About Ethereal Machines Private Limited
Data last updated:
Ethereal Machines Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 11 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2016PTC097757. Its GSTIN is 29AAECE4472H1ZG (Karnataka).
The company has an authorised share capital of ₹76.32 Lakh and a paid-up capital of ₹73.95 Lakh. It is led by directors Kaushik Mudda and Navin Jain.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.42 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹27.27 Cr (net margin -121.7%) and EBITDA of -₹11.5 Cr (EBITDA margin -51.3%). Revenue has grown at a compounded annual rate (CAGR) of 222% over three years and 120% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ethereal Machines. As per MCA filings, the company has open charges of ₹42 Cr and satisfied charges of ₹11.75 Cr on record. Court records list 1 case involving the company; 1 case is pending. The company has 10 deals on record (6 funding rounds, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹464.93 Cr; the latest was in June 2026. Its 10 peer companies in the Machinery and Equipment industry (Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Absolute Manufacturing Solutions Private Limited with revenue of ₹6.44 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 213 overdue payments to 53 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website etherealmachines.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 15 2nd Phase Industrial Suburb, Goraguntepalya Bengaluru 560022, Bangalore, Karnataka, India – 560022
- IndustryMachinery and Equipment, Process Machinery & Industrial 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 Ethereal Machines Private Limited
The main business activity of Ethereal Machines 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 Ethereal Machines Private Limited FY 2025 filings available
Ethereal Machines Private Limited reported revenue of ₹22.42 Cr (up 250% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ethereal Machines Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 120% over five years, including 250% growth 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 Ethereal Machines 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 | -₹11.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹27.27 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 Ethereal Machines Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -121.7% | •••• | •••• | •••• | •••• |
| 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 Ethereal Machines are in the company report.
Financial statements from FY 2017
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 Ethereal Machines Private Limited
Ethereal Machines Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (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 |
|---|---|---|---|---|---|---|
| Ethereal Machines Private Limited this company | ₹22.42 Cr (FY 2025) | •••• | •••• | 250.0% | •••• | Bangalore, Karnataka, India |
| Absolute Manufacturing Solutions Private Limited | ₹6.44 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kancheepuram, Tamil Nadu, India |
| Fortius Machining Solutions Private Limited | ₹6.44 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Ace Tech Tools Private Limited | ₹6.43 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Chennai, Tamil Nadu, India |
| Avini Metal Private Limited | ₹6.4 Cr (FY 2020) | •••• | •••• | 592.0% | •••• | Thane, Maharashtra, India |
| Bimco Engineering and Fasteners Private Limited | ₹6.4 Cr (FY 2025) | •••• | •••• | 2232.0% | •••• | Ludhiana, Punjab, India |
| Bit Tul Private Limited | ₹6.38 Cr (FY 2024) | •••• | •••• | 53.0% | •••• | Bangalore, Karnataka, India |
| Ripl Components Private Limited | ₹6.38 Cr (FY 2024) | •••• | •••• | 171.0% | •••• | Kolkata, West Bengal, India |
| Metaloft Industries Private Limited | ₹6.37 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Alwar, Rajasthan, India |
| Synectics Tooling Private Limited | ₹6.37 Cr (FY 2024) | •••• | •••• | 255.0% | •••• | Pune, Maharashtra, India |
| Aep Products India Private Limited | ₹6.36 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Belgaum, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Ethereal Machines by revenue in the Machinery and Equipment industry (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 Ethereal Machines Private Limited
Ethereal Machines Private Limited is audited by Venkatesh & Raghavendra Chartered Accountants for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Venkatesh & Raghavendra Chartered Accountants | 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 Ethereal Machines Private Limited
Ethereal Machines 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 |
|---|---|---|---|---|
| Kaushik Mudda | Director | 11 Nov 2016 | 9 Years 11 Months | Current |
| Navin Jain | Director | 11 Nov 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Ethereal Machines 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 Ethereal Machines Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2025 | Others | ₹30 Cr | Open |
| 28 Mar 2025 | Others | ₹2 Cr | Open |
| 25 Mar 2025 | Axis Bank Limited | ₹10 Cr | Open |
| 17 Oct 2023 | Others | ₹11 Cr | Satisfied |
| 31 Mar 2023 | Others | ₹75 Lakh | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Ethereal Machines Private Limited
Ethereal Machines Private Limited has 10 deals on record (6 funding rounds, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹464.93 Cr; the latest was in June 2026.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Funding round · Series B | ₹272.75 Cr | Investors: Avataar Venture Partners, Peak XV Partners (Sequoia India and SEA) |
| Jun 2024 | Funding round · Pre-Series B | ₹108.5 Cr | Investors: Peak XV Partners (Sequoia India and SEA), Steadview Capital, Blume Ventures |
| Jul 2023 | Funding round | ₹59.87 Cr | Investors: Blume Ventures, 100Unicorns (9Unicorns), Venture Catalysts |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Blume Ventures Seller: an individual |
| Jan 2019 | Funding round · Seed | ₹6.98 Cr | Investors: Blume Ventures, 3 individuals |
Full deal history
All 10 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 Ethereal Machines Private Limited
Ethereal Machines Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Company is another party | Pending |
Full case history
All 1 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.
MSME Payment Delays by Ethereal Machines Private Limited
Ethereal Machines Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 213 overdue payments to 53 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 (5 of 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| GPS Technologies | •••• | •••• | •••• |
| Aritra Partners Management Consultants LLP | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Bangalore Metallurgicals Private Limited, | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Ethereal Machines Private Limited
Ethereal Machines operates one associated brand: Ethereal Machines. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| On-demand manufacturing services for industrial machines are offered. | etherealmachines.com |
Employees and EPFO Compliance at Ethereal Machines Private Limited
Ethereal Machines Private Limited has a workforce of 52 employees as of Oct 10, 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.
News related to Ethereal Machines Private Limited
Recent Activity on Ethereal Machines Private Limited
Ethereal Machines Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Mohal Rajivbhai Lalbhai ceased to be Director on 09 Jan 2019.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ethereal Machines 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.
Subsidiaries & Group Companies of Ethereal Machines 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 Ethereal Machines Private Limited
Ethereal Machines has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE4472H1ZG | Karnataka | Active | 25 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 Ethereal Machines 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 Ethereal Machines Private Limited
Ethereal Machines is an active private limited company based in Bangalore, Karnataka, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 11 November 2016 (10+ years old) and is registered under CIN U29299KA2016PTC097757.
Ethereal Machines reported revenue of ₹22.42 Cr for FY 2025 (up 250% YoY).
Ethereal Machines has 2 current directors:
- Kaushik Mudda - Director
- Navin Jain - Director
Ethereal Machines reported a net loss of ₹27.27 Cr (net margin -121.7%) and EBITDA of -₹11.5 Cr (EBITDA margin -51.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ethereal Machines is 222% over three years and 120% over five years. In the latest year (FY 2025) revenue rose 250%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ethereal Machines is 29AAECE4472H1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Ethereal Machines is U29299KA2016PTC097757. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethereal Machines has 1 court case on record. 1 is pending.
Ethereal Machines was incorporated on 11 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Ethereal Machines has 10 deals on record (6 funding rounds, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹464.93 Cr; the latest was in June 2026.
The peers of Ethereal Machines by revenue are Absolute Manufacturing Solutions Private Limited, Fortius Machining Solutions Private Limited, Ace Tech Tools Private Limited, Avini Metal Private Limited, Bimco Engineering and Fasteners Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Mohal Rajivbhai Lalbhai ceased to be Director on 09 Jan 2019. Kaushik Mudda was appointed as Director on 11 Nov 2016. Navin Jain was appointed as Director on 11 Nov 2016.