Lotus Powergear Private Limited

Lotus Powergear Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U40101KA1977PTC003196 Incorporated 18 August 1977 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company energy and power MSME · Medium
Data last updated
Revenue · FY 2025
₹32.57 Cr
▼ 48% YoY
Net loss · FY 2025
₹2.36 Cr
Net margin -7.2%
EBITDA · FY 2025
₹2.07 Cr
EBITDA margin 6.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹56.02 Cr
Satisfied ₹45.49 Cr
Company age
49 yrs
Est. 1977
Employees · EPFO
80
Provident fund records

About Lotus Powergear Private Limited

Data last updated:

Lotus Powergear Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 August 1977 and has been in existence for over 49 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40101KA1977PTC003196. Its GSTIN is 29AAACL2429B1ZW (Karnataka).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Srinivasa Seetharama Bhatta (Managing Director) and Srikantha Seetharam Bhatta (Whole-Time Director).

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 12/13 K M Doddakallasandrakanakapura Road Bangalore, Karnataka, India – 560062.

As per the financials filed for FY 2025, the company reported a revenue of ₹32.57 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹2.36 Cr (net margin -7.2%) and EBITDA of ₹2.07 Cr (EBITDA margin 6.4%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.

The company has about 80 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹56.02 Cr and satisfied charges of ₹45.49 Cr on record. Court records list 47 cases involving the company, including 13 filed by the company and 34 filed against it; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in June 2011. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 4 smaller; the largest is Photon Energy Systems Private Limited with revenue of ₹32.8 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,324 overdue payments to 17 micro and small suppliers.

Lotus Powergear Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0062767). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lppl.in.

Company details

CIN U40101KA1977PTC003196
Registration Number 003196
Incorporation Date 18 August 1977
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0062767
Key People
Srinivasa Seetharama Bhatta Managing Director Srikantha Seetharam Bhatta Whole-Time Director Ananda Seetharama Bhatta Whole-Time Director

Recognitions & Rankings of Lotus Powergear

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-03-0062767

Contact details

Lotus Powergear Private Limited's registered office is in Bangalore, Karnataka. Its website is lppl.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    lppl.in
  • Social Media
  • Registered Address
    12/13 K M Doddakallasandrakanakapura Road Bangalore, Karnataka, India – 560062
  • Industry
    Energy and Power, Power Equipment Manufacturers

To see the full contact details of Lotus Powergear Private Limited, buy the company report.

Comprehensive company report
Lotus Powergear 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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Business activity

The main business activity of Lotus Powergear is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Lotus Powergear Private Limited, buy the company report.

Financials of Lotus Powergear Private Limited

FY 2025 filings available

Lotus Powergear Private Limited reported revenue of ₹32.57 Cr (down 48% YoY) for FY 2025.

Revenue · FY 2025
₹32.57 Cr ▼ 48%
Net loss · FY 2025
₹2.36 Cr margin -7.2%
EBITDA · FY 2025
₹2.07 Cr margin 6.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 1%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 63%

Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 48% fall in the latest year. EBITDA fell 63% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹2.07 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.36 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.4%
Net Profit Margin-7.2%
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

To see the full financial statements and ratios of Lotus Powergear Private Limited, buy the company report.

Board of directors of Lotus Powergear Private Limited

Lotus Powergear has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Srikantha Seetharam Bhatta
Also directs: Abhaya Power Systems Private Limited
Whole-Time Director16 Jun 200323 Years 4 MonthsCurrent
Srinivasa Seetharama Bhatta
Also directs: Abhaya Power Systems Private Limited
Managing Director01 Jan 199432 Years 10 MonthsCurrent
Ananda Seetharama Bhatta
Also directs: Abhaya Power Systems Private Limited
Whole-Time Director16 Jun 200323 Years 4 MonthsCurrent
View all directors

Peer comparison

Lotus Powergear Private Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Photon Energy Systems Private Limited₹32.8 Cr (FY 2024)12.0%R.C.Puram, Telangana, India
Air Break Switchgear Products Private Limited₹32.63 Cr (FY 2025)66.0%Vadodara, Gujarat, India
Dynamic Panels and Controls Private Limited₹32.62 Cr (FY 2025)26.0%Chennai, Tamil Nadu, India
Lotus Powergear Private Limitedthis company₹32.57 Cr (FY 2025)-₹2.36 Cr-7.2%-48.0%80Bangalore, Karnataka, India
Tbea (India) Transformer Private Limited₹32.45 Cr (FY 2025)-5.0%Karjan, Gujarat, India
Marudhar Ceramics Private Limited₹32.4 Cr (FY 2025)3.0%Bikaner, Rajasthan, India
Ifore Green Power Private Limited₹32.38 Cr (FY 2025)7.0%Coimbatore, Tamil Nadu, India
Instasine Power Technologies Private Limited₹32.33 Cr (FY 2025)19.0%Thane, Maharashtra, India

To see the full peer comparison of Lotus Powergear Private Limited, buy the company report.

Auditor

Lotus Powergear Private Limited is audited by Gowthama & Company for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Gowthama & CompanyFY 2025005917S

Shareholding

The shareholding of Lotus Powergear Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2025FY 2024FY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Lotus Powergear Private Limited, buy the company report.

Charges & borrowings

Open charges
₹56.02 Cr
Satisfied charges
₹45.49 Cr
Breakdown by lending institutions
Others₹56.02 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Nov 2025101220131Others₹5.5 CrOpen
23 Dec 2020100405355Others₹32.33 CrOpen
20 Feb 2017100112410Others₹18.19 CrOpen
18 Dec 201510613058Karnataka State Financial Corporation₹10 CrSatisfied
19 Apr 200580001731Corporation Bank₹5 CrSatisfied

To see the full charge records of Lotus Powergear Private Limited, buy the company report.

Total charge records: 18 View all charges

Deals & funding

Lotus Powergear Private Limited has 2 deals on record (2 secondary share transfers); the latest was in June 2011.

Total deals
2
Secondary share transfers
2

Deals on record (2 of 2)

WhenDealAmountParties
Jun 2011Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2009Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Lotus Powergear Private Limited was last rated by Brickwork on 15 Dec 2021.

Rating agencyRated onRating
Brickwork15 Dec 2021

To see the full credit ratings and regulatory alerts of Lotus Powergear Private Limited, buy the company report.

MSME payment delays

Lotus Powergear Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,324 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
Sr Indus Electro Sys Private Limited
Kalpa Electrikal Private Limited
Prok Devices Private Limited
Varna Coats Private Limited
Samrudhini Power and Energy Solutions Private Limited

To see the full MSME payment records of Lotus Powergear Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Lotus Powergear Private Limited has a workforce of 80 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.

Employee count
80
Active EPFO establishments
1
Employee growth
-29.82%

GST

Lotus Powergear has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAACL2429B1ZWKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Lotus Powergear Private Limited, buy the company report.

Recent activity

Lotus Powergear Private Limited has 6 board changes on record since 1994: 3 appointments and 3 cessations. The latest: Venkatesh Prasad Seetharam Manchanehalli ceased to be Director on 31 Oct 2017.

Charges
A charge with Others amounted to Rs. 5.50 Cr with Charge ID 101220131 was registered on 06 Nov 2025.
AGM
Lotus Powergear Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Lotus Powergear Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 19 Apr 2005 via Charge ID 80001731 with Corporation Bank was fully satisfied on 01 Mar 2021.
Charges
A charge registered on 04 Mar 2005 via Charge ID 90192959 with Corporation Bank was fully satisfied on 01 Mar 2021.
Charges
A charge with Others of Rs. 32.33 Cr registered on 23 Dec 2020 with Charge ID 100405355 was modified on 29 Dec 2020.
Charges
A charge with Others amounted to Rs. 32.33 Cr with Charge ID 100405355 was registered on 23 Dec 2020.
Charges
A charge with Others of Rs. 18.19 Cr registered on 20 Feb 2017 with Charge ID 100112410 was modified on 31 Jan 2018.
Ceased
Venkatesh Prasad Seetharam Manchanehalli ceased to be Director.
Charges
A charge registered on 18 Dec 2015 via Charge ID 10613058 with Karnataka State Financial Corporation was fully satisfied on 08 Aug 2017.
Charges
A charge with Others amounted to Rs. 18.19 Cr with Charge ID 100112410 was registered on 20 Feb 2017.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 10.00 Cr with Charge ID 10613058 was registered on 18 Dec 2015.

36 earlier events are in the company report.

Frequently asked questions

Lotus Powergear is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 August 1977 (49+ years old) and is registered under CIN U40101KA1977PTC003196.

Lotus Powergear has 3 current directors:

The latest financial statements of Lotus Powergear 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.

The GSTIN of Lotus Powergear is 29AAACL2429B1ZW, registered in Karnataka.

The CIN (Corporate Identification Number) of Lotus Powergear is U40101KA1977PTC003196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Lotus Powergear has 47 court cases on record: 13 filed by the company and 34 filed against it. 1 is pending. Most are in the district courts.

Lotus Powergear was incorporated on 18 August 1977, making it 49+ years old. It is registered with the Registrar of Companies, Bangalore.

Lotus Powergear has 2 deals on record (2 secondary share transfers); the latest was in June 2011.

The peers of Lotus Powergear by revenue are Photon Energy Systems Private Limited, Air Break Switchgear Products Private Limited, Dynamic Panels and Controls Private Limited, Tbea (India) Transformer Private Limited, Marudhar Ceramics Private Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Venkatesh Prasad Seetharam Manchanehalli ceased to be Director on 31 Oct 2017. Narendra Chenjeri Rama Murthy ceased to be Additional Director on 31 Mar 2015. Nishanimath Gurupadaiya Suresh ceased to be Whole-Time Director on 30 Jun 2011. Lotus Powergear has 6 board changes on record in total.

Yes, Lotus Powergear is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0062767).

Lotus Powergear has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,324 overdue payments to 17 micro and small suppliers. The latest return was filed on 04 Jan 2024.