About Karnataka State Minerals Corporation Limited
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Karnataka State Minerals Corporation Limited is a public limited state government company based in Bangalore, Karnataka, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 13 May 1966 and has been in existence for over 60 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1966SGC001620. Its GSTIN is 29AACCM2873L1Z0 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6 Cr. It was formerly known as Mysore Minerals Limited. It is led by directors including Basavaraju (Managing Director) and Jayavibhava Swamy (Managing Director).
Its last annual general meeting (AGM) was held on 26 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bmtc Shantinagar Ttmc Building 'A' Block 5th Floor Shanthinagar, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,403.59 Cr, a growth of 85% compared to the previous year. For the same year it recorded a net profit of ₹643.2 Cr (net margin 45.8%) and EBITDA of ₹878.36 Cr (EBITDA margin 62.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 50% over five years.
The company has about 372 employees on its provident fund (EPFO) records.
Court records list 670 cases involving the company, including 174 filed by the company and 496 filed against it; 66 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in November 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ksmcl.org.
Company details
CIN history
Karnataka State Minerals Corporation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U85110KA1966SGC001620, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1966SGC001620 | Current |
| U85110KA1966PLC001620 | Previous |
| U85110KA1966PTC001620 | Previous |
Contact details
Karnataka State Minerals Corporation Limited's registered office is in Bangalore, Karnataka. Its website is ksmcl.org. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBmtc Shantinagar Ttmc Building 'A' Block 5th Floor Shanthinagar, Bangalore, Karnataka, India – 560027
- IndustryMetals and Minerals, Other Metals & Minerals, Mining & Mineral Extraction
To see the full contact details of Karnataka State Minerals Corporation 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 Karnataka State Minerals Corporation is mining and quarrying. In detail, this covers mining of metal ores.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B3 | Mining of Metal Ores |
To see the full business activity and turnover split of Karnataka State Minerals Corporation Limited, buy the company report.
Financials of Karnataka State Minerals Corporation Limited
FY 2024 filings availableKarnataka State Minerals Corporation Limited reported revenue of ₹1,403.59 Cr (up 85% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 85% growth in the latest year. EBITDA rose 81% 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 | ₹878.36 Cr | ||||
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| Net Profit (PAT) | ₹643.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 62.6% | ||||
| Net Profit Margin | 45.8% | ||||
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To see the full financial statements and ratios of Karnataka State Minerals Corporation Limited, buy the company report.
Board of directors of Karnataka State Minerals Corporation Limited
Karnataka State Minerals Corporation has 10 current directors and 85 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramandeep Chowdhary | Nominee Director | 07 Jan 2025 | 1 Years 9 Months | Current |
| Rgirish | Nominee Director | 26 Jul 2023 | 3 Years 2 Months | Current |
| Basavaraju | Managing Director | 03 Dec 2025 | 0 Years 10 Months | Current |
| Parakkunnum Chalil Jaffer | Nominee Director | 29 Aug 2023 | 3 Years 1 Months | Current |
| Jayavibhava Swamy Also directs: Vijayanagar Minerals Private Limited | Managing Director | 03 Jul 2023 | 3 Years 3 Months | Current |
| Prabhakar Shivaputrayya Sangoormath | Director | 02 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Karnataka State Minerals Corporation Limited is audited by RAO & SWAMI for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO & SWAMI | FY 2021 | 003105S |
Shareholding
The shareholding of Karnataka State Minerals Corporation Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karnataka State Minerals Corporation Limited, buy the company report.
Deals & funding
Karnataka State Minerals Corporation Limited has 2 deals on record (2 secondary share transfers); the latest was in November 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karnataka State Minerals Corporation Limited has 670 court cases on record: 174 filed by Karnataka State Minerals Corporation, 496 filed against it. 66 cases are pending and 604 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 462 | 363 | 33 |
| District courts | 175 | 111 | 30 |
| Supreme Court | 33 | 22 | 3 |
Cases on record (5 of 670)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by JSW Steel Ltd A Company Incorporate Under the | Pending |
| High Court, KARNATAKA | Arbitration matter | Filed against the company by M/S. GVPR Engineers Limited | Pending |
| High Court, KARNATAKA | Arbitration matter | Filed by the company against M/S GSP Infratech Development Pvt Ltd and 1 other | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by FGM Private Limited | Disposed |
| High Court | Writ petition | Filed against the company by JSW Steel Limited | Disposed |
To see the full case history of Karnataka State Minerals Corporation 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 Karnataka State Minerals Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karnataka State Minerals Corporation has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
Employees & EPFO
Karnataka State Minerals Corporation Limited has a workforce of 372 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Karnataka State Minerals Corporation has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM2873L1Z0 | Karnataka | Active | 01 Jul 2017 |
| 29AACCM2873L1D9 | Karnataka | Active | 01 Oct 2018 |
To see the full GST registrations and return filing status of Karnataka State Minerals Corporation Limited, buy the company report.
Recent activity
Karnataka State Minerals Corporation Limited has 95 board changes on record since 2007: 10 appointments and 85 cessations. The latest: Basavaraju was appointed as Managing Director on 03 Dec 2025.
86 earlier events are in the company report.
Frequently asked questions
Karnataka State Minerals Corporation is an active public limited state government company based in Bangalore, Karnataka, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 13 May 1966 (60+ years old) and is registered under CIN U85110KA1966SGC001620.
Karnataka State Minerals Corporation has 10 current directors:
- Basavaraju - Managing Director
- Jayavibhava Swamy - Managing Director
- Ramandeep Chowdhary - Nominee Director
- Rgirish - Nominee Director
- Parakkunnum Chalil Jaffer - Nominee Director
- Prabhakar Shivaputrayya Sangoormath - Director
- Belliappa Ballatikalanda Cauvery - Nominee Director
- Ramaiah Shilpa - Nominee Director
- Gurupadagouda Sangangouda Patil - Nominee Director
- Rohini Dasari Sindhuri - Nominee Director
The latest financial statements of Karnataka State Minerals Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka State Minerals Corporation is 29AACCM2873L1Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCM2873L1D9 (Karnataka).
The CIN (Corporate Identification Number) of Karnataka State Minerals Corporation is U85110KA1966SGC001620. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka State Minerals Corporation has 670 court cases on record: 174 filed by the company and 496 filed against it. 66 are pending. Most are in the high courts.
Karnataka State Minerals Corporation was incorporated on 13 May 1966, making it 60+ years old. It is registered with the Registrar of Companies, Bangalore.
Karnataka State Minerals Corporation has 2 deals on record (2 secondary share transfers); the latest was in November 2018.
Basavaraju was appointed as Managing Director on 03 Dec 2025. Mahantesh Bilagi ceased to be Managing Director on 25 Nov 2025. Rohini Dasari Sindhuri was appointed as Nominee Director on 15 Oct 2025. Karnataka State Minerals Corporation has 95 board changes on record in total.
Karnataka State Minerals Corporation can be reached through the website ksmcl.org. Its registered office is in Bangalore, Karnataka, India.