Hemaadri Elex Systems Private Limited
About Hemaadri Elex Systems Private Limited
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Hemaadri Elex Systems Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electrical equipment manufacturing segment of the electronics sector. It was incorporated on 29 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31900KA2018PTC113539. Its GSTIN is 29AAECH5592H1Z6 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Padmanabhan Venkatakrishna Subramanian and Rajamony Vanaja.
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 Plot No.809 17th D Cross 37th A Main J P Nagar 6th Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.51 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹42.26 Lakh (net margin 3.1%) and EBITDA of ₹64.06 Lakh (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 252% over five years.
As per MCA filings, the company has open charges of ₹29.27 Lakh on record.
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- Registered AddressPlot No.809 17th D Cross 37th A Main J P Nagar 6th Phase, Bangalore, Karnataka, India – 560078
- IndustryElectrnoics, Electrical Equipment, Manufacturing
- 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 Hemaadri Elex Systems Private Limited
The main business activity of Hemaadri Elex Systems 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 Hemaadri Elex Systems Private Limited FY 2025 filings available
Hemaadri Elex Systems Private Limited reported revenue of ₹13.51 Cr (up 224% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hemaadri Elex Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 252% over five years, including 224% growth in the latest year. EBITDA rose 40% 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 Hemaadri Elex Systems 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 | ₹64.06 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.26 Lakh | •••• | •••• | •••• | •••• |
| 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 Hemaadri Elex Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 Hemaadri Elex Systems are in the company report.
Financial statements from FY 2019
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 Hemaadri Elex Systems Private Limited
Hemaadri Elex Systems Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gajanan Appliances Private Limited | ₹13.54 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Satara, Maharashtra, India |
| Gamma Mobile (India) Private Limited | ₹13.53 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Indotech Switchgear and Controls (Delhi) Private Limited | ₹13.53 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | Delhi, India |
| Mainframe Energy Solutions Private Limited | ₹13.52 Cr (FY 2018) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Life Bird Moulds and Tool Private Limited | ₹13.52 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Bareilly, Uttar Pradesh, India |
| Hemaadri Elex Systems Private Limited this company | ₹13.51 Cr (FY 2025) | •••• | •••• | 224.0% | •••• | Bangalore, Karnataka, India |
| Sunzone Solar System India Private Limited | ₹13.51 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | Bangaloresouth, Karnataka, India |
| Weber Drivetrain Private Limited | ₹13.49 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Chennai, Tamil Nadu, India |
| Hazel Lighting Systems Private Limited | ₹13.49 Cr (FY 2023) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Pooja Electrotech Private Limited | ₹13.45 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Pathankot, Punjab, India |
| Avr Electronics Private Limited | ₹13.42 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Hemaadri Elex Systems by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Hemaadri Elex Systems Private Limited
Hemaadri Elex Systems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmanabhan Venkatakrishna Subramanian | Director | 29 May 2018 | 8 Years 4 Months | Current |
| Rajamony Vanaja Also directs: Banyan Electronics India Private Limited | Director | 29 May 2018 | 8 Years 4 Months | Current |
Ownership and Shareholding of Hemaadri Elex Systems 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 Hemaadri Elex Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Oct 2022 | Others | ₹6.77 Lakh | Open |
| 30 Oct 2018 | City Union Bank Limited | ₹22.5 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Hemaadri Elex Systems Private Limited
Employment history and EPFO contributions of people linked to Hemaadri Elex Systems.
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.
Recent Activity on Hemaadri Elex Systems Private Limited
Hemaadri Elex Systems Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Padmanabhan Venkatakrishna Subramanian was appointed as Director on 29 May 2018.
Credit Ratings, Litigation & Regulatory Alerts for Hemaadri Elex Systems 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 Hemaadri Elex Systems 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 Hemaadri Elex Systems 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 Hemaadri Elex Systems Private Limited
Hemaadri Elex Systems has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH5592H1Z6 | Karnataka | Active | 18 Jul 2018 |
| 33AAECH5592H1ZH | Tamil Nadu | Active | 07 Feb 2019 |
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 Hemaadri Elex Systems 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 Hemaadri Elex Systems Private Limited
Hemaadri Elex Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical equipment, within the electronics industry. It was incorporated on 29 May 2018 (8+ years old) and is registered under CIN U31900KA2018PTC113539.
Hemaadri Elex Systems reported revenue of ₹13.51 Cr for FY 2025 (up 224% YoY).
Hemaadri Elex Systems has 2 current directors:
- Padmanabhan Venkatakrishna Subramanian - Director
- Rajamony Vanaja - Director
Hemaadri Elex Systems reported a net profit of ₹42.26 Lakh (net margin 3.1%) and EBITDA of ₹64.06 Lakh (EBITDA margin 4.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hemaadri Elex Systems is 99% over three years and 252% over five years. In the latest year (FY 2025) revenue rose 224%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hemaadri Elex Systems is 29AAECH5592H1Z6, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAECH5592H1ZH (Tamil Nadu).
The CIN (Corporate Identification Number) of Hemaadri Elex Systems is U31900KA2018PTC113539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hemaadri Elex Systems was incorporated on 29 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hemaadri Elex Systems by revenue are Gajanan Appliances Private Limited, Gamma Mobile (India) Private Limited, Indotech Switchgear and Controls (Delhi) Private Limited, Mainframe Energy Solutions Private Limited, Life Bird Moulds and Tool Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Padmanabhan Venkatakrishna Subramanian was appointed as Director on 29 May 2018. Rajamony Vanaja was appointed as Director on 29 May 2018.
Yes, Hemaadri Elex Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).