About Precision Gears and Transmissions Private Limited
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Precision Gears and Transmissions Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Precipart Group Inc. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 18 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29248KA2014FTC075871. Its GSTIN is 29AAHCP8178N1ZE (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Precipart India Private Limited. It is led by directors Mushtaq Sulaiman Jamal and Abdulla Jamal.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹48 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹36.68 Lakh (net margin 76.4%) and EBITDA of ₹47.3 Lakh (EBITDA margin 98.5%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 18% over five years.
The company is associated with 1 brand: Precipart. As per MCA filings, the company has open charges of ₹28.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website precipart.com.
Company details
Contact details
Precision Gears and Transmissions Private Limited's registered office is in Bangalore, Karnataka. Its website is precipart.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address17(B) Sadaramangala Industrial Area, Whitefield Road, Bangalore, Karnataka, India – 560048
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Precision Gears and Transmissions 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
Brands
Precision Gears and Transmissions operates one associated brand: Precipart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Designs and manufactures components and devices | precipart.com |
Business activity
The main business activity of Precision Gears and Transmissions is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy activities |
To see the full business activity and turnover split of Precision Gears and Transmissions Private Limited, buy the company report.
Financials of Precision Gears and Transmissions Private Limited
FY 2024 filings availablePrecision Gears and Transmissions Private Limited reported revenue of ₹48 Lakh (up 14605% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years. EBITDA rose 796% 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 | ₹47.3 Lakh | ||||
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| Net Profit (PAT) | ₹36.68 Lakh | ||||
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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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| EBITDA Margin | 98.5% | ||||
| Net Profit Margin | 76.4% | ||||
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To see the full financial statements and ratios of Precision Gears and Transmissions Private Limited, buy the company report.
Board of directors of Precision Gears and Transmissions Private Limited
Precision Gears and Transmissions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mushtaq Sulaiman Jamal | Additional Director | 15 Dec 2022 | 3 Years 10 Months | Current |
| Abdulla Jamal | Additional Director | 15 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Precision Gears and Transmissions Private Limited is audited by K G Acharya & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K G Acharya & Co. | FY 2023 | 008019S |
Shareholding
The shareholding of Precision Gears and Transmissions 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 Precision Gears and Transmissions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jul 2024 | 100963828 | Others | ₹28.25 Cr | Open |
To see the full charge records of Precision Gears and Transmissions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Precision Gears and Transmissions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Precision Gears and Transmissions Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 5 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bhavani Industries | |||
| an individual supplier |
To see the full MSME payment records of Precision Gears and Transmissions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Precision Gears and Transmissions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCP8178N1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Precision Gears and Transmissions Private Limited, buy the company report.
Recent activity
Precision Gears and Transmissions Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Abdulla Jamal was appointed as Additional Director on 15 Dec 2022.
Frequently asked questions
Precision Gears and Transmissions is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 18 August 2014 (12+ years old) and is registered under CIN U29248KA2014FTC075871.
Precision Gears and Transmissions has 2 current directors:
- Mushtaq Sulaiman Jamal - Additional Director
- Abdulla Jamal - Additional Director
The latest financial statements of Precision Gears and Transmissions 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 Precision Gears and Transmissions is 29AAHCP8178N1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Precision Gears and Transmissions is U29248KA2014FTC075871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precision Gears and Transmissions was incorporated on 18 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Abdulla Jamal was appointed as Additional Director on 15 Dec 2022. John Paul Walter ceased to be Director on 15 Dec 2022. Mushtaq Sulaiman Jamal was appointed as Additional Director on 15 Dec 2022. Precision Gears and Transmissions has 6 board changes on record in total.
Precision Gears and Transmissions has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 5 overdue payments to 2 micro and small suppliers. The latest return was filed on 23 Oct 2019.
Precision Gears and Transmissions can be reached through the website precipart.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Precision Gears and Transmissions is at 17B Sadaramangala Industrial Area, Whitefield Road, Bangalore, Karnataka, India – 560048.
Precision Gears and Transmissions operates in the machinery and equipment industry, in the industrial machinery manufacturing segment.
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