About Pitti Castings Private Limited
Data last updated:
Pitti Castings Private Limited was a private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Pitti Electrical Equipment Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 07 December 2011.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U27310TG2011PTC077833. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹136.79 Cr and a paid-up capital of ₹136.79 Cr. It was led by directors including Akshay Sharad Pitti and Sharad Badrivishal Pitti.
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 was at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹150.84 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹4.84 Cr (net margin 3.2%) and EBITDA of ₹12.82 Cr (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 18% over five years.
The company had about 274 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹171.23 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹35.5 Cr; the latest was in March 2017. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 109 overdue payments to 36 micro and small suppliers.
The last known website on record is pitticastings.com.
Company details
CIN history
Pitti Castings has one previous CIN (Corporate Identification Number): U27310AP2011PTC077833. The current CIN is U27310TG2011PTC077833, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27310TG2011PTC077833 | Current |
| U27310AP2011PTC077833 | Previous |
Contact details
Pitti Castings Private Limited's registered office is in Hyderabad, Telangana. Its website is pitticastings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIV Th Floor Padmaja Land Mark6 – 3 – 643/401, Somajiguda India, Hyderabad, Telangana, India – 500082
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Pitti Castings 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
Financials of Pitti Castings Private Limited
FY 2024 filings availablePitti Castings Private Limited reported revenue of ₹150.84 Cr (up 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 10% growth in the latest year. EBITDA rose 62% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹150.84 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.84 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Pitti Castings Private Limited, buy the company report.
Board of directors of Pitti Castings Private Limited
Pitti Castings has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Sharad Pitti Also directs: Pitti Engineering Limited, Pitti Electrical Equipment Private Limited, Pitti Holdings Private Limited and 5 more | Director | 07 Dec 2011 | 14 Years 10 Months | As last reported |
| Sharad Badrivishal Pitti Also directs: Pitti Engineering Limited, Pitti Electrical Equipment Private Limited, Pitti Holdings Private Limited and 2 more | Director | 07 Dec 2011 | 14 Years 10 Months | As last reported |
| Madhuri Sharad Pitti Also directs: Pitti Components Limited | Director | 09 Jun 2023 | 3 Years 4 Months | As last reported |
Auditor
Pitti Castings Private Limited is audited by SVD & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SVD & Associates | FY 2023 | 015405S |
Shareholding
The shareholding of Pitti Castings Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pitti Castings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2023 | 100767793 | Yes Bank Limited | ₹29.5 Cr | Satisfied | |
| 05 Feb 2021 | 100420955 | Tata Capital Financial Services Limited | ₹1.35 Cr | Satisfied | |
| 28 Feb 2020 | 100331758 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied | |
| 21 Jun 2012 | 10388638 | Others | ₹125.38 Cr | Satisfied |
To see the full charge records of Pitti Castings Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Pitti Castings Private Limited has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹35.5 Cr; the latest was in March 2017.
Deals on record (1 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2014 | Funding round | ₹24.17 Cr | Investors: Pitti Engineering Limited , Pitti Electrical Equipment Private Limited |
To see the full deal history of Pitti Castings 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
Pitti Castings Private Limited has 2 court cases on record: 2 filed by Pitti Castings. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Hyderabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Pitti Castings 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
Pitti Castings Private Limited was last rated by Indiarating on 18 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 18 Feb 2021 |
To see the full credit ratings and regulatory alerts of Pitti Castings Private Limited, buy the company report.
MSME payment delays
Pitti Castings Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 109 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Veecee Enterprisees | |||
| J Poonamchand and Sons | |||
| Jayasiddhi Ganesh Enterprises Private Limited | |||
| an individual supplier | |||
| Elkem South Asia Private Limited |
To see the full MSME payment records of Pitti Castings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pitti Castings Private Limited has a workforce of 274 employees on its EPFO records as of May 17, 2024, across 1 active EPFO establishment.
GST
Pitti Castings has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pitti Castings Private Limited, buy the company report.
Recent activity
Pitti Castings Private Limited has 11 board changes on record since 2011: 3 appointments and 8 cessations. The latest: Madhuri Sharad Pitti ceased to be Additional Director on 17 Aug 2023.
14 earlier events are in the company report.
News
Frequently asked questions
Pitti Castings has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pitti Castings was a private limited company based in Hyderabad, Telangana, India. The company worked in die casting and metal forming, within the manufacturing industry. It was incorporated on 07 December 2011 and is registered under CIN U27310TG2011PTC077833. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pitti Castings was incorporated on 07 December 2011. It is registered with the Registrar of Companies, Hyderabad.
Pitti Castings had 3 directors:
- Akshay Sharad Pitti - Director
- Sharad Badrivishal Pitti - Director
- Madhuri Sharad Pitti - Director
The CIN (Corporate Identification Number) of Pitti Castings is U27310TG2011PTC077833. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pitti Castings is at IV Th Floor Padmaja Land Mark6 – 3 – 643401, Somajiguda India, Hyderabad, Telangana, India – 500082.
Pitti Castings can be reached through the website pitticastings.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Pitti Castings 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.
No. Pitti Castings has 2 GST registrations on record and all of them are cancelled or inactive.
Pitti Castings operated in the manufacturing industry, in the die casting and metal forming segment.
Pitti Castings has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹35.5 Cr; the latest was in March 2017.
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