MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0116854
Vasavi Elevators Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.82 Cr
▲ 99% YoY
Net profit · FY 2025
₹7.22 Lakh
Net margin 2.6%
EBITDA · FY 2025
₹14.91 Lakh
EBITDA margin 5.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹3 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Vasavi Elevators Private Limited
Data last updated:
Vasavi Elevators Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 19 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2016PTC097233. Its GSTIN is 29AAFCV6423N1ZQ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Gautham Gurunath Balasa and Rathi Kumar Suresh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 9 Rani Mansion 1st Floor 13th Main 50 Feet Road Muneshwara Block, Bangalore, Karnataka, India – 560050.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.82 Cr, a growth of 99% compared to the previous year. For the same year it recorded a net profit of ₹7.22 Lakh (net margin 2.6%) and EBITDA of ₹14.91 Lakh (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹3 Lakh on record.
Vasavi Elevators Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0116854). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vasavielevators.com.
Company Details of Vasavi Elevators Private Limited
CIN U52100KA2016PTC097233
Registration Number 097233
Incorporation Date 19 October 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0116854
Recognitions & Rankings of Vasavi Elevators
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 9 Rani Mansion 1st Floor 13th Main 50 Feet Road Muneshwara Block, Bangalore, Karnataka, India – 560050
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
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Business Activity of Vasavi Elevators Private Limited
The main business activity of Vasavi Elevators is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Vasavi Elevators Private Limited FY 2024 filings available
Vasavi Elevators Private Limited reported revenue of ₹2.82 Cr (up 99% YoY) for FY 2025.
Revenue · FY 2025
₹2.82 Cr ▲ 99%
Net profit · FY 2025
₹7.22 Lakh margin 2.6%
EBITDA · FY 2025
₹14.91 Lakh margin 5.3%
Compounded Annual Growth Rate (CAGR) of Vasavi Elevators Private Limited
Revenue CAGR growth
1 year
▲ 99%
3 years · compounded
▲ 22%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 124%
3 years · compounded
▲ 84%
5 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 99% growth in the latest year. EBITDA rose 124% 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 Vasavi 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 | ₹14.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.22 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 Vasavi Elevators Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 Vasavi Elevators are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Vasavi Elevators Private Limited
Vasavi Elevators has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautham Gurunath Balasa | Director | 19 Oct 2016 | 10 Years 0 Months | Current |
| Rathi Kumar Suresh | Director | 19 Oct 2016 | 10 Years 0 Months | Current |
Peer Comparison of Vasavi Elevators Private Limited
Vasavi Elevators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lift Up Solutions India Private Limited | ₹2.86 Cr (FY 2021) | •••• | •••• | -70.0% | •••• | Bangalore, Karnataka, India |
| Aguatech Engineers Private Limited | ₹2.85 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Pune, Maharashtra, India |
| Anchor3g Lifts Private Limited | ₹2.84 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Impex Lift Private Limited | ₹2.84 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Lucknow, Uttar Pradesh, India |
| Intelect Elemech Company Private Limited | ₹2.83 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Vasavi Elevators Private Limited this company | ₹2.82 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Bangalore, Karnataka, India |
| Mata India Pvt Ltd | ₹2.79 Cr (FY 2024) | •••• | •••• | 87.0% | •••• | Kolkata, West Bengal, India |
| Caldan Conveyor India Private Limited | ₹2.79 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Delhi, India |
| Titan Materials Handling Private Limited | ₹2.78 Cr (FY 2024) | •••• | •••• | 63.0% | •••• | Pune, Maharashtra, India |
| Hsi Industries Private Limited | ₹2.77 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Chennai, Tamil Nadu, India |
| SD Lifting Equipments Private Limited | ₹2.77 Cr (FY 2022) | •••• | •••• | -64.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Vasavi Elevators by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vasavi Elevators Private Limited
Vasavi Elevators Private Limited is audited by ANKJ & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANKJ & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Vasavi Elevators Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Vasavi Elevators Private Limited
Open charges
₹3 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2020 | Others | ₹3 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Vasavi Elevators Private Limited
Employment history and EPFO contributions of people linked to Vasavi Elevators.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Vasavi Elevators Private Limited
Vasavi Elevators Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Gautham Gurunath Balasa was appointed as Director on 19 Oct 2016.
AGM
Vasavi Elevators Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vasavi Elevators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 3.00 Lakh with Charge ID 100386388 was registered on 25 Sep 2020.
Appointed
Gautham Gurunath Balasa was appointed as Director.
Appointed
Rathi Kumar Suresh was appointed as Director.
Incorporation
19 Oct 2016
Vasavi Elevators Private Limited was registered on 19 Oct 2016 with Roc Bangalore & aged 10 years 2 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Vasavi Elevators Private Limited
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MSME Payment Delays by Vasavi Elevators Private Limited
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Subsidiaries & Group Companies of Vasavi Elevators Private Limited
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GST Compliance of Vasavi Elevators Private Limited
Vasavi Elevators has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCV6423N1ZQ | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Vasavi Elevators Private Limited
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Frequently Asked Questions about Vasavi Elevators Private Limited
Vasavi 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 19 October 2016 (10+ years old) and is registered under CIN U52100KA2016PTC097233.
Vasavi Elevators reported revenue of ₹2.82 Cr for FY 2025 (up 99% YoY).
Vasavi Elevators has 2 current directors:
- Gautham Gurunath Balasa - Director
- Rathi Kumar Suresh - Director
Vasavi Elevators reported a net profit of ₹7.22 Lakh (net margin 2.6%) and EBITDA of ₹14.91 Lakh (EBITDA margin 5.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vasavi Elevators is 22% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 99%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vasavi Elevators is 29AAFCV6423N1ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vasavi Elevators is U52100KA2016PTC097233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasavi Elevators was incorporated on 19 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vasavi Elevators by revenue are Lift Up Solutions India Private Limited, Aguatech Engineers Private Limited, Anchor3g Lifts Private Limited, Impex Lift Private Limited, Intelect Elemech Company Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Gautham Gurunath Balasa was appointed as Director on 19 Oct 2016. Rathi Kumar Suresh was appointed as Director on 19 Oct 2016.
Yes, Vasavi Elevators is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0116854).