About Sandvik Coromant India Private Limited
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Sandvik Coromant India Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Sandvik Ab. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 08 July 1960 and has been in existence for over 66 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29299PN1960PTC011751. Its GSTIN is 07AACCS6638K1ZZ (Delhi). The company holds 22 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹198.73 Cr and a paid-up capital of ₹23.97 Cr. It was formerly known as Sandvik Asia Ltd. It is led by directors including Surendrakumar Ponnanparambil (Managing Director) and Sunil Arun Joshi.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai – Pune Road, Dapodi, Maharashtra, India – 411012.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,301.4 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹70.1 Cr (net margin 5.4%) and EBITDA of ₹178 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 754 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹329.6 Cr on record. Court records list 233 cases involving the company, including 113 filed by the company and 120 filed against it; 25 cases are pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹295.7 Cr; the latest was in January 2018. The company has 13 MSME Form 1 returns on record between 2009 and 2021, listing 1,011 overdue payments to 189 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 sandvik.com.
Company details
CIN history
Sandvik Coromant India has one previous CIN (Corporate Identification Number): U29299PN1960PLC011751. The current CIN is U29299PN1960PTC011751, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299PN1960PTC011751 | Current |
| U29299PN1960PLC011751 | Previous |
Contact details
Sandvik Coromant India Private Limited's registered office is in Pune, Maharashtra. Its website is sandvik.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMumbai – Pune Road, Dapodi, Maharashtra, India – 411012
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Sandvik Coromant 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 activity of Sandvik Coromant India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Sandvik Coromant India Private Limited, buy the company report.
Financials of Sandvik Coromant India Private Limited
FY 2025 filings availableSandvik Coromant India Private Limited reported revenue of ₹1,301.4 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 5% growth in the latest year. EBITDA rose 3% 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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| Total Expenses | |||||
| EBITDA | ₹178 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹70.1 Cr | ||||
| Balance Sheet | |||||
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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 | 13.7% | ||||
| Net Profit Margin | 5.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sandvik Coromant India Private Limited, buy the company report.
Board of directors of Sandvik Coromant India Private Limited
Sandvik Coromant India has 4 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendrakumar Ponnanparambil | Managing Director | 31 Oct 2017 | 9 Years 0 Months | Current |
| Sunil Arun Joshi | Director | 22 Dec 2021 | 4 Years 10 Months | Current |
| Rudiger Mannherz | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
| Hemantkumar Narendra Ganatra Also directs: Walter Tools India Private Limited | Director | 06 Mar 2025 | 1 Years 7 Months | Current |
Auditor
Sandvik Coromant India Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Sandvik Coromant 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 Sandvik Coromant India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jul 2008 | 10121243 | Citibank N.A | ₹100 Cr | Satisfied | |
| 09 Jul 2008 | 10121244 | Citibank N.A | ₹100 Cr | Satisfied | |
| 30 Mar 2002 | 90086067 | The Hong Kong and Shanghai Banking Corpn. Ltd. | ₹20 Cr | Satisfied | |
| 22 Mar 2002 | 80031452 | Citi Bank | ₹74 Cr | Satisfied | |
| 26 Mar 1999 | 90088174 | Corporation Bank | ₹12 Cr | Satisfied |
To see the full charge records of Sandvik Coromant India Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Sandvik Coromant India Private Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹295.7 Cr; the latest was in January 2018.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Acquisition | Undisclosed | Buyer: Esab India Limited Seller: Sandvik Coromant India Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: Sandvik Finance BV, an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: an individual |
| May 2013 | Funding round | ₹200.05 Cr | Investors: Sandvik Finance BV |
To see the full deal history of Sandvik Coromant 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
Sandvik Coromant India Private Limited has 233 court cases on record: 113 filed by Sandvik Coromant India, 120 filed against it. 25 cases are pending and 208 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 115 | 64 | 23 |
| District courts | 108 | 53 | 1 |
| Supreme Court | 10 | 3 | 1 |
Cases on record (5 of 233)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (R.C.A.) | Filed against the company by M/S R K Control Instruments Pvt Ltd Through Radhakishan Khemchand Jethwani | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Benra Engineering Works Pvt Ltd | Disposed |
| High Court | Court case (COAP) | Filed by the company against Technique Super Diatools Pvt. Ltd. | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Apl (India) Pvt.Ltd Another | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Avian Overseas Pvt. Ltd. | Disposed |
To see the full case history of Sandvik Coromant 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
Sandvik Coromant India Private Limited has 13 MSME Form 1 returns on record between 2009 and 2021, listing 1,011 overdue payments to 189 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 189)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Dolly Printing and Packaging (India) Private Limited | |||
| Sanmaark Analytical and Services Private Limited | |||
| Accu Sharp Cutting Tools Private Limited | |||
| Vijay Engineering Works |
To see the full MSME payment records of Sandvik Coromant India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sandvik Coromant India Private Limited has a workforce of 754 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Sandvik Coromant India has 22 GST registrations: 5 active and 17 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCS6638K1ZZ | Delhi | Active | 01 Jul 2017 |
| 19AACCS6638K1ZU | West Bengal | Active | 01 Jul 2017 |
| 27AACCS6638K1ZX | Maharashtra | Active | 01 Jul 2017 |
| 33AACCS6638K1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sandvik Coromant India Private Limited, buy the company report.
Recent activity
Sandvik Coromant India Private Limited has 52 board changes on record since 1982: 28 appointments and 24 cessations. The latest: Dieter Norbert Heimerdinger ceased to be Director on 01 Dec 2025.
63 earlier events are in the company report.
Frequently asked questions
Sandvik Coromant India is an active private limited company based in Pune, Maharashtra, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 08 July 1960 (66+ years old) and is registered under CIN U29299PN1960PTC011751.
Sandvik Coromant India has 4 current directors:
- Surendrakumar Ponnanparambil - Managing Director
- Sunil Arun Joshi - Director
- Rudiger Mannherz - Director
- Hemantkumar Narendra Ganatra - Director
The latest financial statements of Sandvik Coromant India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sandvik Coromant India is 07AACCS6638K1ZZ, registered in Delhi. The company has 22 GST registrations in all, of which 5 are active and 17 are cancelled or inactive. Other active GSTINs include 19AACCS6638K1ZU (West Bengal), 27AACCS6638K1ZX (Maharashtra), 33AACCS6638K1Z4 (Tamil Nadu).
The CIN (Corporate Identification Number) of Sandvik Coromant India is U29299PN1960PTC011751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sandvik Coromant India has 233 court cases on record: 113 filed by the company and 120 filed against it. 25 are pending. Most are in the high courts.
Sandvik Coromant India was incorporated on 08 July 1960, making it 66+ years old. It is registered with the Registrar of Companies, Pune.
Sandvik Coromant India has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹295.7 Cr; the latest was in January 2018.
Dieter Norbert Heimerdinger ceased to be Director on 01 Dec 2025. Kirankumar Yashvantray Acharya ceased to be Managing Director on 01 Apr 2025. Hemantkumar Narendra Ganatra was appointed as Director on 06 Mar 2025. Sandvik Coromant India has 52 board changes on record in total.
Sandvik Coromant India has 13 MSME Form 1 returns on record between 2009 and 2021, listing 1,011 overdue payments to 189 micro and small suppliers. The latest return was filed on 28 Oct 2021.
Sandvik Coromant India can be reached through the website sandvik.com. Its registered office is in Pune, Maharashtra, India.
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