MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-11-0008446
Karnad Gases Private Limited
Karnad Gases Private Limited - chemicals and materials in Mulky, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.65 Cr
▲ 25% YoY
Net profit · FY 2024
₹2.33 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹27.02 Lakh
EBITDA margin 5.8%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹1.78 Cr
Satisfied ₹63.25 Lakh
Company age
26 yrs
Est. 2000
Employees · EPFO
14
Provident fund records
About Karnad Gases Private Limited
Data last updated:
Karnad Gases Private Limited is a private limited company based in Mulky, Karnataka, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 23 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24111KA2000PTC026438. Its GSTIN is 29AABCK4467D1ZI (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Uday Kulyadi Pai (Managing Director) and Kulyadi Narasimha Pai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.28A KIADB Industrial Area Karnad, Mulky, Karnataka, India – 574154.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.65 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.33 Lakh (net margin 0.5%) and EBITDA of ₹27.02 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 11% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.78 Cr and satisfied charges of ₹63.25 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
Karnad Gases Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-11-0008446). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24111KA2000PTC026438
Registration Number 026438
Incorporation Date 23 February 2000
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-11-0008446
Recognitions & Rankings of Karnad Gases
Contact details
Karnad Gases Private Limited's registered office is in Mulky, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No.28A KIADB Industrial Area Karnad, Mulky, Karnataka, India – 574154
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Karnad Gases Private Limited, buy the company report.
Comprehensive company report
Karnad Gases Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Karnad Gases is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Karnad Gases Private Limited, buy the company report.
Financials of Karnad Gases Private Limited
FY 2025 filings availableKarnad Gases Private Limited reported revenue of ₹4.65 Cr (up 25% YoY) for FY 2024.
Revenue · FY 2024
₹4.65 Cr ▲ 25%
Net profit · FY 2024
₹2.33 Lakh margin 0.5%
EBITDA · FY 2024
₹27.02 Lakh margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 16%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 10%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 25% growth in the latest year. EBITDA rose 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹27.02 Lakh | ||||
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| Net Profit (PAT) | ₹2.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Karnad Gases Private Limited, buy the company report.
Board of directors of Karnad Gases Private Limited
Karnad Gases has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kulyadi Narasimha Pai | Director | 23 Feb 2000 | 26 Years 8 Months | Current |
| Uday Kulyadi Pai | Managing Director | 23 Feb 2000 | 26 Years 8 Months | Current |
Auditor
Karnad Gases Private Limited is audited by U CHAITRA NAYAK & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U CHAITRA NAYAK & CO | FY 2019 | 013993S |
Shareholding
The shareholding of Karnad Gases Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Karnad Gases Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.78 Cr
Satisfied charges
₹63.25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2024 | 100965685 | Others | ₹17.8 Lakh | Open | |
| 13 Apr 2007 | 10048290 | Others | ₹1.6 Cr | Open | |
| 19 Mar 2013 | 10419134 | Corporation Bank | ₹34 Lakh | Satisfied | |
| 26 Jun 2002 | 90198143 | Union Bank of India | ₹5 Lakh | Satisfied | |
| 26 May 2002 | 90198131 | Union Bank of India | ₹5 Lakh | Satisfied |
To see the full charge records of Karnad Gases Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Karnad Gases Private Limited has 2 court cases on record: 2 filed by Karnad Gases. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Court case (Com. O.S.) | Filed by the company against M/S. Albanna Engineering (India) Pvt. Ltd and 3 others | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Civil suit | Filed by the company against M/S Albanna Engineering(India) Pvt. Limited and 3 others | Disposed |
To see the full case history of Karnad Gases 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
No delayed payments to MSME suppliers are on our record for Karnad Gases Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karnad Gases Private Limited has a workforce of 14 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
GST
Karnad Gases has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCK4467D1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnad Gases Private Limited, buy the company report.
Recent activity
Karnad Gases Private Limited has 4 board changes on record since 2000: 2 appointments and 2 cessations. The latest: Niddodi Ganesh Kamath ceased to be Director on 12 Mar 2024.
AGM
Karnad Gases Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Karnad Gases Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 160.00 Lakh registered on 13 Apr 2007 with Charge ID 10048290 was modified on 13 Dec 2024.
Charges
A charge with Others of Rs. 17.80 Lakh registered on 29 Jun 2024 with Charge ID 100965685 was modified on 05 Sep 2024.
Charges
A charge with Others amounted to Rs. 17.80 Lakh with Charge ID 100965685 was registered on 29 Jun 2024.
Charges
A charge registered on 19 Mar 2013 via Charge ID 10419134 with Corporation Bank was fully satisfied on 07 May 2024.
Ceased
Niddodi Ganesh Kamath ceased to be Director.
Ceased
Pramod Mangalore Mallya ceased to be Director.
Charges
A charge with Corporation Bank amounted to Rs. 34.00 Lakh with Charge ID 10419134 was registered on 19 Mar 2013.
Charges
A charge registered on 26 Jun 2002 via Charge ID 90198143 with Union Bank Of India was fully satisfied on 16 Apr 2007.
Charges
A charge registered on 26 May 2002 via Charge ID 90198131 with Union Bank Of India was fully satisfied on 16 Apr 2007.
Charges
A charge registered on 26 Mar 2002 via Charge ID 90198100 with Union Bank Of India was fully satisfied on 16 Apr 2007.
10 earlier events are in the company report.
Frequently asked questions
Karnad Gases is an active private limited company based in Mulky, Karnataka, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 23 February 2000 (26+ years old) and is registered under CIN U24111KA2000PTC026438.
Karnad Gases has 2 current directors:
- Uday Kulyadi Pai - Managing Director
- Kulyadi Narasimha Pai - Director
The latest financial statements of Karnad Gases on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnad Gases is 29AABCK4467D1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Karnad Gases is U24111KA2000PTC026438. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnad Gases has 2 court cases on record: 2 filed by the company.
Karnad Gases was incorporated on 23 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Niddodi Ganesh Kamath ceased to be Director on 12 Mar 2024. Pramod Mangalore Mallya ceased to be Director on 30 Sep 2016. Kulyadi Narasimha Pai was appointed as Director on 23 Feb 2000. Karnad Gases has 4 board changes on record in total.
Yes, Karnad Gases is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-11-0008446).
The registered office of Karnad Gases is at Plot No.28A KIADB Industrial Area Karnad, Mulky, Karnataka, India – 574154.