India's Richest People 2026 edition · 1 director · Source: Hurun India
- #241 Aravind Melligeri & family ₹15,200 Cr
Revenue · FY 2026
₹1,307.62 Cr
▲ 33% YoY
Net loss · FY 2026
₹109.77 Cr
Net margin -8.4%
EBITDA · FY 2026
₹83.37 Cr
EBITDA margin 6.4%
Authorised capital
₹1,014.63 Cr
Registered with MCA
Paid-up capital
₹670.67 Cr
Issued & subscribed
Open charges
₹39 Cr
Satisfied ₹110.58 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
175
Provident fund records
About Aequs Limited
Data last updated:
Aequs Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Aequs Manufacturing Investments Private Limited. It operates in the toy manufacturing segment of the consumer goods sector. It was incorporated on 27 March 2000 and has been in existence for over 26 years.
Its director Aravind Melligeri and family are #241 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L30305KA2000PLC026760. Its GSTIN is 29AACCM3073E1ZL (Karnataka). It is a listed company as per MCA records. Its shares are listed on BSE: 544634 and NSE: AEQUS.
The company has an authorised share capital of ₹1,014.63 Cr and a paid-up capital of ₹670.67 Cr. It was formerly known as Mechanical Training Acadamy Private Limited and Quest Global Manufacturing Private Limited. It is led by directors including Rajeev Kaul (Managing Director) and Vidya Sarathy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,307.62 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹109.77 Cr (net margin -8.4%) and EBITDA of ₹83.37 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years.
The company has about 175 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aequs. As per MCA filings, the company has open charges of ₹39 Cr and satisfied charges of ₹110.58 Cr on record. Court records list 16 cases involving the company, including 11 filed by the company and 5 filed against it. The company has 94 deals on record (72 secondary share transfers, 15 funding rounds, 3 market trades), with disclosed funding of ₹1,710.15 Cr; the latest was in December 2025. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aequs.com.
Company details
CIN L30305KA2000PLC026760
Registration Number 026760
Incorporation Date 27 March 2000
ROC Bangalore
Listing Status Listed - Listed on NSE (AEQUS); Listed on BSE (544634)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Aequs Manufacturing Investments Private Limited
Compliance Status Active Compliant
Name history
Aequs has undergone 4 name changes throughout its history. The current legal name is Aequs Limited.
| Company Name | Status |
|---|---|
| Aequs Limited | Current |
| Mechanical Training Acadamy Private Limited | Previous |
| Quest Global Manufacturing Private Limited | Previous |
| Quest Machining & Manufacturing Private Limited | Previous |
CIN history
Aequs has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L30305KA2000PLC026760, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L30305KA2000PLC026760 | Current |
| U80302KA2000PLC026760 | Previous |
| U80302KA2000PTC026760 | Previous |
| L80302KA2000PLC026760 | Previous |
Recognitions & Rankings of Aequs
Contact details
Aequs Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressAequs Tower No. 55 Whitefield Main Road, Mahadevapura Post, Bangalore, Karnataka, India – 560048
- IndustryConsumer Goods, Toy Manufacturing
Comprehensive company report
Aequs 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 Aequs is manufacturing. In detail, this covers manufacture of other transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 30 | Manufacture of other transport equipment |
To see the full business activity and turnover split of Aequs Limited, buy the company report.
Financials of Aequs Limited
FY 2026 filings availableAequs Limited reported revenue of ₹1,307.62 Cr (up 33% YoY) for FY 2026.
Revenue · FY 2026
₹1,307.62 Cr ▲ 33%
Net loss · FY 2026
₹109.77 Cr margin -8.4%
EBITDA · FY 2026
₹83.37 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 173%
3 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 15% over three years, including 33% growth in the latest year. EBITDA rose 173% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,307.62 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹83.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹109.77 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | ||||
| 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 | |||||
| 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 Aequs Limited, buy the company report.
Board of directors and KMP of Aequs Limited
Aequs Limited currently reports 5 directors and 1 key managerial person. 14 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidya Sarathy Also directs: Vidya Sarathy & Co LLP, Aequs Engineered Plastics Private Limited, Aerostructures Manufacturing India Private Limited and 1 more | Director | 31 Jan 2025 | 1 Years 9 Months | Current |
| Rajeev Kaul Also directs: Aequs Cookware Private Limited, Squad Forging India Private Limited, Aerospace Processing India Private Limited and 1 more | Managing Director | 02 Nov 2011 | 15 Years 0 Months | Current |
| Anup Wadhawan Also directs: Glaxosmithkline Pharmaceuticals Limited, Yatra Online Limited, Turtlemint Fintech Solutions Limited and 5 more | Director | 25 Apr 2025 | 1 Years 6 Months | Current |
| Ajay Aravind Prabhu | Director | 31 Jul 2003 | 23 Years 3 Months | Current |
| Aravind Shivaputrappa Melligeri Also directs: Quest Global Engineering Services Limited, Invest Karnataka Forum | Ceo | 13 May 2025 | 1 Years 5 Months | Current |
| Eberhard Klaus Richter | Director | 24 Jun 2021 | 5 Years 4 Months | Current |
Charges & borrowings
Open charges
₹39 Cr
Satisfied charges
₹110.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2025 | 101203366 | Others | ₹9 Cr | Open | |
| 14 Nov 2018 | 100227077 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 23 Sep 2020 | 100377065 | Hdfc Bank Limited | ₹5.38 Cr | Satisfied | |
| 12 Dec 2017 | 100150821 | Others | ₹23.3 Cr | Satisfied | |
| 28 Jul 2015 | 10584942 | Siemens Financial Services Private Limited | ₹86.5 Lakh | Satisfied |
To see the full charge records of Aequs Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Aequs Limited has 94 deals on record (72 secondary share transfers, 15 funding rounds, 3 market trades), with disclosed funding of ₹1,710.15 Cr; the latest was in December 2025.
Total deals
94
Secondary share transfers
72
Funding rounds
15
Market trades
3
Convertible or debt financing
1
Disclosed funding
₹1,710.15 Cr
Deals on record (5 of 94)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹135.67 Cr | Buyer: Mathisys Quantcap LLP , Junomoneta Finsol Private Limited Seller: Mathisys Quantcap LLP , Junomoneta Finsol Private Limited |
| Dec 2025 | Market trade | ₹55.83 Cr | Buyer: Junomoneta Finsol Private Limited Seller: Junomoneta Finsol Private Limited |
| Dec 2025 | Market trade | ₹306.63 Cr | Buyer: Smallcap World Fund Inc, Junomoneta Finsol Private Limited , Irage Broking Services LLP Seller: Junomoneta Finsol Private Limited , Irage Broking Services LLP |
| Oct 2025 | Secondary share transfer | Undisclosed | Buyer: DSP Investment Private Limited Seller: Amicus Capital Partners |
| Oct 2025 | Secondary share transfer | Undisclosed | Buyer: Gradis Trading Private Limited Seller: Amicus Capital Partners |
To see the full deal history of Aequs 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
Aequs Limited has 16 court cases on record: 11 filed by Aequs, 5 filed against it. All cases are disposed.
Total cases
16
Filed by the company
11
Filed against the company
5
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 4 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Quest Sez Development Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Aequs 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.
Credit ratings & regulatory alerts
Aequs Limited was last rated by Icra on 27 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Jul 2020 |
To see the full credit ratings and regulatory alerts of Aequs Limited, buy the company report.
MSME payment delays
Aequs Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Akash Aluminium Company | |||
| Gulmohar Pack-Tech India Private Limited | |||
| Deeproot Linux Private Limited | |||
| an individual supplier | |||
| M/S. N S Tooling Solutions |
To see the full MSME payment records of Aequs Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Aequs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM3073E1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aequs Limited, buy the company report.
Recent activity
Aequs Limited has 19 board changes on record since 2003: 8 appointments and 11 cessations. The latest: Aravind Shivaputrappa Melligeri was appointed as CEO on 13 May 2025.
Filing
Aequs Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 30.00 Cr registered on 14 Nov 2018 with Charge ID 100227077 was modified on 22 Dec 2025.
Charges
A charge with Others amounted to Rs. 9.00 Cr with Charge ID 101203366 was registered on 28 Nov 2025.
AGM
Aequs Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Aravind Shivaputrappa Melligeri was appointed as CEO.
Ceased
Aravind Shivaputrappa Melligeri ceased to be Director.
Appointed
Anup Wadhawan was appointed as Director.
Ceased
Vidya Sarathy ceased to be Additional Director.
Appointed
Vidya Sarathy was appointed as Director.
Charges
A charge registered on 23 Sep 2020 via Charge ID 100377065 with Hdfc Bank Limited was fully satisfied on 12 Nov 2024.
Ceased
Mahesh Parasuraman ceased to be Additional Director.
Appointed
Dinesh Iyer was appointed as CFO.
48 earlier events are in the company report.
News
Aequs: Company Adjusts Consumer Business To Reach EBITDA Breakeven Later Than Previously Expected, Citing Slower Volume Growth, Extended Customer Qualifications, And Supply Chain Issues, No New Timeline Provided.
Aequs: Sees 40% To 50% Utilization For Consumer Sector In Q4, Aiming For EBITDA Breakeven At 50% Utilization And Positive PAT By FY30; Aerospace Segment On Schedule With $1.1 Billion Order Book Expected To Execute In 5 To 7 Years.
AEQUS: Management Reaffirms 4 To 6 Times Growth Target By 2031, Suggesting Need For Possible External Equity Fundraise In Fiscal '28 For Capital Needs.
Aequs: Company's Timeline for Consumer EBITDA Break-even Shifted Due to Slow Growth, Previous Estimate Was Q4 FY27.
AEQUS: Q2 REVENUE 4.1B RUPEES VS 2.82B (YOY)
AEQUS: Q2 CONS NET LOSS 524M RUPEES VS LOSS 206M (YOY); EST LOSS 379M
Frequently asked questions
Aequs is an active public limited company based in Bangalore, Karnataka, India. The company works in toy manufacturing, within the consumer goods industry. It was incorporated on 27 March 2000 (26+ years old) and is registered under CIN L30305KA2000PLC026760. Listed on BSE: 544634 and NSE: AEQUS.
Aequs has 6 current directors and KMP:
- Rajeev Kaul - Managing Director
- Vidya Sarathy - Director
- Anup Wadhawan - Director
- Ajay Aravind Prabhu - Director
- Eberhard Klaus Richter - Director
- Aravind Shivaputrappa Melligeri - Ceo
The latest financial statements of Aequs on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aequs is 29AACCM3073E1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Aequs is L30305KA2000PLC026760. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aequs is a listed company as per MCA records. Its shares are listed on both BSE (code: 544634) and NSE (symbol: AEQUS).
Aequs has 16 court cases on record: 11 filed by the company and 5 filed against it. Most are in the high courts.
Aequs was incorporated on 27 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Aequs has 94 deals on record (72 secondary share transfers, 15 funding rounds, 3 market trades), with disclosed funding of ₹1,710.15 Cr; the latest was in December 2025.
Aravind Shivaputrappa Melligeri was appointed as CEO on 13 May 2025. Aravind Shivaputrappa Melligeri ceased to be Director on 12 May 2025. Anup Wadhawan was appointed as Director on 25 Apr 2025. Aequs has 19 board changes on record in total.
Aequs has 10 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 14 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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