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Vikas Air Solutions Private Limited
Vikas Air Solutions Private Limited - consumer electronics & durables in Bathinda, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹90.26 Cr
▲ 121% YoY
Net profit · FY 2025
₹3.45 Cr
Net margin 3.8%
EBITDA · FY 2025
₹5.77 Cr
EBITDA margin 6.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Satisfied ₹5.74 Cr
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Vikas Air Solutions Private Limited
Data last updated:
Vikas Air Solutions Private Limited is a private limited company based in Bathinda, Punjab, India, recognised as a startup by DPIIT. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 21 January 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51909PB2021PTC052636. Its GSTIN is 03AAHCV8538N1ZQ (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vikram Garg and Vikrant Garg.
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 C/O Satyapal Garg Gill Patti Sivia Goniana Road, Bathinda, Punjab, India – 151001.
As per the financials filed for FY 2025, the company reported a revenue of ₹90.26 Cr, a growth of 121% compared to the previous year. For the same year it recorded a net profit of ₹3.45 Cr (net margin 3.8%) and EBITDA of ₹5.77 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 86% over three years.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹5.74 Cr on record.
Vikas Air Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-03-0006097).
Company Details of Vikas Air Solutions Private Limited
CIN U51909PB2021PTC052636
Registration Number 052636
Incorporation Date 21 January 2021
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-PB-03-0006097
Key People
Vikram Garg Director Vikrant Garg Director Recognitions & Rankings of Vikas Air Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-03-0006097
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressC/O Satyapal Garg Gill Patti Sivia Goniana Road, Bathinda, Punjab, India – 151001
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
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Business Activity of Vikas Air Solutions Private Limited
The main business activity of Vikas Air Solutions 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 |
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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 Vikas Air Solutions Private Limited FY 2025 filings available
Vikas Air Solutions Private Limited reported revenue of ₹90.26 Cr (up 121% YoY) for FY 2025.
Revenue · FY 2025
₹90.26 Cr ▲ 121%
Net profit · FY 2025
₹3.45 Cr margin 3.8%
EBITDA · FY 2025
₹5.77 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR) of Vikas Air Solutions Private Limited
Revenue CAGR growth
1 year
▲ 121%
3 years · compounded
▲ 86%
EBITDA CAGR growth
1 year
▲ 123%
3 years · compounded
▲ 112%
Revenue has grown at a compounded annual rate (CAGR) of 86% over three years, including 121% growth in the latest year. EBITDA rose 123% 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 Vikas Air Solutions 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 | ₹5.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.45 Cr | •••• | •••• | •••• | •••• |
| 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 Vikas Air Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 Vikas Air Solutions are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Vikas Air Solutions Private Limited
Vikas Air Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Garg Also directs: Satya Air Cool Private Limited | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
| Vikrant Garg Also directs: Satya Air Cool Private Limited | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
Peer Comparison of Vikas Air Solutions Private Limited
Vikas Air Solutions Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Pumps). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cse India Private Limited | ₹97.84 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Gurgaon, Haryana, India |
| Paarth Solar Pumps Private Limited | ₹95.15 Cr (FY 2025) | •••• | •••• | 327.0% | •••• | Ahmedabad, Gujarat, India |
| Debson Pumps Pvt Ltd | ₹93.49 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Kolkata, West Bengal, India |
| HHV Pumps Private Limited | ₹91.13 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bengaluru, Karnataka, India |
| Desmi India Private Limited | ₹90.69 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| Vikas Air Solutions Private Limited this company | ₹90.26 Cr (FY 2025) | •••• | •••• | 121.0% | •••• | Bathinda, Punjab, India |
| Lerica International Private Limited | ₹90.2 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Pune, Maharashtra, India |
| Angel Pumps Private Limited | ₹89.83 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Metoda Rajkot, Gujarat, India |
| Goodwin Pumps India Private Limited | ₹88.95 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Chengalpattu, Tamil Nadu, India |
| Hydrodyne Teikoku (India) Private Limited | ₹86.22 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Thane, Maharashtra, India |
| Kakati Karshak Industries Private Limited | ₹85.33 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Vikas Air Solutions by revenue in the Machinery and Equipment industry (Pumps), 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 Vikas Air Solutions Private Limited
Vikas Air Solutions Private Limited is audited by SAMARTH M SURANA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMARTH M SURANA & CO | 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 Vikas Air Solutions Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Vikas Air Solutions Private Limited
Open charges
₹2.5 Cr
Satisfied charges
₹5.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jul 2024 | Others | ₹2.5 Cr | Open |
| 05 Oct 2021 | Hdfc Bank Limited | ₹5.74 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Vikas Air Solutions Private Limited
Vikas Air Solutions Private Limited has a workforce of 0 employees as of Apr 05, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Vikas Air Solutions Private Limited
Vikas Air Solutions Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Vikram Garg was appointed as Director on 21 Jan 2021.
AGM
Vikas Air Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vikas Air Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 05 Oct 2021 via Charge ID 100495538 with Hdfc Bank Limited was fully satisfied on 30 Aug 2024.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 100975367 was registered on 16 Jul 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 574.00 Lakh registered on 05 Oct 2021 with Charge ID 100495538 was modified on 09 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 574.00 Lakh with Charge ID 100495538 was registered on 05 Oct 2021.
Appointed
Vikram Garg was appointed as Director.
Appointed
Vikrant Garg was appointed as Director.
Incorporation
21 Jan 2021
Vikas Air Solutions Private Limited was registered on 21 Jan 2021 with Roc Chandigarh & aged 5 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Vikas Air Solutions Private Limited
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MSME Payment Delays by Vikas Air Solutions Private Limited
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Subsidiaries & Group Companies of Vikas Air Solutions Private Limited
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GST Compliance of Vikas Air Solutions Private Limited
Vikas Air Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAHCV8538N1ZQ | Punjab | Active | 13 May 2021 |
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MCA Filings & Documents of Vikas Air Solutions Private Limited
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Frequently Asked Questions about Vikas Air Solutions Private Limited
Vikas Air Solutions is an active private limited company based in Bathinda, Punjab, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 21 January 2021 (5+ years old) and is registered under CIN U51909PB2021PTC052636.
Vikas Air Solutions reported revenue of ₹90.26 Cr for FY 2025 (up 121% YoY).
Vikas Air Solutions has 2 current directors:
- Vikram Garg - Director
- Vikrant Garg - Director
Vikas Air Solutions reported a net profit of ₹3.45 Cr (net margin 3.8%) and EBITDA of ₹5.77 Cr (EBITDA margin 6.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vikas Air Solutions is 86% over three years. In the latest year (FY 2025) revenue rose 121%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vikas Air Solutions is 03AAHCV8538N1ZQ, registered in Punjab.
The CIN (Corporate Identification Number) of Vikas Air Solutions is U51909PB2021PTC052636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Air Solutions was incorporated on 21 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Vikas Air Solutions by revenue are Cse India Private Limited, Paarth Solar Pumps Private Limited, Debson Pumps Pvt Ltd, HHV Pumps Private Limited, Desmi India Private Limited and 5 more, all in the Machinery and Equipment industry (Pumps).
Vikram Garg was appointed as Director on 21 Jan 2021. Vikrant Garg was appointed as Director on 21 Jan 2021.
Yes, Vikas Air Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).