About Milltec Machinery Private Limited
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Milltec Machinery Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Euro Tramco B.V.. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2019PTC122150. Its GSTIN is 29AABCZ3384N1ZK (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2,572.31 Cr and a paid-up capital of ₹2,572.14 Cr. It was formerly known as Z-Agi Agricultural Equipment (India) Private Limited. It is led by directors including Ryan Gordon Kipp and Noam Silberstein.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 51/A Phase – 1 KIADB Industrial Area Bommasandra, Bengaluru, Karnataka, India – 560099.
As per the financials filed for FY 2025, the company reported a revenue of ₹809.08 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹71.32 Cr (net margin 8.8%) and EBITDA of ₹151.14 Cr (EBITDA margin 18.7%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹43.5 Cr and satisfied charges of ₹65 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company.
For more details, the company can be reached via its website aggrowth.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 51/A Phase – 1 KIADB Industrial Area Bommasandra, Bengaluru, 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
Business Activity of Milltec Machinery Private Limited
The main business activity of Milltec Machinery is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Milltec Machinery Private Limited FY 2025 filings available
Milltec Machinery Private Limited reported revenue of ₹809.08 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Milltec Machinery Private Limited
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 29% 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 Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹151.14 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹71.32 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 Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.8% | •••• | •••• | •••• | •••• |
| 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 FY 2019
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 Milltec Machinery Private Limited
Milltec Machinery Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NGC Transmission Chennai Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Phillips Machine Tools India Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Acg Pam Pharma Technologies Private Limited | •••• | •••• | •••• | •••• | 1,113 | Mumbai, Maharashtra, India |
| The Standard Type Foundry Private Limited | •••• | •••• | •••• | •••• | 709 | New Delhi, Delhi, India |
| Asb International Private Limited | •••• | •••• | •••• | •••• | 1,673 | New Delhi, Delhi, India |
| Milltec Machinery Private Limited this company | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Enpro Industries Private Limited | •••• | •••• | •••• | •••• | 637 | Pune, Maharashtra, India |
| Lloyds Engineering Works Limited Listed | •••• | •••• | •••• | •••• | 277 | Thane, Maharashtra, India |
| DVC Process Tech (India) Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Gea Process Engineering (India) Private Limited | •••• | •••• | •••• | •••• | 634 | Vadodara, Gujarat, India |
| Kirloskar Toyota Textile Machinery Private Limited | •••• | •••• | •••• | •••• | 455 | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Milltec Machinery by revenue in the Machinery and Equipment industry (Process Machinery), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Milltec Machinery Private Limited
Milltec Machinery Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | 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 Private Limited
Milltec Machinery Private Limited currently reports 3 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ryan Gordon Kipp | Director | 27 Jul 2020 | 6 Years 2 Months | Current |
| Noam Silberstein | Director | 27 Jul 2020 | 6 Years 2 Months | Current |
| Rajan Aggarwal | Ceo | 27 Jul 2020 | 6 Years 2 Months | Current |
| Paul David Householder | Director | 06 Dec 2022 | 3 Years 10 Months | Current |
Ownership and Shareholding of Milltec Machinery Private 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 Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Aug 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹43.5 Cr | Open |
| 30 Jan 2015 | State Bank of India | ₹65 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Milltec Machinery Private Limited
Milltec Machinery Private Limited has 5 court cases on record: 5 filed by Milltec Machinery. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against D N Agro Products Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against Sahota Seeds Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against JDP Agro Industries Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Maurya Agro Enterprises Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Babloo Industries | Disposed |
Full case history
All 5 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.
MSME Payment Delays by Milltec Machinery Private Limited
Milltec Machinery Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 45 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Silver Star Facility Management Private Limited | •••• | •••• | •••• |
| Axis Technology Solutions | •••• | •••• | •••• |
| Continental Cryogenics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Milltec Machinery Private Limited
Employment history and EPFO contributions of people linked to Milltec Machinery.
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.
News related to Milltec Machinery Private Limited
Recent Activity on Milltec Machinery Private Limited
Milltec Machinery Private Limited has 16 board changes on record since 2019: 5 appointments and 11 cessations. The latest: Paul David Householder ceased to be Additional Director on 13 Nov 2023.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Milltec Machinery 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.
Subsidiaries & Group Companies of Milltec Machinery 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 Milltec Machinery Private Limited
Milltec Machinery has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCZ3384N1ZK | Karnataka | Active | 27 Sep 2019 |
| 33AABCZ3384N1ZV | Tamil Nadu | Active | 01 Jun 2020 |
| 33AABCZ3384N2ZU | Tamil Nadu | Active | 24 Jan 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 Milltec Machinery 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 Milltec Machinery Private Limited
Milltec Machinery is an active private limited company based in Bengaluru, Karnataka, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 06 March 2019 (7+ years old) and is registered under CIN U29299KA2019PTC122150.
Milltec Machinery reported revenue of ₹809.08 Cr for FY 2025 (down 1% YoY).
Milltec Machinery has 4 current directors and KMP:
- Ryan Gordon Kipp - Director
- Noam Silberstein - Director
- Paul David Householder - Director
- Rajan Aggarwal - Ceo
Milltec Machinery reported a net profit of ₹71.32 Cr (net margin 8.8%) and EBITDA of ₹151.14 Cr (EBITDA margin 18.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Milltec Machinery is 16% over three years and 20% over five years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Milltec Machinery is 29AABCZ3384N1ZK, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 33AABCZ3384N1ZV (Tamil Nadu), 33AABCZ3384N2ZU (Tamil Nadu).
The CIN (Corporate Identification Number) of Milltec Machinery is U29299KA2019PTC122150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milltec Machinery has 5 court cases on record: 5 filed by the company.
Milltec Machinery was incorporated on 06 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Milltec Machinery by revenue are NGC Transmission Chennai Private Limited, Phillips Machine Tools India Private Limited, Acg Pam Pharma Technologies Private Limited, The Standard Type Foundry Private Limited, Asb International Private Limited and 5 more, all in the Machinery and Equipment industry (Process Machinery).
Paul David Householder ceased to be Additional Director on 13 Nov 2023. Rajan Aggarwal ceased to be Additional Director on 13 Nov 2023. Paul David Householder was appointed as Director on 06 Dec 2022. Milltec Machinery has 16 board changes on record in total.
Milltec Machinery has 6 MSME Form 1 returns on record between 2022 and 2024, listing 45 overdue payments to 20 micro and small suppliers. The latest return was filed on 30 Apr 2024.