MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0145714
Elest Private Limited - automotive in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹74.85 Cr
▲ 108% YoY
Net profit · FY 2024
₹52 Cr
Net margin 69.5%
EBITDA · FY 2024
₹65.35 Cr
EBITDA margin 87.3%
Authorised capital
₹175 Cr
Registered with MCA
Paid-up capital
₹53.48 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Elest Private Limited
Data last updated:
Elest Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 26 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA2020PTC140253. Its GSTIN is 29AAGCE1630B1Z4 (Karnataka).
The company has an authorised share capital of ₹175 Cr and a paid-up capital of ₹53.48 Cr. It is led by directors Rajesh Jaswanth Rai Mehta and Vijaya Lakshmi.
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 No.1 Brunton Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.85 Cr, a growth of 108% compared to the previous year. For the same year it recorded a net profit of ₹52 Cr (net margin 69.5%) and EBITDA of ₹65.35 Cr (EBITDA margin 87.3%). Revenue has grown at a compounded annual rate (CAGR) of 312% over three years.
Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 5 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹760.19 Cr; the latest was in February 2022.
Elest Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0145714). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elest.in.
Company details
CIN U31909KA2020PTC140253
Registration Number 140253
Incorporation Date 26 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0145714
Recognitions & Rankings of Elest
Contact details
Elest Private Limited's registered office is in Bangalore, Karnataka. Its website is elest.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.1 Brunton Road, Bangalore, Karnataka, India – 560025
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Elest Private Limited, buy the company report.
Comprehensive company report
Elest Private 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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Business activity
The main business activity of Elest is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
To see the full business activity and turnover split of Elest Private Limited, buy the company report.
Financials of Elest Private Limited
FY 2024 filings availableElest Private Limited reported revenue of ₹74.85 Cr (up 108% YoY) for FY 2024.
Revenue · FY 2024
₹74.85 Cr ▲ 108%
Net profit · FY 2024
₹52 Cr margin 69.5%
EBITDA · FY 2024
₹65.35 Cr margin 87.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 108%
3 years · compounded
▲ 312%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 491%
Revenue has grown at a compounded annual rate (CAGR) of 312% over three years, including 108% growth in the latest year. EBITDA rose 107% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹74.85 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹65.35 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹52 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 87.3% | |||
| Net Profit Margin | 69.5% | |||
| 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 | ||||
To see the full financial statements and ratios of Elest Private Limited, buy the company report.
Board of directors of Elest Private Limited
Elest has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Jaswanth Rai Mehta Also directs: Rajesh Exports Limited, Acc Energy Storage Private Limited | Director | 26 Oct 2020 | 6 Years 0 Months | Current |
| Vijaya Lakshmi | Director | 10 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Elest Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2024 | 012754N |
Shareholding
The shareholding of Elest Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Elest Private Limited, buy the company report.
Deals & funding
Elest Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹760.19 Cr; the latest was in February 2022.
Total deals
4
Funding rounds
4
Disclosed funding
₹760.19 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹140.2 Cr | Investors: Aviator Emerging Market Fund (Public Market Fund), Knightsbridge Limited |
| Nov 2021 | Funding round | ₹270 Cr | Investors: Geraldton Finance Limited |
| Jul 2021 | Funding round | ₹200 Cr | Investors: Rajesh Exports Limited |
| Apr 2021 | Funding round | ₹149.99 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elest Private Limited has 5 court cases on record: 1 filed by Elest, 4 filed against it. All cases are pending.
Total cases
5
Filed by the company
1
Filed against the company
4
Pending
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 4 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S Analytical Technologies Ltd Director and Authority Holder Mrs Patnam Raja Rajeshwari | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by M/S Mestis Energy Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Mestis Energy Pvt Ltd | Pending |
| District court, DHARWAD, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, DHARWAD, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Elest 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
No delayed payments to MSME suppliers are on our record for Elest Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elest Private Limited has 1 active EPFO establishment as of Oct 10, 2025.
Active EPFO establishments
1
GST
Elest has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCE1630B1Z4 | Karnataka | Active | 18 Nov 2020 |
To see the full GST registrations and return filing status of Elest Private Limited, buy the company report.
Recent activity
Elest Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Prashant Mehta ceased to be Director on 30 Mar 2024.
AGM
Elest Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Elest Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Prashant Mehta ceased to be Director.
Appointed
Vijaya Lakshmi was appointed as Director.
Appointed
Prashant Mehta was appointed as Director.
Appointed
Rajesh Jaswanth Rai Mehta was appointed as Director.
Incorporation
26 Oct 2020
Elest Private Limited was registered on 26 Oct 2020 with Roc Bangalore & aged 6 years 8 days as per MCA records.
Frequently asked questions
Elest is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 26 October 2020 (6+ years old) and is registered under CIN U31909KA2020PTC140253.
Elest has 2 current directors:
- Rajesh Jaswanth Rai Mehta - Director
- Vijaya Lakshmi - Director
The latest financial statements of Elest on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Elest is 29AAGCE1630B1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Elest is U31909KA2020PTC140253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elest has 5 court cases on record: 1 filed by the company and 4 filed against it. 5 are pending. Most are in the district courts.
Elest was incorporated on 26 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Elest has 4 deals on record (4 funding rounds), with disclosed funding of ₹760.19 Cr; the latest was in February 2022.
Prashant Mehta ceased to be Director on 30 Mar 2024. Vijaya Lakshmi was appointed as Director on 10 Feb 2022. Prashant Mehta was appointed as Director on 26 Oct 2020. Elest has 4 board changes on record in total.
Yes, Elest is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0145714).
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