About Online Instruments (India) Limited
Data last updated:
Online Instruments (India) Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 20 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2006PLC038521. Its GSTIN is 29AAACO8088P1ZH (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.85 Cr. It is led by directors including Shivanand Mallappa Mahashetti (Managing Director) and Mahesh Basalingappa Bellad (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹526.3 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹35.33 Cr (net margin 6.7%) and EBITDA of ₹57.92 Cr (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 15% over five years.
The company is associated with 2 brands: Online Instruments and Orangeplus Led. As per MCA filings, the company has open charges of ₹293.05 Cr and satisfied charges of ₹108.81 Cr on record. Court records list 20 cases involving the company, including 15 filed by the company and 5 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website onlineinstruments.co.in.
Company details
CIN history
Online Instruments (India) has one previous CIN (Corporate Identification Number): U51909KA2006PTC038521. The current CIN is U51909KA2006PLC038521, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909KA2006PLC038521 | Current |
| U51909KA2006PTC038521 | Previous |
Contact details
Online Instruments (India) Limited's registered office is in Bangalore, Karnataka. Its website is onlineinstruments.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDnr Altitude No.8/1, 11th Floor Tumkur Road, Bangalore, Karnataka, India – 560022
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Online Instruments (India) 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
Online Instruments (India) operates two associated brands: Online Instruments and Orangeplus Led. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AV systems integration, lighting, and automation services are provided globally. | onlineinstruments.co.in | |
| LED lighting products manufacturer in India. | orangeplus.in |
Business activity
The main business activity of Online Instruments (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Online Instruments (India) Limited, buy the company report.
Financials of Online Instruments (India) Limited
FY 2025 filings availableOnline Instruments (India) Limited reported revenue of ₹526.3 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 45% growth in the latest year. EBITDA rose 73% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹526.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹57.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.33 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 6.7% | ||||
| 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 Online Instruments (India) Limited, buy the company report.
Board of directors of Online Instruments (India) Limited
Online Instruments (India) has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivanand Mallappa Mahashetti Also directs: Mahabell Industries India Private Limited | Managing Director | 20 Feb 2006 | 20 Years 8 Months | Current |
| Mahesh Basalingappa Bellad Also directs: Mahabell Industries India Private Limited | Whole-Time Director | 20 Feb 2006 | 20 Years 8 Months | Current |
| Vijendra Babu Nagaraj | Director | 08 Jan 2026 | 0 Years 9 Months | Current |
| Krishnabhagawan Srinivasa Ranga | Director | 08 Jan 2026 | 0 Years 9 Months | Current |
| Sujitha Karnad Also directs: Indo-Mim Arms Components Private Limited, Indo-Mim Limited, Prudent Eco Systems Private Limited and 2 more | Director | 08 Jan 2026 | 0 Years 9 Months | Current |
| Balajisingh Harisingh | Director | 08 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Online Instruments (India) Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GGC Industries Private Limited | ₹565.11 Cr (FY 2025) | 42.0% | Kolkata, West Bengal, India | |||
| Surya Business Pvt Ltd | ₹544.11 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Online Instruments (India) Limitedthis company | ₹526.3 Cr (FY 2025) | ₹35.33 Cr | 6.7% | 45.0% | Bangalore, Karnataka, India | |
| Shree Rani Sati Tradecorp Private Limited | ₹525.86 Cr (FY 2025) | 8.0% | Delhi, India | |||
| Safa Systems & Technologies Limited | ₹520.97 Cr (FY 2025) | -17.0% | Ernakulam, Kerala, India | |||
| HV Connecting Infra (India) Private Limited | ₹508.4 Cr (FY 2025) | -2.0% | Surat, Gujarat, India |
To see the full peer comparison of Online Instruments (India) Limited, buy the company report.
Auditor
Online Instruments (India) Limited is audited by Vishnu Daya & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vishnu Daya & Co LLP | FY 2024 | 008456S / S200092 |
Shareholding
The shareholding of Online Instruments (India) Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Online Instruments (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2026 | 101247655 | Yes Bank Limited | ₹49 Cr | Open | |
| 16 Dec 2025 | 101205780 | Others | ₹135 Cr | Open | |
| 28 Jan 2025 | 101036890 | Hdfc Bank Limited | ₹3.4 Cr | Open | |
| 21 Jan 2025 | 101036902 | Hdfc Bank Limited | ₹37.94 Lakh | Open | |
| 21 Mar 2024 | 100900827 | State Bank of India | ₹1.58 Cr | Open |
To see the full charge records of Online Instruments (India) Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Online Instruments (India) Limited has 20 court cases on record: 15 filed by Online Instruments (India), 5 filed against it. 10 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 2 | 10 |
| District courts | 9 | 3 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms Buzzworks Loyalty Solutions Pvt Ltd and 1 other | Disposed |
| High Court of Karnataka | Court case (CSTA) | Filed against the company by Commissioner of Customs | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Commissioner of Customs | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| Madras High Court | Writ petition | Filed by the company against The Commissioner of Customs, Chennai-Ii (Import) | Pending |
To see the full case history of Online Instruments (India) 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
Online Instruments (India) Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 365 overdue payments to 38 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 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Nvincy Solutions Private Limited |
To see the full MSME payment records of Online Instruments (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Online Instruments (India) has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO8088P1ZH | Karnataka | Active | 01 Jul 2017 |
| 29AAACO8088P2ZG | Karnataka | Active | 24 Jun 2025 |
| 27AAACO8088P1ZL | Maharashtra | Active | 01 Jul 2017 |
| 33AAACO8088P1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Online Instruments (India) Limited, buy the company report.
Recent activity
Online Instruments (India) Limited has 10 board changes on record since 2006: 7 appointments and 3 cessations. The latest: Balajisingh Harisingh was appointed as Director on 08 Jan 2026.
23 earlier events are in the company report.
Frequently asked questions
Online Instruments (India) is an active public limited company based in Bangalore, Karnataka, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 20 February 2006 (20+ years old) and is registered under CIN U51909KA2006PLC038521.
Online Instruments (India) has 7 current directors:
- Shivanand Mallappa Mahashetti - Managing Director
- Mahesh Basalingappa Bellad - Whole-Time Director
- Manojkumar Choudhury - Whole-Time Director
- Vijendra Babu Nagaraj - Director
- Krishnabhagawan Srinivasa Ranga - Director
- Sujitha Karnad - Director
- Balajisingh Harisingh - Director
The latest financial statements of Online Instruments (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Online Instruments (India) is 29AAACO8088P1ZH, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAACO8088P2ZG (Karnataka), 27AAACO8088P1ZL (Maharashtra), 33AAACO8088P1ZS (Tamil Nadu).
The CIN (Corporate Identification Number) of Online Instruments (India) is U51909KA2006PLC038521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Online Instruments (India) has 20 court cases on record: 15 filed by the company and 5 filed against it. 10 are pending. Most are in the high courts.
Online Instruments (India) was incorporated on 20 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Online Instruments (India) by revenue are GGC Industries Private Limited, Surya Business Pvt Ltd, Shree Rani Sati Tradecorp Private Limited, Safa Systems & Technologies Limited, HV Connecting Infra (India) Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Balajisingh Harisingh was appointed as Director on 08 Jan 2026. Krishnabhagawan Srinivasa Ranga was appointed as Director on 08 Jan 2026. Manojkumar Choudhury was appointed as Whole-Time Director on 08 Jan 2026. Online Instruments (India) has 10 board changes on record in total.
Online Instruments (India) has 14 MSME Form 1 returns on record between 2019 and 2023, listing 365 overdue payments to 38 micro and small suppliers. The latest return was filed on 19 Dec 2023.
Online Instruments (India) can be reached through the website onlineinstruments.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Online Instruments (India) is at Dnr Altitude No.81, 11th Floor Tumkur Road, Bangalore, Karnataka, India – 560022.