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.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address26A 2nd Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryEngineering, Industrial Maintenance & Repair Services
- 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
Associated Brands with Upt Spares & Services Private Limited
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 of Upt Spares & Services Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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.
Auditor Details of Upt Spares & Services Private Limited
Upt Spares & Services Private Limited is audited by L V Gopal Raghavan for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| L V Gopal Raghavan | 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 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.
| 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 |
Financials of Upt Spares & Services Private Limited FY 2024 filings available
Upt Spares & Services Private Limited reported revenue of ₹15.18 Cr (up 33% YoY) for FY 2024.
Growth of Upt Spares & Services Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▲ 33% | ▲ 15% | ▲ 12% |
| Net profit | ▲ 287% | ▲ 37% | ▲ 34% |
| EBITDA | ▲ 54% | ▲ 60% | ▲ 17% |
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 33% growth 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 Upt Spares & Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹69.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹25.46 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 Upt Spares & Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 Upt Spares & Services 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.
Ownership and Shareholding of Upt Spares & Services 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 Upt Spares & Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 May 2025 | Hdfc Bank Limited | ₹24.26 Lakh | Open |
| 02 Jan 2025 | Axis Bank Limited | ₹15.69 Lakh | Open |
| 17 Mar 2022 | Axis Bank Limited | ₹26.6 Lakh | Open |
| 08 Mar 2021 | Axis Bank Limited | ₹7.38 Lakh | Open |
| 20 Jul 2020 | Axis Bank Limited | ₹1 Cr | Open |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Upt Spares & Services Private Limited
Upt Spares & Services Private Limited has a workforce of 82 employees as of Mar 30, 2024.
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.
GST Compliance of Upt Spares & Services Private Limited
Upt Spares & Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICS8776Q1Z0 | 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.
Credit Ratings, Litigation & Regulatory Alerts for Upt Spares & Services 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 Upt Spares & Services 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 Upt Spares & Services 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.
MCA Filings & Documents of Upt Spares & Services 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.
Recent Activity on Upt Spares & Services Private Limited
Frequently Asked Questions about Upt Spares & Services Private Limited
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 reported revenue of ₹15.18 Cr for FY 2024 (up 33% YoY).
Upt Spares & Services has 2 current directors:
- Dhruva Talwalkar Talwalkar - Managing Director
- Narasimha Dwarakanath - Director
Upt Spares & Services reported a net profit of ₹25.46 Lakh (net margin 1.7%) and EBITDA of ₹69.19 Lakh (EBITDA margin 4.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Upt Spares & Services is 15% over three years and 12% over five years. In the latest year (FY 2024) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
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 was incorporated on 01 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Upt Spares & Services can be reached through the website uptss.com. Its registered office is in Bangalore, Karnataka, India.