About Aequs Sez Private Limited
Data last updated:
Aequs Sez Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Aequs Infrastructures Private Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 18 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45202KA2007PTC043154. Its GSTIN is 29AAACQ1552A1ZV (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹40.62 Cr and a paid-up capital of ₹39.38 Cr. It was formerly known as Quest Sez Development Private Limited and Quest Global Sez Private Limited. It is led by directors including Annapa Santhekadur Vikram (Managing Director) and Shravankumar Prakash Kulkarni.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 55 Whitefield Main Road Mahadevapura Post, Bengaluru, Karnataka, India – 560048.
As per the financials filed for FY 2025, the company reported a revenue of ₹141.2 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹9.9 Cr (net margin 7%) and EBITDA of ₹81.4 Cr (EBITDA margin 57.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over five years.
The company has about 85 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Aequs. As per MCA filings, the company has open charges of ₹799.1 Cr and satisfied charges of ₹713.87 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 1 filed against it; 5 cases are pending. The company has 18 deals on record (7 secondary share transfers, 5 funding rounds, 4 rights issues), with disclosed funding of ₹85.71 Cr; the latest was in October 2021. Its 10 peer companies in the Infrastructure industry (Infrastructure Services) are compared by revenue, 5 larger and 5 smaller; the largest is K2 Infragen Limited. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 784 overdue payments to 60 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 AddressNo. 55 Whitefield Main Road Mahadevapura Post, Bengaluru, Karnataka, India – 560048
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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
- One PDF report, delivered after checkout
Business Activity of Aequs Sez Private Limited
The main business activities of Aequs Sez are electricity, gas, steam and air condition supply and construction. In detail, this covers electric power generation, transmission and distribution and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Aequs Sez Private Limited FY 2025 filings available
Aequs Sez Private Limited reported revenue of ₹141.2 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aequs Sez Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 13% 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 Aequs Sez Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹81.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.9 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 of Aequs Sez Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7% | •••• | •••• | •••• | •••• |
| 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 Aequs Sez are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aequs Sez Private Limited
Aequs Sez Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K2 Infragen Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| DK Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Leela Lace Holdings Private Limited | •••• | •••• | •••• | •••• | 42 | Mumbai, Maharashtra, India |
| Singla Constructions Limited | •••• | •••• | •••• | •••• | 14 | Chandigarh, India |
| Ace Urban Developers Private Limited | •••• | •••• | •••• | •••• | 12 | Machilipatnam, Andhra Pradesh, India |
| Aequs Sez Private Limited this company | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Il&Fs Paradip Refinery Water Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Genus Assam Package-4 SPV Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| BPL Limited Listed | •••• | •••• | •••• | •••• | 122 | Palakkad, Kerala, India |
| S.V. Multi Logi-Tech Private Limited | •••• | •••• | •••• | •••• | - | Rangareddy District, Telangana, India |
| Sical Infra Assets Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Aequs Sez by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Aequs Sez Private Limited
Aequs Sez Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants 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 of Aequs Sez Private Limited
Aequs Sez has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shravankumar Prakash Kulkarni | Director | 25 Jul 2023 | 3 Years 2 Months | Current |
| Basavaraj Sugandhi | Director | 03 Dec 2021 | 4 Years 10 Months | Current |
| Annapa Santhekadur Vikram | Managing Director | 23 Jan 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of Aequs Sez Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aequs Sez Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Sep 2025 | Canara Bank | ₹16.45 Lakh | Open |
| 28 Aug 2025 | Others | ₹20 Cr | Open |
| 24 Jun 2025 | Others | ₹8 Cr | Open |
| 13 Feb 2025 | Canara Bank | ₹26 Lakh | Open |
| 24 Dec 2024 | Canara Bank | ₹4.7 Cr | Open |
Total charge records: 62 View all charges
Deals & Funding of Aequs Sez Private Limited
Aequs Sez Private Limited has 18 deals on record (7 secondary share transfers, 5 funding rounds, 4 rights issues), with disclosed funding of ₹85.71 Cr; the latest was in October 2021.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Aequs Infrastructures Private Limited Seller: Aequs Engineered Plastics Private Limited |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Aequs Engineered Plastics Private Limited Seller: Aequs Infrastructures Private Limited |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Aequs Infrastructures Private Limited Seller: Aequs Limited |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Melligeri Investments and Consultancy LLP |
| Mar 2013 | Funding round | ₹8.25 Cr | Investors: Aequs Infrastructures Private Limited, Melligeri Investments and Consultancy LLP |
Full deal history
All 18 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 Sez Private Limited
Aequs Sez Private Limited has 15 court cases on record: 6 filed by Aequs Sez, 1 filed against it, 8 where it is another party. 5 cases are pending and 10 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 1 | 2 |
| High courts | 5 | 0 | 3 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Civil suit | Filed against the company by Watermark Insights India Private Limited | Pending |
| District court, KOPPAL, Karnataka | Civil suit | Company is another party | Pending |
| High Court of Karnataka | Writ petition | Company is another party | Pending |
| District court, KOPPAL, Karnataka | Civil suit | Company is another party | Disposed |
| District court, BELAGAVI, Karnataka | Civil suit | Company is another party | Disposed |
Full case history
All 15 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 Sez Private Limited
Aequs Sez Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 784 overdue payments to 60 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 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Siddharth Pipe Corporation | •••• | •••• | •••• |
| Nichrome Testing Laboratory and Research Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Garnier Seatings | •••• | •••• | •••• |
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 Sez Private Limited
Aequs Sez Private Limited has a workforce of 85 employees as of Apr 04, 2024.
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 Sez Private Limited
Aequs Sez has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Industrial Knowledge Centre Private Limited | U74999KA2016PTC097158 | Locked |
Showing major subsidiaries. Total: 1.
Name History of Aequs Sez Private Limited
Aequs Sez has undergone 2 name changes throughout its history. The company was previously known as Quest Sez Development Private Limited, and Quest Global Sez Private Limited. The current legal name is Aequs Sez Private Limited.
| Company Name | Status |
|---|---|
| Aequs Sez Private Limited | Current |
| Quest Sez Development Private Limited | Previous |
| Quest Global Sez Private Limited | Previous |
News related to Aequs Sez Private Limited
Recent Activity on Aequs Sez Private Limited
Aequs Sez Private Limited has 23 board changes on record since 2008: 3 appointments and 20 cessations. The latest: Shravankumar Prakash Kulkarni ceased to be Additional Director on 29 Sep 2023.
138 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aequs Sez Private 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 Sez Private 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 Sez Private Limited
Aequs Sez has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ1552A1ZV | Karnataka | Active | 01 Jul 2017 |
| 29AAACQ1552A2ZU | Karnataka | Active | 26 Dec 2019 |
| 29AAACQ1552A3ZT | Karnataka | Active | 03 Jun 2021 |
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 Sez Private 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 Sez Private Limited
Aequs Sez is an active private limited company based in Bengaluru, Karnataka, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 18 June 2007 (19+ years old) and is registered under CIN U45202KA2007PTC043154.
Aequs Sez reported revenue of ₹141.2 Cr for FY 2025 (down 3% YoY).
Aequs Sez has 3 current directors:
- Annapa Santhekadur Vikram - Managing Director
- Shravankumar Prakash Kulkarni - Director
- Basavaraj Sugandhi - Director
Aequs Sez reported a net profit of ₹9.9 Cr (net margin 7%) and EBITDA of ₹81.4 Cr (EBITDA margin 57.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aequs Sez is 12% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aequs Sez is 29AAACQ1552A1ZV, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAACQ1552A2ZU (Karnataka), 29AAACQ1552A3ZT (Karnataka).
The CIN (Corporate Identification Number) of Aequs Sez is U45202KA2007PTC043154. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aequs Sez has 15 court cases on record: 6 filed by the company and 1 filed against it. 5 are pending. Most are in the district courts.
Aequs Sez was incorporated on 18 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Aequs Sez has 18 deals on record (7 secondary share transfers, 5 funding rounds, 4 rights issues), with disclosed funding of ₹85.71 Cr; the latest was in October 2021.
The peers of Aequs Sez by revenue are K2 Infragen Limited, DK Infrastructure Private Limited, Leela Lace Holdings Private Limited, Singla Constructions Limited, Ace Urban Developers Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Shravankumar Prakash Kulkarni ceased to be Additional Director on 29 Sep 2023. Shravankumar Prakash Kulkarni was appointed as Director on 25 Jul 2023. Basavaraj Sugandhi ceased to be Additional Director on 27 Sep 2022. Aequs Sez has 23 board changes on record in total.