MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0008668
Pinaka Aerospace Solutions Private Limited - aerospace, maritime and defense in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹236.65 Cr
▲ 78% YoY
Net profit · FY 2024
₹4.46 Cr
Net margin 1.9%
EBITDA · FY 2024
₹21.46 Cr
EBITDA margin 9.1%
Authorised capital
₹10.27 Cr
Registered with MCA
Paid-up capital
₹7.29 Cr
Issued & subscribed
Open charges
₹184.47 Cr
Satisfied ₹90.57 Cr
Company age
19 yrs
Est. 2007
Directors on board
4
As per MCA filings
About Pinaka Aerospace Solutions Private Limited
Data last updated:
Pinaka Aerospace Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Zetwerk Manufacturing Businesses Private Limited. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 02 January 2007 and has been in existence for over 19 years.
Its director Srinath Ramakkrushnan is #445 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U46620KA2007PTC041340. Its GSTIN is 29AAECP2350H1ZG (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10.27 Cr and a paid-up capital of ₹7.29 Cr. It is led by directors including Pasumarthi Radhika and Srinath Ramakkrushnan.
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 Plot 18 KIADB Hi Tech Hardware Park, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹236.65 Cr, a growth of 78% compared to the previous year. For the same year it recorded a net profit of ₹4.46 Cr (net margin 1.9%) and EBITDA of ₹21.46 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 135% over three years and 48% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Pinaka Aerospace Solutions. As per MCA filings, the company has open charges of ₹184.47 Cr and satisfied charges of ₹90.57 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹35.22 Cr; the latest was in May 2024. Its 3 peer companies in the Defence industry (Aerospace, Defence Products and Technology), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Alpha-Elsec Defence & Aerospace Systems Private Limited with revenue of ₹311 Cr. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 38 overdue payments to 26 micro and small suppliers.
Pinaka Aerospace Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0008668). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pinaka.co.in.
Company details
CIN U46620KA2007PTC041340
Registration Number 041340
Incorporation Date 02 January 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Zetwerk Manufacturing Businesses Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0008668
CIN history
Pinaka Aerospace Solutions has one previous CIN (Corporate Identification Number): U72200KA2007PTC041340. The current CIN is U46620KA2007PTC041340, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46620KA2007PTC041340 | Current |
| U72200KA2007PTC041340 | Previous |
Recognitions & Rankings of Pinaka Aerospace Solutions
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #445 Srinath Ramakkrushnan ₹8,000 Cr
Contact details
Pinaka Aerospace Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is pinaka.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot 18 KIADB Hi Tech Hardware Park, Mahadevakodigehalli, Bangalore, Karnataka, India – 562149
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
To see the full contact details of Pinaka Aerospace Solutions Private Limited, buy the company report.
Comprehensive company report
Pinaka Aerospace Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Pinaka Aerospace Solutions operates one associated brand: Pinaka Aerospace Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of avionics, electronic warfare, and communication systems | pinaka.co.in |
Business activity
The main business activities of Pinaka Aerospace Solutions are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Pinaka Aerospace Solutions Private Limited, buy the company report.
Financials of Pinaka Aerospace Solutions Private Limited
FY 2024 filings availablePinaka Aerospace Solutions Private Limited reported revenue of ₹236.65 Cr (up 78% YoY) for FY 2024.
Revenue · FY 2024
₹236.65 Cr ▲ 78%
Net profit · FY 2024
₹4.46 Cr margin 1.9%
EBITDA · FY 2024
₹21.46 Cr margin 9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 135%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 101%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 78% growth in the latest year. EBITDA fell 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹236.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.46 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 Pinaka Aerospace Solutions Private Limited, buy the company report.
Board of directors and KMP of Pinaka Aerospace Solutions Private Limited
Pinaka Aerospace Solutions Private Limited currently reports 3 directors and 1 key managerial person. 13 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subodh Sharma Also directs: Sharanga Technologies Private Limited | Ceo | 20 Sep 2022 | 4 Years 1 Months | Current |
| Pasumarthi Radhika Also directs: Sharanga Technologies Private Limited | Director | 08 Dec 2007 | 18 Years 10 Months | Current |
| Vishal Chaudhary | Nominee Director | 31 May 2022 | 4 Years 4 Months | Current |
| Srinath Ramakkrushnan Also directs: GLR Natural Resources Private Limited, Zetsol Energy Private Limited, Kryfs Power Components Limited and 5 more | Director | 13 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Pinaka Aerospace Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Defence industry (Aerospace, Defence Products and Technology), 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 |
|---|---|---|---|---|---|---|
| Alpha-Elsec Defence & Aerospace Systems Private Limited | ₹311 Cr (FY 2025) | 62.0% | Bangalore, Karnataka, India | |||
| Unimech Aerospace and Manufacturing Limited | ₹267.69 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India | |||
| Pinaka Aerospace Solutions Private Limitedthis company | ₹236.65 Cr (FY 2024) | ₹4.46 Cr | 1.9% | 78.0% | Bangalore, Karnataka, India | |
| Innomech Aerospace Toolings Private Limited | ₹221 Cr (FY 2025) | 16.0% | Devanahalli, Karnataka, India |
To see the full peer comparison of Pinaka Aerospace Solutions Private Limited, buy the company report.
Auditor
Pinaka Aerospace Solutions Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2024 | 101049W |
Shareholding
The shareholding of Pinaka Aerospace Solutions Private 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pinaka Aerospace Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹184.47 Cr
Satisfied charges
₹90.57 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101091390 | Bank of India | ₹34 Cr | Open | |
| 29 Dec 2023 | 100850569 | Indian Bank | ₹95.29 Cr | Open | |
| 13 Dec 2022 | 100657052 | Others | ₹55 Cr | Open | |
| 24 Oct 2019 | 100301200 | Others | ₹18 Lakh | Open | |
| 09 Nov 2023 | 100815024 | Axis Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of Pinaka Aerospace Solutions Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Pinaka Aerospace Solutions Private Limited has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹35.22 Cr; the latest was in May 2024.
Total deals
11
Secondary share transfers
6
Funding rounds
4
Rights issue
1
Disclosed funding
₹35.22 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Funding round | ₹20.74 Cr | Investors: 4 individuals |
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: Zetwerk Manufacturing Businesses Private Limited Seller: 2 individuals |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Zetwerk Manufacturing Businesses Private Limited Seller: KITVEN, 3 individuals |
| May 2022 | Funding round | ₹6 Cr | Investors: Zetwerk Manufacturing Businesses Private Limited |
| Dec 2015 | Funding round | ₹7.98 Cr | Investors: KITVEN |
To see the full deal history of Pinaka Aerospace Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pinaka Aerospace Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by Four Oh Four Tech Pvt Ltd., and 1 other | Disposed |
To see the full case history of Pinaka Aerospace Solutions 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
Pinaka Aerospace Solutions Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 38 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Envicare Technologies Private Limited | |||
| Apollo Computing Laboratories Private Limited | |||
| Hemaki Lab-Services Pvt Ltd | |||
| an individual supplier |
To see the full MSME payment records of Pinaka Aerospace Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Pinaka Aerospace Solutions has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sharanga Technologies Private Limited | U72200KA2006PTC039954 |
To see the full group structure of Pinaka Aerospace Solutions Private Limited, buy the company report.
GST
Pinaka Aerospace Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECP2350H1ZG | Karnataka | Active | 01 Jul 2017 |
| 33AAECP2350H1ZR | Tamil Nadu | Active | 03 Feb 2025 |
To see the full GST registrations and return filing status of Pinaka Aerospace Solutions Private Limited, buy the company report.
Recent activity
Pinaka Aerospace Solutions Private Limited has 16 board changes on record since 2007: 4 appointments and 12 cessations. The latest: Srinath Ramakkrushnan ceased to be Additional Director on 29 Sep 2024.
Charges
A charge registered on 09 Nov 2023 via Charge ID 100815024 with Axis Bank Limited was fully satisfied on 02 Jun 2025.
Charges
A charge with Indian Bank of Rs. 95.29 Cr registered on 29 Dec 2023 with Charge ID 100850569 was modified on 28 Mar 2025.
Charges
A charge with Bank Of India amounted to Rs. 34.00 Cr with Charge ID 101091390 was registered on 26 Mar 2025.
AGM
Pinaka Aerospace Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Srinath Ramakkrushnan ceased to be Additional Director.
Ceased
. Abhishek ceased to be Nominee Director.
Ceased
Ankit Fatehpuria ceased to be Nominee Director.
Appointed
Srinath Ramakkrushnan was appointed as Director.
Filing
Pinaka Aerospace Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Indian Bank amounted to Rs. 95.29 Cr with Charge ID 100850569 was registered on 29 Dec 2023.
Charges
A charge registered on 23 Jun 2015 via Charge ID 10579237 with Others was fully satisfied on 06 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100815024 was registered on 09 Nov 2023.
29 earlier events are in the company report.
Frequently asked questions
Pinaka Aerospace Solutions 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 02 January 2007 (19+ years old) and is registered under CIN U46620KA2007PTC041340.
Pinaka Aerospace Solutions has 4 current directors and KMP:
- Pasumarthi Radhika - Director
- Vishal Chaudhary - Nominee Director
- Srinath Ramakkrushnan - Director
- Subodh Sharma - Ceo
The latest financial statements of Pinaka Aerospace Solutions 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 Pinaka Aerospace Solutions is 29AAECP2350H1ZG, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAECP2350H1ZR (Tamil Nadu).
The CIN (Corporate Identification Number) of Pinaka Aerospace Solutions is U46620KA2007PTC041340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pinaka Aerospace Solutions has 1 court case on record: 1 filed against it.
Pinaka Aerospace Solutions was incorporated on 02 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Pinaka Aerospace Solutions has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹35.22 Cr; the latest was in May 2024.
The peers of Pinaka Aerospace Solutions by revenue are Alpha-Elsec Defence & Aerospace Systems Private Limited, Unimech Aerospace and Manufacturing Limited, Innomech Aerospace Toolings Private Limited, all in the Defence industry (Aerospace, Defence Products and Technology), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Srinath Ramakkrushnan ceased to be Additional Director on 29 Sep 2024. Abhishek ceased to be Nominee Director on 13 May 2024. Ankit Fatehpuria ceased to be Nominee Director on 13 May 2024. Pinaka Aerospace Solutions has 16 board changes on record in total.
Yes, Pinaka Aerospace Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0008668).
Pinaka Aerospace Solutions has 4 MSME Form 1 returns on record between 2022 and 2024, listing 38 overdue payments to 26 micro and small suppliers. The latest return was filed on 29 Apr 2024.