MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0044033
Kites Engineering Solutions Private Limited - energy and power in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹31.09 Cr
▲ 167% YoY
Net profit · FY 2024
₹1.04 Cr
Net margin 3.3%
EBITDA · FY 2024
₹3.82 Cr
EBITDA margin 12.3%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹39.71 Cr
Satisfied ₹16.09 Cr
Company age
21 yrs
Est. 2005
Directors on board
4
As per MCA filings
About Kites Engineering Solutions Private Limited
Data last updated:
Kites Engineering Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 14 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2005PTC157442. Its GSTIN is 27AAFCA4460J1ZM (Maharashtra).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Kites Properties Private Limited and Ace Oilfield Services Private Limited. It is led by directors including Sajith Kunimal Venugopal (Managing Director) and Leena Gopal.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 12 The Affaires Plot No. 9 Sector 7 Sanpada, Navi Mumbai, Maharashtra, India – 400703.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.09 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 3.3%) and EBITDA of ₹3.82 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 112% over three years and 40% over five years.
The company is associated with 1 brand: Kites Engineering. As per MCA filings, the company has open charges of ₹39.71 Cr and satisfied charges of ₹16.09 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Kites Engineering Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0044033). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kiteseng.com.
Company details
CIN U74999MH2005PTC157442
Registration Number 157442
Incorporation Date 14 November 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0044033
Name history
Kites Engineering Solutions has undergone 3 name changes throughout its history. The company was previously known as Kites Properties Private Limited, Ace Oilfield Services Private Limited, and Oil Tools India Services Private Limited. The current legal name is Kites Engineering Solutions Private Limited.
| Company Name | Status |
|---|---|
| Kites Engineering Solutions Private Limited | Current |
| Kites Properties Private Limited | Previous |
| Ace Oilfield Services Private Limited | Previous |
| Oil Tools India Services Private Limited | Previous |
CIN history
Kites Engineering Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74999MH2005PTC157442, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2005PTC157442 | Current |
| U11200MH2005PTC157442 | Previous |
| U45309MH2005PTC157442 | Previous |
Key People
Sajith Kunimal Venugopal Managing Director Leena Gopal Director Kunimal Parangattil Venugopal Director Recognitions & Rankings of Kites Engineering Solutions
Contact details
Kites Engineering Solutions Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is kiteseng.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 The Affaires Plot No. 9 Sector 7 Sanpada, Navi Mumbai, Maharashtra, India – 400703
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
To see the full contact details of Kites Engineering Solutions Private Limited, buy the company report.
Comprehensive company report
Kites Engineering Solutions Private Limited - one report that includes everything
- 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
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Brands
Kites Engineering Solutions operates one associated brand: Kites Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Repair and manufacturing services for oilfield equipment in India. | kiteseng.com |
Business activity
The main business activity of Kites Engineering Solutions is manufacturing. In detail, this covers manufacture of food products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products |
To see the full business activity and turnover split of Kites Engineering Solutions Private Limited, buy the company report.
Financials of Kites Engineering Solutions Private Limited
FY 2024 filings availableKites Engineering Solutions Private Limited reported revenue of ₹31.09 Cr (up 167% YoY) for FY 2024.
Revenue · FY 2024
₹31.09 Cr ▲ 167%
Net profit · FY 2024
₹1.04 Cr margin 3.3%
EBITDA · FY 2024
₹3.82 Cr margin 12.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 167%
3 years · compounded
▲ 112%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 34%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 167% growth in the latest year. EBITDA rose 61% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Kites Engineering Solutions Private Limited, buy the company report.
Board of directors of Kites Engineering Solutions Private Limited
Kites Engineering Solutions has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Leena Gopal Also directs: Qsphere Solutions Private Limited | Director | 01 Nov 2025 | 1 Years 0 Months | Current |
| Kunimal Parangattil Venugopal | Director | 21 Nov 2005 | 20 Years 11 Months | Current |
| Harish Krishnan Nambiar | Director | 02 Feb 2026 | 0 Years 9 Months | Current |
| Sajith Kunimal Venugopal | Managing Director | 14 Oct 2008 | 18 Years 0 Months | Current |
Auditor
Kites Engineering Solutions Private Limited is audited by M G BHANUSHALI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M G BHANUSHALI & CO. | FY 2023 | 168777 |
Shareholding
The shareholding of Kites Engineering Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kites Engineering Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹39.71 Cr
Satisfied charges
₹16.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2025 | 101109864 | Others | ₹39.71 Cr | Open | |
| 19 Jun 2023 | 100731121 | Others | ₹15 Cr | Satisfied | |
| 23 Dec 2021 | 100523532 | Standard Chartered Bank | ₹36.58 Lakh | Satisfied | |
| 04 Sep 2020 | 100373004 | Standard Chartered Bank | ₹72.91 Lakh | Satisfied |
To see the full charge records of Kites Engineering Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Kites Engineering Solutions Private Limited has 1 court case on record: 1 filed by Kites Engineering Solutions. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Bainite Machines Private Limited and 1 other | Pending |
To see the full case history of Kites Engineering Solutions 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 Kites Engineering Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kites Engineering Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA4460J1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kites Engineering Solutions Private Limited, buy the company report.
Recent activity
Kites Engineering Solutions Private Limited has 9 board changes on record since 2005: 4 appointments and 5 cessations. The latest: Harish Krishnan Nambiar was appointed as Director on 02 Feb 2026.
Appointed
Harish Krishnan Nambiar was appointed as Director.
Ceased
Kunimal Parangattil Venugopal ceased to be Director.
Appointed
Leena Gopal was appointed as Director.
Charges
A charge with Others of Rs. 39.71 Cr registered on 29 May 2025 with Charge ID 101109864 was modified on 17 Oct 2025.
Charges
A charge registered on 19 Jun 2023 via Charge ID 100731121 with Others was fully satisfied on 22 Jul 2025.
Charges
A charge with Others amounted to Rs. 39.71 Cr with Charge ID 101109864 was registered on 29 May 2025.
Charges
A charge with Others of Rs. 15.00 Cr registered on 19 Jun 2023 with Charge ID 100731121 was modified on 28 Mar 2025.
Ceased
Ajith Kunimal Venugopal ceased to be Director.
AGM
Kites Engineering Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.
Filing
Kites Engineering Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 23 Dec 2021 via Charge ID 100523532 with Standard Chartered Bank was fully satisfied on 05 Oct 2023.
Charges
A charge registered on 04 Sep 2020 via Charge ID 100373004 with Standard Chartered Bank was fully satisfied on 05 Oct 2023.
9 earlier events are in the company report.
Frequently asked questions
Kites Engineering Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 14 November 2005 (21+ years old) and is registered under CIN U74999MH2005PTC157442.
Kites Engineering Solutions has 4 current directors:
- Sajith Kunimal Venugopal - Managing Director
- Leena Gopal - Director
- Kunimal Parangattil Venugopal - Director
- Harish Krishnan Nambiar - Director
The latest financial statements of Kites Engineering Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kites Engineering Solutions is 27AAFCA4460J1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kites Engineering Solutions is U74999MH2005PTC157442. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kites Engineering Solutions has 1 court case on record: 1 filed by the company. 1 is pending.
Kites Engineering Solutions was incorporated on 14 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Harish Krishnan Nambiar was appointed as Director on 02 Feb 2026. Kunimal Parangattil Venugopal ceased to be Director on 01 Nov 2025. Leena Gopal was appointed as Director on 01 Nov 2025. Kites Engineering Solutions has 9 board changes on record in total.
Yes, Kites Engineering Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0044033).
Kites Engineering Solutions can be reached through the website kiteseng.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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