Elevar Sports Private Limited

Elevar Sports Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U36999MH2017PTC301189 Incorporated 26 October 2017 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company e-commerce DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2024
₹6.37 Cr
▼ 21% YoY
Net loss · FY 2024
₹5.78 Cr
Net margin -90.6%
EBITDA · FY 2024
-₹5.71 Cr
EBITDA margin -89.6%
Authorised capital
₹24 Lakh
Registered with MCA
Paid-up capital
₹22.74 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
14
Provident fund records
Directors on board
2
As per MCA filings

About Elevar Sports Private Limited

Data last updated:

Elevar Sports Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online sports merchandise retail segment of the e-commerce sector. It was incorporated on 26 October 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36999MH2017PTC301189. Its GSTIN is 27AAECE8291J1Z6 (Maharashtra).

The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹22.74 Lakh. It is led by directors Rohit Bhaskar and Tanay Girish Shah.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹6.37 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹5.78 Cr (net margin -90.6%) and EBITDA of -₹5.71 Cr (EBITDA margin -89.6%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 42% over five years.

The company has about 14 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Elevar Sports. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 2 cases are pending. The company has 3 deals on record (2 convertible or debt financings, 1 funding round), with disclosed funding of ₹24.56 Cr; the latest was in August 2021. Its 3 peer companies in the Ecommerce and Internet industry (Sports Merchandise), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Lavanya Teleservices Private Limited with revenue of ₹9.22 Cr.

Elevar Sports Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0170522). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website in.elevarsports.com.

Company details

CIN U36999MH2017PTC301189
Registration Number 301189
Incorporation Date 26 October 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0170522
Key People
Rohit Bhaskar Director Tanay Girish Shah Additional Director

Recognitions & Rankings of Elevar Sports

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0170522

Contact details

Elevar Sports Private Limited's registered office is in Mumbai, Maharashtra. Its website is in.elevarsports.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    in.elevarsports.com
  • Registered Address
    A1004 Anand Apartments, 24 Jp Road Andheri West, Mumbai, Maharashtra, India – 400058
  • Industry
    E-Commerce, Online Sports Merchandise Retail

To see the full contact details of Elevar Sports Private Limited, buy the company report.

Comprehensive company report
Elevar Sports Private 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

Elevar Sports operates one associated brand: Elevar Sports. Each brand links to its own profile.

BrandDescriptionWebsite
Elevar Sports
Retailer of sneakers, sports shoes, flip-flops, slides, and sports apparelelevarsports.com

Business activity

The main business activity of Elevar Sports is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Elevar Sports Private Limited, buy the company report.

Financials of Elevar Sports Private Limited

FY 2024 filings available

Elevar Sports Private Limited reported revenue of ₹6.37 Cr (down 21% YoY) for FY 2024.

Revenue · FY 2024
₹6.37 Cr ▼ 21%
Net loss · FY 2024
₹5.78 Cr margin -90.6%
EBITDA · FY 2024
-₹5.71 Cr margin -89.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 31%
5 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▼ 48%
5 years · compounded
▼ 47%

Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 42%. EBITDA rose 29% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹5.71 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹5.78 Cr
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-89.6%
Net Profit Margin-90.6%
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

To see the full financial statements and ratios of Elevar Sports Private Limited, buy the company report.

Board of directors of Elevar Sports Private Limited

Elevar Sports has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rohit Bhaskar
Also directs: Creto Club Technologies LLP, Yellow Digitech Private Limited
Director16 Oct 20242 Years 0 MonthsCurrent
Tanay Girish ShahAdditional Director16 Oct 20251 Years 0 MonthsCurrent
View all directors

Peer comparison

Elevar Sports Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Sports Merchandise), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Lavanya Teleservices Private Limited₹9.22 Cr (FY 2025)29.0%Meerut, Uttar Pradesh, India
KVH Sports India Private Limited₹8.29 Cr (FY 2025)4.0%Agra, Uttar Pradesh, India
Elevar Sports Private Limitedthis company₹6.37 Cr (FY 2024)-₹5.78 Cr-90.6%-21.0%14Mumbai, Maharashtra, India
Ajro Deal Private Limited₹6.37 Cr (FY 2024)78.0%Fazal Pur, Delhi, India

To see the full peer comparison of Elevar Sports Private Limited, buy the company report.

Auditor

Elevar Sports Private Limited is audited by Bathiya & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Bathiya & Associates LLPFY 2023101046W/W100063

Shareholding

The shareholding of Elevar Sports Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Elevar Sports Private Limited, buy the company report.

Deals & funding

Elevar Sports Private Limited has 3 deals on record (2 convertible or debt financings, 1 funding round), with disclosed funding of ₹24.56 Cr; the latest was in August 2021.

Total deals
3
Convertible or debt financings
2
Funding round
1
Disclosed funding
₹24.56 Cr

Deals on record (1 of 3)

WhenDealAmountParties
Aug 2021Funding round · Seed₹19 CrInvestors: Kalaari Capital, Dream Capital

To see the full deal history of Elevar Sports Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Elevar Sports Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Elevar Sports Private Limited has a workforce of 14 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
14
Active EPFO establishments
1
Employee growth
-41.67%

GST

Elevar Sports has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAECE8291J1Z6MaharashtraActive23 Apr 2018

To see the full GST registrations and return filing status of Elevar Sports Private Limited, buy the company report.

Recent activity

Elevar Sports Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Tanay Girish Shah was appointed as Additional Director on 16 Oct 2025.

Appointed
Tanay Girish Shah was appointed as Additional Director.
Ceased
Rohit Bhaskar ceased to be Additional Director.
Ceased
Kunal Joshi ceased to be Director.
Appointed
Rohit Bhaskar was appointed as Director.
Ceased
Aayush Tapuriah ceased to be Director.
AGM
Elevar Sports Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Elevar Sports Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Vani Kola ceased to be Additional Director.
Incorporation
26 Oct 2017
Elevar Sports Private Limited was registered on 26 Oct 2017 with Roc Mumbai & aged 9 years 11 days as per MCA records.

News

Frequently asked questions

Elevar Sports is an active private limited company based in Mumbai, Maharashtra, India. The company works in online sports merchandise retail, within the e-commerce industry. It was incorporated on 26 October 2017 (9+ years old) and is registered under CIN U36999MH2017PTC301189.

Elevar Sports has 2 current directors:

The latest financial statements of Elevar Sports 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 FY 2018 are in the company report.

The GSTIN of Elevar Sports is 27AAECE8291J1Z6, registered in Maharashtra.

The CIN (Corporate Identification Number) of Elevar Sports is U36999MH2017PTC301189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Elevar Sports has 6 court cases on record: 5 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.

Elevar Sports was incorporated on 26 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.

Elevar Sports has 3 deals on record (2 convertible or debt financings, 1 funding round), with disclosed funding of ₹24.56 Cr; the latest was in August 2021.

The peers of Elevar Sports by revenue are Lavanya Teleservices Private Limited, KVH Sports India Private Limited, Ajro Deal Private Limited, all in the Ecommerce and Internet industry (Sports Merchandise), with the same principal business activity (wholesale trading).

Tanay Girish Shah was appointed as Additional Director on 16 Oct 2025. Rohit Bhaskar ceased to be Additional Director on 29 Sep 2025. Kunal Joshi ceased to be Director on 16 Oct 2024. Elevar Sports has 6 board changes on record in total.

Yes, Elevar Sports is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).