MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-04-0009047
Aequs Sez Private Limited - infrastructure and utilities in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹141.2 Cr
▼ 3% YoY
Net profit · FY 2025
₹9.9 Cr
Net margin 7%
EBITDA · FY 2025
₹81.4 Cr
EBITDA margin 57.6%
Authorised capital
₹40.62 Cr
Registered with MCA
Paid-up capital
₹39.38 Cr
Issued & subscribed
Open charges
₹799.1 Cr
Satisfied ₹713.87 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
83
Provident fund records
About Aequs Sez Private Limited
Data last updated:
Aequs Sez Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Aequs Infrastructures Private Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 18 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45202KA2007PTC043154. Its GSTIN is 29AAACQ1552A1ZV (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹40.62 Cr and a paid-up capital of ₹39.38 Cr. It was formerly known as Quest Sez Development Private Limited and Quest Global Sez Private Limited. It is led by directors including Annapa Santhekadur Vikram (Managing Director) and Shravankumar Prakash Kulkarni.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 55 Whitefield Main Road Mahadevapura Post, Bengaluru, Karnataka, India – 560048.
As per the financials filed for FY 2025, the company reported a revenue of ₹141.2 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹9.9 Cr (net margin 7%) and EBITDA of ₹81.4 Cr (EBITDA margin 57.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over five years.
The company has about 83 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Aequs. As per MCA filings, the company has open charges of ₹799.1 Cr and satisfied charges of ₹713.87 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 9 filed against it; 5 cases are pending. The company has 18 deals on record (7 secondary share transfers, 5 funding rounds, 4 rights issues), with disclosed funding of ₹85.71 Cr; the latest was in October 2021. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 784 overdue payments to 60 micro and small suppliers.
Aequs Sez Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-04-0009047). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aequs.com.
Company details
CIN U45202KA2007PTC043154
Registration Number 043154
Incorporation Date 18 June 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Aequs Infrastructures Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-04-0009047
Name history
Aequs Sez has undergone 2 name changes throughout its history. The company was previously known as Quest Sez Development Private Limited, and Quest Global Sez Private Limited. The current legal name is Aequs Sez Private Limited.
| Company Name | Status |
|---|---|
| Aequs Sez Private Limited | Current |
| Quest Sez Development Private Limited | Previous |
| Quest Global Sez Private Limited | Previous |
Key People
Annapa Santhekadur Vikram Managing Director Shravankumar Prakash Kulkarni Director Basavaraj Sugandhi Director Recognitions & Rankings of Aequs Sez
Contact details
Aequs Sez Private Limited's registered office is in Bengaluru, Karnataka. Its website is aequs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 55 Whitefield Main Road Mahadevapura Post, Bengaluru, Karnataka, India – 560048
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Aequs Sez Private Limited, buy the company report.
Comprehensive company report
Aequs Sez 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
Business activity
The main business activities of Aequs Sez are electricity, gas, steam and air condition supply and construction. In detail, this covers electric power generation, transmission and distribution and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Aequs Sez Private Limited, buy the company report.
Financials of Aequs Sez Private Limited
FY 2025 filings availableAequs Sez Private Limited reported revenue of ₹141.2 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹141.2 Cr ▼ 3%
Net profit · FY 2025
₹9.9 Cr margin 7%
EBITDA · FY 2025
₹81.4 Cr margin 57.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 23%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 13% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹81.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.9 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 | 57.6% | ||||
| Net Profit Margin | 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 Aequs Sez Private Limited, buy the company report.
Board of directors of Aequs Sez Private Limited
Aequs Sez has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shravankumar Prakash Kulkarni | Director | 25 Jul 2023 | 3 Years 3 Months | Current |
| Basavaraj Sugandhi | Director | 03 Dec 2021 | 4 Years 11 Months | Current |
| Annapa Santhekadur Vikram | Managing Director | 23 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Aequs Sez Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Aequs Sez 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 Aequs Sez Private Limited, buy the company report.
Charges & borrowings
Open charges
₹799.1 Cr
Satisfied charges
₹713.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2025 | 101168841 | Canara Bank | ₹16.45 Lakh | Open | |
| 28 Aug 2025 | 101156693 | Others | ₹20 Cr | Open | |
| 24 Jun 2025 | 101117374 | Others | ₹8 Cr | Open | |
| 13 Feb 2025 | 101056427 | Canara Bank | ₹26 Lakh | Open | |
| 24 Dec 2024 | 101033151 | Canara Bank | ₹4.7 Cr | Open |
To see the full charge records of Aequs Sez Private Limited, buy the company report.
Total charge records: 62 View all charges
Deals & funding
Aequs Sez Private Limited has 18 deals on record (7 secondary share transfers, 5 funding rounds, 4 rights issues), with disclosed funding of ₹85.71 Cr; the latest was in October 2021.
Total deals
18
Secondary share transfers
7
Funding rounds
5
Rights issues
4
Convertible or debt financings
2
Disclosed funding
₹85.71 Cr
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Aequs Infrastructures Private Limited Seller: Aequs Engineered Plastics Private Limited |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Aequs Engineered Plastics Private Limited Seller: Aequs Infrastructures Private Limited |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Aequs Infrastructures Private Limited Seller: Aequs Limited |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Melligeri Investments and Consultancy LLP |
| Mar 2013 | Funding round | ₹8.25 Cr | Investors: Aequs Infrastructures Private Limited, Melligeri Investments and Consultancy LLP |
To see the full deal history of Aequs Sez 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
Aequs Sez Private Limited has 15 court cases on record: 6 filed by Aequs Sez, 9 filed against it. 5 cases are pending and 10 are disposed.
Total cases
15
Filed by the company
6
Filed against the company
9
Pending
5
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 5 | 2 |
| High courts | 5 | 4 | 3 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Civil suit | Filed against the company by Watermark by Its Proprietor Basavaraj Son of Shakrappa Mulagund | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Quest Machining and Manufacturing Pvt Ltd and 2 others | Disposed |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company | Pending |
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company | Disposed |
To see the full case history of Aequs Sez 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
Aequs Sez Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 784 overdue payments to 60 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 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Siddharth Pipe Corporation | |||
| Nichrome Testing Laboratory and Research Private Limited | |||
| an individual supplier | |||
| Garnier Seatings |
To see the full MSME payment records of Aequs Sez Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aequs Sez has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Industrial Knowledge Centre Private Limited | U74999KA2016PTC097158 |
To see the full group structure of Aequs Sez Private Limited, buy the company report.
Employees & EPFO
Aequs Sez Private Limited has a workforce of 83 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
83
Active EPFO establishments
1
Employee growth
10.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 83 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Aequs Sez Private Limited, buy the company report.
GST
Aequs Sez has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ1552A1ZV | Karnataka | Active | 01 Jul 2017 |
| 29AAACQ1552A2ZU | Karnataka | Active | 26 Dec 2019 |
| 29AAACQ1552A3ZT | Karnataka | Active | 03 Jun 2021 |
To see the full GST registrations and return filing status of Aequs Sez Private Limited, buy the company report.
Recent activity
Aequs Sez Private Limited has 23 board changes on record since 2008: 3 appointments and 20 cessations. The latest: Shravankumar Prakash Kulkarni ceased to be Additional Director on 29 Sep 2023.
Charges
A charge registered on 14 Oct 2022 via Charge ID 100619941 with Others was fully satisfied on 03 Dec 2025.
Charges
A charge registered on 07 Jul 2025 via Charge ID 101127095 with Axis Bank Limited was fully satisfied on 24 Nov 2025.
Charges
A charge registered on 07 Mar 2025 via Charge ID 101065933 with Axis Bank Limited was fully satisfied on 24 Nov 2025.
Charges
A charge with Axis Bank Limited of Rs. 145.59 Cr registered on 12 Sep 2018 with Charge ID 100207759 was modified on 24 Nov 2025.
Charges
A charge registered on 28 Aug 2025 via Charge ID 101156981 with Others was fully satisfied on 29 Sep 2025.
AGM
Aequs Sez Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 0.16 Cr with Charge ID 101168841 was registered on 24 Sep 2025.
Charges
A charge registered on 13 Aug 2021 via Charge ID 100470950 with Axis Bank Limited was fully satisfied on 06 Sep 2025.
Charges
A charge registered on 08 Sep 2023 via Charge ID 100813297 with Others was fully satisfied on 03 Sep 2025.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101156693 was registered on 28 Aug 2025.
Charges
A charge with Others amounted to Rs. 55.00 Cr with Charge ID 101156981 was registered on 28 Aug 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 111.60 Cr registered on 26 Nov 2019 with Charge ID 100305679 was modified on 04 Aug 2025.
138 earlier events are in the company report.
News
Frequently asked questions
Aequs Sez is an active private limited company based in Bengaluru, Karnataka, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 18 June 2007 (19+ years old) and is registered under CIN U45202KA2007PTC043154.
Aequs Sez has 3 current directors:
- Annapa Santhekadur Vikram - Managing Director
- Shravankumar Prakash Kulkarni - Director
- Basavaraj Sugandhi - Director
The latest financial statements of Aequs Sez on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aequs Sez is 29AAACQ1552A1ZV, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAACQ1552A2ZU (Karnataka), 29AAACQ1552A3ZT (Karnataka).
The CIN (Corporate Identification Number) of Aequs Sez is U45202KA2007PTC043154. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aequs Sez has 15 court cases on record: 6 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Aequs Sez was incorporated on 18 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Aequs Sez has 18 deals on record (7 secondary share transfers, 5 funding rounds, 4 rights issues), with disclosed funding of ₹85.71 Cr; the latest was in October 2021.
Shravankumar Prakash Kulkarni ceased to be Additional Director on 29 Sep 2023. Shravankumar Prakash Kulkarni was appointed as Director on 25 Jul 2023. Basavaraj Sugandhi ceased to be Additional Director on 27 Sep 2022. Aequs Sez has 23 board changes on record in total.
Yes, Aequs Sez is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-04-0009047).
Aequs Sez has 10 MSME Form 1 returns on record between 2019 and 2024, listing 784 overdue payments to 60 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages