About Aery Elevators Private Limited
Data last updated:
Aery Elevators Private Limited is a private limited company based in Mira Road, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 08 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29150MH2006PTC159592. Its GSTIN is 27AAFCA5690Q2ZX (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Udita Uday Ghadigaonkar and Uday Ramkrishna Ghadigaonkar.
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 Mira Road, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.49 Lakh, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹8.94 Lakh (net margin -14.1%) and EBITDA of -₹8.79 Lakh (EBITDA margin -13.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹65.76 Lakh 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 aeryelevator.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGala No. 208 2nd Floor Nikisha Industrial Estate Bldg.No.2 Pandurangwadi Saibaba Nagar Mi, Ra Road(E), Mira Road, Maharashtra, India – 401107
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Aery Elevators Private Limited
The main business activity of Aery Elevators is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | 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 Aery Elevators Private Limited FY 2025 filings available
Aery Elevators Private Limited reported revenue of ₹63.49 Lakh (up 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Aery Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 17% growth in the latest year. EBITDA fell 310% 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 Aery Elevators Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹8.79 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.94 Lakh | •••• | •••• | •••• | •••• |
| 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 Aery Elevators Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -14.1% | •••• | •••• | •••• | •••• |
| 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 Aery Elevators 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 Aery Elevators Private Limited
Aery Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sanway Elevators (E & W) Private Limited | ₹65.38 Lakh (FY 2024) | •••• | •••• | -18.0% | •••• | Amravati, Maharashtra, India |
| Ut Ltd | ₹64.52 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | Kolkata, West Bengal, India |
| Sumo Pullman Private Limited | ₹64.47 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | Kolkata, West Bengal, India |
| Futura Conveyor System Private Limited | ₹64.45 Lakh (FY 2025) | •••• | •••• | -38.0% | •••• | Mumbai, Maharashtra, India |
| Bird Engineering Private Limited | ₹63.95 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Aery Elevators Private Limited this company | ₹63.49 Lakh (FY 2024) | •••• | •••• | 17.0% | •••• | Mira Road, Maharashtra, India |
| Krupa Hydro Pneumatic System Private Limited | ₹63.46 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Vadodara, Gujarat, India |
| Annai Engineering O&M Service Private Limited | ₹63.29 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Ariel Elevators Private Limited | ₹62.95 Lakh (FY 2021) | •••• | •••• | -17.0% | •••• | Pune, Maharashtra, India |
| Avadhesh Engineering Equipments & Services Private Limited | ₹62.92 Lakh (FY 2025) | •••• | •••• | 369.0% | •••• | New Delhi, Delhi, India |
| Risegrid Engineering Private Limited | ₹62.55 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Aery Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 Aery Elevators Private Limited
Aery Elevators Private Limited is audited by N K MITTAL & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N K MITTAL & ASSOCIATES | 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 Aery Elevators Private Limited
Aery Elevators has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udita Uday Ghadigaonkar | Director | 21 Nov 2018 | 7 Years 10 Months | Current |
| Uday Ramkrishna Ghadigaonkar | Director | 08 Feb 2006 | 20 Years 8 Months | Current |
Ownership and Shareholding of Aery Elevators 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 Aery Elevators Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jun 2024 | Others | ₹15.8 Lakh | Open |
| 16 Jul 2014 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹15 Lakh | Open |
| 19 Oct 2012 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹34.96 Lakh | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Aery Elevators Private Limited
Employment history and EPFO contributions of people linked to Aery Elevators.
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 Aery Elevators Private Limited
Aery Elevators Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Santosh Baban Sagvekar ceased to be Director on 22 Nov 2018.
Credit Ratings, Litigation & Regulatory Alerts for Aery Elevators 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.
MSME Payment Delays by Aery Elevators Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aery Elevators 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 Aery Elevators Private Limited
Aery Elevators has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA5690Q2ZX | Maharashtra | Active | 13 Sep 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 Aery Elevators 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 Aery Elevators Private Limited
Aery Elevators is an active private limited company based in Mira Road, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 08 February 2006 (20+ years old) and is registered under CIN U29150MH2006PTC159592.
Aery Elevators reported revenue of ₹63.49 Lakh for FY 2024 (up 17% YoY).
Aery Elevators has 2 current directors:
- Udita Uday Ghadigaonkar - Director
- Uday Ramkrishna Ghadigaonkar - Director
Aery Elevators reported a net loss of ₹8.94 Lakh (net margin -14.1%) and EBITDA of -₹8.79 Lakh (EBITDA margin -13.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aery Elevators is 6% over three years and 14% over five years. In the latest year (FY 2024) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aery Elevators is 27AAFCA5690Q2ZX, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Aery Elevators is U29150MH2006PTC159592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aery Elevators was incorporated on 08 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Aery Elevators by revenue are Sanway Elevators (E & W) Private Limited, Ut Ltd, Sumo Pullman Private Limited, Futura Conveyor System Private Limited, Bird Engineering Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Santosh Baban Sagvekar ceased to be Director on 22 Nov 2018. Udita Uday Ghadigaonkar was appointed as Director on 21 Nov 2018. Uday Ramkrishna Ghadigaonkar was appointed as Director on 08 Feb 2006.
Aery Elevators can be reached through the website aeryelevator.com. Its registered office is in Mira Road, Maharashtra, India.