Axo Elevators Private Limited
About Axo Elevators Private Limited
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Axo Elevators Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 24 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29100KA2019PTC130940. Its GSTIN is 29AATCA0850A1ZT (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chandan Kumar (Managing Director) and Gangadharaiah Shilpa.
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 209 2nd Floor 5th Main Road 3rd Block 3rd Stage Basaveshwaranagar, Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.75 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹6.3 Lakh (net margin 3.6%) and EBITDA of ₹4.4 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
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- Registered Address209 2nd Floor 5th Main Road 3rd Block 3rd Stage Basaveshwaranagar, Bangalore, Karnataka, India – 560079
- 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 Axo Elevators Private Limited
The main business activity of Axo Elevators is professional, scientific and technical activities. 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 activities | 74 | 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 Axo Elevators Private Limited FY 2025 filings available
Axo Elevators Private Limited reported revenue of ₹1.75 Cr (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Axo Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 30% over three years, including 44% growth in the latest year. EBITDA rose 90% 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 Axo Elevators 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 | ₹4.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.3 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 Axo Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.6% | •••• | •••• | •••• | •••• |
| 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 Axo Elevators are in the company report.
Financial statements from FY 2020
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 Axo Elevators Private Limited
Axo 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 |
|---|---|---|---|---|---|---|
| A G Standard Elevator Private Limited | ₹1.76 Cr (FY 2023) | •••• | •••• | -8.0% | •••• | Jaipur, Rajasthan, India |
| Bluepacific Elevators Private Limited | ₹1.76 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | Surat City, Gujarat, India |
| Reyna Lifting Equipments India Private Limited | ₹1.76 Cr (FY 2025) | •••• | •••• | 318.0% | •••• | Pudukottai, Tamil Nadu, India |
| Dharsan Elevators Private Limited | ₹1.75 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Coimbatore, Tamil Nadu, India |
| Adcon Technologies Limited | ₹1.75 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Mumbai, Maharashtra, India |
| Axo Elevators Private Limited this company | ₹1.75 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Bangalore, Karnataka, India |
| Heft Industries Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | •••• | Daskroi, Gujarat, India | |
| R K Elevators Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Bhilwara, Rajasthan, India |
| SVK Earthmovers Private Limited | ₹1.72 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Hyderabad, Telangana, India |
| Axis Controls & Elevators Private Limited | ₹1.71 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Bellatrix Industries Private Limited | ₹1.69 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Ballabgarh, Haryana, India |
Peers are the five companies nearest above and the five nearest below Axo 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.
Board of Directors of Axo Elevators Private Limited
Axo Elevators has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandan Kumar | Managing Director | 24 Dec 2019 | 6 Years 9 Months | Current |
| Gangadharaiah Shilpa | Director | 24 Dec 2019 | 6 Years 9 Months | Current |
Ownership and Shareholding of Axo 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 Axo Elevators Private Limited
Axo Elevators Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Axo Elevators Private Limited
Employment history and EPFO contributions of people linked to Axo 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 Axo Elevators Private Limited
Axo Elevators Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Chandan Kumar was appointed as Managing Director on 24 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for Axo 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 Axo 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 Axo 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 Axo Elevators Private Limited
Axo Elevators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AATCA0850A1ZT | Karnataka | Active | 04 Jan 2020 |
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 Axo 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 Axo Elevators Private Limited
Axo Elevators is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 24 December 2019 (7+ years old) and is registered under CIN U29100KA2019PTC130940.
Axo Elevators reported revenue of ₹1.75 Cr for FY 2025 (up 44% YoY).
Axo Elevators has 2 current directors:
- Chandan Kumar - Managing Director
- Gangadharaiah Shilpa - Director
Axo Elevators reported a net profit of ₹6.3 Lakh (net margin 3.6%) and EBITDA of ₹4.4 Lakh (EBITDA margin 2.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Axo Elevators is 30% over three years. In the latest year (FY 2025) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Axo Elevators is 29AATCA0850A1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Axo Elevators is U29100KA2019PTC130940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axo Elevators was incorporated on 24 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Axo Elevators by revenue are A G Standard Elevator Private Limited, Bluepacific Elevators Private Limited, Reyna Lifting Equipments India Private Limited, Dharsan Elevators Private Limited, Adcon Technologies Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Chandan Kumar was appointed as Managing Director on 24 Dec 2019. Gangadharaiah Shilpa was appointed as Director on 24 Dec 2019.
The registered office of Axo Elevators is at 209 2nd Floor 5th Main Road 3rd Block 3rd Stage Basaveshwaranagar, Bangalore, Karnataka, India – 560079.