About Milltec Machinery Limited
Data last updated:
Milltec Machinery Limited was a public limited company based in Karnataka, India, operated as a subsidiary of Milltec Machinery Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 28 August 1998.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1998PLC024139. Its GSTIN is 29AABCM6912D1ZM (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Milltec Machinery Private Limited. It was led by directors including Rajendran Joghee (Managing Director) and Ramaiah Ravindranath (Managing Director).
Its last annual general meeting (AGM) was held on 03 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at No 51/A Phas1 Kiadbe Indl Areabommasandra Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2019, the company reported a revenue of ₹311.95 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹18.43 Cr (net margin 5.9%) and EBITDA of ₹52.17 Cr (EBITDA margin 16.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The company had about 415 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Milltec Machinery. As per MCA filings, the company had satisfied charges of ₹80.44 Cr on record. Court records list 16 cases involving the company, including 15 filed by the company; 1 case is pending. The company has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in March 2019.
The last known website on record is milltecmachinery.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 51/A Phas1 Kiadbe Indl Areabommasandra Bangalore, Karnataka, India – 560099
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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
Financials of Milltec Machinery Limited FY 2019 filings available
Milltec Machinery Limited reported revenue of ₹311.95 Cr (up 16% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Milltec Machinery Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 16% growth in the latest year. EBITDA rose 10% 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 of Milltec Machinery Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹52.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.43 Cr | •••• | •••• | •••• | •••• |
| 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 Milltec Machinery Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• | •••• |
| 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 Milltec Machinery are in the company report.
Financial statements from 2015
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.
Auditor Details of Milltec Machinery Limited
Milltec Machinery Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Milltec Machinery Limited
Milltec Machinery Limited currently reports 9 directors and 2 key managerial personnel. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendran Joghee Also directs: July Ventures LLP, Apit Machinery Private Limited, Natura Agro Fuels Private Limited and 3 more | Managing Director | 28 Aug 1998 | 28 Years 1 Months | As last reported |
| Ryan Gordon Kipp Also directs: Milltec Machinery Private Limited | Director | 31 Jul 2019 | 7 Years 2 Months | As last reported |
| Noam Silberstein Also directs: Milltec Machinery Private Limited | Director | 31 Jul 2019 | 7 Years 2 Months | As last reported |
| Nicolle Parker | Additional Director | 31 Jul 2019 | 7 Years 2 Months | As last reported |
| Rajan Aggarwal Also directs: Milltec Machinery Private Limited | Ceo | 14 Jun 2018 | 8 Years 3 Months | As last reported |
| Prabhakar Tadepalli | Director | 23 Jul 2013 | 13 Years 2 Months | As last reported |
Ownership and Shareholding of Milltec Machinery Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Milltec Machinery Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2013 | L & T Finance Limited | ₹35 Cr | Satisfied |
| 30 May 2013 | L & T Finance Limited | ₹35 Cr | Satisfied |
| 28 Jan 2009 | State Bank of India | ₹1.5 Cr | Satisfied |
| 22 Sep 2006 | State Bank of India | ₹1.04 Cr | Satisfied |
| 26 Jul 2006 | Sundaram Home Finance Limited | ₹1.3 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Milltec Machinery Limited
Milltec Machinery Limited has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in March 2019.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Multiples Private Equity, 3 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2014 | Rights issue | ₹3.39 Cr | Investors: 2 individuals |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Multiples Private Equity Seller: 4 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Milltec Machinery Limited
Milltec Machinery Limited has 16 court cases on record: 15 filed by Milltec Machinery, 1 where it is another party. 1 case is pending and 15 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against Shri Vinayak Ricetech Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Company is another party | Pending |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed by the company against an individual | Disposed |
Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Milltec Machinery Limited
Milltec Machinery operates one associated brand: Milltec Machinery. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Machines and systems for grain processing are produced. | milltecmachinery.com |
Employees and EPFO Compliance at Milltec Machinery Limited
Milltec Machinery Limited has a workforce of 415 employees as of Apr 11, 2024.
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.
CIN History of Milltec Machinery Limited
Milltec Machinery has one previous CIN (Corporate Identification Number): U85110KA1998PTC024139. The current CIN is U85110KA1998PLC024139, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1998PLC024139 | Current |
| U85110KA1998PTC024139 | Previous |
News related to Milltec Machinery Limited
Recent Activity on Milltec Machinery Limited
Milltec Machinery Limited has 23 board changes on record since 1998: 11 appointments and 12 cessations. The latest: Nicolle Parker was appointed as Additional Director on 31 Jul 2019.
30 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Milltec Machinery 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 Milltec Machinery 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 Milltec Machinery 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 Milltec Machinery Limited
Milltec Machinery has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM6912D1ZM | Karnataka | Active | 01 Jul 2017 |
| 33AABCM6912D1ZX | Tamil Nadu | Active | 01 Jul 2017 |
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 Milltec Machinery 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 Milltec Machinery Limited
Milltec Machinery has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Milltec Machinery was a public limited company based in Karnataka, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 28 August 1998 and is registered under CIN U85110KA1998PLC024139. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Milltec Machinery was incorporated on 28 August 1998. It is registered with the Registrar of Companies, Bangalore.
Milltec Machinery had 11 directors and KMP:
- Rajendran Joghee - Managing Director
- Ramaiah Ravindranath - Managing Director
- Ryan Gordon Kipp - Director
- Noam Silberstein - Director
- Nicolle Parker - Additional Director
- Prabhakar Tadepalli - Director
- Nirupama Vellore Ganapathy - Director
- Timothy Close - Director
- Steven Robert Sommerfeld - Director
- Rajan Aggarwal - Ceo
- Ganapathy Subramaniam - Cfo
The CIN (Corporate Identification Number) of Milltec Machinery is U85110KA1998PLC024139. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Milltec Machinery is at No 51A Phas1 Kiadbe Indl Areabommasandra Bangalore, Karnataka, India – 560099.
Milltec Machinery can be reached through the website milltecmachinery.com. Its registered office is in Karnataka, India.
Milltec Machinery reported revenue of ₹311.95 Cr for FY 2019 (up 16% YoY).
Milltec Machinery has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10 Cr.
Milltec Machinery reported a net profit of ₹18.43 Cr (net margin 5.9%) and EBITDA of ₹52.17 Cr (EBITDA margin 16.7%) for FY 2019, as per its filed financial statements.