MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0160705
Market Cap
₹1,717 Cr
MILLWORKS · BSE
Share Price
₹939.70
-3.57% today
Revenue
₹149 Cr
FY 2025-26 · +573.2% YoY
EBITDA
₹51.95 Cr
Margin 34.9%
Net Profit
₹37.11 Cr
FY 2025-26 · +606.9% YoY
ROE
69.9%
ROCE 80.5%
Debt / Equity
0.25
Interest cover 6.9x
Authorised capital
₹18 Cr
Registered with MCA
About Millworks Technologies Limited
Data last updated:
Millworks Technologies Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 01 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29200KA2021PLC153863. Its GSTIN is 29AAPCM1415P1ZV (Karnataka). It is a listed company as per MCA records. Its shares are listed on BSE: 544826.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹17.61 Cr. It was formerly known as Millworks Technologies Private Limited. It is led by directors including Sridhar Acharya (Managing Director) and Sowmya Madhu (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹148.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹37.11 Cr (net margin 24.9%) and EBITDA of ₹51.95 Cr (EBITDA margin 34.9%). The net worth stands at ₹82.67 Cr (up 254.7% YoY). Total assets are valued at ₹100.14 Cr (up 202.3% YoY).
The company has about 56 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹38.03 Cr and satisfied charges of ₹2 Cr on record. The company has 1 deal on record (1 ipo); the latest was in July 2026.
Millworks Technologies Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0160705). For more details, the company can be reached via its website millworksindia.com.
Company details
CIN U29200KA2021PLC153863
Registration Number 153863
Incorporation Date 01 November 2021
ROC Bangalore
Listing Status Listed - Listed on BSE (544826)
Company Status Active
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0160705
CIN history
Millworks Technologies has one previous CIN (Corporate Identification Number): U29200KA2021PTC153863. The current CIN is U29200KA2021PLC153863, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29200KA2021PLC153863 | Current |
| U29200KA2021PTC153863 | Previous |
Key People
Sridhar Acharya Managing Director Sowmya Madhu Whole-Time Director Madhu Hulisandra Krishnamurthy Whole-Time Director Recognitions & Rankings of Millworks Technologies
Contact details
Millworks Technologies Limited's registered office is in Bangalore, Karnataka.
- Registered AddressNo.458/1 10th A Cross Phase – 4, Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Tools & Components
Comprehensive company report
Millworks Technologies 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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Business activity
The main business activity of Millworks Technologies is manufacturing. In detail, this covers manufacture of other transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 30 | Manufacture of other transport equipment |
To see the full business activity and turnover split of Millworks Technologies Limited, buy the company report.
Financials of Millworks Technologies Limited
FY 2025-26 filings availableMillworks Technologies Limited reported revenue of ₹148.77 Cr (up 573.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹149 Cr
+573.2% YoY
EBITDA
₹51.95 Cr
+569.5% YoY
Profit After Tax
₹37.11 Cr
+606.9% YoY
Net Worth
₹82.67 Cr
+254.7% YoY
Total Assets
₹100 Cr
+202.3% YoY
Total Debt
₹17.01 Cr
+76.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 149 | 22.10 | 9.39 | 1.77 |
| Revenue growth | +573.2% | +135.4% | +430.5% | - |
| EBITDA | 51.95 | 7.76 | 2.80 | 0.46 |
| EBITDA margin | +34.9% | +35.1% | +29.8% | +26.0% |
| Profit before tax | 50.23 | 7.09 | 2.40 | 0.40 |
| Net profit | 37.11 | 5.25 | 1.98 | 0.33 |
| Net profit margin | +24.9% | +23.8% | +21.1% | +18.6% |
| EPS (₹) | 29.02 | 898.80 | 390.76 | 66.18 |
| Balance sheet | ||||
| Total assets | 100 | 33.13 | 6.94 | 2.68 |
| Net worth | 82.67 | 23.31 | 2.33 | 0.38 |
| Total debt | 17.01 | 9.62 | 4.57 | 2.30 |
| Cash & bank | 1.35 | 1.95 | 0.04 | 0.08 |
| Net working capital | 55.74 | 13.31 | 3.51 | 2.14 |
| Cash flow | ||||
| Cash from operations | (10.76) | (2.92) | 0.58 | (1.72) |
| Cash from investing | (16.27) | (9.77) | (2.69) | (0.48) |
| Cash from financing | 27.17 | 13.27 | 2.07 | 2.28 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 149 | 22.10 | 9.39 | 1.77 |
| Revenue growth | +573.2% | +135.4% | +430.5% | - |
| Other income | 4.63 | 0.32 | 0.01 | 0.01 |
| Total expenses | 96.82 | 14.34 | 6.59 | 1.31 |
| Employee cost | 7.65 | 3.55 | 1.81 | 0.00 |
| EBITDA | 51.95 | 7.76 | 2.80 | 0.46 |
| EBITDA margin | +34.9% | +35.1% | +29.8% | +26.0% |
| Depreciation | 2.95 | 0.31 | 0.10 | 0.02 |
| Interest | 3.40 | 0.68 | 0.31 | 0.05 |
| Profit before tax | 50.23 | 7.09 | 2.40 | 0.40 |
| Tax | 13.17 | 1.84 | 0.42 | 0.07 |
| Net profit | 37.11 | 5.25 | 1.98 | 0.33 |
| Net profit margin | +24.9% | +23.8% | +21.1% | +18.6% |
| EPS (₹) | 29.02 | 898.80 | 390.76 | 66.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 12.77 | 0.06 | 0.05 | 0.05 |
| Reserves & surplus | 69.90 | 23.25 | 2.28 | 0.33 |
| Shareholders' funds (net worth) | 82.67 | 23.31 | 2.33 | 0.38 |
| Secured loans | 13.11 | 5.35 | 1.73 | 1.18 |
| Unsecured loans | 3.90 | 4.27 | 2.84 | 1.12 |
| Total debt | 17.01 | 9.62 | 4.57 | 2.30 |
| Total liabilities | 100 | 33.13 | 6.94 | 2.68 |
| Assets | ||||
| Gross block | 28.47 | 13.31 | 2.14 | 0.48 |
| Net block | 25.08 | 12.87 | 2.02 | 0.46 |
| Capital work in progress | 1.87 | 2.00 | 1.03 | 0.00 |
| Investments | 5.75 | 0.00 | 0.00 | 0.00 |
| Inventories | 11.47 | 7.51 | 3.61 | 1.45 |
| Sundry debtors | 139 | 6.81 | 1.88 | 0.69 |
| Cash & bank balances | 1.35 | 1.95 | 0.04 | 0.08 |
| Loans & advances | 2.46 | 3.74 | 1.65 | 1.01 |
| Total current assets | 154 | 20.01 | 7.18 | 3.23 |
| Total current liabilities | 98.23 | 6.70 | 3.67 | 1.09 |
| Net working capital | 55.74 | 13.31 | 3.51 | 2.14 |
| Total assets | 100 | 33.13 | 6.94 | 2.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.62 | 0.04 | 0.08 | 0.00 |
| Net cash from operating activities | (10.76) | (2.92) | 0.58 | (1.72) |
| Net cash from investing activities | (16.27) | (9.77) | (2.69) | (0.48) |
| Net cash from financing activities | 27.17 | 13.27 | 2.07 | 2.28 |
| Net change in cash | 0.14 | 0.58 | (0.04) | 0.07 |
| Closing cash | 1.35 | 1.95 | 0.04 | 0.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +573.2% | +135.4% | +430.5% | - |
| EBITDA growth | +569.5% | +177.1% | +508.7% | - |
| PBT growth | +608.5% | +195.4% | +500.0% | +9997.0% |
| Net income growth | +606.9% | +165.2% | +500.0% | - |
| Revenue CAGR (3Y) | +338.0% | - | - | - |
| EBITDA CAGR (3Y) | +383.4% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +24.9% | +23.8% | +21.1% | +18.6% |
| Return on capital employed | +80.5% | +38.7% | +55.7% | +16.8% |
| Return on net worth | +69.9% | +41.0% | +143.9% | +86.8% |
| Debt / equity | 0.25 | 0.55 | 2.53 | 6.05 |
| Long-term debt / equity | 0.13 | 0.27 | 0.33 | 0.47 |
| Interest cover | 6.94 | 9.13 | 11.48 | 11.36 |
| Efficiency & per share | ||||
| Fixed asset turnover | 7.12 | 2.86 | 7.17 | 3.69 |
| Inventory turnover | 15.68 | 3.97 | 3.71 | 1.22 |
| Debtors turnover | 2.04 | 5.09 | 7.31 | 2.57 |
| EPS (₹) | 29.02 | 898.80 | 390.76 | 66.18 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 64.73 | 3,991.87 | 465.96 | 75.20 |
To see the full year-wise statements and ratios of Millworks Technologies Limited, buy the company report.
Board of directors of Millworks Technologies Limited
Millworks Technologies has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sowmya Madhu | Whole-Time Director | 01 Nov 2021 | 5 Years 0 Months | Current |
| Sridhar Acharya | Managing Director | 01 Nov 2021 | 5 Years 0 Months | Current |
| Madhu Hulisandra Krishnamurthy Also directs: Yaana Aero Precision Private Limited | Whole-Time Director | 01 Nov 2021 | 5 Years 0 Months | Current |
| Rashmi Sridhar Acharya Also directs: Grynn Advanced Private Limited | Director | 01 Nov 2021 | 5 Years 0 Months | Current |
| Subramanian Ganesan Also directs: Southern Wind Farms Limited, Global Wind Power Limited | Director | 22 Nov 2025 | 0 Years 11 Months | Current |
| Maniyil Indrabalan Also directs: Vdut-Ai Private Limited, Unifi Mutual Fund Trustee Private Limited, Vdut Photonics Private Limited and 1 more | Director | 22 Nov 2025 | 0 Years 11 Months | Current |
Charges & borrowings
Open charges
₹38.03 Cr
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2026 | 101394682 | Axis Bank Limited | ₹15.5 Cr | Open | |
| 19 Aug 2026 | 101398767 | Axis Bank Limited | ₹8.25 Cr | Open | |
| 13 Aug 2025 | 101152813 | Axis Bank Limited | ₹8.3 Cr | Open | |
| 13 Aug 2025 | 101152815 | Axis Bank Limited | ₹75 Lakh | Open | |
| 31 May 2025 | 101112596 | Others | ₹83.84 Lakh | Open |
To see the full charge records of Millworks Technologies Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Millworks Technologies Limited has 1 deal on record (1 ipo); the latest was in July 2026.
Total deals
1
IPO
1
To see the full deal history of Millworks Technologies 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
No court or tribunal cases involving Millworks Technologies Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Millworks Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Millworks Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCM1415P1ZV | Karnataka | Active | 01 Mar 2022 |
To see the full GST registrations and return filing status of Millworks Technologies Limited, buy the company report.
Recent activity
Millworks Technologies Limited has 13 board changes on record since 2021: 7 appointments and 6 cessations. The latest: Maniyil Indrabalan ceased to be Additional Director on 21 Dec 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 15.50 Cr with Charge ID 101394682 was registered on 08 Sep 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 8.25 Cr with Charge ID 101398767 was registered on 19 Aug 2026.
Filing
Millworks Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Ceased
Maniyil Indrabalan ceased to be Additional Director.
Ceased
Rashmi Sridhar Acharya ceased to be Director.
Appointed
Maniyil Indrabalan was appointed as Director.
Appointed
Subramanian Ganesan was appointed as Director.
Ceased
Madhu Hulisandra Krishnamurthy ceased to be Director.
Ceased
Sowmya Madhu ceased to be Director.
Ceased
Sridhar Acharya ceased to be Director.
Appointed
Srivathsan Narasimhan Kumbakonam was appointed as Company Secretary.
Ceased
Srivathsan Narasimhan Kumbakonam ceased to be Company Secretary.
16 earlier events are in the company report.
Frequently asked questions
Millworks Technologies is an active public limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 01 November 2021 (5+ years old) and is registered under CIN U29200KA2021PLC153863. Listed on BSE: 544826.
Millworks Technologies reported revenue of ₹148.77 Cr for FY 2025-26 (up 573.2% YoY) based on standalone financials.
Millworks Technologies has 6 current directors:
- Sridhar Acharya - Managing Director
- Sowmya Madhu - Whole-Time Director
- Madhu Hulisandra Krishnamurthy - Whole-Time Director
- Rashmi Sridhar Acharya - Director
- Subramanian Ganesan - Director
- Maniyil Indrabalan - Director
The latest financial statements of Millworks Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Millworks Technologies is 29AAPCM1415P1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Millworks Technologies is U29200KA2021PLC153863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Millworks Technologies is a listed company as per MCA records. Its shares are listed on BSE (code: 544826).
Millworks Technologies was incorporated on 01 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Millworks Technologies has 1 deal on record (1 ipo); the latest was in July 2026.
Maniyil Indrabalan ceased to be Additional Director on 21 Dec 2025. Rashmi Sridhar Acharya ceased to be Director on 28 Nov 2025. Maniyil Indrabalan was appointed as Director on 22 Nov 2025. Millworks Technologies has 13 board changes on record in total.
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