About Avasarala
Avasarala is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 1985, and was acquired by Florintree in July 2022. Specialized equipment for nuclear, aerospace, and medical sectors is manufactured. It operates in the Industrial Goods & Manufacturing and Energy & Utilities sectors. The company has 307 employees. Its chief executive, as recorded, is Priteesh Mahajan. Its Indian entity Avasarala Technologies Limited reported revenue of ₹50.11 Cr. Its focus areas include Energy, Nuclear Energy, Hardware Developer and Heat Transfer Systems.
Company details
Avasarala was established in 1985 in Bengaluru, India, as a manufacturer focused on nuclear power, aerospace, and medical equipment. Radiation shielding and heat pipes for spacecraft are designed and produced, alongside automation solutions for industrial applications. Factory automation systems and conveyor setups are provided to support operations across multiple sectors, with activities centered in India.
- Headquarters Bengaluru, India
- Employees 307
- Stage Acquired
- SectorsIndustrial Goods & ManufacturingEnergy & Utilities
- Phone•••• ••••
- Website avasarala.com
- Social LinkedIn
- Acquired by Florintree (Jul 2022)
- Legal Name Avasarala Technologies Limited
- Date of Incorporation 09 Mar, 1987
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹50.11 Cr
FY 2024 · +53% YoY
- Net Profit₹4.96 Cr
FY 2024 · 10% margin
- EBITDA₹10.75 Cr
FY 2024 · 21% margin
- Investors
- Employee Count307
- Acquired byFlorintree
(Jul 2022)
Associated legal entities of Avasarala
Avasarala operates through Avasarala Technologies Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avasarala Technologies Limited CIN U85110KA1987PLC008228 | Active | 09 Mar 1987 | Bangalore, Karnataka | ₹50.1 Cr | 307 | 5 | View details |
Investors in Avasarala
Avasarala has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Florintree.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Privat equity firm | 2010 | florintree.com | Mumbai, India |
Investor details for Avasarala
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Board of directors of Avasarala Technologies Limited (Avasarala)
Avasarala Technologies Limited is the primary company behind Avasarala. The board of Avasarala Technologies Limited currently have 4 directors; the longest-serving is Thavuthkhanpet Thanigai Mani, appointed in 1987. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thavuthkhanpet Thanigai Mani DIN 00029086 | Managing Director | 09 Mar 1987 | 39 yrs 7 mo | Avasarala Technologies Limited |
| Ponnaluru Simhadri Reddy DIN 00380564 | Additional Director | 10 Nov 2025 | 11 mo | Avasarala Technologies Limited |
| Priteesh Mahajan DIN 07032081 | Additional Director | 10 Nov 2025 | 11 mo | Avasarala Technologies Limited |
| Sneha Boyalla DIN 07768069 | Nominee Director | 10 Nov 2025 | 11 mo | Avasarala Technologies Limited |
People of Avasarala
8 people are tracked at Avasarala (4 in leadership, 4 in team); the tracked headcount is 307.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Mani T T | Managing Director | Leadership |
Sivanantham Mss | Head Manufacturing | Leadership |
Vasanth Rao | Vice President Operations | Leadership |
Suresh Pai Pai | Sr. Engineer- Business Development & Proposal (costing & Estimation) Engineering | Team |
Manu Gowda | Project Engineer | Team |
Murugesan Subramaniyan | Asst.manager-electrical & Controls | Team |
Sreedhar Sunkara | Project Planning Engineer | Team |
Complete people profiles for Avasarala
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Avasarala
Figures of Avasarala Technologies Limited, the primary company behind Avasarala, for FY 2024. Revenue was ₹50.11 Cr (+53% year on year). Net profit was ₹4.96 Cr (10% margin). EBITDA was ₹10.75 Cr (21% margin). Revenue has grown at a compounded annual rate of -15% over three years and -10% over five years.
- ₹50.11 CrRevenue · FY 2024 · +53% YoY
- ₹4.96 CrNet profit · 10% margin
- ₹10.75 CrEBITDA · 21% margin
- ₹9.59 CrPaid-up capital
- 307Employees (provident fund records)
- -15%Revenue CAGR, 3 years
- -10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avasarala Technologies Limited are on its company page.
Detailed financial statements for Avasarala
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Avasarala
2 dated milestones of Avasarala across 37 years, from founding to its latest funding, stage changes and deals.
- Founded Avasarala is founded.
- Exit Acquired by Florintree.
Top companies in Engineering & R&D Services
3 companies that operate in the same segment as Avasarala (Engineering & R&D Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of digital engineering and technology services | 1991 | Hyderabad, Telangana, India | USD 774.64 M | 12,020 | ||
Engineering consulting services in BIM and design fields are provided. | 1993 | Pune, Maharashtra, India | USD 16 M | USD 36.53 M | 1,429 | |
Provider of product engineering, process automation, IT advisory, software development, and other services | 1996 | Ahmedabad, Gujarat, India |
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Frequently Asked Questions about Avasarala
Avasarala was founded in 1985.
Avasarala is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Priteesh Mahajan is the CEO of Avasarala, as recorded in our data.
Avasarala has 307 employees.
The primary company behind Avasarala, Avasarala Technologies Limited, reported revenue of ₹50.11 Cr for FY 2024, up 53% year on year.
Avasarala was established in 1985 in Bengaluru, India, as a manufacturer focused on nuclear power, aerospace, and medical equipment. Radiation shielding and heat pipes for spacecraft are designed and produced, alongside automation solutions for industrial applications. Factory automation systems and conveyor setups are provided to support operations across multiple sectors, with activities centered in India.
Avasarala has 1 investor. Key investors include Florintree.
Avasarala operates through Avasarala Technologies Limited.
Yes. Avasarala was acquired by Florintree in July 2022.
The legal entities of Avasarala currently have 5 directors, including Ponnaluru Simhadri Reddy, Thavuthkhanpet Thanigai Mani, Priteesh Mahajan and others.