DPIIT recognised startup Government of India
Startup India
Next Defence Private Limited - aerospace, maritime and defense in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.82 Cr
▲ 310% YoY
Net profit · FY 2024
₹31.35 Lakh
Net margin 11.1%
EBITDA · FY 2024
₹62.64 Lakh
EBITDA margin 22.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.97 Cr
Issued & subscribed
Open charges
₹6 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
7
Provident fund records
About Next Defence Private Limited
Data last updated:
Next Defence Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 20 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29300KA2021PTC153279. Its GSTIN is 29AAHCN8729P1ZF (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.97 Cr. It is led by directors Coimbatore Raghavendra Shashidhar (Managing Director) and Ravi Ramesh Machani.
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 No. 375 Room No. C 13th Main Road 3rd Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹31.35 Lakh (net margin 11.1%) and EBITDA of ₹62.64 Lakh (EBITDA margin 22.2%).
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 Cr on record.
Next Defence Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0149604). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nextdefence.com.
Company Details of Next Defence Private Limited
CIN U29300KA2021PTC153279
Registration Number 153279
Incorporation Date 20 October 2021
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
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0149604
Recognitions & Rankings of Next Defence
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0149604
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 375 Room No. C 13th Main Road 3rd Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
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Business Activity of Next Defence Private Limited
The main business activity of Next Defence is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Next Defence Private Limited FY 2025 filings available
Next Defence Private Limited reported revenue of ₹2.82 Cr (up 310% YoY) for FY 2024.
Revenue · FY 2024
₹2.82 Cr ▲ 310%
Net profit · FY 2024
₹31.35 Lakh margin 11.1%
EBITDA · FY 2024
₹62.64 Lakh margin 22.2%
Compounded Annual Growth Rate (CAGR) of Next Defence Private Limited
Revenue CAGR growth
1 year
▲ 310%
EBITDA CAGR growth
1 year
▲ 477%
Revenue rose 310% in the latest year. EBITDA rose 477% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Next Defence Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹62.64 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.35 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 of Next Defence Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 22.2% | •••• | •••• |
| Net Profit Margin | 11.1% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Next Defence are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
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Board of Directors of Next Defence Private Limited
Next Defence has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Coimbatore Raghavendra Shashidhar | Managing Director | 20 Oct 2021 | 5 Years 0 Months | Current |
| Ravi Ramesh Machani | Director | 28 Dec 2022 | 3 Years 9 Months | Current |
Peer Comparison of Next Defence Private Limited
Next Defence Private Limited is compared with the companies closest to it by revenue in the Defence industry (Defence Products and Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSR Dynamics Private Limited | ₹3.65 Cr (FY 2025) | •••• | •••• | 238.0% | •••• | Dhaampeth, Nagpur, Maharashtra, India |
| Aerod Technologies Private Limited | ₹3.33 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Edge 2 Systems Private Limited | ₹3.31 Cr (FY 2025) | •••• | •••• | -87.0% | •••• | Noida, Uttar Pradesh, India |
| Prime Uav Private Limited | ₹3.26 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | Mehsana, Gujarat, India |
| Astr Defence Private Limited | ₹3.05 Cr (FY 2024) | •••• | •••• | 305108.0% | •••• | Hubli, Karnataka, India |
| Next Defence Private Limited this company | ₹2.82 Cr (FY 2024) | •••• | •••• | 310.0% | •••• | Bangalore, Karnataka, India |
| Hawk Armor Protection & Safety Solutions Private Limited | ₹2.65 Cr (FY 2025) | •••• | •••• | 108.0% | •••• | New Delhi, Delhi, India |
| Avvoi Technologies Private Limited | ₹2.49 Cr (FY 2025) | •••• | •••• | 922.0% | •••• | Bangalore, Karnataka, India |
| Ordefence Systems Limited | ₹2.47 Cr (FY 2025) | •••• | •••• | -77.0% | •••• | Ahmedabad, Gujarat, India |
| Kadet Defence Systems Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Kolkata, West Bengal, India |
| Evitar Systems Private Limited | ₹2.41 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Next Defence by revenue in the Defence industry (Defence Products and Technology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Next Defence Private Limited
Next Defence Private Limited is audited by Suresh & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Suresh & Co. | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Next Defence Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Next Defence Private Limited
Open charges
₹6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jan 2024 | Others | ₹6 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Next Defence Private Limited
Employment history and EPFO contributions of people linked to Next Defence.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Next Defence Private Limited
Next Defence Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Ishwar Subramanian ceased to be Director on 21 May 2024.
AGM
Next Defence Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Next Defence Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ishwar Subramanian ceased to be Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100856154 was registered on 03 Jan 2024.
Ceased
Ravi Ramesh Machani ceased to be Additional Director.
Appointed
Ravi Ramesh Machani was appointed as Director.
Appointed
Coimbatore Raghavendra Shashidhar was appointed as Managing Director.
Incorporation
20 Oct 2021
Next Defence Private Limited was registered on 20 Oct 2021 with Roc Bangalore & aged 5 years 1 day as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Next Defence Private Limited
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MSME Payment Delays by Next Defence Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Next Defence Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Next Defence Private Limited
Next Defence has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCN8729P1ZF | Karnataka | Active | 05 Jan 2022 |
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MCA Filings & Documents of Next Defence Private Limited
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Frequently Asked Questions about Next Defence Private Limited
Next Defence is an active private limited company based in Bangalore, Karnataka, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 20 October 2021 (5+ years old) and is registered under CIN U29300KA2021PTC153279.
Next Defence reported revenue of ₹2.82 Cr for FY 2024 (up 310% YoY).
Next Defence has 2 current directors:
- Coimbatore Raghavendra Shashidhar - Managing Director
- Ravi Ramesh Machani - Director
Next Defence reported a net profit of ₹31.35 Lakh (net margin 11.1%) and EBITDA of ₹62.64 Lakh (EBITDA margin 22.2%) for FY 2024, as per its filed financial statements.
The GSTIN of Next Defence is 29AAHCN8729P1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Next Defence is U29300KA2021PTC153279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Next Defence was incorporated on 20 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Next Defence by revenue are JSR Dynamics Private Limited, Aerod Technologies Private Limited, Edge 2 Systems Private Limited, Prime Uav Private Limited, Astr Defence Private Limited and 5 more, all in the Defence industry (Defence Products and Technology).
Ishwar Subramanian ceased to be Director on 21 May 2024. Ravi Ramesh Machani ceased to be Additional Director on 18 Sep 2023. Ravi Ramesh Machani was appointed as Director on 28 Dec 2022. Next Defence has 4 board changes on record in total.
Yes, Next Defence is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Next Defence is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0149604).