Milltec Machinery Limited - Company Profile

Q: Where is Milltec Machinery Limited headquartered?

Milltec Machinery Limited is headquartered at No 51A Phas1 Kiadbe Indl Areabommasandra Bangalore, Karnataka, Karnataka, 560099.

Q: Who are the current directors of Milltec Machinery Limited?

The current directors of Milltec Machinery Limited are Rajendran Joghee, Avijit Mishra, Rajan Agarwal, Ganapathy Subramaniam, Ryan Gordon Kipp, Noam Silberstein, Nicolle Parker, Rajan Aggarwal, Prabhakar Tadepalli, Nirupama Vellore Ganapathy, Timothy Close, Ramaiah Ravindranath, Steven Robert Sommerfeld.

It is a machinery and equipment public limited company based in Karnataka, Karnataka, India, established in 1998.

1998 Karnataka, Karnataka, India Amalgamated

Last Updated: July 25, 2025

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About Milltec Machinery Limited

Milltec Machinery Limited, a amalgamated public limited company, was established on 28 August 1998 in Karnataka, Karnataka, India. Engaging in process machinery & industrial equipment within the manufacturing sector, it holds CIN: U85110KA1998PLC024139. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹10.00 Cr.

Formerly known as Milltec Machinery Private Limited. It upholds a compliant status. Employing 415 professional, Its leadership includes Rajendran Joghee (Managing Director), Ryan Gordon Kipp (Director), Noam Silberstein (Director). Past directors included Rajendran Joghee, Prakash Kulathu Iyer, Sridhar Sankararaman. It holds no open charges and ₹80.44 Cr settled loans. Its latest AGM occurred on 03 August 2019, with the balance sheet filed on 31 March 2019. It is based at No 51/A Phas1 Kiadbe Indl Areabommasandra Bangalore, Karnataka, Karnataka, 560099.

Company Details

CIN/LLPIN
U85110KA1998PLC024139
Registration Number
024139
Incorporation Date
28 August 1998
Authorized Capital
₹15.00 Cr
Paid-Up Capital
₹10.00 Cr
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 15.00 Cr as on 25-07-2025
Paid Up Capital ₹ 10.00 Cr as on 25-07-2025
Company Age 27 Year, 6 Months
Last Filing with ROC 31 Mar 2019
Satisfied Charges ₹ 80.44 Cr as on 25-07-2025
Revenue Growth **** 15.00% (FY 2019)
Profit Growth **** -40.76% (FY 2019)
Ebitda **** 9.74% (FY 2019)
Net Worth 5.53% (FY 2019)
Total Assets **** 6.12% (FY 2019)

Comprehensive Company Insights

Explore comprehensive insights into Milltec Machinery Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Milltec Machinery Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rajendran Joghee	Managing Director	28 Aug 1998	Current
Ryan Gordon Kipp	Director	31 Jul 2019	Current
Noam Silberstein	Director	31 Jul 2019	Current
Nicolle Parker	Additional Director	31 Jul 2019	Current
Rajan Aggarwal	Ceo	14 Jun 2018	Current
Prabhakar Tadepalli	Director	23 Jul 2013	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	28 Mar 2019	Past
Pramod Abcsdd	Director	28 Mar 2019	Past
Pramod Abcsdd	Nominee Director	28 Mar 2019	Past
Pramod Abcsdd	Whole-Time Director	05 Jun 2013	Past
Pramod Abcsdd	Director	28 Mar 2019	Past
Pramod Abcsdd	Director	19 Apr 2018	Past

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Financial Performance of Milltec Machinery.

Milltec Machinery Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 15% increase. The company also saw a substantial fall in profitability, with a 40.76% decrease in profit. The company's net worth moved up by a moderate rise of 5.53%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

15.00%

*******

Revenue from Operations

*******

14.91%

*******

Total Assets

*******

6.12%

*******

Profit or Loss

*******

-40.76%

*******

Net Worth

*******

5.53%

*******

EBITDA

*******

9.74%

*******

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What is the Ownership and Shareholding Structure of Milltec Machinery?

In 2019, Milltec Machinery had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹804,400,000.00

Charges Breakdown by Lending Institutions

L & T Finance Limited : 70.00 Cr
State Bank Of India : 9.14 Cr
Sundaram Home Finance Limited : 1.30 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 May 2013	L & T Finance Limited	₹35.00 Cr	Satisfied
30 May 2013	L & T Finance Limited	₹35.00 Cr	Satisfied
28 Jan 2009	State Bank Of India	₹1.50 Cr	Satisfied
22 Sep 2006	State Bank Of India	₹1.04 Cr	Satisfied
26 Jul 2006	Sundaram Home Finance Limited	₹1.30 Cr	Satisfied

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How Many Employees Work at Milltec Machinery?

Milltec Machinery has a workforce of 415 employees as of Apr 11, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Milltec Machinery, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Milltec Machinery's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Milltec Machinery

Recent Activity within the Organization

Director Appointment

Progress on Avijit Mishra was appointed as a Company Secretary was appointed as a Company Secretary on 27 Feb 2020 & has been associated with this company since 6 years 6 days . was documented.
27 Feb 2020
Annual General Meeting

Milltec Machinery Limited last Annual general meeting of members was held on 03 Aug 2019 as per latest MCA records. was recorded as a recent event.
03 Aug 2019
Director Appointment

The activity Ryan Gordon Kipp was appointed as a Director was appointed as a Director on 31 Jul 2019 & has been associated with this company since 6 years 7 months . was completed.
31 Jul 2019
Director Appointment

Noam Silberstein was appointed as a Director was appointed as a Director on 31 Jul 2019 & has been associated with this company since 6 years 7 months . was recorded as a recent event.
31 Jul 2019
Director Appointment

Progress on Nicolle Parker was appointed as a Additional Director was appointed as a Additional Director on 31 Jul 2019 & has been associated with this company since 6 years 7 months . was documented.
31 Jul 2019
Balance Sheet

Progress on Milltec Machinery Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore. was documented.
31 Mar 2019

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