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About Syncon Elevators (India) Private Limited
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Syncon Elevators (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sa Syncon Infrastructure Services India Private Limited. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 16 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2008PTC215048. Its GSTIN is 27AALCS5269H1ZU (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹36.4 Lakh. It is led by directors including Rakesh Kumar (Managing Director) and Vishwanath Vinayak Vaity.
Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.23 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹11.22 Lakh (net margin 0.9%) and EBITDA of ₹65.56 Lakh (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹1.66 Cr and satisfied charges of ₹8 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 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 syncon.in.
Company details
CIN history
Syncon Elevators (India) has one previous CIN (Corporate Identification Number): U29253DL2008PTC172768. The current CIN is U29253MH2008PTC215048, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29253MH2008PTC215048 | Current |
| U29253DL2008PTC172768 | Previous |
Contact details
Syncon Elevators (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is syncon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. C – 222 Ttc Industrial Area MIDC Pawane Navi Mum, Bai, Mumbai, Maharashtra, India – 400705
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Syncon Elevators (India) Private Limited, buy the company report.
- 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
Business activity
The main business activity of Syncon Elevators (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Syncon Elevators (India) Private Limited, buy the company report.
Financials of Syncon Elevators (India) Private Limited
FY 2025 filings availableSyncon Elevators (India) Private Limited reported revenue of ₹12.23 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 23% growth in the latest year. EBITDA fell 8% 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 |
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| Total Expenses | |||||
| EBITDA | ₹65.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.22 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Syncon Elevators (India) Private Limited, buy the company report.
Board of directors of Syncon Elevators (India) Private Limited
Syncon Elevators (India) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwanath Vinayak Vaity | Director | 10 Mar 2018 | 8 Years 7 Months | Current |
| Rakesh Kumar | Managing Director | 10 Mar 2018 | 8 Years 7 Months | Current |
| Ashok Ramchandra Khare Also directs: Sa Syncon Infrastructure Services India Private Limited | Director | 16 Jan 2008 | 18 Years 9 Months | Current |
| Arumugam Krishnakumar Also directs: Sa Syncon Infrastructure Services India Private Limited, Ignitegtek Private Limited, Minetek Infra Private Limited and 1 more | Director | 01 May 2010 | 16 Years 5 Months | Current |
Peer comparison
Syncon Elevators (India) Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KPL Exports Limited | ₹12.3 Cr (FY 2024) | -97.0% | Kanpur, Uttar Pradesh, India | |||
| KG Electro-Power Pvt Ltd | ₹12.28 Cr (FY 2024) | 13.0% | Kolkata, West Bengal, India | |||
| Jagdish Earthcon Services Private Limited | ₹12.27 Cr (FY 2025) | 15.0% | Bilaspur, Chhattisgarh, India | |||
| Leefong Exim Private Limited | ₹12.26 Cr (FY 2025) | 16.0% | Kozhikode, Kerala, India | |||
| Syncon Elevators (India) Private Limitedthis company | ₹12.23 Cr (FY 2025) | ₹11.22 Lakh | 0.9% | 23.0% | Mumbai, Maharashtra, India | |
| Falconautomation & Control Private Limited | ₹12.18 Cr (FY 2025) | 15.0% | Roorkee, Uttarakhand, India | |||
| Sethia Agroteck Limited | ₹12.17 Cr (FY 2025) | -43.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Syncon Elevators (India) Private Limited, buy the company report.
Auditor
Syncon Elevators (India) Private Limited is audited by B. S. SUBUDHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. S. SUBUDHI & CO. | FY 2023 | 316006E |
Shareholding
The shareholding of Syncon Elevators (India) 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 Syncon Elevators (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2024 | 101006715 | Others | ₹1.5 Cr | Open | |
| 18 Jan 2023 | 100677320 | Hdfc Bank Limited | ₹3.86 Lakh | Open | |
| 18 Jan 2023 | 100677318 | Hdfc Bank Limited | ₹3.86 Lakh | Open | |
| 03 Mar 2022 | 100552785 | Hdfc Bank Limited | ₹8.5 Lakh | Open | |
| 08 Jun 2015 | 10581104 | Kotak Mahindra Prime Limited | ₹8 Lakh | Satisfied |
To see the full charge records of Syncon Elevators (India) Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Syncon Elevators (India) Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
To see the full case history of Syncon Elevators (India) 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
Syncon Elevators (India) Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Syncon Elevators (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Syncon Elevators (India) has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS5269H1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Syncon Elevators (India) Private Limited, buy the company report.
Recent activity
Syncon Elevators (India) Private Limited has 8 board changes on record since 2008: 4 appointments and 4 cessations. The latest: Xuesong Li ceased to be Director on 09 Sep 2022.
6 earlier events are in the company report.
Frequently asked questions
Syncon Elevators (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 16 January 2008 (18+ years old) and is registered under CIN U29253MH2008PTC215048.
Syncon Elevators (India) has 4 current directors:
- Rakesh Kumar - Managing Director
- Vishwanath Vinayak Vaity - Director
- Ashok Ramchandra Khare - Director
- Arumugam Krishnakumar - Director
The latest financial statements of Syncon Elevators (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Syncon Elevators (India) is 27AALCS5269H1ZU, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Syncon Elevators (India) is U29253MH2008PTC215048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syncon Elevators (India) has 1 court case on record: 1 filed against it. 1 is pending.
Syncon Elevators (India) was incorporated on 16 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Syncon Elevators (India) by revenue are KPL Exports Limited, KG Electro-Power Pvt Ltd, Jagdish Earthcon Services Private Limited, Leefong Exim Private Limited, Falconautomation & Control Private Limited and 1 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Xuesong Li ceased to be Director on 09 Sep 2022. Rakesh Kumar ceased to be Director on 22 Jul 2020. Vishwanath Vinayak Vaity ceased to be Additional Director on 11 Aug 2018. Syncon Elevators (India) has 8 board changes on record in total.
Syncon Elevators (India) has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 06 Oct 2021.
Syncon Elevators (India) can be reached through the website syncon.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Syncon Elevators (India) is at Plot No. C – 222 Ttc Industrial Area MIDC Pawane Navi Mum, Bai, Mumbai, Maharashtra, India – 400705.