About BF Elbit Advanced Systems Private Limited
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BF Elbit Advanced Systems Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Bharat Forge Limited. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 02 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29270PN2012PTC144268. Its GSTIN is 27AALCA1921E1ZZ (Maharashtra).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹1.98 Cr. It was formerly known as Advanced Strategic Artillery Systems Private Limited. It is led by directors including Neelesh Vijay Tungar and Yehuda Vered.
Its last annual general meeting (AGM) was held on 01 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune Cantonment Mundhwa, Maharashtra, India – 411036.
As per the financials filed for FY 2025, the company reported a revenue of ₹13,810. For the same year it recorded a net loss of ₹2.22 Cr and EBITDA of -₹1.11 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 83% over five years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 2 deals on record (1 rights issue, 1 acquisition); the latest was in January 2018. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 4 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bfelbit.com.
Company details
Contact details
BF Elbit Advanced Systems Private Limited's registered office is in Pune, Maharashtra. Its website is bfelbit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPune Cantonment Mundhwa, Maharashtra, India – 411036
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
To see the full contact details of BF Elbit Advanced Systems Private Limited, buy the company report.
- 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
Financials of BF Elbit Advanced Systems Private Limited
FY 2025 filings availableBF Elbit Advanced Systems Private Limited reported revenue of ₹13,810 for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 83% over five years. EBITDA rose 35% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.11 Lakh | ||||
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| Net Profit (PAT) | -₹2.22 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of BF Elbit Advanced Systems Private Limited, buy the company report.
Board of directors of BF Elbit Advanced Systems Private Limited
BF Elbit Advanced Systems has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neelesh Vijay Tungar | Director | 16 Jul 2024 | 2 Years 3 Months | Current |
| Yehuda Vered Also directs: Blue Horizons Strategic Engineering Private Limited | Director | 05 Sep 2014 | 12 Years 1 Months | Current |
| Shai Israel Cohen | Director | 05 Sep 2014 | 12 Years 1 Months | Current |
| Rajinder Singh Bhatia Also directs: Kalyani Strategic Systems Limited, Paramraj Advisory LLP, Kalyani Rafael Advanced Systems Private Limited and 1 more | Director | 29 Jan 2013 | 13 Years 8 Months | Current |
Auditor
BF Elbit Advanced Systems Private Limited is audited by P V Deo & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P V Deo & Associates LLP | FY 2022 | W100637 |
Shareholding
The shareholding of BF Elbit Advanced Systems Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
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To see the full shareholding pattern of BF Elbit Advanced Systems Private Limited, buy the company report.
Deals & funding
BF Elbit Advanced Systems Private Limited has 2 deals on record (1 rights issue, 1 acquisition); the latest was in January 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Rights issue | ₹1.96 Cr | Investors: Bharat Forge Ltd , Elbit Systems Land & C4I Limited |
| Sep 2013 | Acquisition | Undisclosed | Buyer: Bharat Forge Ltd Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
BF Elbit Advanced Systems Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Mr. Gaurishankar N. Kalyani Azb and Partners | Disposed |
To see the full case history of BF Elbit Advanced Systems 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
BF Elbit Advanced Systems Private Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 4 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Fabtech Consulting Engineers Private Limited | |||
| Atlantis Lab Private Limited |
To see the full MSME payment records of BF Elbit Advanced Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
BF Elbit Advanced Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCA1921E1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of BF Elbit Advanced Systems Private Limited, buy the company report.
Recent activity
BF Elbit Advanced Systems Private Limited has 10 board changes on record since 2013: 4 appointments and 6 cessations. The latest: Neelesh Vijay Tungar ceased to be Additional Director on 05 Aug 2024.
1 earlier event is in the company report.
Frequently asked questions
BF Elbit Advanced Systems is an active private limited company based in Pune, Maharashtra, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 02 August 2012 (14+ years old) and is registered under CIN U29270PN2012PTC144268.
BF Elbit Advanced Systems has 4 current directors:
- Neelesh Vijay Tungar - Director
- Yehuda Vered - Director
- Shai Israel Cohen - Director
- Rajinder Singh Bhatia - Director
The latest financial statements of BF Elbit Advanced Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of BF Elbit Advanced Systems is 27AALCA1921E1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of BF Elbit Advanced Systems is U29270PN2012PTC144268. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BF Elbit Advanced Systems has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
BF Elbit Advanced Systems was incorporated on 02 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
BF Elbit Advanced Systems has 2 deals on record (1 rights issue, 1 acquisition); the latest was in January 2018.
Neelesh Vijay Tungar ceased to be Additional Director on 05 Aug 2024. Neelesh Vijay Tungar was appointed as Director on 16 Jul 2024. Amit Babasaheb Kalyani ceased to be Director on 18 Apr 2022. BF Elbit Advanced Systems has 10 board changes on record in total.
BF Elbit Advanced Systems has 2 MSME Form 1 returns on record between 2020 and 2021, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 13 May 2021.
BF Elbit Advanced Systems can be reached through the website bfelbit.com. Its registered office is in Pune, Maharashtra, India.