MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0004054
Surya Elevators Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹19.28 Cr
▼ 18% YoY
Net profit · FY 2024
₹23.96 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹35.24 Lakh
EBITDA margin 1.8%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹32.5 Lakh
Issued & subscribed
Open charges
₹1.15 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
59
Provident fund records
About Surya Elevators Private Limited
Data last updated:
Surya Elevators Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29150KA2005PTC037397. Its GSTIN is 29AAJCS4808G1Z3 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹32.5 Lakh. It is led by directors Kovuru Arunachalam (Managing Director) and Rajani Chalichimala Subramanyam (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 9 31st Main C.J. Naidu Layout Banagiri Nagar Bsk 3rd Stage, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.28 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹23.96 Lakh (net margin 1.2%) and EBITDA of ₹35.24 Lakh (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
The company has about 59 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Surya Elevators. As per MCA filings, the company has open charges of ₹1.15 Cr on record. Court records list 11 cases involving the company, including 10 filed by the company and 1 filed against it; 1 case is pending.
Surya Elevators Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0004054). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suryaelevators.com.
Company details
CIN U29150KA2005PTC037397
Registration Number 037397
Incorporation Date 06 October 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0004054
Recognitions & Rankings of Surya Elevators
Contact details
Surya Elevators Private Limited's registered office is in Bangalore, Karnataka. Its website is suryaelevators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 9 31st Main C.J. Naidu Layout Banagiri Nagar Bsk 3rd Stage, Bangalore, Karnataka, India – 560085
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Surya Elevators Private Limited, buy the company report.
Comprehensive company report
Surya Elevators 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
Surya Elevators operates one associated brand: Surya Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of elevators for residential, commercial, and industrial applications, with an emphasis on quality and safety features. | suryaelevators.com |
Business activity
The main business activity of Surya Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Surya Elevators Private Limited, buy the company report.
Financials of Surya Elevators Private Limited
FY 2024 filings availableSurya Elevators Private Limited reported revenue of ₹19.28 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹19.28 Cr ▼ 18%
Net profit · FY 2024
₹23.96 Lakh margin 1.2%
EBITDA · FY 2024
₹35.24 Lakh margin 1.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 3%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 28%
5 years · compounded
▼ 24%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 18% fall in the latest year. EBITDA fell 17% 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 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹35.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.96 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 1.8% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Surya Elevators Private Limited, buy the company report.
Board of directors of Surya Elevators Private Limited
Surya Elevators has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kovuru Arunachalam Also directs: Ascent Lifts & Escalators Private Limited, Aarve Lift Products Private Limited, Aarve Solar Private Limited and 1 more | Managing Director | 06 Oct 2005 | 21 Years 0 Months | Current |
| Rajani Chalichimala Subramanyam | Whole-Time Director | 02 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Surya Elevators Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zeus Engitech Private Limited | ₹19.55 Cr (FY 2025) | 63.0% | Ahmedabad, Gujarat, India | |||
| Meeka Machinery Private Limited | ₹19.46 Cr (FY 2025) | 36.0% | Ahmedabad, Gujarat, India | |||
| Reliable Lifts India Private Limited | ₹19.37 Cr (FY 2024) | 23.0% | Pune, Maharashtra, India | |||
| Iee Lifts Private Limited | ₹19.29 Cr (FY 2025) | 40.0% | Mohali, Punjab, India | |||
| Surya Elevators Private Limitedthis company | ₹19.28 Cr (FY 2024) | ₹23.96 Lakh | 1.2% | -18.0% | 59 | Bangalore, Karnataka, India |
| Garuda Cranes Private Limited | ₹19.22 Cr (FY 2024) | 101.0% | Thane, Maharashtra, India | |||
| Techmech Cranes India Private Limited | ₹19.05 Cr (FY 2024) | 48.0% | Medchal, Telangana, India | |||
| Usha Elevators Private Limited | ₹18.96 Cr (FY 2024) | 29.0% | Bangalore, Karnataka, India | |||
| Synergy Industrial Services Pvt Ltd | ₹18.84 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Surya Elevators Private Limited, buy the company report.
Auditor
Surya Elevators Private Limited is audited by ANITHA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANITHA AND ASSOCIATES | FY 2023 | 016742S |
Shareholding
The shareholding of Surya Elevators 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 Surya Elevators Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2025 | 101075321 | Indian Bank | ₹10 Lakh | Open | |
| 22 Jun 2020 | 100354086 | Canara Bank | ₹15 Lakh | Open | |
| 29 Oct 2009 | 10191989 | Syndicate Bank | ₹75 Lakh | Open | |
| 07 Mar 2008 | 10104504 | Andhra Bank | ₹15 Lakh | Open |
Total charge records: 4 View all charges
Legal cases
Surya Elevators Private Limited has 11 court cases on record: 10 filed by Surya Elevators, 1 filed against it. 1 case is pending and 10 are disposed.
Total cases
11
Filed by the company
10
Filed against the company
1
Pending
1
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 0 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Ms Surya Elevators and Escalators India Private Limited and 2 others | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against M/S. Suryodaya Elevators Private Limited and 1 other | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by Surya Elevators & Escalators India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Surya Elevators and Escalators India Pvt Ltd and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against State of Karnataka and 2 others | Pending |
To see the full case history of Surya Elevators 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 Surya Elevators Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Surya Elevators Private Limited has a workforce of 59 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
59
Active EPFO establishments
1
Employee growth
-33.71%
GST
Surya Elevators has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCS4808G1Z3 | Karnataka | Active | 01 Jul 2017 |
| 37AAJCS4808G1Z6 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Surya Elevators Private Limited, buy the company report.
Recent activity
Surya Elevators Private Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Surendranadha Reddy Chinnakhambham ceased to be Director on 22 Jan 2011.
Charges
A charge with Indian Bank amounted to Rs. 10.00 Lakh with Charge ID 101075321 was registered on 07 Apr 2025.
AGM
Surya Elevators Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Surya Elevators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 15.00 Lakh with Charge ID 100354086 was registered on 22 Jun 2020.
Ceased
Surendranadha Reddy Chinnakhambham ceased to be Director.
Appointed
Rajani Chalichimala Subramanyam was appointed as Whole-Time Director.
Charges
A charge with Syndicate Bank amounted to Rs. 75.00 Lakh with Charge ID 10191989 was registered on 29 Oct 2009.
Charges
A charge with Andhra Bank amounted to Rs. 15.00 Lakh with Charge ID 10104504 was registered on 07 Mar 2008.
Appointed
Kovuru Arunachalam was appointed as Managing Director.
Appointed
Surendranadha Reddy Chinnakhambham was appointed as Director.
Incorporation
06 Oct 2005
Surya Elevators Private Limited was registered on 06 Oct 2005 with Roc Bangalore & aged 21 years 19 days as per MCA records.
Frequently asked questions
Surya Elevators is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 October 2005 (21+ years old) and is registered under CIN U29150KA2005PTC037397.
Surya Elevators has 2 current directors:
- Kovuru Arunachalam - Managing Director
- Rajani Chalichimala Subramanyam - Whole-Time Director
The latest financial statements of Surya Elevators on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Surya Elevators is 29AAJCS4808G1Z3, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAJCS4808G1Z6 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Surya Elevators is U29150KA2005PTC037397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surya Elevators has 11 court cases on record: 10 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Surya Elevators was incorporated on 06 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Surya Elevators by revenue are Zeus Engitech Private Limited, Meeka Machinery Private Limited, Reliable Lifts India Private Limited, Iee Lifts Private Limited, Garuda Cranes Private Limited and 3 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Surendranadha Reddy Chinnakhambham ceased to be Director on 22 Jan 2011. Rajani Chalichimala Subramanyam was appointed as Whole-Time Director on 02 Dec 2010. Kovuru Arunachalam was appointed as Managing Director on 06 Oct 2005. Surya Elevators has 4 board changes on record in total.
Yes, Surya Elevators is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0004054).
Surya Elevators can be reached through the website suryaelevators.com. Its registered office is in Bangalore, Karnataka, India.