MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-13-0004510
Micon Engineers (Hubli) Private Limited - machinery and equipment in Dharwad, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹64.97 Cr
▲ 17% YoY
Net profit · FY 2024
₹1.05 Cr
Net margin 1.6%
EBITDA · FY 2024
₹4.17 Cr
EBITDA margin 6.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.15 Cr
Issued & subscribed
Open charges
₹37.95 Cr
Satisfied ₹6.09 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
111
Provident fund records
About Micon Engineers (Hubli) Private Limited
Data last updated:
Micon Engineers (Hubli) Private Limited is a private limited company based in Dharwad, Karnataka, India. It operates in the industrial control valves and systems segment of the machinery and industrial equipment sector. It was incorporated on 17 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29120KA2006PTC038765. Its GSTIN is 29AAECM6092P1ZN (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.15 Cr. It is led by directors including Anis Ahmed Muktharahamad Naikwadi (Managing Director) and Rukasana Naikwadi.
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 – 110 And 111 Rayapur Industrial Area KIADB, Dharwad, Karnataka, India – 580009.
As per the financials filed for FY 2024, the company reported a revenue of ₹64.97 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Cr (net margin 1.6%) and EBITDA of ₹4.17 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 13% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Micon Engineers Hubli Pvt Ltd. As per MCA filings, the company has open charges of ₹37.95 Cr and satisfied charges of ₹6.09 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 2 cases are pending. The company has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹1.85 Cr; the latest was in March 2022.
Micon Engineers (Hubli) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0004510). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miconvalveshubli.com.
Company details
CIN U29120KA2006PTC038765
Registration Number 038765
Incorporation Date 17 March 2006
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 Medium
Udyam Registration UDYAM-KR-13-0004510
Key People
Anis Ahmed Muktharahamad Naikwadi Managing Director Rukasana Naikwadi Director Abdulqayyum Naikwadi Director Recognitions & Rankings of Micon Engineers (Hubli)
Contact details
Micon Engineers (Hubli) Private Limited's registered office is in Dharwad, Karnataka. Its website is miconvalveshubli.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot.No – 110 And 111 Rayapur Industrial Area KIADB, Dharwad, Karnataka, India – 580009
- IndustryMachinery and Equipment, Industrial Control Valves & Systems
To see the full contact details of Micon Engineers (Hubli) Private Limited, buy the company report.
Comprehensive company report
Micon Engineers (Hubli) 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
Micon Engineers (Hubli) operates one associated brand: Micon Engineers Hubli Pvt Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of industrial valves in India. | hublimeh.com |
Business activity
The main business activity of Micon Engineers (Hubli) 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 Micon Engineers (Hubli) Private Limited, buy the company report.
Financials of Micon Engineers (Hubli) Private Limited
FY 2024 filings availableMicon Engineers (Hubli) Private Limited reported revenue of ₹64.97 Cr (up 17% YoY) for FY 2024.
Revenue · FY 2024
₹64.97 Cr ▲ 17%
Net profit · FY 2024
₹1.05 Cr margin 1.6%
EBITDA · FY 2024
₹4.17 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 27%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 19%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 17% growth in the latest year. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.17 Cr | ||||
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| Net Profit (PAT) | ₹1.05 Cr | ||||
| Balance Sheet | |||||
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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 | 6.4% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Micon Engineers (Hubli) Private Limited, buy the company report.
Board of directors of Micon Engineers (Hubli) Private Limited
Micon Engineers (Hubli) has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rukasana Naikwadi Also directs: Tech Flow Valves (India) Private Limited | Director | 06 Oct 2020 | 6 Years 0 Months | Current |
| Abdulqayyum Naikwadi Also directs: Tech Flow Valves (India) Private Limited | Director | 17 Mar 2006 | 20 Years 7 Months | Current |
| Shamsheer Ahmad Mukthar Ahamad Naikwadi Also directs: Tech Flow Valves (India) Private Limited | Director | 17 Mar 2006 | 20 Years 7 Months | Current |
| Anis Ahmed Muktharahamad Naikwadi | Managing Director | 17 Mar 2006 | 20 Years 7 Months | Current |
| Irfan Ahmed Muktharahmed Naikwadi Also directs: Tech Flow Valves (India) Private Limited | Director | 17 Mar 2006 | 20 Years 7 Months | Current |
| Liyakhatahmed Muktharahmed Naikwadi Also directs: Tech Flow Valves (India) Private Limited | Director | 17 Mar 2006 | 20 Years 7 Months | Current |
Auditor
Micon Engineers (Hubli) Private Limited is audited by CHARANTIMATH ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHARANTIMATH ASSOCIATES | FY 2023 | 000601S |
Shareholding
The shareholding of Micon Engineers (Hubli) 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 Micon Engineers (Hubli) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.95 Cr
Satisfied charges
₹6.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2025 | 101086134 | Others | ₹29 Lakh | Open | |
| 22 Apr 2024 | 100916777 | Canara Bank | ₹25.5 Lakh | Open | |
| 01 Sep 2023 | 100782834 | Canara Bank | ₹31.2 Lakh | Open | |
| 03 Jan 2023 | 100662551 | Karnataka State Financial Corporation | ₹1 Cr | Open | |
| 23 Aug 2022 | 100624145 | Canara Bank | ₹25.7 Lakh | Open |
To see the full charge records of Micon Engineers (Hubli) Private Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Micon Engineers (Hubli) Private Limited has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹1.85 Cr; the latest was in March 2022.
Total deals
10
Secondary share transfers
7
Funding rounds
3
Disclosed funding
₹1.85 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Perfect Engineers Pvt. Ltd. , N V Industries |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Techflow Valves (India) Private Limited, 3 individuals |
To see the full deal history of Micon Engineers (Hubli) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Micon Engineers (Hubli) Private Limited has 6 court cases on record: 4 filed by Micon Engineers (Hubli), 2 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Arbitration matter | Filed against the company by Shivsu Canadian Clear Waters Ltd. | Pending |
| District court, DHARWAD, Karnataka | Court case (COM.EX) | Filed by the company against Shivsu Canadian Clear Waters Ltd., Chennai | Pending |
| District court, DHARWAD, Karnataka | Court case (COM.O.S.) | Filed by the company against Shree Satyanarayan Industrial Suppliers Pvt.Ltd., Maharashtra | Disposed |
| District court, DHARWAD, Karnataka | Court case (COM.O.S.) | Filed by the company against Shivsu Canadian. Clear Waters Ltd., | Disposed |
| District court, DHARWAD, Karnataka | Civil suit | Filed by the company against Shivsu Canadian Clear Waters Ltd., | Disposed |
To see the full case history of Micon Engineers (Hubli) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Micon Engineers (Hubli) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Micon Engineers (Hubli) Private Limited has a workforce of 111 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
111
Active EPFO establishments
2
Employee growth
7.77%
GST
Micon Engineers (Hubli) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM6092P1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Micon Engineers (Hubli) Private Limited, buy the company report.
Recent activity
Micon Engineers (Hubli) Private Limited has 11 board changes on record since 2006: 6 appointments and 5 cessations. The latest: Farzana Begum Abdul Qayyum Naikwadi ceased to be Director on 06 Oct 2020.
Charges
A charge with Others amounted to Rs. 0.29 Cr with Charge ID 101086134 was registered on 27 Mar 2025.
AGM
Micon Engineers (Hubli) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 18.00 Cr registered on 08 Dec 2014 with Charge ID 10540246 was modified on 02 May 2024.
Charges
A charge with Canara Bank amounted to Rs. 0.26 Cr with Charge ID 100916777 was registered on 22 Apr 2024.
Filing
Micon Engineers (Hubli) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 0.31 Cr with Charge ID 100782834 was registered on 01 Sep 2023.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 1.00 Cr with Charge ID 100662551 was registered on 03 Jan 2023.
Charges
A charge with Canara Bank amounted to Rs. 0.26 Cr with Charge ID 100624145 was registered on 23 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100712298 was registered on 13 Jul 2022.
Charges
A charge with Canara Bank amounted to Rs. 0.65 Cr with Charge ID 100533532 was registered on 15 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 100491263 was registered on 23 Aug 2021.
Charges
A charge with Canara Bank amounted to Rs. 1.35 Cr with Charge ID 100414364 was registered on 09 Nov 2020.
39 earlier events are in the company report.
Frequently asked questions
Micon Engineers (Hubli) is an active private limited company based in Dharwad, Karnataka, India. The company works in industrial control valves and systems, within the machinery and equipment industry. It was incorporated on 17 March 2006 (20+ years old) and is registered under CIN U29120KA2006PTC038765.
Micon Engineers (Hubli) has 6 current directors:
- Anis Ahmed Muktharahamad Naikwadi - Managing Director
- Rukasana Naikwadi - Director
- Abdulqayyum Naikwadi - Director
- Shamsheer Ahmad Mukthar Ahamad Naikwadi - Director
- Irfan Ahmed Muktharahmed Naikwadi - Director
- Liyakhatahmed Muktharahmed Naikwadi - Director
The latest financial statements of Micon Engineers (Hubli) 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 Micon Engineers (Hubli) is 29AAECM6092P1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Micon Engineers (Hubli) is U29120KA2006PTC038765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micon Engineers (Hubli) has 6 court cases on record: 4 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Micon Engineers (Hubli) was incorporated on 17 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Micon Engineers (Hubli) has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹1.85 Cr; the latest was in March 2022.
Farzana Begum Abdul Qayyum Naikwadi ceased to be Director on 06 Oct 2020. Rukasana Naikwadi was appointed as Director on 06 Oct 2020. Zakeer Muktiyar Naikwadi ceased to be Director on 30 Jul 2020. Micon Engineers (Hubli) has 11 board changes on record in total.
Yes, Micon Engineers (Hubli) is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-13-0004510).