Startup India Government of India
Eta Aerospace Private Limited - transport and logistics in Mysore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.67 Cr
▲ 30% YoY
Net profit · FY 2025
₹1.2 Cr
Net margin 13.8%
EBITDA · FY 2025
₹2.57 Cr
EBITDA margin 29.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹11.79 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
37
Provident fund records
About Eta Aerospace Private Limited
Data last updated:
Eta Aerospace Private Limited is a private limited company based in Mysore, Karnataka, India, recognised as a startup by DPIIT. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 05 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35999KA2018PTC117295. Its GSTIN is 29AAFCE2149A1ZZ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vidya Madappa and Pandanda Kariappa Madappa.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 22 – P1 3rd Phase Koorgally Industrial Area, Mysore, Karnataka, India – 570018.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.67 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Cr (net margin 13.8%) and EBITDA of ₹2.57 Cr (EBITDA margin 29.7%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 20% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ETA Aerospace. As per MCA filings, the company has open charges of ₹11.79 Cr on record.
Eta Aerospace Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-22-0011128). For more details, the company can be reached via its website etaaero.net.
Company details
CIN U35999KA2018PTC117295
Registration Number 117295
Incorporation Date 05 October 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-22-0011128
Recognitions & Rankings of Eta Aerospace
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-22-0011128
Contact details
Eta Aerospace Private Limited's registered office is in Mysore, Karnataka. Its website is etaaero.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 22 – P1 3rd Phase Koorgally Industrial Area, Mysore, Karnataka, India – 570018
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Eta Aerospace Private Limited, buy the company report.
Comprehensive company report
Eta Aerospace Private Limited - one report that includes everything
- 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
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Brands
Eta Aerospace operates one associated brand: ETA Aerospace. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precision machining and engineering services are provided for aerospace, medical, and other industries. | etaaero.net |
Business activity
The main business activity of Eta Aerospace is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Eta Aerospace Private Limited, buy the company report.
Financials of Eta Aerospace Private Limited
FY 2025 filings availableEta Aerospace Private Limited reported revenue of ₹8.67 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹8.67 Cr ▲ 30%
Net profit · FY 2025
₹1.2 Cr margin 13.8%
EBITDA · FY 2025
₹2.57 Cr margin 29.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 58%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 146%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 30% 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
| 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.2 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.7% | ||||
| Net Profit Margin | 13.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Eta Aerospace Private Limited, buy the company report.
Board of directors of Eta Aerospace Private Limited
Eta Aerospace has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidya Madappa Also directs: Saguna Engineering Private Limited, Macmet Engineering Limited, Tornet Commotrade Private Limited and 2 more | Director | 25 Jun 2025 | 1 Years 4 Months | Current |
| Pandanda Kariappa Madappa | Director | 12 Jul 2021 | 5 Years 3 Months | Current |
| Jigna Dhaval Makhecha | Director | 12 Aug 2025 | 1 Years 2 Months | Current |
| Pravin Dhirajlal Makhecha | Director | 17 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Eta Aerospace Private Limited is audited by G V Sunder & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G V Sunder & Company | FY 2023 | 007248S |
Shareholding
The shareholding of Eta Aerospace Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eta Aerospace Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.79 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2021 | 100480955 | Hdfc Bank Limited | ₹11.79 Cr | Open |
To see the full charge records of Eta Aerospace Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Eta Aerospace 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
Eta Aerospace Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alcoats |
To see the full MSME payment records of Eta Aerospace Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Eta Aerospace Private Limited has a workforce of 37 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
37
Active EPFO establishments
1
Employee growth
12.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 37 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Eta Aerospace Private Limited, buy the company report.
GST
Eta Aerospace has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCE2149A1ZZ | Karnataka | Active | 15 Nov 2018 |
To see the full GST registrations and return filing status of Eta Aerospace Private Limited, buy the company report.
Recent activity
Eta Aerospace Private Limited has 12 board changes on record since 2020: 4 appointments and 8 cessations. The latest: Jigna Dhaval Makhecha ceased to be Additional Director on 21 Sep 2025.
AGM
Eta Aerospace Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Ceased
Jigna Dhaval Makhecha ceased to be Additional Director.
Ceased
Pravin Dhirajlal Makhecha ceased to be Additional Director.
Ceased
Vidya Madappa ceased to be Additional Director.
Appointed
Pravin Dhirajlal Makhecha was appointed as Director.
Appointed
Jigna Dhaval Makhecha was appointed as Director.
Appointed
Vidya Madappa was appointed as Director.
Filing
Eta Aerospace Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 1,179.00 Lakh registered on 26 Aug 2021 with Charge ID 100480955 was modified on 21 Feb 2025.
Ceased
Pandanda Kariappa Madappa ceased to be Additional Director.
Ceased
Aniketh Mohan Rao ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,179.00 Lakh with Charge ID 100480955 was registered on 26 Aug 2021.
5 earlier events are in the company report.
Frequently asked questions
Eta Aerospace is an active private limited company based in Mysore, Karnataka, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 05 October 2018 (8+ years old) and is registered under CIN U35999KA2018PTC117295.
Eta Aerospace has 4 current directors:
- Vidya Madappa - Director
- Pandanda Kariappa Madappa - Director
- Jigna Dhaval Makhecha - Director
- Pravin Dhirajlal Makhecha - Director
The latest financial statements of Eta Aerospace on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Eta Aerospace is 29AAFCE2149A1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Eta Aerospace is U35999KA2018PTC117295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eta Aerospace was incorporated on 05 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Jigna Dhaval Makhecha ceased to be Additional Director on 21 Sep 2025. Pravin Dhirajlal Makhecha ceased to be Additional Director on 21 Sep 2025. Vidya Madappa ceased to be Additional Director on 21 Sep 2025. Eta Aerospace has 12 board changes on record in total.
Yes, Eta Aerospace is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Eta Aerospace is registered as a small enterprise under Udyam registration (number: UDYAM-KR-22-0011128).
Eta Aerospace has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2021.
Eta Aerospace can be reached through the website etaaero.net. Its registered office is in Mysore, Karnataka, India.
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