MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-04-0013786
Siddharth Heavy Industries Private Limited - machinery and equipment in Belgaum, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹19.66 Cr
▲ 72% YoY
Net profit · FY 2024
₹2.49 Cr
Net margin 12.7%
EBITDA · FY 2024
₹4.01 Cr
EBITDA margin 20.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹89.82 Lakh
Issued & subscribed
Open charges
₹2.96 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
57
Provident fund records
About Siddharth Heavy Industries Private Limited
Data last updated:
Siddharth Heavy Industries Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 19 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29253KA2011PTC058713. Its GSTIN is 29AAQCS6919R1Z1 (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹89.82 Lakh. It is led by directors including Siddharth Suhaschandra Chandgadkar (Managing Director) and Rahul Rajaram Bagal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 492/A Waghawade Road Machhe, Belgaum, Karnataka, India – 590014.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.66 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹2.49 Cr (net margin 12.7%) and EBITDA of ₹4.01 Cr (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 10% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Siddharth Heavy Industries. As per MCA filings, the company has open charges of ₹2.96 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Siddharth Heavy Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0013786). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siddharthindustries.com.
Company details
CIN U29253KA2011PTC058713
Registration Number 058713
Incorporation Date 19 May 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-04-0013786
Key People
Siddharth Suhaschandra Chandgadkar Managing Director Rahul Rajaram Bagal Whole-Time Director Prashant Chandrakant Jadhav Whole-Time Director Recognitions & Rankings of Siddharth Heavy Industries
Contact details
Siddharth Heavy Industries Private Limited's registered office is in Belgaum, Karnataka. Its website is siddharthindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address492/A Waghawade Road Machhe, Belgaum, Karnataka, India – 590014
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
To see the full contact details of Siddharth Heavy Industries Private Limited, buy the company report.
Comprehensive company report
Siddharth Heavy Industries Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Siddharth Heavy Industries operates one associated brand: Siddharth Heavy Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of hydraulic presses and special purpose machines in India. | siddharthindustries.com |
Business activity
The main business activity of Siddharth Heavy Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Siddharth Heavy Industries Private Limited, buy the company report.
Financials of Siddharth Heavy Industries Private Limited
FY 2025 filings availableSiddharth Heavy Industries Private Limited reported revenue of ₹19.66 Cr (up 72% YoY) for FY 2024.
Revenue · FY 2024
₹19.66 Cr ▲ 72%
Net profit · FY 2024
₹2.49 Cr margin 12.7%
EBITDA · FY 2024
₹4.01 Cr margin 20.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 49%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 510%
3 years · compounded
▲ 108%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 72% growth in the latest year. EBITDA rose 510% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹4.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.49 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.4% | ||||
| Net Profit Margin | 12.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Siddharth Heavy Industries Private Limited, buy the company report.
Board of directors of Siddharth Heavy Industries Private Limited
Siddharth Heavy Industries has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Rajaram Bagal Also directs: Siddharth Extrusions Private Limited | Whole-Time Director | 23 Mar 2012 | 14 Years 7 Months | Current |
| Apurva Siddharth Chandgadkar | Director | 29 May 2015 | 11 Years 4 Months | Current |
| Prashant Chandrakant Jadhav Also directs: Siddharth Extrusions Private Limited | Whole-Time Director | 23 Mar 2012 | 14 Years 7 Months | Current |
| Siddharth Suhaschandra Chandgadkar Also directs: Siddharth Extrusions Private Limited | Managing Director | 23 Mar 2012 | 14 Years 7 Months | Current |
| Swati Suhaschandra Chandgadkar | Director | 29 May 2015 | 11 Years 4 Months | Current |
Peer comparison
Siddharth Heavy Industries Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omfb India Private Limited | ₹20.62 Cr (FY 2025) | -20.0% | Bangalore, Karnataka, India | |||
| Siddharth Heavy Industries Private Limitedthis company | ₹19.66 Cr (FY 2024) | ₹2.49 Cr | 12.7% | 72.0% | 57 | Belgaum, Karnataka, India |
| Rajlaxmi Hydraulics & Engineering Private Limited | ₹19.35 Cr (FY 2024) | 51.0% | Bhavnagar, Gujarat, India | |||
| Oilgear India Private Limited | ₹17.89 Cr (FY 2025) | 45.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Siddharth Heavy Industries Private Limited, buy the company report.
Auditor
Siddharth Heavy Industries Private Limited is audited by D B KULKARNI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D B KULKARNI & CO | FY 2021 | 001566S |
Shareholding
The shareholding of Siddharth Heavy Industries Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Siddharth Heavy Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.96 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 2023 | 100706960 | Canara Bank | ₹2.01 Cr | Open | |
| 16 Apr 2012 | 10354399 | Syndicate Bank | ₹95 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Siddharth Heavy Industries Private Limited has 1 court case on record: 1 filed by Siddharth Heavy Industries. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against Macrocosm Infrastructure Power P Ltd | Disposed |
To see the full case history of Siddharth Heavy Industries 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 Siddharth Heavy Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Siddharth Heavy Industries Private Limited has a workforce of 57 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
57
Active EPFO establishments
1
Employee growth
-5%
GST
Siddharth Heavy Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAQCS6919R1Z1 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Siddharth Heavy Industries Private Limited, buy the company report.
Recent activity
Siddharth Heavy Industries Private Limited has 12 board changes on record since 2012: 5 appointments and 7 cessations. The latest: Suhaschandra Pandurang Chandgadkar ceased to be Director on 23 Feb 2018.
AGM
Siddharth Heavy Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Siddharth Heavy Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 2.01 Cr with Charge ID 100706960 was registered on 08 Mar 2023.
Ceased
Suhaschandra Pandurang Chandgadkar ceased to be Director.
Ceased
Shashikant Pandurang Chandgadkar ceased to be Whole-Time Director.
Ceased
Apurva Siddharth Chandgadkar ceased to be Additional Director.
Ceased
Swati Suhaschandra Chandgadkar ceased to be Additional Director.
Appointed
Apurva Siddharth Chandgadkar was appointed as Director.
Appointed
Swati Suhaschandra Chandgadkar was appointed as Director.
Ceased
Prashant Chandrakant Jadhav ceased to be Director.
Ceased
Siddharth Suhaschandra Chandgadkar ceased to be Director.
Ceased
Rahul Rajaram Bagal ceased to be Additional Director.
5 earlier events are in the company report.
Frequently asked questions
Siddharth Heavy Industries is an active private limited company based in Belgaum, Karnataka, India. The company works in hydraulic machinery and equipment, within the machinery and equipment industry. It was incorporated on 19 May 2011 (15+ years old) and is registered under CIN U29253KA2011PTC058713.
Siddharth Heavy Industries has 5 current directors:
- Siddharth Suhaschandra Chandgadkar - Managing Director
- Rahul Rajaram Bagal - Whole-Time Director
- Prashant Chandrakant Jadhav - Whole-Time Director
- Apurva Siddharth Chandgadkar - Director
- Swati Suhaschandra Chandgadkar - Director
The latest financial statements of Siddharth Heavy Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Siddharth Heavy Industries is 29AAQCS6919R1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Siddharth Heavy Industries is U29253KA2011PTC058713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siddharth Heavy Industries has 1 court case on record: 1 filed by the company.
Siddharth Heavy Industries was incorporated on 19 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Siddharth Heavy Industries by revenue are Omfb India Private Limited, Rajlaxmi Hydraulics & Engineering Private Limited, Oilgear India Private Limited, all in the Machinery and Equipment industry (Hydraulic Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Suhaschandra Pandurang Chandgadkar ceased to be Director on 23 Feb 2018. Shashikant Pandurang Chandgadkar ceased to be Whole-Time Director on 25 Jan 2018. Apurva Siddharth Chandgadkar ceased to be Additional Director on 30 Sep 2015. Siddharth Heavy Industries has 12 board changes on record in total.
Yes, Siddharth Heavy Industries is registered as a small enterprise under Udyam registration (number: UDYAM-KR-04-0013786).
Siddharth Heavy Industries can be reached through the website siddharthindustries.com. Its registered office is in Belgaum, Karnataka, India.