About Ultimatech Elevators Private Limited
Data last updated:
Ultimatech Elevators Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29248KA2015PTC079153. Its GSTIN is 29AABCU7924P1ZJ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Vandana Srinivas and Rangappa Srinivas Naidu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #138/C 2nd Main Road 3rd Block Thyagaraja Nagara, Bangalore, Karnataka, India – 560028.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.11 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 0.9%) and EBITDA of ₹3.53 Lakh (EBITDA margin 3.2%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company is associated with 1 brand: Ultimatech Elevators. As per MCA filings, the company has open charges of ₹6 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ultimatechelevators.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address#138/C 2nd Main Road 3rd Block Thyagaraja Nagara, Bangalore, Karnataka, India – 560028
- IndustryMachinery and Equipment, Material Handling & Storage 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 Ultimatech Elevators Private Limited
The main business activity of Ultimatech Elevators 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 Ultimatech Elevators Private Limited FY 2025 filings available
Ultimatech Elevators Private Limited reported revenue of ₹1.11 Cr (down 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ultimatech Elevators Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 29% fall in the latest year. EBITDA rose 2% 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 Ultimatech Elevators Private Limited
| 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 | ₹3.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 Lakh | •••• | •••• | •••• | •••• |
| 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 Ultimatech Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Ultimatech Elevators 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 Ultimatech Elevators Private Limited
Ultimatech Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenworth Engineering Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Powerlift Equipments Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Fluxus Elevators Private Limited | •••• | •••• | •••• | •••• | - | Bhopal, Madhya Pradesh, India |
| Hercules Cranes Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Eelgrass Engineering Services Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Ultimatech Elevators Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sarvarupa Machines Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Fourlifters Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Nagori Engineers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Devoir Elevators Private Limited | •••• | •••• | •••• | •••• | - | Narsinghpur, Haryana, India |
| Valiant Technovation (India) Private Limited | •••• | •••• | •••• | •••• | - | Yamunanagar, Haryana, India |
Peers are the five companies nearest above and the five nearest below Ultimatech Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ultimatech Elevators Private Limited
Ultimatech Elevators Private Limited is audited by NAGARAJUNA & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAGARAJUNA & ASSOCIATES | 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 Ultimatech Elevators Private Limited
Ultimatech Elevators has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vandana Srinivas | Director | 06 Mar 2015 | 11 Years 7 Months | Current |
| Rangappa Srinivas Naidu | Director | 06 Mar 2015 | 11 Years 7 Months | Current |
Ownership and Shareholding of Ultimatech Elevators 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 Ultimatech Elevators Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jan 2024 | Others | ₹6 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Ultimatech Elevators Private Limited
Ultimatech Elevators operates one associated brand: Ultimatech Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator manufacturing, installation, and maintenance services in India. | ultimatechelevators.com |
Employees and EPFO Compliance at Ultimatech Elevators Private Limited
Employment history and EPFO contributions of people linked to Ultimatech Elevators.
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.
Recent Activity on Ultimatech Elevators Private Limited
Ultimatech Elevators Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Rangappa Srinivas Naidu was appointed as Director on 06 Mar 2015.
Credit Ratings, Litigation & Regulatory Alerts for Ultimatech Elevators 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.
MSME Payment Delays by Ultimatech Elevators Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ultimatech Elevators 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 Ultimatech Elevators Private Limited
Ultimatech Elevators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCU7924P1ZJ | 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 Ultimatech Elevators 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 Ultimatech Elevators Private Limited
Ultimatech Elevators is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 March 2015 (11+ years old) and is registered under CIN U29248KA2015PTC079153.
Ultimatech Elevators reported revenue of ₹1.11 Cr for FY 2025 (down 29% YoY).
Ultimatech Elevators has 2 current directors:
- Vandana Srinivas - Director
- Rangappa Srinivas Naidu - Director
Ultimatech Elevators reported a net profit of ₹1.04 Lakh (net margin 0.9%) and EBITDA of ₹3.53 Lakh (EBITDA margin 3.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ultimatech Elevators is 7% over three years and -4% over five years. In the latest year (FY 2025) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ultimatech Elevators is 29AABCU7924P1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Ultimatech Elevators is U29248KA2015PTC079153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultimatech Elevators was incorporated on 06 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ultimatech Elevators by revenue are Greenworth Engineering Private Limited, Powerlift Equipments Private Limited, Fluxus Elevators Private Limited, Hercules Cranes Private Limited, Eelgrass Engineering Services Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Rangappa Srinivas Naidu was appointed as Director on 06 Mar 2015. Vandana Srinivas was appointed as Director on 06 Mar 2015.
Yes, Ultimatech Elevators is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).