About Qlar Technology India Private Limited
Data last updated:
Qlar Technology India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Schenck Process Europe Gmbh. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 03 February 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74210KA2003PTC031537. Its GSTIN is 29AACCR3373G1Z9 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹15.24 Lakh. It was formerly known as Stock Redler India Private Limited and Redler India Private Limited. It is led by directors including Rajesh Pathak (Managing Director) and Guna Kadiyali Thantry (Whole-Time Director).
Its last annual general meeting (AGM) was held on 20 April 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹667.47 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹52.17 Cr (net margin 7.8%) and EBITDA of ₹77.98 Cr (EBITDA margin 11.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 17% over five years.
The company has about 256 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,361.07 Cr and satisfied charges of ₹33 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 2 filed against it; 2 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹35.77 Cr; the latest was in September 2022. Its 10 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Electromech Material Handling Systems (India) Private Limited with revenue of ₹697.21 Cr. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,975 overdue payments to 209 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website schenckprocess.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.3 (Old No.18&23) 3rd Main Road KIADB Peenya Industrial Area Peenya Village Yeshwant, Hpur Hobli, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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 Qlar Technology India Private Limited
The main business activity of Qlar Technology India 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 Qlar Technology India Private Limited FY 2026 filings available
Qlar Technology India Private Limited reported revenue of ₹667.47 Cr (up 20% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Qlar Technology India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 20% growth in the latest year. EBITDA rose 226% 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 Qlar Technology India Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | 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 | ₹77.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52.17 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 of Qlar Technology India Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| 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 Qlar Technology India 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 Qlar Technology India Private Limited
Qlar Technology India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Electromech Material Handling Systems (India) Private Limited | ₹697.21 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Pune, Maharashtra, India |
| Kion India Private Limited | ₹692.9 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Qlar Technology India Private Limited this company | ₹667.47 Cr (FY 2026) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| JCB Industries Private Limited | ₹639.24 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | New Delhi, Delhi, India |
| Manitou Equipment India Private Limited | ₹583.34 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Thejo Engineering Limited Listed | ₹562.63 Cr (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Konecranes and Demag Private Limited | ₹544.17 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Purandar, Maharashtra, India |
| Macmet Engineering Limited | ₹450.14 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Tal Manufacturing Solutions Limited | ₹436.94 Cr (FY 2019) | •••• | •••• | 29.0% | •••• | Pune, Maharashtra, India |
| Mas Industries Private Limited | ₹427.09 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Montanari Lifts Components Private Limited | ₹398.04 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Qlar Technology India by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 Qlar Technology India Private Limited
Qlar Technology India Private Limited is audited by B S R and Co for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R and Co | 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 Qlar Technology India Private Limited
Qlar Technology India has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guna Kadiyali Thantry Also directs: Qlar India Private Limited | Whole-Time Director | 12 Aug 2014 | 12 Years 1 Months | Current |
| Vishal Sharma | Director | 24 Apr 2026 | 0 Years 5 Months | Current |
| Rajesh Pathak Also directs: Qlar India Private Limited | Managing Director | 09 Apr 2019 | 7 Years 6 Months | Current |
| Jorg Ulrich Also directs: Qlar India Private Limited | Director | 08 Feb 2024 | 2 Years 8 Months | Current |
| Avnish Mehra Also directs: Qlar India Private Limited, Calibre Chemicals Private Limited, Halemed Medical Private Limited and 5 more | Director | 24 Apr 2026 | 0 Years 5 Months | Current |
| Vishal Omprakash Goenka Also directs: Qlar India Private Limited, Halemed Medical Private Limited, Translumina Therapeutics Private Limited and 4 more | Director | 24 Apr 2026 | 0 Years 5 Months | Current |
Ownership and Shareholding of Qlar Technology India 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 Qlar Technology India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jul 2026 | Others | ₹75 Cr | Open |
| 02 Jun 2026 | Others | ₹644.27 Cr | Open |
| 21 May 2026 | Others | ₹100 Cr | Open |
| 19 May 2026 | Axis Bank Limited | ₹80 Cr | Open |
| 22 Apr 2026 | The Hongkong and Shanghai Banking Corporation Limited | ₹331.8 Cr | Open |
Total charge records: 10 View all charges
Deals & Funding of Qlar Technology India Private Limited
Qlar Technology India Private Limited has 4 deals on record (3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹35.77 Cr; the latest was in September 2022.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Schenck Process Austria Gmbh, Schenck Process Europe GmbH Seller: Schenck Process Holding Gmbh, Schenck Process (Redler) Limited |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: Schenck Process India Private Limited Seller: Platin 1426 GmbH |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: Schenck Process (Redler) Limited Seller: 2 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Qlar Technology India Private Limited
Qlar Technology India Private Limited has 8 court cases on record: 5 filed by Qlar Technology India, 2 filed against it, 1 where it is another party. 2 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Kupps & Sachs India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Matrix Cellular (International) Services Private Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Walchandnagar Industries Limited | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Walchandnagar Industries Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed by the company against Walchandnagar Industries Limited | Disposed |
Full case history
All 8 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.
MSME Payment Delays by Qlar Technology India Private Limited
Qlar Technology India Private Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,975 overdue payments to 209 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 209)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| All-Ways Logistics India Private Limited | •••• | •••• | •••• |
| Armko Pipe Fittings (I) Private Limited | •••• | •••• | •••• |
| Darshan Roadlines Private Limited | •••• | •••• | •••• |
| Durga Logistics Bangalore | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 19 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Qlar Technology India Private Limited
Qlar Technology India Private Limited has a workforce of 256 employees as of Feb 12, 2026.
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.
Name History of Qlar Technology India Private Limited
Qlar Technology India has undergone 2 name changes throughout its history. The company was previously known as Stock Redler India Private Limited, and Redler India Private Limited. The current legal name is Qlar Technology India Private Limited.
| Company Name | Status |
|---|---|
| Qlar Technology India Private Limited | Current |
| Stock Redler India Private Limited | Previous |
| Redler India Private Limited | Previous |
News related to Qlar Technology India Private Limited
Recent Activity on Qlar Technology India Private Limited
Qlar Technology India Private Limited has 15 board changes on record since 2007: 6 appointments and 9 cessations. The latest: Avnish Mehra was appointed as Director on 24 Apr 2026.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Qlar Technology India 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.
Subsidiaries & Group Companies of Qlar Technology India 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 Qlar Technology India Private Limited
Qlar Technology India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCR3373G1Z9 | 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 Qlar Technology India 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 Qlar Technology India Private Limited
Qlar Technology India is an active private limited company based in Bangalore, Karnataka, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 03 February 2003 (23+ years old) and is registered under CIN U74210KA2003PTC031537.
Qlar Technology India reported revenue of ₹667.47 Cr for FY 2026 (up 20% YoY).
Qlar Technology India has 6 current directors:
- Rajesh Pathak - Managing Director
- Guna Kadiyali Thantry - Whole-Time Director
- Vishal Sharma - Director
- Jorg Ulrich - Director
- Avnish Mehra - Director
- Vishal Omprakash Goenka - Director
Qlar Technology India reported a net profit of ₹52.17 Cr (net margin 7.8%) and EBITDA of ₹77.98 Cr (EBITDA margin 11.7%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Qlar Technology India is 7% over three years and 17% over five years. In the latest year (FY 2026) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Qlar Technology India is 29AACCR3373G1Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Qlar Technology India is U74210KA2003PTC031537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qlar Technology India has 8 court cases on record: 5 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Qlar Technology India was incorporated on 03 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Qlar Technology India has 4 deals on record (3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹35.77 Cr; the latest was in September 2022.
The peers of Qlar Technology India by revenue are Electromech Material Handling Systems (India) Private Limited, Kion India Private Limited, JCB Industries Private Limited, Manitou Equipment India Private Limited, Thejo Engineering Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Avnish Mehra was appointed as Director on 24 Apr 2026. Vishal Omprakash Goenka was appointed as Director on 24 Apr 2026. Vishal Sharma was appointed as Director on 24 Apr 2026. Qlar Technology India has 15 board changes on record in total.