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 1 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. Its 10 peer companies in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is HTG Engineering Private Limited.
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.
- EmailLocked
- TelephoneLocked
- 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
- 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 Excelsource International Private Limited
The main business activity of Excelsource International is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Excelsource International Private Limited FY 2024 filings available
Excelsource International Private Limited reported revenue of ₹640.62 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Excelsource International Private Limited
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 of Excelsource International 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 | ₹44.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.16 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 Excelsource International Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.6% | •••• | •••• | •••• | •••• |
| 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 Excelsource International 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 Excelsource International Private Limited
Excelsource International Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| HTG Engineering Private Limited | •••• | •••• | •••• | •••• | 32 | Mumbai, Maharashtra, India |
| Valmet Technologies Private Limited | •••• | •••• | •••• | •••• | 73 | Chennai, Tamil Nadu, India |
| Sojitz India Private Limited | •••• | •••• | •••• | •••• | 37 | New Delhi, Delhi, India |
| A & A Earth Movers Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Sara International Private Limited | •••• | •••• | •••• | •••• | 42 | New Delhi, Delhi, India |
| Excelsource International Private Limited this company | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Matsya Automobiles Limited | •••• | •••• | •••• | •••• | - | 1646-47, Tijara Road, Alwar., Rajasthan, India |
| Andreas Stihl Private Limited | •••• | •••• | •••• | •••• | - | Chakan, Maharashtra, India |
| Brother International (India) Private Limited | •••• | •••• | •••• | •••• | 118 | Mumbai, Maharashtra, India |
| Fred India Private Limited | •••• | •••• | •••• | •••• | 288 | Pune, Maharashtra, India |
| Luthra Holdings Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Excelsource International by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Excelsource International Private Limited
Excelsource International Private Limited is audited by Lalit R. Mehta & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Lalit R. Mehta & Associates | 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 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 6 Months | Current |
Ownership and Shareholding of Excelsource International 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 Excelsource International Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Mar 2025 | Others | ₹30 Cr | Open |
| 05 Apr 2023 | Others | ₹70.07 Cr | Open |
| 30 Dec 2022 | Others | ₹70.07 Cr | Open |
| 22 Dec 2022 | Others | ₹20 Cr | Open |
| 02 Jul 2022 | Others | ₹25 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Excelsource International Private Limited
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 |
Full deal history
All 6 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 Excelsource International Private Limited
Excelsource International Private Limited has 14 court cases on record: 12 filed by Excelsource International, 1 filed against it, 1 where it is another party. 8 cases are pending and 6 are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 7 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against South Gujarat Construction Company Private Limited | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Sutharwala Carpenter Service Private Limited | Pending |
| High Court of Orissa | Writ petition | Company is another party | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra, THR. Secretary, Urban Development Department, Mumbai | Disposed |
Full case history
All 14 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 Excelsource International Private Limited
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 |
Employees and EPFO Compliance at Excelsource International Private Limited
Excelsource International Private Limited has a workforce of 117 employees as of Apr 06, 2024.
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.
Group Structure of Excelsource International Private Limited
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 | Locked |
| Aarey Harit Urja Prakalp Private Limited | U40300MH2013PTC241451 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Excelsource International Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Excelsource International 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 Excelsource International 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 Excelsource International 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 Excelsource International Private Limited
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 |
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 Excelsource International 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 Excelsource International Private Limited
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 reported revenue of ₹640.62 Cr for FY 2025 (up 11% YoY).
Excelsource International has 2 current directors:
- Bhavesh Dhanvantray Buddhdev - Managing Director
- Bharat Dayabhai Kodinaria - Director
Excelsource International reported a net profit of ₹23.16 Cr (net margin 3.6%) and EBITDA of ₹44.69 Cr (EBITDA margin 7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Excelsource International is 5% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
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 1 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.
The peers of Excelsource International by revenue are HTG Engineering Private Limited, Valmet Technologies Private Limited, Sojitz India Private Limited, A & A Earth Movers Private Limited, Sara International Private Limited and 5 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution).