About Kalyani Strategic Systems Limited
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Kalyani Strategic Systems Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Bharat Forge Ltd. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 20 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31902PN2010PLC138025. Its GSTIN is 27AAECB3653M2ZE (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹313.35 Cr and a paid-up capital of ₹69.08 Cr. It was formerly known as Bf Power Equipment Limited. It is led by directors including Neelesh Vijay Tungar (Whole-Time Director) and Vikram Manohar Munje.
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mundhwa Pune Cantonment, Maharashtra, India – 411036.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,271.99 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹68.71 Cr (net margin 5.4%) and EBITDA of ₹80.47 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 494% over three years and 304% over five years.
The company has about 309 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: Kalyani Strategic Systems Limited and Thales Group. As per MCA filings, the company has open charges of ₹565 Cr and satisfied charges of ₹13.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹19.75 Cr; the latest was in September 2022. The company has 4 MSME Form 1 returns on record between 2020 and 2022, listing 9 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thalesgroup.com.
Company details
Contact details
Kalyani Strategic Systems Limited's registered office is in Pune, Maharashtra. Its website is thalesgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMundhwa Pune Cantonment, Maharashtra, India – 411036
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Kalyani Strategic Systems 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
Kalyani Strategic Systems operates two associated brands: Kalyani Strategic Systems Limited and Thales Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based software suites are developed for navigation applications. | thalesgroup.com | |
| Kalyani Strategic Systems Limited is engaged in defence manufacturing. | kssl.in |
Business activity
The main business activity of Kalyani Strategic Systems 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 Kalyani Strategic Systems Limited, buy the company report.
Financials of Kalyani Strategic Systems Limited
FY 2025 filings availableKalyani Strategic Systems Limited reported revenue of ₹1,271.99 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 304% over five years, including 6% growth in the latest year. EBITDA rose 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,271.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹80.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹68.71 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 5.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Kalyani Strategic Systems Limited, buy the company report.
Board of directors and KMP of Kalyani Strategic Systems Limited
Kalyani Strategic Systems Limited currently reports 3 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Manohar Munje | Director | 07 Nov 2014 | 12 Years 0 Months | Current |
| Sunil Nilkanth Kulkarni Also directs: Agneyastra Energetics Limited, Electroforge Limited, BF Infrastructure Limited and 1 more | Cfo | 01 Dec 2024 | 1 Years 11 Months | Current |
| Neelesh Vijay Tungar | Whole-Time Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Rajinder Singh Bhatia Also directs: Kalyani Rafael Advanced Systems Private Limited, BF Elbit Advanced Systems Private Limited, Paramraj Advisory LLP and 1 more | Director | 07 Nov 2014 | 12 Years 0 Months | Current |
Auditor
Kalyani Strategic Systems Limited is audited by P V Deo & Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P V Deo & Associates LLP | FY 2025 | W100637 |
Shareholding
The shareholding of Kalyani Strategic Systems Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kalyani Strategic Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2026 | 101280411 | Others | ₹100 Cr | Open | |
| 29 Mar 2023 | 100712630 | Others | ₹410 Cr | Open | |
| 10 Aug 2020 | 100362681 | Axis Bank Limited | ₹55 Cr | Open | |
| 18 Mar 2015 | 10580576 | Others | ₹13.5 Cr | Satisfied |
To see the full charge records of Kalyani Strategic Systems Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Kalyani Strategic Systems Limited has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹19.75 Cr; the latest was in September 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Funding round | ₹18.36 Cr | Investors: Bharat Forge Ltd |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Bharat Forge Ltd Seller: Sundaram Trading and Investement Private Limited , Saarloha Advanced Materials Private Limited , KTMS Design and Engineering Private Limited |
| Sep 2019 | Rights issue | ₹12.04 Cr | Investors: Bharat Forge Ltd , Saarloha Advanced Materials Private Limited , Sundaram Trading and Investement Private Limited |
| Sep 2016 | Rights issue | ₹33.28 Cr | Investors: Bharat Forge Ltd , Sundaram Trading and Investement Private Limited , Saarloha Advanced Materials Private Limited |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Saarloha Advanced Materials Private Limited , Bharat Forge Ltd Seller: Kalyani Technoforge Limited , KTMS Design and Engineering Private Limited , Bharat Forge Limited & Praveen Kumar Maheshwari |
To see the full deal history of Kalyani Strategic Systems 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
Kalyani Strategic Systems 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 | 1 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Mr. Gaurishankar N. Kalyani Azb and Partners | Disposed |
To see the full case history of Kalyani Strategic Systems 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
Kalyani Strategic Systems Limited has 4 MSME Form 1 returns on record between 2020 and 2022, listing 9 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Auto Cluster Development and Research Institute | |||
| Axis Glow | |||
| Mufg Intime India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Kalyani Strategic Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kalyani Strategic Systems has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sagar-Manas Technologies Limited | U29100PN2022PLC209117 | |
| Kalyani Rafael Advanced Systems Private Limited | U29270PN2015PTC156252 | |
| Zorya Mashproekt India Private Limited | U34300DL2022PTC403135 |
To see the full group structure of Kalyani Strategic Systems Limited, buy the company report.
Employees & EPFO
Kalyani Strategic Systems Limited has a workforce of 309 employees on its EPFO records as of Feb 10, 2026, across 1 active EPFO establishment.
GST
Kalyani Strategic Systems has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB3653M2ZE | Maharashtra | Active | 01 Jul 2017 |
| 36AAECB3653M1ZG | Telangana | Active | 08 Sep 2022 |
| 27AAECB3653M3ZD | Maharashtra | Active | 06 Jun 2025 |
To see the full GST registrations and return filing status of Kalyani Strategic Systems Limited, buy the company report.
Recent activity
Kalyani Strategic Systems Limited has 13 board changes on record since 2011: 4 appointments and 9 cessations. The latest: Sunil Nilkanth Kulkarni was appointed as CFO on 01 Dec 2024.
12 earlier events are in the company report.
News
Frequently asked questions
Kalyani Strategic Systems is an active public limited company based in Pune, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 20 December 2010 (16+ years old) and is registered under CIN U31902PN2010PLC138025.
Kalyani Strategic Systems has 4 current directors and KMP:
- Neelesh Vijay Tungar - Whole-Time Director
- Vikram Manohar Munje - Director
- Rajinder Singh Bhatia - Director
- Sunil Nilkanth Kulkarni - Cfo
The latest financial statements of Kalyani Strategic Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kalyani Strategic Systems is 27AAECB3653M2ZE, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAECB3653M1ZG (Telangana), 27AAECB3653M3ZD (Maharashtra).
The CIN (Corporate Identification Number) of Kalyani Strategic Systems is U31902PN2010PLC138025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kalyani Strategic Systems has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
Kalyani Strategic Systems was incorporated on 20 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Kalyani Strategic Systems has 7 deals on record (2 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹19.75 Cr; the latest was in September 2022.
Sunil Nilkanth Kulkarni was appointed as CFO on 01 Dec 2024. Neelesh Vijay Tungar was appointed as Whole-Time Director on 01 Oct 2024. Suchi Himesh Gandhi ceased to be CFO on 08 Feb 2023. Kalyani Strategic Systems has 13 board changes on record in total.
Kalyani Strategic Systems has 4 MSME Form 1 returns on record between 2020 and 2022, listing 9 overdue payments to 5 micro and small suppliers. The latest return was filed on 20 Oct 2022.
Kalyani Strategic Systems can be reached through the website thalesgroup.com. Its registered office is in Pune, Maharashtra, India.
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