About Aerostructures Assemblies India Private Limited
Data last updated:
Aerostructures Assemblies India Private Limited is a private limited company based in Belgaum, Karnataka, India, a subsidiary of Aequs Private Limited. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 08 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29253KA2013PTC067804. Its GSTIN is 29AALCA3405H1ZQ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹28.86 Cr and a paid-up capital of ₹28.86 Cr. It is led by directors including Ashok Kumar Baweja and Mohan Shivamurthy Durvigere.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Aequs SEZ No. 437/A Hattargi Village Hukkeri Taluk, Belgaum, Karnataka, India – 591243.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.66 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹5.28 Cr (net margin 6%) and EBITDA of ₹8.95 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 38% over five years.
The company has about 80 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 ₹15 Cr and satisfied charges of ₹2.1 Cr on record. Court records list 1 case involving the company. The company has 12 deals on record (5 funding rounds, 5 secondary share transfers, 2 rights issues), with disclosed funding of ₹19.39 Cr; the latest was in February 2022. Its 10 peer companies in the Aviation industry (Aircraft and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Wipro Global Engineering and Electronic Materials Private Limited with revenue of ₹92.77 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 2 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 MediaLocked
- Registered AddressAequs SEZ No. 437/A Hattargi Village Hukkeri Taluk, Belgaum, Karnataka, India – 591243
- IndustryTransport and Logistics, Aircraft & Component 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
- One PDF report, delivered after checkout
Business Activity of Aerostructures Assemblies India Private Limited
The main business activity of Aerostructures Assemblies India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Aerostructures Assemblies India Private Limited FY 2025 filings available
Aerostructures Assemblies India Private Limited reported revenue of ₹88.66 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aerostructures Assemblies India Private Limited
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 38%. EBITDA fell 38% 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 Aerostructures Assemblies India 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 | ₹8.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.28 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 Aerostructures Assemblies India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6% | •••• | •••• | •••• | •••• |
| 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 Aerostructures Assemblies India 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited is compared with the companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wipro Global Engineering and Electronic Materials Private Limited | ₹92.77 Cr (FY 2025) | •••• | •••• | 33634.0% | •••• | Bangalore, Karnataka, India |
| Aerospace Engineers Private Limited | ₹92.1 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Salem, Tamil Nadu, India |
| Latecoere India Private Limited | ₹91.46 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Max Aerospace and Aviation Private Limited | ₹91.2 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Mumbai, Maharashtra, India |
| Ama Private Limited | ₹90.66 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Aerostructures Assemblies India Private Limited this company | ₹88.66 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Belgaum, Karnataka, India |
| Star Aerospace Limited | ₹87 Cr (FY 2025) | •••• | •••• | 133.0% | •••• | New Delhi, Delhi, India |
| Squad Forging India Private Limited | ₹86.28 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Belgaum, Karnataka, India |
| Lohia Aerospace Systems Private Limited | ₹78.14 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Kanpur, Uttar Pradesh, India |
| Sec Industries Private Limited | ₹78.1 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Telangana, India |
| GKN Aerospace Engine Systems India Private Limited | ₹77.72 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Aerostructures Assemblies India by revenue in the Aviation industry (Aircraft and Components Manufacturing), 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India 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 and KMP of Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited currently reports 5 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Baweja | Director | 22 Jul 2025 | 1 Years 2 Months | Current |
| Mohan Shivamurthy Durvigere | Director | 01 Mar 2025 | 1 Years 7 Months | Current |
| Shirish Ganamukhi Also directs: Aequs Engineered Plastics Private Limited | Director | 23 Apr 2022 | 4 Years 5 Months | Current |
| Chandana Patil | Company Secretary | 17 Jun 2021 | 5 Years 3 Months | Current |
| Harish Bang | Director | 22 Jul 2025 | 1 Years 2 Months | Current |
| Arunkumar S Kalanji | Director | 31 Jul 2024 | 2 Years 2 Months | Current |
Ownership and Shareholding of Aerostructures Assemblies India 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 Aerostructures Assemblies India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2021 | Hdfc Bank Limited | ₹15 Cr | Open |
| 19 May 2018 | Canara Bank | ₹2.1 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited has 12 deals on record (5 funding rounds, 5 secondary share transfers, 2 rights issues), with disclosed funding of ₹19.39 Cr; the latest was in February 2022.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Aequs Limited & Ravi Hugar, Aequs Limited Seller: Aequs Limited , Aequs Inc |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Aequs Limited Seller: Aerospace Manufacturing Holdings Private Limited |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Aequs Limited Seller: an individual |
| Aug 2020 | Funding round | ₹2.16 Cr | Investors: Aequs Limited , an individual |
| Aug 2019 | Funding round | ₹4.14 Cr | Investors: Aequs Limited , an individual |
Full deal history
All 12 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited has 1 court case on record: 1 where it is another party. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
Full case history
All 1 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 7 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Shri Balaji Hardware | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited has a workforce of 80 employees as of Apr 09, 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.
Recent Activity on Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India Private Limited has 22 board changes on record since 2014: 6 appointments and 16 cessations. The latest: Ashok Kumar Baweja ceased to be Additional Director on 26 Sep 2025.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aerostructures Assemblies India 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 Aerostructures Assemblies India 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCA3405H1ZQ | Karnataka | Active | 01 Jul 2017 |
| 29AALCA3405H2ZP | Karnataka | Active | 05 Apr 2019 |
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 Aerostructures Assemblies India 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 Aerostructures Assemblies India Private Limited
Aerostructures Assemblies India is an active private limited company based in Belgaum, Karnataka, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 08 February 2013 (13+ years old) and is registered under CIN U29253KA2013PTC067804.
Aerostructures Assemblies India reported revenue of ₹88.66 Cr for FY 2025 (down 16% YoY).
Aerostructures Assemblies India has 6 current directors and KMP:
- Ashok Kumar Baweja - Director
- Mohan Shivamurthy Durvigere - Director
- Shirish Ganamukhi - Director
- Harish Bang - Director
- Arunkumar S Kalanji - Director
- Chandana Patil - Company Secretary
Aerostructures Assemblies India reported a net profit of ₹5.28 Cr (net margin 6%) and EBITDA of ₹8.95 Cr (EBITDA margin 10.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aerostructures Assemblies India is 22% over three years and 38% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aerostructures Assemblies India is 29AALCA3405H1ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AALCA3405H2ZP (Karnataka).
The CIN (Corporate Identification Number) of Aerostructures Assemblies India is U29253KA2013PTC067804. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aerostructures Assemblies India has 1 court case on record.
Aerostructures Assemblies India was incorporated on 08 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Aerostructures Assemblies India has 12 deals on record (5 funding rounds, 5 secondary share transfers, 2 rights issues), with disclosed funding of ₹19.39 Cr; the latest was in February 2022.
The peers of Aerostructures Assemblies India by revenue are Wipro Global Engineering and Electronic Materials Private Limited, Aerospace Engineers Private Limited, Latecoere India Private Limited, Max Aerospace and Aviation Private Limited, Ama Private Limited and 5 more, all in the Aviation industry (Aircraft and Components Manufacturing).
Ashok Kumar Baweja ceased to be Additional Director on 26 Sep 2025. Harish Bang ceased to be Additional Director on 26 Sep 2025. Mohan Shivamurthy Durvigere ceased to be Additional Director on 26 Sep 2025. Aerostructures Assemblies India has 22 board changes on record in total.