MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0031063
Avasarala Technologies Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹50.11 Cr
▲ 53% YoY
Net profit · FY 2024
₹4.96 Cr
Net margin 9.9%
EBITDA · FY 2024
₹10.75 Cr
EBITDA margin 21.5%
Authorised capital
₹23 Cr
Registered with MCA
Paid-up capital
₹9.59 Cr
Issued & subscribed
Open charges
₹164.13 Cr
Satisfied ₹888.08 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
307
Provident fund records
About Avasarala Technologies Limited
Data last updated:
Avasarala Technologies Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 09 March 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1987PLC008228. Its GSTIN is 29AABCA2381E1ZX (Karnataka). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹9.59 Cr. It is led by directors including Thavuthkhanpet Thanigai Mani (Managing Director) and Ponnaluru Simhadri Reddy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 60 K Choodahalli Village Somanahalli Gate Kanakapura Main Road, Bangalore, Karnataka, India – 560082.
As per the financials filed for FY 2024, the company reported a revenue of ₹50.11 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹4.96 Cr (net margin 9.9%) and EBITDA of ₹10.75 Cr (EBITDA margin 21.5%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 10% over five years.
The company has about 307 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Avasarala. As per MCA filings, the company has open charges of ₹164.13 Cr and satisfied charges of ₹888.08 Cr on record. Court records list 38 cases involving the company, including 9 filed by the company and 31 filed against it; 11 cases are pending. The company has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹90.37 Cr; the latest was in March 2024.
Avasarala Technologies Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0031063). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avasarala.com.
Company details
CIN U85110KA1987PLC008228
Registration Number 008228
Incorporation Date 09 March 1987
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0031063
Key People
Thavuthkhanpet Thanigai Mani Managing Director Ponnaluru Simhadri Reddy Additional Director Priteesh Mahajan Additional Director Recognitions & Rankings of Avasarala Technologies
Contact details
Avasarala Technologies Limited's registered office is in Bangalore, Karnataka. Its website is avasarala.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 60 K Choodahalli Village Somanahalli Gate Kanakapura Main Road, Bangalore, Karnataka, India – 560082
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Avasarala Technologies Limited, buy the company report.
Comprehensive company report
Avasarala Technologies 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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Brands
Avasarala Technologies operates one associated brand: Avasarala. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specialized equipment for nuclear, aerospace, and medical sectors is manufactured. | avasarala.com |
Business activity
The main business activity of Avasarala Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, repair & installation of machinery & equipment, motor vehicles and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Avasarala Technologies Limited, buy the company report.
Financials of Avasarala Technologies Limited
FY 2024 filings availableAvasarala Technologies Limited reported revenue of ₹50.11 Cr (up 53% YoY) for FY 2024.
Revenue · FY 2024
₹50.11 Cr ▲ 53%
Net profit · FY 2024
₹4.96 Cr margin 9.9%
EBITDA · FY 2024
₹10.75 Cr margin 21.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▼ 15%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▲ 160%
3 years · compounded
▲ 10%
5 years · compounded
▲ 25%
Revenue rose 53% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 160% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹10.75 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹4.96 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.5% | ||||
| Net Profit Margin | 9.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Avasarala Technologies Limited, buy the company report.
Board of directors of Avasarala Technologies Limited
Avasarala Technologies has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ponnaluru Simhadri Reddy Also directs: Florintree Capital Partners LLP, Fern Tree Advisors LLP, Bhanix Finance and Investment Limited and 1 more | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
| Thavuthkhanpet Thanigai Mani | Managing Director | 09 Mar 1987 | 39 Years 7 Months | Current |
| Priteesh Mahajan | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
| Sneha Boyalla Also directs: Irya Developers LLP, Micronsure Consultancy Private Limited | Nominee Director | 10 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Avasarala Technologies Limited is audited by J SINGH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J SINGH & ASSOCIATES | FY 2021 | 110266W |
Shareholding
The shareholding of Avasarala Technologies Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Avasarala Technologies Limited, buy the company report.
Charges & borrowings
Open charges
₹164.13 Cr
Satisfied charges
₹888.08 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2025 | 101195847 | Others | ₹19 Cr | Open | |
| 22 Aug 2022 | 100617823 | Others | ₹30 Cr | Open | |
| 26 Mar 2011 | 10280727 | Indian Overseas Bank | ₹110.25 Cr | Open | |
| 08 Oct 1996 | 80065892 | Canara Bank | ₹4.86 Cr | Open | |
| 19 Aug 1987 | 80065893 | Canara Bank | ₹1.95 Lakh | Open |
To see the full charge records of Avasarala Technologies Limited, buy the company report.
Total charge records: 42 View all charges
Deals & funding
Avasarala Technologies Limited has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹90.37 Cr; the latest was in March 2024.
Total deals
10
Secondary share transfers
5
Funding rounds
4
Convertible or debt financing
1
Disclosed funding
₹90.37 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: K. Raghupathi HUF, 3 individuals |
| Jul 2022 | Funding round | ₹3.3 Cr | Investors: an individual |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Technology & Systems Inc, 3 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Avasarala Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avasarala Technologies Limited has 38 court cases on record: 9 filed by Avasarala Technologies, 31 filed against it. 11 cases are pending and 27 are disposed.
Total cases
38
Filed by the company
9
Filed against the company
31
Pending
11
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 25 | 9 |
| High courts | 7 | 3 | 2 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S Tritorc Equipments Pvt Ltd Through Its Authorized Director Mr Lavin Maheshlal Bhatia | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Thavuthkhanpet Thanigai Mani Suspended Director of Avasarala Technologies Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Ravi Sankar Devarankonda Irp of Avasarala Technologies Limited and 1 other | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by Avasarala Technologies Limited Rep by Its Executive Director Mr Priteesh Mahajan | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against Avasarala Technologies Limited Workers Union Citu Rep by Its General Secretary Mr John Aloysius | Disposed |
To see the full case history of Avasarala Technologies 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 Avasarala Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avasarala Technologies has 2 subsidiary companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Amr Space Products Private Limited | U29100KA2013PTC068370 | |
| Avasarala Automation Private Limited | U29253KA2012PTC062745 |
To see the full group structure of Avasarala Technologies Limited, buy the company report.
Employees & EPFO
Avasarala Technologies Limited has a workforce of 307 employees on its EPFO records as of Apr 06, 2024, across 4 active EPFO establishments.
Employee count
307
Active EPFO establishments
4
Employee growth
24.29%
GST
Avasarala Technologies has 9 GST registrations: 4 active and 5 cancelled or inactive.
Total GSTINs
9
Active
4
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCA2381E1ZX | Karnataka | Active | 01 Jul 2017 |
| 29AABCA2381E5ZT | Karnataka | Active | 28 Jul 2017 |
| 34AABCA2381E1Z6 | Puducherry | Active | 01 Jul 2017 |
| 33AABCA2381E2Z7 | Tamil Nadu | Active | 12 Jul 2021 |
To see the full GST registrations and return filing status of Avasarala Technologies Limited, buy the company report.
Recent activity
Avasarala Technologies Limited has 20 board changes on record since 1987: 4 appointments and 16 cessations. The latest: Kamlesh Satyanarayan Chechani ceased to be Director on 01 Dec 2025.
Ceased
Kamlesh Satyanarayan Chechani ceased to be Director.
Charges
A charge with Others amounted to Rs. 19.00 Cr with Charge ID 101195847 was registered on 12 Nov 2025.
Appointed
Ponnaluru Simhadri Reddy was appointed as Additional Director.
Appointed
Priteesh Mahajan was appointed as Additional Director.
Appointed
Sneha Boyalla was appointed as Nominee Director.
Ceased
Ravi Sankar Devarakonda ceased to be Irp/Rp/Liquidator.
AGM
Avasarala Technologies Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Avasarala Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others of Rs. 30.00 Cr registered on 22 Aug 2022 with Charge ID 100617823 was modified on 21 Dec 2022.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100617823 was registered on 22 Aug 2022.
Charges
A charge registered on 16 Jan 2006 via Charge ID 80004172 with State Bank Of Travancore was fully satisfied on 17 Aug 2022.
Charges
A charge registered on 10 Dec 2005 via Charge ID 80008043 with State Bank Of India was fully satisfied on 17 Aug 2022.
101 earlier events are in the company report.
Frequently asked questions
Avasarala Technologies is an active public limited company based in Bangalore, Karnataka, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 09 March 1987 (39+ years old) and is registered under CIN U85110KA1987PLC008228.
Avasarala Technologies has 4 current directors:
- Thavuthkhanpet Thanigai Mani - Managing Director
- Ponnaluru Simhadri Reddy - Additional Director
- Priteesh Mahajan - Additional Director
- Sneha Boyalla - Nominee Director
The latest financial statements of Avasarala Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Avasarala Technologies is 29AABCA2381E1ZX, registered in Karnataka. The company has 9 GST registrations in all, of which 4 are active and 5 are cancelled or inactive. Other active GSTINs include 29AABCA2381E5ZT (Karnataka), 34AABCA2381E1Z6 (Puducherry), 33AABCA2381E2Z7 (Tamil Nadu).
The CIN (Corporate Identification Number) of Avasarala Technologies is U85110KA1987PLC008228. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avasarala Technologies has 38 court cases on record: 9 filed by the company and 31 filed against it. 11 are pending. Most are in the district courts.
Avasarala Technologies was incorporated on 09 March 1987, making it 39+ years old. It is registered with the Registrar of Companies, Bangalore.
Avasarala Technologies has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹90.37 Cr; the latest was in March 2024.
Kamlesh Satyanarayan Chechani ceased to be Director on 01 Dec 2025. Ponnaluru Simhadri Reddy was appointed as Additional Director on 10 Nov 2025. Priteesh Mahajan was appointed as Additional Director on 10 Nov 2025. Avasarala Technologies has 20 board changes on record in total.
Yes, Avasarala Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0031063).