About Pitti Industries Private Limited
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Pitti Industries Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 19 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U31200TS2006PTC208072. Its GSTIN is 29AACCB7774K1Z3 (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.09 Cr. It was formerly known as Ivy Michigan Technologies Private Limited. It is led by directors including Chaitra Sundaresh (Managing Director) and Yogender Bahadur Sahgal.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ivth Floor Padmaja Landmark, 6 – 3 – 648/401 Somajiguda Hyderabad, Telangana, India – 500082.
As per the financials filed for FY 2025, the company reported a revenue of ₹241.05 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹9.86 Cr (net margin 4.1%) and EBITDA of ₹17.45 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 21% over five years.
The company has about 338 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bagadia Chaitra. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹198.48 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.04 Cr; the latest was in September 2011. The company has 15 MSME Form 1 returns on record between 2019 and 2023, listing 366 overdue payments to 47 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bcipl.net.
Company details
CIN history
Pitti Industries has one previous CIN (Corporate Identification Number): U31200KA2006PTC038273. The current CIN is U31200TS2006PTC208072, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200TS2006PTC208072 | Current |
| U31200KA2006PTC038273 | Previous |
Contact details
Pitti Industries Private Limited's registered office is in Hyderabad, Telangana.
- Registered AddressIvth Floor Padmaja Landmark, 6 – 3 – 648/401 Somajiguda Hyderabad, Telangana, India – 500082
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
Brands
Pitti Industries operates one associated brand: Bagadia Chaitra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial coatings and chemicals are manufactured for various sectors. | bcipl.net |
Business activity
The main business activity of Pitti Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Pitti Industries Private Limited, buy the company report.
Financials of Pitti Industries Private Limited
FY 2025 filings availablePitti Industries Private Limited reported revenue of ₹241.05 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA rose 6% 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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| EBITDA | ₹17.45 Cr | ||||
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| Net Profit (PAT) | ₹9.86 Cr | ||||
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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 | 7.2% | ||||
| Net Profit Margin | 4.1% | ||||
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To see the full financial statements and ratios of Pitti Industries Private Limited, buy the company report.
Board of directors of Pitti Industries Private Limited
Pitti Industries has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogender Bahadur Sahgal Also directs: Pitti Engineering Limited | Director | 06 May 2024 | 2 Years 5 Months | Current |
| Akshay Sharad Pitti Also directs: Pitti Engineering Limited, Dakshin Foundry Private Limited, Pitti Electrical Equipment Private Limited and 4 more | Director | 06 May 2024 | 2 Years 5 Months | Current |
| Chaitra Sundaresh Also directs: Dakshin Foundry Private Limited | Managing Director | 19 Jan 2006 | 20 Years 9 Months | Current |
| Sandip Agarwala Also directs: Dakshin Foundry Private Limited | Director | 06 May 2024 | 2 Years 5 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jul 2024 | 100950098 | Others | ₹100 Cr | Satisfied | |
| 24 Dec 2023 | 100847460 | Others | ₹2 Cr | Satisfied | |
| 24 Dec 2021 | 100515314 | Yes Bank Limited | ₹11.8 Cr | Satisfied | |
| 21 Dec 2021 | 100526806 | Yes Bank Limited | ₹4.8 Cr | Satisfied | |
| 30 Mar 2021 | 100434202 | Tata Capital Financial Services Limited | ₹3 Cr | Satisfied |
To see the full charge records of Pitti Industries Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Pitti Industries Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.04 Cr; the latest was in September 2011.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2011 | Funding round | ₹50 Lakh | Investors: 2 individuals |
| Mar 2007 | Funding round | ₹3.54 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pitti Industries Private Limited has 1 court case on record: 1 filed by Pitti Industries. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, TUMAKURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Pitti Industries 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
Pitti Industries Private Limited has 15 MSME Form 1 returns on record between 2019 and 2023, listing 366 overdue payments to 47 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 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sree Jyothi Enterprises | |||
| Rajalakshmi Laminations | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Pitti Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Pitti Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB7774K1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pitti Industries Private Limited, buy the company report.
Recent activity
Pitti Industries Private Limited has 7 board changes on record since 2006: 4 appointments and 3 cessations. The latest: Akshay Sharad Pitti ceased to be Director on 11 Nov 2024.
25 earlier events are in the company report.
Frequently asked questions
Pitti Industries is an active private limited company based in Hyderabad, Telangana, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 19 January 2006 (20+ years old) and is registered under CIN U31200TS2006PTC208072.
Pitti Industries has 4 current directors:
- Chaitra Sundaresh - Managing Director
- Yogender Bahadur Sahgal - Director
- Akshay Sharad Pitti - Director
- Sandip Agarwala - Director
The latest financial statements of Pitti Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pitti Industries is 29AACCB7774K1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Pitti Industries is U31200TS2006PTC208072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pitti Industries has 1 court case on record: 1 filed by the company.
Pitti Industries was incorporated on 19 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Hyderabad.
Pitti Industries has 2 deals on record (2 funding rounds), with disclosed funding of ₹4.04 Cr; the latest was in September 2011.
Akshay Sharad Pitti ceased to be Director on 11 Nov 2024. Akshay Sharad Pitti was appointed as Director on 06 May 2024. Ronak Suresh Bagadia ceased to be Whole-Time Director on 06 May 2024. Pitti Industries has 7 board changes on record in total.
Pitti Industries has 15 MSME Form 1 returns on record between 2019 and 2023, listing 366 overdue payments to 47 micro and small suppliers. The latest return was filed on 05 Nov 2023.
Pitti Industries can be reached through the website bcipl.net. Its registered office is in Hyderabad, Telangana, India.
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