About Korus Energy Solutions Private Limited
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Korus Energy Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of New India Electricals Limited. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 19 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74200KA2010PTC053719. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.32 Cr and a paid-up capital of ₹1.32 Cr. It is led by directors including Hemanshu Narendra Desai and Payal Nipul Desai.
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 Power House No. 18 2nd Floor J.C Road, Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.5 Lakh. For the same year it recorded a net loss of ₹6.77 Lakh (net margin -150.5%) and EBITDA of -₹13,630 (EBITDA margin -3%). Revenue has grown at a compounded annual rate (CAGR) of 459% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website korus.co.in.
Company details
Contact details
Korus Energy Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is korus.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPower House No. 18 2nd Floor J.C Road, Bangalore, Karnataka, India – 560002
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Korus Energy Solutions 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 Korus Energy Solutions Private Limited
FY 2025 filings availableKorus Energy Solutions Private Limited reported revenue of ₹4.5 Lakh for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 459% over three years. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹4.5 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹13,630 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹6.77 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -3% | |||
| Net Profit Margin | -150.5% | |||
| 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 | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Korus Energy Solutions Private Limited, buy the company report.
Board of directors of Korus Energy Solutions Private Limited
Korus Energy Solutions has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemanshu Narendra Desai | Director | 19 May 2010 | 16 Years 5 Months | Current |
| Payal Nipul Desai Also directs: New India Electricals Limited | Director | 15 Oct 2010 | 16 Years 0 Months | Current |
| Nipul Narendra Desai Also directs: New India Electricals Limited, Nie Power Andengg.Private Limited | Director | 08 Oct 2010 | 16 Years 0 Months | Current |
| Amisha Hemanshu Desai Also directs: New India Electricals Limited | Director | 15 Oct 2010 | 16 Years 0 Months | Current |
Auditor
Korus Energy Solutions Private Limited is audited by KUMBHAT & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMBHAT & CO | FY 2018 | 001609S |
Shareholding
The shareholding of Korus Energy Solutions Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Korus Energy Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Korus Energy Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Korus Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Korus Energy Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Korus Energy Solutions Private Limited, buy the company report.
Recent activity
Korus Energy Solutions Private Limited has 8 board changes on record since 2010: 4 appointments and 4 cessations. The latest: Devender Singh Dabas ceased to be Director on 16 Mar 2015.
Frequently asked questions
Korus Energy Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 19 May 2010 (16+ years old) and is registered under CIN U74200KA2010PTC053719.
Korus Energy Solutions has 4 current directors:
- Hemanshu Narendra Desai - Director
- Payal Nipul Desai - Director
- Nipul Narendra Desai - Director
- Amisha Hemanshu Desai - Director
The latest financial statements of Korus Energy Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Korus Energy Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Korus Energy Solutions is U74200KA2010PTC053719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Korus Energy Solutions was incorporated on 19 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Devender Singh Dabas ceased to be Director on 16 Mar 2015. Din Dayal Kapur ceased to be Director on 16 Mar 2015. Mahavir Pershad Bhardwaj ceased to be Director on 16 Mar 2015. Korus Energy Solutions has 8 board changes on record in total.
Korus Energy Solutions can be reached through the website korus.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Korus Energy Solutions is at Power House No. 18 2nd Floor J.C Road, Bangalore, Karnataka, India – 560002.
Korus Energy Solutions operates in the travel and hospitality industry, in the consumer professional services segment.