About Elite Elevators Private Limited
Data last updated:
Elite Elevators Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 16 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51103TN2008PTC067779. Its GSTIN is 33AACCN7630A1Z0 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Nibav It Solutions Limited. It is led by directors including Killakathu Ramanathan Babu (Managing Director) and Ramanathanbabu Vishal.
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 K.R.Building Basement Oldno.11 Newno.23 L.B.Road Adyar, Chennai, Tamil Nadu, India – 600020.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.94 Cr. For the same year it recorded a net loss of ₹20.65 Cr (net margin -38.3%) and EBITDA of -₹20.53 Cr (EBITDA margin -38.1%). Revenue has grown at a compounded annual rate (CAGR) of 166% over five years.
The company is associated with 1 brand: Elite Elevators. Court records list 13 cases involving the company, including 3 filed by the company and 2 filed against it; 11 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in July 2014. Its 10 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Infra Elevators India Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eliteelevators.net.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressK.R.Building Basement Oldno.11 Newno.23 L.B.Road Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Elite Elevators Private Limited
The main business activity of Elite Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Elite Elevators Private Limited FY 2024 filings available
Elite Elevators Private Limited reported revenue of ₹53.94 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR) of Elite Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 166% over five years. 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 Elite Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹20.53 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹20.65 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 of Elite Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -38.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -38.3% | •••• | •••• | •••• | •••• |
| 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 Elite Elevators 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 Elite Elevators Private Limited
Elite Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infra Elevators India Private Limited | •••• | •••• | •••• | •••• | 200 | Kochi, Kerala, India |
| Megaload Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Spaceage Storage Concepts Private Limited | •••• | •••• | •••• | •••• | 100 | Tiruvallur, Tamil Nadu, India |
| Effistack India Private Limited | •••• | •••• | •••• | •••• | 62 | Vadodara, Gujarat, India |
| Shivpra Cranes Pvt Ltd | •••• | •••• | •••• | •••• | - | Saifabad, Hyderabd, Andhra Pra, Telangana, India |
| Elite Elevators Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Decon Equipments and Systems Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Mewar Hi-Tech Engineering Limited Listed | •••• | •••• | •••• | •••• | 67 | Udaipur, Rajasthan, India |
| Quality Enviro Engineers Limited | •••• | •••• | •••• | •••• | 11 | Ghaziabad, Uttar Pradesh, India |
| Kali BMH Systems Private Limited | •••• | •••• | •••• | •••• | 124 | Chennai, Tamil Nadu, India |
| Cranex Limited Listed | •••• | •••• | •••• | •••• | 135 | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Elite Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Elite Elevators Private Limited
Elite Elevators has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanathanbabu Vishal Also directs: Q Elevators Private Limited, Nibav Lifts Private Limited, Quartz Elevators Private Limited and 1 more | Director | 16 May 2008 | 18 Years 4 Months | Current |
| Babu Nithya | Director | 16 May 2008 | 18 Years 4 Months | Current |
| Baburam Vijaya Bhaskar Also directs: Nibav Lifts Private Limited | Director | 27 Jan 2023 | 3 Years 8 Months | Current |
| Kumar Prabhakaran Also directs: Nibav Lifts Private Limited, En Elevator Installer Private Limited | Director | 27 Jan 2023 | 3 Years 8 Months | Current |
| Killakathu Ramanathan Babu | Managing Director | 16 May 2008 | 18 Years 4 Months | Current |
| Balasrinivasan Also directs: Nibav Lifts Private Limited | Director | 18 Aug 2025 | 1 Years 1 Months | Current |
Charges & Borrowings of Elite Elevators Private Limited
Elite Elevators Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Elite Elevators Private Limited
Elite Elevators Private Limited has 1 deal on record (1 secondary share transfer); the latest was in July 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Elite Elevators Private Limited
Elite Elevators Private Limited has 13 court cases on record: 3 filed by Elite Elevators, 2 filed against it, 8 where it is another party. 11 cases are pending and 2 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 2 | 7 |
| High courts | 4 | 0 | 4 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by an individual | Pending |
| District court, West, Delhi | Court case (Civ DJ) | Filed against the company by an individual | Pending |
| Madras High Court | Original application | Company is another party | Pending |
| Madras High Court | Appeal | Company is another party | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Company is another party | Pending |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Elite Elevators Private Limited
Elite Elevators operates one associated brand: Elite Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home elevators, stairlifts, and platform lifts for residential use in India. | eliteelevators.com |
Employees and EPFO Compliance at Elite Elevators Private Limited
Employment history and EPFO contributions of people linked to Elite Elevators.
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.
Name History of Elite Elevators Private Limited
Elite Elevators has undergone 2 name changes throughout its history. The company was previously known as Nibav It Solutions Limited, and Elite Elevators Private Limited. The current legal name is Elite Elevators Private Limited.
| Company Name | Status |
|---|---|
| Elite Elevators Private Limited | Current |
| Nibav It Solutions Limited | Previous |
CIN History of Elite Elevators Private Limited
Elite Elevators has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51103TN2008PTC067779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51103TN2008PTC067779 | Current |
| U72900TN2008PLC067779 | Previous |
| U51103TN2008PLC067779 | Previous |
Recent Activity on Elite Elevators Private Limited
Elite Elevators Private Limited has 8 board changes on record since 2008: 6 appointments and 2 cessations. The latest: Balasrinivasan was appointed as Director on 18 Aug 2025.
Credit Ratings, Litigation & Regulatory Alerts for Elite Elevators 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 Elite Elevators 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 Elite Elevators 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 Elite Elevators Private Limited
Elite Elevators has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCN7630A1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
| 09AACCN7630A1ZR | Uttar Pradesh | Active | 25 Oct 2024 |
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 Elite Elevators 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 Elite Elevators Private Limited
Elite Elevators is an active private limited company based in Chennai, Tamil Nadu, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 16 May 2008 (18+ years old) and is registered under CIN U51103TN2008PTC067779.
Elite Elevators reported revenue of ₹53.94 Cr for FY 2025.
Elite Elevators has 6 current directors:
- Killakathu Ramanathan Babu - Managing Director
- Ramanathanbabu Vishal - Director
- Babu Nithya - Director
- Baburam Vijaya Bhaskar - Director
- Kumar Prabhakaran - Director
- Balasrinivasan - Director
Elite Elevators reported a net loss of ₹20.65 Cr (net margin -38.3%) and EBITDA of -₹20.53 Cr (EBITDA margin -38.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elite Elevators is 166% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Elite Elevators is 33AACCN7630A1Z0, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AACCN7630A1ZR (Uttar Pradesh).
The CIN (Corporate Identification Number) of Elite Elevators is U51103TN2008PTC067779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elite Elevators has 13 court cases on record: 3 filed by the company and 2 filed against it. 11 are pending. Most are in the district courts.
Elite Elevators was incorporated on 16 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Elite Elevators has 1 deal on record (1 secondary share transfer); the latest was in July 2014.
The peers of Elite Elevators by revenue are Infra Elevators India Private Limited, Megaload Private Limited, Spaceage Storage Concepts Private Limited, Effistack India Private Limited, Shivpra Cranes Pvt Ltd and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).