Aequs Limited - consumer goods in Bangalore North, Karnataka, India. FY 2026 financials & compliance.
CIN L80302KA2000PLC026760 Incorporated 27 March 2000 ROC Bangalore HQ Bangalore North, Karnataka, India
Active Listed Public Limited Company consumer goods
Data last updated
Market Cap
₹18,447 Cr
AEQUS · NSE
Share Price
₹273.95
-1.98% today
Revenue
₹1,230 Cr
FY 2025-26 · +28.3% YoY
EBITDA
₹83.37 Cr
Margin 6.8%
Net Profit
−₹110 Cr
FY 2025-26 · -73.7% YoY
P/E (TTM)
0.0x
P/B 12.6x
ROE
0.0%
ROCE 0.0%
Debt / Equity
0.67
Interest cover -173.7x

About Aequs Limited

Data last updated:

Aequs Limited is a public limited company based in Bangalore North, 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.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L80302KA2000PLC026760. Its GSTIN is 29AACCM3073E1ZL (Karnataka). It is a listed company.

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 2025. The registered office is at Bangalore North, Karnataka.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,230.44 Cr, a growth of 33.08% compared to the previous year. The net worth stands at ₹1,486.49 Cr (up 107.34% YoY). Total assets are valued at ₹2,223.87 Cr (up 43.71% YoY).

The company has about 175 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries and 2 joint ventures.

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.

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 of Aequs Limited
CIN L80302KA2000PLC026760
Registration Number 026760
Incorporation Date 27 March 2000
ROC Bangalore
Listing Status Listed
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Aequs Manufacturing Investments Private Limited
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
  • Registered Address
    Aequs Tower No. 55 Whitefield Main Road, Mahadevapura Post, Bangalore North, Karnataka, India – 560048
  • Industry
    Consumer Goods, Toy Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Aequs Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Aequs

Aequs has undergone 4 name changes throughout its history. The current legal name is Aequs Limited.

Company NameStatus
Aequs LimitedCurrent
Mechanical Training Acadamy Private LimitedPrevious
Quest Global Manufacturing Private LimitedPrevious
Quest Machining & Manufacturing Private LimitedPrevious

CIN History of Aequs

Aequs has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L80302KA2000PLC026760, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L80302KA2000PLC026760Current
U80302KA2000PLC026760Previous
U80302KA2000PTC026760Previous

Associated Brands with Aequs

Aequs operates one associated brand: Aequs. Each brand links to its own profile.

BrandDescriptionWebsite
Major auto components are manufactured and supplied by Aequs.aequs.com

Competitors & Alternatives of Aequs

Brands and companies operating in the same space as Aequs Limited include Precision Aerospace Group.

CompetitorDescriptionLocationFounded
Precision Aerospace Group Precision Aerospace Group Aerospace and government contracting services are provided by the group.Aventura, United States, United States1945

Auditor Details of Aequs

Aequs Limited is audited by B S R & Co. LLP for the financial year 2025.

NameStatusAppointment DateCessation Date
B S R & Co. LLPLockedLockedLocked
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Complete auditor history for Aequs Limited

Appointment and cessation dates and past auditor changes are in the company report.

  • Appointment status
  • Appointment dates
  • Cessation dates
  • Auditor changes

Verified entity values are shown only after access is granted.

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
NameDesignationAppointment DateTenureStatus
Vidya SarathyDirector31 Jan 20251 Years 8 MonthsCurrent
Rajeev KaulManaging Director02 Nov 201114 Years 11 MonthsCurrent
Anup WadhawanDirector25 Apr 20251 Years 5 MonthsCurrent
Ajay Aravind PrabhuDirector31 Jul 200323 Years 2 MonthsCurrent
Aravind Shivaputrappa MelligeriCeo13 May 20251 Years 4 MonthsCurrent
Eberhard Klaus RichterDirector24 Jun 20215 Years 3 MonthsCurrent

Financials of Aequs Limited FY 2025-26 filings available

Aequs Limited reported revenue of ₹1,230.44 Cr (up 33.08% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,230 Cr
+33.1% YoY
EBITDA
₹83.37 Cr
+173.1% YoY
Profit After Tax
−₹110 Cr
-73.7% YoY
Net Worth
₹1,486 Cr
+107.3% YoY
Total Assets
₹2,224 Cr
+43.7% YoY
Total Debt
₹701 Cr
-10.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue1,230925965812
Revenue growth+28.3%+6.5%+8.2%+9997.0%
EBITDA83.3730.5312636.22
EBITDA margin+6.8%+3.3%+13.0%+4.5%
Profit before tax(71.50)(94.01)(4.28)(103)
Net profit(110)(63.19)(18.31)(96.47)
Net profit margin-8.9%-6.8%-1.9%-11.9%
EPS (₹)(1.69)(1.76)(0.26)(2.33)
Balance sheet
Total assets2,2241,5471,528946
Net worth1,486717817336
Total debt701785699606
Cash & bank35779.7925257.37
Net working capital836431511127
Cash flow
Cash from operations(98.75)26.14(19.11)9.81
Cash from investing(365)(69.87)(346)(95.49)
Cash from financing70425.4039354.37
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue396367326282256249216
Revenue growth (YoY)+54.8%+47.3%+50.8%+9997.0%+9997.0%+9997.0%+9997.0%
Other income9.6244.2310.4917.8513.9318.842.54
EBITDA14.774.2012.3028.5126.9124.467.37
EBITDA margin+3.7%+1.1%+3.8%+10.1%+10.5%+9.8%+3.4%
Depreciation45.3445.5035.0432.6024.5524.2026.29
Interest18.8535.8420.7725.7010.0513.3017.69
Profit before tax(39.80)(32.91)(33.02)(11.94)6.245.80(34.07)
Tax13.4220.819.688.652.62(3.11)5.75
Net profit(53.22)(53.72)(42.70)(20.59)3.628.91(39.82)
EPS (₹)(0.81)(0.89)(0.70)(0.35)0.070.16(0.97)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue12492.2474.2469.7051.70
Revenue growth-23.6%-22.4%+95.1%-52.6%+9997.0%
EBITDA(3.41)(74.30)(140)(40.30)(180)
EBITDA margin-2.8%-80.6%-189.1%-57.8%-348.7%
Profit before tax56.02(70.54)(130)(43.60)(174)
Net profit28.962.5519.51(1.30)(19.32)
Net profit margin+23.4%+2.8%+26.3%-1.9%-37.4%
EPS (₹)0.74(1.27)(3.07)(1.03)(4.50)
Balance sheet
Total assets1,9391,0101,089684561
Net worth1,868910979596496
Total debt35.4051.6857.7281.2062.90
Cash & bank12916.841905.1035.90
Net working capital15998.0521018.8057.00
Cash flow
Cash from operations(4.79)0.27(6.93)14.2016.80
Cash from investing(793)(6.19)(451)(169)(172)
Cash from financing881(7.55)483124150
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue38.5236.7130.9027.8228.4329.8920.16
Revenue growth (YoY)+35.5%+22.8%+53.3%+9997.0%+9997.0%+9997.0%+9997.0%
Other income9.3364.389.296.556.740.284.89
Total expenses39.2238.3243.5527.6926.9310618.41
EBITDA(0.70)(1.61)(12.65)0.131.50(76.45)1.75
EBITDA margin-1.8%-4.4%-40.9%+0.5%+5.3%-255.8%+8.7%
Depreciation2.452.362.352.392.362.392.70
Interest0.982.821.652.342.041.430.97
Profit before tax5.2057.59(7.36)1.953.84(79.99)2.97
Tax1.145.43(0.98)1.790.000.591.02

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue396367326282256249216
Revenue growth (YoY)+54.8%+47.3%+50.8%+9997.0%+9997.0%+9997.0%+9997.0%
Other income9.6244.2310.4917.8513.9318.842.54
EBITDA14.774.2012.3028.5126.9124.467.37
EBITDA margin+3.7%+1.1%+3.8%+10.1%+10.5%+9.8%+3.4%
Depreciation45.3445.5035.0432.6024.5524.2026.29
Interest18.8535.8420.7725.7010.0513.3017.69
Profit before tax(39.80)(32.91)(33.02)(11.94)6.245.80(34.07)
Tax13.4220.819.688.652.62(3.11)5.75
Net profit(53.22)(53.72)(42.70)(20.59)3.628.91(39.82)
EPS (₹)(0.81)(0.89)(0.70)(0.35)0.070.16(0.97)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue1,230925965812
Revenue growth+28.3%+6.5%+8.2%+9997.0%
Other income77.1843.2047.0328.41
Total expenses1,147894840776
Employee cost212159143145
EBITDA83.3730.5312636.22
EBITDA margin+6.8%+3.3%+13.0%+4.5%
Depreciation13810310899.52
Interest94.3664.3369.1668.58
Profit before tax(71.50)(94.01)(4.28)(103)
Tax41.768.349.966.05
Net profit(110)(63.19)(18.31)(96.47)
Net profit margin-8.9%-6.8%-1.9%-11.9%
EPS (₹)(1.69)(1.76)(0.26)(2.33)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital671582832482
Reserves & surplus816135(15.31)(146)
Shareholders' funds (net worth)1,486717817336
Minority interest(0.94)(0.94)(0.94)(11.36)
Secured loans273360243239
Unsecured loans427425456367
Total debt701785699606
Total liabilities2,2241,5471,528946
Assets
Gross block1,7591,1191,1491,065
Net block1,070525660686
Capital work in progress78.663951750.00
Investments10676.9091.9657.57
Inventories610451383329
Sundry debtors265157137107
Cash & bank balances35779.7925257.37
Loans & advances11499.0063.1940.16
Total current assets1,345787835534
Total current liabilities509355324406
Net working capital836431511127
Total assets2,2241,5471,528946
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash60.9479.2751.2982.59
Net cash from operating activities(98.75)26.14(19.11)9.81
Net cash from investing activities(365)(69.87)(346)(95.49)
Net cash from financing activities70425.4039354.37
Net change in cash241(18.33)27.99(31.30)
Closing cash35779.7925257.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+33.1%-4.2%+18.8%+9997.0%
EBITDA growth+173.1%-75.7%+246.6%+9997.0%
PBT growth+23.9%-2096.5%+95.9%+9997.0%
Net income growth-73.7%-245.1%+81.0%+9997.0%
Revenue CAGR (3Y)+14.9%---
EBITDA CAGR (3Y)+32.0%---
Profitability & leverage
Net income margin-9.2%-11.1%-1.5%-13.5%
Return on capital employed0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%
Debt / equity0.670.971.151.90
Long-term debt / equity0.350.560.741.27
Interest cover-173.71-88.27387.45-108.34
Efficiency & per share
Fixed asset turnover0.850.820.880.77
Inventory turnover2.322.222.712.47
Debtors turnover5.846.307.917.58
EPS (₹)(1.69)(1.76)(0.26)(2.33)
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)22.1612.329.646.15
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue38.5236.7130.9027.8228.4329.8920.16
Revenue growth (YoY)+35.5%+22.8%+53.3%+9997.0%+9997.0%+9997.0%+9997.0%
Other income9.3364.389.296.556.740.284.89
Total expenses39.2238.3243.5527.6926.9310618.41
EBITDA(0.70)(1.61)(12.65)0.131.50(76.45)1.75
EBITDA margin-1.8%-4.4%-40.9%+0.5%+5.3%-255.8%+8.7%
Depreciation2.452.362.352.392.362.392.70
Interest0.982.821.652.342.041.430.97
Profit before tax5.2057.59(7.36)1.953.84(79.99)2.97
Tax1.145.43(0.98)1.790.000.591.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue12492.2474.2469.7051.70
Revenue growth-23.6%-22.4%+95.1%-52.6%+9997.0%
Other income77.9720.4229.0616.9024.50
Total expenses127167215110232
Employee cost23.6213.8312.8912.008.60
EBITDA(3.41)(74.30)(140)(40.30)(180)
EBITDA margin-2.8%-80.6%-189.1%-57.8%-348.7%
Depreciation9.4510.2111.0511.5011.90
Interest9.096.457.658.705.90
Profit before tax56.02(70.54)(130)(43.60)(174)
Tax6.233.530.270.004.70
Net profit28.962.5519.51(1.30)(19.32)
Net profit margin+23.4%+2.8%+26.3%-1.9%-37.4%
EPS (₹)0.74(1.27)(3.07)(1.03)(4.50)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital671582832482396
Reserves & surplus1,19732814711499.50
Shareholders' funds (net worth)1,868910979596496
Secured loans11.4522.3622.8624.9026.50
Unsecured loans23.9529.3234.8656.3036.40
Total debt35.4051.6857.7281.2062.90
Total liabilities1,9391,0101,089684561
Assets
Gross block109112115118102
Net block35.4340.4848.5557.4052.80
Capital work in progress0.000.000.040.000.10
Investments1,519852808586431
Inventories48.1640.9232.9926.4031.50
Sundry debtors24.8617.1411.7713.0016.20
Cash & bank balances12916.841905.1035.90
Loans & advances18.5768.6412.9514.1028.50
Total current assets22114424858.60112
Total current liabilities61.8345.4937.5339.8055.10
Net working capital15998.0521018.8057.00
Total assets1,9391,0101,089684561
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash16.8330.295.1235.9041.80
Net cash from operating activities(4.79)0.27(6.93)14.2016.80
Net cash from investing activities(793)(6.19)(451)(169)(172)
Net cash from financing activities881(7.55)483124150
Net change in cash83.06(13.47)25.18(30.80)(5.90)
Closing cash12916.841905.1035.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+34.3%+24.3%+6.5%+34.8%+9997.0%
EBITDA growth+95.4%+47.1%-248.4%+77.7%+9997.0%
PBT growth+9998.0%+45.8%-198.3%+74.9%+9997.0%
Net income growth+1035.7%-86.9%+9998.0%+93.3%+9997.0%
Revenue CAGR (3Y)+21.1%+21.3%---
EBITDA CAGR (3Y)-56.1%-25.6%---
Profitability & leverage
Net income margin+40.2%-80.3%-175.5%-62.6%-344.9%
Return on capital employed+2.6%0.0%0.0%0.0%0.0%
Return on net worth+1.7%0.0%0.0%0.0%0.0%
Debt / equity0.030.060.090.130.13
Long-term debt / equity0.010.030.040.060.06
Interest cover-70.68-7.63-5.05-16.80-3.07
Efficiency & per share
Fixed asset turnover1.120.820.640.630.51
Inventory turnover2.782.502.502.411.64
Debtors turnover5.906.385.994.773.19
EPS (₹)0.74(1.27)(3.07)(1.03)(4.50)
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)27.8515.6313.4712.6812.51
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Shareholding Pattern of Aequs Limited

Shareholding for the quarter ended Sep 2026: promoters hold 59.10%, foreign institutional investors hold 5.20%, domestic institutional investors hold 8.80% and retail and other public shareholders hold 26.90%.

Promoters: 59.10%DII (Domestic Institutional): 8.80%FII (Foreign Institutional): 5.20%Retail & Others: 26.90%
Sep 2026
QUARTER
59.10% Promoters
8.80% DII (Domestic Institutional)
5.20% FII (Foreign Institutional)
26.90% Retail & Others
Promoter holding - history
Now 59.10% · Sep 2026High 59.10% · Dec 2025Low 59.10% · Dec 2025
58%58.8%59.5%60.3%61%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 59.10%Mar 2026: 59.10%Jun 2026: 59.10%Sep 2026: 59.10%59.10%59.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters59.10%59.10%59.10%59.10%
Public40.90%40.90%40.90%40.90%

Group Structure of Aequs Limited

Aequs has 12 subsidiary companies and 2 joint ventures. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

12
Subsidiary companies
2
Joint ventures
Key Subsidiaries
Company NameCINShares Held
Aequs Engineered Plastics Private LimitedU22209KA2015PTC078777-
Aequs Rajas Extrusion Private LimitedU25200KA2021PTC148763-
Aequs Toys Private LimitedU26400KA2021PTC150503-
Aequs Force Consumer Products Private LimitedU28191KA2018PTC114901-
Aequs Consumer Products Private LimitedU28995KA2019PTC129087-
Aerostructures Manufacturing India Private LimitedU29253KA2013PTC067763-

Showing major subsidiaries. Total: 12.

Charges & Borrowings of Aequs

Open charges
₹39 Cr
Satisfied charges
₹110.58 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹30.00 Cr
Others₹9.00 Cr
Latest charge details
DateLenderAmountStatus
28 Nov 2025Others₹9 CrOpen
14 Nov 2018Hdfc Bank Limited₹30 CrOpen
23 Sep 2020Hdfc Bank Limited₹5.38 CrSatisfied
12 Dec 2017Others₹23.3 CrSatisfied
28 Jul 2015Siemens Financial Services Private Limited₹86.5 LakhSatisfied

Total charge records: 18 View all charges

Employees and EPFO Compliance at Aequs

Aequs Limited has a workforce of 175 employees as of Nov 24, 2025.

Employee count
175
Active EPFO establishments
1
Employee growth
26.81%
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Employee and EPFO history for Aequs Limited

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

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GST Compliance of Aequs

Aequs has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
Cancelled / inactive
0
GSTINStateStatusRegistered on
29AACCM3073E1ZLKarnatakaActive01 Jul 2017
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GST registrations and filing compliance for Aequs Limited

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

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Credit Ratings, Litigation & Regulatory Alerts for Aequs

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Credit ratings, litigation, and regulatory alerts for Aequs Limited

Credit ratings, court records and regulatory alerts are in the company report.

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MSME Payment Delays by Aequs

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MSME payment history for Aequs Limited

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Aequs

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Corporate group structure for Aequs Limited

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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MCA Filings & Documents of Aequs

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MCA filings and documents for Aequs Limited

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

  • Incorporation documents
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Recent Activity on Aequs

Charges
22 Dec 2025
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
28 Nov 2025
A charge with Others amounted to Rs. 9.00 Cr with Charge ID 101203366 was registered on 28 Nov 2025.
Activity
30 Sep 2025
Aequs Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Directors
14 May 2025
Aravind S Melligeri was appointed as a Ceo on 14 May 2025 & has been associated with this company since 1 year 4 months.
Directors
13 May 2025
Aravind Shivaputrappa Melligeri was appointed as a CEO on 13 May 2025 & has been associated with this company since 1 year 4 months.
Directors
25 Apr 2025
Anup Wadhawan was appointed as a Director on 25 Apr 2025 & has been associated with this company since 1 year 5 months.

Frequently Asked Questions about Aequs Limited

Aequs is an active public limited company based in Bangalore North, 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 L80302KA2000PLC026760.

Aequs reported revenue of ₹1,230.44 Cr for FY 2025-26 (up 33.08% YoY) based on consolidated financials.

Aequs has 6 current directors and KMP:

The GSTIN of Aequs is 29AACCM3073E1ZL, registered in Karnataka.

The CIN (Corporate Identification Number) of Aequs is L80302KA2000PLC026760. 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.

Aequs was incorporated on 27 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.

Aequs can be reached through the website aequs.com. Its registered office is in Bangalore North, Karnataka, India.

The registered office of Aequs is at Aequs Tower No. 55 Whitefield Main Road, Mahadevapura Post, Bangalore North, Karnataka, India – 560048.

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