About Indusassist Private Limited
Data last updated:
Indusassist Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 10 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC099092. Its GSTIN is 29AAECI3535P1Z1 (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Balaji Narasimaiah (Managing Director) and Balachandra Shashikumar (Whole-Time Director).
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 Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.16 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹1.68 Cr (net margin 4.7%) and EBITDA of ₹2.8 Cr (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 50% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IndusAssist. As per MCA filings, the company has open charges of ₹33.54 Cr and satisfied charges of ₹5.79 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indusassist.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address#47/1C 2nd Floor Patel Venkatappa Complex Sbi Bank Building Sunkadakatte Magadi, Main Road, Bengaluru, Karnataka, India – 560091
- IndustryEnvironment, Clean Energy Solutions
- 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 Indusassist Private Limited
The main business activity of Indusassist is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Indusassist Private Limited FY 2024 filings available
Indusassist Private Limited reported revenue of ₹36.16 Cr (up 59% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Indusassist Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 59% growth in the latest year. EBITDA rose 48% 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 Indusassist Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.68 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 Indusassist Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 Indusassist 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 Indusassist Private Limited
Indusassist Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Energy Solutions). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Antyodaya Ujas Private Limited | ₹37.77 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Kolkata, West Bengal, India |
| Inservia Innovations Private Limited | ₹37.56 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Intact Green Services (India) Private Limited | ₹36.87 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| PV Renewables India Private Limited | ₹36.79 Cr (FY 2024) | •••• | •••• | 107.0% | •••• | Tirupur, Tamil Nadu, India |
| Ecosave Labs Private Limited | ₹36.71 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Indore, Madhya Pradesh, India |
| Indusassist Private Limited this company | ₹36.16 Cr (FY 2024) | •••• | •••• | 59.0% | •••• | Bengaluru, Karnataka, India |
| Amplus Management Services Private Limited | ₹36.03 Cr (FY 2022) | •••• | •••• | 57.0% | •••• | New Delhi, Delhi, India |
| Manikaran Analytics Limited | ₹35.94 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Kolkata, West Bengal, India |
| Virescent Infrastructure Investment Manager Private Limited | ₹35.79 Cr (FY 2023) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Unitac Energy Solutions (India) Private Limited | ₹34.89 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kochi, Kerala, India |
| Avni Energy Solutions Private Limited | ₹33.89 Cr (FY 2015) | •••• | •••• | -15.0% | •••• | Tirupati, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Indusassist by revenue in the Cleantech industry (Energy Solutions), 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 Indusassist Private Limited
Indusassist Private Limited is audited by Sharath Udupi & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sharath Udupi & Co. | 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 Indusassist Private Limited
Indusassist has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balachandra Shashikumar Also directs: Excelligent Educomp LLP, Blossom Solar Park Private Limited | Whole-Time Director | 14 Aug 2024 | 2 Years 1 Months | Current |
| Balaji Narasimaiah | Managing Director | 03 Dec 2019 | 6 Years 10 Months | Current |
Ownership and Shareholding of Indusassist 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 Indusassist Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Aug 2025 | Others | ₹3.5 Cr | Open |
| 11 Jul 2025 | Others | ₹15.9 Cr | Open |
| 17 Jun 2025 | Hdfc Bank Limited | ₹30 Lakh | Open |
| 13 May 2025 | Hdfc Bank Limited | ₹82.51 Lakh | Open |
| 23 Apr 2025 | Hdfc Bank Limited | ₹2.6 Cr | Open |
Total charge records: 14 View all charges
Legal Cases of Indusassist Private Limited
Indusassist Private Limited has 4 court cases on record: 1 filed by Indusassist, 3 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against an individual | Disposed |
| District court, Dehradun, Uttarakhand | Court case (Summary Trial) | Filed against the company by State Government | Disposed |
| District court, MANDYA, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, MANDYA, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
Full case history
All 4 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 Indusassist Private Limited
Indusassist operates one associated brand: IndusAssist. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar energy solutions, installations, consultations, and approvals for businesses. | indusassist.com |
Employees and EPFO Compliance at Indusassist Private Limited
Indusassist Private Limited has a workforce of 5 employees as of Apr 07, 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 Indusassist Private Limited
Indusassist has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Indusassist Private Limited
Indusassist Private Limited has 9 board changes on record since 2017: 2 appointments and 7 cessations. The latest: Balachandra Shashikumar ceased to be Additional Director on 29 Sep 2024.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indusassist 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 Indusassist 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 Indusassist 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 Indusassist Private Limited
Indusassist has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI3535P1Z1 | Karnataka | Active | 01 Jul 2017 |
| 06AAECI3535P1Z9 | Haryana | Active | 16 Jan 2019 |
| 32AAECI3535P1ZE | Kerala | Active | 05 Jul 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 Indusassist 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 Indusassist Private Limited
Indusassist is an active private limited company based in Bengaluru, Karnataka, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 10 January 2017 (9+ years old) and is registered under CIN U74999KA2017PTC099092.
Indusassist reported revenue of ₹36.16 Cr for FY 2024 (up 59% YoY).
Indusassist has 2 current directors:
- Balaji Narasimaiah - Managing Director
- Balachandra Shashikumar - Whole-Time Director
Indusassist reported a net profit of ₹1.68 Cr (net margin 4.7%) and EBITDA of ₹2.8 Cr (EBITDA margin 7.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indusassist is 25% over three years and 50% over five years. In the latest year (FY 2024) revenue rose 59%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indusassist is 29AAECI3535P1Z1, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAECI3535P1Z9 (Haryana), 32AAECI3535P1ZE (Kerala).
The CIN (Corporate Identification Number) of Indusassist is U74999KA2017PTC099092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indusassist has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
Indusassist was incorporated on 10 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Indusassist by revenue are Antyodaya Ujas Private Limited, Inservia Innovations Private Limited, Intact Green Services (India) Private Limited, PV Renewables India Private Limited, Ecosave Labs Private Limited and 5 more, all in the Cleantech industry (Energy Solutions).
Balachandra Shashikumar ceased to be Additional Director on 29 Sep 2024. Balachandra Shashikumar was appointed as Whole-Time Director on 14 Aug 2024. Balaji Narasimaiah ceased to be Additional Director on 11 Dec 2019. Indusassist has 9 board changes on record in total.