About Excelsource International Private Limited
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Excelsource International Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 20 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23209GJ2003PTC042113. Its GSTIN is 24AAHCS5986K1ZP (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹12.7 Cr and a paid-up capital of ₹1.43 Cr. It was formerly known as Somika Minerals Private Limited. It is led by directors Bhavesh Dhanvantray Buddhdev (Managing Director) and Bharat Dayabhai Kodinaria.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹640.62 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹23.16 Cr (net margin 3.6%) and EBITDA of ₹44.69 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 24% over five years.
The company has about 117 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Excelsource International. As per MCA filings, the company has open charges of ₹291.59 Cr and satisfied charges of ₹120.57 Cr on record. Court records list 14 cases involving the company, including 12 filed by the company and 2 filed against it; 8 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2.79 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website excelsource.co.in.
Company details
Contact details
Excelsource International Private Limited's registered office is in Vadodara, Gujarat. Its website is excelsource.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressExcel House Block 2 73 East Avenue Corporate, Sarabhai Campus Bhailal Amin Marg Near Genda Circle, Vadodara, Gujarat, India – 390023
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Excelsource International 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
Excelsource International operates one associated brand: Excelsource International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sourcing solutions for engineering goods and global services are managed by Excelsource International. | excelsource.co.in |
Business activity
The main business activity of Excelsource International is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Excelsource International Private Limited, buy the company report.
Financials of Excelsource International Private Limited
FY 2024 filings availableExcelsource International Private Limited reported revenue of ₹640.62 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 11% growth in the latest year. EBITDA rose 45% 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 |
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| EBITDA | ₹44.69 Cr | ||||
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| Net Profit (PAT) | ₹23.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 7% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Excelsource International Private Limited, buy the company report.
Board of directors of Excelsource International Private Limited
Excelsource International has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Dayabhai Kodinaria | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Bhavesh Dhanvantray Buddhdev Also directs: Tech Scout Labs LLP, Disruption Enablers Consortium LLP, Bright Agritrade LLP and 5 more | Managing Director | 15 Mar 2005 | 21 Years 7 Months | Current |
Auditor
Excelsource International Private Limited is audited by Lalit R. Mehta & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lalit R. Mehta & Associates | FY 2023 | 129524W |
Shareholding
The shareholding of Excelsource International 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Excelsource International Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2025 | 101058929 | Others | ₹30 Cr | Open | |
| 05 Apr 2023 | 100709591 | Others | ₹70.07 Cr | Open | |
| 30 Dec 2022 | 100670435 | Others | ₹70.07 Cr | Open | |
| 22 Dec 2022 | 100666831 | Others | ₹20 Cr | Open | |
| 02 Jul 2022 | 100589091 | Others | ₹25 Cr | Open |
To see the full charge records of Excelsource International Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Excelsource International Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2.79 Cr; the latest was in March 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2023 | Funding round | ₹26.2 Lakh | Investors: 4 individuals |
| Oct 2011 | Funding round | ₹1.54 Cr | Investors: an individual |
| Feb 2009 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| May 2007 | Funding round | ₹99 Lakh | Investors: 4 individuals |
To see the full deal history of Excelsource International Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Excelsource International Private Limited has 14 court cases on record: 12 filed by Excelsource International, 2 filed against it. 8 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 7 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed against the company by Adept Fluidyne Pvt. Ltd., Pune | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against South Gujarat Construction Company Pvt Ltd. and 2 others | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Sutharwala Carpenter Service Private Limited and 2 others | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed by the company against Government of Gujarat | Disposed |
To see the full case history of Excelsource International Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Excelsource International Private Limited was last rated by Care on 14 Jul 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Jul 2023 |
To see the full credit ratings and regulatory alerts of Excelsource International Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Excelsource International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Excelsource International has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Excelsource Industries Private Limited | U31900GJ2022PTC132490 | |
| Aarey Harit Urja Prakalp Private Limited | U40300MH2013PTC241451 |
To see the full group structure of Excelsource International Private Limited, buy the company report.
Employees & EPFO
Excelsource International Private Limited has a workforce of 117 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Excelsource International has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS5986K1ZP | Gujarat | Active | 01 Jul 2017 |
| 27AAHCS5986K2ZI | Maharashtra | Active | 18 Nov 2017 |
| 29AAHCS5986K1ZF | Karnataka | Active | 04 Apr 2024 |
To see the full GST registrations and return filing status of Excelsource International Private Limited, buy the company report.
Recent activity
Excelsource International Private Limited has 8 board changes on record since 2005: 2 appointments and 6 cessations. The latest: Bharat Dayabhai Kodinaria ceased to be Additional Director on 30 Nov 2021.
41 earlier events are in the company report.
Frequently asked questions
Excelsource International is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 20 March 2003 (23+ years old) and is registered under CIN U23209GJ2003PTC042113.
Excelsource International has 2 current directors:
- Bhavesh Dhanvantray Buddhdev - Managing Director
- Bharat Dayabhai Kodinaria - Director
The latest financial statements of Excelsource International on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Excelsource International is 24AAHCS5986K1ZP, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAHCS5986K2ZI (Maharashtra), 29AAHCS5986K1ZF (Karnataka).
The CIN (Corporate Identification Number) of Excelsource International is U23209GJ2003PTC042113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excelsource International has 14 court cases on record: 12 filed by the company and 2 filed against it. 8 are pending. Most are in the district courts.
Excelsource International was incorporated on 20 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Excelsource International has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹2.79 Cr; the latest was in March 2024.
Bharat Dayabhai Kodinaria ceased to be Additional Director on 30 Nov 2021. Bharat Dayabhai Kodinaria was appointed as Director on 01 Apr 2021. Riti Narender Kumar Diwan ceased to be Director on 08 May 2019. Excelsource International has 8 board changes on record in total.
Excelsource International can be reached through the website excelsource.co.in. Its registered office is in Vadodara, Gujarat, India.