About Powernet Solutions Private Limited
Data last updated:
Powernet Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 07 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA1999PTC025040. Its GSTIN is 29AABCP7283Q1ZI (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Kyadigunte Maddanna Krishna Murthy and Srinivasappa Thimma Dasappa Bhageerathi.
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 7 & 8 Jalaram Industrial Estate Arekere Gate Bannergatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.9 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹20.48 Lakh (net margin 2.6%) and EBITDA of ₹36.19 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 4% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹1.42 Cr on record. Court records list 20 cases involving the company, including 20 filed by the company; 1 case is 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 powernetelevatorcomponents.com.
- EmailLocked
- TelephoneLocked
- Social MediaLocked
- Registered AddressNo 7 & 8 Jalaram Industrial Estate Arekere Gate Bannergatta Road, Bangalore, Karnataka, India – 560076
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Powernet Solutions Private Limited
The main business activity of Powernet Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Powernet Solutions Private Limited FY 2025 filings available
Powernet Solutions Private Limited reported revenue of ₹7.9 Cr (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Powernet Solutions Private Limited
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 37% 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 of Powernet Solutions Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.48 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 Powernet Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 Powernet Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Powernet Solutions Private Limited
Powernet Solutions Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prashant Electricals Limited | •••• | •••• | •••• | •••• | 33 | Boisar, Maharashtra, India |
| Pimex Plastic Private Limited | •••• | •••• | •••• | •••• | - | Roorkee, Uttarakhand, India |
| Hansa Green Technology Private Limited | •••• | •••• | •••• | •••• | 41 | Nanguneri Taluk, Tamil Nadu, India |
| Kinjal Electricals Pvt Ltd | •••• | •••• | •••• | •••• | - | Delhi, India |
| Saffron Power Innovations Private Limited | •••• | •••• | •••• | •••• | 25 | Rabale Navi Mumbai, Maharashtra, India |
| Powernet Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Quartz Mobitech Solutions India Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Wiska India Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Trayam Consultancy Services Private Limited | •••• | •••• | •••• | •••• | - | Mangalore, Karnataka, India |
| Instant Engitech Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| J.R.Gotech Accumulators Limited | •••• | •••• | •••• | •••• | - | Nalgonda, Telangana, India |
Peers are the five companies nearest above and the five nearest below Powernet Solutions by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Powernet Solutions Private Limited
Powernet Solutions Private Limited is audited by S R R K SHARMA ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R R K SHARMA ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Powernet Solutions Private Limited
Powernet Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kyadigunte Maddanna Krishna Murthy | Director | 07 Apr 1999 | 27 Years 6 Months | Current |
| Srinivasappa Thimma Dasappa Bhageerathi | Director | 22 Jan 2016 | 10 Years 8 Months | Current |
Ownership and Shareholding of Powernet Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Powernet Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Aug 2020 | Canara Bank | ₹50 Lakh | Open |
| 19 Sep 2011 | Bank of Baroda | ₹1.42 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Powernet Solutions Private Limited
Powernet Solutions Private Limited has 20 court cases on record: 20 filed by Powernet Solutions. 1 case is pending and 19 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 0 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sun Power Technologies | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Powernet Solutions Private Limited
Powernet Solutions Private Limited has a workforce of 12 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Powernet Solutions Private Limited
Powernet Solutions Private Limited has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Sumanth Kumar Subramanyam ceased to be Director on 10 Feb 2016.
Credit Ratings, Litigation & Regulatory Alerts for Powernet Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Powernet Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Powernet Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Powernet Solutions Private Limited
Powernet Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCP7283Q1ZI | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Powernet Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Powernet Solutions Private Limited
Powernet Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 07 April 1999 (27+ years old) and is registered under CIN U31909KA1999PTC025040.
Powernet Solutions reported revenue of ₹7.9 Cr for FY 2024 (down 9% YoY).
Powernet Solutions has 2 current directors:
- Kyadigunte Maddanna Krishna Murthy - Director
- Srinivasappa Thimma Dasappa Bhageerathi - Director
Powernet Solutions reported a net profit of ₹20.48 Lakh (net margin 2.6%) and EBITDA of ₹36.19 Lakh (EBITDA margin 4.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Powernet Solutions is 10% over three years and 4% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Powernet Solutions is 29AABCP7283Q1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Powernet Solutions is U31909KA1999PTC025040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Powernet Solutions has 20 court cases on record: 20 filed by the company. 1 is pending.
Powernet Solutions was incorporated on 07 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Powernet Solutions by revenue are Prashant Electricals Limited, Pimex Plastic Private Limited, Hansa Green Technology Private Limited, Kinjal Electricals Pvt Ltd, Saffron Power Innovations Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Sumanth Kumar Subramanyam ceased to be Director on 10 Feb 2016. Srinivasappa Thimma Dasappa Bhageerathi was appointed as Director on 22 Jan 2016. Kyadigunte Maddanna Krishna Murthy was appointed as Director on 07 Apr 1999.