh | 33% | 2.0% | Andhra Pradesh, India | |
| Threadmaster Tools and Gauges Private Limited | ₹84.76 Lakh (FY 2024) | 16.0% | Ahmednagar, Maharashtra, India |
To see the full peer comparison of MG Metallic Springs Pvt Ltd, buy the company report.
Auditor
MG Metallic Springs Pvt Ltd is audited by BRAHMAYYA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2021 | 000514S |
Shareholding
The shareholding of MG Metallic Springs Pvt Ltd 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 MG Metallic Springs Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2024 | 101026446 | Hdfc Bank Limited | ₹63.63 Cr | Open | |
| 31 Oct 2023 | 100821506 | Canara Bank | ₹90 Lakh | Open | |
| 20 Sep 2023 | 100784519 | Canara Bank | ₹27 Cr | Open | |
| 26 Jul 2023 | 100780129 | Others | ₹21 Cr | Open | |
| 19 Dec 2016 | 100071534 | Others | ₹11.26 Cr | Open |
To see the full charge records of MG Metallic Springs Pvt Ltd, buy the company report.
Total charge records: 19 View all charges
Legal cases
MG Metallic Springs Pvt Ltd has 8 court cases on record: 6 filed by MG Metallic Springs, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 2 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by an individual | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, KARNATAKA | Arbitration matter | Filed by the company against an individual | Disposed |
| NCLT, Amravati | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of MG Metallic Springs Pvt Ltd, 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 MG Metallic Springs Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MG Metallic Springs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCM3711A1Z4 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MG Metallic Springs Pvt Ltd, buy the company report.
Recent activity
MG Metallic Springs Pvt Ltd has 8 board changes on record since 1987: 4 appointments and 4 cessations. The latest: Ramesh Ramanna Machani ceased to be Director on 07 Mar 2018.
36 earlier events are in the company report.
Frequently asked questions
MG Metallic Springs is an active private limited company based in Andhra Pradesh, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 01 December 1973 (53+ years old) and is registered under CIN U28991AP1973PTC001666.
MG Metallic Springs has 4 current directors:
- Satish Ramesh Machani - Managing Director
- Ramanna Machani Gangadhar - Director
- Machani Ramanna Ganganna - Director
- Ravi Ramesh Machani - Director
The latest financial statements of MG Metallic 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 MG Metallic Springs is 37AABCM3711A1Z4, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of MG Metallic Springs is U28991AP1973PTC001666. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MG Metallic Springs has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
MG Metallic Springs was incorporated on 01 December 1973, making it 53+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of MG Metallic Springs by revenue are B B C Automation Technologies India Private Limited, Economy Pneumatics Private Limited, Threadmaster Tools and Gauges Private Limited, all in the Machinery and Equipment industry (Springs, Tools and Components), with the same principal business activity (metal and metal products).
Ramesh Ramanna Machani ceased to be Director on 07 Mar 2018. Deepa Anil Kumar ceased to be Additional Director on 28 Sep 2013. Satish Ramesh Machani ceased to be Director on 24 Mar 2011. MG Metallic Springs has 8 board changes on record in total.
MG Metallic Springs can be reached through the website mgmsprings.com. Its registered office is in Andhra Pradesh, India.
The registered office of MG Metallic Springs is at Premises Of M.G. Brothersbellary Road Anantapur, Andhra Pradesh, India.
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