About Klas Technology Ventures Private Limited
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Klas Technology Ventures 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 09 June 1967 and has been in existence for over 59 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1967PTC001673. Its GSTIN is 29AACCK4921H1ZI (Karnataka).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.9 Cr. It is led by directors Subbiah Sharadaprasad and Geetha Sharada Prasad.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 12th Km Kanakapura Road Bangalore, Karnataka, India – 560062.
As per the financials filed for FY 2019, the company reported a revenue of ₹10.65 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹2.71 Lakh (net margin -25.4%) and EBITDA of -₹4.26 Lakh (EBITDA margin -40%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 55% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.25 Cr and satisfied charges of ₹3.01 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website klaseng.com.
Company details
CIN history
Klas Technology Ventures has one previous CIN (Corporate Identification Number): U72200KA1967PTC001673. The current CIN is U85110KA1967PTC001673, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1967PTC001673 | Current |
| U72200KA1967PTC001673 | Previous |
Contact details
Klas Technology Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is klaseng.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address12th Km Kanakapura Road Bangalore, Karnataka, India – 560062
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Klas Technology Ventures 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
Financials of Klas Technology Ventures Private Limited
FY 2019 filings availableKlas Technology Ventures Private Limited reported revenue of ₹10.65 Lakh (down 63% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over five years, including a 63% fall in the latest year. EBITDA rose 36% 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
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| EBITDA | -₹4.26 Lakh | ||||
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| Net Profit (PAT) | -₹2.71 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | -40% | ||||
| Net Profit Margin | -25.4% | ||||
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To see the full financial statements and ratios of Klas Technology Ventures Private Limited, buy the company report.
Board of directors of Klas Technology Ventures Private Limited
Klas Technology Ventures has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subbiah Sharadaprasad | Director | 01 Jul 1986 | 40 Years 3 Months | Current |
| Geetha Sharada Prasad Also directs: Konarak Industria Private Limited | Director | 31 Jul 2007 | 19 Years 2 Months | Current |
Peer comparison
Klas Technology Ventures Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stuti Engineers Private Limited | ₹10.73 Lakh (FY 2024) | -33.0% | New Delhi, Delhi, India | |||
| Force Components Private Limited | ₹10.7 Lakh (FY 2023) | -13.0% | Mumbai, Maharashtra, India | |||
| Klas Technology Ventures Private Limitedthis company | ₹10.65 Lakh (FY 2019) | -₹2.71 Lakh | -25.4% | -63.0% | 7 | Bangalore, Karnataka, India |
| Adi Wires Private Limited | ₹10.53 Lakh (FY 2025) | Giridih, Jharkhand, India | ||||
| Peridot Engineering Private Limited | ₹10.43 Lakh (FY 2025) | -58.0% | Delhi, India | |||
| Primacons India Pvt Ltd | ₹10.39 Lakh (FY 2024) | -44.0% | Kolkata, West Bengal, India | |||
| Sant Mechanical Industries Pvt Ltd | ₹10.18 Lakh (FY 2025) | 2887.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Klas Technology Ventures Private Limited, buy the company report.
Auditor
Klas Technology Ventures Private Limited is audited by K. MANJESH for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. MANJESH | FY 2015 |
Shareholding
The shareholding of Klas Technology Ventures Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Klas Technology Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2015 | 10594330 | Electronica Finance Limited | ₹24.78 Lakh | Open | |
| 29 May 2015 | 10585721 | Axis Bank Limited | ₹1 Cr | Open | |
| 24 Mar 2005 | 80008309 | State Bank of India | ₹3.01 Cr | Satisfied |
To see the full charge records of Klas Technology Ventures Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Klas Technology Ventures Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Klas Technology Ventures 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 Klas Technology Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Klas Technology Ventures Private Limited has a workforce of 7 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Klas Technology Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCK4921H1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Klas Technology Ventures Private Limited, buy the company report.
Recent activity
Klas Technology Ventures Private Limited has 4 board changes on record since 1986: 2 appointments and 2 cessations. The latest: Savithri Subbaiah ceased to be Director on 22 Jan 2020.
1 earlier event is in the company report.
Frequently asked questions
Klas Technology Ventures 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 09 June 1967 (59+ years old) and is registered under CIN U85110KA1967PTC001673.
Klas Technology Ventures has 2 current directors:
- Subbiah Sharadaprasad - Director
- Geetha Sharada Prasad - Director
The latest financial statements of Klas Technology Ventures on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Klas Technology Ventures is 29AACCK4921H1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Klas Technology Ventures is U85110KA1967PTC001673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Klas Technology Ventures has 2 court cases on record: 2 filed against it.
Klas Technology Ventures was incorporated on 09 June 1967, making it 59+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Klas Technology Ventures by revenue are Stuti Engineers Private Limited, Force Components Private Limited, Adi Wires Private Limited, Peridot Engineering Private Limited, Primacons India Pvt Ltd and 1 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Savithri Subbaiah ceased to be Director on 22 Jan 2020. Subbiah Lakshminarayan ceased to be Director on 03 Oct 2009. Geetha Sharada Prasad was appointed as Director on 31 Jul 2007. Klas Technology Ventures has 4 board changes on record in total.
Klas Technology Ventures can be reached through the website klaseng.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Klas Technology Ventures is at 12th Km Kanakapura Road Bangalore, Karnataka, India – 560062.