MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0064044
Sushee Coatings Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.56 Cr
▲ 182% YoY
Net profit · FY 2025
₹1.07 Cr
Net margin 5%
EBITDA · FY 2025
₹1.95 Cr
EBITDA margin 9%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹2.79 Cr
Satisfied ₹2.62 Cr
Company age
28 yrs
Est. 1998
Directors on board
5
As per MCA filings
About Sushee Coatings Private Limited
Data last updated:
Sushee Coatings Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 12 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24132KA1998PTC023491. Its GSTIN is 29AAGCS7711P1ZN (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Murugeshan Balasubhramaniam (Managing Director) and Sangeetha Balasubramaniam.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 436 7th Cross Prakash Nagar, Bangalore, Karnataka, India – 560021.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 5%) and EBITDA of ₹1.95 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 170% over three years and 90% over five years.
As per MCA filings, the company has open charges of ₹2.79 Cr and satisfied charges of ₹2.62 Cr on record.
Sushee Coatings Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0064044). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website susheecoatings.com.
Company details
CIN U24132KA1998PTC023491
Registration Number 023491
Incorporation Date 12 March 1998
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0064044
Key People
Murugeshan Balasubhramaniam Managing Director Sangeetha Balasubramaniam Director Shankar Balasubramaniam Director Recognitions & Rankings of Sushee Coatings
Contact details
Sushee Coatings Private Limited's registered office is in Bangalore, Karnataka. Its website is susheecoatings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address436 7th Cross Prakash Nagar, Bangalore, Karnataka, India – 560021
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Sushee Coatings Private Limited, buy the company report.
Comprehensive company report
Sushee Coatings 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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Business activity
The main business activity of Sushee Coatings is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Sushee Coatings Private Limited, buy the company report.
Financials of Sushee Coatings Private Limited
FY 2024 filings availableSushee Coatings Private Limited reported revenue of ₹21.56 Cr (up 182% YoY) for FY 2025.
Revenue · FY 2025
₹21.56 Cr ▲ 182%
Net profit · FY 2025
₹1.07 Cr margin 5%
EBITDA · FY 2025
₹1.95 Cr margin 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 182%
3 years · compounded
▲ 170%
5 years · compounded
▲ 90%
EBITDA CAGR growth
1 year
▲ 99%
3 years · compounded
▲ 90%
5 years · compounded
▲ 63%
Revenue has grown at a compounded annual rate (CAGR) of 90% over five years, including 182% growth in the latest year. EBITDA rose 99% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.07 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Sushee Coatings Private Limited, buy the company report.
Board of directors of Sushee Coatings Private Limited
Sushee Coatings has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangeetha Balasubramaniam Also directs: Sushee Foods Private Limited | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Murugeshan Balasubhramaniam Also directs: Sushee Foods Private Limited, Susheeflex Polymers Private Limited | Managing Director | 12 Mar 1998 | 28 Years 7 Months | Current |
| Shankar Balasubramaniam Also directs: Sushee Foods Private Limited, Susheeflex Polymers Private Limited | Director | 04 Dec 2023 | 2 Years 11 Months | Current |
| Easwaramurthy Murugeshan Also directs: Sushee Foods Private Limited, Susheeflex Polymers Private Limited | Director | 12 Mar 1998 | 28 Years 7 Months | Current |
| Arun Easwara Murthy Also directs: Sushee Foods Private Limited, Susheeflex Polymers Private Limited | Director | 04 Dec 2023 | 2 Years 11 Months | Current |
Auditor
Sushee Coatings Private Limited is audited by RINDASA K BAKALE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RINDASA K BAKALE & CO | FY 2023 | 232589 |
Shareholding
The shareholding of Sushee Coatings 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 Sushee Coatings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.79 Cr
Satisfied charges
₹2.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2025 | 101055440 | Others | ₹2.6 Cr | Open | |
| 23 Jan 2010 | 10200087 | Idbi Bank Limited | ₹19.06 Lakh | Open | |
| 29 Sep 2023 | 100796770 | The South Indian Bank Limited | ₹18 Lakh | Satisfied | |
| 16 Jun 2016 | 100039087 | The South Indian Bank Limited | ₹2.24 Cr | Satisfied | |
| 04 Apr 2014 | 10501051 | Idbi Bank Ltd | ₹20 Lakh | Satisfied |
To see the full charge records of Sushee Coatings Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Sushee Coatings 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 Sushee Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sushee Coatings has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCS7711P1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sushee Coatings Private Limited, buy the company report.
Recent activity
Sushee Coatings Private Limited has 6 board changes on record since 1998: 5 appointments and 1 cessation. The latest: Arun Easwara Murthy was appointed as Director on 04 Dec 2023.
AGM
Sushee Coatings Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 260.00 Lakh with Charge ID 101055440 was registered on 15 Feb 2025.
Charges
A charge registered on 29 Sep 2023 via Charge ID 100796770 with The South Indian Bank Limited was fully satisfied on 24 Oct 2024.
Charges
A charge registered on 16 Jun 2016 via Charge ID 100039087 with The South Indian Bank Limited was fully satisfied on 24 Oct 2024.
Filing
Sushee Coatings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Arun Easwara Murthy was appointed as Director.
Appointed
Shankar Balasubramaniam was appointed as Director.
Ceased
Susheela Ramaswamy Mudaliar ceased to be Director.
Charges
A charge with The South Indian Bank Limited of Rs. 223.63 Lakh registered on 16 Jun 2016 with Charge ID 100039087 was modified on 04 Oct 2023.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 18.00 Lakh with Charge ID 100796770 was registered on 29 Sep 2023.
Charges
A charge registered on 04 Apr 2014 via Charge ID 10501051 with Idbi Bank Ltd was fully satisfied on 20 Jul 2016.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 223.63 Lakh with Charge ID 100039087 was registered on 16 Jun 2016.
6 earlier events are in the company report.
Frequently asked questions
Sushee Coatings is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 12 March 1998 (28+ years old) and is registered under CIN U24132KA1998PTC023491.
Sushee Coatings has 5 current directors:
- Murugeshan Balasubhramaniam - Managing Director
- Sangeetha Balasubramaniam - Director
- Shankar Balasubramaniam - Director
- Easwaramurthy Murugeshan - Director
- Arun Easwara Murthy - Director
The latest financial statements of Sushee Coatings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sushee Coatings is 29AAGCS7711P1ZN, registered in Karnataka. 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 Sushee Coatings is U24132KA1998PTC023491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sushee Coatings was incorporated on 12 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Arun Easwara Murthy was appointed as Director on 04 Dec 2023. Shankar Balasubramaniam was appointed as Director on 04 Dec 2023. Susheela Ramaswamy Mudaliar ceased to be Director on 04 Dec 2023. Sushee Coatings has 6 board changes on record in total.
Yes, Sushee Coatings is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0064044).
Sushee Coatings can be reached through the website susheecoatings.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Sushee Coatings is at 436 7th Cross Prakash Nagar, Bangalore, Karnataka, India – 560021.
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