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 6 cases involving the company, including 6 filed by the company.
For more details, the company can be reached via its website aggrowth.com.
Company details
Contact details
Milltec Machinery Private Limited's registered office is in Bengaluru, Karnataka. Its website is aggrowth.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 51/A Phase – 1 KIADB Industrial Area Bommasandra, Bengaluru, Karnataka, India – 560099
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Milltec Machinery 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Milltec Machinery Private Limited, buy the company report.
Financials of Milltec Machinery Private Limited
FY 2025 filings availableMilltec Machinery Private Limited reported revenue of ₹809.08 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹151.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.32 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Milltec Machinery Private Limited, buy the company report.
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 3 Months | Current |
| Noam Silberstein | Director | 27 Jul 2020 | 6 Years 3 Months | Current |
| Rajan Aggarwal | Ceo | 27 Jul 2020 | 6 Years 3 Months | Current |
| Paul David Householder | Director | 06 Dec 2022 | 3 Years 10 Months | Current |
Peer comparison
Milltec Machinery Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), 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 |
|---|---|---|---|---|---|---|
| NGC Transmission Chennai Private Limited | ₹992.1 Cr (FY 2025) | 72.0% | Chennai, Tamil Nadu, India | |||
| Acg Pam Pharma Technologies Private Limited | ₹911.97 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Milltec Machinery Private Limitedthis company | ₹809.08 Cr (FY 2025) | ₹71.32 Cr | 8.8% | -1.0% | Bengaluru, Karnataka, India | |
| Enpro Industries Private Limited | ₹805.61 Cr (FY 2025) | 32.0% | Pune, Maharashtra, India | |||
| Lloyds Engineering Works Limited | ₹777.96 Cr (FY 2025) | 23.0% | Thane, Maharashtra, India | |||
| Gea Process Engineering (India) Private Limited | ₹737.05 Cr (FY 2025) | -9.0% | Vadodara, Gujarat, India | |||
| Kirloskar Toyota Textile Machinery Private Limited | ₹670 Cr (FY 2025) | -21.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Milltec Machinery Private Limited, buy the company report.
Auditor
Milltec Machinery Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Milltec Machinery 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 Milltec Machinery Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2020 | 100361018 | The Hongkong and Shanghai Banking Corporation Limited | ₹43.5 Cr | Open | |
| 30 Jan 2015 | 10555181 | State Bank of India | ₹65 Cr | Satisfied |
To see the full charge records of Milltec Machinery Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Milltec Machinery Private Limited has 6 court cases on record: 6 filed by Milltec Machinery. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against D.N Agro Products Pvt. Ltd and 1 other | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against Sahota Seeds Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Maurya Agro Enterprises Pvt Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S JDP Agro Industries Pvt Ltd and 2 others | Disposed |
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Milltec Machinery 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
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 |
To see the full MSME payment records of Milltec Machinery Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
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 |
To see the full GST registrations and return filing status of Milltec Machinery Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 4 current directors and KMP:
- Ryan Gordon Kipp - Director
- Noam Silberstein - Director
- Paul David Householder - Director
- Rajan Aggarwal - Ceo
The latest financial statements of Milltec Machinery on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2019 are in the company report.
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 6 court cases on record: 6 filed by the company. Most are in the district courts.
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, Acg Pam Pharma Technologies Private Limited, Enpro Industries Private Limited, Lloyds Engineering Works Limited, Gea Process Engineering (India) Private Limited and 1 more, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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.
Milltec Machinery can be reached through the website aggrowth.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Milltec Machinery is at No. 51A Phase – 1 KIADB Industrial Area Bommasandra, Bengaluru, Karnataka, India – 560099.
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