About Compete Tools Private Limited
Data last updated:
Compete Tools Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 16 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1996PTC097366. Its GSTIN is 27AABCC1097M1ZF (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Ramesh Shantilal Shah and Nishit Ramesh Shah.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 17 Floor – 1 163 Maskati Blgd Narayan Dhuru Street Pydhonie Mandvi, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.4 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹13.78 Lakh (net margin 1%) and EBITDA of ₹71.74 Lakh (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 3% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Compete Tools. As per MCA filings, the company has open charges of ₹3.99 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website competetools.in.
Company details
Contact details
Compete Tools Private Limited's registered office is in Mumbai, Maharashtra. Its website is competetools.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address17 Floor – 1 163 Maskati Blgd Narayan Dhuru Street Pydhonie Mandvi, Mumbai, Maharashtra, India – 400003
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Compete Tools Private Limited, buy the company report.
- 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
Brands
Compete Tools operates one associated brand: Compete Tools. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provision of industrial tools, equipment, and automation solutions across various sectors. | competetools.in |
Business activity
The main business activities of Compete Tools are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Compete Tools Private Limited, buy the company report.
Financials of Compete Tools Private Limited
FY 2025 filings availableCompete Tools Private Limited reported revenue of ₹13.4 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 9% growth in the latest year. EBITDA rose 7% 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
| 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 | ₹71.74 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.78 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | 1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Compete Tools Private Limited, buy the company report.
Board of directors of Compete Tools Private Limited
Compete Tools has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Shantilal Shah | Director | 16 Feb 1996 | 30 Years 8 Months | Current |
| Nishit Ramesh Shah | Director | 05 Oct 2007 | 19 Years 1 Months | Current |
Peer comparison
Compete Tools Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Itel Aerotech Private Limited | ₹13.46 Cr (FY 2024) | 52.0% | Hyderabad, Telangana, India | |||
| Compete Tools Private Limitedthis company | ₹13.4 Cr (FY 2025) | ₹13.78 Lakh | 1% | 9.0% | 11 | Mumbai, Maharashtra, India |
| RT Print Technology Private Limited | ₹13.29 Cr (FY 2025) | -21.0% | Mumbai, Maharashtra, India | |||
| Rambo Equipments Private Limited | ₹13.19 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India |
To see the full peer comparison of Compete Tools Private Limited, buy the company report.
Auditor
Compete Tools Private Limited is audited by Varaiya & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varaiya & Shah LLP | FY 2023 | 147966W/W100352 |
Shareholding
The shareholding of Compete Tools Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Compete Tools Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2020 | 100344099 | Others | ₹49 Lakh | Open | |
| 08 Dec 1997 | 90142057 | Others | ₹3.5 Cr | Open |
To see the full charge records of Compete Tools Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Compete Tools Private Limited has 1 court case on record: 1 filed by Compete Tools. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Neo Power Electronics Projects Pvt. Ltd. | Disposed |
To see the full case history of Compete Tools Private Limited, buy the company report.
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
Compete Tools Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 173 overdue payments to 12 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 12)
To see the full MSME payment records of Compete Tools Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Compete Tools Private Limited has a workforce of 11 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Compete Tools has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC1097M1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Compete Tools Private Limited, buy the company report.
Recent activity
Compete Tools Private Limited has 5 board changes on record since 1996: 2 appointments and 3 cessations. The latest: Mahendra Shantilal Shah ceased to be Director on 20 Mar 2021.
Frequently asked questions
Compete Tools is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 16 February 1996 (30+ years old) and is registered under CIN U51900MH1996PTC097366.
Compete Tools has 2 current directors:
- Ramesh Shantilal Shah - Director
- Nishit Ramesh Shah - Director
The latest financial statements of Compete Tools on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Compete Tools is 27AABCC1097M1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Compete Tools is U51900MH1996PTC097366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Compete Tools has 1 court case on record: 1 filed by the company.
Compete Tools was incorporated on 16 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Compete Tools by revenue are Itel Aerotech Private Limited, RT Print Technology Private Limited, Rambo Equipments Private Limited, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Mahendra Shantilal Shah ceased to be Director on 20 Mar 2021. Premal Mahendra Shah ceased to be Director on 20 Mar 2021. Nishit Ramesh Shah ceased to be Additional Director on 30 Sep 2008. Compete Tools has 5 board changes on record in total.
Compete Tools has 8 MSME Form 1 returns on record between 2019 and 2023, listing 173 overdue payments to 12 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Compete Tools can be reached through the website competetools.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Compete Tools is at 17 Floor – 1 163 Maskati Blgd Narayan Dhuru Street Pydhonie Mandvi, Mumbai, Maharashtra, India – 400003.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
