MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-11-0016798
Michigan Stones Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹92.4 Cr
▲ 11% YoY
Net profit · FY 2025
₹3.96 Cr
Net margin 4.3%
EBITDA · FY 2025
₹6.32 Cr
EBITDA margin 6.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹100 Lakh
Issued & subscribed
Open charges
₹11.83 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings
About Michigan Stones Private Limited
Data last updated:
Michigan Stones Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 05 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U14100KA2007PTC043792. Its GSTIN is 29AAFCM2093R1ZP (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹100 Lakh. It is led by directors Amit Khabya and Chandrakantha Adhikari.
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.D – 4 Apurva Saphire 87/2 3rd Cross Jyoti Nagar Gottigere, Bangalore, Karnataka, India – 560083.
As per the financials filed for FY 2025, the company reported a revenue of ₹92.4 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹3.96 Cr (net margin 4.3%) and EBITDA of ₹6.32 Cr (EBITDA margin 6.8%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company is associated with 1 brand: Michigan Stones. As per MCA filings, the company has open charges of ₹11.83 Cr on record.
Michigan Stones Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-11-0016798). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website michiganstones.com.
Company details
CIN U14100KA2007PTC043792
Registration Number 043792
Incorporation Date 05 September 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-11-0016798
Recognitions & Rankings of Michigan Stones
Contact details
Michigan Stones Private Limited's registered office is in Bangalore, Karnataka. Its website is michiganstones.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.D – 4 Apurva Saphire 87/2 3rd Cross Jyoti Nagar Gottigere, Bangalore, Karnataka, India – 560083
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Michigan Stones Private Limited, buy the company report.
Comprehensive company report
Michigan Stones 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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Brands
Michigan Stones operates one associated brand: Michigan Stones. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and exports granite, marble, sandstone for construction and decor markets. | michiganstones.com |
Business activity
The main business activity of Michigan Stones is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Michigan Stones Private Limited, buy the company report.
Financials of Michigan Stones Private Limited
FY 2024 filings availableMichigan Stones Private Limited reported revenue of ₹92.4 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹92.4 Cr ▲ 11%
Net profit · FY 2025
₹3.96 Cr margin 4.3%
EBITDA · FY 2025
₹6.32 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▼ 4%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 3%
5 years · compounded
▼ 1%
Revenue rose 11% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹6.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.96 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 4.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Michigan Stones Private Limited, buy the company report.
Board of directors of Michigan Stones Private Limited
Michigan Stones has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Khabya | Director | 05 Sep 2007 | 19 Years 2 Months | Current |
| Chandrakantha Adhikari | Director | 05 Sep 2007 | 19 Years 2 Months | Current |
Auditor
Michigan Stones Private Limited is audited by BHARATH P & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARATH P & ASSOCIATES | FY 2023 |
Shareholding
The shareholding of Michigan Stones 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 Michigan Stones Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.83 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2024 | 100861948 | Sidbi | ₹1.33 Cr | Open | |
| 23 Jan 2012 | 10332685 | State Bank of India | ₹10.5 Cr | Open |
To see the full charge records of Michigan Stones Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Michigan Stones 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 Michigan Stones Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Michigan Stones has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM2093R1ZP | Karnataka | Active | 01 Jul 2017 |
| 33AAFCM2093R1Z0 | Tamil Nadu | Active | 27 Jan 2022 |
To see the full GST registrations and return filing status of Michigan Stones Private Limited, buy the company report.
Recent activity
Michigan Stones Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Amit Khabya was appointed as Director on 05 Sep 2007.
AGM
Michigan Stones Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Michigan Stones Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Sidbi amounted to Rs. 1.33 Cr with Charge ID 100861948 was registered on 31 Jan 2024.
Charges
A charge with State Bank Of India of Rs. 10.50 Cr registered on 23 Jan 2012 with Charge ID 10332685 was modified on 09 Sep 2022.
Charges
A charge with State Bank Of India amounted to Rs. 10.50 Cr with Charge ID 10332685 was registered on 23 Jan 2012.
Appointed
Amit Khabya was appointed as Director.
Appointed
Chandrakantha Adhikari was appointed as Director.
Incorporation
05 Sep 2007
Michigan Stones Private Limited was registered on 05 Sep 2007 with Roc Bangalore & aged 19 years 2 months as per MCA records.
Frequently asked questions
Michigan Stones is an active private limited company based in Bangalore, Karnataka, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 05 September 2007 (19+ years old) and is registered under CIN U14100KA2007PTC043792.
Michigan Stones has 2 current directors:
- Amit Khabya - Director
- Chandrakantha Adhikari - Director
The latest financial statements of Michigan Stones 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 Michigan Stones is 29AAFCM2093R1ZP, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAFCM2093R1Z0 (Tamil Nadu).
The CIN (Corporate Identification Number) of Michigan Stones is U14100KA2007PTC043792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Michigan Stones was incorporated on 05 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Amit Khabya was appointed as Director on 05 Sep 2007. Chandrakantha Adhikari was appointed as Director on 05 Sep 2007.
Yes, Michigan Stones is registered as an MSME under Udyam registration (number: UDYAM-TN-11-0016798).
Michigan Stones can be reached through the website michiganstones.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Michigan Stones is at No.D – 4 Apurva Saphire 872 3rd Cross Jyoti Nagar Gottigere, Bangalore, Karnataka, India – 560083.
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