Advanced Power Sources Limited

Advanced Power Sources Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74990MH2009PLC195896 Incorporated 18 September 2009 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company energy and power
Data last updated
Revenue · FY 2025
₹12.21 Cr
▲ 14% YoY
Net profit · FY 2025
₹28.24 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹94.22 Lakh
EBITDA margin 7.7%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.62 Cr
Issued & subscribed
Open charges
₹4.2 Cr
Satisfied ₹10 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
30
Provident fund records

About Advanced Power Sources Limited

Data last updated:

Advanced Power Sources Limited is a public limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 September 2009 and has been in existence for over 17 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2009PLC195896. Its GSTIN is 24AAJCA8292L1Z6 (Gujarat). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.62 Cr. It was formerly known as Advanced Power Sources Private Limited. It is led by directors including Ravi Jagannadham Napa (Managing Director) and Sridevi Ravi Napa (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹12.21 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹28.24 Lakh (net margin 2.3%) and EBITDA of ₹94.22 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.

The company has about 30 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: APS Welding. As per MCA filings, the company has open charges of ₹4.2 Cr and satisfied charges of ₹10 Cr on record. Court records list 10 cases involving the company, including 10 filed by the company; 3 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apsl.in.

Company Details of Advanced Power Sources Limited
CIN U74990MH2009PLC195896
Registration Number 195896
Incorporation Date 18 September 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Ravi Jagannadham Napa Managing Director Sridevi Ravi Napa Whole-Time Director Avinash Mallik Napa Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    apsl.in
  • Social Media
    Locked
  • Registered Address
    306 Third Floor Sagar Industrial Estate Ketki Pada Road Near Toll Naka Dahisar, (East), Mumbai, Maharashtra, India – 400068
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for Advanced Power Sources Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Advanced Power Sources Limited

The main business activity of Advanced Power Sources is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Advanced Power Sources Limited FY 2025 filings available

Advanced Power Sources Limited reported revenue of ₹12.21 Cr (up 14% YoY) for FY 2025.

Revenue · FY 2025
₹12.21 Cr ▲ 14%
Net profit · FY 2025
₹28.24 Lakh margin 2.3%
EBITDA · FY 2025
₹94.22 Lakh margin 7.7%

Compounded Annual Growth Rate (CAGR) of Advanced Power Sources Limited

Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 6%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 4%
5 years · compounded
▲ 14%

Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 14% growth in the latest year. EBITDA fell 3% 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 Advanced Power Sources Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹94.22 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹28.24 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 Advanced Power Sources Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin7.7%••••••••••••••••
Net Profit Margin2.3%••••••••••••••••
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 Advanced Power Sources are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Advanced Power Sources Limited

Advanced Power Sources Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Greenday Infotech Private Limited₹12.3 Cr (FY 2025)••••••••75.0%••••Delhi, India
Gridzone Solutions Private Limited₹12.28 Cr (FY 2025)••••••••101.0%••••Lucknow, Uttar Pradesh, India
Veracity Energy and Infrastructure Private Limited₹12.22 Cr (FY 2024)••••••••65.0%••••Ahmedabad, Gujarat, India
Danke Electricals Limited₹12.21 Cr (FY 2016)••••••••-20.0%••••Vadodara, Gujarat, India
Low Loss Products Private Limited₹12.21 Cr (FY 2023)••••••••-15.0%••••Varnama, Gujarat, India
Advanced Power Sources Limited this company₹12.21 Cr (FY 2025)••••••••14.0%••••Mumbai, Maharashtra, India
Jindal Systems Private Limited₹12.19 Cr (FY 2024)••••••••-8.0%••••Dharsiwa, Chhattisgarh, India
Arvi Systems & Controls Private Limited₹12.19 Cr (FY 2024)••••••••7.0%••••Bangalore, Karnataka, India
Prasha Technologies Limited₹12.17 Cr (FY 2025)••••••••-32.0%••••Faridabad, Haryana, India
Tacent Industries Private Limited₹12.1 Cr (FY 2025)••••••••-42.0%••••New Delhi, Delhi, India
Pecon Distributors Pvt Ltd₹12.1 Cr (FY 2024)••••••••-10.0%••••Indore, Madhya Pradesh, India

Peers are the five companies nearest above and the five nearest below Advanced Power Sources by revenue in the Power industry (Power Equipment Manufacturers), 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 Advanced Power Sources Limited

Advanced Power Sources Limited is audited by J. V. VASANI & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
J. V. VASANI & Co.LockedLockedLocked
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Board of Directors of Advanced Power Sources Limited

Advanced Power Sources has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ravi Jagannadham NapaManaging Director18 Sep 200917 Years 0 MonthsCurrent
Sridevi Ravi NapaWhole-Time Director18 Sep 200917 Years 0 MonthsCurrent
Avinash Mallik NapaWhole-Time Director22 Nov 201411 Years 10 MonthsCurrent
Hiteshkumar Natvarlal MistryDirector14 Dec 201114 Years 9 MonthsCurrent
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Ownership and Shareholding of Advanced Power Sources Limited

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Charges & Borrowings of Advanced Power Sources Limited

Open charges
₹4.2 Cr
Satisfied charges
₹10 Cr
Breakdown by lending institutions
Others₹4.20 Cr
Latest charge details
DateLenderAmountStatus
08 Nov 2024Others₹4.2 CrOpen
24 Nov 2015Axis Bank Limited₹3 CrSatisfied
23 Nov 2015Axis Bank Limited₹3 CrSatisfied
07 Apr 2015Indian Bank₹1 CrSatisfied
25 Jun 2012Axis Bank Limited₹3 CrSatisfied

Total charge records: 5 View all charges

MSME Payment Delays by Advanced Power Sources Limited

Advanced Power Sources Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 16 overdue payments to 8 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 8)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
Shree Unnati Electricals••••••••••••
K.D.Joshi Rubber Industries Private Limited••••••••••••
an individual supplier••••••••••••
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Advanced Power Sources Limited

Advanced Power Sources operates one associated brand: APS Welding. Each brand links to its own profile.

BrandDescriptionWebsite
APS Welding
Manufacturing of welding and cutting equipment in India.apsl.in

Employees and EPFO Compliance at Advanced Power Sources Limited

Advanced Power Sources Limited has a workforce of 30 employees as of Apr 08, 2024.

Employee count
30
Active EPFO establishments
1
Employee growth
7.14%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Advanced Power Sources Limited

Advanced Power Sources has one previous CIN (Corporate Identification Number): U74990MH2009PTC195896. The current CIN is U74990MH2009PLC195896, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74990MH2009PLC195896Current
U74990MH2009PTC195896Previous

Recent Activity on Advanced Power Sources Limited

Advanced Power Sources Limited has 8 board changes on record since 2009: 6 appointments and 2 cessations. The latest: Avinash Mallik Napa was appointed as Whole-Time Director on 22 Nov 2014.

AGM
Advanced Power Sources Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Advanced Power Sources Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 4.20 Cr with Charge ID 101024630 was registered on 08 Nov 2024.
Charges
A charge registered on 24 Nov 2015 via Charge ID 10606486 with Axis Bank Limited was fully satisfied on 21 Sep 2019.
Charges
A charge registered on 23 Nov 2015 via Charge ID 10606485 with Axis Bank Limited was fully satisfied on 21 Sep 2019.
Charges
A charge registered on 25 Jun 2012 via Charge ID 10365529 with Axis Bank Limited was fully satisfied on 21 Sep 2019.
Charges
A charge registered on 07 Apr 2015 via Charge ID 10568661 with Indian Bank was fully satisfied on 28 Dec 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.00 Cr with Charge ID 10606486 was registered on 24 Nov 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.00 Cr with Charge ID 10606485 was registered on 23 Nov 2015.
Charges
A charge with Axis Bank Limited of Rs. 3.00 Cr registered on 25 Jun 2012 with Charge ID 10365529 was modified on 02 Nov 2015.
Charges
A charge with Indian Bank amounted to Rs. 1.00 Cr with Charge ID 10568661 was registered on 07 Apr 2015.
Appointed
Avinash Mallik Napa was appointed as Whole-Time Director.

9 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Advanced Power Sources Limited

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Subsidiaries & Group Companies of Advanced Power Sources Limited

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GST Compliance of Advanced Power Sources Limited

Advanced Power Sources has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
24AAJCA8292L1Z6GujaratActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Advanced Power Sources Limited

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MCA filings and documents

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Frequently Asked Questions about Advanced Power Sources Limited

Advanced Power Sources is an active public limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 September 2009 (17+ years old) and is registered under CIN U74990MH2009PLC195896.

Advanced Power Sources reported revenue of ₹12.21 Cr for FY 2025 (up 14% YoY).

Advanced Power Sources has 4 current directors:

Advanced Power Sources reported a net profit of ₹28.24 Lakh (net margin 2.3%) and EBITDA of ₹94.22 Lakh (EBITDA margin 7.7%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Advanced Power Sources is 6% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Advanced Power Sources is 24AAJCA8292L1Z6, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Advanced Power Sources is U74990MH2009PLC195896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Advanced Power Sources has 10 court cases on record: 10 filed by the company. 3 are pending.

Advanced Power Sources was incorporated on 18 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Advanced Power Sources by revenue are Greenday Infotech Private Limited, Gridzone Solutions Private Limited, Veracity Energy and Infrastructure Private Limited, Danke Electricals Limited, Low Loss Products Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).

Avinash Mallik Napa was appointed as Whole-Time Director on 22 Nov 2014. Nitin Sadashiv Shinde ceased to be Director on 22 Nov 2014. Saravanan Subramani ceased to be Director on 22 Nov 2014. Advanced Power Sources has 8 board changes on record in total.

Yes, Advanced Power Sources is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

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