Milgrade Private Limited
About Milgrade Private Limited
Data last updated:
Milgrade Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 04 January 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA2023PTC169869. Its GSTIN is 29AAQCM5224M1ZT (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Arti Rathi and Rajesh Hukumchand Rathi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 426 4th Phase Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.74 Cr. For the same year it recorded a net profit of ₹2.26 Lakh (net margin 1.3%) and EBITDA of ₹8.32 Lakh (EBITDA margin 4.8%).
As per MCA filings, the company has open charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 426 4th Phase Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Milgrade Private Limited
The main business activity of Milgrade is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Milgrade Private Limited FY 2025 filings available
Milgrade Private Limited reported revenue of ₹1.74 Cr for FY 2025.
Financial Statement Summary of Milgrade Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹8.32 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.26 Lakh | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Milgrade Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.8% | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Milgrade are in the company report.
Financial statements from FY 2023
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Milgrade Private Limited
Milgrade Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hacklab Solutions Private Limited | ₹1.75 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Ami Tech (India) Private Limited | ₹1.75 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Tirupati Technical Services Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | -64.0% | •••• | Ranchi, Jharkhand, India |
| Jupiter Control Systems Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Chennai, Tamil Nadu, India |
| Kurolikar Automation Research Labs Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 129.0% | •••• | Pune, Maharashtra, India |
| Milgrade Private Limited this company | ₹1.74 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Sainar Instruments Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Hyderabad, Telangana, India |
| Reddx Technologies Private Limited | ₹1.73 Cr (FY 2024) | •••• | •••• | 101.0% | •••• | Chennai, Tamil Nadu, India |
| S P P S Systems Private Limited | ₹1.73 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Hyderabad, Telangana, India |
| Powerprofit Technologies Private Limited | ₹1.72 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Noida, Uttar Pradesh, India |
| Cable Vision Systems Private Limited | ₹1.72 Cr (FY 2025) | •••• | •••• | -62.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Milgrade by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Milgrade Private Limited
Milgrade has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arti Rathi | Director | 04 Jan 2023 | 3 Years 9 Months | Current |
| Rajesh Hukumchand Rathi | Director | 04 Jan 2023 | 3 Years 9 Months | Current |
Charges & Borrowings of Milgrade Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Feb 2025 | Canara Bank | ₹1 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Milgrade Private Limited
Employment history and EPFO contributions of people linked to Milgrade.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Milgrade Private Limited
Milgrade Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Arti Rathi was appointed as Director on 04 Jan 2023.
Credit Ratings, Litigation & Regulatory Alerts for Milgrade Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Milgrade Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Milgrade Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Milgrade Private Limited
Milgrade has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAQCM5224M1ZT | Karnataka | Active | 15 Jun 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Milgrade Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Milgrade Private Limited
Milgrade is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 04 January 2023 (3+ years old) and is registered under CIN U31909KA2023PTC169869.
Milgrade reported revenue of ₹1.74 Cr for FY 2025.
Milgrade has 2 current directors:
- Arti Rathi - Director
- Rajesh Hukumchand Rathi - Director
Milgrade reported a net profit of ₹2.26 Lakh (net margin 1.3%) and EBITDA of ₹8.32 Lakh (EBITDA margin 4.8%) for FY 2025, as per its filed financial statements.
The GSTIN of Milgrade is 29AAQCM5224M1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Milgrade is U31909KA2023PTC169869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milgrade was incorporated on 04 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Milgrade by revenue are Hacklab Solutions Private Limited, Ami Tech (India) Private Limited, Tirupati Technical Services Private Limited, Jupiter Control Systems Private Limited, Kurolikar Automation Research Labs Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Arti Rathi was appointed as Director on 04 Jan 2023. Rajesh Hukumchand Rathi was appointed as Director on 04 Jan 2023.
The registered office of Milgrade is at No. 426 4th Phase Peenya Industrial Area Peenya, Bangalore, Karnataka, India – 560058.
Milgrade has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh.