About Mitsubishi Elevator India Private Limited
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Mitsubishi Elevator India Private Limited is a private limited company based in Kolar, Karnataka, India, a subsidiary of Mitsubishi Corporation. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 24 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29300KA2012PTC107614. Its GSTIN is 29AAICM1338G1ZF (Karnataka). The company holds 23 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹61.25 Cr and a paid-up capital of ₹6.7 Cr. It was formerly known as Mitsubishi Elevator Eta India Private Limited. It is led by directors including Yoshitaka Asaba (Managing Director) and Suresh Kalathur (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolar, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹836.5 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹79.27 Cr (net margin 9.5%) and EBITDA of ₹127.3 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
The company has about 1,198 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mitsubishi Elevator India. As per MCA filings, the company has open charges of ₹4.5 Cr on record. Court records list 34 cases involving the company, including 27 filed by the company and 7 filed against it; 4 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹44.1 Cr; the latest was in March 2024. The company has 30 MSME Form 1 returns on record between 2013 and 2024, listing 545 overdue payments to 298 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mitsubishielevator.in.
Company details
CIN history
Mitsubishi Elevator India has one previous CIN (Corporate Identification Number): U29300TN2012PTC087354. The current CIN is U29300KA2012PTC107614, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29300KA2012PTC107614 | Current |
| U29300TN2012PTC087354 | Previous |
Contact details
Mitsubishi Elevator India Private Limited's registered office is in Kolar, Karnataka. Its website is mitsubishielevator.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 59 – 63 & 65 – 71 Vemagal Industrial Area Shingehalli Village Vemagal Hobli Kol, Ar Taluk, Kolar, Karnataka, India – 563102
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Mitsubishi Elevator India 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
Brands
Mitsubishi Elevator India operates one associated brand: Mitsubishi Elevator India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of inspection, simulation, and consulting services for elevator manufacturing industry | mitsubishielevator.in |
Business activity
The main business activities of Mitsubishi Elevator India are manufacturing and support service to organizations. In detail, this covers repair & installation of machinery & equipment, motor vehicles and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Mitsubishi Elevator India Private Limited, buy the company report.
Financials of Mitsubishi Elevator India Private Limited
FY 2025 filings availableMitsubishi Elevator India Private Limited reported revenue of ₹836.5 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 17% growth in the latest year. EBITDA rose 4% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹127.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79.27 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 9.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mitsubishi Elevator India Private Limited, buy the company report.
Board of directors and KMP of Mitsubishi Elevator India Private Limited
Mitsubishi Elevator India Private Limited currently reports 10 directors and 1 key managerial person. 43 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yasushi Suzuki | Director | 07 Sep 2020 | 6 Years 1 Months | Current |
| Atsushi Takase | Director | 01 Oct 2024 | 2 Years 0 Months | Current |
| Kiran Nagraj Gowda Also directs: Vogo Foods LLP | Company Secretary | 18 Dec 2017 | 8 Years 10 Months | Current |
| Suresh Kalathur | Whole-Time Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Jun Takahashi | Whole-Time Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Yoshihiko Koizumi | Additional Director | 30 Apr 2024 | 2 Years 5 Months | Current |
Auditor
Mitsubishi Elevator India Private Limited is audited by BSR & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2023 | 101248W |
Shareholding
The shareholding of Mitsubishi Elevator India 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 Mitsubishi Elevator India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2016 | 100018025 | The Hongkong and Shanghai Banking Corporation Limited | ₹4.5 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Mitsubishi Elevator India Private Limited has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹44.1 Cr; the latest was in March 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Mitsubishi Electric Corporation Seller: Mitsubishi Corporation |
| Jun 2015 | Rights issue | ₹129.47 Cr | Investors: Mitsubishi Corporation, Mitsubishi Electric India Private Limited , Mitsubishi Electric Corporation |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Mitsubishi Corporation, Mitsubishi Electric Corporation Seller: ETA Ascon Holding LLC |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: ETA Ascon Holding LLC Seller: an individual |
| Jul 2013 | Funding round | ₹44.1 Cr | Investors: ETA Ascon Holding LLC, Mitsubishi Electric Corporation, Mitsubishi Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mitsubishi Elevator India Private Limited has 34 court cases on record: 27 filed by Mitsubishi Elevator India, 7 filed against it. 4 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 4 | 1 |
| District courts | 11 | 3 | 3 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (Ex.COMM - Award by Arb. Comm.) | Filed by the company against Eos Hospitality Pvt Ltd | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed against the company by Ms Laxmi Infobahn Private Limited | Disposed |
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed against the company by Ms Gar and Son Builders LLP | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Lotus Logistics and Developers Private Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Lotus Grih Nirman Private Limited | Disposed |
To see the full case history of Mitsubishi Elevator India 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
Mitsubishi Elevator India Private Limited has 30 MSME Form 1 returns on record between 2013 and 2024, listing 545 overdue payments to 298 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 298)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amara Raja Electronics Limited | |||
| Mallik Multitechnologies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Harshal Control Systems Private Limited |
To see the full MSME payment records of Mitsubishi Elevator India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mitsubishi Elevator India Private Limited has a workforce of 1,198 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Mitsubishi Elevator India has 23 GST registrations: 20 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM1338G1ZF | Karnataka | Active | 01 Jul 2017 |
| 02AAICM1338G1ZV | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAICM1338G1ZT | Punjab | Active | 01 Jul 2017 |
| 04AAICM1338G1ZR | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mitsubishi Elevator India Private Limited, buy the company report.
Recent activity
Mitsubishi Elevator India Private Limited has 52 board changes on record since 2014: 11 appointments and 41 cessations. The latest: Atsushi Takase ceased to be Additional Director on 18 Sep 2025.
44 earlier events are in the company report.
Frequently asked questions
Mitsubishi Elevator India is an active private limited company based in Kolar, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 24 August 2012 (14+ years old) and is registered under CIN U29300KA2012PTC107614.
Mitsubishi Elevator India has 11 current directors and KMP:
- Yoshitaka Asaba - Managing Director
- Suresh Kalathur - Whole-Time Director
- Jun Takahashi - Whole-Time Director
- Muralidharan Natarajan - Whole-Time Director
- Yasushi Suzuki - Director
- Atsushi Takase - Director
- Yoshihiko Koizumi - Additional Director
- Kazuhiko Tamura - Director
- Hajime Fujimoto - Director
- Nobuhiko Sasaki - Director
- Kiran Nagraj Gowda - Company Secretary
The latest financial statements of Mitsubishi Elevator India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mitsubishi Elevator India is 29AAICM1338G1ZF, registered in Karnataka. The company has 23 GST registrations in all, of which 20 are active and 3 are cancelled or inactive. Other active GSTINs include 02AAICM1338G1ZV (Himachal Pradesh), 03AAICM1338G1ZT (Punjab), 04AAICM1338G1ZR (Chandigarh).
The CIN (Corporate Identification Number) of Mitsubishi Elevator India is U29300KA2012PTC107614. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitsubishi Elevator India has 34 court cases on record: 27 filed by the company and 7 filed against it. 4 are pending. Most are in the high courts.
Mitsubishi Elevator India was incorporated on 24 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Mitsubishi Elevator India has 5 deals on record (3 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹44.1 Cr; the latest was in March 2024.
Atsushi Takase ceased to be Additional Director on 18 Sep 2025. Hajime Fujimoto ceased to be Additional Director on 18 Sep 2025. Nobuhiko Sasaki ceased to be Additional Director on 18 Sep 2025. Mitsubishi Elevator India has 52 board changes on record in total.
Mitsubishi Elevator India has 30 MSME Form 1 returns on record between 2013 and 2024, listing 545 overdue payments to 298 micro and small suppliers. The latest return was filed on 01 May 2024.
Mitsubishi Elevator India can be reached through the website mitsubishielevator.in. Its registered office is in Kolar, Karnataka, India.