Grand Success Elevators India Private Limited
About Grand Success Elevators India Private Limited
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Grand Success Elevators India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 29 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29309KA2018PTC115805. Its GSTIN is 29AAHCG4366M1ZZ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Deshani Devaraju Revanna (Managing Director) and Bhalevannuru Sathish Shwetha.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.29 2nd Cross Suvarna Nagara Ground Floor Doddabiadarekalu, Bangalore, Karnataka, India – 560073.
As per the financials filed for FY 2020, the company reported a revenue of ₹22.36 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹85,689 (net margin 3.8%) and EBITDA of -₹84.45 Lakh (EBITDA margin -377.6%).
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Company details
Contact details
Grand Success Elevators India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.29 2nd Cross Suvarna Nagara Ground Floor Doddabiadarekalu, Bangalore, Karnataka, India – 560073
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Grand Success Elevators India 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
Business activity
The main business activity of Grand Success Elevators India is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Grand Success Elevators India Private Limited, buy the company report.
Financials of Grand Success Elevators India Private Limited
FY 2020 filings availableGrand Success Elevators India Private Limited reported revenue of ₹22.36 Lakh (up 219% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 219% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹22.36 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹84.45 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹85,689 | |
| 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
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -377.6% | |
| Net Profit Margin | 3.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| 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 Grand Success Elevators India Private Limited, buy the company report.
Board of directors of Grand Success Elevators India Private Limited
Grand Success Elevators India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deshani Devaraju Revanna Also directs: Mass Elevators India Private Limited | Managing Director | 29 Aug 2018 | 8 Years 2 Months | Current |
| Bhalevannuru Sathish Shwetha | Director | 29 Aug 2018 | 8 Years 2 Months | Current |
Legal cases
Grand Success Elevators India Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Grand Success Elevators India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Grand Success Elevators India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grand Success Elevators India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCG4366M1ZZ | Karnataka | Active | 06 Sep 2018 |
To see the full GST registrations and return filing status of Grand Success Elevators India Private Limited, buy the company report.
Recent activity
Grand Success Elevators India Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Bhalevannuru Sathish Shwetha was appointed as Director on 29 Aug 2018.
Frequently asked questions
Grand Success Elevators India is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 29 August 2018 (8+ years old) and is registered under CIN U29309KA2018PTC115805.
Grand Success Elevators India has 2 current directors:
- Deshani Devaraju Revanna - Managing Director
- Bhalevannuru Sathish Shwetha - Director
The latest financial statements of Grand Success Elevators India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Grand Success Elevators India is 29AAHCG4366M1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Grand Success Elevators India is U29309KA2018PTC115805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grand Success Elevators India has 2 court cases on record: 2 filed against it. 1 is pending.
Grand Success Elevators India was incorporated on 29 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Bhalevannuru Sathish Shwetha was appointed as Director on 29 Aug 2018. Deshani Devaraju Revanna was appointed as Managing Director on 29 Aug 2018.
The registered office of Grand Success Elevators India is at No.29 2nd Cross Suvarna Nagara Ground Floor Doddabiadarekalu, Bangalore, Karnataka, India – 560073.
Grand Success Elevators India operates in the machinery and equipment industry, in the industrial tools and components segment.
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