MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0017715
Spraymet Surface Technologies Private Limited - engineering in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.55 Cr
▲ 26% YoY
Net profit · FY 2025
₹2.34 Cr
Net margin 10.9%
EBITDA · FY 2025
₹3.69 Cr
EBITDA margin 17.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2.52 Lakh
Issued & subscribed
Open charges
₹2.95 Cr
Satisfied ₹43.5 Lakh
Company age
30 yrs
Est. 1996
Employees · EPFO
18
Provident fund records
About Spraymet Surface Technologies Private Limited
Data last updated:
Spraymet Surface Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 09 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31901KA1996PTC020437. Its GSTIN is 29AAACB6051D1Z0 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.52 Lakh. It is led by directors including Pandurang Timanacharya Bindagi and Anjali Pandurang Bindagi.
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 A – 413 9th Main 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.55 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹2.34 Cr (net margin 10.9%) and EBITDA of ₹3.69 Cr (EBITDA margin 17.1%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 17% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.95 Cr and satisfied charges of ₹43.5 Lakh on record.
Spraymet Surface Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0017715). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spraymet.com.
Company details
CIN U31901KA1996PTC020437
Registration Number 020437
Incorporation Date 09 May 1996
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-03-0017715
Key People
Pandurang Timanacharya Bindagi Director Anjali Pandurang Bindagi Director Anisha Bindagi Pandurang Director Recognitions & Rankings of Spraymet Surface Technologies
Contact details
Spraymet Surface Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is spraymet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 413 9th Main 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Spraymet Surface Technologies Private Limited, buy the company report.
Comprehensive company report
Spraymet Surface Technologies 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
Business activity
The main business activity of Spraymet Surface Technologies is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Spraymet Surface Technologies Private Limited, buy the company report.
Financials of Spraymet Surface Technologies Private Limited
FY 2025 filings availableSpraymet Surface Technologies Private Limited reported revenue of ₹21.55 Cr (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹21.55 Cr ▲ 26%
Net profit · FY 2025
₹2.34 Cr margin 10.9%
EBITDA · FY 2025
₹3.69 Cr margin 17.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 29%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 39%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 26% growth in the latest year. EBITDA rose 52% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.69 Cr | ||||
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| Net Profit (PAT) | ₹2.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 17.1% | ||||
| Net Profit Margin | 10.9% | ||||
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To see the full financial statements and ratios of Spraymet Surface Technologies Private Limited, buy the company report.
Board of directors of Spraymet Surface Technologies Private Limited
Spraymet Surface Technologies has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pandurang Timanacharya Bindagi | Director | 17 Jun 2019 | 7 Years 4 Months | Current |
| Anjali Pandurang Bindagi | Director | 17 Jun 2019 | 7 Years 4 Months | Current |
| Anisha Bindagi Pandurang | Director | 03 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Spraymet Surface Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GSC Coatings (India) Private Limited | ₹21.56 Cr (FY 2025) | 13.0% | Pune, Maharashtra, India | |||
| Spraymet Surface Technologies Private Limitedthis company | ₹21.55 Cr (FY 2025) | ₹2.34 Cr | 10.9% | 26.0% | 18 | Bangalore, Karnataka, India |
| United Engifab Private Limited | ₹21.54 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Reliable Barrels Private Limited | ₹21.32 Cr (FY 2025) | -7.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Spraymet Surface Technologies Private Limited, buy the company report.
Auditor
Spraymet Surface Technologies Private Limited is audited by K. Vishweshwara Bhat & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. Vishweshwara Bhat & Co. | FY 2022 | 024995 |
Shareholding
The shareholding of Spraymet Surface Technologies 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spraymet Surface Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.95 Cr
Satisfied charges
₹43.5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2025 | 101066726 | Others | ₹15 Lakh | Open | |
| 14 Jun 2000 | 80013282 | Others | ₹2.8 Cr | Open | |
| 12 Mar 2013 | 10423981 | Bank of India | ₹20 Lakh | Satisfied | |
| 29 Sep 2003 | 90198336 | Bank of India | ₹11.75 Lakh | Satisfied | |
| 29 Sep 2003 | 90199663 | Bank of India | ₹11.75 Lakh | Satisfied |
To see the full charge records of Spraymet Surface Technologies Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Spraymet Surface Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spraymet Surface Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spraymet Surface Technologies Private Limited has a workforce of 18 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
5.88%
GST
Spraymet Surface Technologies has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACB6051D1Z0 | Karnataka | Active | 01 Jul 2017 |
| 27AAACB6051D1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spraymet Surface Technologies Private Limited, buy the company report.
Recent activity
Spraymet Surface Technologies Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Anjali Pandurang Bindagi ceased to be Additional Director on 30 Sep 2019.
AGM
Spraymet Surface Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spraymet Surface Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 15.00 Lakh with Charge ID 101066726 was registered on 14 Feb 2025.
Charges
A charge registered on 12 Mar 2013 via Charge ID 10423981 with Bank Of India was fully satisfied on 08 Sep 2022.
Charges
A charge registered on 29 Sep 2003 via Charge ID 90198336 with Bank Of India was fully satisfied on 08 Sep 2022.
Charges
A charge registered on 29 Sep 2003 via Charge ID 90199663 with Bank Of India was fully satisfied on 08 Sep 2022.
Ceased
Anjali Pandurang Bindagi ceased to be Additional Director.
Ceased
Pandurang Timanacharya Bindagi ceased to be Additional Director.
Ceased
Santosh Suresh Joshi ceased to be Additional Director.
Appointed
Anjali Pandurang Bindagi was appointed as Director.
Appointed
Pandurang Timanacharya Bindagi was appointed as Director.
Charges
A charge with Others of Rs. 280.00 Lakh registered on 14 Jun 2000 with Charge ID 80013282 was modified on 09 Apr 2019.
8 earlier events are in the company report.
Frequently asked questions
Spraymet Surface Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 09 May 1996 (30+ years old) and is registered under CIN U31901KA1996PTC020437.
Spraymet Surface Technologies has 3 current directors:
- Pandurang Timanacharya Bindagi - Director
- Anjali Pandurang Bindagi - Director
- Anisha Bindagi Pandurang - Director
The latest financial statements of Spraymet Surface Technologies 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 Spraymet Surface Technologies is 29AAACB6051D1Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACB6051D1Z4 (Maharashtra).
The CIN (Corporate Identification Number) of Spraymet Surface Technologies is U31901KA1996PTC020437. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spraymet Surface Technologies was incorporated on 09 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Spraymet Surface Technologies by revenue are GSC Coatings (India) Private Limited, United Engifab Private Limited, Reliable Barrels Private Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).
Anjali Pandurang Bindagi ceased to be Additional Director on 30 Sep 2019. Pandurang Timanacharya Bindagi ceased to be Additional Director on 30 Sep 2019. Santosh Suresh Joshi ceased to be Additional Director on 30 Sep 2019. Spraymet Surface Technologies has 8 board changes on record in total.
Yes, Spraymet Surface Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0017715).
Spraymet Surface Technologies can be reached through the website spraymet.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Spraymet Surface Technologies is at A – 413 9th Main 2nd Stage Peenya Industrial Area, Bangalore, Karnataka, India – 560058.