About Ulma Formwork Systems India Private Limited
Data last updated:
Ulma Formwork Systems India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ulma Cyes Co -Op. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 23 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2009PTC258464. Its GSTIN is 27AABCU0733G1ZL (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹26.5 Cr and a paid-up capital of ₹12.12 Cr. It is led by directors including Surajit Ray and Susmita Ray.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No. 203/204 Eco House Vishweshwar Nagar Off Aarey Raod Goregoan (E), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.83 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹1.65 Cr (net margin -11.2%) and EBITDA of -₹80.7 Lakh (EBITDA margin -5.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 2% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ULMA. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is 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 ulmaconstruction.com.
CIN History of Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India has one previous CIN (Corporate Identification Number): U74120DL2009PTC188710. The current CIN is U74120MH2009PTC258464, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74120MH2009PTC258464 | Current |
| U74120DL2009PTC188710 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 203/204 Eco House Vishweshwar Nagar Off Aarey Raod Goregoan (E), Mumbai, Maharashtra, India – 400063
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
- 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
Associated Brands with Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India operates one associated brand: ULMA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Formwork, shoring, and scaffolding systems are manufactured and supplied. | ulmaconstruction.com |
Business Activity of Ulma Formwork Systems India Private Limited
The main business activity of Ulma Formwork Systems India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | 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 Ulma Formwork Systems India Private Limited FY 2024 filings available
Ulma Formwork Systems India Private Limited reported revenue of ₹14.83 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ulma Formwork Systems India Private Limited
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 76% 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 Ulma Formwork Systems India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹80.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.65 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 Ulma Formwork Systems India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -11.2% | •••• | •••• | •••• | •••• |
| 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 Ulma Formwork Systems India 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.
Board of Directors of Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surajit Ray | Director | 23 Mar 2009 | 17 Years 6 Months | Current |
| Susmita Ray | Director | 23 Mar 2009 | 17 Years 6 Months | Current |
| Maria Lourdes Urcelay Ugarte | Director | 08 Jan 2015 | 11 Years 9 Months | Current |
| Aitor Ayastuy Ayastuy | Director | 31 Jan 2011 | 15 Years 8 Months | Current |
Peer Comparison of Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Startubes Tradex Private Limited | ₹14.96 Cr (FY 2023) | •••• | •••• | 15.0% | •••• | Secunderabad, Telangana, India |
| Incom Power Private Limited | ₹14.91 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Delhi, India |
| Wim Plast Moldetipo Private Limited | ₹14.88 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Mumbai, Maharashtra, India |
| Alfa Hoses & Hydraulics Private Limited | ₹14.85 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Vadodara, Gujarat, India |
| Konzept Energy Services India Private Limited | ₹14.84 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Chennai, Tamil Nadu, India |
| Ulma Formwork Systems India Private Limited this company | ₹14.83 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| R R Fluid Engineering Private Limited | ₹14.72 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | New Delhi, Delhi, India |
| Abhis Global Electromech Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Maxenergy Equipments Private Limited | ₹14.67 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Pune, Maharashtra, India |
| Laxmi Krupa Abrasivess Private Limited | ₹14.66 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Hosur, Tamil Nadu, India |
| Amt Enviraclean Technologies Private Limited | ₹14.64 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ulma Formwork Systems India by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution), 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 Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India Private Limited is audited by GOHEL & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOHEL & ASSOCIATES LLP | 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.
Ownership and Shareholding of Ulma Formwork Systems India 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 Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India Private Limited has 4 court cases on record: 4 filed by Ulma Formwork Systems India. 1 case is pending and 3 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 2 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Projects Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Sri Satyam Ispat Industries India Private Limited | Disposed |
| Calcutta High Court | Arbitration matter | Filed by the company against Bil Infratech Limited | Disposed |
| Calcutta High Court | Arbitration matter | Filed by the company against Bill Infratech Limited | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India Private Limited has a workforce of 16 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 Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India Private Limited has 8 board changes on record since 2009: 4 appointments and 4 cessations. The latest: Maria Lourdes Urcelay Ugarte ceased to be Additional Director on 25 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Ulma Formwork Systems India 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 Ulma Formwork Systems India 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
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Subsidiaries & Group Companies of Ulma Formwork Systems India 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 Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU0733G1ZL | Maharashtra | 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 Ulma Formwork Systems India 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.
Related news about Ulma Formwork Systems India Private Limited
Frequently Asked Questions about Ulma Formwork Systems India Private Limited
Ulma Formwork Systems India is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 23 March 2009 (17+ years old) and is registered under CIN U74120MH2009PTC258464.
Ulma Formwork Systems India reported revenue of ₹14.83 Cr for FY 2025 (down 15% YoY).
Ulma Formwork Systems India has 4 current directors:
- Surajit Ray - Director
- Susmita Ray - Director
- Maria Lourdes Urcelay Ugarte - Director
- Aitor Ayastuy Ayastuy - Director
Ulma Formwork Systems India reported a net loss of ₹1.65 Cr (net margin -11.2%) and EBITDA of -₹80.7 Lakh (EBITDA margin -5.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ulma Formwork Systems India is -13% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ulma Formwork Systems India is 27AABCU0733G1ZL, registered in Maharashtra. 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 Ulma Formwork Systems India is U74120MH2009PTC258464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ulma Formwork Systems India has 4 court cases on record: 4 filed by the company. 1 is pending. Most are in the high courts.
Ulma Formwork Systems India was incorporated on 23 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ulma Formwork Systems India by revenue are Startubes Tradex Private Limited, Incom Power Private Limited, Wim Plast Moldetipo Private Limited, Alfa Hoses & Hydraulics Private Limited, Konzept Energy Services India Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Retail and Distribution).
Maria Lourdes Urcelay Ugarte ceased to be Additional Director on 25 Sep 2015. Inaki Olalde Galdos ceased to be Director on 24 Jun 2015. Surendra Janardan Tawde ceased to be Director on 24 Jun 2015. Ulma Formwork Systems India has 8 board changes on record in total.