About Shagil Precision India Private Limited
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Shagil Precision India Private Limited is a private limited company based in Mangalore, Karnataka, India, a subsidiary of Mutek Sa. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 17 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28133KA2013PTC070166. Its GSTIN is 29AATCS3797A1ZR (Karnataka).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹77.01 Lakh. It is led by directors Karkala Venugopal and Avinash Kumar.
Its last annual general meeting (AGM) was held on 20 March 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #2 – 331/6/F Nithyananda Nagar Derlakatte, Mangalore, Karnataka, India – 575018.
As per the financials filed for FY 2023, the company reported a revenue of ₹38.68 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹35.65 Lakh (net margin -92.2%) and EBITDA of -₹26.54 Lakh (EBITDA margin -68.6%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 23% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.65 Cr on record. Court records list 16 cases involving the company, including 9 filed by the company and 7 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website shagil.in.
Company details
Contact details
Shagil Precision India Private Limited's registered office is in Mangalore, Karnataka. Its website is shagil.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address#2 – 331/6/F Nithyananda Nagar Derlakatte, Mangalore, Karnataka, India – 575018
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Shagil Precision 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 Shagil Precision India is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of Shagil Precision India Private Limited, buy the company report.
Financials of Shagil Precision India Private Limited
FY 2023 filings availableShagil Precision India Private Limited reported revenue of ₹38.68 Lakh (down 78% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 78% fall in the latest year. EBITDA fell 140% 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 |
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| EBITDA | -₹26.54 Lakh | ||||
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| Net Profit (PAT) | -₹35.65 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -68.6% | ||||
| Net Profit Margin | -92.2% | ||||
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To see the full financial statements and ratios of Shagil Precision India Private Limited, buy the company report.
Board of directors of Shagil Precision India Private Limited
Shagil Precision India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karkala Venugopal | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Avinash Kumar | Director | 01 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Shagil Precision India Private Limited is audited by G S BUDYAL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S BUDYAL & CO | FY 2022 | 000523S |
Shareholding
The shareholding of Shagil Precision India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shagil Precision India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jan 2015 | 10559781 | Karnataka Bank Ltd. | ₹1.65 Cr | Open |
To see the full charge records of Shagil Precision India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Shagil Precision India Private Limited has 16 court cases on record: 9 filed by Shagil Precision India, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 7 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Appeal | Filed against the company by M/S Lohatec Precision Pvt. Ltd., | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against M/S Lohatec Precision Pvt. Ltd. | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against M/S Lohatec Precision Pvt. Ltd., | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Appeal | Filed against the company by M/S Lohatec Prevision Pvt. Ltd., | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against M/S Lohatec Precidion Pvt. Ltd. | Disposed |
To see the full case history of Shagil Precision 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
No delayed payments to MSME suppliers are on our record for Shagil Precision India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shagil Precision India Private Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Shagil Precision India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AATCS3797A1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shagil Precision India Private Limited, buy the company report.
Recent activity
Shagil Precision India Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Baikadi Krishnayya Narayan ceased to be Director on 10 Sep 2025.
1 earlier event is in the company report.
Frequently asked questions
Shagil Precision India is an active private limited company based in Mangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 17 July 2013 (13+ years old) and is registered under CIN U28133KA2013PTC070166.
Shagil Precision India has 2 current directors:
- Karkala Venugopal - Director
- Avinash Kumar - Director
The latest financial statements of Shagil Precision India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 20 March 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shagil Precision India is 29AATCS3797A1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Shagil Precision India is U28133KA2013PTC070166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shagil Precision India has 16 court cases on record: 9 filed by the company and 7 filed against it.
Shagil Precision India was incorporated on 17 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Baikadi Krishnayya Narayan ceased to be Director on 10 Sep 2025. Avinash Kumar was appointed as Director on 01 Sep 2025. Karkala Venugopal was appointed as Director on 01 Sep 2025. Shagil Precision India has 8 board changes on record in total.
Shagil Precision India can be reached through the website shagil.in. Its registered office is in Mangalore, Karnataka, India.
The registered office of Shagil Precision India is at #2 – 3316F Nithyananda Nagar Derlakatte, Mangalore, Karnataka, India – 575018.