MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-11-0003747
The Canara Workshops Limited - automotive in Mangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.43 Cr
▼ 20% YoY
Net loss · FY 2025
₹2.59 Cr
Net margin -14%
EBITDA · FY 2025
-₹84.53 Lakh
EBITDA margin -4.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.47 Cr
Issued & subscribed
Open charges
₹10.28 Cr
Satisfied ₹27.85 Lakh
Company age
83 yrs
Est. 1943
Employees · EPFO
146
Provident fund records
About The Canara Workshops Limited
Data last updated:
The Canara Workshops Limited is a public limited company based in Mangalore, Karnataka, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 27 January 1943 and has been in existence for over 83 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA1943PLC001075. Its GSTIN is 29AAACC9018M1ZB (Karnataka). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.47 Cr. It is led by directors including Premnath Srinivas Kudva (Nodal Officer) and Venkatesh Pai Mangalore.
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 V S Kudva Roadmaroli Mangalore., Karnataka, India – 575005.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.43 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹2.59 Cr (net margin -14%) and EBITDA of -₹84.53 Lakh (EBITDA margin -4.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 146 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Canara Springs. As per MCA filings, the company has open charges of ₹10.28 Cr and satisfied charges of ₹27.85 Lakh on record. Court records list 23 cases involving the company, including 19 filed by the company and 4 filed against it; 1 case is pending.
The Canara Workshops Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-11-0003747). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website canarasprings.in.
Company details
CIN U51909KA1943PLC001075
Registration Number 001075
Incorporation Date 27 January 1943
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-11-0003747
CIN history
The Canara Workshops has one previous CIN (Corporate Identification Number): L51909KA1943PLC001075. The current CIN is U51909KA1943PLC001075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909KA1943PLC001075 | Current |
| L51909KA1943PLC001075 | Previous |
Key People
Premnath Srinivas Kudva Nodal Officer Venkatesh Pai Mangalore Director Voderbet Mahesh Kamath Director Recognitions & Rankings of The Canara Workshops
Contact details
The Canara Workshops Limited's registered office is in Mangalore, Karnataka. Its website is canarasprings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressV S Kudva Roadmaroli Mangalore., Karnataka, India – 575005
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of The Canara Workshops Limited, buy the company report.
Comprehensive company report
The Canara Workshops 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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Brands
The Canara Workshops operates one associated brand: Canara Springs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures leaf springs for heavy, light commercial, and passenger vehicles in India. | canarasprings.in |
Business activity
The main business activity of The Canara Workshops is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of The Canara Workshops Limited, buy the company report.
Financials of The Canara Workshops Limited
FY 2025 filings availableThe Canara Workshops Limited reported revenue of ₹18.43 Cr (down 20% YoY) for FY 2025.
Revenue · FY 2025
₹18.43 Cr ▼ 20%
Net loss · FY 2025
₹2.59 Cr margin -14%
EBITDA · FY 2025
-₹84.53 Lakh margin -4.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 1%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▼ 154%
3 years · compounded
▼ 5%
5 years · compounded
▼ 49%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 20% fall in the latest year. EBITDA fell 154% 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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| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹84.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.59 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | -4.6% | ||||
| Net Profit Margin | -14% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of The Canara Workshops Limited, buy the company report.
Board of directors of The Canara Workshops Limited
The Canara Workshops has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Premnath Srinivas Kudva Also directs: CPC Logistics Limited | Nodal Officer | 06 Feb 2020 | 6 Years 8 Months | Current |
| Venkatesh Pai Mangalore | Director | 30 Jul 2002 | 24 Years 2 Months | Current |
| Voderbet Mahesh Kamath Also directs: The Mangalore Trading Association Private Limited | Director | 30 Jul 2004 | 22 Years 2 Months | Current |
Auditor
The Canara Workshops Limited is audited by A.UMANATH RAO AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.UMANATH RAO AND CO | FY 2023 | 004454S |
Shareholding
The shareholding of The Canara Workshops 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 The Canara Workshops Limited, buy the company report.
Charges & borrowings
Open charges
₹10.28 Cr
Satisfied charges
₹27.85 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 1988 | 80029867 | State Bank of India | ₹10.28 Cr | Open | |
| 29 Aug 2022 | 100606689 | Canara Bank | ₹92,900 | Satisfied | |
| 31 Jan 2019 | 100237302 | State Bank of India | ₹3.6 Lakh | Satisfied | |
| 31 Mar 2018 | 100204447 | State Bank of India | ₹9.52 Lakh | Satisfied | |
| 27 Oct 2017 | 100133528 | State Bank of India | ₹10.8 Lakh | Satisfied |
To see the full charge records of The Canara Workshops Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
The Canara Workshops Limited has 23 court cases on record: 19 filed by The Canara Workshops, 4 filed against it. 1 case is pending and 22 are disposed.
Total cases
23
Filed by the company
19
Filed against the company
4
Pending
1
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 2 | 1 |
| District courts | 10 | 2 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The Karnataka Power Transmission Corporation Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed by the company against Shameemulla, Proprietor M/S. Basha Automobiles | Disposed |
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed by the company against S. Annapurna Bai Authorized Signatory for Mahadev Traders | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of The Canara Workshops 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
The Canara Workshops Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 175 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Mysore Paints and Varnish Limited | |||
| Super Technologies | |||
| Mini Iron and Steel Private Limited | |||
| Springtech Suspensions Private Limited |
To see the full MSME payment records of The Canara Workshops Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
The Canara Workshops Limited has a workforce of 146 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
146
Active EPFO establishments
1
Employee growth
-6.41%
GST
The Canara Workshops has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACC9018M1ZB | Karnataka | Active | 01 Jul 2017 |
| 29AAACC9018M2ZA | Karnataka | Active | 01 Apr 2025 |
| 27AAACC9018M1ZF | Maharashtra | Active | 01 Jul 2017 |
| 32AAACC9018M1ZO | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of The Canara Workshops Limited, buy the company report.
Recent activity
The Canara Workshops Limited has 7 board changes on record since 2002: 3 appointments and 4 cessations. The latest: Premnath Srinivas Kudva ceased to be Whole-Time Director on 31 Oct 2020.
AGM
The Canara Workshops Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 29 Aug 2022 via Charge ID 100606689 with Canara Bank was fully satisfied on 20 Jun 2025.
Filing
The Canara Workshops Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 31 Mar 2018 via Charge ID 100204447 with State Bank Of India was fully satisfied on 10 Dec 2024.
Charges
A charge registered on 27 Oct 2017 via Charge ID 100133528 with State Bank Of India was fully satisfied on 26 Jul 2024.
Charges
A charge with State Bank Of India of Rs. 10.28 Cr registered on 10 Dec 1988 with Charge ID 80029867 was modified on 25 May 2024.
Charges
A charge with Canara Bank amounted to Rs. 0.01 Cr with Charge ID 100606689 was registered on 29 Aug 2022.
Charges
A charge registered on 31 Jan 2019 via Charge ID 100237302 with State Bank Of India was fully satisfied on 06 May 2022.
Ceased
Premnath Srinivas Kudva ceased to be Whole-Time Director.
Appointed
Premnath Srinivas Kudva was appointed as Nodal Officer.
Charges
A charge with State Bank Of India amounted to Rs. 0.04 Cr with Charge ID 100237302 was registered on 31 Jan 2019.
Ceased
Mohan Mallya Ullal ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
The Canara Workshops is an active public limited company based in Mangalore, Karnataka, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 27 January 1943 (83+ years old) and is registered under CIN U51909KA1943PLC001075.
The Canara Workshops has 3 current directors:
- Venkatesh Pai Mangalore - Director
- Voderbet Mahesh Kamath - Director
- Premnath Srinivas Kudva - Nodal Officer
The latest financial statements of The Canara Workshops 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 The Canara Workshops is 29AAACC9018M1ZB, registered in Karnataka. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 29AAACC9018M2ZA (Karnataka), 27AAACC9018M1ZF (Maharashtra), 32AAACC9018M1ZO (Kerala).
The CIN (Corporate Identification Number) of The Canara Workshops is U51909KA1943PLC001075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The Canara Workshops has 23 court cases on record: 19 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
The Canara Workshops was incorporated on 27 January 1943, making it 83+ years old. It is registered with the Registrar of Companies, Bangalore.
Premnath Srinivas Kudva ceased to be Whole-Time Director on 31 Oct 2020. Premnath Srinivas Kudva was appointed as Nodal Officer on 06 Feb 2020. Mohan Mallya Ullal ceased to be Director on 24 Oct 2018. The Canara Workshops has 7 board changes on record in total.
Yes, The Canara Workshops is registered as a small enterprise under Udyam registration (number: UDYAM-KR-11-0003747).
The Canara Workshops has 19 MSME Form 1 returns on record between 2019 and 2024, listing 175 overdue payments to 8 micro and small suppliers. The latest return was filed on 25 Apr 2024.
The Canara Workshops can be reached through the website canarasprings.in. Its registered office is in Mangalore, Karnataka, India.