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About Sati Granites (India) Private Limited
Data last updated:
Sati Granites (India) Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the ceramics segment of the manufacturing sector. It was incorporated on 02 August 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U26993KA2011PTC059844. Its GSTIN is 33AAQCS1509R1ZS (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹8 Cr and a paid-up capital of ₹6.81 Cr. It was led by directors including Sandeep Jalan and Swastik Jalan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at No:C – 8 2nd Floor Room No. 1 Kudremukh Colony 2nd Block Sarjapur Road Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2023, the company reported a revenue of ₹80.08 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹5 Cr (net margin 6.2%) and EBITDA of ₹10.16 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 16% over five years.
The company had about 126 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹36.48 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The last known website on record is sati.co.in.
Company details
Contact details
Sati Granites (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is sati.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo:C – 8 2nd Floor Room No. 1 Kudremukh Colony 2nd Block Sarjapur Road Koramangala, Bangalore, Karnataka, India – 560034
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Sati Granites (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 Sati Granites (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sati Granites (India) Private Limited, buy the company report.
Financials of Sati Granites (India) Private Limited
FY 2023 filings availableSati Granites (India) Private Limited reported revenue of ₹80.08 Cr (up 44% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 44% growth in the latest year. EBITDA rose 57% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹80.08 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sati Granites (India) Private Limited, buy the company report.
Board of directors of Sati Granites (India) Private Limited
Sati Granites (India) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Jalan Also directs: Sati Exports India Private Limited, JC Stone India Private Limited, Sati Stones Studio Private Limited and 1 more | Director | 02 Aug 2011 | 15 Years 3 Months | As last reported |
| Swastik Jalan | Director | 02 Aug 2011 | 15 Years 3 Months | As last reported |
| Swaroop Jalan | Director | 01 Feb 2016 | 10 Years 9 Months | As last reported |
| Pankaj Chaudhary Also directs: Sati Exports India Private Limited | Director | 02 Aug 2011 | 15 Years 3 Months | As last reported |
Auditor
Sati Granites (India) Private Limited is audited by G.V. ACHARYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.V. ACHARYA & CO | FY 2023 | 000029S |
Shareholding
The shareholding of Sati Granites (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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sati Granites (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2017 | 100176682 | Yes Bank Limited | ₹17.9 Cr | Satisfied | |
| 21 Oct 2016 | 100063998 | Others | ₹18 Lakh | Satisfied | |
| 16 May 2016 | 100031851 | Others | ₹5 Lakh | Satisfied | |
| 02 Dec 2015 | 10614917 | Punjab National Bank | ₹9 Lakh | Satisfied | |
| 24 May 2012 | 10361193 | State Bank of India | ₹18.26 Cr | Satisfied |
To see the full charge records of Sati Granites (India) Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sati Granites (India) Private Limited has 3 court cases on record: 3 filed by Sati Granites (India). 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Diamond Granites | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Diamond Granites | Disposed |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner of GST and Central Excise | Disposed |
To see the full case history of Sati Granites (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
Sati Granites (India) Private Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 396 overdue payments to 71 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 71)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stonera Systems Private Limited | |||
| Sri Ganesh Timber Mart | |||
| Sri Sivasakthi HP Gas Services | |||
| Wasser Chemicals & Systems Private Limited | |||
| Diabu Diamond Tools (India) Private Limited |
To see the full MSME payment records of Sati Granites (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sati Granites (India) Private Limited has a workforce of 126 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Sati Granites (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAQCS1509R1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sati Granites (India) Private Limited, buy the company report.
Recent activity
Sati Granites (India) Private Limited has 8 board changes on record since 2011: 4 appointments and 4 cessations. The latest: Abhishek Periwal ceased to be Company Secretary on 09 Apr 2020.
10 earlier events are in the company report.
Frequently asked questions
Sati Granites (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sati Granites (India) was a private limited company based in Bangalore, Karnataka, India. The company worked in ceramics, within the manufacturing industry. It was incorporated on 02 August 2011 and is registered under CIN U26993KA2011PTC059844. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sati Granites (India) was incorporated on 02 August 2011. It is registered with the Registrar of Companies, Bangalore.
Sati Granites (India) had 4 directors:
- Sandeep Jalan - Director
- Swastik Jalan - Director
- Swaroop Jalan - Director
- Pankaj Chaudhary - Director
The CIN (Corporate Identification Number) of Sati Granites (India) is U26993KA2011PTC059844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sati Granites (India) is at No:C – 8 2nd Floor Room No. 1 Kudremukh Colony 2nd Block Sarjapur Road Koramangala, Bangalore, Karnataka, India – 560034.
Sati Granites (India) can be reached through the website sati.co.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Sati Granites (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Sati Granites (India) is 33AAQCS1509R1ZS, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Sati Granites (India) operated in the manufacturing industry, in the ceramics segment.
Sati Granites (India) has 5 MSME Form 1 returns on record between 2019 and 2020, listing 396 overdue payments to 71 micro and small suppliers. The latest return was filed on 27 Sep 2020.
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