MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-13-0015999
Metcut Toolings Private Limited. - machinery and equipment in Dharwad, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.58 Cr
▲ 17% YoY
Net loss · FY 2024
₹70.86 Lakh
Net margin -19.8%
EBITDA · FY 2024
₹5.31 Lakh
EBITDA margin 1.5%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.96 Cr
Issued & subscribed
Open charges
₹6.1 Cr
Satisfied ₹47 Lakh
Company age
37 yrs
Est. 1989
Directors on board
4
As per MCA filings
About Metcut Toolings Private Limited.
Data last updated:
Metcut Toolings Private Limited. is a private limited company based in Dharwad, Karnataka, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 10 August 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1989PTC010303. Its GSTIN is 29AADCP0470B1ZS (Karnataka).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.96 Cr. It is led by directors including Kushala Jayaram Shetty (Managing Director) and Sunil Jayaram Shetty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot Nos. 18 To 23 KIADB Industrial Area Rayapur, Dharwad, Karnataka, India – 580009.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.58 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹70.86 Lakh (net margin -19.8%) and EBITDA of ₹5.31 Lakh (EBITDA margin 1.5%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 5% over five years.
The company is associated with 1 brand: Metcut Toolings. As per MCA filings, the company has open charges of ₹6.1 Cr and satisfied charges of ₹47 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.23 Cr; the latest was in January 2018. Its 3 peer companies in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Kshipra Innovative Solutions Private Limited with revenue of ₹3.6 Cr.
Metcut Toolings Private Limited. is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0015999). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website metcutindia.com.
Company details
CIN U85110KA1989PTC010303
Registration Number 010303
Incorporation Date 10 August 1989
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-13-0015999
CIN history
Metcut Toolings Private Limited has one previous CIN (Corporate Identification Number): U28939KA1989PTC010303. The current CIN is U85110KA1989PTC010303, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1989PTC010303 | Current |
| U28939KA1989PTC010303 | Previous |
Key People
Kushala Jayaram Shetty Managing Director Sunil Jayaram Shetty Whole-Time Director Sudhir Jayaram Shetty Whole-Time Director Recognitions & Rankings of Metcut Toolings Private Limited
Contact details
Metcut Toolings Private Limited.'s registered office is in Dharwad, Karnataka. Its website is metcutindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot Nos. 18 To 23 KIADB Industrial Area Rayapur, Dharwad, Karnataka, India – 580009
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Metcut Toolings Private Limited., buy the company report.
Comprehensive company report
Metcut Toolings 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
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Secure checkout · GST invoice included
Brands
Metcut Toolings Private Limited operates one associated brand: Metcut Toolings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Production of carbide cutting tools for manufacturing industries. | metcutindia.com |
Business activity
The main business activity of Metcut Toolings Private Limited is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Metcut Toolings Private Limited., buy the company report.
Financials of Metcut Toolings Private Limited.
FY 2024 filings availableMetcut Toolings Private Limited. reported revenue of ₹3.58 Cr (up 17% YoY) for FY 2024.
Revenue · FY 2024
₹3.58 Cr ▲ 17%
Net loss · FY 2024
₹70.86 Lakh margin -19.8%
EBITDA · FY 2024
₹5.31 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 10%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 120%
3 years · compounded
▼ 51%
5 years · compounded
▼ 30%
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 120% 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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| Total Expenses | |||||
| EBITDA | ₹5.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70.86 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 1.5% | ||||
| Net Profit Margin | -19.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Metcut Toolings Private Limited., buy the company report.
Board of directors of Metcut Toolings Private Limited.
Metcut Toolings Private Limited has 4 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 |
|---|---|---|---|---|
| Sarita Vijay Mada | Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Sunil Jayaram Shetty | Whole-Time Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Sudhir Jayaram Shetty Also directs: Prisine LLP | Whole-Time Director | 01 Apr 2005 | 21 Years 6 Months | Current |
| Kushala Jayaram Shetty | Managing Director | 10 Aug 1989 | 37 Years 2 Months | Current |
Peer comparison
Metcut Toolings Private Limited. is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kshipra Innovative Solutions Private Limited | ₹3.6 Cr (FY 2024) | -13.0% | Bangalore, Karnataka, India | |||
| Metcut Toolings Private Limited.this company | ₹3.58 Cr (FY 2024) | -₹70.86 Lakh | -19.8% | 17.0% | Dharwad, Karnataka, India | |
| Classic Machine Tools Pvt Ltd | ₹3.48 Cr (FY 2024) | -7.0% | Haryana, India | |||
| Mandar Precision Private Limited | ₹3.46 Cr (FY 2025) | -28.0% | Pune, Maharashtra, India |
To see the full peer comparison of Metcut Toolings Private Limited., buy the company report.
Auditor
Metcut Toolings Private Limited. is audited by S B Shetty & Co for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B Shetty & Co | FY 2021 | 003824S |
Shareholding
The shareholding of Metcut Toolings Private Limited. is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Metcut Toolings Private Limited., buy the company report.
Charges & borrowings
Open charges
₹6.1 Cr
Satisfied charges
₹47 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2018 | 100194194 | Others | ₹1 Cr | Open | |
| 09 Sep 1996 | 80008279 | State Bank of India | ₹5.1 Cr | Open | |
| 10 Jul 2010 | 10238023 | The Shamrao Vithal Co-Operative Bank Limited | ₹10 Lakh | Satisfied | |
| 04 Aug 2009 | 10180644 | Karnataka State Financial Corporation Limited | ₹20 Lakh | Satisfied | |
| 30 Jan 1991 | 80066221 | Ksfc | ₹13.4 Lakh | Satisfied |
To see the full charge records of Metcut Toolings Private Limited., buy the company report.
Total charge records: 6 View all charges
Deals & funding
Metcut Toolings Private Limited. has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.23 Cr; the latest was in January 2018.
Total deals
6
Funding rounds
4
Secondary share transfers
2
Disclosed funding
₹2.23 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Jan 2011 | Funding round | ₹70.3 Lakh | Investors: 4 individuals |
| Mar 2009 | Funding round | ₹75.3 Lakh | Investors: 4 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2008 | Funding round | ₹10 Lakh | Investors: 4 individuals |
To see the full deal history of Metcut Toolings Private Limited., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Metcut Toolings Private Limited. has 4 court cases on record: 4 filed against it. All cases are disposed.
Total cases
4
Filed against the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Ms.Taegutec India Pvt.Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Ms.Taegutec India Pvt.Ltd | Disposed |
| District court, DHARWAD, Karnataka | Court case (APPL.33(C)(2)) | Filed against the company by an individual | Disposed |
| District court, DHARWAD, Karnataka | Court case (APPL.33(C)(2)) | Filed against the company by an individual | Disposed |
To see the full case history of Metcut Toolings 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
Metcut Toolings Private Limited. was last rated by Crisil on 17 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Jun 2020 |
To see the full credit ratings and regulatory alerts of Metcut Toolings Private Limited., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Metcut Toolings Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Metcut Toolings Private Limited has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCP0470B1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Metcut Toolings Private Limited., buy the company report.
Recent activity
Metcut Toolings Private Limited. has 6 board changes on record since 1989: 4 appointments and 2 cessations. The latest: Kushala Jayaram Shetty ceased to be Director on 01 Sep 2012.
AGM
Metcut Toolings Private Limited. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Metcut Toolings Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 5.10 Cr registered on 09 Sep 1996 with Charge ID 80008279 was modified on 30 Mar 2019.
Charges
A charge registered on 10 Jul 2010 via Charge ID 10238023 with The Shamrao Vithal Co-Operative Bank Limited was fully satisfied on 11 Mar 2019.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100194194 was registered on 27 Jul 2018.
Charges
A charge registered on 30 Jan 1991 via Charge ID 80066221 with Ksfc was fully satisfied on 22 Mar 2013.
Charges
A charge registered on 19 Dec 1989 via Charge ID 80066220 with Karnataka State Financial Corporation was fully satisfied on 22 Mar 2013.
Ceased
Kushala Jayaram Shetty ceased to be Director.
Ceased
Jayaram Yellappa Shetty ceased to be Managing Director.
Charges
A charge registered on 04 Aug 2009 via Charge ID 10180644 with Karnataka State Financial Corporation Limited was fully satisfied on 30 Aug 2011.
Charges
A charge with The Shamrao Vithal Co-Operative Bank Limited amounted to Rs. 0.10 Cr with Charge ID 10238023 was registered on 10 Jul 2010.
Charges
A charge with Karnataka State Financial Corporation Limited amounted to Rs. 0.20 Cr with Charge ID 10180644 was registered on 04 Aug 2009.
8 earlier events are in the company report.
Frequently asked questions
Metcut Toolings Private Limited is an active private limited company based in Dharwad, Karnataka, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 10 August 1989 (37+ years old) and is registered under CIN U85110KA1989PTC010303.
Metcut Toolings Private Limited has 4 current directors:
- Kushala Jayaram Shetty - Managing Director
- Sunil Jayaram Shetty - Whole-Time Director
- Sudhir Jayaram Shetty - Whole-Time Director
- Sarita Vijay Mada - Director
The latest financial statements of Metcut Toolings Private Limited on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Metcut Toolings Private Limited is 29AADCP0470B1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Metcut Toolings Private Limited is U85110KA1989PTC010303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metcut Toolings Private Limited has 4 court cases on record: 4 filed against it.
Metcut Toolings Private Limited was incorporated on 10 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Bangalore.
Metcut Toolings Private Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.23 Cr; the latest was in January 2018.
The peers of Metcut Toolings Private Limited by revenue are Kshipra Innovative Solutions Private Limited, Classic Machine Tools Pvt Ltd, Mandar Precision Private Limited, all in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (metal and metal products).
Kushala Jayaram Shetty ceased to be Director on 01 Sep 2012. Jayaram Yellappa Shetty ceased to be Managing Director on 18 Jun 2012. Sarita Vijay Mada was appointed as Director on 01 Apr 2005. Metcut Toolings Private Limited has 6 board changes on record in total.
Yes, Metcut Toolings Private Limited is registered as a small enterprise under Udyam registration (number: UDYAM-KR-13-0015999).