Startup India Government of India
Planet EV Solutions Private Limited - musical instruments in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹28.71 Lakh
▲ 124% YoY
Net loss · FY 2024
₹81.47 Lakh
Net margin -283.8%
EBITDA · FY 2024
-₹81.47 Lakh
EBITDA margin -283.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.25 Cr
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Planet EV Solutions Private Limited
Data last updated:
Planet EV Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the sports goods segment of the musical instruments sector. It was incorporated on 22 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U34100KA2018PTC110409. Its GSTIN is 33AAFCN9482M1ZU (Tamil Nadu).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.25 Cr. It is led by directors including Sudhakar Vaidyalingam (Managing Director) and Suresh Satyanarayana Naik.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.71 Lakh, a growth of 124% compared to the previous year. For the same year it recorded a net loss of ₹81.47 Lakh (net margin -283.8%) and EBITDA of -₹81.47 Lakh (EBITDA margin -283.8%).
For more details, the company can be reached via its website planetevsolutions.com.
Company details
CIN U34100KA2018PTC110409
Registration Number 110409
Incorporation Date 22 February 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
CIN history
Planet EV Solutions has one previous CIN (Corporate Identification Number): U72501KA2018PTC110409. The current CIN is U34100KA2018PTC110409, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U34100KA2018PTC110409 | Current |
| U72501KA2018PTC110409 | Previous |
Key People
Sudhakar Vaidyalingam Managing Director Suresh Satyanarayana Naik Director Vaidyalingam Director Recognitions & Rankings of Planet EV Solutions
Contact details
Planet EV Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is planetevsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address731 Adharsh Palm Retreat Phase 3 Vilas, Bellandur, Bangalore, Karnataka, India – 560103
- IndustryMusical Instruments, Sports Goods, Jewellery, Musical Instrument, Manufacturing
To see the full contact details of Planet EV Solutions Private Limited, buy the company report.
Comprehensive company report
Planet EV 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Planet EV Solutions is manufacturing. In detail, this covers manufacture of motor vehicles, trailers and semi-trailers.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 29 | Manufacture of motor vehicles, trailers and semi-trailers |
To see the full business activity and turnover split of Planet EV Solutions Private Limited, buy the company report.
Financials of Planet EV Solutions Private Limited
FY 2024 filings availablePlanet EV Solutions Private Limited reported revenue of ₹28.71 Lakh (up 124% YoY) for FY 2024.
Revenue · FY 2024
₹28.71 Lakh ▲ 124%
Net loss · FY 2024
₹81.47 Lakh margin -283.8%
EBITDA · FY 2024
-₹81.47 Lakh margin -283.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 124%
EBITDA CAGR growth
1 year
▲ 17%
Revenue rose 124% in the latest year. EBITDA rose 17% in the latest 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 | -₹81.47 Lakh | ||||
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| Net Profit (PAT) | -₹81.47 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 | -283.8% | ||||
| Net Profit Margin | -283.8% | ||||
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To see the full financial statements and ratios of Planet EV Solutions Private Limited, buy the company report.
Board of directors of Planet EV Solutions Private Limited
Planet EV Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Satyanarayana Naik | Director | 22 Jun 2022 | 4 Years 4 Months | Current |
| Sudhakar Vaidyalingam | Managing Director | 22 Feb 2018 | 8 Years 8 Months | Current |
| Vaidyalingam | Director | 22 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Planet EV Solutions Private Limited is audited by V. Madhukar for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Madhukar | FY 2023 | 214050 |
Shareholding
The shareholding of Planet EV Solutions 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 Planet EV Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Planet EV Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Planet EV Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Planet EV Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCN9482M1ZU | Tamil Nadu | Active | 02 Aug 2022 |
To see the full GST registrations and return filing status of Planet EV Solutions Private Limited, buy the company report.
Recent activity
Planet EV Solutions Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Suresh Satyanarayana Naik was appointed as Director on 22 Jun 2022.
AGM
Planet Ev Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Planet Ev Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Suresh Satyanarayana Naik was appointed as Director.
Ceased
Sudhakar Vaidyalingam ceased to be Director.
Appointed
Sudhakar Vaidyalingam was appointed as Managing Director.
Appointed
Vaidyalingam was appointed as Director.
Incorporation
22 Feb 2018
Planet Ev Solutions Private Limited was registered on 22 Feb 2018 with Roc Bangalore & aged 8 years 8 months as per MCA records.
Frequently asked questions
Planet EV Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in sports goods, within the musical instruments industry. It was incorporated on 22 February 2018 (8+ years old) and is registered under CIN U34100KA2018PTC110409.
Planet EV Solutions has 3 current directors:
- Sudhakar Vaidyalingam - Managing Director
- Suresh Satyanarayana Naik - Director
- Vaidyalingam - Director
The latest financial statements of Planet EV 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 FY 2018 are in the company report.
The GSTIN of Planet EV Solutions is 33AAFCN9482M1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Planet EV Solutions is U34100KA2018PTC110409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Planet EV Solutions was incorporated on 22 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Suresh Satyanarayana Naik was appointed as Director on 22 Jun 2022. Sudhakar Vaidyalingam ceased to be Director on 07 Feb 2022. Sudhakar Vaidyalingam was appointed as Managing Director on 22 Feb 2018. Planet EV Solutions has 4 board changes on record in total.
Yes, Planet EV Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Planet EV Solutions can be reached through the website planetevsolutions.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Planet EV Solutions is at 731 Adharsh Palm Retreat Phase 3 Vilas, Bellandur, Bangalore, Karnataka, India – 560103.