Startup India Government of India
Spacenex Aero Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹19.02 Cr
▲ 21% YoY
Net profit · FY 2023
₹1.82 Cr
Net margin 9.6%
EBITDA · FY 2023
₹3.82 Cr
EBITDA margin 20.1%
Authorised capital
₹1.1 Cr
Registered with MCA
Paid-up capital
₹1.1 Cr
Issued & subscribed
Open charges
₹6.3 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
14
Provident fund records
About Spacenex Aero Private Limited
Data last updated:
Spacenex Aero Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 07 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29100KA2017PTC107712. Its GSTIN is 29AAZCS4373E1ZN (Karnataka).
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.1 Cr. It is led by directors including Guruprasad Kempaiah and Rudraiah Pramodini.
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 No 13 Hi – Tech Aerospace And Defence Park KIADB Industrial Area Bhatramarenahalli, Bangalore, Karnataka, India – 562110.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.02 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.82 Cr (net margin 9.6%) and EBITDA of ₹3.82 Cr (EBITDA margin 20.1%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spacenex. As per MCA filings, the company has open charges of ₹6.3 Cr on record. Court records list 5 cases involving the company. The company has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2021. Its 10 peer companies in the Aviation industry (Aircraft and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Safran Aircraft Engines Hyderabad Private Limited with revenue of ₹21.88 Cr.
Spacenex Aero Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0026422). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spacenex.com.
Company Details of Spacenex Aero Private Limited
CIN U29100KA2017PTC107712
Registration Number 107712
Incorporation Date 07 November 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-02-0026422
Key People
Guruprasad Kempaiah Director Rudraiah Pramodini Director Gangannagari Sreenivasulu Director Recognitions & Rankings of Spacenex Aero
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0026422
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No 13 Hi – Tech Aerospace And Defence Park KIADB Industrial Area Bhatramarenahalli, Bangalore, Karnataka, India – 562110
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
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Associated Brands with Spacenex Aero Private Limited
Spacenex Aero operates one associated brand: Spacenex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precision machining and special processes services in aerospace, defence, and engineering sectors. | spacenex.com |
Business Activity of Spacenex Aero Private Limited
The main business activity of Spacenex Aero is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Spacenex Aero Private Limited FY 2024 filings available
Spacenex Aero Private Limited reported revenue of ₹19.02 Cr (up 21% YoY) for FY 2023.
Revenue · FY 2023
₹19.02 Cr ▲ 21%
Net profit · FY 2023
₹1.82 Cr margin 9.6%
EBITDA · FY 2023
₹3.82 Cr margin 20.1%
Compounded Annual Growth Rate (CAGR) of Spacenex Aero Private Limited
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 45%
EBITDA CAGR growth
1 year
▲ 132%
3 years · compounded
▲ 117%
5 years · compounded
▲ 234%
Revenue has grown at a compounded annual rate (CAGR) of 45% over three years, including 21% growth in the latest year. EBITDA rose 132% 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 Spacenex Aero Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹19.02 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.82 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 Spacenex Aero Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.6% | •••• | •••• | •••• | •••• |
| 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 Spacenex Aero are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
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Board of Directors of Spacenex Aero Private Limited
Spacenex Aero has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guruprasad Kempaiah Also directs: Spacenex Additive Private Limited | Director | 07 Nov 2017 | 8 Years 11 Months | Current |
| Rudraiah Pramodini | Director | 07 Nov 2017 | 8 Years 11 Months | Current |
| Gangannagari Sreenivasulu Also directs: Spacenex Additive Private Limited | Director | 07 Nov 2017 | 8 Years 11 Months | Current |
Peer Comparison of Spacenex Aero Private Limited
Spacenex Aero Private Limited is compared with the companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Safran Aircraft Engines Hyderabad Private Limited | ₹21.88 Cr (FY 2021) | •••• | •••• | 72.0% | •••• | Hyderabad, Telangana, India |
| SPC DLN Engineering Systems Private Limited | ₹20.97 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
| Dilabs Systems Private Limited | ₹20.72 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Bgnorth, Karnataka, India |
| Kasstech Aerospace Private Limited | ₹20.65 Cr (FY 2024) | •••• | •••• | 52.0% | •••• | Gurugram, Haryana, India |
| Aitech Innovations India Private Limited | ₹19.44 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Spacenex Aero Private Limited this company | ₹19.02 Cr (FY 2023) | •••• | •••• | 21.0% | •••• | Bangalore, Karnataka, India |
| Naini Aerospace Limited | ₹18.86 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bengaluru, Karnataka, India |
| Johnnette Technologies Private Limited | ₹17.94 Cr (FY 2025) | •••• | •••• | 176.0% | •••• | Noida, Uttar Pradesh, India |
| Ferra Aerospace Private Limited | ₹17.35 Cr (FY 2024) | •••• | •••• | 103.0% | •••• | Bangalore, Karnataka, India |
| Uavgarage Private Limited | ₹17 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Panvel, Maharashtra, India |
| Paras Aerospace Private Limited | ₹16.53 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Spacenex Aero by revenue in the Aviation industry (Aircraft and Components Manufacturing), 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 Spacenex Aero Private Limited
Spacenex Aero Private Limited is audited by Umesh and Ravichander for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Umesh and Ravichander | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Spacenex Aero Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Spacenex Aero Private Limited
Open charges
₹6.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Aug 2025 | Others | ₹37.09 Lakh | Open |
| 21 Dec 2022 | Sidbi | ₹3 Cr | Open |
| 28 Mar 2022 | Others | ₹1.15 Cr | Open |
| 18 Feb 2022 | Others | ₹73.24 Lakh | Open |
| 31 Dec 2021 | Others | ₹51.07 Lakh | Open |
Total charge records: 8 View all charges
Deals & Funding of Spacenex Aero Private Limited
Spacenex Aero Private Limited has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2021.
Total deals
3
Secondary share transfers
2
Rights issue
1
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹85 Lakh | Investors: 3 individuals |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
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Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Spacenex Aero Private Limited
Spacenex Aero Private Limited has 5 court cases on record: 5 where it is another party. All cases are disposed. Status as checked on 03 Oct 2026.
Total cases
5
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
Cases on record (1 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Disposed |
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All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Spacenex Aero Private Limited
Spacenex Aero Private Limited has a workforce of 14 employees as of Sep 25, 2025.
Employee count
14
Active EPFO establishments
1
Employee growth
-80.82%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Spacenex Aero Private Limited
Spacenex Aero Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Ashok ceased to be Director on 31 Dec 2020.
Charges
A charge with Others amounted to Rs. 0.37 Cr with Charge ID 101173865 was registered on 07 Aug 2025.
AGM
Spacenex Aero Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Spacenex Aero Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Sidbi amounted to Rs. 3.00 Cr with Charge ID 100653890 was registered on 21 Dec 2022.
Charges
A charge with Others amounted to Rs. 1.15 Cr with Charge ID 100577817 was registered on 28 Mar 2022.
Charges
A charge with Others amounted to Rs. 0.73 Cr with Charge ID 100546692 was registered on 18 Feb 2022.
Charges
A charge with Others amounted to Rs. 0.51 Cr with Charge ID 100529514 was registered on 31 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100524517 was registered on 30 Oct 2021.
Ceased
Ashok ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 100330372 was registered on 20 Jan 2020.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 100326778 was registered on 05 Nov 2019.
Ceased
Shanmugam Madhiyan ceased to be Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Spacenex Aero Private Limited
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MSME Payment Delays by Spacenex Aero Private Limited
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Subsidiaries & Group Companies of Spacenex Aero Private Limited
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Corporate group structure
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GST Compliance of Spacenex Aero Private Limited
Spacenex Aero has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAZCS4373E1ZN | Karnataka | Active | 21 Nov 2017 |
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MCA Filings & Documents of Spacenex Aero Private Limited
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Frequently Asked Questions about Spacenex Aero Private Limited
Spacenex Aero is an active private limited company based in Bangalore, Karnataka, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 07 November 2017 (9+ years old) and is registered under CIN U29100KA2017PTC107712.
Spacenex Aero reported revenue of ₹19.02 Cr for FY 2023 (up 21% YoY).
Spacenex Aero has 3 current directors:
- Guruprasad Kempaiah - Director
- Rudraiah Pramodini - Director
- Gangannagari Sreenivasulu - Director
Spacenex Aero reported a net profit of ₹1.82 Cr (net margin 9.6%) and EBITDA of ₹3.82 Cr (EBITDA margin 20.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spacenex Aero is 45% over three years. In the latest year (FY 2023) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spacenex Aero is 29AAZCS4373E1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Spacenex Aero is U29100KA2017PTC107712. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spacenex Aero has 5 court cases on record.
Spacenex Aero was incorporated on 07 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Spacenex Aero has 3 deals on record (2 secondary share transfers, 1 rights issue); the latest was in March 2021.
The peers of Spacenex Aero by revenue are Safran Aircraft Engines Hyderabad Private Limited, SPC DLN Engineering Systems Private Limited, Dilabs Systems Private Limited, Kasstech Aerospace Private Limited, Aitech Innovations India Private Limited and 5 more, all in the Aviation industry (Aircraft and Components Manufacturing).