About Watertec (India) Private Limited
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Watertec (India) Private Limited is a private limited company based in Palladam, Tamil Nadu, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 19 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U45301TZ1995PTC006237. Its GSTIN is 03AAACW1645G1ZP (Punjab). The company holds 20 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹18.04 Cr. It was formerly known as Watertec Systems India Private Limited. It is led by directors including Mathew Job (Whole-Time Director) and Sandeep Ramesh Kagzi.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Palladam, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹567.62 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹101.13 Cr (net margin 17.8%) and EBITDA of ₹156.23 Cr (EBITDA margin 27.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 1,001 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Watertec. As per MCA filings, the company has open charges of ₹75 Cr and satisfied charges of ₹37.23 Cr on record. Court records list 26 cases involving the company, including 11 filed by the company and 15 filed against it; 11 cases are pending. The company has 16 deals on record (14 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7 Cr; the latest was in October 2024. Its 5 peer companies in the Manufacturing industry (Fittings, Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 1 smaller; the largest is Avon Plastic Industries Private Limited with revenue of ₹603.49 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 84 overdue payments to 25 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website watertecindia.com.
Company details
Contact details
Watertec (India) Private Limited's registered office is in Palladam, Tamil Nadu. Its website is watertecindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10/60C Sengoda Goundan Pudur, Muthu Goundan Pudur Post Sulur Road, Palladam, Tamil Nadu, India – 641402
- IndustryManufacturing, Pipe & Tubes, Fittings & Components
To see the full contact details of Watertec (India) 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
Watertec (India) operates one associated brand: Watertec. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of fittings, accessories, and sanitary ware products | watertecindia.com |
Business activity
The main business activity of Watertec (India) 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 Watertec (India) Private Limited, buy the company report.
Financials of Watertec (India) Private Limited
FY 2025 filings availableWatertec (India) Private Limited reported revenue of ₹567.62 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 19% growth in the latest year. EBITDA rose 87% 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 |
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| EBITDA | ₹156.23 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹101.13 Cr | ||||
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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 | 27.5% | ||||
| Net Profit Margin | 17.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Watertec (India) Private Limited, buy the company report.
Board of directors of Watertec (India) Private Limited
Watertec (India) has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mathew Job | Whole-Time Director | 03 Jul 2023 | 3 Years 3 Months | Current |
| Sandeep Ramesh Kagzi Also directs: Ebco Private Limited, Warburg Pincus India Private Limited, Indiafirst Life Insurance Company Limited and 1 more | Director | 22 Jun 2023 | 3 Years 4 Months | Current |
| Anish Kumar Saraf Also directs: Nna Cre Properties LLP, Kalyan Jewellers India Limited, Parksons Packaging Limited and 4 more | Director | 22 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Watertec (India) Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Fittings, Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avon Plastic Industries Private Limited | ₹603.49 Cr (FY 2025) | -3.0% | Bangalore, Karnataka, India | |||
| Dormakaba India Private Limited | ₹593.5 Cr (FY 2024) | 9.0% | Chennai, Tamil Nadu, India | |||
| Mayraj Pipes & Products Private Limited | ₹584.29 Cr (FY 2025) | 265.0% | Indore, Madhya Pradesh, India | |||
| Kisan Irrigations and Infrastructure Limited | ₹574.27 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India | |||
| Watertec (India) Private Limitedthis company | ₹567.62 Cr (FY 2025) | ₹101.13 Cr | 17.8% | 19.0% | 1,001 | Palladam, Tamil Nadu, India |
| Sangir Plastics Pvt Ltd | ₹519.33 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Watertec (India) Private Limited, buy the company report.
Auditor
Watertec (India) Private Limited is audited by C S K PRABHU & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C S K PRABHU & CO | FY 2022 | 002485S |
Shareholding
The shareholding of Watertec (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Watertec (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2025 | 101116578 | Others | ₹15 Cr | Open | |
| 22 Nov 2020 | 100395273 | Others | ₹15 Cr | Open | |
| 27 Jun 2018 | 100197086 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 30 Mar 2015 | 10576802 | Citi Bank N.A. | ₹35 Cr | Open | |
| 16 Aug 2018 | 100201659 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Watertec (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Watertec (India) Private Limited has 16 deals on record (14 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7 Cr; the latest was in October 2024.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: Warburg Pincus, Fern Lily Investments B.V. Seller: G.Plast Private Limited , 3 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: G.Plast Private Limited |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: G.Plast Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: G.Plast Private Limited |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: G.Plast Private Limited |
To see the full deal history of Watertec (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Watertec (India) Private Limited has 26 court cases on record: 11 filed by Watertec (India), 15 filed against it. 11 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 9 | 6 |
| High courts | 9 | 6 | 5 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Civil suit | Filed against the company by M/S Prabhat Sanitaryware Pvt. Ltd. | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by National Insurance Co. Ltd | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by National Insurance Co. Ltd | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by National Insurance Co. Ltd | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Watertec (India) 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.
Credit ratings & regulatory alerts
Watertec (India) Private Limited was last rated by Crisil on 26 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Jul 2021 |
To see the full credit ratings and regulatory alerts of Watertec (India) Private Limited, buy the company report.
MSME payment delays
Watertec (India) Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 84 overdue payments to 25 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 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pioneer Print and Packaging | |||
| Sudhan Graphics | |||
| an individual supplier | |||
| Multiple Special Steel Private Limited |
To see the full MSME payment records of Watertec (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Watertec (India) Private Limited has a workforce of 1,001 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Watertec (India) has 20 GST registrations: 18 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACW1645G1ZP | Punjab | Active | 01 Jul 2017 |
| 09AAACW1645G1ZD | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AAACW1645G1ZU | Bihar | Active | 01 Jul 2017 |
| 18AAACW1645G1ZE | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Watertec (India) Private Limited, buy the company report.
Recent activity
Watertec (India) Private Limited has 15 board changes on record since 2007: 3 appointments and 12 cessations. The latest: Ramesh Baliga Bantwal ceased to be Whole-Time Director on 17 Jun 2024.
21 earlier events are in the company report.
News
Frequently asked questions
Watertec (India) is an active private limited company based in Palladam, Tamil Nadu, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 19 June 1995 (31+ years old) and is registered under CIN U45301TZ1995PTC006237.
Watertec (India) has 3 current directors:
- Mathew Job - Whole-Time Director
- Sandeep Ramesh Kagzi - Director
- Anish Kumar Saraf - Director
The latest financial statements of Watertec (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Watertec (India) is 03AAACW1645G1ZP, registered in Punjab. The company has 20 GST registrations in all, of which 18 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAACW1645G1ZD (Uttar Pradesh), 10AAACW1645G1ZU (Bihar), 18AAACW1645G1ZE (Assam).
The CIN (Corporate Identification Number) of Watertec (India) is U45301TZ1995PTC006237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Watertec (India) has 26 court cases on record: 11 filed by the company and 15 filed against it. 11 are pending. Most are in the district courts.
Watertec (India) was incorporated on 19 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Coimbatore.
Watertec (India) has 16 deals on record (14 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7 Cr; the latest was in October 2024.
The peers of Watertec (India) by revenue are Avon Plastic Industries Private Limited, Dormakaba India Private Limited, Mayraj Pipes & Products Private Limited, Kisan Irrigations and Infrastructure Limited, Sangir Plastics Pvt Ltd, all in the Manufacturing industry (Fittings, Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ramesh Baliga Bantwal ceased to be Whole-Time Director on 17 Jun 2024. Mathew Job ceased to be Additional Director on 10 Aug 2023. Mathew Job was appointed as Whole-Time Director on 03 Jul 2023. Watertec (India) has 15 board changes on record in total.
Watertec (India) has 7 MSME Form 1 returns on record between 2019 and 2023, listing 84 overdue payments to 25 micro and small suppliers. The latest return was filed on 28 Apr 2023.
Watertec (India) can be reached through the website watertecindia.com. Its registered office is in Palladam, Tamil Nadu, India.