About Elevate Business Solutions Private Limited
Data last updated:
Elevate Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 24 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2011PTC061344. Its GSTIN is 29AACCE9612K1ZB (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors including Govindan Thamaraikannan (Managing Director) and Reenu Jha.
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 No. 449 2nd Floor Ll Cross 4th Block I Stage, Hbr Lagout Near Axis Bank Bangalore – 560043, Karnataka, India – 560043.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.95 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹8.27 Lakh (net margin 4.2%) and EBITDA of ₹15.03 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 25% over five years.
The company is associated with 1 brand: elEVAte Business. As per MCA filings, the company has open charges of ₹36.29 Lakh and satisfied charges of ₹18.79 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elevatebusiness.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 449 2nd Floor Ll Cross 4th Block I Stage, Hbr Lagout Near Axis Bank Bangalore – 560043, Karnataka, India – 560043
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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 Elevate Business Solutions Private Limited
The main business activity of Elevate Business Solutions is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy 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 Elevate Business Solutions Private Limited FY 2025 filings available
Elevate Business Solutions Private Limited reported revenue of ₹1.95 Cr (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Elevate Business Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 5% growth in the latest year. EBITDA fell 20% 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 Elevate Business Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹15.03 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.27 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 Elevate Business Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.2% | •••• | •••• | •••• | •••• |
| 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 Elevate Business Solutions are in the company report.
Financial statements from 2015
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 Elevate Business Solutions Private Limited
Elevate Business Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Moneyskat Financiero India Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Aurangabad, Maharashtra, India |
| Forte Tekniks Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Indore, Madhya Pradesh, India |
| Sargam Consultants Private Limited | ₹1.95 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Elaksha Resources Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 242.0% | •••• | Delhi, India |
| Edu Career Services Private Limited | ₹1.95 Cr (FY 2023) | •••• | •••• | 186.0% | •••• | Ernakulam, Kerala, India |
| Elevate Business Solutions Private Limited this company | ₹1.95 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| S M Soni Infra Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Delhi, India |
| Think Music Digital Entertainment Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Chennai, Tamil Nadu, India |
| Divinion Advisory Services Private Limited | ₹1.95 Cr (FY 2024) | •••• | •••• | 376.0% | •••• | Mumbai, Maharashtra, India |
| Customs Wise India Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 97.0% | •••• | New Delhi, Delhi, India |
| Edify Consultants Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Elevate Business Solutions by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Elevate Business Solutions Private Limited
Elevate Business Solutions Private Limited is audited by BKB AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BKB AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Elevate Business Solutions Private Limited
Elevate Business Solutions has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reenu Jha | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
| Shanthi Kannan | Director | 09 Jul 2015 | 11 Years 3 Months | Current |
| Govindan Thamaraikannan | Managing Director | 26 Nov 2012 | 13 Years 10 Months | Current |
| Ravikeshava Kaniyala Melinathota | Director | 06 Mar 2025 | 1 Years 7 Months | Current |
| Raghu Venkataraman | Additional Director | 01 Jun 2018 | 8 Years 4 Months | Current |
Ownership and Shareholding of Elevate Business Solutions 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 Elevate Business Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2025 | Hdfc Bank Limited | ₹9.29 Lakh | Open |
| 23 Nov 2015 | Others | ₹27 Lakh | Open |
| 06 Jun 2020 | Bank of India | ₹3.6 Lakh | Satisfied |
| 22 May 2019 | Axis Bank Limited | ₹12.19 Lakh | Satisfied |
| 23 Nov 2015 | Bank of India | ₹3 Lakh | Satisfied |
Total charge records: 5 View all charges
Associated Brands with Elevate Business Solutions Private Limited
Elevate Business Solutions operates one associated brand: elEVAte Business. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides customized corporate financial services, advisory, funding, and M&A solutions. | elevatebusiness.in |
Employees and EPFO Compliance at Elevate Business Solutions Private Limited
Employment history and EPFO contributions of people linked to Elevate Business Solutions.
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 Elevate Business Solutions Private Limited
Elevate Business Solutions Private Limited has 11 board changes on record since 2012: 5 appointments and 6 cessations. The latest: Ravikeshava Kaniyala Melinathota ceased to be Additional Director on 29 Sep 2025.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Elevate Business Solutions 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 Elevate Business Solutions 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 Elevate Business Solutions 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 Elevate Business Solutions Private Limited
Elevate Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCE9612K1ZB | Karnataka | Active | 01 Jul 2017 |
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 Elevate Business Solutions 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 Elevate Business Solutions Private Limited
Elevate Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 24 November 2011 (15+ years old) and is registered under CIN U74900KA2011PTC061344.
Elevate Business Solutions reported revenue of ₹1.95 Cr for FY 2024 (up 5% YoY).
Elevate Business Solutions has 5 current directors:
- Govindan Thamaraikannan - Managing Director
- Reenu Jha - Director
- Shanthi Kannan - Director
- Ravikeshava Kaniyala Melinathota - Director
- Raghu Venkataraman - Additional Director
Elevate Business Solutions reported a net profit of ₹8.27 Lakh (net margin 4.2%) and EBITDA of ₹15.03 Lakh (EBITDA margin 7.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elevate Business Solutions is 47% over three years and 25% over five years. In the latest year (FY 2024) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Elevate Business Solutions is 29AACCE9612K1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Elevate Business Solutions is U74900KA2011PTC061344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elevate Business Solutions was incorporated on 24 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Elevate Business Solutions by revenue are Moneyskat Financiero India Private Limited, Forte Tekniks Private Limited, Sargam Consultants Private Limited, Elaksha Resources Private Limited, Edu Career Services Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Ravikeshava Kaniyala Melinathota ceased to be Additional Director on 29 Sep 2025. Ravikeshava Kaniyala Melinathota was appointed as Director on 06 Mar 2025. Reenu Jha ceased to be Additional Director on 29 Sep 2023. Elevate Business Solutions has 11 board changes on record in total.
Elevate Business Solutions can be reached through the website elevatebusiness.in. Its registered office is in Bangalore, Karnataka, India.