About Topflite Components Private Limited
Data last updated:
Topflite Components Private Limited is a private limited company based in Mysore, Karnataka, India, a subsidiary of Topflite Manufacturing Inc. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 23 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29253KA2014PTC076545. Its GSTIN is 29AAFCG7501E1ZR (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Gcx Connectors India Private Limited. It is led by directors including Rachin Bhasi (Managing Director) and Jonathan Gregory Falco.
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 Plot No. 41[Part] Koorgalli Industrial Area, Mysore, Karnataka, India – 570018.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.35 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹3.99 Cr (net margin 21.7%) and EBITDA of ₹6.66 Cr (EBITDA margin 36.3%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 16% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.38 Cr and satisfied charges of ₹18.88 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website topflitecomponents.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 41[Part] Koorgalli Industrial Area, Mysore, Karnataka, India – 570018
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Topflite Components Private Limited
The main business activity of Topflite Components is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Topflite Components Private Limited FY 2025 filings available
Topflite Components Private Limited reported revenue of ₹18.35 Cr (up 58% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Topflite Components Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 58% growth in the latest year. EBITDA rose 260% 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 of Topflite Components Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.66 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.99 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 of Topflite Components Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 21.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Topflite Components are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Topflite Components Private Limited
Topflite Components Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raju Engineering Works Private Limited | ₹18.4 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Hi-Speed Drilling Solutions India Private Limited | ₹18.4 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Bangalore, Karnataka, India |
| Jaimatadi Machinery Private Limited | ₹18.4 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| P. R. Fasteners Private Limited | ₹18.37 Cr (FY 2021) | •••• | •••• | -40.0% | •••• | Gurgaon, Haryana, India |
| Poona Pressings Pvt Ltd | ₹18.36 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Pune, Maharashtra, India |
| Topflite Components Private Limited this company | ₹18.35 Cr (FY 2024) | •••• | •••• | 58.0% | •••• | Mysore, Karnataka, India |
| Kailash Impex Ltd | ₹18.32 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Punjab, India |
| Pioneer NF Forgings India Private Limited | ₹18.29 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Maraimalainagar, Tamil Nadu, India |
| Panshil Electro Private Limited | ₹18.28 Cr (FY 2016) | •••• | •••• | 43.0% | •••• | New Delhi, Delhi, India |
| Supreme Rolls and Shears Private Limited | ₹18.21 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Madhya Pradesh, India |
| Bumper (India) Pvt Ltd | ₹18.15 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Thana, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Topflite Components by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Topflite Components Private Limited
Topflite Components Private Limited is audited by PERUMAL AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PERUMAL AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Topflite Components Private Limited
Topflite Components has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jonathan Gregory Falco | Director | 05 Dec 2014 | 11 Years 10 Months | Current |
| Bruce Edward Price | Director | 05 Dec 2014 | 11 Years 10 Months | Current |
| Rachin Bhasi Also directs: Sree Nila Aerospace Private Limited | Managing Director | 23 Sep 2014 | 12 Years 0 Months | Current |
Ownership and Shareholding of Topflite Components Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Topflite Components Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jan 2024 | Others | ₹56.15 Lakh | Open |
| 25 Aug 2023 | Others | ₹55.93 Lakh | Open |
| 27 Jul 2023 | Others | ₹40.71 Lakh | Open |
| 24 Mar 2023 | Others | ₹27.65 Lakh | Open |
| 09 Feb 2023 | Others | ₹62.7 Lakh | Open |
Total charge records: 15 View all charges
Employees and EPFO Compliance at Topflite Components Private Limited
Topflite Components Private Limited has a workforce of 89 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Topflite Components Private Limited
Topflite Components Private Limited has 5 board changes on record since 2014: 4 appointments and 1 cessation. The latest: Bruce Edward Price was appointed as Director on 05 Dec 2014.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Topflite Components Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Topflite Components Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Topflite Components Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Topflite Components Private Limited
Topflite Components has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCG7501E1ZR | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Topflite Components Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Topflite Components Private Limited
Topflite Components is an active private limited company based in Mysore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 23 September 2014 (12+ years old) and is registered under CIN U29253KA2014PTC076545.
Topflite Components reported revenue of ₹18.35 Cr for FY 2024 (up 58% YoY).
Topflite Components has 3 current directors:
- Rachin Bhasi - Managing Director
- Jonathan Gregory Falco - Director
- Bruce Edward Price - Director
Topflite Components reported a net profit of ₹3.99 Cr (net margin 21.7%) and EBITDA of ₹6.66 Cr (EBITDA margin 36.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Topflite Components is 36% over three years and 16% over five years. In the latest year (FY 2024) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Topflite Components is 29AAFCG7501E1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Topflite Components is U29253KA2014PTC076545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topflite Components was incorporated on 23 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Topflite Components by revenue are Raju Engineering Works Private Limited, Hi-Speed Drilling Solutions India Private Limited, Jaimatadi Machinery Private Limited, P. R. Fasteners Private Limited, Poona Pressings Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Bruce Edward Price was appointed as Director on 05 Dec 2014. Jonathan Gregory Falco was appointed as Director on 05 Dec 2014. Sreesha ceased to be Director on 05 Dec 2014. Topflite Components has 5 board changes on record in total.
Topflite Components can be reached through the website topflitecomponents.com. Its registered office is in Mysore, Karnataka, India.