About Escon Elevators Private Limited
Data last updated:
Escon Elevators Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 04 April 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1990PTC056081. Its GSTIN is 27AAACE0977F1ZQ (Maharashtra). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.73 Cr. It is led by directors Hussain Kunnel Putheyedthu (Managing Director) and Shamy Hussain Kunnel (Whole-Time Director).
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 Escon Houseel – 116/2 Ttc Electronic Zone Mhape, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹115.14 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹6.02 Cr (net margin 5.2%) and EBITDA of ₹9.59 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 8% over five years.
The company has about 360 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ESCON Elevators. As per MCA filings, the company has open charges of ₹76.07 Cr and satisfied charges of ₹77.07 Cr on record. Court records list 31 cases involving the company, including 8 filed by the company and 23 filed against it; 5 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2012. 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 Black Diamond Track Parts Pvt Ltd with revenue of ₹126.54 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esconelevators.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressEscon Houseel – 116/2 Ttc Electronic Zone Mhape, Navi Mumbai, Maharashtra, India – 400705
- 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 Escon Elevators Private Limited
The main business activity of Escon 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 Escon Elevators Private Limited FY 2025 filings available
Escon Elevators Private Limited reported revenue of ₹115.14 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Escon Elevators Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 10% growth in the latest year. EBITDA rose 28% 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 Escon 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 | ₹9.59 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.02 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 Escon Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 Escon 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 Escon Elevators Private Limited
Escon Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Black Diamond Track Parts Pvt Ltd | ₹126.54 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Bilaspur, Chattisgarh, India |
| Vasant Fabricators Private Limited | ₹126.13 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Ahmedabad, Gujarat, India |
| Unilift Cargo Systems Private Limited | ₹124.2 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Eminence Equipments Private Limited | ₹120.31 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Pune, Maharashtra, India |
| Automag India Private Limited | ₹119.98 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Pune, Maharashtra, India |
| Escon Elevators Private Limited this company | ₹115.14 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Adcl-Fafeco Engineering Private Limited | ₹114.78 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Mumbai, Maharashtra, India |
| Hitachi Lift India Private Limited | ₹113.77 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
| Prayas Engineering Limited | ₹111.45 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Anand, Gujarat, India |
| Rud India Chain Private Limited | ₹111.11 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Thane West, Maharashtra, India |
| K2 Cranes & Components Private Limited | ₹110.66 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Escon Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 Escon Elevators Private Limited
Escon Elevators Private Limited is audited by VISHWANATH SHETTY & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VISHWANATH SHETTY & 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 Escon Elevators Private Limited
Escon Elevators has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shamy Hussain Kunnel Also directs: Escon Parking Systems Private Limited | Whole-Time Director | 16 Feb 2017 | 9 Years 7 Months | Current |
| Hussain Kunnel Putheyedthu Also directs: Escon Parking Systems Private Limited | Managing Director | 04 Apr 1990 | 36 Years 6 Months | Current |
Ownership and Shareholding of Escon Elevators 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 Escon Elevators Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Mar 2024 | Others | ₹32.9 Lakh | Open |
| 04 Jan 2023 | Others | ₹20 Cr | Open |
| 22 Nov 2022 | Others | ₹29 Cr | Open |
| 14 Nov 2022 | Others | ₹5 Cr | Open |
| 07 Nov 2022 | Others | ₹5 Cr | Open |
Total charge records: 19 View all charges
Deals & Funding of Escon Elevators Private Limited
Escon Elevators Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 2 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 Escon Elevators Private Limited
Escon Elevators Private Limited has 31 court cases on record: 8 filed by Escon Elevators, 23 filed against it. 5 cases are pending and 26 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 10 | 1 |
| District courts | 15 | 13 | 4 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Hella Infra Market Limited | Pending |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Rajdeep Automation Private Limited | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal miscellaneous application | Filed against the company by The Karnataka Bank Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Montanari Lifts Components Private Limited | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Montanari Lifts Components Private Limited | Disposed |
Full case history
All 31 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 Escon Elevators Private Limited
Escon Elevators operates one associated brand: ESCON Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of elevators, escalators, and maintenance services in India. | esconelevators.com |
Employees and EPFO Compliance at Escon Elevators Private Limited
Escon Elevators Private Limited has a workforce of 360 employees as of Mar 20, 2025.
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 Escon Elevators Private Limited
Escon Elevators Private Limited has 7 board changes on record since 1990: 2 appointments and 5 cessations. The latest: Saira Hussain Kunnel ceased to be Director on 05 Oct 2018.
35 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Escon 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 Escon 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 Escon 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 Escon Elevators Private Limited
Escon Elevators has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE0977F1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 07AAACE0977F1ZS | Delhi | Active | 01 Jul 2017 |
| 19AAACE0977F1ZN | West Bengal | Active | 01 Jul 2017 |
| 21AAACE0977F1Z2 | Odisha | 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 Escon 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 Escon Elevators Private Limited
Escon Elevators is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 04 April 1990 (36+ years old) and is registered under CIN U74999MH1990PTC056081.
Escon Elevators reported revenue of ₹115.14 Cr for FY 2025 (up 10% YoY).
Escon Elevators has 2 current directors:
- Hussain Kunnel Putheyedthu - Managing Director
- Shamy Hussain Kunnel - Whole-Time Director
Escon Elevators reported a net profit of ₹6.02 Cr (net margin 5.2%) and EBITDA of ₹9.59 Cr (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Escon Elevators is 21% over three years and 8% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Escon Elevators is 27AAACE0977F1ZQ, registered in Maharashtra. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAACE0977F1ZS (Delhi), 19AAACE0977F1ZN (West Bengal), 21AAACE0977F1Z2 (Odisha).
The CIN (Corporate Identification Number) of Escon Elevators is U74999MH1990PTC056081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Escon Elevators has 31 court cases on record: 8 filed by the company and 23 filed against it. 5 are pending. Most are in the high courts.
Escon Elevators was incorporated on 04 April 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Escon Elevators has 2 deals on record (2 secondary share transfers); the latest was in March 2012.
The peers of Escon Elevators by revenue are Black Diamond Track Parts Pvt Ltd, Vasant Fabricators Private Limited, Unilift Cargo Systems Private Limited, Eminence Equipments Private Limited, Automag India Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).