MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0032766
Upt Spares & Services Private Limited - engineering in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.18 Cr
▲ 33% YoY
Net profit · FY 2024
₹25.46 Lakh
Net margin 1.7%
EBITDA · FY 2024
₹69.19 Lakh
EBITDA margin 4.6%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.48 Cr
Issued & subscribed
Open charges
₹1.74 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
82
Provident fund records
About Upt Spares & Services Private Limited
Data last updated:
Upt Spares & Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Universal Power Transformer Private Limited. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 01 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40101KA2005PTC035973. Its GSTIN is 29AAICS8776Q1Z0 (Karnataka).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.48 Cr. It was formerly known as Srishti Power Private Limited. It is led by directors Dhruva Talwalkar Talwalkar (Managing Director) and Narasimha Dwarakanath.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 26A 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.18 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹25.46 Lakh (net margin 1.7%) and EBITDA of ₹69.19 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 12% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: UPT Spares and Services Pvt Ltd. As per MCA filings, the company has open charges of ₹1.74 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending.
Upt Spares & Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0032766). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website uptss.com.
Company details
CIN U40101KA2005PTC035973
Registration Number 035973
Incorporation Date 01 April 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Universal Power Transformer Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0032766
Recognitions & Rankings of Upt Spares & Services
Contact details
Upt Spares & Services Private Limited's registered office is in Bangalore, Karnataka. Its website is uptss.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address26A 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryEngineering, Industrial Maintenance & Repair Services
To see the full contact details of Upt Spares & Services Private Limited, buy the company report.
Comprehensive company report
Upt Spares & Services 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
Brands
Upt Spares & Services operates one associated brand: UPT Spares and Services Pvt Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transformer and switchgear maintenance services in the energy sector. | uptss.com |
Business activity
The main business activity of Upt Spares & Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Upt Spares & Services Private Limited, buy the company report.
Financials of Upt Spares & Services Private Limited
FY 2024 filings availableUpt Spares & Services Private Limited reported revenue of ₹15.18 Cr (up 33% YoY) for FY 2024.
Revenue · FY 2024
₹15.18 Cr ▲ 33%
Net profit · FY 2024
₹25.46 Lakh margin 1.7%
EBITDA · FY 2024
₹69.19 Lakh margin 4.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 15%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 60%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 33% growth in the latest year. EBITDA rose 54% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹69.19 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹25.46 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 4.6% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Upt Spares & Services Private Limited, buy the company report.
Board of directors of Upt Spares & Services Private Limited
Upt Spares & Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruva Talwalkar Talwalkar | Managing Director | 28 Jun 2008 | 18 Years 3 Months | Current |
| Narasimha Dwarakanath | Director | 28 Jun 2008 | 18 Years 3 Months | Current |
Auditor
Upt Spares & Services Private Limited is audited by L V Gopal Raghavan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L V Gopal Raghavan | FY 2023 | 204335 |
Shareholding
The shareholding of Upt Spares & Services 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 Upt Spares & Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.74 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2025 | 101099625 | Hdfc Bank Limited | ₹24.26 Lakh | Open | |
| 02 Jan 2025 | 101028698 | Axis Bank Limited | ₹15.69 Lakh | Open | |
| 17 Mar 2022 | 100547005 | Axis Bank Limited | ₹26.6 Lakh | Open | |
| 08 Mar 2021 | 100431686 | Axis Bank Limited | ₹7.38 Lakh | Open | |
| 20 Jul 2020 | 100354761 | Axis Bank Limited | ₹1 Cr | Open |
Total charge records: 5 View all charges
Legal cases
Upt Spares & Services Private Limited has 6 court cases on record: 3 filed by Upt Spares & Services, 3 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
3
Filed against the company
3
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Court case (Reg Dkst) | Filed by the company against M/S. Samrudhi Sugars Ltd | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Samrudhi Sugars Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Ms Samrudhi Sugars Ltd | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Friction Industries | Disposed |
To see the full case history of Upt Spares & Services 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
No delayed payments to MSME suppliers are on our record for Upt Spares & Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Upt Spares & Services Private Limited has a workforce of 82 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
82
Active EPFO establishments
1
Employee growth
26.15%
GST
Upt Spares & Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICS8776Q1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Upt Spares & Services Private Limited, buy the company report.
Recent activity
Upt Spares & Services Private Limited has 6 board changes on record since 2008: 2 appointments and 4 cessations. The latest: Dhruva Talwalkar Talwalkar ceased to be Director on 23 Feb 2022.
AGM
Upt Spares & Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 101099625 was registered on 14 May 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101028698 was registered on 02 Jan 2025.
Filing
Upt Spares & Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.27 Cr with Charge ID 100547005 was registered on 17 Mar 2022.
Ceased
Dhruva Talwalkar Talwalkar ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100431686 was registered on 08 Mar 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 100354761 was registered on 20 Jul 2020.
Ceased
Narasimha Dwarakanath ceased to be Managing Director.
Ceased
Dharmasthala Harshendra Kumar ceased to be Director.
Ceased
Dharmasthala Surendra Kumar ceased to be Managing Director.
Appointed
Dhruva Talwalkar Talwalkar was appointed as Managing Director.
2 earlier events are in the company report.
Frequently asked questions
Upt Spares & Services is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 01 April 2005 (21+ years old) and is registered under CIN U40101KA2005PTC035973.
Upt Spares & Services has 2 current directors:
- Dhruva Talwalkar Talwalkar - Managing Director
- Narasimha Dwarakanath - Director
The latest financial statements of Upt Spares & Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Upt Spares & Services is 29AAICS8776Q1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Upt Spares & Services is U40101KA2005PTC035973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upt Spares & Services has 6 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Upt Spares & Services was incorporated on 01 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Dhruva Talwalkar Talwalkar ceased to be Director on 23 Feb 2022. Narasimha Dwarakanath ceased to be Managing Director on 01 Jan 2018. Dharmasthala Harshendra Kumar ceased to be Director on 22 Jul 2008. Upt Spares & Services has 6 board changes on record in total.
Yes, Upt Spares & Services is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0032766).
Upt Spares & Services can be reached through the website uptss.com. Its registered office is in Bangalore, Karnataka, India.