MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-02-0000107
Saft India Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹211.36 Cr
▲ 25% YoY
Net loss · FY 2024
₹13.2 Cr
Net margin -6.2%
EBITDA · FY 2024
-₹2.09 Cr
EBITDA margin -1%
Authorised capital
₹54.6 Cr
Registered with MCA
Paid-up capital
₹54.6 Cr
Issued & subscribed
Open charges
₹37.5 Cr
Secured borrowings
Company age
30 yrs
Est. 1996
Employees · EPFO
230
Provident fund records
About Saft India Private Limited
Data last updated:
Saft India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Saft Batteries Pte Ltd, Singapore. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 18 December 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1996PTC021517. Its GSTIN is 29AABCA1887D1ZQ (Karnataka). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹54.6 Cr and a paid-up capital of ₹54.6 Cr. It was formerly known as Amco Power Systems Limited and Amco Saft India Limited. It is led by directors including Morten Kjoelhede Rotboell and Guy Patrick De Broglie.
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 No. 10/1A Ib & 1C Abbanakuppe Bidadi Industrial Area, Bangalore, Karnataka, India – 562109.
As per the financials filed for FY 2024, the company reported a revenue of ₹211.36 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹13.2 Cr (net margin -6.2%) and EBITDA of -₹2.09 Cr (EBITDA margin -1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 14% over five years.
The company has about 230 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Saft. As per MCA filings, the company has open charges of ₹37.5 Cr on record. Court records list 30 cases involving the company, including 5 filed by the company and 25 filed against it; 4 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹15 Cr; the latest was in March 2024. Its 6 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Maya Appliances Private Limited with revenue of ₹216.95 Cr. The company has 12 MSME Form 1 returns on record between 2022 and 2023, listing 2,449 overdue payments to 45 micro and small suppliers.
Saft India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0000107). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saftbatteries.com.
Company details
CIN U85110KA1996PTC021517
Registration Number 021517
Incorporation Date 18 December 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Saft Batteries Pte Ltd, Singapore
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-02-0000107
Name history
Saft India has undergone 3 name changes throughout its history. The company was previously known as Amco Power Systems Limited, Amco Saft India Limited, and Amco Saft India Private Limited. The current legal name is Saft India Private Limited.
| Company Name | Status |
|---|---|
| Saft India Private Limited | Current |
| Amco Power Systems Limited | Previous |
| Amco Saft India Limited | Previous |
| Amco Saft India Private Limited | Previous |
CIN history
Saft India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U85110KA1996PTC021517, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1996PTC021517 | Current |
| U31401KA1996PTC021517 | Previous |
| U85110KA1996PLC021517 | Previous |
Key People
Morten Kjoelhede Rotboell Director Guy Patrick De Broglie Director Franck Nino Cecchi Director Recognitions & Rankings of Saft India
Contact details
Saft India Private Limited's registered office is in Bangalore, Karnataka. Its website is saftbatteries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 10/1A Ib & 1C Abbanakuppe Bidadi Industrial Area, Bangalore, Karnataka, India – 562109
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Saft India Private Limited, buy the company report.
Comprehensive company report
Saft India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Saft India operates one associated brand: Saft. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lithium-ion batteries are manufactured for industrial, defense, and energy sectors. | saftbatteries.com |
Business activity
The main business activity of Saft India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Saft India Private Limited, buy the company report.
Financials of Saft India Private Limited
FY 2024 filings availableSaft India Private Limited reported revenue of ₹211.36 Cr (up 25% YoY) for FY 2024.
Revenue · FY 2024
₹211.36 Cr ▲ 25%
Net loss · FY 2024
₹13.2 Cr margin -6.2%
EBITDA · FY 2024
-₹2.09 Cr margin -1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 9%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 185%
3 years · compounded
▼ 30%
5 years · compounded
▼ 20%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 25% growth in the latest year. EBITDA fell 185% 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 | -₹2.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.2 Cr | ||||
| Balance Sheet | |||||
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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% | ||||
| Net Profit Margin | -6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Saft India Private Limited, buy the company report.
Board of directors of Saft India Private Limited
Saft India has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Morten Kjoelhede Rotboell Also directs: Incssi Business Service Solutions Private Limited | Director | 17 Jan 2025 | 1 Years 9 Months | Current |
| Guy Patrick De Broglie | Director | 21 Dec 2017 | 8 Years 10 Months | Current |
| Franck Nino Cecchi | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
| Jose Ignacio Quiles Antuna | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
| Karthik Chandrasekaran | Director | 27 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Saft India Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maya Appliances Private Limited | ₹216.95 Cr (FY 2025) | 16.0% | Kanchipuram, Tamil Nadu, India | |||
| KGN Lights Private Limited | ₹213.39 Cr (FY 2024) | 167.0% | Mumbai, Maharashtra, India | |||
| Solidaire India Limited | ₹212.58 Cr (FY 2025) | 17.0% | Chennai, Tamil Nadu, India | |||
| Saft India Private Limitedthis company | ₹211.36 Cr (FY 2024) | -₹13.2 Cr | -6.2% | 25.0% | 230 | Bangalore, Karnataka, India |
| Ledure Lightings Limited | ₹208.52 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Groupe Seb India Private Limited | ₹207.33 Cr (FY 2024) | -4.0% | Delhi, India | |||
| Kaypee Electronics and Associates Private Limited | ₹205.45 Cr (FY 2025) | 11.0% | Nelamangala, Karnataka, India |
To see the full peer comparison of Saft India Private Limited, buy the company report.
Auditor
Saft India Private Limited is audited by S.R BATLIBOI AND ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R BATLIBOI AND ASSOCIATES LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Saft 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 Saft India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2018 | 100199600 | Others | ₹2 Cr | Open | |
| 21 Oct 2002 | 80014593 | Central Bank of India | ₹32.5 Cr | Open | |
| 21 Oct 2002 | 90198188 | Central Bank of India | ₹3 Cr | Open |
To see the full charge records of Saft India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Saft India Private Limited has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹15 Cr; the latest was in March 2024.
Total deals
6
Secondary share transfers
3
Rights issues
2
Funding round
1
Disclosed funding
₹15 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹15 Cr | Investors: Saft Batteries Pte Ltd |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Saft Batteries Pte Ltd, Saft Hong Kong Limited Seller: Tractors and Farm Equipment Limited. , Amco Batteries Limited |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: Tractors and Farm Equipment Limited. Seller: Amco Batteries Limited |
| Jun 2011 | Funding round | ₹15 Cr | Investors: Saft Batteries Pte Ltd, Tractors and Farm Equipment Limited. , Amco Batteries Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Amco Batteries Limited Seller: Amco Properties and Investments Limited |
To see the full deal history of Saft India 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
Saft India Private Limited has 30 court cases on record: 5 filed by Saft India, 25 filed against it. 4 cases are pending and 26 are disposed.
Total cases
30
Filed by the company
5
Filed against the company
25
Pending
4
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 15 | 1 |
| District courts | 12 | 9 | 2 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Network Detective Agency Pvt Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Prasa Infocom and Power Solutions Pvt Ltd and Another | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Simpson & Co. Ltd., and 12 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Simpson & Co. Ltd., and 4 others | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of Saft 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.
Credit ratings & regulatory alerts
Saft India Private Limited was last rated by Crisil on 10 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Nov 2020 |
To see the full credit ratings and regulatory alerts of Saft India Private Limited, buy the company report.
MSME payment delays
Saft India Private Limited has 12 MSME Form 1 returns on record between 2022 and 2023, listing 2,449 overdue payments to 45 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 45)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Nisarga Dhama Estates Private Limited | |||
| Sulax Technologies Private Limited | |||
| an individual supplier | |||
| Hindustan Tools & Components |
To see the full MSME payment records of Saft India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Saft India Private Limited has a workforce of 230 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
230
Active EPFO establishments
1
Employee growth
-7.26%
GST
Saft India has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCA1887D1ZQ | Karnataka | Active | 01 Jul 2017 |
| 09AABCA1887D1ZS | Uttar Pradesh | Active | 04 Jan 2018 |
To see the full GST registrations and return filing status of Saft India Private Limited, buy the company report.
Recent activity
Saft India Private Limited has 22 board changes on record since 2007: 5 appointments and 17 cessations. The latest: Morten Kjoelhede Rotboell ceased to be Additional Director on 29 Sep 2025.
Ceased
Morten Kjoelhede Rotboell ceased to be Additional Director.
Appointed
Morten Kjoelhede Rotboell was appointed as Director.
AGM
Saft India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Jose Ignacio Quiles Antuna ceased to be Additional Director.
Appointed
Franck Nino Cecchi was appointed as Director.
Appointed
Jose Ignacio Quiles Antuna was appointed as Director.
Appointed
Karthik Chandrasekaran was appointed as Director.
Ceased
Karthik Chandrasekaran ceased to be Additional Director.
Filing
Saft India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Pierre Marc Leroy ceased to be Director.
Ceased
Arindam Majumdar ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100199600 was registered on 01 Aug 2018.
18 earlier events are in the company report.
News
Frequently asked questions
Saft India is an active private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 18 December 1996 (30+ years old) and is registered under CIN U85110KA1996PTC021517.
Saft India has 5 current directors:
- Morten Kjoelhede Rotboell - Director
- Guy Patrick De Broglie - Director
- Franck Nino Cecchi - Director
- Jose Ignacio Quiles Antuna - Director
- Karthik Chandrasekaran - Director
The latest financial statements of Saft India 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 Saft India is 29AABCA1887D1ZQ, registered in Karnataka. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 09AABCA1887D1ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Saft India is U85110KA1996PTC021517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saft India has 30 court cases on record: 5 filed by the company and 25 filed against it. 4 are pending. Most are in the high courts.
Saft India was incorporated on 18 December 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Saft India has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹15 Cr; the latest was in March 2024.
The peers of Saft India by revenue are Maya Appliances Private Limited, KGN Lights Private Limited, Solidaire India Limited, Ledure Lightings Limited, Groupe Seb India Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Morten Kjoelhede Rotboell ceased to be Additional Director on 29 Sep 2025. Morten Kjoelhede Rotboell was appointed as Director on 17 Jan 2025. Jose Ignacio Quiles Antuna ceased to be Additional Director on 29 Sep 2024. Saft India has 22 board changes on record in total.
Yes, Saft India is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-02-0000107).
Saft India has 12 MSME Form 1 returns on record between 2022 and 2023, listing 2,449 overdue payments to 45 micro and small suppliers. The latest return was filed on 18 Dec 2023.