Fortune MNC 500 India 2026 edition
Rank#380- Total income
- ₹860 Cr
- Profit
- ₹54 Cr
Last year #376
Sulzer India Private Limited - machinery and equipment in Kondhapuri, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹848.99 Cr
▲ 13% YoY
Net profit · FY 2024
₹54.27 Cr
Net margin 6.4%
EBITDA · FY 2024
₹91.4 Cr
EBITDA margin 10.8%
Authorised capital
₹10.05 Cr
Registered with MCA
Paid-up capital
₹3.45 Cr
Issued & subscribed
Satisfied charges
₹23.28 Cr
No open charges
Company age
38 yrs
Est. 1988
Employees · EPFO
604
Provident fund records
About Sulzer India Private Limited
Data last updated:
Sulzer India Private Limited is a private limited company based in Kondhapuri, Maharashtra, India, a subsidiary of Sulzer Ag. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 11 April 1988 and has been in existence for over 38 years.
Sulzer India is ranked #380 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29297PN1988PTC046977. Its GSTIN is 07AAACS7876D1Z6 (Delhi). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹10.05 Cr and a paid-up capital of ₹3.45 Cr. It was formerly known as Sulzer India Limited. It is led by directors Pramod Chandrakant Khade (Managing Director) and Philippe Andreas Dewitz.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gat No. 304 At Kondhapuri Taluka Shirur, Maharashtra, India – 412209.
As per the financials filed for FY 2024, the company reported a revenue of ₹848.99 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹54.27 Cr (net margin 6.4%) and EBITDA of ₹91.4 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 12% over five years.
The company has about 604 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹23.28 Cr on record. Court records list 51 cases involving the company, including 12 filed by the company and 39 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sulzer.com.
Company details
CIN U29297PN1988PTC046977
Registration Number 046977
Incorporation Date 11 April 1988
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Sulzer Ag
Compliance Status Active Compliant
CIN history
Sulzer India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29297PN1988PTC046977, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29297PN1988PTC046977 | Current |
| U29297PN1988PLC046977 | Previous |
| L29297PN1988PLC046977 | Previous |
| U28299PN1988PTC046977 | Previous |
Key People
Pramod Chandrakant Khade Managing Director Shrikrishna Chintaman Korde Company Secretary Philippe Andreas Dewitz Additional Director Recognitions & Rankings of Sulzer India
Contact details
Sulzer India Private Limited's registered office is in Kondhapuri, Maharashtra. Its website is sulzer.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No. 304 At Kondhapuri Taluka Shirur, Maharashtra, India – 412209
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Sulzer India Private Limited, buy the company report.
Comprehensive company report
Sulzer India 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 Sulzer India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| 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 | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Sulzer India Private Limited, buy the company report.
Financials of Sulzer India Private Limited
FY 2024 filings availableSulzer India Private Limited reported revenue of ₹848.99 Cr (up 13% YoY) for FY 2024.
Revenue · FY 2024
₹848.99 Cr ▲ 13%
Net profit · FY 2024
₹54.27 Cr margin 6.4%
EBITDA · FY 2024
₹91.4 Cr margin 10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 21%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 24%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 13% growth in the latest year. EBITDA fell 3% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹848.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹91.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.27 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | ||||
| Net Profit Margin | 6.4% | ||||
| 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 Sulzer India Private Limited, buy the company report.
Board of directors and KMP of Sulzer India Private Limited
Sulzer India Private Limited currently reports 2 directors and 1 key managerial person. 16 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikrishna Chintaman Korde | Company Secretary | 01 Apr 2011 | 15 Years 7 Months | Current |
| Pramod Chandrakant Khade | Managing Director | 21 Oct 2021 | 5 Years 0 Months | Current |
| Philippe Andreas Dewitz | Additional Director | 05 Mar 2025 | 1 Years 8 Months | Current |
Auditor
Sulzer India Private Limited is audited by BSR & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & CO LLP | FY 2023 | 101248 W-100022 |
Shareholding
The shareholding of Sulzer India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sulzer India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹23.28 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2003 | 90088702 | Hdfc Bank Limited | ₹13 Lakh | Satisfied | |
| 24 Nov 1995 | 90090226 | State Bank of India | ₹1.5 Cr | Satisfied | |
| 25 Jul 1995 | 90090167 | State Bank of India | ₹3.75 Cr | Satisfied | |
| 04 Aug 1994 | 90090000 | State Bank of India | ₹2.5 Cr | Satisfied | |
| 09 Dec 1993 | 90089905 | Banque Indosuez | ₹5.25 Cr | Satisfied |
To see the full charge records of Sulzer India Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Sulzer India Private Limited has 51 court cases on record: 12 filed by Sulzer India, 39 filed against it. 2 cases are pending and 49 are disposed.
Total cases
51
Filed by the company
12
Filed against the company
39
Pending
2
Disposed
49
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 17 | 2 |
| High courts | 23 | 20 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed against the company by Parc Robotic Systems Pvt. Ltd. Through Rahul Balasaheb Walunj | Disposed |
| Bombay High Court | Court case (CAC) | Filed against the company by Ankur Chemfood Products (Gujarat) Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by Ankur Chemfood Products (Gujarat) Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Khandwala Finstock Pvt.Ltd. | Disposed |
| High Court | Court case (APOT) | Filed against the company by Trade Apartments Ltd. | Disposed |
To see the full case history of Sulzer 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
Sulzer India Private Limited has 20 MSME Form 1 returns on record between 2019 and 2024, listing 516 overdue payments to 92 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 92)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Shanti Clearing Agency Private Limited | |||
| Mycare Health Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Sulzer India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sulzer India Private Limited has a workforce of 604 employees on its EPFO records as of Sep 24, 2025, across 3 active EPFO establishments.
Employee count
604
Active EPFO establishments
3
Employee growth
0.67%
GST
Sulzer India has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
5
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACS7876D1Z6 | Delhi | Active | 01 Jul 2017 |
| 24AAACS7876D1ZA | Gujarat | Active | 01 Jul 2017 |
| 27AAACS7876D1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 06AAACS7876D1Z8 | Haryana | Active | 04 Mar 2024 |
To see the full GST registrations and return filing status of Sulzer India Private Limited, buy the company report.
Recent activity
Sulzer India Private Limited has 34 board changes on record since 1988: 18 appointments and 16 cessations. The latest: Balaji Bakthisaran ceased to be Director on 31 Mar 2025.
Ceased
Balaji Bakthisaran ceased to be Director.
Ceased
Mallik Jambunathan ceased to be Director.
Appointed
Philippe Andreas Dewitz was appointed as Additional Director.
AGM
Sulzer India Private Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
Ceased
Leonhard Ivo Raymann ceased to be Additional Director.
Ceased
Victor Daw Pyng Chiam ceased to be Additional Director.
Filing
Sulzer India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Appointed
Leonhard Ivo Raymann was appointed as Additional Director.
Ceased
Torsten Wintergerste ceased to be Director.
Appointed
Pramod Chandrakant Khade was appointed as Managing Director.
Ceased
Bharat Hirachand Dagha ceased to be Director.
Charges
A charge registered on 10 Jul 1990 via Charge ID 90083678 with Bank Of America was fully satisfied on 15 Jul 2016.
53 earlier events are in the company report.
News
Frequently asked questions
Sulzer India is an active private limited company based in Kondhapuri, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 11 April 1988 (38+ years old) and is registered under CIN U29297PN1988PTC046977.
Sulzer India has 3 current directors and KMP:
- Pramod Chandrakant Khade - Managing Director
- Philippe Andreas Dewitz - Additional Director
- Shrikrishna Chintaman Korde - Company Secretary
The latest financial statements of Sulzer India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sulzer India is 07AAACS7876D1Z6, registered in Delhi. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACS7876D1ZA (Gujarat), 27AAACS7876D1Z4 (Maharashtra), 06AAACS7876D1Z8 (Haryana).
The CIN (Corporate Identification Number) of Sulzer India is U29297PN1988PTC046977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sulzer India has 51 court cases on record: 12 filed by the company and 39 filed against it. 2 are pending. Most are in the district courts.
Sulzer India was incorporated on 11 April 1988, making it 38+ years old. It is registered with the Registrar of Companies, Pune.
Balaji Bakthisaran ceased to be Director on 31 Mar 2025. Mallik Jambunathan ceased to be Director on 31 Mar 2025. Philippe Andreas Dewitz was appointed as Additional Director on 05 Mar 2025. Sulzer India has 34 board changes on record in total.
Sulzer India has 20 MSME Form 1 returns on record between 2019 and 2024, listing 516 overdue payments to 92 micro and small suppliers. The latest return was filed on 08 Jun 2024.
Sulzer India can be reached through the website sulzer.com. Its registered office is in Kondhapuri, Maharashtra, India.
The registered office of Sulzer India is at Gat No. 304 At Kondhapuri Taluka Shirur, Maharashtra, India – 412209.
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