MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0059793
Aarav Unmanned Systems Private Limited - transport and logistics in Jakkur, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹27.51 Cr
▼ 51% YoY
Net loss · FY 2025
₹43.1 Cr
Net margin -156.7%
EBITDA · FY 2025
-₹25.2 Cr
EBITDA margin -91.6%
Authorised capital
₹33.57 Cr
Registered with MCA
Paid-up capital
₹33.42 Cr
Issued & subscribed
Open charges
₹27.5 Cr
Satisfied ₹26 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
366
Provident fund records
About Aarav Unmanned Systems Private Limited
Data last updated:
Aarav Unmanned Systems Private Limited is a private limited company based in Jakkur, Karnataka, India. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 26 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35122KA2013PTC141030. Its GSTIN is 29AAMCA0599H1Z8 (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹33.57 Cr and a paid-up capital of ₹33.42 Cr. It is led by directors including Suhas Banshiwala and Vipul Singh.
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.3 Mchs Layout 80 Feet Main Road Jakkur Bangalore, Karnataka, India – 560064.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.51 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹43.1 Cr (net margin -156.7%) and EBITDA of -₹25.2 Cr (EBITDA margin -91.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 60% over five years.
The company has about 366 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Aereo. As per MCA filings, the company has open charges of ₹27.5 Cr and satisfied charges of ₹26 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 14 deals on record (7 secondary share transfers, 5 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹169.92 Cr; the latest was in June 2024. Its 9 peer companies in the same principal business activity (scientific research and development) are compared by revenue, 5 larger and 4 smaller; the largest is Advity Research Private Limited with revenue of ₹28.98 Cr. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 106 overdue payments to 19 micro and small suppliers.
Aarav Unmanned Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0059793). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aus.co.in.
Company details
CIN U35122KA2013PTC141030
Registration Number 141030
Incorporation Date 26 September 2013
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 Medium
Udyam Registration UDYAM-KR-03-0059793
CIN history
Aarav Unmanned Systems has one previous CIN (Corporate Identification Number): U35122UP2013PTC059774. The current CIN is U35122KA2013PTC141030, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35122KA2013PTC141030 | Current |
| U35122UP2013PTC059774 | Previous |
Recognitions & Rankings of Aarav Unmanned Systems
Contact details
Aarav Unmanned Systems Private Limited's registered office is in Jakkur, Karnataka. Its website is aus.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.3 Mchs Layout 80 Feet Main Road Jakkur Bangalore, Karnataka, India – 560064
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Aarav Unmanned Systems Private Limited, buy the company report.
Comprehensive company report
Aarav Unmanned Systems 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 Aarav Unmanned Systems is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Aarav Unmanned Systems Private Limited, buy the company report.
Financials of Aarav Unmanned Systems Private Limited
FY 2024 filings availableAarav Unmanned Systems Private Limited reported revenue of ₹27.51 Cr (down 51% YoY) for FY 2025.
Revenue · FY 2025
₹27.51 Cr ▼ 51%
Net loss · FY 2025
₹43.1 Cr margin -156.7%
EBITDA · FY 2025
-₹25.2 Cr margin -91.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 51%
3 years · compounded
▲ 22%
5 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▼ 749%
3 years · compounded
▼ 126%
5 years · compounded
▼ 98%
Revenue fell 51% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA fell 749% 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 | -₹25.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹43.1 Cr | ||||
| Balance Sheet | |||||
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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 | -91.6% | ||||
| Net Profit Margin | -156.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aarav Unmanned Systems Private Limited, buy the company report.
Board of directors and KMP of Aarav Unmanned Systems Private Limited
Aarav Unmanned Systems Private Limited currently reports 4 directors and 1 key managerial person. 4 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Balasaheb Thakur Also directs: Startupxseed Ventures LLP, Goldflock Ventures LLP, Startupxseed Capital Partners LLP and 5 more | Nominee Director | 02 Mar 2016 | 10 Years 7 Months | Current |
| Suhas Banshiwala Also directs: Aereo Manufacturing Private Limited | Director | 26 Sep 2013 | 13 Years 1 Months | Current |
| Vipul Singh Also directs: Aereo Manufacturing Private Limited, Drone Federation India | Director | 26 Sep 2013 | 13 Years 1 Months | Current |
| Stuti Bhartia Also directs: Jobsforher Restart Portal Private Limited | Nominee Director | 09 Aug 2024 | 2 Years 2 Months | Current |
| Vedvati Rohit Pundlik Also directs: M & M Advisors & Consultants Private Limited | Company Secretary | 07 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Aarav Unmanned Systems Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (scientific research and development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Advity Research Private Limited | ₹28.98 Cr (FY 2025) | 35.0% | Hyderabad, Telangana, India | |||
| Vyoma Technologies Private Limited | ₹28.48 Cr (FY 2024) | 68.0% | Bangalore, Karnataka, India | |||
| Hylasco Bio-Technology (India) Private Limited | ₹28.41 Cr (FY 2025) | -2.0% | Hyderabad, Telangana, India | |||
| Dabur Research Foundation | ₹28.06 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Innoxel Lifesciences Private Limited | ₹27.98 Cr (FY 2025) | 648.0% | Vadodara, Gujarat, India | |||
| Aarav Unmanned Systems Private Limitedthis company | ₹27.51 Cr (FY 2025) | -₹43.1 Cr | -156.7% | -51.0% | 366 | Jakkur, Karnataka, India |
| Comienzo Agri Science Limited | ₹27.5 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Therdose Pharma Private Limited | ₹26.66 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Vedic Lifesciences Private Limited | ₹26.36 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Truuchem Technologies Private Limited | ₹26.21 Cr (FY 2025) | 4404.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Aarav Unmanned Systems Private Limited, buy the company report.
Auditor
Aarav Unmanned Systems Private Limited is audited by MSKA & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2024 | 105047W |
Shareholding
The shareholding of Aarav Unmanned Systems Private Limited is on record for 5 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 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aarav Unmanned Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.5 Cr
Satisfied charges
₹26 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2025 | 101066304 | Others | ₹7.5 Cr | Open | |
| 26 Apr 2022 | 100574130 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 13 Oct 2023 | 100796323 | State Bank of India | ₹20 Cr | Satisfied | |
| 28 Jun 2023 | 100739317 | Others | ₹3 Cr | Satisfied | |
| 31 Aug 2020 | 100374931 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Aarav Unmanned Systems Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Aarav Unmanned Systems Private Limited has 14 deals on record (7 secondary share transfers, 5 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹169.92 Cr; the latest was in June 2024.
Total deals
14
Secondary share transfers
7
Funding rounds
5
Convertible or debt financings
2
Disclosed funding
₹169.92 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Funding round · Series B | ₹120.1 Cr | Investors: 360 ONE (IIFL Asset Management), JSW Ventures, StartupXseed Ventures |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ang Corporate Services Private Limited , 3One4 Capital |
| Jun 2020 | Funding round · Bridge | ₹50.1 Lakh | Investors: StartupXseed Ventures, growX ventures, Ang Corporate Services Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: StartupXseed Ventures, Ang Corporate Services Private Limited , 2 individuals Seller: an individual |
To see the full deal history of Aarav Unmanned Systems 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
Aarav Unmanned Systems Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company by Reglartech Pvt. Ltd Through Sanket Kanwar | Pending |
To see the full case history of Aarav Unmanned Systems 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
Aarav Unmanned Systems Private Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 106 overdue payments to 19 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 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Earthflyer Private Limited | |||
| Syscon Survey and Plan | |||
| an individual supplier | |||
| Floraison India Strategic Consulting Private Limited |
To see the full MSME payment records of Aarav Unmanned Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aarav Unmanned Systems has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Aereo Manufacturing Private Limited | U32909KA2023PTC170714 |
To see the full group structure of Aarav Unmanned Systems Private Limited, buy the company report.
Employees & EPFO
Aarav Unmanned Systems Private Limited has a workforce of 366 employees on its EPFO records as of Jan 25, 2025, across 1 active EPFO establishment.
Employee count
366
Active EPFO establishments
1
Employee growth
-16.06%
GST
Aarav Unmanned Systems has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCA0599H1Z8 | Karnataka | Active | 01 Jul 2017 |
| 29AAMCA0599H2Z7 | Karnataka | Active | 05 Oct 2023 |
To see the full GST registrations and return filing status of Aarav Unmanned Systems Private Limited, buy the company report.
Recent activity
Aarav Unmanned Systems Private Limited has 9 board changes on record since 2013: 5 appointments and 4 cessations. The latest: Karan Ahuja ceased to be Nominee Director on 27 Feb 2025.
Charges
A charge with Others of Rs. 7.50 Cr registered on 27 Feb 2025 with Charge ID 101066304 was modified on 23 Jul 2025.
Charges
A charge registered on 13 Oct 2023 via Charge ID 100796323 with State Bank Of India was fully satisfied on 10 Apr 2025.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 101066304 was registered on 27 Feb 2025.
Ceased
Karan Ahuja ceased to be Nominee Director.
Appointed
Vedvati Rohit Pundlik was appointed as Company Secretary.
AGM
Aarav Unmanned Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Stuti Bhartia was appointed as Nominee Director.
Filing
Aarav Unmanned Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 28 Jun 2023 via Charge ID 100739317 with Others was fully satisfied on 13 Mar 2024.
Charges
A charge with State Bank Of India amounted to Rs. 20.00 Cr with Charge ID 100796323 was registered on 13 Oct 2023.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100739317 was registered on 28 Jun 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 20.00 Cr registered on 26 Apr 2022 with Charge ID 100574130 was modified on 23 Mar 2023.
13 earlier events are in the company report.
News
Frequently asked questions
Aarav Unmanned Systems is an active private limited company based in Jakkur, Karnataka, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 26 September 2013 (13+ years old) and is registered under CIN U35122KA2013PTC141030.
Aarav Unmanned Systems has 5 current directors and KMP:
- Ravi Balasaheb Thakur - Nominee Director
- Suhas Banshiwala - Director
- Vipul Singh - Director
- Stuti Bhartia - Nominee Director
- Vedvati Rohit Pundlik - Company Secretary
The latest financial statements of Aarav Unmanned Systems 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 2015 are in the company report.
The GSTIN of Aarav Unmanned Systems is 29AAMCA0599H1Z8, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAMCA0599H2Z7 (Karnataka).
The CIN (Corporate Identification Number) of Aarav Unmanned Systems is U35122KA2013PTC141030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aarav Unmanned Systems has 1 court case on record: 1 filed against it. 1 is pending.
Aarav Unmanned Systems was incorporated on 26 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Aarav Unmanned Systems has 14 deals on record (7 secondary share transfers, 5 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹169.92 Cr; the latest was in June 2024.
The peers of Aarav Unmanned Systems by revenue are Advity Research Private Limited, Vyoma Technologies Private Limited, Hylasco Bio-Technology (India) Private Limited, Dabur Research Foundation, Innoxel Lifesciences Private Limited and 4 more, all in the same principal business activity (scientific research and development).
Karan Ahuja ceased to be Nominee Director on 27 Feb 2025. Vedvati Rohit Pundlik was appointed as Company Secretary on 07 Feb 2025. Stuti Bhartia was appointed as Nominee Director on 09 Aug 2024. Aarav Unmanned Systems has 9 board changes on record in total.
Yes, Aarav Unmanned Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0059793).
Aarav Unmanned Systems has 10 MSME Form 1 returns on record between 2020 and 2024, listing 106 overdue payments to 19 micro and small suppliers. The latest return was filed on 29 Apr 2024.