About Conmat Heavy Industries Private Limited
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Conmat Heavy Industries Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Kyb Corporation. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 19 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29248GJ2007PTC052387. Its GSTIN is 24AADCC6772B1ZY (Gujarat). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.66 Cr. It was formerly known as Conmat Systems Private Limited. It is led by directors including Premraj Keshyep (Managing Director) and Chandrakant Madhusudan Munshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 702 – 703 N.H. 8 Por, Vadodara, Gujarat, India – 391243.
As per the financials filed for FY 2025, the company reported a revenue of ₹341.75 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹11.93 Cr (net margin 3.5%) and EBITDA of ₹16.18 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
The company has about 443 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: KYB Conmat. As per MCA filings, the company has open charges of ₹103.7 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹16.99 Cr; the latest was in January 2025. Its 4 peer companies in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 3 smaller; the largest is Gainwell Engineering Private Limited with revenue of ₹489.99 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,071 overdue payments to 82 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website conmatindia.com.
Company details
Name history
Conmat Heavy Industries has undergone 2 name changes throughout its history. The company was previously known as Conmat Systems Private Limited, and Conmat Heavy Industries Private Limited. The current legal name is Conmat Heavy Industries Private Limited.
| Company Name | Status |
|---|---|
| Conmat Heavy Industries Private Limited | Current |
| Conmat Systems Private Limited | Previous |
Contact details
Conmat Heavy Industries Private Limited's registered office is in Vadodara, Gujarat. Its website is conmatindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address702 – 703 N.H. 8 Por, Vadodara, Gujarat, India – 391243
- IndustryMachinery and Equipment, Construction Machinery & Equipment
To see the full contact details of Conmat Heavy Industries 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
Conmat Heavy Industries operates one associated brand: KYB Conmat. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality construction equipment, specializing in concrete solutions. | conmatindia.com |
Business activity
The main business activities of Conmat Heavy Industries are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, repair & installation of machinery & equipment, motor vehicles and retail trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Conmat Heavy Industries Private Limited, buy the company report.
Financials of Conmat Heavy Industries Private Limited
FY 2025 filings availableConmat Heavy Industries Private Limited reported revenue of ₹341.75 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 20% growth in the latest year. EBITDA rose 354% 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 | ₹341.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.93 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Conmat Heavy Industries Private Limited, buy the company report.
Board of directors of Conmat Heavy Industries Private Limited
Conmat Heavy Industries has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrakant Madhusudan Munshi | Whole-Time Director | 15 Oct 2009 | 17 Years 0 Months | Current |
| Norio Nasu | Whole-Time Director | 01 Sep 2020 | 6 Years 1 Months | Current |
| Jun Katsuki | Director | 22 Jul 2022 | 4 Years 3 Months | Current |
| Premraj Keshyep | Managing Director | 19 Dec 2007 | 18 Years 10 Months | Current |
Peer comparison
Conmat Heavy Industries Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gainwell Engineering Private Limited | ₹489.99 Cr (FY 2025) | 93.0% | Kolkata, West Bengal, India | |||
| Conmat Heavy Industries Private Limitedthis company | ₹341.75 Cr (FY 2025) | ₹11.93 Cr | 3.5% | 20.0% | 443 | Vadodara, Gujarat, India |
| Dynamic Prestress India Pvt Ltd | ₹300.62 Cr (FY 2025) | -23.0% | Mumbai, Maharashtra, India | |||
| Putzmeister India Private Limited | ₹244.44 Cr (FY 2025) | 5.0% | Goa, India | |||
| Complete Surveying Technologies Private Limited | ₹231.79 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Conmat Heavy Industries Private Limited, buy the company report.
Auditor
Conmat Heavy Industries Private Limited is audited by For B S R & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For B S R & Co LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Conmat Heavy Industries Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Conmat Heavy Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2026 | 101293023 | Others | ₹81.25 Lakh | Open | |
| 27 Apr 2026 | 101285144 | Others | ₹1.2 Cr | Open | |
| 09 Apr 2026 | 101283683 | Others | ₹2 Cr | Open | |
| 07 Jan 2023 | 100669761 | State Bank of India | ₹18 Lakh | Open | |
| 01 Dec 2022 | 100665150 | State Bank of India | ₹18.8 Lakh | Open |
To see the full charge records of Conmat Heavy Industries Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Conmat Heavy Industries Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹16.99 Cr; the latest was in January 2025.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: Conmat Projects Private Limited Seller: Kyb Corporation |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: Kyb Corporation Seller: 2 individuals |
| Feb 2013 | Funding round | ₹12 Cr | Investors: Kyb Corporation, an individual |
| Mar 2010 | Funding round | ₹4.99 Cr | Investors: 2 individuals |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Conmat Heavy Industries Private Limited has 9 court cases on record: 8 filed by Conmat Heavy Industries, 1 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 3 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Apm Design Build Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Spectra Constructions and Infrastructure Private Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Apm Design Build Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Spectra Constructions and Infrastructure Private Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Shilpa Projects and Infrastructure Pvt Ltd | Pending |
To see the full case history of Conmat Heavy Industries 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.
Credit ratings & regulatory alerts
Conmat Heavy Industries Private Limited was last rated by Care on 02 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 02 Aug 2022 |
To see the full credit ratings and regulatory alerts of Conmat Heavy Industries Private Limited, buy the company report.
MSME payment delays
Conmat Heavy Industries Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,071 overdue payments to 82 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 82)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| S R Belting Private Limited | |||
| Integrated Services | |||
| Rajeev Metal Industries | |||
| Dan Hydraulics |
To see the full MSME payment records of Conmat Heavy Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Conmat Heavy Industries Private Limited has a workforce of 443 employees on its EPFO records as of Nov 28, 2025, across 1 active EPFO establishment.
GST
Conmat Heavy Industries has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCC6772B1ZY | Gujarat | Active | 01 Jul 2017 |
| 24AADCC6772B2ZX | Gujarat | Active | 20 Mar 2025 |
| 29AADCC6772B1ZO | Karnataka | Active | 01 Jul 2017 |
| 23AADCC6772B1Z0 | Madhya Pradesh | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Conmat Heavy Industries Private Limited, buy the company report.
Recent activity
Conmat Heavy Industries Private Limited has 18 board changes on record since 2007: 4 appointments and 14 cessations. The latest: Atsushi Okubo ceased to be Additional Director on 22 Sep 2024.
18 earlier events are in the company report.
Frequently asked questions
Conmat Heavy Industries is an active private limited company based in Vadodara, Gujarat, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 19 December 2007 (19+ years old) and is registered under CIN U29248GJ2007PTC052387.
Conmat Heavy Industries has 4 current directors:
- Premraj Keshyep - Managing Director
- Chandrakant Madhusudan Munshi - Whole-Time Director
- Norio Nasu - Whole-Time Director
- Jun Katsuki - Director
The latest financial statements of Conmat Heavy Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Conmat Heavy Industries is 24AADCC6772B1ZY, registered in Gujarat. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 24AADCC6772B2ZX (Gujarat), 29AADCC6772B1ZO (Karnataka), 23AADCC6772B1Z0 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Conmat Heavy Industries is U29248GJ2007PTC052387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Conmat Heavy Industries has 9 court cases on record: 8 filed by the company and 1 filed against it. 3 are pending.
Conmat Heavy Industries was incorporated on 19 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Conmat Heavy Industries has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹16.99 Cr; the latest was in January 2025.
The peers of Conmat Heavy Industries by revenue are Gainwell Engineering Private Limited, Dynamic Prestress India Pvt Ltd, Putzmeister India Private Limited, Complete Surveying Technologies Private Limited, all in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Atsushi Okubo ceased to be Additional Director on 22 Sep 2024. Ichio . Nemoto ceased to be Additional Director on 01 Apr 2024. Hajime Sato ceased to be Additional Director on 24 Aug 2022. Conmat Heavy Industries has 18 board changes on record in total.
Conmat Heavy Industries has 16 MSME Form 1 returns on record between 2019 and 2024, listing 1,071 overdue payments to 82 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Conmat Heavy Industries can be reached through the website conmatindia.com. Its registered office is in Vadodara, Gujarat, India.