Elgi Equipments

Coimbatore, India Founded: 1960 • Age: 66 yrs Listed
Manufacturer of air compressor
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About Elgi Equipments

Elgi Equipments is a publicly listed company based in Coimbatore (India) founded in 1960. Manufacturer of air compressor. The company has 2,140 employees. Elgi Equipments has completed 6 acquisitions, including Advanced Air Compressors, BELAIR and Michigan Air Solutions. Its website elgi.com draws about 77 thousand monthly visits. Its Indian entity Elgi Equipments Limited reported revenue of ₹4,075 Cr.

Company details

Elgi Equipments was established in 1960 and is headquartered in Coimbatore, India. Operations are focused on the industrial machinery sector, where air compressors and related products are produced. The company maintains its online presence through the domain elgi.com. Leadership roles are held by Managing Director Jairam Varadaraj and Director Sudarsan Varadaraj, with activities centered on manufacturing and distribution primarily from India.

Recognitions & Rankings of Elgi Equipments

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#281
Valuation
₹19,810 Cr
2023 #254 2022 #239 2021 #465
  • Headquarters Coimbatore, India
  • Employees 2,140
  • Stage Public
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website elgi.com
  • Social LinkedIn X
  • Legal Name Elgi Equipments Limited
Key Metrics
  • Market Cap
    ₹16,673 Cr

    ELGIEQUIP · NSE

  • Share Price
    ₹534.00

    +1.50% today

  • Revenue
    ₹3,951 Cr

    FY 2025-26 · +12.5% YoY

  • EBITDA
    ₹568 Cr

    Margin 14.4%

  • Net Profit
    ₹389 Cr

    FY 2025-26 · +12.0% YoY

  • P/E (TTM)
    37.2x

    P/B 7.7x

  • ROE
    21.0%

    ROCE 23.1%

  • Debt / Equity
    0.27

    Interest cover 6.1x

  • Latest Funding Round
    $6.5M (USD), Post-IPO

    Oct 2015

  • Investors
    Nalanda Capital
  • Employee Count
    2,140
  • Investments & Acquisitions
    Advanced Air Compressors

    & 5 more

Funding Insights of Elgi Equipments

  • Total Rounds 1
  • Last Round Post-IPO — $6.5M
  • First Round $6.5M

    (Oct 2015)

  • Investors Count 1

All 1 funding rounds of Elgi Equipments with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Oct 2015$6.5MPost-IPO––
Nalanda Capital
Valuation history

1 investors in total: 1 institutional.

Investors in Elgi Equipments

Elgi Equipments has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Nalanda Capital.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Nalanda Capital
Investment in exceptional businesses within Indian public markets, focusing on small to mid-cap companies.
2007nalandacapital.com
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Investor details for Elgi Equipments

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
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Board of directors of Elgi Equipments Limited (Elgi Equipments)

Elgi Equipments Limited is the primary company behind Elgi Equipments. The board of Elgi Equipments Limited currently have 8 directors; the longest-serving is Jairam Varadaraj, appointed in 1992. 27 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Jairam Varadaraj
DIN 00003361
Managing Director29 May 199234 yrs 4 moElgi Equipments Limited
Sudarsan Varadaraj
DIN 00133533
Director18 Nov 199332 yrs 11 moElgi Equipments Limited
Anvarjay Varadaraj
DIN 07273942
Whole-time director01 Apr 20206 yrs 6 moElgi Equipments Limited
Srinivasan Ravindran
DIN 05259775
Director31 Jul 20242 yrs 2 moElgi Equipments Limited
Srinivasan Krishnamurthi
DIN 06662916
Director31 Jul 20242 yrs 2 moElgi Equipments Limited
Suman Kumar Das
DIN 07500784
Director31 Jul 20242 yrs 2 moElgi Equipments Limited
Padmaja Alaganandan
DIN 02867269
Additional Director27 May 20264 moElgi Equipments Limited
Varun Jay Varadaraj
DIN 07972025
Additional Director27 May 20264 moElgi Equipments Limited

People of Elgi Equipments

56 people are tracked at Elgi Equipments (17 in leadership, 39 in team); the tracked headcount is 2,140.

NameRoleGroup
Jairam Varadaraj
Managing DirectorLeadership
Sudarsan Varadaraj
DirectorLeadership
Subash Ramdoss
Head - Manufacturing EngineeringLeadership
Nitesh Jain
Chief Human Resource OfficerLeadership
Bheemsingh Melchisedec
Director, OperationsLeadership
Indranil Sen
Chief Financial OfficerLeadership
Ashraf Ali Khan
SVP & Head Of Global Coe - Talent Acquisition And Employer BrandingLeadership
Lalit Chaturvedi
Vice President HR - Talent Management & Organization DevelopmentLeadership
Gopalakrishnan N
General ManagerLeadership
Ankur Saxena
Head - Aftermarket ( India And South Asia)Leadership
Mohanraj A.
Vice President, Head- Corporate QualityLeadership
Premendra .
Chief Strategy OfficerLeadership
Sujith Prasad
Vice President Human ResourcesLeadership
Bhavesh Karia
President - India, Middle East, Africa And South East Asia,Leadership
Siva Prashanth N
HR Business PartnerLeadership
Ananth Venkatesan
Head Finance - Global OperationsLeadership
M.D. Sugumar
Assistant General ManagerLeadership
Soumen Dey
Direct SalesTeam
•Bharath Yugander
Deputy Manager - Talent AcquisitionTeam
Sadasivam
Manager - Testing & ValidationTeam

36 more people are available in the full profile.

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Complete people profiles for Elgi Equipments

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IPO & Listings of Elgi Equipments

Elgi Equipments is a publicly listed company on the NSE with ticker symbol ELGIEQUIP in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date22 Nov 1995
  • Listed onNSE: ELGIEQUIP
  • Listed entityELGI Equipments Limited
  • Exchange sectorProducer manufacturing
  • ISININE285A01027
  • Share price₹574.35 (-2.24% on the day) · 2026-10-14
  • Market capitalisation₹18,601 Cr
  • Price to earnings40.6
  • EPS (diluted, trailing year)₹14.15
  • Dividend yield0.46%
  • Volume (last session)203,993

Financials of Elgi Equipments

Exchange-reported figures of Elgi Equipments Limited, the listed company behind Elgi Equipments (NSE: ELGIEQUIP).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,951 Cr
+12.5% YoY
EBITDA
₹568 Cr
+7.4% YoY
Profit After Tax
₹389 Cr
+12.0% YoY
Net Worth
₹2,232 Cr
+19.6% YoY
Total Assets
₹2,786 Cr
+13.1% YoY
Total Debt
₹533 Cr
-7.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,9513,5103,2183,0412,5251,9241,829
Revenue growth+12.5%+9.1%+5.8%+20.4%+31.2%+5.2%-
EBITDA568529491437296217138
EBITDA margin+14.4%+15.1%+15.3%+14.4%+11.7%+11.3%+7.5%
Profit before tax57748244051026315369.56
Net profit38934730728616910242.30
Net profit margin+9.9%+9.9%+9.6%+9.4%+6.7%+5.3%+2.3%
EPS (₹)13.5711.059.8511.705.633.232.69
Balance sheet
Total assets2,7862,4622,2681,9651,4831,3491,233
Net worth2,2321,8661,6111,3711,033870769
Total debt533577638577436465448
Cash & bank71887477457027826285.72
Net working capital1,6161,6671,5791,310858718579
Cash flow
Cash from operations45439128516668.5624035.48
Cash from investing(98.30)(283)(101)(217)1.90(110)(152)
Cash from financing(312)(217)(79.10)59.82(81.21)(48.22)91.37
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0621,1131,003968867993848869
Revenue growth (YoY)+22.6%+12.1%+18.4%+11.4%+8.2%---
Other income22.2022.2026.3054.8022.7017.8015.3516.38
EBITDA148173129140121150119142
EBITDA margin+13.9%+15.5%+12.8%+14.5%+14.0%+15.1%+14.1%+16.3%
Depreciation24.7025.0021.3020.7018.8019.5018.6118.86
Interest6.006.105.007.007.307.905.578.41
Profit before tax140164129167118140111131
Tax36.2035.8033.7045.6032.1038.3030.0435.96
Net profit10312895.2012185.6010280.5894.73
EPS (₹)3.274.063.013.832.703.232.552.99
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3432,0811,8431,7571,5831,1001,081
Revenue growth+12.6%+12.9%+4.9%+11.0%+43.9%+1.8%-
EBITDA422437402316245156120
EBITDA margin+18.0%+21.0%+21.8%+18.0%+15.5%+14.2%+11.1%
Profit before tax464468428354251140128
Net profit349349319265187105100
Net profit margin+14.9%+16.8%+17.3%+15.1%+11.8%+9.6%+9.3%
EPS (₹)10.8911.0410.168.605.973.326.34
Balance sheet
Total assets2,0381,7451,5901,324993925817
Net worth1,9871,7261,4691,222984816710
Total debt41.409.7011293.022.33104102
Cash & bank53572064344011816044.58
Net working capital1,1231,1421,088840529464330
Cash flow
Cash from operations18033825523510511672.96
Cash from investing(73.90)(244)(91.00)(287)5.93(52.52)(70.98)
Cash from financing(95.90)(208)(69.20)48.88(129)(5.23)0.43
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue645666606568503580498531
Revenue growth (YoY)+28.3%+14.9%+21.7%+7.0%+6.5%---
Other income20.1022.3017.0024.4022.1017.1013.2625.99
Total expenses529565491460406455395416
EBITDA11510111410896.80125102114
EBITDA margin+17.9%+15.2%+18.9%+19.1%+19.3%+21.5%+20.6%+21.5%
Depreciation12.4011.2010.8010.009.008.908.879.02
Interest0.900.500.100.400.200.200.030.76
Profit before tax122112121122110133107131
Tax31.8028.5030.9031.6028.2033.6026.7132.65

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0621,1131,003968867993848869
Revenue growth (YoY)+22.6%+12.1%+18.4%+11.4%+8.2%---
Other income22.2022.2026.3054.8022.7017.8015.3516.38
EBITDA148173129140121150119142
EBITDA margin+13.9%+15.5%+12.8%+14.5%+14.0%+15.1%+14.1%+16.3%
Depreciation24.7025.0021.3020.7018.8019.5018.6118.86
Interest6.006.105.007.007.307.905.578.41
Profit before tax140164129167118140111131
Tax36.2035.8033.7045.6032.1038.3030.0435.96
Net profit10312895.2012185.6010280.5894.73
EPS (₹)3.274.063.013.832.703.232.552.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,9513,5103,2183,0412,5251,9241,829
Revenue growth+12.5%+9.1%+5.8%+20.4%+31.2%+5.2%-
Other income12463.2060.2017556.2924.9114.45
Total expenses3,3822,9822,7272,6042,2291,7071,692
Employee cost776683655572484412405
EBITDA568529491437296217138
EBITDA margin+14.4%+15.1%+15.3%+14.4%+11.7%+11.3%+7.5%
Depreciation85.8076.0076.6077.7274.4974.3465.23
Interest29.5034.5033.9024.1414.9514.9717.23
Profit before tax57748244051026315369.56
Tax14713112814084.6150.2726.99
Net profit38934730728616910242.30
Net profit margin+9.9%+9.9%+9.6%+9.4%+6.7%+5.3%+2.3%
EPS (₹)13.5711.059.8511.705.633.232.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital31.7031.7031.7031.6931.6931.6915.85
Reserves & surplus2,2001,8341,5801,3391,012844754
Shareholders' funds (net worth)2,2321,8661,6111,3711,033870769
Minority interest0.000.000.000.000.000.000.00
Secured loans260353373364294224266
Unsecured loans273224265213141241182
Total debt533577638577436465448
Total liabilities2,7862,4622,2681,9651,4831,3491,233
Assets
Gross block1,3401,1681,0561,034933883844
Net block699592587587553572600
Capital work in progress13653.009.502.927.474.123.72
Investments16580.6040.9037.0030.9023.7712.44
Inventories711608622602483343343
Sundry debtors724608593551472400347
Cash & bank balances71887477457027826285.72
Loans & advances215151130100100129121
Total current assets2,3682,2422,1191,8241,3341,133897
Total current liabilities752575540514476415318
Net working capital1,6161,6671,5791,310858718579
Total assets2,7862,4622,2681,9651,4831,3491,233
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12022912511612845.5170.24
Net cash from operating activities45439128516668.5624035.48
Net cash from investing activities(98.30)(283)(101)(217)1.90(110)(152)
Net cash from financing activities(312)(217)(79.10)59.82(81.21)(48.22)91.37
Net change in cash43.20(109)1058.39(10.75)82.31(24.73)
Closing cash71887477457027826285.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.5%+9.1%+5.8%+20.4%+31.2%+5.2%-
EBITDA growth+7.4%+7.8%+12.3%+47.6%+36.4%+57.9%-
PBT growth+19.9%+9.4%-13.7%+94.0%+72.2%+119.6%-51.5%
Net income growth+12.0%+13.0%+7.6%+68.9%+65.5%+141.6%-
Revenue CAGR (3Y)+9.1%+11.6%+18.7%+18.5%+10.7%+6.3%+10.1%
EBITDA CAGR (3Y)+9.1%+21.3%+31.2%+47.0%+15.2%+7.5%-0.8%
Profitability & leverage
Net income margin+10.9%+10.0%+9.7%+12.2%+7.1%+5.3%+2.3%
Return on capital employed+23.1%+21.8%+22.4%+24.2%+19.5%+13.0%+7.7%
Return on net worth+21.0%+20.1%+20.9%+23.8%+18.8%+12.5%+5.5%
Debt / equity0.270.350.410.420.470.560.45
Long-term debt / equity0.040.040.050.070.120.160.14
Interest cover6.127.628.196.726.7410.4823.82
Efficiency & per share
Fixed asset turnover3.153.163.083.092.782.232.40
Inventory turnover5.995.705.265.606.115.615.88
Debtors turnover5.935.855.635.955.795.155.13
EPS (₹)13.5711.059.8511.705.633.232.69
Dividend per share (₹)2.702.202.002.001.150.801.65
Book value per share (₹)70.4158.8550.8343.2732.9427.6248.60
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue645666606568503580498531
Revenue growth (YoY)+28.3%+14.9%+21.7%+7.0%+6.5%---
Other income20.1022.3017.0024.4022.1017.1013.2625.99
Total expenses529565491460406455395416
EBITDA11510111410896.80125102114
EBITDA margin+17.9%+15.2%+18.9%+19.1%+19.3%+21.5%+20.6%+21.5%
Depreciation12.4011.2010.8010.009.008.908.879.02
Interest0.900.500.100.400.200.200.030.76
Profit before tax122112121122110133107131
Tax31.8028.5030.9031.6028.2033.6026.7132.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3432,0811,8431,7571,5831,1001,081
Revenue growth+12.6%+12.9%+4.9%+11.0%+43.9%+1.8%-
Other income85.8069.6068.6083.3645.6824.0649.43
Total expenses1,9201,6441,4411,4411,337944961
Employee cost274232212193170156163
EBITDA422437402316245156120
EBITDA margin+18.0%+21.0%+21.8%+18.0%+15.5%+14.2%+11.1%
Depreciation41.0035.9036.0038.3636.7735.3336.65
Interest2.803.406.606.752.714.545.16
Profit before tax464468428354251140128
Tax11911810681.5061.9935.1127.37
Net profit349349319265187105100
Net profit margin+14.9%+16.8%+17.3%+15.1%+11.8%+9.6%+9.3%
EPS (₹)10.8911.0410.168.605.973.326.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital31.7031.7031.7031.6931.6931.6915.85
Reserves & surplus1,9551,6951,4381,200964790695
Shareholders' funds (net worth)1,9871,7261,4691,222984816710
Secured loans0.000.0015.0030.000.000.0026.00
Unsecured loans41.409.7096.8063.022.3310475.59
Total debt41.409.7011293.022.33104102
Total liabilities2,0381,7451,5901,324993925817
Assets
Gross block674567529501447423409
Net block282213210216199211234
Capital work in progress13250.909.302.526.524.023.60
Investments303231190184181178174
Inventories273214186167172139130
Sundry debtors641460499444424330256
Cash & bank balances53572064344011816044.58
Loans & advances14886.5070.9047.3882.2479.6082.75
Total current assets1,5971,4811,4001,099797709513
Total current liabilities474338312259268244184
Net working capital1,1231,1421,088840529464330
Total assets2,0381,7451,5901,324993925817
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash32.8014651.9054.9074.2816.1513.74
Net cash from operating activities18033825523510511672.96
Net cash from investing activities(73.90)(244)(91.00)(287)5.93(52.52)(70.98)
Net cash from financing activities(95.90)(208)(69.20)48.88(129)(5.23)0.43
Net change in cash10.40(114)94.60(2.98)(18.65)58.132.41
Closing cash53572064344011816044.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.6%+12.9%+4.9%+11.0%+43.9%+1.8%-
EBITDA growth-3.4%+8.8%+27.3%+28.8%+57.2%+29.8%-
PBT growth-0.7%+9.3%+20.9%+40.8%+79.3%+9.7%+6.0%
Net income growth-0.2%+9.6%+20.5%+41.9%+77.6%+4.8%-
Revenue CAGR (3Y)+10.1%+9.6%+18.8%+17.6%+10.4%+2.5%+6.6%
EBITDA CAGR (3Y)+10.2%+21.3%+37.1%+38.0%+20.0%+6.4%+2.1%
Profitability & leverage
Net income margin+14.7%+16.8%+17.5%+15.5%+12.0%+9.6%+9.3%
Return on capital employed+24.7%+28.2%+29.8%+31.1%+26.5%+16.6%+17.4%
Return on net worth+18.6%+21.9%+23.9%+24.7%+21.0%+13.8%+14.6%
Debt / equity0.010.040.080.040.060.140.10
Long-term debt / equity0.010.000.000.000.000.000.00
Interest cover0.730.851.802.431.303.766.18
Efficiency & per share
Fixed asset turnover3.783.803.583.713.642.652.82
Inventory turnover9.6410.4010.4210.3710.208.198.93
Debtors turnover4.264.343.914.054.193.753.99
EPS (₹)10.8911.0410.168.605.973.326.34
Dividend per share (₹)2.702.202.002.001.150.801.65
Book value per share (₹)62.6854.4646.3538.8731.4125.9144.88

Investments & Acquisitions by Elgi Equipments

Elgi Equipments has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Advanced Air Compressors, BELAIR and Michigan Air Solutions.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Michigan Air Solutions
Air compressors are manufactured and distributed by Michigan Air Solutions.
mi-air.comUnited States2009Dec 2019$6M
Advanced Air Compressors
Large industrial air compressors and associated equipment are supplied.
advancedair.com.auBlacktown, Australia1989Aug 2018$8.18M
Pulford Air & Gas
Manufacturer of air compressor
pulford.com.auSydney, Australia1925Aug 2018••••
Pattons Inc
Industrial compressors and air products are distributed and serviced.
pattonsinc.com1980Nov 2012••••
Rotair
High-technology products for construction and agriculture are manufactured and distributed.
rotairspa.comCaraglio, Italy1946Aug 2012••••
BELAIR
A cinema is operated and films are acquired and distributed.
belair.fr1984Mar 2010$949,501
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Complete acquisition details for Elgi Equipments

Acquired stakes, deal sources and the complete acquisition history require an active premium plan.

  • Acquired stakes
  • Deal sources
  • Complete history
  • Exports

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Timeline of Elgi Equipments

9 dated milestones of Elgi Equipments across 59 years, from founding to its latest funding, stage changes and deals.

  1. Founded Elgi Equipments is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires BELAIR.
  4. Acquisition Acquires Rotair.
  5. Acquisition Acquires Pattons Inc.
  6. Funding First funding round of $6.5M.
  7. Acquisition Acquires Pulford Air & Gas.
  8. Acquisition Acquires Advanced Air Compressors.
  9. Acquisition Acquires Michigan Air Solutions.

Web traffic of Elgi Equipments

The website of Elgi Equipments (elgi.com) receives about 77.2K visits a month.

  • Monthly visits
    77.2K

    ▲ 8.2% vs previous month

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Elgi Ultra Industries
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••••••••••••••••.com••%•.•M#•••••–
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Related news about Elgi Equipments

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Frequently Asked Questions about Elgi Equipments

Elgi Equipments was founded in 1960 and raised its 1st funding round 55 years after it was founded.

Elgi Equipments is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.

Elgi Equipments has 2,140 employees.

The primary company behind Elgi Equipments, Elgi Equipments Limited, reported revenue of ₹4,075 Cr for FY 2026, up 13% year on year.

Elgi Equipments was established in 1960 and is headquartered in Coimbatore, India. Operations are focused on the industrial machinery sector, where air compressors and related products are produced. The company maintains its online presence through the domain elgi.com. Leadership roles are held by Managing Director Jairam Varadaraj and Director Sudarsan Varadaraj, with activities centered on manufacturing and distribution primarily from India.

Yes, Elgi Equipments is publicly traded on NSE under the ticker symbol ELGIEQUIP.

Elgi Equipments has made 6 acquisitions, including Advanced Air Compressors, BELAIR, and Michigan Air Solutions.

Elgi Equipments has 1 investor. Key investors include Nalanda Capital.

Elgi Equipments operates through Elgi Equipments Limited.

The legal entities of Elgi Equipments currently have 10 directors, including Anvarjay Varadaraj, Sudarsan Varadaraj, Jairam Varadaraj and others.

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