
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.
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, Karnataka.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,230.44 Cr, a growth of 33.1% compared to the previous year. For the same year it recorded a net loss of ₹109.77 Cr (net margin -8.9%) and EBITDA of ₹83.37 Cr (EBITDA margin 6.8%). The net worth stands at ₹1,486.49 Cr (up 107.3% YoY). Total assets are valued at ₹2,223.87 Cr (up 43.7% 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. Court records list 16 cases involving the company, including 11 filed by the company and 1 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. Its 10 peer companies in the Aviation industry (Aircraft and Components Manufacturing, Cold Storage and Warehousing, Toys Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is K Raheja Corp Real Estate Private Limited with revenue of ₹1,120.18 Cr. 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAequs Tower No. 55 Whitefield Main Road, Mahadevapura Post, Bangalore, Karnataka, India – 560048
- IndustryConsumer Goods, Toy Manufacturing
- 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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Financials of Aequs Limited FY 2025-26 filings available
Aequs Limited reported revenue of ₹1,230.44 Cr (up 33.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,230 | 925 | 965 | 812 |
| Revenue growth | +33.1% | -4.2% | +18.8% | - |
| EBITDA | 83.37 | 30.53 | 126 | 36.22 |
| 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 assets | 2,224 | 1,547 | 1,528 | 946 |
| Net worth | 1,486 | 717 | 817 | 336 |
| Total debt | 701 | 785 | 699 | 606 |
| Cash & bank | 357 | 79.79 | 252 | 57.37 |
| Net working capital | 836 | 431 | 511 | 127 |
| Cash flow | ||||
| Cash from operations | (98.75) | 26.14 | (19.11) | 9.81 |
| Cash from investing | (365) | (69.87) | (346) | (95.49) |
| Cash from financing | 704 | 25.40 | 393 | 54.37 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 396 | 367 | 326 | 282 | 256 | 249 | 216 |
| Revenue growth (YoY) | +54.8% | +47.3% | +50.8% | - | - | - | - |
| Other income | 9.62 | 44.23 | 10.49 | 17.85 | 13.93 | 18.84 | 2.54 |
| EBITDA | 14.77 | 4.20 | 12.30 | 28.51 | 26.91 | 24.46 | 7.37 |
| EBITDA margin | +3.7% | +1.1% | +3.8% | +10.1% | +10.5% | +9.8% | +3.4% |
| Depreciation | 45.34 | 45.50 | 35.04 | 32.60 | 24.55 | 24.20 | 26.29 |
| Interest | 18.85 | 35.84 | 20.77 | 25.70 | 10.05 | 13.30 | 17.69 |
| Profit before tax | (39.80) | (32.91) | (33.02) | (11.94) | 6.24 | 5.80 | (34.07) |
| Tax | 13.42 | 20.81 | 9.68 | 8.65 | 2.62 | (3.11) | 5.75 |
| Net profit | (53.22) | (53.72) | (42.70) | (20.59) | 3.62 | 8.91 | (39.82) |
| EPS (₹) | (0.81) | (0.89) | (0.70) | (0.35) | 0.07 | 0.16 | (0.97) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 124 | 92.24 | 74.24 | 69.70 | 51.70 |
| Revenue growth | +34.3% | +24.3% | +6.5% | +34.8% | - |
| EBITDA | (3.41) | (74.30) | (140) | (40.30) | (180) |
| EBITDA margin | -2.8% | -80.6% | -189.1% | -57.8% | -348.7% |
| Profit before tax | 56.02 | (70.54) | (130) | (43.60) | (174) |
| Net profit | 28.96 | 2.55 | 19.51 | (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 assets | 1,939 | 1,010 | 1,089 | 684 | 561 |
| Net worth | 1,868 | 910 | 979 | 596 | 496 |
| Total debt | 35.40 | 51.68 | 57.72 | 81.20 | 62.90 |
| Cash & bank | 129 | 16.84 | 190 | 5.10 | 35.90 |
| Net working capital | 159 | 98.05 | 210 | 18.80 | 57.00 |
| Cash flow | |||||
| Cash from operations | (4.79) | 0.27 | (6.93) | 14.20 | 16.80 |
| Cash from investing | (793) | (6.19) | (451) | (169) | (172) |
| Cash from financing | 881 | (7.55) | 483 | 124 | 150 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 38.52 | 36.71 | 30.90 | 27.82 | 28.43 | 29.89 | 20.16 |
| Revenue growth (YoY) | +35.5% | +22.8% | +53.3% | - | - | - | - |
| Other income | 9.33 | 64.38 | 9.29 | 6.55 | 6.74 | 0.28 | 4.89 |
| Total expenses | 39.22 | 38.32 | 43.55 | 27.69 | 26.93 | 106 | 18.41 |
| EBITDA | (0.70) | (1.61) | (12.65) | 0.13 | 1.50 | (76.45) | 1.75 |
| EBITDA margin | -1.8% | -4.4% | -40.9% | +0.5% | +5.3% | -255.8% | +8.7% |
| Depreciation | 2.45 | 2.36 | 2.35 | 2.39 | 2.36 | 2.39 | 2.70 |
| Interest | 0.98 | 2.82 | 1.65 | 2.34 | 2.04 | 1.43 | 0.97 |
| Profit before tax | 5.20 | 57.59 | (7.36) | 1.95 | 3.84 | (79.99) | 2.97 |
| Tax | 1.14 | 5.43 | (0.98) | 1.79 | 0.00 | 0.59 | 1.02 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 396 | 367 | 326 | 282 | 256 | 249 | 216 |
| Revenue growth (YoY) | +54.8% | +47.3% | +50.8% | - | - | - | - |
| Other income | 9.62 | 44.23 | 10.49 | 17.85 | 13.93 | 18.84 | 2.54 |
| EBITDA | 14.77 | 4.20 | 12.30 | 28.51 | 26.91 | 24.46 | 7.37 |
| EBITDA margin | +3.7% | +1.1% | +3.8% | +10.1% | +10.5% | +9.8% | +3.4% |
| Depreciation | 45.34 | 45.50 | 35.04 | 32.60 | 24.55 | 24.20 | 26.29 |
| Interest | 18.85 | 35.84 | 20.77 | 25.70 | 10.05 | 13.30 | 17.69 |
| Profit before tax | (39.80) | (32.91) | (33.02) | (11.94) | 6.24 | 5.80 | (34.07) |
| Tax | 13.42 | 20.81 | 9.68 | 8.65 | 2.62 | (3.11) | 5.75 |
| Net profit | (53.22) | (53.72) | (42.70) | (20.59) | 3.62 | 8.91 | (39.82) |
| EPS (₹) | (0.81) | (0.89) | (0.70) | (0.35) | 0.07 | 0.16 | (0.97) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 1,230 | 925 | 965 | 812 |
| Revenue growth | +33.1% | -4.2% | +18.8% | - |
| Other income | 77.18 | 43.20 | 47.03 | 28.41 |
| Total expenses | 1,147 | 894 | 840 | 776 |
| Employee cost | 212 | 159 | 143 | 145 |
| EBITDA | 83.37 | 30.53 | 126 | 36.22 |
| EBITDA margin | +6.8% | +3.3% | +13.0% | +4.5% |
| Depreciation | 138 | 103 | 108 | 99.52 |
| Interest | 94.36 | 64.33 | 69.16 | 68.58 |
| Profit before tax | (71.50) | (94.01) | (4.28) | (103) |
| Tax | 41.76 | 8.34 | 9.96 | 6.05 |
| 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) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 671 | 582 | 832 | 482 |
| Reserves & surplus | 816 | 135 | (15.31) | (146) |
| Shareholders' funds (net worth) | 1,486 | 717 | 817 | 336 |
| Minority interest | (0.94) | (0.94) | (0.94) | (11.36) |
| Secured loans | 273 | 360 | 243 | 239 |
| Unsecured loans | 427 | 425 | 456 | 367 |
| Total debt | 701 | 785 | 699 | 606 |
| Total liabilities | 2,224 | 1,547 | 1,528 | 946 |
| Assets | ||||
| Gross block | 1,759 | 1,119 | 1,149 | 1,065 |
| Net block | 1,070 | 525 | 660 | 686 |
| Capital work in progress | 78.66 | 395 | 175 | 0.00 |
| Investments | 106 | 76.90 | 91.96 | 57.57 |
| Inventories | 610 | 451 | 383 | 329 |
| Sundry debtors | 265 | 157 | 137 | 107 |
| Cash & bank balances | 357 | 79.79 | 252 | 57.37 |
| Loans & advances | 114 | 99.00 | 63.19 | 40.16 |
| Total current assets | 1,345 | 787 | 835 | 534 |
| Total current liabilities | 509 | 355 | 324 | 406 |
| Net working capital | 836 | 431 | 511 | 127 |
| Total assets | 2,224 | 1,547 | 1,528 | 946 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 60.94 | 79.27 | 51.29 | 82.59 |
| 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 activities | 704 | 25.40 | 393 | 54.37 |
| Net change in cash | 241 | (18.33) | 27.99 | (31.30) |
| Closing cash | 357 | 79.79 | 252 | 57.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +33.1% | -4.2% | +18.8% | - |
| EBITDA growth | +173.1% | -75.7% | +246.6% | - |
| PBT growth | +23.9% | -2096.5% | +95.9% | +9997.0% |
| Net income growth | -73.7% | -245.1% | +81.0% | - |
| 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 employed | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.67 | 0.97 | 1.15 | 1.90 |
| Long-term debt / equity | 0.35 | 0.56 | 0.74 | 1.27 |
| Interest cover | -173.71 | -88.27 | 387.45 | -108.34 |
| Efficiency & per share | ||||
| Fixed asset turnover | 0.85 | 0.82 | 0.88 | 0.77 |
| Inventory turnover | 2.32 | 2.22 | 2.71 | 2.47 |
| Debtors turnover | 5.84 | 6.30 | 7.91 | 7.58 |
| EPS (₹) | (1.69) | (1.76) | (0.26) | (2.33) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 22.16 | 12.32 | 9.64 | 6.15 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 38.52 | 36.71 | 30.90 | 27.82 | 28.43 | 29.89 | 20.16 |
| Revenue growth (YoY) | +35.5% | +22.8% | +53.3% | - | - | - | - |
| Other income | 9.33 | 64.38 | 9.29 | 6.55 | 6.74 | 0.28 | 4.89 |
| Total expenses | 39.22 | 38.32 | 43.55 | 27.69 | 26.93 | 106 | 18.41 |
| EBITDA | (0.70) | (1.61) | (12.65) | 0.13 | 1.50 | (76.45) | 1.75 |
| EBITDA margin | -1.8% | -4.4% | -40.9% | +0.5% | +5.3% | -255.8% | +8.7% |
| Depreciation | 2.45 | 2.36 | 2.35 | 2.39 | 2.36 | 2.39 | 2.70 |
| Interest | 0.98 | 2.82 | 1.65 | 2.34 | 2.04 | 1.43 | 0.97 |
| Profit before tax | 5.20 | 57.59 | (7.36) | 1.95 | 3.84 | (79.99) | 2.97 |
| Tax | 1.14 | 5.43 | (0.98) | 1.79 | 0.00 | 0.59 | 1.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 124 | 92.24 | 74.24 | 69.70 | 51.70 |
| Revenue growth | +34.3% | +24.3% | +6.5% | +34.8% | - |
| Other income | 77.97 | 20.42 | 29.06 | 16.90 | 24.50 |
| Total expenses | 127 | 167 | 215 | 110 | 232 |
| Employee cost | 23.62 | 13.83 | 12.89 | 12.00 | 8.60 |
| EBITDA | (3.41) | (74.30) | (140) | (40.30) | (180) |
| EBITDA margin | -2.8% | -80.6% | -189.1% | -57.8% | -348.7% |
| Depreciation | 9.45 | 10.21 | 11.05 | 11.50 | 11.90 |
| Interest | 9.09 | 6.45 | 7.65 | 8.70 | 5.90 |
| Profit before tax | 56.02 | (70.54) | (130) | (43.60) | (174) |
| Tax | 6.23 | 3.53 | 0.27 | 0.00 | 4.70 |
| Net profit | 28.96 | 2.55 | 19.51 | (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) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 671 | 582 | 832 | 482 | 396 |
| Reserves & surplus | 1,197 | 328 | 147 | 114 | 99.50 |
| Shareholders' funds (net worth) | 1,868 | 910 | 979 | 596 | 496 |
| Secured loans | 11.45 | 22.36 | 22.86 | 24.90 | 26.50 |
| Unsecured loans | 23.95 | 29.32 | 34.86 | 56.30 | 36.40 |
| Total debt | 35.40 | 51.68 | 57.72 | 81.20 | 62.90 |
| Total liabilities | 1,939 | 1,010 | 1,089 | 684 | 561 |
| Assets | |||||
| Gross block | 109 | 112 | 115 | 118 | 102 |
| Net block | 35.43 | 40.48 | 48.55 | 57.40 | 52.80 |
| Capital work in progress | 0.00 | 0.00 | 0.04 | 0.00 | 0.10 |
| Investments | 1,519 | 852 | 808 | 586 | 431 |
| Inventories | 48.16 | 40.92 | 32.99 | 26.40 | 31.50 |
| Sundry debtors | 24.86 | 17.14 | 11.77 | 13.00 | 16.20 |
| Cash & bank balances | 129 | 16.84 | 190 | 5.10 | 35.90 |
| Loans & advances | 18.57 | 68.64 | 12.95 | 14.10 | 28.50 |
| Total current assets | 221 | 144 | 248 | 58.60 | 112 |
| Total current liabilities | 61.83 | 45.49 | 37.53 | 39.80 | 55.10 |
| Net working capital | 159 | 98.05 | 210 | 18.80 | 57.00 |
| Total assets | 1,939 | 1,010 | 1,089 | 684 | 561 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 16.83 | 30.29 | 5.12 | 35.90 | 41.80 |
| Net cash from operating activities | (4.79) | 0.27 | (6.93) | 14.20 | 16.80 |
| Net cash from investing activities | (793) | (6.19) | (451) | (169) | (172) |
| Net cash from financing activities | 881 | (7.55) | 483 | 124 | 150 |
| Net change in cash | 83.06 | (13.47) | 25.18 | (30.80) | (5.90) |
| Closing cash | 129 | 16.84 | 190 | 5.10 | 35.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +34.3% | +24.3% | +6.5% | +34.8% | - |
| EBITDA growth | +95.4% | +47.1% | -248.4% | +77.7% | - |
| PBT growth | +9998.0% | +45.8% | -198.3% | +74.9% | +9997.0% |
| Net income growth | +1035.7% | -86.9% | +1600.8% | +93.3% | - |
| 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 / equity | 0.03 | 0.06 | 0.09 | 0.13 | 0.13 |
| Long-term debt / equity | 0.01 | 0.03 | 0.04 | 0.06 | 0.06 |
| Interest cover | -70.68 | -7.63 | -5.05 | -16.80 | -3.07 |
| Efficiency & per share | |||||
| Fixed asset turnover | 1.12 | 0.82 | 0.64 | 0.63 | 0.51 |
| Inventory turnover | 2.78 | 2.50 | 2.50 | 2.41 | 1.64 |
| Debtors turnover | 5.90 | 6.38 | 5.99 | 4.77 | 3.19 |
| EPS (₹) | 0.74 | (1.27) | (3.07) | (1.03) | (4.50) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 27.85 | 15.63 | 13.47 | 12.68 | 12.51 |
Peer Comparison of Aequs Limited
Aequs Limited is compared with the companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing, Cold Storage and Warehousing, Toys Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aequs Limited this company | ₹1,230.44 Cr (FY 2026) | •••• | •••• | 33.1% | •••• | Bangalore, Karnataka, India |
| K Raheja Corp Real Estate Private Limited | ₹1,120.18 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Mumbai, Maharashtra, India |
| Patanjali Parivahan Private Limited | ₹1,111.53 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Haridwar, Uttarakhand, India |
| GTN Engineering(India) Limited | ₹1,044.07 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Telangana, India |
| Express Roadways Private Limited | ₹1,005.2 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Unipol India Private Limited | ₹968.43 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Delhi, India |
| Aachi Special Foods Private Limited | ₹866.99 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Maruti Integrated Logistics Limited | ₹833.92 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Rajkot, Gujarat, India |
| N D R Ware Housing Private Limited | ₹825.81 Cr (FY 2024) | •••• | •••• | 2190.0% | •••• | Chennai, Tamil Nadu, India |
| Kintetsu World Express (India) Private Limited | ₹820.57 Cr (FY 2022) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Niket Food Products Private Limited | ₹789.68 Cr (FY 2025) | •••• | •••• | 84.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Aequs by revenue in the Aviation industry (Aircraft and Components Manufacturing, Cold Storage and Warehousing, Toys 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 Aequs Limited
Aequs Limited is audited by B S R & Co. LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history
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.
| 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 8 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 | 14 Years 11 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 5 Months | Current |
| Ajay Aravind Prabhu | Director | 31 Jul 2003 | 23 Years 2 Months | Current |
| Aravind Shivaputrappa Melligeri Also directs: Quest Global Engineering Services Limited, Invest Karnataka Forum | Ceo | 13 May 2025 | 1 Years 4 Months | Current |
| Eberhard Klaus Richter | Director | 24 Jun 2021 | 5 Years 3 Months | Current |
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%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.10% | 59.10% | 59.10% | 59.10% |
| Public | 40.90% | 40.90% | 40.90% | 40.90% |
Charges & Borrowings of Aequs Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2025 | Others | ₹9 Cr | Open |
| 14 Nov 2018 | Hdfc Bank Limited | ₹30 Cr | Open |
| 23 Sep 2020 | Hdfc Bank Limited | ₹5.38 Cr | Satisfied |
| 12 Dec 2017 | Others | ₹23.3 Cr | Satisfied |
| 28 Jul 2015 | Siemens Financial Services Private Limited | ₹86.5 Lakh | Satisfied |
Total charge records: 18 View all charges
Deals & Funding of Aequs Limited
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.
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 |
Full deal history
All 94 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Aequs Limited
Aequs Limited has 16 court cases on record: 11 filed by Aequs, 1 filed against it, 4 where it is another party. All cases are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Aequs Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Aequs Limited
Aequs Limited has a workforce of 175 employees as of Nov 24, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
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.
| Company Name | CIN | Shares Held |
|---|---|---|
| Aequs Engineered Plastics Private Limited | U22209KA2015PTC078777 | - |
| Aequs Rajas Extrusion Private Limited | U25200KA2021PTC148763 | - |
| Aequs Toys Private Limited | U26400KA2021PTC150503 | - |
| Aequs Force Consumer Products Private Limited | U28191KA2018PTC114901 | - |
| Aequs Consumer Products Private Limited | U28995KA2019PTC129087 | - |
| Aerostructures Manufacturing India Private Limited | U29253KA2013PTC067763 | - |
Showing major subsidiaries. Total: 12.
Name History of Aequs Limited
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 of Aequs Limited
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.
| CIN | Status |
|---|---|
| L80302KA2000PLC026760 | Current |
| U80302KA2000PLC026760 | Previous |
| U80302KA2000PTC026760 | Previous |
News related to Aequs Limited
Recent Activity on Aequs Limited
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.
48 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aequs Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aequs Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aequs Limited
Aequs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM3073E1ZL | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aequs Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aequs Limited
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 L80302KA2000PLC026760.
Aequs reported revenue of ₹1,230.44 Cr for FY 2025-26 (up 33.1% YoY) based on consolidated financials.
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 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 has 16 court cases on record: 11 filed by the company and 1 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.
The peers of Aequs by revenue are K Raheja Corp Real Estate Private Limited, Patanjali Parivahan Private Limited, GTN Engineering(India) Limited, Express Roadways Private Limited, Unipol India Private Limited and 5 more, all in the Aviation industry (Aircraft and Components Manufacturing, Cold Storage and Warehousing, Toys Manufacturers).
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.