MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0127912
Abletech Electro Engineers Private Limited - infrastructure and utilities in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.62 Cr
▼ 25% YoY
Net profit · FY 2024
₹3.88 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹18.6 Lakh
EBITDA margin 3.3%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.38 Cr
Issued & subscribed
Open charges
₹1.23 Cr
Satisfied ₹44.27 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
36
Provident fund records
About Abletech Electro Engineers Private Limited
Data last updated:
Abletech Electro Engineers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 20 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA1991PTC011685. Its GSTIN is 29AADCA3840Q1Z8 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.38 Cr. It is led by directors including Kudthrubail Diwakar Shetty and Sharada Shetty.
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 #766 Greenergy House 8th Main 3rd Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.62 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.88 Lakh (net margin 0.7%) and EBITDA of ₹18.6 Lakh (EBITDA margin 3.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
The company has about 36 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Abletech Electro Engineers Private Limited. As per MCA filings, the company has open charges of ₹1.23 Cr and satisfied charges of ₹44.27 Cr on record. Court records list 13 cases involving the company, including 4 filed by the company and 9 filed against it; 1 case is pending.
Abletech Electro Engineers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0127912). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ableteq.com.
Company details
CIN U31909KA1991PTC011685
Registration Number 011685
Incorporation Date 20 February 1991
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-03-0127912
CIN history
Abletech Electro Engineers has one previous CIN (Corporate Identification Number): U02919KA1991PTC011685. The current CIN is U31909KA1991PTC011685, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909KA1991PTC011685 | Current |
| U02919KA1991PTC011685 | Previous |
Recognitions & Rankings of Abletech Electro Engineers
Contact details
Abletech Electro Engineers Private Limited's registered office is in Bangalore, Karnataka. Its website is ableteq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#766 Greenergy House 8th Main 3rd Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Abletech Electro Engineers Private Limited, buy the company report.
Comprehensive company report
Abletech Electro Engineers 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
Abletech Electro Engineers operates one associated brand: Abletech Electro Engineers Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy infrastructure and project services in India. | ableteq.com |
Business activity
The main business activity of Abletech Electro Engineers 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 Abletech Electro Engineers Private Limited, buy the company report.
Financials of Abletech Electro Engineers Private Limited
FY 2024 filings availableAbletech Electro Engineers Private Limited reported revenue of ₹5.62 Cr (down 25% YoY) for FY 2024.
Revenue · FY 2024
₹5.62 Cr ▼ 25%
Net profit · FY 2024
₹3.88 Lakh margin 0.7%
EBITDA · FY 2024
₹18.6 Lakh margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 88%
3 years · compounded
▼ 43%
5 years · compounded
▼ 9%
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 25% fall in the latest year. EBITDA fell 88% 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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| EBITDA | ₹18.6 Lakh | ||||
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| Net Profit (PAT) | ₹3.88 Lakh | ||||
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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 | 3.3% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Abletech Electro Engineers Private Limited, buy the company report.
Board of directors of Abletech Electro Engineers Private Limited
Abletech Electro Engineers has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kudthrubail Diwakar Shetty Also directs: Newzen Energy and Infra LLP, Newzen Clean Energy Private Limited, Sattva Solar Energy (One) Private Limited and 5 more | Director | 16 Jan 2024 | 2 Years 9 Months | Current |
| Sharada Shetty | Director | 16 Jan 2024 | 2 Years 9 Months | Current |
| Disha Shetty | Director | 20 Jun 2023 | 3 Years 4 Months | Current |
Auditor
Abletech Electro Engineers Private Limited is audited by S. Raveendra & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Raveendra & Co | FY 2023 | 014727S |
Shareholding
The shareholding of Abletech Electro Engineers 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 Abletech Electro Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.23 Cr
Satisfied charges
₹44.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2024 | 100953110 | Axis Bank Limited | ₹1.23 Cr | Open | |
| 05 May 2009 | 10154590 | Uco Bank | ₹10 Cr | Satisfied | |
| 12 Mar 2007 | 10042599 | State Bank of India | ₹17.11 Cr | Satisfied | |
| 07 Mar 2005 | 80043722 | Uco Bank | ₹6.79 Cr | Satisfied | |
| 10 Aug 2004 | 80043721 | Uco Bank | ₹30 Lakh | Satisfied |
To see the full charge records of Abletech Electro Engineers Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Abletech Electro Engineers Private Limited has 13 court cases on record: 4 filed by Abletech Electro Engineers, 9 filed against it. 1 case is pending and 12 are disposed.
Total cases
13
Filed by the company
4
Filed against the company
9
Pending
1
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 4 | 1 |
| District courts | 6 | 5 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed against the company by M-Four Consulting Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Khoday Contract Systems Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Khoday Control Systems Pvt. Ltd. | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by M/S. Disha Power Corporation Pvt. Ltd. | Disposed |
To see the full case history of Abletech Electro Engineers 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 Abletech Electro Engineers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Abletech Electro Engineers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Aepl Grotek Renewable Energy Private Limited | U40106KA2022PTC156912 |
To see the full group structure of Abletech Electro Engineers Private Limited, buy the company report.
Employees & EPFO
Abletech Electro Engineers Private Limited has a workforce of 36 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
GST
Abletech Electro Engineers has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCA3840Q1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Abletech Electro Engineers Private Limited, buy the company report.
Recent activity
Abletech Electro Engineers Private Limited has 10 board changes on record since 2012: 3 appointments and 7 cessations. The latest: Isha Shetty ceased to be Director on 16 Jan 2024.
AGM
Abletech Electro Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.23 Cr with Charge ID 100953110 was registered on 29 Jul 2024.
Filing
Abletech Electro Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Isha Shetty ceased to be Director.
Appointed
Kudthrubail Diwakar Shetty was appointed as Director.
Appointed
Sharada Shetty was appointed as Director.
Appointed
Disha Shetty was appointed as Director.
Ceased
Kudthrubail Diwakar Shetty ceased to be Managing Director.
Charges
A charge registered on 05 May 2009 via Charge ID 10154590 with Uco Bank was fully satisfied on 18 Nov 2022.
Charges
A charge registered on 12 Mar 2007 via Charge ID 10042599 with State Bank Of India was fully satisfied on 03 Oct 2019.
Ceased
Sharada Shetty ceased to be Director.
Ceased
Rama Baba Prasad ceased to be Director.
19 earlier events are in the company report.
Frequently asked questions
Abletech Electro Engineers is an active private limited company based in Bangalore, Karnataka, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 20 February 1991 (35+ years old) and is registered under CIN U31909KA1991PTC011685.
Abletech Electro Engineers has 3 current directors:
- Kudthrubail Diwakar Shetty - Director
- Sharada Shetty - Director
- Disha Shetty - Director
The latest financial statements of Abletech Electro Engineers 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 Abletech Electro Engineers is 29AADCA3840Q1Z8, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Abletech Electro Engineers is U31909KA1991PTC011685. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abletech Electro Engineers has 13 court cases on record: 4 filed by the company and 9 filed against it. 1 is pending. Most are in the high courts.
Abletech Electro Engineers was incorporated on 20 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
Isha Shetty ceased to be Director on 16 Jan 2024. Kudthrubail Diwakar Shetty was appointed as Director on 16 Jan 2024. Sharada Shetty was appointed as Director on 16 Jan 2024. Abletech Electro Engineers has 10 board changes on record in total.
Yes, Abletech Electro Engineers is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0127912).
Abletech Electro Engineers can be reached through the website ableteq.com. Its registered office is in Bangalore, Karnataka, India.