MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-02-0057368
Adani-Elbit Advanced Systems India Limited - transport and logistics in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹58.32 Cr
▲ 195% YoY
Net profit · FY 2024
₹4.92 Cr
Net margin 8.4%
EBITDA · FY 2024
₹11.97 Cr
EBITDA margin 20.5%
Authorised capital
₹53 Cr
Registered with MCA
Paid-up capital
₹52.05 Cr
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
92
Provident fund records
Directors on board
5
As per MCA filings
About Adani-Elbit Advanced Systems India Limited
Data last updated:
Adani-Elbit Advanced Systems India Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Alpha Design Technologies Private Limited. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 07 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PLC094297. Its GSTIN is 24AAPCA0455K1ZL (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹53 Cr and a paid-up capital of ₹52.05 Cr. It is led by directors including Uri Alon and Karivili Shivappa Ramesh.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Adanihouse 56 Shrimalisocietynavrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.32 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.92 Cr (net margin 8.4%) and EBITDA of ₹11.97 Cr (EBITDA margin 20.5%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
The company has about 92 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed by the company. The company has 6 deals on record (4 rights issues, 2 secondary share transfers); the latest was in May 2021. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 40 overdue payments to 7 micro and small suppliers.
Adani-Elbit Advanced Systems India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0057368). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
CIN U74999GJ2016PLC094297
Registration Number 094297
Incorporation Date 07 November 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Alpha Design Technologies Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-02-0057368
Key People
Uri Alon Director Karivili Shivappa Ramesh Director Swapnil Jatinkumar Jalundhwala Director Recognitions & Rankings of Adani-Elbit Advanced Systems India
Contact details
Adani-Elbit Advanced Systems India Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdanihouse 56 Shrimalisocietynavrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Adani-Elbit Advanced Systems India Limited, buy the company report.
Comprehensive company report
Adani-Elbit Advanced Systems India 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 Adani-Elbit Advanced Systems India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Adani-Elbit Advanced Systems India Limited, buy the company report.
Financials of Adani-Elbit Advanced Systems India Limited
FY 2025 filings availableAdani-Elbit Advanced Systems India Limited reported revenue of ₹58.32 Cr (up 195% YoY) for FY 2024.
Revenue · FY 2024
₹58.32 Cr ▲ 195%
Net profit · FY 2024
₹4.92 Cr margin 8.4%
EBITDA · FY 2024
₹11.97 Cr margin 20.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 195%
3 years · compounded
▲ 82%
EBITDA CAGR growth
1 year
▲ 180%
3 years · compounded
▲ 68%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 195% growth in the latest year. EBITDA rose 180% 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 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.92 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.5% | ||||
| Net Profit Margin | 8.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Adani-Elbit Advanced Systems India Limited, buy the company report.
Board of directors of Adani-Elbit Advanced Systems India Limited
Adani-Elbit Advanced Systems India has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uri Alon Also directs: Atharva Advanced Systems and Technologies Limited | Director | 26 Dec 2021 | 4 Years 10 Months | Current |
| Karivili Shivappa Ramesh Also directs: Alpha Aeroserv Defence Private Limited | Director | 08 Feb 2025 | 1 Years 9 Months | Current |
| Swapnil Jatinkumar Jalundhwala | Director | 30 Aug 2021 | 5 Years 2 Months | Current |
| Shai Israel Cohen | Director | 10 May 2022 | 4 Years 6 Months | Current |
| Hebbani Srinivasa Murthy Achar Hariprasad | Director | 08 Jul 2025 | 1 Years 4 Months | Current |
Auditor
Adani-Elbit Advanced Systems India Limited is audited by B.P.Rao & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.P.Rao & Co. | FY 2022 | 003116S |
Shareholding
The shareholding of Adani-Elbit Advanced Systems India 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 Adani-Elbit Advanced Systems India Limited, buy the company report.
Deals & funding
Adani-Elbit Advanced Systems India Limited has 6 deals on record (4 rights issues, 2 secondary share transfers); the latest was in May 2021.
Total deals
6
Rights issues
4
Secondary share transfers
2
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Rights issue | ₹12.99 Cr | Investors: Elbit Systems Limited, Alpha Design Technologies Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Alpha Design Technologies Private Limited Seller: Adani Enterprises Limited |
| Aug 2020 | Rights issue | ₹6.04 Cr | Investors: Elbit Systems Limited, Adani Enterprises Limited |
| Jun 2019 | Rights issue | ₹4 Cr | Investors: Adani Enterprises Limited |
| Jul 2017 | Rights issue | ₹29.02 Cr | Investors: Adani Enterprises Limited , Elbit System Land Limited |
To see the full deal history of Adani-Elbit Advanced Systems India 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
Adani-Elbit Advanced Systems India Limited has 1 court case on record: 1 filed by Adani-Elbit Advanced Systems India. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed by the company against Union of India | Disposed |
To see the full case history of Adani-Elbit Advanced Systems India 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
Adani-Elbit Advanced Systems India Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 40 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Emerald Enterprises | |||
| Divyanshi Aviation Services Private Limited | |||
| Blue Fence Systems Private Limited | |||
| Cim Technologies | |||
| Tirven Industries Private Limited |
To see the full MSME payment records of Adani-Elbit Advanced Systems India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adani-Elbit Advanced Systems India Limited has a workforce of 92 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
92
Active EPFO establishments
1
Employee growth
-4.2%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 92 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Adani-Elbit Advanced Systems India Limited, buy the company report.
GST
Adani-Elbit Advanced Systems India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCA0455K1ZL | Gujarat | Active | 24 Nov 2017 |
| 36AAPCA0455K1ZG | Telangana | Active | 11 Jun 2018 |
To see the full GST registrations and return filing status of Adani-Elbit Advanced Systems India Limited, buy the company report.
Recent activity
Adani-Elbit Advanced Systems India Limited has 20 board changes on record since 2017: 5 appointments and 15 cessations. The latest: Hebbani Srinivasa Murthy Achar Hariprasad ceased to be Additional Director on 09 Sep 2025.
AGM
Adani-Elbit Advanced Systems India Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Ceased
Hebbani Srinivasa Murthy Achar Hariprasad ceased to be Additional Director.
Ceased
Karivili Shivappa Ramesh ceased to be Additional Director.
Appointed
Hebbani Srinivasa Murthy Achar Hariprasad was appointed as Director.
Filing
Adani-Elbit Advanced Systems India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Karivili Shivappa Ramesh was appointed as Director.
Ceased
Shai Israel Cohen ceased to be Additional Director.
Ceased
Uri Alon ceased to be Additional Director.
Appointed
Shai Israel Cohen was appointed as Director.
Appointed
Uri Alon was appointed as Director.
Ceased
Zachi Hadad ceased to be Director.
Ceased
Holenarsipur Srikantiah Shankar ceased to be Additional Director.
11 earlier events are in the company report.
News
Frequently asked questions
Adani-Elbit Advanced Systems India is an active public limited company based in Ahmedabad, Gujarat, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 07 November 2016 (10+ years old) and is registered under CIN U74999GJ2016PLC094297.
Adani-Elbit Advanced Systems India has 5 current directors:
- Uri Alon - Director
- Karivili Shivappa Ramesh - Director
- Swapnil Jatinkumar Jalundhwala - Director
- Shai Israel Cohen - Director
- Hebbani Srinivasa Murthy Achar Hariprasad - Director
The latest financial statements of Adani-Elbit Advanced Systems India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Adani-Elbit Advanced Systems India is 24AAPCA0455K1ZL, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAPCA0455K1ZG (Telangana).
The CIN (Corporate Identification Number) of Adani-Elbit Advanced Systems India is U74999GJ2016PLC094297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani-Elbit Advanced Systems India has 1 court case on record: 1 filed by the company.
Adani-Elbit Advanced Systems India was incorporated on 07 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani-Elbit Advanced Systems India has 6 deals on record (4 rights issues, 2 secondary share transfers); the latest was in May 2021.
Hebbani Srinivasa Murthy Achar Hariprasad ceased to be Additional Director on 09 Sep 2025. Karivili Shivappa Ramesh ceased to be Additional Director on 09 Sep 2025. Hebbani Srinivasa Murthy Achar Hariprasad was appointed as Director on 08 Jul 2025. Adani-Elbit Advanced Systems India has 20 board changes on record in total.
Yes, Adani-Elbit Advanced Systems India is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0057368).
Adani-Elbit Advanced Systems India has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 40 overdue payments to 7 micro and small suppliers. The latest return was filed on 13 Sep 2023.
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