About Valmet Technologies and Services Private Limited
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Valmet Technologies and Services Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Valmet Technologies Oy. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 August 2005.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U29299PN2005PTC021183. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Cr and a paid-up capital of ₹21.25 Cr. It was formerly known as Gl&V India Private Limited. It was led by directors including Petri Olavi Paukkunen and Wuthichai Chongcharoenrungrot.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 302 Global Port Mumbai Bangalore Highway Baner, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2023, the company reported a revenue of ₹146.43 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹50.1 Lakh (net margin 0.3%) and EBITDA of ₹9.72 Cr (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years.
The company had about 134 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Valmet. As per MCA filings, the company had satisfied charges of ₹32.1 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The last known website on record is valmet.com.
Company details
Contact details
Valmet Technologies and Services Private Limited's registered office is in Pune, Maharashtra. Its website is valmet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address302 Global Port Mumbai Bangalore Highway Baner, Pune, Maharashtra, India – 411045
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Valmet Technologies and Services Private Limited, buy the company report.
- 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
Brands
Valmet Technologies and Services operates one associated brand: Valmet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supplier of technologies, automation, and services for the pulp, paper and energy industries. | valmet.com |
Business activity
The main business activities of Valmet Technologies and Services are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and architecture, engineering activities, technical testing and analysis activities. 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 | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Valmet Technologies and Services Private Limited, buy the company report.
Financials of Valmet Technologies and Services Private Limited
FY 2023 filings availableValmet Technologies and Services Private Limited reported revenue of ₹146.43 Cr (up 24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over three years, including 24% growth in the latest year. EBITDA rose 257% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹9.72 Cr | ||||
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| Net Profit (PAT) | ₹50.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Valmet Technologies and Services Private Limited, buy the company report.
Board of directors of Valmet Technologies and Services Private Limited
Valmet Technologies and Services has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Petri Olavi Paukkunen | Director | 24 May 2021 | 5 Years 4 Months | As last reported |
| Wuthichai Chongcharoenrungrot Also directs: Valmet Technologies Private Limited | Director | 19 Sep 2022 | 4 Years 1 Months | As last reported |
| Silvana Franzoni Ereno | Director | 01 Jul 2019 | 7 Years 3 Months | As last reported |
| Santosh Sadashiv Charankar | Director | 01 Mar 2023 | 3 Years 7 Months | As last reported |
Peer comparison
Valmet Technologies and Services Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Energy-Mission Machineries (India) Limited | ₹151.59 Cr (FY 2025) | 19.0% | Sanand, Gujarat, India | |||
| Valmet Technologies and Services Private Limitedthis company | ₹146.43 Cr (FY 2023) | ₹50.1 Lakh | 0.3% | 24.0% | 134 | Pune, Maharashtra, India |
| Voith Paper Technology (India) Private Limited | ₹139.58 Cr (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| Assomac Machines Limited. | ₹137.49 Cr (FY 2025) | 10.0% | Uttar Pradesh, India |
To see the full peer comparison of Valmet Technologies and Services Private Limited, buy the company report.
Auditor
Valmet Technologies and Services Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Valmet Technologies and Services 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 Valmet Technologies and Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2019 | 100272747 | The Hongkong and Shanghai Banking Corporation Limited | ₹32.1 Lakh | Satisfied |
To see the full charge records of Valmet Technologies and Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Valmet Technologies and Services Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Central Excise Pune -I | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by The Commissioner of Central Excise Pune -I | Disposed |
To see the full case history of Valmet Technologies and Services 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
Valmet Technologies and Services Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 987 overdue payments to 29 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 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Perfect Packing Associates | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Valmet Technologies and Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Valmet Technologies and Services Private Limited has a workforce of 134 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Valmet Technologies and Services has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Valmet Technologies and Services Private Limited, buy the company report.
Recent activity
Valmet Technologies and Services Private Limited has 16 board changes on record since 2007: 4 appointments and 12 cessations. The latest: Santosh Sadashiv Charankar ceased to be Additional Director on 28 Sep 2023.
9 earlier events are in the company report.
News
Frequently asked questions
Valmet Technologies and Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Valmet Technologies and Services was a private limited company based in Pune, Maharashtra, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 25 August 2005 and is registered under CIN U29299PN2005PTC021183. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Valmet Technologies and Services was incorporated on 25 August 2005. It is registered with the Registrar of Companies, Pune.
Valmet Technologies and Services had 4 directors:
- Petri Olavi Paukkunen - Director
- Wuthichai Chongcharoenrungrot - Director
- Silvana Franzoni Ereno - Director
- Santosh Sadashiv Charankar - Director
The CIN (Corporate Identification Number) of Valmet Technologies and Services is U29299PN2005PTC021183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Valmet Technologies and Services is at 302 Global Port Mumbai Bangalore Highway Baner, Pune, Maharashtra, India – 411045.
Valmet Technologies and Services can be reached through the website valmet.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Valmet Technologies and Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
No. Valmet Technologies and Services has 3 GST registrations on record and all of them are cancelled or inactive.
Valmet Technologies and Services operated in the machinery and equipment industry, in the process machinery and industrial equipment segment.
The peers of Valmet Technologies and Services by revenue are Energy-Mission Machineries (India) Limited, Voith Paper Technology (India) Private Limited, Assomac Machines Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Valmet Technologies and Services has 12 MSME Form 1 returns on record between 2019 and 2023, listing 987 overdue payments to 29 micro and small suppliers. The latest return was filed on 30 Dec 2023.