About Seaga India Private Limited
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Seaga India Private Limited is a private limited company based in Bahadurgarh, Haryana, India, a subsidiary of Sega Manufacturing, Inc.Usa. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 August 1966 and has been in existence for over 60 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U26992HR1966PTC082283. Its GSTIN is 06AAACK0236D1Z8 (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.14 Cr. It was formerly known as Seaga Industries (India) Private Limited and Karna Industries Limited. It is led by directors including Steven Vincent Chesney (Managing Director) and Michael Donald Freund.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 2 Sector 4 – B Hsiidc, Bahadurgarh, Haryana, India – 124507.
As per the financials filed for FY 2023, the company reported a revenue of ₹101.78 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.55 Cr (net margin 3.5%) and EBITDA of ₹4.78 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 14% over five years.
The company has about 129 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Seaga. As per MCA filings, the company has satisfied charges of ₹39.14 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.58 Cr; the latest was in June 2011. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 692 overdue payments to 59 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 seaga.com.
Company details
Name history
Seaga India has undergone 4 name changes throughout its history. The current legal name is Seaga India Private Limited.
| Company Name | Status |
|---|---|
| Seaga India Private Limited | Current |
| Seaga Industries (India) Private Limited | Previous |
| Karna Industries Limited | Previous |
| Karna Seaga Industries Limited | Previous |
| Seaga Industries (India) Limited | Previous |
CIN history
Seaga India has one previous CIN (Corporate Identification Number): U26992DL1966PTC004637. The current CIN is U26992HR1966PTC082283, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26992HR1966PTC082283 | Current |
| U26992DL1966PTC004637 | Previous |
Contact details
Seaga India Private Limited's registered office is in Bahadurgarh, Haryana. Its website is seaga.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 2 Sector 4 – B Hsiidc, Bahadurgarh, Haryana, India – 124507
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Seaga 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
Financials of Seaga India Private Limited
FY 2025 filings availableSeaga India Private Limited reported revenue of ₹101.78 Cr (up 13% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 13% growth in the latest year. EBITDA rose 18% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹101.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.55 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 | 4.7% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Seaga India Private Limited, buy the company report.
Board of directors of Seaga India Private Limited
Seaga India has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Michael Donald Freund | Director | 30 Aug 2023 | 3 Years 2 Months | Current |
| Gulab Singh Also directs: Carespot Global Private Limited | Director | 01 Dec 2019 | 6 Years 11 Months | Current |
| Steven Vincent Chesney | Managing Director | 05 Dec 2004 | 21 Years 11 Months | Current |
Auditor
Seaga India Private Limited is audited by Haribhakti & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haribhakti & Co. LLP | FY 2023 | 103523W/ W100048 |
Shareholding
The shareholding of Seaga 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 Seaga India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jan 2013 | 10477179 | Tenac Partners Llc | ₹13.45 Cr | Satisfied | |
| 27 Dec 2010 | 10265728 | State Bank of Bikaner & Jaipur | ₹4 Cr | Satisfied | |
| 23 Nov 2007 | 10086795 | State Bank of Bikaner & Jaipur | ₹8 Cr | Satisfied | |
| 12 Jul 2000 | 90042830 | Haryana State Industrial Dev. Corporation Ltd. | ₹1.53 Cr | Satisfied | |
| 10 Mar 2000 | 90042712 | Rajdhani Lesaing and Inds Ltd. | ₹16.51 Lakh | Satisfied |
To see the full charge records of Seaga India Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Seaga India Private Limited has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.58 Cr; the latest was in June 2011.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2011 | Secondary share transfer | Undisclosed | Seller: Seaga Manufacturing Inc |
| Sep 2010 | Funding round | ₹13.5 Lakh | Investors: Seaga Manufacturing Inc |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: Seaga Manufacturing Inc, an individual Seller: Seaga International Limited, Seaga International Limited & Steven V Chesney |
| Jun 2009 | Secondary share transfer | Undisclosed | Seller: Seaga International Limited |
| Jan 2009 | Secondary share transfer | Undisclosed | Seller: Seaga International Limited |
To see the full deal history of Seaga 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
Seaga India Private Limited has 4 court cases on record: 1 filed by Seaga India, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 2 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jhajjar, Haryana | Commercial suit | Filed by the company against M/S Flurry International Pvt. Ltd. Rajasthan Through Narendra Kasat | Disposed |
| High Court of Delhi | Writ petition | Filed against the company by an individual | Pending |
| High Court of Delhi | Tax appeal | Filed against the company by Commissioner of Income Tax Delhi III | Disposed |
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Seaga 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
Seaga India Private Limited was last rated by Icra on 31 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 May 2022 |
To see the full credit ratings and regulatory alerts of Seaga India Private Limited, buy the company report.
MSME payment delays
Seaga India Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 692 overdue payments to 59 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 59)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Feather Graphics India Private Limited | |||
| an individual supplier | |||
| Advance Dynamic Solutions Private Limited |
To see the full MSME payment records of Seaga India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Seaga India Private Limited has a workforce of 129 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Seaga India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACK0236D1Z8 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Seaga India Private Limited, buy the company report.
Recent activity
Seaga India Private Limited has 13 board changes on record since 2004: 3 appointments and 10 cessations. The latest: Michael Donald Freund ceased to be Additional Director on 14 Sep 2023.
24 earlier events are in the company report.
Frequently asked questions
Seaga India is an active private limited company based in Bahadurgarh, Haryana, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 August 1966 (60+ years old) and is registered under CIN U26992HR1966PTC082283.
Seaga India has 3 current directors:
- Steven Vincent Chesney - Managing Director
- Michael Donald Freund - Director
- Gulab Singh - Director
The latest financial statements of Seaga India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Seaga India is 06AAACK0236D1Z8, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Seaga India is U26992HR1966PTC082283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Seaga India has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Seaga India was incorporated on 01 August 1966, making it 60+ years old. It is registered with the Registrar of Companies, Delhi.
Seaga India has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.58 Cr; the latest was in June 2011.
Michael Donald Freund ceased to be Additional Director on 14 Sep 2023. Michael Donald Freund was appointed as Director on 30 Aug 2023. Gary John Partridge ceased to be Additional Director on 24 Dec 2020. Seaga India has 13 board changes on record in total.
Seaga India has 13 MSME Form 1 returns on record between 2019 and 2023, listing 692 overdue payments to 59 micro and small suppliers. The latest return was filed on 05 Dec 2023.
Seaga India can be reached through the website seaga.com. Its registered office is in Bahadurgarh, Haryana, India.
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