About Tycon Elevators Private Limited
Data last updated:
Tycon Elevators Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29150KA2013PTC068936. Its GSTIN is 29AAECT6172B1ZC (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Subhashchandra Srinivas Reddy (Managing Director) and Savitha Venkataswamy Reddy.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No 1085 23rd Main 24th Cross 2nd Sector H S R Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.47 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹6.44 Lakh (net margin 2.6%) and EBITDA of ₹8.56 Lakh (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tycon-elevators.business.site.
- EmailLocked
- TelephoneLocked
- Social MediaLocked
- Registered AddressNo 1085 23rd Main 24th Cross 2nd Sector H S R Layout, Bangalore, Karnataka, India – 560102
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Tycon Elevators Private Limited
The main business activity of Tycon Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Tycon Elevators Private Limited FY 2019 filings available
Tycon Elevators Private Limited reported revenue of ₹2.47 Cr (up 56% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Tycon Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 61% over three years, including 56% growth in the latest year. EBITDA rose 18% 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 Tycon Elevators Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.47 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8.56 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.44 Lakh | •••• | •••• | •••• | •••• |
| 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 Tycon Elevators Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 Tycon Elevators 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 Tycon Elevators Private Limited
Tycon Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| United Elevators Pvt Ltd | ₹2.49 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Calcutta-1, West Bengal, India |
| Raghavendar Tech Excellence Private Limited | ₹2.49 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Indore, Madhya Pradesh, India |
| Baka Liftec (India) Private Limited | ₹2.48 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Jaysons Machinery and Equipments Pvt Ltd | ₹2.48 Cr (FY 2025) | •••• | •••• | 94.0% | •••• | Ambarnath, Maharashtra, India |
| Shuttlesky Lifts Private Limited | ₹2.48 Cr (FY 2025) | •••• | •••• | 190.0% | •••• | Delhi, India |
| Tycon Elevators Private Limited this company | ₹2.47 Cr (FY 2019) | •••• | •••• | 56.0% | •••• | Bangalore, Karnataka, India |
| Qube Elevators Private Limited | ₹2.46 Cr (FY 2019) | •••• | •••• | 325.0% | •••• | Ambattur, Tamil Nadu, India |
| Aldous Commodities Pvt. Ltd. | ₹2.45 Cr (FY 2024) | •••• | •••• | -53.0% | •••• | Kolkata, West Bengal, India |
| Suryodaya Elevators Private Limited | ₹2.41 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Levage Engineering Private Limited | ₹2.4 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Kodungallur, Kerala, India |
| Nakshatra Multilink Private Limited | ₹2.38 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Anajr, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Tycon Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 Tycon Elevators Private Limited
Auditor information for Tycon Elevators Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Tycon Elevators Private Limited
Tycon Elevators has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savitha Venkataswamy Reddy | Director | 06 May 2013 | 13 Years 5 Months | Current |
| Karanakara Reddy Srinivasa Reddy | Director | 25 Jan 2019 | 7 Years 8 Months | Current |
| Subhashchandra Srinivas Reddy | Managing Director | 06 May 2013 | 13 Years 5 Months | Current |
Ownership and Shareholding of Tycon Elevators 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 Tycon Elevators Private Limited
Tycon Elevators Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Tycon Elevators Private Limited
Tycon Elevators Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 03 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Poonawala Finance Private Limited | Disposed |
Full case history
All 2 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 Tycon Elevators Private Limited
Tycon Elevators Private Limited has a workforce of 6 employees as of Apr 06, 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 Tycon Elevators Private Limited
Tycon Elevators Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Karanakara Reddy Srinivasa Reddy ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Tycon Elevators 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 Tycon Elevators 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 Tycon Elevators 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 Tycon Elevators Private Limited
Tycon Elevators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECT6172B1ZC | 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 Tycon Elevators 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 Tycon Elevators Private Limited
Tycon Elevators is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 May 2013 (13+ years old) and is registered under CIN U29150KA2013PTC068936.
Tycon Elevators reported revenue of ₹2.47 Cr for FY 2019 (up 56% YoY).
Tycon Elevators has 3 current directors:
- Subhashchandra Srinivas Reddy - Managing Director
- Savitha Venkataswamy Reddy - Director
- Karanakara Reddy Srinivasa Reddy - Director
Tycon Elevators reported a net profit of ₹6.44 Lakh (net margin 2.6%) and EBITDA of ₹8.56 Lakh (EBITDA margin 3.5%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Tycon Elevators is 61% over three years. In the latest year (FY 2019) revenue rose 56%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Tycon Elevators is 29AAECT6172B1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Tycon Elevators is U29150KA2013PTC068936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tycon Elevators has 2 court cases on record: 2 filed against it.
Tycon Elevators was incorporated on 06 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Tycon Elevators by revenue are United Elevators Pvt Ltd, Raghavendar Tech Excellence Private Limited, Baka Liftec (India) Private Limited, Jaysons Machinery and Equipments Pvt Ltd, Shuttlesky Lifts Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Karanakara Reddy Srinivasa Reddy ceased to be Additional Director on 30 Sep 2019. Karanakara Reddy Srinivasa Reddy was appointed as Director on 25 Jan 2019. Subhashchandra Srinivas Reddy ceased to be Company Secretary on 16 Jun 2018. Tycon Elevators has 5 board changes on record in total.