About Vasaka Promoters and Developers Private Limited
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Vasaka Promoters and Developers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 18 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PTC018573. Its GSTIN is 29AACCV0967C1ZB (Karnataka).
The company has an authorised share capital of ₹26.5 Cr and a paid-up capital of ₹22.63 Cr. It is led by directors Holenarsipur Srikantiah Shankar and Venkatesha Subbanna Naik.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.9 1st Floor Hal II Stage Doopanahalli Indira Nagar, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹551.09 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹70.5 Cr (net margin 12.8%) and EBITDA of ₹183.88 Cr (EBITDA margin 33.4%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹99.99 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adtl.co.in.
Company details
Contact details
Vasaka Promoters and Developers Private Limited's registered office is in Bangalore, Karnataka. Its website is adtl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.9 1st Floor Hal II Stage Doopanahalli Indira Nagar, Bangalore, Karnataka, India – 560008
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Vasaka Promoters and Developers 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 Vasaka Promoters and Developers is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Vasaka Promoters and Developers Private Limited, buy the company report.
Financials of Vasaka Promoters and Developers Private Limited
FY 2024 filings availableVasaka Promoters and Developers Private Limited reported revenue of ₹551.09 Cr (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. 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 | ₹183.88 Cr | ||||
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| Net Profit (PAT) | ₹70.5 Cr | ||||
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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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| EBITDA Margin | 33.4% | ||||
| Net Profit Margin | 12.8% | ||||
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To see the full financial statements and ratios of Vasaka Promoters and Developers Private Limited, buy the company report.
Board of directors of Vasaka Promoters and Developers Private Limited
Vasaka Promoters and Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Holenarsipur Srikantiah Shankar | Director | 01 Aug 2005 | 21 Years 3 Months | Current |
| Venkatesha Subbanna Naik Also directs: Alpha Design Technologies Private Limited | Director | 09 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Vasaka Promoters and Developers Private Limited is audited by B P Rao & Co, Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B P Rao & Co, Chartered Accountants | FY 2023 | 003116S |
Shareholding
The shareholding of Vasaka Promoters and Developers 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 Vasaka Promoters and Developers Private Limited, buy the company report.
Deals & funding
Vasaka Promoters and Developers Private Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹99.99 Cr; the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Funding round | ₹40 Cr | Investors: Elara Capital |
| Mar 2014 | Funding round | ₹9.5 Cr | Investors: Safdarjang Estates Private Limited , an individual |
| Mar 2012 | Funding round | ₹8 Cr | Investors: Safdarjang Estates Private Limited |
| Mar 2012 | Funding round | ₹22 Cr | Investors: Safdarjang Estates Private Limited |
| Apr 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Vasaka Promoters and Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Vasaka Promoters and Developers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vasaka Promoters and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vasaka Promoters and Developers has 8 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Alpha-Tocol Engineering Services Private Limited | U29253KA2009PTC051427 | |
| Microwave and Optronics Systems Private Limited | U29270KA2005PTC035552 | |
| Kortas Industries Private Limited | U29308KL2020PTC063612 | |
| Alpha-Elsec Defence & Aerospace Systems Private Limited | U31904KA2004PTC034094 | |
| Reline Thermal Imaging and Software Private Limited | U72200KA2006PTC040132 | |
| Alpha Design Technologies Private Limited | U74140KA2003PTC032191 |
To see the full group structure of Vasaka Promoters and Developers Private Limited, buy the company report.
Employees & EPFO
Vasaka Promoters and Developers Private Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Vasaka Promoters and Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV0967C1ZB | Karnataka | Active | 15 Feb 2019 |
To see the full GST registrations and return filing status of Vasaka Promoters and Developers Private Limited, buy the company report.
Recent activity
Vasaka Promoters and Developers Private Limited has 8 board changes on record since 2005: 2 appointments and 6 cessations. The latest: Venkatesha Subbanna Naik ceased to be Additional Director on 23 Sep 2024.
Frequently asked questions
Vasaka Promoters and Developers is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 18 August 1995 (31+ years old) and is registered under CIN U85110KA1995PTC018573.
Vasaka Promoters and Developers has 2 current directors:
- Holenarsipur Srikantiah Shankar - Director
- Venkatesha Subbanna Naik - Director
The latest financial statements of Vasaka Promoters and Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vasaka Promoters and Developers is 29AACCV0967C1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Vasaka Promoters and Developers is U85110KA1995PTC018573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasaka Promoters and Developers was incorporated on 18 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Vasaka Promoters and Developers has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹99.99 Cr; the latest was in March 2024.
Venkatesha Subbanna Naik ceased to be Additional Director on 23 Sep 2024. Venkatesha Subbanna Naik was appointed as Director on 09 Feb 2024. Pennathur Venkataraman Balasubramanyam ceased to be Additional Director on 31 Dec 2020. Vasaka Promoters and Developers has 8 board changes on record in total.
Vasaka Promoters and Developers can be reached through the website adtl.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Vasaka Promoters and Developers is at No.9 1st Floor Hal II Stage Doopanahalli Indira Nagar, Bangalore, Karnataka, India – 560008.
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