Schwing Stetter (India) Private Limited

Founded in 1998 and headquartered in Tamil Nadu, India.

1998 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated: October 04, 2024

Schwing Stetter (India) Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 24.09 Cr
  • Company Age 26 Year, 7 Months
  • Last Filing with ROC 31 Dec 2023
  • Open Charges ₹ 1,968.81 Cr
  • Satisfied Charges ₹ 718.03 Cr
  • Revenue Growth 37.96%
  • Profit Growth 30.50%
  • Ebitda 18.93%
  • Net Worth 15.61%
  • Total Assets 29.68%

About Schwing Stetter (India)

Schwing Stetter (India) Private Limited (SSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 June 1998 and has a history of 26 years and seven months. Its registered office is in Kanchipuram, Tamil Nadu, India.

The Corporate was formerly known as Schwing Stetter (India) Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 December 2023. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 24.09 Cr.

The company currently has active open charges totaling ₹1,968.81 Cr. The company has closed loans amounting to ₹718.03 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Schwing Stetter (India) Private Limited India is S Jagannathan as COMPANY SECRETARY. Mehmet Varlik, Jagannathan Srinivasachari, Rahul Sharma, and Three other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U45309TN1998PTC046270

  • Company No.

    046270

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Jun 1998

  • Date of AGM

    20 Mar 2024

  • Date of Balance Sheet

    31 Dec 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Machinery and Equipment

What products or services does Schwing Stetter (India) Private Limited offer?

Schwing Stetter (India) Private Limited offers a wide range of products and services, including Building & Construction Machines, Working Platform, Drilling & Boring Equipment, Industrial Drilling Machine, Commercial Vehicles & Three Wheelers, Trucks, Construction Equipment, Process Control Systems & Equipments, Weighing Controller, Pollution Control Devices & Machines.

Who are the key members and board of directors at Schwing Stetter (India)?

Executive Team (2)

Name Designation Appointment Date Status
Sakthikumar Govindarajan Country flag representing In Managing Director 01-Jan-2013 Current
S Jagannathan Country flag representing In Company Secretary 01-Jul-2021 Current

Board Members (5)

Name Designation Appointment Date Status
Mehmet Varlik Country flag representing Tr Director 23-Dec-2023 Current
Jagannathan Srinivasachari Country flag representing In Director and Company Secretary 17-Feb-2022 Current
Rahul Sharma Country flag representing In Director 17-Feb-2022 Current
Perumbedu Krishnakumar Country flag representing In Director 17-Feb-2022 Current
Veerasekaran Senthilkumar Country flag representing In Director 12-May-2023 Current

Financial Performance of Schwing Stetter (India).

Schwing Stetter (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 37.96% increase. The company also saw a substantial improvement in profitability, with a 30.5% increase in profit. The company's net worth Soared by an impressive increase of 15.61%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
37.96%
Revenue from Operations
37.67%
Total Assets
29.68%
Profit or Loss
30.50%
Net Worth
15.61%
EBITDA
18.93%

What is the Ownership and Shareholding Structure of Schwing Stetter (India)?

In 2022, Schwing Stetter (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,968.81 Cr

Satisfied Charges

₹718.03 Cr

Charges Breakdown by Lending Institutions

  • Others : 695.00 Cr
  • Hdfc Bank Limited : 667.21 Cr
  • Yes Bank Limited : 281.60 Cr
  • Axis Bank Limited : 175.00 Cr
  • Idbi Bank Limited : 150.00 Cr

Latest Charge Details

Date Lender Amount Status
21 Mar 2024 Hdfc Bank Limited ₹3.32 M Open
08 Sep 2023 Yes Bank Limited ₹120.00 Cr Open
11 Jul 2023 Others ₹50.00 Cr Open
24 Mar 2023 Hdfc Bank Limited ₹3.98 M Open
06 Mar 2023 Others ₹75.00 Cr Open

How Many Employees Work at Schwing Stetter (India)?

Schwing Stetter (India) has a workforce of 1740 employees as of Apr 24, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Schwing Stetter (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Schwing Stetter (India)'s trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Schwing Stetter (India)

Recent activity within the organization

  • Charges

    A charge with Idbi Bank Limited of Rs. 150.00 Cr registered on 18 Dec 2021 with Charge ID 100512549 was modified on 22 Jul 2024.

    22 Jul 2024

  • Charges

    A charge with Axis Bank Limited of Rs. 175.00 Cr registered on 13 Feb 2019 with Charge ID 100240144 was modified on 26 Jun 2024.

    26 Jun 2024

  • Charges

    A charge with Others of Rs. 150.00 Cr registered on 28 Sep 2005 with Charge ID 90288421 was modified on 12 Jun 2024.

    12 Jun 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.33 Cr with Charge ID 100899916 was registered on 21 Mar 2024.

    21 Mar 2024

  • Annual General Meeting

    Schwing Stetter (India) Private Limited last Annual general meeting of members was held on 20 Mar 2024 as per latest MCA records.

    20 Mar 2024

  • Balance Sheet

    Schwing Stetter (India) Private Limited has filed its annual Financial statements for the year ended 31 Dec 2023 with Roc Chennai.

    31 Dec 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Schwing Stetter (India) Private Limited was incorporated on 18 Jun 1998.

  • The authorized share capital of Schwing Stetter (India) Private Limited is ₹ 25.00 Cr and paid-up capital is ₹ 24.09 Cr.

  • Currently 7 directors are associated with Schwing Stetter (India) Private Limited.

    • Mehmet Tahir Varlik
    • Jagannathan Srinivasachari
    • Rahul Sharma
    • Sakthikumar Velayutham Govindarajan
    • Perumbedu Narasimhan Krishnakumar
    • Veerasekaran Senthilkumar
    • S Jagannathan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Schwing Stetter (India) Private Limited is F-71 Sipcot Industrial Park Irungattukottai, Sriperumbudur Taluk, Kancheepuram District, Tamil Nadu, India, 602105.

  • The corporate identification number (CIN) of Schwing Stetter (India) Private Limited is U45309TN1998PTC046270 and the company number is 046270 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Schwing Stetter (India) Private Limited is https://www.schwingstetterindia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Schwing Stetter (India) Private Limited has risen by 37.96%.

  • As Per 2023 financial reports, 1740 employees are currently employed by Schwing Stetter (India) Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Schwing Stetter (India) Private Limited has experienced an upsurge of 15.61%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Schwing Stetter (India) Private Limited amount to ₹ 1,968.81 Cr.

  • The most recent Balance Sheet for Schwing Stetter (India) Private Limited was filed with the ROC on 31 Dec 2023.

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