About Primetals Technologies India Private Limited
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Primetals Technologies India Private Limited is a foreign private limited company based in Kolkata, West Bengal, India, a subsidiary of Primetals Technologies Germany Gmbh. It operates in the engineering sector. It was incorporated on 10 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74120WB2014FTC222098. Its GSTIN is 19AAECV9657M1ZC (West Bengal). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,028.42 Cr. It was formerly known as Vai Metals Technologies Private Limited. It is led by directors Hitoshi Kawano (Whole-Time Director) and Subodh Balvant Kunte (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rdb Primarc Tech Park, Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,066.84 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹145.68 Cr (net margin 13.7%) and EBITDA of ₹122.66 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 11% over five years.
The company has about 584 employees on its provident fund (EPFO) records.
Court records list 38 cases involving the company, including 21 filed by the company and 17 filed against it; 9 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in December 2014. The company has 31 MSME Form 1 returns on record between 2019 and 2023, listing 4,429 overdue payments to 243 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 primetals.com.
Company details
CIN history
Primetals Technologies India has one previous CIN (Corporate Identification Number): U74120MH2014FTC260092. The current CIN is U74120WB2014FTC222098, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74120WB2014FTC222098 | Current |
| U74120MH2014FTC260092 | Previous |
Contact details
Primetals Technologies India Private Limited's registered office is in Kolkata, West Bengal. Its website is primetals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRdb Primarc Tech Park, 8 Major Arterial Rd 5th Fl Tower – C, Kolkata, West Bengal, India – 700156
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Primetals Technologies India 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
Business activity
The main business activities of Primetals Technologies India are construction and manufacturing. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Primetals Technologies India Private Limited, buy the company report.
Financials of Primetals Technologies India Private Limited
FY 2024 filings availablePrimetals Technologies India Private Limited reported revenue of ₹1,066.84 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 29% 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 | ₹122.66 Cr | ||||
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| Net Profit (PAT) | ₹145.68 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 | 11.5% | ||||
| Net Profit Margin | 13.7% | ||||
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To see the full financial statements and ratios of Primetals Technologies India Private Limited, buy the company report.
Board of directors of Primetals Technologies India Private Limited
Primetals Technologies India has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitoshi Kawano | Whole-Time Director | 16 Nov 2022 | 3 Years 11 Months | Current |
| Subodh Balvant Kunte | Whole-Time Director | 07 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Primetals Technologies India Private Limited is audited by MSKA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Primetals Technologies India 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 Primetals Technologies India Private Limited, buy the company report.
Deals & funding
Primetals Technologies India Private Limited has 1 deal on record (1 rights issue); the latest was in December 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2014 | Rights issue | ₹1,028.41 Cr | Investors: Primetals Technologies Germany Gmbh |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Primetals Technologies India Private Limited has 38 court cases on record: 21 filed by Primetals Technologies India, 17 filed against it. 9 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 28 | 12 | 8 |
| District courts | 6 | 3 | 1 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (AP-COM) | Filed against the company by Steel Authority of India Limited Dwip Raj Basu | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Steel Authority of India Ltd. | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against Steel Authority of India Limited and Ors | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Steel Authority of India Limited & Ors. | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Steel Authority of India Limited (Sail) | Disposed |
To see the full case history of Primetals Technologies India 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
Primetals Technologies India Private Limited has 31 MSME Form 1 returns on record between 2019 and 2023, listing 4,429 overdue payments to 243 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 243)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alliance Thermal Engineers | |||
| an individual supplier | |||
| Prakash Yantra Udyog Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Primetals Technologies India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Primetals Technologies India Private Limited has a workforce of 584 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Primetals Technologies India has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECV9657M1ZC | West Bengal | Active | 01 Jul 2017 |
| 20AAECV9657M1ZT | Jharkhand | Active | 01 Jul 2017 |
| 21AAECV9657M1ZR | Odisha | Active | 01 Jul 2017 |
| 22AAECV9657M1ZP | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Primetals Technologies India Private Limited, buy the company report.
Recent activity
Primetals Technologies India Private Limited has 14 board changes on record since 2015: 2 appointments and 12 cessations. The latest: Hitoshi Kawano ceased to be Additional Director on 21 Jun 2023.
5 earlier events are in the company report.
Frequently asked questions
Primetals Technologies India is an active foreign private limited company based in Kolkata, West Bengal, India. The company works in the engineering industry. It was incorporated on 10 December 2014 (12+ years old) and is registered under CIN U74120WB2014FTC222098.
Primetals Technologies India has 2 current directors:
- Hitoshi Kawano - Whole-Time Director
- Subodh Balvant Kunte - Whole-Time Director
The latest financial statements of Primetals Technologies India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Primetals Technologies India is 19AAECV9657M1ZC, registered in West Bengal. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 20AAECV9657M1ZT (Jharkhand), 21AAECV9657M1ZR (Odisha), 22AAECV9657M1ZP (Chhattisgarh).
The CIN (Corporate Identification Number) of Primetals Technologies India is U74120WB2014FTC222098. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primetals Technologies India has 38 court cases on record: 21 filed by the company and 17 filed against it. 9 are pending. Most are in the high courts.
Primetals Technologies India was incorporated on 10 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Kolkata.
Primetals Technologies India has 1 deal on record (1 rights issue); the latest was in December 2014.
Hitoshi Kawano ceased to be Additional Director on 21 Jun 2023. Hitoshi Kawano was appointed as Whole-Time Director on 16 Nov 2022. Yoshihiko Aihara ceased to be Director on 30 Apr 2020. Primetals Technologies India has 14 board changes on record in total.
Primetals Technologies India has 31 MSME Form 1 returns on record between 2019 and 2023, listing 4,429 overdue payments to 243 micro and small suppliers. The latest return was filed on 18 Nov 2023.
Primetals Technologies India can be reached through the website primetals.com. Its registered office is in Kolkata, West Bengal, India.