Startup India Government of India
Arovea Pinnacle Private Limited - aerospace, maritime and defense in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹1.97 Cr
▲ 18% YoY
Net loss · FY 2021
₹34.71 Lakh
Net margin -17.6%
EBITDA · FY 2021
-₹32.38 Lakh
EBITDA margin -16.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹4.25 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
32
Provident fund records
About Arovea Pinnacle Private Limited
Data last updated:
Arovea Pinnacle Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 04 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28999KA2017PTC108407. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Niranjan Menta Varun Kumar and Sreelakshmi Honenahalli Nagaraj.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at #451 Abhyudhaya 2nd Floor 18th Main Jayanagara 4th T Block, Bangalore, Karnataka, India – 560041.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.97 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹34.71 Lakh (net margin -17.6%) and EBITDA of -₹32.38 Lakh (EBITDA margin -16.4%).
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.25 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Arovea Pinnacle Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0016824). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ap2l.in.
Company details
CIN U28999KA2017PTC108407
Registration Number 108407
Incorporation Date 04 December 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0016824
Recognitions & Rankings of Arovea Pinnacle
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0016824
Contact details
Arovea Pinnacle Private Limited's registered office is in Bangalore, Karnataka. Its website is ap2l.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#451 Abhyudhaya 2nd Floor 18th Main Jayanagara 4th T Block, Bangalore, Karnataka, India – 560041
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
To see the full contact details of Arovea Pinnacle Private Limited, buy the company report.
Comprehensive company report
Arovea Pinnacle Private Limited - one report that includes everything
- 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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Business activity
The main business activity of Arovea Pinnacle is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Arovea Pinnacle Private Limited, buy the company report.
Financials of Arovea Pinnacle Private Limited
FY 2021 filings availableArovea Pinnacle Private Limited reported revenue of ₹1.97 Cr (up 18% YoY) for FY 2021.
Revenue · FY 2021
₹1.97 Cr ▲ 18%
Net loss · FY 2021
₹34.71 Lakh margin -17.6%
EBITDA · FY 2021
-₹32.38 Lakh margin -16.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▼ 49%
Revenue rose 18% in the latest year. EBITDA rose 32% 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.97 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹32.38 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹34.71 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -16.4% | |||
| Net Profit Margin | -17.6% | |||
| 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 | ||||
To see the full financial statements and ratios of Arovea Pinnacle Private Limited, buy the company report.
Board of directors of Arovea Pinnacle Private Limited
Arovea Pinnacle has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niranjan Menta Varun Kumar Also directs: Aantharya Media Private Limited | Director | 04 Dec 2017 | 8 Years 10 Months | Current |
| Sreelakshmi Honenahalli Nagaraj Also directs: Aantharya Media Private Limited | Director | 04 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Arovea Pinnacle Private Limited is audited by N S HEGDE & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S HEGDE & ASSOCIATES | FY 2021 | 018390S |
Shareholding
The shareholding of Arovea Pinnacle Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Arovea Pinnacle Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2019 | 100238743 | Others | ₹4.25 Cr | Open |
To see the full charge records of Arovea Pinnacle Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Arovea Pinnacle Private Limited has 2 court cases on record: 2 filed by Arovea Pinnacle. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against Punjab National Bank, and 2 others | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against Punjab National Bank and 2 others | Disposed |
To see the full case history of Arovea Pinnacle Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Arovea Pinnacle Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arovea Pinnacle Private Limited has a workforce of 32 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
-40.74%
GST
Arovea Pinnacle has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Arovea Pinnacle Private Limited, buy the company report.
Recent activity
Arovea Pinnacle Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Niranjan Menta Varun Kumar was appointed as Director on 04 Dec 2017.
AGM
Arovea Pinnacle Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Arovea Pinnacle Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.
Charges
A charge with Others of Rs. 425.00 Lakh registered on 12 Feb 2019 with Charge ID 100238743 was modified on 22 Jul 2020.
Charges
A charge with Others amounted to Rs. 425.00 Lakh with Charge ID 100238743 was registered on 12 Feb 2019.
Appointed
Niranjan Menta Varun Kumar was appointed as Director.
Appointed
Sreelakshmi Honenahalli Nagaraj was appointed as Director.
Incorporation
04 Dec 2017
Arovea Pinnacle Private Limited was registered on 04 Dec 2017 with Roc Bangalore & aged 8 years 10 months as per MCA records.
Frequently asked questions
Arovea Pinnacle is an active private limited company based in Bangalore, Karnataka, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 04 December 2017 (9+ years old) and is registered under CIN U28999KA2017PTC108407.
Arovea Pinnacle has 2 current directors:
- Niranjan Menta Varun Kumar - Director
- Sreelakshmi Honenahalli Nagaraj - Director
The latest financial statements of Arovea Pinnacle on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2018 are in the company report.
No. Arovea Pinnacle has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Arovea Pinnacle is U28999KA2017PTC108407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arovea Pinnacle has 2 court cases on record: 2 filed by the company.
Arovea Pinnacle was incorporated on 04 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Niranjan Menta Varun Kumar was appointed as Director on 04 Dec 2017. Sreelakshmi Honenahalli Nagaraj was appointed as Director on 04 Dec 2017.
Yes, Arovea Pinnacle is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Arovea Pinnacle is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0016824).
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