MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0012008
Sulax Technologies Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹157.26 Cr
▲ 16% YoY
Net profit · FY 2025
₹14.18 Cr
Net margin 9%
EBITDA · FY 2025
₹22.87 Cr
EBITDA margin 14.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹51 Lakh
Issued & subscribed
Open charges
₹17.22 Cr
Satisfied ₹34.35 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
150
Provident fund records
About Sulax Technologies Private Limited
Data last updated:
Sulax Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 29 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28133KA2014PTC076630. Its GSTIN is 29AAUCS9790C1ZH (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹51 Lakh. It is led by directors including Chandan Billava and Sohani Laxminarayana Gangolli.
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 No. 380A 5th Main Vijaya Bank Layout Bilekahalli Off. Bannerghatta Main Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2025, the company reported a revenue of ₹157.26 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹14.18 Cr (net margin 9%) and EBITDA of ₹22.87 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 10% over five years.
The company has about 150 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sulax Technologies. As per MCA filings, the company has open charges of ₹17.22 Cr and satisfied charges of ₹34.35 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 rights issue); the latest was in October 2015. Its 5 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 4 smaller; the largest is TVS Upasana Limited with revenue of ₹160.85 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 12 overdue payments to 4 micro and small suppliers.
Sulax Technologies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0012008). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sulax.in.
Company details
CIN U28133KA2014PTC076630
Registration Number 076630
Incorporation Date 29 September 2014
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
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0012008
Key People
Chandan Billava Director Sohani Laxminarayana Gangolli Director Gangolli Laxminarayana Sherugar Director Recognitions & Rankings of Sulax Technologies
Contact details
Sulax Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is sulax.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 380A 5th Main Vijaya Bank Layout Bilekahalli Off. Bannerghatta Main Road, Bangalore, Karnataka, India – 560076
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Sulax Technologies Private Limited, buy the company report.
Comprehensive company report
Sulax Technologies 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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Brands
Sulax Technologies operates one associated brand: Sulax Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of sheet metal components and sub-assemblies for industrial sectors in Bangalore. | sulax.in |
Business activity
The main business activity of Sulax Technologies is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Sulax Technologies Private Limited, buy the company report.
Financials of Sulax Technologies Private Limited
FY 2024 filings availableSulax Technologies Private Limited reported revenue of ₹157.26 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹157.26 Cr ▲ 16%
Net profit · FY 2025
₹14.18 Cr margin 9%
EBITDA · FY 2025
₹22.87 Cr margin 14.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 22%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 23%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 16% growth in the latest year. EBITDA rose 36% 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 | ₹22.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.18 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 | 14.5% | ||||
| Net Profit Margin | 9% | ||||
| 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 Sulax Technologies Private Limited, buy the company report.
Board of directors of Sulax Technologies Private Limited
Sulax Technologies has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandan Billava Also directs: Mallik Engineering (India) Private Limited | Director | 10 Jul 2019 | 7 Years 4 Months | Current |
| Sohani Laxminarayana Gangolli | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Gangolli Laxminarayana Sherugar Also directs: Sulax Hospitality & Realty LLP, Mallik Engineering (India) Private Limited, Mallik Multitechnologies Private Limited and 2 more | Director | 29 Sep 2014 | 12 Years 1 Months | Current |
| Sumana Mangalore Also directs: Sulax Hospitality & Realty LLP, Mallik Engineering (India) Private Limited, Mallik Multitechnologies Private Limited and 2 more | Director | 29 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Sulax Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| TVS Upasana Limited | ₹160.85 Cr (FY 2022) | 11.0% | Chennai, Tamil Nadu, India | |||
| Sulax Technologies Private Limitedthis company | ₹157.26 Cr (FY 2025) | ₹14.18 Cr | 9% | 16.0% | 150 | Bangalore, Karnataka, India |
| Mauryaa Alloys Private Limited | ₹156.92 Cr (FY 2025) | -2.0% | Kolhapur, Maharashtra, India | |||
| Poona Forge Pvt Ltd | ₹155.73 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Siddhi Forge Pvt Ltd | ₹155.7 Cr (FY 2024) | 8.0% | Ahmednagar, Maharashtra, India | |||
| Stanzen Engineering Private Limited | ₹154.99 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Sulax Technologies Private Limited, buy the company report.
Auditor
Sulax Technologies Private Limited is audited by Divakara & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Divakara & Associates | FY 2023 | 000763S |
Shareholding
The shareholding of Sulax Technologies 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 Sulax Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.22 Cr
Satisfied charges
₹34.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2023 | 100814859 | Hdfc Bank Limited | ₹12.5 Cr | Open | |
| 02 May 2023 | 100718449 | Hdfc Bank Limited | ₹1.72 Cr | Open | |
| 20 Feb 2023 | 100695912 | Hdfc Bank Limited | ₹3 Cr | Open | |
| 16 Sep 2022 | 100617545 | Others | ₹27.18 Lakh | Satisfied | |
| 28 Mar 2022 | 100560409 | Others | ₹9.6 Cr | Satisfied |
To see the full charge records of Sulax Technologies Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Sulax Technologies Private Limited has 1 deal on record (1 rights issue); the latest was in October 2015.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2015 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sulax Technologies Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Sulax Technologies 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
Sulax Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 12 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Saras Micron Tools Private Limited | |||
| Analytical Research & Metallurgical Laboratories Private Limited | |||
| an individual supplier | |||
| New India Cuprotec |
To see the full MSME payment records of Sulax Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sulax Technologies Private Limited has a workforce of 150 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
150
Active EPFO establishments
1
Employee growth
22.95%
GST
Sulax Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAUCS9790C1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sulax Technologies Private Limited, buy the company report.
Recent activity
Sulax Technologies Private Limited has 4 board changes on record since 2014: 4 appointments. The latest: Sohani Laxminarayana Gangolli was appointed as Director on 15 Jun 2021.
Charges
A charge registered on 16 Sep 2022 via Charge ID 100617545 with Others was fully satisfied on 27 Feb 2025.
AGM
Sulax Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sulax Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 28 Mar 2022 via Charge ID 100560409 with Others was fully satisfied on 30 Oct 2023.
Charges
A charge registered on 28 Mar 2022 via Charge ID 100560404 with Others was fully satisfied on 30 Oct 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.50 Cr with Charge ID 100814859 was registered on 09 Oct 2023.
Charges
A charge registered on 07 Jan 2015 via Charge ID 10552155 with Others was fully satisfied on 24 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.72 Cr with Charge ID 100718449 was registered on 02 May 2023.
Charges
A charge registered on 09 Dec 2021 via Charge ID 100516742 with Others was fully satisfied on 18 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100695912 was registered on 20 Feb 2023.
Charges
A charge registered on 29 Oct 2020 via Charge ID 100386339 with Others was fully satisfied on 04 Feb 2023.
Charges
A charge registered on 12 Sep 2019 via Charge ID 100291748 with Others was fully satisfied on 19 Dec 2022.
31 earlier events are in the company report.
Frequently asked questions
Sulax Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 29 September 2014 (12+ years old) and is registered under CIN U28133KA2014PTC076630.
Sulax Technologies has 4 current directors:
- Chandan Billava - Director
- Sohani Laxminarayana Gangolli - Director
- Gangolli Laxminarayana Sherugar - Director
- Sumana Mangalore - Director
The latest financial statements of Sulax Technologies 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 2015 are in the company report.
The GSTIN of Sulax Technologies is 29AAUCS9790C1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Sulax Technologies is U28133KA2014PTC076630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sulax Technologies has 1 court case on record: 1 filed against it.
Sulax Technologies was incorporated on 29 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Sulax Technologies has 1 deal on record (1 rights issue); the latest was in October 2015.
The peers of Sulax Technologies by revenue are TVS Upasana Limited, Mauryaa Alloys Private Limited, Poona Forge Pvt Ltd, Siddhi Forge Pvt Ltd, Stanzen Engineering Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Sohani Laxminarayana Gangolli was appointed as Director on 15 Jun 2021. Chandan Billava was appointed as Director on 10 Jul 2019. Gangolli Laxminarayana Sherugar was appointed as Director on 29 Sep 2014. Sulax Technologies has 4 board changes on record in total.
Yes, Sulax Technologies is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0012008).
Sulax Technologies has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 12 overdue payments to 4 micro and small suppliers. The latest return was filed on 04 Aug 2020.
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