About Aequs Limited
Data last updated: 07 May 2026
Aequs Limited is a public limited company based in Bangalore North, Karnataka, India, a subsidiary of Aequs Manufacturing Investments Private Limited. It specialises in toy manufacturing, a part of the broader consumer goods sector. Incorporated on 27 March 2000, the company has been in operation for over 26 years.
Registered with ROC Bangalore under CIN U80302KA2000PLC026760. Listed.
Capital: an authorised share capital of ₹1,014.63 Cr and a paid-up capital of ₹670.67 Cr. Formerly known as Mechanical Training Acadamy Private Limited and Quest Global Manufacturing Private Limited. It is led by directors including Vidya Sarathy and Rajeev Kaul.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore North, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹959.21 Cr, a decline of 3% compared to the previous year.
The company has a workforce of approximately 175 employees as per the latest available data. It operates as a subsidiary of Aequs Manufacturing Investments Private Limited.
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.
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Registered AddressAequs Tower No. 55 Whitefield Main Road, Mahadevapura Post, Bangalore North, Karnataka, India – 560048
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IndustryConsumer Goods, Toy Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Aequs Limited
Aequs Limited has undergone 4 name changes throughout its history. The current legal name is Aequs Limited, reflecting the company's evolution and rebranding over time.
| 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 Limited 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 |
Competitors & Alternatives of Aequs Limited
Brands and companies operating in the same space as Aequs Limited include Precision Aerospace Group.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Precision Aerospace Group
|
Aerospace and government contracting services are provided by the group. | Aventura, United States, United States | 1945 |
Auditor Details of Aequs Limited
Aequs Limited is audited by BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Aequs Limited
Aequs Limited is currently managed by 9 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| 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 5 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 8 Months | Current |
|
Anup Wadhawan
Also directs:
Glaxosmithkline Pharmaceuticals Limited, Yatra Online Limited, Globe All India Services Limited and 5 more
|
Director | 25 Apr 2025 | 1 Years 2 Months | Current |
| Ajay Aravind Prabhu | Director | 31 Jul 2003 | 22 Years 11 Months | Current |
|
Aravind Shivaputrappa Melligeri
Also directs:
Invest Karnataka Forum
|
Ceo | 13 May 2025 | 1 Years 1 Months | Current |
| Eberhard Klaus Richter | Director | 24 Jun 2021 | 5 Years 0 Months | Current |
Financials of Aequs Limited FY 2026 filings available
Aequs Limited reported revenue of ₹1,230.44 Cr (up ) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹1,230.44 Cr |
| Other Income | ₹65.38 Cr |
| Total Income | ₹1,295.82 Cr |
| Cost of Materials Consumed | ₹522.31 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | -₹27.52 Cr |
| Employee Benefit Expense | ₹212.18 Cr |
| Finance Costs | ₹92.35 Cr |
| Depreciation & Amortisation | ₹137.69 Cr |
| Other Expenses | ₹434.4 Cr |
| Total Expenses | ₹1,371.41 Cr |
| Profit Before Exceptional Items & Tax | -₹75.6 Cr |
| Exceptional Items | ₹4.06 Cr |
| Profit Before Tax | -₹71.54 Cr |
| Total Tax Expense | ₹41.76 Cr |
| Net Profit | -₹113.25 Cr |
| attributable to Owners | -₹113.25 Cr |
| attributable to NCI | ₹20,000 |
| Other Comprehensive Income | -₹32.1 Cr |
| Total Comprehensive Income | -₹145.35 Cr |
| EBITDA (computed) | ₹154.45 Cr |
| Basic EPS | ₹-1.87 |
| Diluted EPS | ₹-1.87 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹2,690.47 Cr |
| Non-current Assets | ₹1,387.44 Cr |
| Current Assets | ₹1,303.03 Cr |
| Property, Plant & Equipment | ₹1,046.55 Cr |
| Inventories | ₹567.44 Cr |
| Trade Receivables | ₹264.61 Cr |
| Cash & Equivalents | ₹301.49 Cr |
| Equity (Net Worth) | ₹1,485.55 Cr |
| Equity Share Capital | ₹670.67 Cr |
| Borrowings (Non-current) | ₹100.17 Cr |
| Borrowings (Current) | ₹303.41 Cr |
| Total Debt (computed) | ₹403.58 Cr |
| Current Liabilities | ₹822.65 Cr |
| Total Liabilities | ₹1,204.92 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | -₹98.75 Cr |
| Investing Cash Flow | -₹370.7 Cr |
| Financing Cash Flow | ₹703.97 Cr |
| Capital Expenditure | ₹342.55 Cr |
| Free Cash Flow (computed) | -₹441.3 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹240.55 Cr |
| Metrics | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Revenue from Operations | ₹367.1 Cr | ₹326.17 Cr |
| Other Income | ₹27.94 Cr | ₹9.06 Cr |
| Total Income | ₹395.04 Cr | ₹335.23 Cr |
| Cost of Materials Consumed | ₹160.9 Cr | ₹128.52 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 |
| Changes in Inventories | -₹10.77 Cr | -₹1.32 Cr |
| Employee Benefit Expense | ₹62.01 Cr | ₹56.06 Cr |
| Finance Costs | ₹35.84 Cr | ₹20.77 Cr |
| Depreciation & Amortisation | ₹45.5 Cr | ₹35.04 Cr |
| Other Expenses | ₹150.76 Cr | ₹113.89 Cr |
| Total Expenses | ₹444.24 Cr | ₹352.96 Cr |
| Profit Before Exceptional Items & Tax | -₹49.2 Cr | -₹17.73 Cr |
| Exceptional Items | ₹15.92 Cr | -₹15.25 Cr |
| Profit Before Tax | -₹33.28 Cr | -₹32.97 Cr |
| Total Tax Expense | ₹20.81 Cr | ₹9.68 Cr |
| Net Profit | -₹53.72 Cr | -₹42.68 Cr |
| attributable to Owners | -₹53.72 Cr | -₹42.68 Cr |
| attributable to NCI | ₹0 | ₹30,000 |
| Other Comprehensive Income | ₹7.23 Cr | -₹2.85 Cr |
| Total Comprehensive Income | -₹46.49 Cr | -₹45.53 Cr |
| EBITDA (computed) | ₹32.14 Cr | ₹38.08 Cr |
| Basic EPS | ₹-0.81 | ₹-0.70 |
| Diluted EPS | ₹-0.81 | ₹-0.70 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Aerospace | ₹303.95 Cr | ₹100.99 Cr | ₹1,378.34 Cr | ₹474.2 Cr |
| Consumer | ₹63.15 Cr | -₹47.31 Cr | ₹1,286.86 Cr | ₹720.29 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Aerospace | ₹1,046.38 Cr | ₹281.27 Cr | - | - |
| Consumer | ₹184.06 Cr | -₹78.27 Cr | - | - |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹123.86 Cr |
| Other Income | ₹54.53 Cr |
| Total Income | ₹178.39 Cr |
| Cost of Materials Consumed | ₹54.31 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | -₹1.29 Cr |
| Employee Benefit Expense | ₹23.62 Cr |
| Finance Costs | ₹8.85 Cr |
| Depreciation & Amortisation | ₹9.45 Cr |
| Other Expenses | ₹46.16 Cr |
| Total Expenses | ₹141.11 Cr |
| Profit Before Exceptional Items & Tax | ₹37.28 Cr |
| Exceptional Items | ₹18.75 Cr |
| Profit Before Tax | ₹56.03 Cr |
| Total Tax Expense | ₹6.23 Cr |
| Net Profit | ₹49.8 Cr |
| Other Comprehensive Income | ₹11.5 Lakh |
| Total Comprehensive Income | ₹49.91 Cr |
| EBITDA (computed) | ₹55.59 Cr |
| Basic EPS | ₹0.82 |
| Diluted EPS | ₹0.81 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹1,996.82 Cr |
| Non-current Assets | ₹1,779.98 Cr |
| Current Assets | ₹216.83 Cr |
| Property, Plant & Equipment | ₹12.33 Cr |
| Inventories | ₹44.46 Cr |
| Trade Receivables | ₹24.86 Cr |
| Cash & Equivalents | ₹99.88 Cr |
| Equity (Net Worth) | ₹1,867.7 Cr |
| Equity Share Capital | ₹670.67 Cr |
| Borrowings (Non-current) | ₹0 |
| Borrowings (Current) | ₹11.51 Cr |
| Total Debt (computed) | ₹11.51 Cr |
| Current Liabilities | ₹75.95 Cr |
| Total Liabilities | ₹129.12 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | -₹4.79 Cr |
| Investing Cash Flow | -₹792.95 Cr |
| Financing Cash Flow | ₹880.8 Cr |
| Capital Expenditure | ₹10.24 Cr |
| Free Cash Flow (computed) | -₹15.04 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹83.06 Cr |
| Metrics | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Revenue from Operations | ₹36.71 Cr | ₹30.9 Cr |
| Other Income | ₹31.96 Cr | ₹9.29 Cr |
| Total Income | ₹68.67 Cr | ₹40.19 Cr |
| Cost of Materials Consumed | ₹19.09 Cr | ₹12.86 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 |
| Changes in Inventories | -₹1.99 Cr | -₹1.07 Cr |
| Employee Benefit Expense | ₹6.74 Cr | ₹6.16 Cr |
| Finance Costs | ₹2.82 Cr | ₹1.65 Cr |
| Depreciation & Amortisation | ₹2.36 Cr | ₹2.35 Cr |
| Other Expenses | ₹14.48 Cr | ₹11.92 Cr |
| Total Expenses | ₹43.5 Cr | ₹33.87 Cr |
| Profit Before Exceptional Items & Tax | ₹25.17 Cr | ₹6.32 Cr |
| Exceptional Items | ₹32.43 Cr | -₹13.68 Cr |
| Profit Before Tax | ₹57.59 Cr | -₹7.36 Cr |
| Total Tax Expense | ₹5.43 Cr | -₹98 Lakh |
| Net Profit | ₹52.16 Cr | -₹6.38 Cr |
| Other Comprehensive Income | ₹45.4 Lakh | -₹33.9 Lakh |
| Total Comprehensive Income | ₹52.62 Cr | -₹6.72 Cr |
| EBITDA (computed) | ₹30.35 Cr | ₹10.32 Cr |
| Basic EPS | ₹0.86 | ₹-0.10 |
| Diluted EPS | ₹0.85 | ₹-0.10 |
Board & Governance of Aequs Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Aequs Limited has 6 directors - 3 independent and 2 executive. The board is chaired by Aravind Shivaputrappa Melligeri.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Aravind Shivaputrappa Melligeri | Executive Director · CEO · Chairperson | 2000-03-27 | 1 |
| Rajeev Kaul | Executive Director · MD | 2011-11-02 | 1 |
| Ajay Aravind Prabhu | Non-Executive - Non Independent Director | 2003-07-31 | 1 |
| Eberhard Klaus Richter | Non-Executive - Independent Director | 2021-06-24 | 1 |
| Anup Wadhawan | Non-Executive - Independent Director | 2025-04-25 | 3 |
| Vidya Sarathy | Non-Executive - Independent Director | 2025-01-31 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Vidya Sarathy (Chairperson), Anup Wadhawan, Rajeev Kaul |
| Nomination and remuneration committee | Eberhard Klaus Richter (Chairperson), Ajay Aravind Prabhu, Anup Wadhawan |
| Stakeholders Relationship Committee | Anup Wadhawan (Chairperson), Aravind Shivaputrappa Melligeri, Rajeev Kaul |
| Risk Management Committee | Vidya Sarathy (Chairperson), Eberhard Klaus Richter, Rajeev Kaul |
| Corporate Social Responsibility Committee | Ajay Aravind Prabhu (Chairperson), Rajeev Kaul, Anup Wadhawan |
| Independent Director Committee | Eberhard Klaus Richter, Anup Wadhawan, Vidya Sarathy (Chairperson) |
| IPO Committee | Aravind Shivaputrappa Melligeri (Chairperson), Rajeev Kaul, Vidya Sarathy |
| Administrative Committee | Ajay Aravind Prabhu, Rajeev Kaul |
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
Employees and EPFO Compliance at Aequs Limited
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Employee Count & EPFO Data of Aequs Limited
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GST Compliance of Aequs Limited
GSTIN & GST Filing Data of Aequs Limited
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Credit Ratings, Litigation & Regulatory Alerts for Aequs Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Aequs Limited
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MSME Payment Delays by Aequs Limited
MSME Payment Delays by Aequs Limited
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Subsidiaries & Group Companies of Aequs Limited
Subsidiaries & Group Companies of Aequs Limited
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MCA Filings & Documents of Aequs Limited
MCA Filings & Documents of Aequs Limited
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Recent Activity on Aequs Limited
Recent News on Aequs Limited
Frequently Asked Questions about Aequs Limited
Aequs Limited is an active public limited company in the consumer goods sector based in Bangalore North, Karnataka, India. It was incorporated on 27 March 2000 (26+ years old) and is registered under CIN L80302KA2000PLC026760. The company has 175 employees.
Aequs Limited reported revenue of ₹959.21 Cr for FY 2025 (down 3.00% YoY).
The current directors of Aequs Limited are:
- Vidya Sarathy
- Rajeev Kaul
- Anup Wadhawan
- Ajay Aravind Prabhu
- Aravind Shivaputrappa Melligeri
- Eberhard Klaus Richter
- Aravind S Melligeri
- Ravi Mallikarjun Hugar
- Dinesh Venkatachalam Iyer
The primary industry of Aequs Limited is consumer goods. The company specifically operates in toy manufacturing. The company is currently active in this sector.
Yes, Aequs Limited is a listed company.
Aequs Limited can be reached at the registered office: Aequs Tower No. 55 Whitefield Main Road, Mahadevapura Post, Bangalore North, Karnataka, India – 560048, or through the website aequs.com.