About Escape Velocity Accelerator India Private Limited
Data last updated:
Escape Velocity Accelerator India Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 05 February 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC073439. Its GSTIN is 29AADCE6061D1ZS (Karnataka).
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.96 Cr. It was led by directors including Ashok Nana Vohra and Anandkumar Sankaran Anand.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 902 – 904 9th Floor Prestige Meridian – 1 29 M G Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹50,000. For the same year it recorded a net loss of ₹30,540 (net margin -61.1%) and EBITDA of -₹30,190 (EBITDA margin -60.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over five years.
The company is associated with 1 brand: Evaccel. The company has 4 deals on record (4 rights issues); the latest was in June 2019. The company has 3 MSME Form 1 returns on record between 2021 and 2022, listing 22 overdue payments to 3 micro and small suppliers.
The last known website on record is evaccel.com.
Company details
Contact details
Escape Velocity Accelerator India Private Limited's registered office is in Bangalore, Karnataka. Its website is evaccel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address902 – 904 9th Floor Prestige Meridian – 1 29 M G Road, Bangalore, Karnataka, India – 560001
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Escape Velocity Accelerator India 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
Brands
Escape Velocity Accelerator India operates one associated brand: Evaccel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Market research services are provided by EVA in Bengaluru. | evaccel.com |
Business activity
The main business activity of Escape Velocity Accelerator India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Escape Velocity Accelerator India Private Limited, buy the company report.
Financials of Escape Velocity Accelerator India Private Limited
FY 2024 filings availableEscape Velocity Accelerator India Private Limited reported revenue of ₹50,000 for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years. EBITDA rose 88% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹30,190 | ||||
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| Net Profit (PAT) | -₹30,540 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -60.4% | ||||
| Net Profit Margin | -61.1% | ||||
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To see the full financial statements and ratios of Escape Velocity Accelerator India Private Limited, buy the company report.
Board of directors of Escape Velocity Accelerator India Private Limited
Escape Velocity Accelerator India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Nana Vohra Also directs: Bio-Combinator LLP, Escape Velocity Accelerator India LLP, Evoma Facilities (India) Private Limited and 4 more | Director | 05 Feb 2014 | 12 Years 8 Months | As last reported |
| Anandkumar Sankaran Anand Also directs: Escape Velocity Accelerator India LLP, Humanist Centre for Medicine, Samskaras Education Private Limited and 1 more | Director | 05 Feb 2014 | 12 Years 8 Months | As last reported |
| Shrikumar Suryanarayan Also directs: Escape Velocity Accelerator India LLP, Rcupe Lifesciences Private Limited, Sea6 Energy Private Limited and 1 more | Director | 14 Feb 2014 | 12 Years 8 Months | As last reported |
Auditor
Escape Velocity Accelerator India Private Limited is audited by DHIRUBHAI SHAH AND CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHIRUBHAI SHAH AND CO LLP | FY 2022 | 102511W/W100298 |
Shareholding
The shareholding of Escape Velocity Accelerator India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Escape Velocity Accelerator India Private Limited, buy the company report.
Deals & funding
Escape Velocity Accelerator India Private Limited has 4 deals on record (4 rights issues); the latest was in June 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Rights issue | ₹2.2 Lakh | Investors: an individual |
| Apr 2018 | Rights issue | ₹7 Lakh | Investors: 4 individuals |
| May 2016 | Rights issue | ₹36.7 Lakh | Investors: 4 individuals |
| Aug 2014 | Rights issue | ₹1.44 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Escape Velocity Accelerator India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Escape Velocity Accelerator India Private Limited has 3 MSME Form 1 returns on record between 2021 and 2022, listing 22 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 |
|---|---|---|---|
| Jaydeep Pandya & Co | |||
| Legalmonk Advisors Private Limited | |||
| Ramesh Ashwin and Karanth |
To see the full MSME payment records of Escape Velocity Accelerator India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Escape Velocity Accelerator India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE6061D1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Escape Velocity Accelerator India Private Limited, buy the company report.
Recent activity
Escape Velocity Accelerator India Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Shrikumar Suryanarayan ceased to be Additional Director on 30 Dec 2015.
Frequently asked questions
Escape Velocity Accelerator India has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Escape Velocity Accelerator India was a private limited company based in Bangalore, Karnataka, India. The company worked in consumer professional services, within the travel and hospitality industry. It was incorporated on 05 February 2014 and is registered under CIN U74900KA2014PTC073439. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Escape Velocity Accelerator India is U74900KA2014PTC073439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Escape Velocity Accelerator India had 3 directors:
- Ashok Nana Vohra - Director
- Anandkumar Sankaran Anand - Director
- Shrikumar Suryanarayan - Director
Escape Velocity Accelerator India was incorporated on 05 February 2014. It is registered with the Registrar of Companies, Bangalore.
Escape Velocity Accelerator India can be reached through the website evaccel.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Escape Velocity Accelerator India is at 902 – 904 9th Floor Prestige Meridian – 1 29 M G Road, Bangalore, Karnataka, India – 560001.
The latest financial statements of Escape Velocity Accelerator India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Escape Velocity Accelerator India is 29AADCE6061D1ZS, registered in Karnataka.
Escape Velocity Accelerator India operated in the travel and hospitality industry, in the consumer professional services segment.
Escape Velocity Accelerator India has 4 deals on record (4 rights issues); the latest was in June 2019.
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