About Elvee Springs Private Limited
Data last updated:
Elvee Springs Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 17 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02720KA2003PTC032873. Its GSTIN is 29AABCE2886L1Z4 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Prakash Venkataramaiah (Managing Director) and Praveen Prakash.
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 Shed B 88/45/2 Kssidc Industrial Estate Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.71 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹64.48 Lakh (net margin 5.5%) and EBITDA of ₹1.74 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 9% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Elvee Spring. As per MCA filings, the company has open charges of ₹1.63 Cr 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 elveesprings.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressShed B 88/45/2 Kssidc Industrial Estate Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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 Elvee Springs Private Limited
The main business activity of Elvee Springs is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Elvee Springs Private Limited FY 2025 filings available
Elvee Springs Private Limited reported revenue of ₹11.71 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Elvee Springs Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 41% 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 Elvee Springs 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 | ₹1.74 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹64.48 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 Elvee Springs Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.5% | •••• | •••• | •••• | •••• |
| 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 Elvee Springs 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 Elvee Springs Private Limited
Elvee Springs Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Springs, Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K-Max Technologies Private Limited | ₹11.79 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Chennai, Tamil Nadu, India |
| GBM Manufacturing Pvt.Ltd. | ₹11.79 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Conic Automotive Private Limited | ₹11.78 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Gurgaon, Haryana, India |
| Gautam Stainless Private Limited | ₹11.75 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Waghodia, Gujarat, India |
| Sarvoday Pipes Private Limited | ₹11.74 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Ahmedabad, Gujarat, India |
| Elvee Springs Private Limited this company | ₹11.71 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Bangalore, Karnataka, India |
| Uni Modern Tooling Solution Chennai Private Limited | ₹11.7 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Chennai, Tamil Nadu, India |
| Copper Strips Private Limited | ₹11.65 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Bhopal, Madhya Pradesh, India |
| Samiri Forge Private Limited | ₹11.6 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Gujarat, India |
| Jayesh Fasteners Private Limited. | ₹11.59 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Ahmedabad, Gujarat, India |
| Metafab Engineers (India) Private Limited | ₹11.58 Cr (FY 2021) | •••• | •••• | -30.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Elvee Springs by revenue in the Machinery and Equipment industry (Springs, Tools and Components), 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 Elvee Springs Private Limited
Elvee Springs Private Limited is audited by K.KOTRESH & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.KOTRESH & CO | 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 Elvee Springs Private Limited
Elvee Springs has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Prakash | Director | 12 Mar 2015 | 11 Years 6 Months | Current |
| Prakash Venkataramaiah | Managing Director | 17 Nov 2003 | 22 Years 10 Months | Current |
| Pradeep Kumar Prakash | Director | 17 Nov 2003 | 22 Years 10 Months | Current |
| Renuka Prakash | Director | 17 Nov 2003 | 22 Years 10 Months | Current |
Ownership and Shareholding of Elvee Springs 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 Elvee Springs Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 2015 | Bank of Baroda | ₹15 Lakh | Open |
| 04 Dec 2006 | Bank of Baroda | ₹19.9 Lakh | Open |
| 16 Jul 2005 | Bank of Baroda | ₹8.25 Lakh | Open |
| 29 May 2004 | Bank of Baroda | ₹1.19 Cr | Open |
Total charge records: 4 View all charges
Associated Brands with Elvee Springs Private Limited
Elvee Springs operates one associated brand: Elvee Spring. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of precision springs and wire forms for multiple industries. | elveesprings.com |
Employees and EPFO Compliance at Elvee Springs Private Limited
Elvee Springs Private Limited has a workforce of 58 employees as of Mar 31, 2024.
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 Elvee Springs Private Limited
Elvee Springs Private Limited has 6 board changes on record since 2003: 4 appointments and 2 cessations. The latest: Renuka Prakash ceased to be Managing Director on 16 Oct 2017.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Elvee Springs 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 Elvee Springs 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 Elvee Springs 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 Elvee Springs Private Limited
Elvee Springs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCE2886L1Z4 | 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 Elvee Springs 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 Elvee Springs Private Limited
Elvee Springs is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 17 November 2003 (23+ years old) and is registered under CIN U02720KA2003PTC032873.
Elvee Springs reported revenue of ₹11.71 Cr for FY 2024 (down 5% YoY).
Elvee Springs has 4 current directors:
- Prakash Venkataramaiah - Managing Director
- Praveen Prakash - Director
- Pradeep Kumar Prakash - Director
- Renuka Prakash - Director
Elvee Springs reported a net profit of ₹64.48 Lakh (net margin 5.5%) and EBITDA of ₹1.74 Cr (EBITDA margin 14.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elvee Springs is 16% over three years and 9% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Elvee Springs is 29AABCE2886L1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Elvee Springs is U02720KA2003PTC032873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elvee Springs was incorporated on 17 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Elvee Springs by revenue are K-Max Technologies Private Limited, GBM Manufacturing Pvt.Ltd, Conic Automotive Private Limited, Gautam Stainless Private Limited, Sarvoday Pipes Private Limited and 5 more, all in the Machinery and Equipment industry (Springs, Tools and Components).
Renuka Prakash ceased to be Managing Director on 16 Oct 2017. Praveen Prakash ceased to be Additional Director on 10 Jun 2015. Praveen Prakash was appointed as Director on 12 Mar 2015. Elvee Springs has 6 board changes on record in total.
Elvee Springs can be reached through the website elveesprings.com. Its registered office is in Bangalore, Karnataka, India.