About Essaar Elevator India Private Limited
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Essaar Elevator India 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 24 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29219TN2016PTC104905. Its GSTIN is 33AAECE2422K1ZY (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sri Sathanam Damodaran Rajasekaran (Managing Director) and Saraswathi Rajasekaran Nripanraja (Director Appointed In Casual Vacancy).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 20/1&2 Cks Road Amarambedu, Chennai, Tamil Nadu, India – 600069.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.99 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹98,968 (net margin -0.3%) and EBITDA of ₹50.26 Lakh (EBITDA margin 16.8%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 24% over five years.
The company is associated with 1 brand: Essaar Elevator. As per MCA filings, the company has open charges of ₹6.95 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 essaarelevator.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No 20/1&2 Cks Road Amarambedu, Chennai, Tamil Nadu, India – 600069
- 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 Essaar Elevator India Private Limited
The main business activity of Essaar Elevator India is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | 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 Essaar Elevator India Private Limited FY 2025 filings available
Essaar Elevator India Private Limited reported revenue of ₹2.99 Cr (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Essaar Elevator India Private Limited
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 36% 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 Essaar Elevator India 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 | ₹50.26 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹98,968 | •••• | •••• | •••• | •••• |
| 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 Essaar Elevator India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.3% | •••• | •••• | •••• | •••• |
| 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 Essaar Elevator India are in the company report.
Financial statements from FY 2016
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 Essaar Elevator India Private Limited
Essaar Elevator India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Its own revenue is ₹2.99 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jr One Lifts Private Limited | ₹3.05 Cr | ₹17.19 Lakh | 6% | -28% | Hyderabad, Telangana, India | |
| Jinsung Undercarriage India Private Limited | ₹3.04 Cr | ₹85.37 Lakh | -28% | Sriperumbudur, Tamil Nadu, India | ||
| Vhopesystems Private Limited | ₹3.03 Cr | ₹22.04 Lakh | 7% | +259% | Chinglepet, Tamil Nadu, India | |
| Sunex Tube Tools Private Limited | ₹3.01 Cr | ₹5.96 Lakh | 2% | +8% | 10 | Pune, Maharashtra, India |
| Profine Automation Private Limited | ₹3 Cr | ₹14.36 Lakh | 5% | +8% | 2 | Haveli, Maharashtra, India |
| Essaar Elevator India Private Limited this company | ₹2.99 Cr | ₹98,968 | -0.3% | Chennai, Tamil Nadu, India | ||
| Queens Elevator & Escalator Private Limited | ₹2.97 Cr | ₹1.8 Lakh | 1% | +39% | Jaipurr, Rajasthan, India | |
| Weston Lifts Private Limited | ₹2.96 Cr | ₹58.84 Lakh | -20% | -2% | Chennai, Tamil Nadu, India | |
| Ramasa Cranes Private Limited | ₹2.96 Cr | ₹75,580 | 0% | -61% | 4 | Pune, Maharashtra, India |
| Bhaavika Machine Tools Private Limited | ₹2.95 Cr | ₹7.48 Lakh | -3% | -9% | Ajmer, Rajasthan, India | |
| Verticon Equipments Private Limited | ₹2.94 Cr | ₹5.79 Lakh | 2% | +25% | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Essaar Elevator India by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Essaar Elevator India Private Limited
Essaar Elevator India Private Limited is audited by SRINIVAS & GOPAL for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRINIVAS & GOPAL | 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 Essaar Elevator India Private Limited
Essaar Elevator India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sri Sathanam Damodaran Rajasekaran Also directs: Emaar Brothers Engineering Private Limited | Managing Director | 24 Mar 2016 | 10 Years 6 Months | Current |
| Saraswathi Rajasekaran Nripanraja | Director Appointed In Casual Vacancy | 03 Apr 2025 | 1 Years 6 Months | Current |
Ownership and Shareholding of Essaar Elevator India 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 Essaar Elevator India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2020 | Indian Overseas Bank | ₹30 Lakh | Open |
| 04 Jan 2017 | Indian Overseas Bank | ₹6.65 Cr | Open |
Total charge records: 2 View all charges
Associated Brands with Essaar Elevator India Private Limited
Essaar Elevator India operates one associated brand: Essaar Elevator. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator manufacturing and services in India. | essaarelevator.com |
Employees and EPFO Compliance at Essaar Elevator India Private Limited
Employment history and EPFO contributions of people linked to Essaar Elevator India.
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 Essaar Elevator India Private Limited
Essaar Elevator India Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Saraswathi Rajasekaran Nripanraja was appointed as Director Appointed In Casual Vacancy on 03 Apr 2025.
Credit Ratings, Litigation & Regulatory Alerts for Essaar Elevator India 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 Essaar Elevator India 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 Essaar Elevator India 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 Essaar Elevator India Private Limited
Essaar Elevator India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECE2422K1ZY | Tamil Nadu | Active | 01 Jul 2017 |
| 32AAECE2422K1Z0 | Kerala | Active | 07 Dec 2019 |
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 Essaar Elevator India 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 Essaar Elevator India Private Limited
Essaar Elevator India 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 24 March 2016 (10+ years old) and is registered under CIN U29219TN2016PTC104905.
Essaar Elevator India reported revenue of ₹2.99 Cr for FY 2024 (down 33% YoY).
Essaar Elevator India has 2 current directors:
- Sri Sathanam Damodaran Rajasekaran - Managing Director
- Saraswathi Rajasekaran Nripanraja - Director Appointed In Casual Vacancy
Essaar Elevator India reported a net loss of ₹98,968 (net margin -0.3%) and EBITDA of ₹50.26 Lakh (EBITDA margin 16.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Essaar Elevator India is 19% over three years and 24% over five years. In the latest year (FY 2024) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Essaar Elevator India is 33AAECE2422K1ZY, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAECE2422K1Z0 (Kerala).
The CIN (Corporate Identification Number) of Essaar Elevator India is U29219TN2016PTC104905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essaar Elevator India was incorporated on 24 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Essaar Elevator India by revenue are Jr One Lifts Private Limited, Jinsung Undercarriage India Private Limited, Vhopesystems Private Limited, Sunex Tube Tools Private Limited, Profine Automation Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Saraswathi Rajasekaran Nripanraja was appointed as Director Appointed In Casual Vacancy on 03 Apr 2025. Saraswathy ceased to be Director on 03 Apr 2025. Sri Sathanam Damodaran Rajasekaran was appointed as Managing Director on 24 Mar 2016.
Essaar Elevator India can be reached through the website essaarelevator.com. Its registered office is in Chennai, Tamil Nadu, India.